01921cas a2200253 a 4500 AALejournalIMF004364 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451977967 1018-5941 BD-DhAAL BD-DhAAL Santaella, Julio. Economic Determinants of Fund Financial Arrangements / Julio Santaella, Malcolm Knight. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (48 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 This paper analyses empirically the economic factors that lead to approval of Fund financial arrangements. We account for both the economic variables that induce a country to seek an arrangement with the Fund ("demand-side" factors) and the macroeconomic policy commitments that the Fund considers when deciding whether to approve it ("supply-side" factors). Using a pooled sample of annual observations for 91 developing countries over 1973-1991, we obtain maximum likelihood estimates of bivariate and univariate probit equations to determine the probability of approval of a financial arrangement for a given country in a given year. A number of our chosen demand-side and supply-side variables are statistically significant determinants of the approval of a Fund arrangement, and the overall explanatory power of the equations is high. Mode of access: Internet Knight, Malcolm. IMF Working Papers; Working Paper ; No. 1994/036 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/036/001.1994.issue-036-en.xml IMF e-Library