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Investor Responses to IMF Program Suspensions: Is Noncompliance Costly?

Objective. This article reinvestigates the "catalytic" effects of IMF programs on investment controlling for the implementation of the program, allowing us to ascertain if capital markets respond to the mere announcement of a Fund program or its sustained positive implementation. Methods. Using a... Full description

1st Person: Edwards, Martin S.
Source: in Social Science Quarterly Vol. 86, No. 4 (2005), p. 857-873
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Type of Publication: Article
Language: English
Published: 2005
Keywords: research-article
Online: Volltext
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