Franklin

IMF Lending and Banking Crises. [electronic resource]

Author/Creator:
Papi, Luca
Publication:
Washington, D.C. : International Monetary Fund, 2015.
Series:
IMF eLibrary
IMF Working Papers
IMF Working Papers
Format/Description:
Government document
Book
1 online resource (56 p.)
Local subjects:
Banking Crisis
Banking Crises
Cross Country Analysis
Crisis Prevention
Conditionality
Summary:
This paper looks at the effects of International Monetary Fund (IMF) lending programs on banking crises in a large sample of developing countries, over the period 1970-2010. The endogeneity of the IMF intervention is addressed by adopting an instrumental variable strategy and a propensity score matching estimator. Controlling for the standard determinants of banking crises, our results indicate that countries participating in IMF-supported lending programs are significantly less likely to experience a future banking crisis than nonborrowing countries. We also provide evidence suggesting that compliance with conditionality and loan size matter.
Notes:
Part of the IMF eLibrary collection.
Description based on print version record.
Contributor:
Papi, Luca
Other format:
Print Version: Papi, Luca IMF Lending and Banking Crises
ISBN:
1484308697
9781484308691
ISSN:
1018-5941
Publisher Number:
10.5089/9781484308691.001 doi
Access Restriction:
Restricted for use by site license.
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