The existence of an empirical relationship between the adoption of an IMF programme and the concession of a debt rescheduling by commercial and official creditors is tested using a bivariate probit model. If countries who have arrangements with the IMF are more likely than others to obtain a rescheduling of their external debt we could conclude that the adoption of an IMF programme could work as a sort of signal of a country’s “good willingness”, which is thus rewarded with the debt relief. The results confirm the existence of a significant effect of the adoption of an IMF programme on the subsequent concession of a debt rescheduling by creditors
IMF programs are often considered to carry a “stigma” that triggers adverse market reactions. We sh...
Abstract: This paper empirically investigates the importance of financial and political variables in...
Few sovereign debtors have repudiated their obligations entirely. But despite the significant sancti...
The existence of an empirical relationship between the adoption of an IMF programme and the concessi...
The existence of an empirical relationship between the adoption of an IMF programme and the concessi...
A theoretical model is developed in which both buybacks and the adoption of an IMF programme can be ...
The IMF has become increasingly involved in mediating debt rescheduling agreements between debtor co...
This paper analyzes the role played by the IMF in eight recent sovereign debt restructurings from a ...
The objective of this paper is to investigate the bargaining over debt rescheduling between a sovere...
This paper examines the effect of the IMF imprimatur on the cost of borrowing in the international c...
Where an economy cannot meet its external debt service obligations, it is forced to appeal to credit...
One possible explanation for the unsatisfactory implementation of IMF conditionality has been attrib...
• The IMF staff’s 2013 proposal to reprofile (i.e., stretch out for a short period without haircutti...
To evaluate the creditworthiness of borrowing countries in a debt rescheduling environment, this stu...
Existing studies provide little evidence supporting the claim that an IMF program increases the prop...
IMF programs are often considered to carry a “stigma” that triggers adverse market reactions. We sh...
Abstract: This paper empirically investigates the importance of financial and political variables in...
Few sovereign debtors have repudiated their obligations entirely. But despite the significant sancti...
The existence of an empirical relationship between the adoption of an IMF programme and the concessi...
The existence of an empirical relationship between the adoption of an IMF programme and the concessi...
A theoretical model is developed in which both buybacks and the adoption of an IMF programme can be ...
The IMF has become increasingly involved in mediating debt rescheduling agreements between debtor co...
This paper analyzes the role played by the IMF in eight recent sovereign debt restructurings from a ...
The objective of this paper is to investigate the bargaining over debt rescheduling between a sovere...
This paper examines the effect of the IMF imprimatur on the cost of borrowing in the international c...
Where an economy cannot meet its external debt service obligations, it is forced to appeal to credit...
One possible explanation for the unsatisfactory implementation of IMF conditionality has been attrib...
• The IMF staff’s 2013 proposal to reprofile (i.e., stretch out for a short period without haircutti...
To evaluate the creditworthiness of borrowing countries in a debt rescheduling environment, this stu...
Existing studies provide little evidence supporting the claim that an IMF program increases the prop...
IMF programs are often considered to carry a “stigma” that triggers adverse market reactions. We sh...
Abstract: This paper empirically investigates the importance of financial and political variables in...
Few sovereign debtors have repudiated their obligations entirely. But despite the significant sancti...