01933cas a2200313 a 4500 AALejournalIMF014734 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498349727 1018-5941 BD-DhAAL BD-DhAAL Ahokpossi, Calixte. A Constrained Choice? : Impact of Concessionality Requirements on Borrowing Behavior / Calixte Ahokpossi, Laurence Allain, Giovanna Bua. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (41 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 uses the propensity matching score approach to assess the impact of the IMF's debt limits policy (DLP) on borrowing behavior in countries eligible to borrow from its concessional lending window. The paper finds that countries under the DLP borrow significantly higher amounts of concessional resources. However, there is no evidence that the DLP significantly impacts the level of non-concessional borrowing nor the terms of such borrowing. This result is confirmed by the heterogeneity analysis, suggesting that the level of development, rather than concessionality requirements, is the key driver of non-concessional borrowing. Mode of access: Internet Debt Limits Policy imf IMF Program imf Program imf WP imf Allain, Laurence. Bua, Giovanna. IMF Working Papers; Working Paper ; No. 2014/176 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/176/001.2014.issue-176-en.xml IMF e-Library