The IMF's role in mobilizing private capital flows: are there grounds for catalytic conversion?

被引：13

作者：

Bird, Graham ^{[2
]}

Rowlands, Dane ^{[1
]}

机构：

[1] Carleton Univ, Norman Paterson Sch Int Affairs, Ottawa, ON K1S 5B6, Canada

[2] Univ Surrey, Surrey Ctr Int Econ Studies, Guildford GU2 5XH, Surrey, England

来源：

APPLIED ECONOMICS LETTERS | 2009年 / 16卷 / 17期

关键词：

PROGRAMS; FINANCE; WORK;

D O I：

10.1080/13504850701604169

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Recent theoretical and empirical research suggests that under certain conditions IMF agreements induce additional inflows of finance from private international capital markets. This article provides new empirical evidence on this catalytic effect using a treatment effects model to correct for selectivity. It concludes that catalysis remains weak or negative overall, with nuances that support recent theory.

引用

页码：1705 / 1708

页数：4

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