01796cas a2200265 a 4500 AALejournalIMF009025 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451863611 1018-5941 BD-DhAAL BD-DhAAL Eichengreen, Barry. Sudden Stops and IMF-Supported Programs / Barry Eichengreen, Poonam Gupta, Ashoka Mody. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (53 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 Could a high-access, quick-disbursing "insurance facility" in the IMF help to reduce the incidence of sharp interruptions in capital flows ("sudden stops")? We contribute to the debate around this question by analyzing the impact of conventional IMF-supported programs on the incidence of sudden stops. Correcting for the non-random assignment of programs, we find that sudden stops are fewer and generally less severe when an IMF arrangement exists and that this form of "insurance" works best for countries with strong fundamentals. In contrast there is no evidence that a Fund-supported program attenuates the output effects of capital account reversals if these nonetheless occur. Mode of access: Internet Gupta, Poonam. Mody, Ashoka. IMF Working Papers; Working Paper ; No. 2006/101 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/101/001.2006.issue-101-en.xml IMF e-Library