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• W2155015859 abstract "In this paper, we examine the IMF`s role in maintaining the access of emerging market economies to international capital markets. We find evidence that both macroeconomic aggregates and capital flows improve following the adoption of an IMF-supported program, although they may initially deteriorate somewhat. Consistent with theoretical predictions and earlier empirical findings, we find that IMF-supported programs are most successful in improving capital flows to countries with bad, but not very bad fundamentals. In such countries, IMF-supported programs are also associated with improvements in the fundamentals themselves." @default.
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• W2155015859 date "2004-01-01" @default.
• W2155015859 modified "2023-10-17" @default.
• W2155015859 title "Keeping Capital Flowing: The Role of the IMF" @default.
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• W2155015859 doi "https://doi.org/10.2139/ssrn.879022" @default.
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