An Econometric Analysis of Countries' Repayment Performance to the International Monetary Fund /

While the literature on external debt repayment performance by sovereign debtors is extensive, repayment performance vis-a-vis the International Monetary Fund has not been dealt with separately. Given differences between the Fund and other providers of financial resources, this paper considers wheth...

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Bibliografski detalji
Glavni autor: Aylward, Lynn
Daljnji autori: Thorne, Rupert
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 1998.
Serija:IMF Working Papers; Working Paper ; No. 1998/032
Online pristup:Full text available on IMF
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245 1 3 |a An Econometric Analysis of Countries' Repayment Performance to the International Monetary Fund /  |c Lynn Aylward, Rupert Thorne. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1998. 
300 |a 1 online resource (47 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a While the literature on external debt repayment performance by sovereign debtors is extensive, repayment performance vis-a-vis the International Monetary Fund has not been dealt with separately. Given differences between the Fund and other providers of financial resources, this paper considers whether it is possible to distinguish through logit analysis between the countries that make timely repayments to the Fund and those that become overdue. The paper finds that the inclusion of Fund-specific financial variables and a small number of macroeconomic variables yields a highly significant econometric model of the probability of a country incurring Fund arrears. 
538 |a Mode of access: Internet 
700 1 |a Thorne, Rupert. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1998/032 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1998/032/001.1998.issue-032-en.xml  |z IMF e-Library