Arbeitspapier

The response speed of the International Monetary Fund

The more severe a financial crisis, the greater has been the likelihood of its management under an IMF-supported programme and the shorter the time from crisis onset to programme initiation. Political links to the United States have increased programme likelihood but have prompted faster response mainly for 'major'crises. Over time, the IMF's response has not been robustly faster, but the time sensitivity to the more severe crises and those related to fixed exchange rate regimes did increase from the mid-1980s. Similarly, democracies had tended to stall programme initiation but have become more supportive of financial markets' demands for quicker action.

Language
Englisch

Bibliographic citation
Series: Bruegel Working Paper ; No. 2013/03

Classification
Wirtschaft
International Monetary Arrangements and Institutions
International Financial Markets
International Institutional Arrangements
Subject
IMF
Financial Crises
Democracy

Event
Geistige Schöpfung
(who)
Mody, Ashoka
Saravia, Diego
Event
Veröffentlichung
(who)
Bruegel
(where)
Brussels
(when)
2013

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Mody, Ashoka
  • Saravia, Diego
  • Bruegel

Time of origin

  • 2013

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