The Impact of Bailouts on the Probability of Sovereign Debt Crises : Evidence from IMF-Supported Programs /

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 l...

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Hlavní autor: Balima, Hippolyte
Další autoři: Sy, Amadou
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2019.
Edice:IMF Working Papers; Working Paper ; No. 2019/002
On-line přístup:Full text available on IMF