IMF Supported Programs in Low Income Countries is popular PDF and ePub book, written by Mr.Christian Mumssen in 2014-01-15, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, IMF Supported Programs in Low Income Countries can be Read Online from any device for your convenience.
IMF Supported Programs in Low Income Countries Book PDF Summary
This paper studies the short and longer-term impact of IMF engagement in Low-Income Countries (LICs) over nearly three decades. In contrast to earlier studies, we focus on a sample composed exclusively of LICs and disentangle the different effects of IMF longer-term engagement and short-term financing using a propensity score matching approach to control for selection bias. Our results indicate that longer-term IMF support (at least five years of program engagement per decade) helped LICs sustain economic growth and boost resilience by building fiscal buffers. Interestingly, the size of IMF financing has no significant impact on economic growth, possibly pointing to the prominent role of IMF policy advice and institutional capacity building in the context of longer-term engagement. We also present evidence that the short-term IMF engagement through augmentations of existing programs or short-term and emergency facilities is positively associated with a wide range of macroeconomic outcomes. Notably, the IMF financial support has the greatest impact on short-term growth when LICs are faced with substantial macroeconomic imbalances or exogenous shocks.
Detail Book of IMF Supported Programs in Low Income Countries PDF
- Author : Mr.Christian Mumssen
- Release : 15 January 2014
- Publisher : International Monetary Fund
- ISBN : 9781484359433
- Genre : Business & Economics
- Total Page : 64 pages
- Language : English
- PDF File Size : 9,7 Mb
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