The response speed of the International Monetary Fund
AbstractThe 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 â??majorâ??crises. Over time, the IMFâ??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 marketsâ?? demands for quicker action.
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Bibliographic InfoPaper provided by Bruegel in its series Working Papers with number 786.
Date of creation: Jul 2013
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Other versions of this item:
- Ashoka Mody & Diego Saravia, 2013. "The Response Speed of the International Monetary Fund," International Finance, Wiley Blackwell, vol. 16(2), pages 189-211, 06.
- Ashoka Mody & Diego Saravia, 2013. "The Response Speed of the International Monetary Fund," Working Papers Central Bank of Chile 692, Central Bank of Chile.
- NEP-ALL-2013-07-28 (All new papers)
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