01819cas a2200253 a 4500 AALejournalIMF003862 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451862492 1018-5941 BD-DhAAL BD-DhAAL Kronenberg, Roger. Financial Sector Conditionality : Is Tougher Better? / Roger Kronenberg, Alessandro Giustiniani. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (34 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 The aim of this paper is to take a closer look at IMF conditionality in the banking sector. Our analysis shows that while such conditionality became more stringent following the Asian crisis, compliance has remained broadly unchanged, comparing unfavorably with other structural reforms. The results of panel data regressions show that while compliance with IMF-supported banking sector reform strategies has contributed to an improvement in banking sector performance, increases in the hardness and intensity of IMF conditionality may not be, ceteris paribus, effective. The policy implication is that the IMF should, therefore, continue its efforts in enhancing countries' ownership and streamlining conditionality. Mode of access: Internet Giustiniani, Alessandro. IMF Working Papers; Working Paper ; No. 2005/230 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/230/001.2005.issue-230-en.xml IMF e-Library