01742cas a2200265 a 4500 AALejournalIMF003243 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451860047 1018-5941 BD-DhAAL BD-DhAAL Bordo, Michael. Keeping Capital Flowing : The Role of the IMF / Michael Bordo, Ashoka Mody, Nienke Oomes. Washington, D.C. : International Monetary Fund, 2004. 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 In this paper, we examine the IMF's role in maintaining the access of emerging market economies to international capital markets. We find evidence that both macroeconomic aggregates and capital flows improve following the adoption of an IMF-supported program, although they may initially deteriorate somewhat. Consistent with theoretical predictions and earlier empirical findings, we find that IMF-supported programs are most successful in improving capital flows to countries with bad, but not very bad fundamentals. In such countries, IMF-supported programs are also associated with improvements in the fundamentals themselves. Mode of access: Internet Mody, Ashoka. Oomes, Nienke. IMF Working Papers; Working Paper ; No. 2004/197 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/197/001.2004.issue-197-en.xml IMF e-Library