European Parliament Library

Do IMF-Supported Programs Boost Private Capital Inflows? the Role of Program Size and Policy Adjustment, Roberto Benelli

Abstract
I analyze empirically whether program size (the size of financial assistance) and policy adjustment matter for the success of IMF-supported programs. I define a program as successful if the initial program projections for net private capital flows are met or exceeded. I find that success is negatively associated with the size of financial assistance, especially in countries with market access, and that projection biases binding constraints on the amount of IMF lending may account for this association. Moreover, policy adjustment seems to have a causal positive effect on the likelihood of program success
Table Of Contents
""Contents""; ""I. Introduction""; ""II. Empirical Framework""; ""III. Are the Shortfalls in Net Private Capital Flows Random Errors?""; ""IV. Does Program Size Matter?""; ""V. How do Capital Flows Respond to Policy Adjustment?""; ""VI. Concluding Remarks""; ""References""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (35 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781462318377

Library Locations

  • EP Library Brussels

    60 rue Wiertz, Brussels, B-1047, BE
    Borrow
  • EP Library Luxembourg

    Rue du Fort Thüngen, Luxembourg, L-1313, LU
    Borrow
  • EP Library Strasbourg

    7 Place Adrien Zeller, Allée du Printemps, Strasbourg, F-67070, FR
    Borrow