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Access to Market Financing for IDA-eligible Countries—the Role of External Debt and IMF-Supported Programs, Alun Thomas

Abstract
Exclusion restrictions used to identify demand and supply relationships for market financing among IDA recipients (past and present) show that poor credit ratings and high political instability adversely impact the supply of market finance. While the adverse effects of external debt on market access occur at very high levels for IDA-eligible countries, the sizeable debt relief provided in the context of the enhanced HIPC Initiative has significantly raised the likelihood of market access for these countries. For countries that have graduated from IDA financing, the length of country spells in IMF-supported programs raises the likelihood of market access, although this effect is absent for IDA-eligible countries
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Market Access; 1. Diagnostic Statistics 1970-2006; A. Probit model; 2. Probit Models of Market Access; 3. Probit Models of Market Access for various IDA categories.; 4. Tobit Models of Market Access for Various IDA Categories; B. Tobit model; III. Conclusion; 1. Country List; 2. Variable List; References; Footnotes
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (32 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613828903

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