European Parliament Library

Financial Sector Conditionality :, Is Tougher Better?, Roger Kronenberg, Alessandro Giustiniani

Abstract
The aim of this paper is to take a closer look at IMF conditionality in the banking sector. Our analysis shows that while such conditionality became more stringent following the Asian crisis, compliance has remained broadly unchanged, comparing unfavorably with other structural reforms. The results of panel data regressions show that while compliance with IMF-supported banking sector reform strategies has contributed to an improvement in banking sector performance, increases in the hardness and intensity of IMF conditionality may not be, ceteris paribus, effective. The policy implication is that the IMF should, therefore, continue its efforts in enhancing countries' ownership and streamlining conditionality
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. A BRIEF HISTORY OF IMF CONDITIONALITY""; ""III. OVERVIEW OF BANKING SECTOR CONDITIONALITY""; ""IV. EMPIRICAL ANALYSIS""; ""V. CONCLUSIONS""; ""REFERENCES""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (34 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781283518802

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