The Impact of Bailouts on the Probability of Sovereign Debt Crises : Evidence from IMF-Supported Programs /
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 l...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2019.
|
| Series: | IMF Working Papers; Working Paper ;
No. 2019/002 |
| Online Access: | Full text available on IMF |