Sudden Stops and IMF-Supported Programs /

Could a high-access, quick-disbursing "insurance facility" in the IMF help to reduce the incidence of sharp interruptions in capital flows ("sudden stops")? We contribute to the debate around this question by analyzing the impact of conventional IMF-supported programs on the inci...

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Dades bibliogràfiques
Autor principal: Eichengreen, Barry
Altres autors: Gupta, Poonam, Mody, Ashoka
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2006.
Col·lecció:IMF Working Papers; Working Paper ; No. 2006/101
Accés en línia:Full text available on IMF
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245 1 0 |a Sudden Stops and IMF-Supported Programs /  |c Barry Eichengreen, Poonam Gupta, Ashoka Mody. 
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490 1 |a IMF Working Papers 
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520 3 |a Could a high-access, quick-disbursing "insurance facility" in the IMF help to reduce the incidence of sharp interruptions in capital flows ("sudden stops")? We contribute to the debate around this question by analyzing the impact of conventional IMF-supported programs on the incidence of sudden stops. Correcting for the non-random assignment of programs, we find that sudden stops are fewer and generally less severe when an IMF arrangement exists and that this form of "insurance" works best for countries with strong fundamentals. In contrast there is no evidence that a Fund-supported program attenuates the output effects of capital account reversals if these nonetheless occur. 
538 |a Mode of access: Internet 
700 1 |a Gupta, Poonam. 
700 1 |a Mody, Ashoka. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2006/101 
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