| 000 | 02778nam a22004214a 4500 | ||
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| 001 | WPIEA2007152 | ||
| 003 | IMF | ||
| 005 | 20190405170241.0 | ||
| 006 | m o d | ||
| 007 | cr cn||||||||| | ||
| 008 | 020129s2007 dcu o i00 0 eng d | ||
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_a1451867166 : _c18.00 USD |
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| 020 | _z9781451867169 | ||
| 022 | _a1018-5941 | ||
| 024 | 7 |
_a10.5089/9781451867169.001 _2doi |
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| 035 | _a(IMF)WPIEA2007152 | ||
| 040 |
_aDcWaIMF _beng |
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| 100 | 1 | _aCerutti, Eugenio. | |
| 245 | 1 | 0 |
_aIMF Drawing Programs _h[electronic resource] : _bParticipation Determinants and Forecasting / _cEugenio Cerutti. |
| 260 |
_aWashington, D.C. : _bInternational Monetary Fund, _c2007. |
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| 300 | _a1 online resource (27 p.) | ||
| 490 | 1 |
_aIMF Working Papers; Working Paper ; _vNo. 07/152 |
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| 520 | 3 | _aThis paper studies the factors that have influenced countries' participation in IMF drawing programs. IMF drawing programs are defined as the period of a Stand-By Arrangement or an Extended Fund Facilities program during which a country borrows from the Fund. Since this definition excludes precautionary arrangements and periods during which the program went off-track, it provides a closer link to the factors that have influenced the evolution of IMF credit outstanding. The analysis uses quarterly data during the period 1982-2005 and focuses on developing, non-PRGF eligible countries. Country-specific variables-net international reserves and GDP growth-together with a global factor-world GDP growth-are found to be among the most significant determinants of countries' participation in IMF drawing programs. The importance of the global factor is not uniform during the period reviewed. The influence of world GDP growth seems to have been significant during the 1980s debt crises but not since the Mexican crisis in 1994. An out-of-sample forecast evaluation of the period 2004-5 reveals that the model has some predictive power. | |
| 588 | _aDescription based on print version record. | ||
| 650 | 7 |
_aCurrent Account _2imf |
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| 650 | 7 |
_aForecasting _2imf |
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| 650 | 7 |
_aIMF Credit Outstanding _2imf |
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| 650 | 7 |
_aProbabilities _2imf |
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| 650 | 7 |
_aProbability _2imf |
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| 651 | 7 |
_aArgentina _2imf |
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| 651 | 7 |
_aBrazil _2imf |
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| 651 | 7 |
_aDominican Republic _2imf |
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| 651 | 7 |
_aKorea, Republic of _2imf |
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| 651 | 7 |
_aTurkey _2imf |
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| 776 | 0 | 8 |
_iPrint Version: _aCerutti, Eugenio. _tIMF Drawing Programs : Participation Determinants and Forecasting _dWashington, D.C. : International Monetary Fund, 2007. _z9781451867169 |
| 830 | 0 |
_aIMF Working Papers; Working Paper ; _vNo. 07/152 |
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| 856 | 4 | 0 |
_uhttp://elibrary.imf.org/view/IMF001/08545-9781451867169/08545-9781451867169/08545-9781451867169.xml _zIMF e-Library |
| 856 | 4 | 0 |
_uhttp://www.imfbookstore.org/IMFORG/9781451867169 _zIMF Book Store |
| 999 |
_c153613 _d153613 |
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