Arbeitspapier
IMF Credit: How Important Are Political Factors? A Robustness Analysis
We test whether, in addition to economic conditions, IMF credit is influenced by political factors. On the basis of a panel model for 128 countries over the period 1972-1998, we find that debt service scaled to exports, international reserve holdings scaled to imports and economic growth, as well as investment are robustly related to IMF credit supply. Arguably, these results are broadly consistent with the IMF's mission. The only political variables which appear to be related to changes in IMF credit are government stability, the quality of the bureaucracy, and a dummy variable indicating the extent of political opposition. Possible interpretations of these findings are discussed.
- Language
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Englisch
- Bibliographic citation
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Series: CESifo Working Paper ; No. 642
- Classification
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Wirtschaft
- Subject
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IMF credit
political economy.
- Event
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Geistige Schöpfung
- (who)
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Sturm, Jan-Egbert
Berger, Helge
de Haan, Jakob
- Event
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Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
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2002
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Sturm, Jan-Egbert
- Berger, Helge
- de Haan, Jakob
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2002
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