Catalyzing Capital Flows : Do IMF-Supported Programs Work As Commitment Devices?

Do IMF-Supported Programs Work As Commitment Devices?

Catalyzing Capital Flows : Do IMF-Supported Programs Work As Commitment Devices?
An objective of IMF-supported programs is to help countries improve their access to international capital markets. In this paper, we examine the issue whether IMF-supported programs influence the ability of developing country issuers to tap international bond markets and whether they improve spreads paid on the bonds issued. We find that... READ MORE...

Publication date: May 2003
ISBN 9781451852424
$15.00

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