Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/78020
Authors: 
Mody, Ashoka
Saravia, Diego
Year of Publication: 
2013
Series/Report no.: 
Bruegel Working Paper 2013/03
Abstract: 
The more severe a financial crisis, the greater has been the likelihood of its management under an IMF-supported programme and the shorter the time from crisis onset to programme initiation. Political links to the United States have increased programme likelihood but have prompted faster response mainly for 'major'crises. Over time, the IMF's response has not been robustly faster, but the time sensitivity to the more severe crises and those related to fixed exchange rate regimes did increase from the mid-1980s. Similarly, democracies had tended to stall programme initiation but have become more supportive of financial markets' demands for quicker action.
Subjects: 
IMF
Financial Crises
Democracy
JEL: 
F33
G15
F55
Document Type: 
Working Paper
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