| Description |
1 online resource (41 pages) : color illustrations |
| Series |
IMF working paper ; WP/14/176 |
|
IMF working paper ; WP/14/176.
|
| Contents |
Cover Page; Title Page; Copyright Page; Abstract; Contents; Appendixes; I. Introduction; II. Data and Methodology; A. Data; B. Methodology; III. Estimating Average Treatment Effect; A. Estimating the participation equation (or propensity scores); B. Matching method and results; IV. Heterogeneity Analysis; V. Conclusion; 1. Figures; 2. Tables; 3. Auxiliary Tables; References; Footnotes |
| Summary |
This paper uses the propensity matching score approach to assess the impact of the IMF's debt limits policy (DLP) on borrowing behavior in countries eligible to borrow from its concessional lending window. The paper finds that countries under the DLP borrow significantly higher amounts of concessional resources. However, there is no evidence that the DLP significantly impacts the level of non-concessional borrowing nor the terms of such borrowing. This result is confirmed by the heterogeneity analysis, suggesting that the level of development, rather than concessionality requirements, is the key driver of non-concessional borrowing.--Abstract |
| Notes |
"September 2014." |
|
"Strategy, Policy, and Review Department." |
| Bibliography |
Includes bibliographical references (pages 34-40) |
| Notes |
Online resource; title from pdf title page (IMF.org Web site, viewed September 30, 2014) |
| Subject |
International Monetary Fund -- Developing countries
|
| SUBJECT |
International Monetary Fund fast |
| Subject |
Economic assistance -- Developing countries
|
|
Debts, External -- Developing countries
|
|
Debts, External
|
|
Economic assistance
|
|
Developing countries
|
| Form |
Electronic book
|
| Author |
Allain, Laurence, author
|
|
Bua, Giovanna, author
|
|
International Monetary Fund. Strategy, Policy, and Review Department, issuing body.
|
| ISBN |
9781498301275 |
|
1498301274 |
|
1498349722 |
|
9781498349727 |
|
