Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/39913
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dc.contributor.authorDreher, Axelen_US
dc.contributor.authorGassebner, Martinen_US
dc.date.accessioned2010-09-13T14:37:57Z-
dc.date.available2010-09-13T14:37:57Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/39913-
dc.description.abstractWe examine whether and under which circumstances World Bank projects and IMF programs affect the likelihood of major government crises. Using a sample of more than 90 developing countries over the period 1970-2002, we find that crises are on average more likely in the presence of Bank and Fund involvement. While the effect of the IMF to some extent depends on the model specification, the impact of the World Bank is shown to be robust to the choice of control variables and method of estimation. We also find that governments face an increasing risk to enter a crisis when they remain under IFI programs when the economy performs better. The (economic) conditions present when a new IFI program is initiated, however, do not play a major role for crisis probability. Finally, only programs concluded by the current government affect crises, while those inherited by preceding governments do not.en_US
dc.language.isoeng-
dc.publisher|aVerein für Socialpolitik, Ausschuss für Entwicklungsländer |cGöttingenen_US
dc.relation.ispartofseries|aProceedings of the German Development Economics Conference, Zürich 2008 |x13en_US
dc.subject.jelD72en_US
dc.subject.jelF34en_US
dc.subject.jelP48en_US
dc.subject.ddc330en_US
dc.subject.keywordPolitical Crisisen_US
dc.subject.keywordInternational Financial Institutionsen_US
dc.titleDo IMF and World Bank programs induce government crises An empirical analysisen_US
dc.typeConference Paperen_US
dc.identifier.ppn654048185-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:gdec08:13-

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