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01808cas a2200253 a 4500 |
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|z 9781484393413
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|a 1018-5941
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|a Balima, Hippolyte.
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|a The Impact of Bailouts on the Probability of Sovereign Debt Crises :
|b Evidence from IMF-Supported Programs /
|c Hippolyte Balima, Amadou Sy.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2019.
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|a 1 online resource (38 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 studies the role of IMF-supported programs in mitigating the likelihood of subsequent sovereign defaults in borrowing countries. Using a panel of 106 developing countries from 1970 to 2016 and an entropy balancing methodology, we find that IMF-supported programs significantly reduce the likelihood of subsequent sovereign defaults. This finding is robust to different specifications of the entropy balancing and alternative identification strategies. Our results suggest that a country that signs a program with the IMF, typically experiences a slight improvement in its sovereign credit rating and a decrease in both government debt-to-GDP and fiscal deficit-to-GDP.
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|a Mode of access: Internet
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|a Sy, Amadou.
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|a IMF Working Papers; Working Paper ;
|v No. 2019/002
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2019/002/001.2019.issue-002-en.xml
|z IMF e-Library
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