Financial Sector Conditionality : Is Tougher Better? /

The aim of this paper is to take a closer look at IMF conditionality in the banking sector. Our analysis shows that while such conditionality became more stringent following the Asian crisis, compliance has remained broadly unchanged, comparing unfavorably with other structural reforms. The results...

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Détails bibliographiques
Auteur principal: Kronenberg, Roger
Autres auteurs: Giustiniani, Alessandro
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2005.
Collection:IMF Working Papers; Working Paper ; No. 2005/230
Accès en ligne:Full text available on IMF
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245 1 0 |a Financial Sector Conditionality :   |b Is Tougher Better? /  |c Roger Kronenberg, Alessandro Giustiniani. 
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490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a The aim of this paper is to take a closer look at IMF conditionality in the banking sector. Our analysis shows that while such conditionality became more stringent following the Asian crisis, compliance has remained broadly unchanged, comparing unfavorably with other structural reforms. The results of panel data regressions show that while compliance with IMF-supported banking sector reform strategies has contributed to an improvement in banking sector performance, increases in the hardness and intensity of IMF conditionality may not be, ceteris paribus, effective. The policy implication is that the IMF should, therefore, continue its efforts in enhancing countries' ownership and streamlining conditionality. 
538 |a Mode of access: Internet 
700 1 |a Giustiniani, Alessandro. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2005/230 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2005/230/001.2005.issue-230-en.xml  |z IMF e-Library