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The World Economy, 36, 4, (2013), pp. 375-395ISSN
Publication type
Article / Letter to editor

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Organization
Internationale economie
Journal title
The World Economy
Volume
vol. 36
Issue
iss. 4
Languages used
English (eng)
Page start
p. 375
Page end
p. 395
Subject
Distributional Conflicts in a Globalizing World: Consequences for State-Market-Civil Society Arrangements; Financial Markets and Supervision (Regulatory); Onderneming en Financieel RechtAbstract
International Monetary Fund (IMF)-supported programmes catalyse private capital to non-defaulting countries. We find the IMF to be effective in stimulating private capital flows to middle-income countries that participate in a Fund programme, but do not restructure their debt. IMF-supported programmes help non-defaulting countries to signal their willingness to reform and repay debts, thereby catalysing private capital. This signalling role appears to be more important for Fund catalysis, than the size of IMF lending.
This item appears in the following Collection(s)
- Academic publications [226905]
- Electronic publications [108452]
- Nijmegen School of Management [17879]
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