Search results for "International Monetary Fund"
showing 4 items of 4 documents
IMF lending arrangements in emerging and developing countries – participation and prediction
2016
AbstractThe literature on determinants of International Monetary Fund (IMF) interventions in emerging and developing countries shows that the IMF’s decisions are determined by political and economic causes. This article empirically investigates economic factors, showing that a country’s probability to sign an IMF arrangement can be predicted by looking at a core group of macroeconomic variables. Using discriminant analysis we develop a score function that allows us to predict a country’s future participation in IMF programmes. The study covers 153 emerging and developing countries, over more than 30 years (1980–2011) and 654 agreements, for both non-concessional and concessional loans. The …
Nowcasting Global Economic Growth: A Factor-Augmented Mixed-Frequency Approach
2014
Facing several economic and financial uncertainties, assessing accurately global economic conditions is a great challenge for economists. The International Monetary Fund proposes within its periodic World Economic Outlook report a measure of the global GDP annual growth, that is often considered as the benchmark nowcast by macroeconomists. In this paper, we put forward an alternative approach to provide monthly nowcasts of the annual global growth rate. Our approach builds on a Factor-Augmented MIxed DAta Sampling (FA-MIDAS) model that enables (i) to account for a large monthly database including various countries and sectors of the global economy and (ii) to nowcast a low-frequency macroec…
Starptautiskā valūtas fonda ietekme uz finansējuma saņēmējvalsts demokrātiju
2020
Maģistra darbā Starptautiskā Valūtas fonda ietekme uz finansējuma saņēmējvalsts demokrātiju apskatīta Starptautiskā Valūtas fonda kondicionalitāte Nabadzības mazināšanas un izaugsmes trasta Paplašinātās kredītlīnijas programmā noslēgtajās vienošanās Subsahāras Āfrikas valstu gadījumā un analizēts izvēlēto valstu gadījumos iekļautā kondicionalitāte ietekmē demokrātiju. Maģistra darbā apskatīts termins kondicionalitāte, Starptautiskā Valūtas fonda vēsture un funkcijas, pievēršot pastiprinātu uzmanību aizdevumu programmām un kondicionalitātei, sekojoši tiek ieskicēta Subsahāras Āfrikas ekonomikas vēsture un mūsdienu izaicinājumi. Aprakstot Kotdivuāras, Kenijas un Malāvijas gadījumus, tiek snie…
The International Monetary System in the Context of the Actual Financial Crisis. Change Proposals
2013
The International Monetary System (I.M.S.) has a crucial role in economy, representing the frame for a sustainable development of the economic relationships between states, while contributing at the progress of the world’s economies. Nowadays, this system confronts large difficulties, as a consequence of the lack of financial disciplinary instruments, meant at regulation and coordination. The actual economic-financial crisis proved the limits of the present I.M.S., reason why it is now under “reconstruction”. In this direction, there is a series of reforms that can be implemented, so that the new architecture of the system is much more solid.