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AALejournalIMF004364 |
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|c 5.00 USD
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|z 9781451977967
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Santaella, Julio.
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|a Economic Determinants of Fund Financial Arrangements /
|c Julio Santaella, Malcolm Knight.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1994.
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| 300 |
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|a 1 online resource (48 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper analyses empirically the economic factors that lead to approval of Fund financial arrangements. We account for both the economic variables that induce a country to seek an arrangement with the Fund ("demand-side" factors) and the macroeconomic policy commitments that the Fund considers when deciding whether to approve it ("supply-side" factors). Using a pooled sample of annual observations for 91 developing countries over 1973-1991, we obtain maximum likelihood estimates of bivariate and univariate probit equations to determine the probability of approval of a financial arrangement for a given country in a given year. A number of our chosen demand-side and supply-side variables are statistically significant determinants of the approval of a Fund arrangement, and the overall explanatory power of the equations is high.
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| 538 |
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|a Mode of access: Internet
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|a Knight, Malcolm.
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|a IMF Working Papers; Working Paper ;
|v No. 1994/036
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1994/036/001.1994.issue-036-en.xml
|z IMF e-Library
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