TY  - BOOK
AU  - Bal-Gunduz,Yasemin
TI  - Estimating Demand for IMF Financing by Low-Income Countries in Response to Shocks
T2  - IMF Working Papers; Working Paper
SN  - 1451874081 :
SN  - 1018-5941
PY  - 2009///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Commodity Prices
KW  - imf
KW  - Current Account Balance
KW  - Current Account
KW  - Exogenous Shocks
KW  - IMF Financing
KW  - Low-Income Countries
KW  - Congo, Democratic Republic of the
N2  - This paper estimates factors affecting demand for Fund financing by Low-Income Countries (LICs) in response to policy and exogenous shocks. Various economic variables including reserve coverage, current account balance to GDP, real GDP growth, macroeconomic stability, and terms of trade shocks are found to be significant determinants of Fund financing. Moreover, global conditions, including changes in real oil and non-oil commodity prices and world trade, are also significant. Therefore, the demand for Fund financing by LICs is likely to be cyclical in response to common shocks with its intensity depending on the severity and persistence of adverse shocks
UR  - http://elibrary.imf.org/view/IMF001/10579-9781451874082/10579-9781451874082/10579-9781451874082.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451874082
ER  -