Do IMF-Supported Programs Boost Private Capital Inflows? the Role of Program Size and Policy Adjustment »
Series: IMF Working Papers
Author(s): Roberto Benelli
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2003
Keywords: Success of IMF programs, policy adjustment under programs, private capital, private capital flows, capital flows, capital inflows, private capital inflows, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Open Economy Macroeconomics,
I analyze empirically whether program size (the size of financial assistance) and policy adjustment matter for the success of IMF-supported programs. I define a program as successful if the initial program projecti...