Browsing by Keyword "IMF"
Now showing items 1-8 of 8
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Controles de capital: 70 anos de vai e vem
2014-12-01This article describes the evolution of International Monetary Law as it applies to capital controls from the enactment of the Bretton Woods Agreement until today. This undertaking is relevant for it fills an important gap ... -
The determinants of IMF fiscal conditionalities: economics or politics?
2015-06-01Conditionalites, measures that a borrowing country should adopt to obtain loans from the IMF, are pervasive in IMF programs. This paper estimates the effects of political and economic factors on the number of conditionalities ... -
Fiscal adjustment, conditionality and politics in IMF programs
2015-04-14A common feature in programs of the International Monetary Fund (IMF) is the use of conditionalities, macroeconomic and structural measures that a requesting country should adopt to obtain an assistance package. The objective ... -
IMF conditionalities, liquidity provision, and incentives for fiscal adjustment
2015-10This paper proposes a model to study how conditional lending and immediate liquidity provision affect incentives for fiscal adjustment in a country facing the risk of sovereign default. Conditional lending provides explicit ... -
IMF Seniority as a compromise for affordable debt
2017-05-11Este artigo trata do papel do Fundo Monetário Internacional como um agente sênior, fato observado empiricamente. Um agente soberano sujeito a um choque estocástico deve tomar emprestado para suavizar seu consumo. O mercado ... -
The 'missing link' between the WTO and the IMF
2013-06This article is part of a broader study on the impacts of exchange rate on trade. It searches for an explanation on why there is no effective rule in the World Trade Organization (WTO) to neutralize the negative impacts ... -
Sovereign default risk and commitment for fiscal adjustment
2015-01This paper studies fiscal policy in a model of sovereign debt and default A time inconsistency problem arises: since the price of past debt cannot be affected by current fiscal policy and governments cannot credibly commit ...
