01699cas a2200241 a 4500 AALejournalIMF002706 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451875553 1018-5941 BD-DhAAL BD-DhAAL Benelli, Roberto. Do IMF-Supported Programs Boost Private Capital Inflows? : The Role of Program Size and Policy Adjustment / Roberto Benelli. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (35 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students I analyze empirically whether program size (the size of financial assistance) and policy adjustment matter for the success of IMF-supported programs. I define a program as successful if the initial program projections for net private capital flows are met or exceeded. I find that success is negatively associated with the size of financial assistance, especially in countries with market access, and that projection biases binding constraints on the amount of IMF lending may account for this association. Moreover, policy adjustment seems to have a causal positive effect on the likelihood of program success. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2003/231 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/231/001.2003.issue-231-en.xml IMF e-Library