01808cas a2200253 a 4500 AALejournalIMF018819 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484393413 1018-5941 BD-DhAAL BD-DhAAL Balima, Hippolyte. The Impact of Bailouts on the Probability of Sovereign Debt Crises : Evidence from IMF-Supported Programs / Hippolyte Balima, Amadou Sy. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (38 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 studies the role of IMF-supported programs in mitigating the likelihood of subsequent sovereign defaults in borrowing countries. Using a panel of 106 developing countries from 1970 to 2016 and an entropy balancing methodology, we find that IMF-supported programs significantly reduce the likelihood of subsequent sovereign defaults. This finding is robust to different specifications of the entropy balancing and alternative identification strategies. Our results suggest that a country that signs a program with the IMF, typically experiences a slight improvement in its sovereign credit rating and a decrease in both government debt-to-GDP and fiscal deficit-to-GDP. Mode of access: Internet Sy, Amadou. IMF Working Papers; Working Paper ; No. 2019/002 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/002/001.2019.issue-002-en.xml IMF e-Library