Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/208296 
Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
ECB Working Paper No. 2262
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
While the consequences and effectiveness of IMF conditionality have long been the focus of research, the possible negative impact of IMF conditionality on countries' willingness to ask for an IMF programme - often termed "IMF stigma" - has recently received attention particularly from policy circles. In this paper we investigate how countries' past experience with the IMF and their peers' experience with the IMF affect their likelihood of entering a subsequent IMF arrangement. Our results indicate that, even when controlling for the success of past programmes, a country is less likely to approach the IMF for help if in the past it experienced an above-average number of disbursement-relevant conditions. We find hardly any impact of peers' experience, except for Asian countries.
Schlagwörter: 
Financial arrangements
reserves
IMF MONA
crisis resolution
JEL: 
F33
F53
F55
H87
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-92-899-3524-1
Dokumentart: 
Working Paper

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