Many happy returns? Recidivism and the IMF

Bird, Graham; Hussain, Mumtaz; Joyce, Joseph P.

doi:10.1016/j.jimonfin.2003.12.002

Cited by 118 publications

(92 citation statements)

References 21 publications

(15 reference statements)

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“…For a discussion of 'recidivism' in IMF lending see Conway (2007) and Bird et al (2004). 3 While some of these states have used IMF resources they have not used these resources under a conditional lending arrangement.…”

Section: The Imf and The World Bank In Sub-saharan Africamentioning

confidence: 99%

Political Trust, Corruption, and Ratings of the IMF and the World Bank

Breen

Gillanders

2015

International Interactions

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There are only a handful of studies that examine public support for the IMF and World Bank. At the individual level, evaluations of the economy feature prominently in these studies. Utilizing data from the Afrobarometer study, we find that evaluations of the economy, ideology and a range of socio-demographic factors including age, gender, employment status, health, education, and living conditions are not significantly related to ratings of effectiveness. Rather, we find that political trust and corruption -two very important concepts in the wider literature on individual level attitudes toward international relations and foreign policy issues -are strongly associated with ratings of effectiveness.JEL Classification: F53, F5, F6, F60, P16

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Section: The Imf and The World Bank In Sub-saharan Africamentioning

confidence: 99%

Political Trust, Corruption, and Ratings of the IMF and the World Bank

Breen

Gillanders

2015

International Interactions

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“…Conway (1994) showed that past participation is a statistically significant indicator of the current likelihood to adopt a program, while Bird et al (2004) and Joyce (2005) established that recidivism is an important aspect of countries' experience with the IMF. Therefore we estimated a number of specifications using past participation (computed as the number of years, out of the previous 10 years, in which the country participated in a program) as an instrument for current participation in an IMF program, using a standard 2SLS procedure.…”

Section: Tests Of Robustnessmentioning

confidence: 99%

The Imf and the Liberalization of Capital Flows

Joyce

2005

SSRN Journal

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“…First, what are the factors that lead to IMFsupported programmes? The answer to this question is well known: economic variables, such as the current account balance, inflation, international reserves, debt service, GDP per capita, and so on, together with participation in previous programmes explain reasonably well the approval of an IMFsupported arrangement (Conway, 1994;Knight and Santaella, 1997;Bird et al, 2000). Knight and Santaella (1997) found that policy commitments made by recipient governments matter for the programme approval as well; if the authorities promise stronger adjustment, the Fund is more likely to approve a bigger loan.…”

Section: Imf Programmes and Fiscal Developmentsmentioning

confidence: 99%

Is Fiscal Adjustment More Durable When The IMF is Involved?

Bulı́ř

Moon

2004

Comp Econ Stud

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This paper investigates fiscal developments in 112 countries during the 1990s. It finds that while the overall fiscal balance improved in most of them, the composition of this improvement differed. In countries without IMF-supported programmes, revenues increased modestly and expenditure declined sharply, while in programme countries both post-programme revenue and expenditure declined. However, in countries with programmes that included fiscal structural conditions, the adjustment was effected primarily through sharp expenditure compression. No evidence of a statistically significant impact of IMF conditionality was found. Moreover, fiscal developments were influenced by cyclical factors and by the general stance of macroeconomic policies.

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Many happy returns? Recidivism and the IMF

Cited by 118 publications

References 21 publications

Political Trust, Corruption, and Ratings of the IMF and the World Bank

Political Trust, Corruption, and Ratings of the IMF and the World Bank

The Imf and the Liberalization of Capital Flows

Is Fiscal Adjustment More Durable When The IMF is Involved?

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