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IMF lending arrangements in emerging and developing countries – participation and prediction
| Content Provider | Scilit |
|---|---|
| Author | Orăștean, Ramona Marginean, Silvia Opreana, Claudiu |
| Copyright Year | 2015 |
| Description | Journal: Economic Research-Ekonomska Istraživanja The literature on determinants of International Monetary Fund (IMF) interventions in emerging and developing countries shows that the IMF's decisions are determined by political and economic causes. This article empirically investigates economic factors, showing that a country's probability to sign an IMF arrangement can be predicted by looking at a core group of macroeconomic variables. Using discriminant analysis we develop a score function that allows us to predict a country's future participation in IMF programmes. The study covers 153 emerging and developing countries, over more than 30 years (1980–2011) and 654 agreements, for both non-concessional and concessional loans. The proposed tools are simple, consistent and relevant and they can be used both to monitor an IMF country and its economic development in real time and to forecast future demand for IMF aid. |
| Related Links | http://www.tandfonline.com/doi/pdf/10.1080/1331677X.2016.1174389?needAccess=true |
| Ending Page | 458 |
| Page Count | 13 |
| Starting Page | 446 |
| ISSN | 1331677X |
| e-ISSN | 18489664 |
| DOI | 10.1080/1331677x.2016.1174389 |
| Journal | Economic Research-Ekonomska Istraživanja |
| Issue Number | 1 |
| Volume Number | 29 |
| Language | English |
| Publisher | Informa UK Limited |
| Publisher Date | 2015-12-07 |
| Access Restriction | Open |
| Subject Keyword | Journal: Economic Research-Ekonomska Istraživanja Urban and Regional Planning Imf Lending Arrangements Emerging and Developing Countries Participation |
| Content Type | Text |
| Subject | Economics and Econometrics |
