01732cas a2200241 a 4500 AALejournalIMF006160 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451874082 1018-5941 BD-DhAAL BD-DhAAL Bal Gunduz, Yasemin. Estimating Demand for IMF Financing by Low-Income Countries in Response to Shocks / Yasemin Bal Gunduz. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (55 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 estimates factors affecting demand for Fund financing by Low-Income Countries (LICs) in response to policy and exogenous shocks. Various economic variables including reserve coverage, current account balance to GDP, real GDP growth, macroeconomic stability, and terms of trade shocks are found to be significant determinants of Fund financing. Moreover, global conditions, including changes in real oil and non-oil commodity prices and world trade, are also significant. Therefore, the demand for Fund financing by LICs is likely to be cyclical in response to common shocks with its intensity depending on the severity and persistence of adverse shocks. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2009/263 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/263/001.2009.issue-263-en.xml IMF e-Library