Arrears to the IMF : A Ghost of the Past? /

In this paper, we consider incidences of arrears to the IMF, focusing on protracted arrears cases and attempt to identify determinants of their occurrence. We use narrative and formal methods. In addition, we analyze determinants of the duration of arrears. We find that previous arrears, reserves co...

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Bibliografiske detaljer
Hovedforfatter: Oeking, Anne
Andre forfattere: Sumlinski, Mariusz
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2016.
Serier:IMF Working Papers; Working Paper ; No. 2016/225
Online adgang:Full text available on IMF
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245 1 0 |a Arrears to the IMF :   |b A Ghost of the Past? /  |c Anne Oeking, Mariusz Sumlinski. 
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300 |a 1 online resource (40 pages) 
490 1 |a IMF Working Papers 
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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 In this paper, we consider incidences of arrears to the IMF, focusing on protracted arrears cases and attempt to identify determinants of their occurrence. We use narrative and formal methods. In addition, we analyze determinants of the duration of arrears. We find that previous arrears, reserves coverage, and institutional quality are among the main determinants of arrears. In addition, we identify a role for political developments, including civil unrest, which make arrears more likely to arise and to last longer. We conclude that improved macroeconomic conditions and turnaround of political fortunes would help to clear the currently remaining protracted arrears cases. 
538 |a Mode of access: Internet 
700 1 |a Sumlinski, Mariusz. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2016/225 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2016/225/001.2016.issue-225-en.xml  |z IMF e-Library