Keeping Capital Flowing : The Role of the IMF /

In this paper, we examine the IMF's role in maintaining the access of emerging market economies to international capital markets. We find evidence that both macroeconomic aggregates and capital flows improve following the adoption of an IMF-supported program, although they may initially deterio...

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Bibliographic Details
Main Author: Bordo, Michael
Other Authors: Mody, Ashoka, Oomes, Nienke
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2004.
Series:IMF Working Papers; Working Paper ; No. 2004/197
Online Access:Full text available on IMF