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Anticipating Arrears to the IMF Early Warning Systems

Anticipating Arrears to the IMF Early Warning Systems »

Source: Anticipating Arrears to the IMF Early Warning Systems

Volume/Issue: 2003/18

Series: IMF Working Papers

Author(s): Chikako Oka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2003

ISBN: 9781451843668

Keywords: early warning, probability, currency crises, debt service, external debt, debt outstanding, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation,

This paper attempts to predict the incidence of arrears to the International Monetary Fund (IMF) by modifying and applying two of the major early warning systems for currency crises: the "signals" approach proposed...

Arrears to the IMF - A Ghost of the Past?

Arrears to the IMF - A Ghost of the Past? »

Source: Arrears to the IMF - A Ghost of the Past?

Volume/Issue: 2016/225

Series: IMF Working Papers

Author(s): Anne Oeking , and Mariusz Sumlinski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 November 2016

ISBN: 9781475554823

Keywords: International Monetary Fund, External debt, Arrears, International Monetary Arrangements and Institutions, International Lending and Debt Problems

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 analy...

Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries*

Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries* »

Source: Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries

Volume/Issue: 2014/48

Series: IMF Working Papers

Author(s): Andrew Berg , Enrico Berkes , Catherine Pattillo , Andrea Presbitero , and Yorbol Yakhshilikov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

ISBN: 9781475579772

Keywords: DSF, Sovereign debt crises, debt thresholds, external debt, debt crises, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Macroeconomic Analyses of Economic Development,

The World Bank and the IMF have adopted a debt sustainability framework (DSF) to evaluate the risk of debt distress in Low Income Countries (LICs). At the core of the DSF are empirically-based thresholds for each o...

Bedfellows, Hostages, or Perfect Strangers? Global Capital Markets and the Catalytic Effect of IMF Crisis Lending

Bedfellows, Hostages, or Perfect Strangers? Global Capital Markets and the Catalytic Effect of IMF Crisis Lending »

Source: Bedfellows, Hostages, or Perfect Strangers? Global Capital Markets and the Catalytic Effect of IMF Crisis Lending

Volume/Issue: 2002/193

Series: IMF Working Papers

Author(s): Curzio Giannini , and Carlo Cottarelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2002

ISBN: 9781451859829

Keywords: Capital Account Crises Contents, capital inflows, private capital inflows, private capital, current account, capital outflow, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Economic History: Financial Markets and Institutions: General, International

During the 1990s, the concept of "catalytic official finance" (COF) gained prominence in policy debates. The concept revolves around the idea that the propensity of investors to lend to a country increases when the...

Capital Inflows, Exchange Rate Flexibility, and Credit Booms*

Capital Inflows, Exchange Rate Flexibility, and Credit Booms* »

Source: Capital Inflows, Exchange Rate Flexibility, and Credit Booms

Volume/Issue: 2012/41

Series: IMF Working Papers

Author(s): Nicolas Magud , Esteban Vesperoni , and Carmen Reinhart

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

ISBN: 9781463936426

Keywords: foreign currency loans, financial regulation, exchange rate, exchange rate regime, Capital Inflows, Exchange Rate Flexibility, and Credit Booms, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

The prospects of expansionary monetary policies in the advanced countries for the foreseeable future have renewed the debate over policy options to cope with large capital inflows that are, at least partly, driven...

Catalyzing Capital Flows

Catalyzing Capital Flows »

Source: Catalyzing Capital Flows : Do IMF-Supported Programs Work As Commitment Devices?

Volume/Issue: 2003/100

Series: IMF Working Papers

Author(s): Diego Saravia , and Ashoka Mody

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2003

ISBN: 9781451852424

Keywords: signaling, bond, bond issuance, bonds, capital flows, international capital, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

An objective of IMF-supported programs is to help countries improve their access to international capital markets. In this paper, we examine the issue whether IMF-supported programs influence the ability of develop...

Conditional Lending Under Altruism

Conditional Lending Under Altruism »

Source: Conditional Lending Under Altruism

Volume/Issue: 2004/100

Series: IMF Working Papers

Author(s): Alex Mourmouras , and Peter Rangazas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2004

ISBN: 9781451852431

Keywords: altruism, time consistency, Samaritan&;amp;#x2019;s dilemma, poor country, poor countries, moral hazard, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

We analyze how the altruism of an international financial institution (IFI) towards its lowincome member countries (LICs) alters the effectiveness of its loans. We study IFI loans to a credit-constrained LIC. The I...

A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior

A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior »

Source: A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior

Volume/Issue: 2014/176

Series: IMF Working Papers

Author(s): Calixte Ahokpossi , Laurence Allain , and Giovanna Bua

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 September 2014

ISBN: 9781498349727

Keywords: Concessionality, debt limits policy, propensity score matching, external debt, public debt, private creditors, debt relief, concessional debt, International Monetary Arrangements and Institutions, International Lending and Debt Problems

This paper uses the propensity matching score approach to assess the impact of the IMF's debt limits policy (DLP) on borrowing behavior in countries eligible to borrow from its concessional lending window. The pape...

Crisis Resolution

Crisis Resolution »

Source: Crisis Resolution : Next Steps

Volume/Issue: 2003/196

Series: IMF Working Papers

Author(s): Kenneth Kletzer , Barry Eichengreen , and Ashoka Mody

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2003

ISBN: 9781451859980

Keywords: Collective Action, Aggregation, Transition, bonds, bond, bondholders, sovereign debt, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

At the April 2003 meeting of the International Monetary and Financial Committees, it was decided to further encourage the contractual approach to smoothing the process of sovereign debt restructuring by encouraging...

Dealing with Systemic Sovereign Debt Crises: Fiscal Consolidation, Bail-ins or Official Transfers?

Dealing with Systemic Sovereign Debt Crises: Fiscal Consolidation, Bail-ins or Official Transfers? »

Source: Dealing with Systemic Sovereign Debt Crises : Fiscal Consolidation, Bail-ins or Official Transfers?

Volume/Issue: 2015/223

Series: IMF Working Papers

Author(s): Damiano Sandri

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 October 2015

ISBN: 9781513569246

Keywords: Sovereign default, bail-ins, transfers, debt, creditors, sovereign debt, International Monetary Arrangements and Institutions, International Lending and Debt Problems, General, All Countries,

The paper presents a tractable model to understand how international financial institutions (IFIs) should deal with the sovereign debt crisis of a systemic country, in which case private creditors' bail-ins entail...