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The Effect of IMF Lending on the Probability of Sovereign Debt Crises
This paper explores empirically how the adoption of IMF programs affects sovereign risk over the medium term. We find that IMF programs significantly increase the probability of subsequent sovereign defaults by approximately 1.5 to 2 percentage points. These results cannot be attributed to endogenei...
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| Veröffentlicht in: | MAGKS - Joint Discussion Paper Series in Economics (Band 26-2010) |
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| 1. Verfasser: | |
| Format: | Arbeit |
| Sprache: | Englisch |
| Veröffentlicht: |
Philipps-Universität Marburg
2010
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| Schlagworte: | |
| Online-Zugang: | PDF-Volltext |
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MAGKS - Joint Discussion Paper Series in Economics