Investor Responses to IMF Program Suspensions: Is Noncompliance Costly?
This article reinvestigates the "catalytic" effects of IMF programs on investment controlling for the implementation of the program, allowing us to ascertain if capital markets respond to the mere announcement of a Fund program or its sustained positive implementation. Copyright (c) 2005 by the Southwestern Social Science Association.
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Volume (Year): 86 (2005)
Issue (Month): 4 ()
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