F34 - International Lending and Debt Problems - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T21:22:28+00:00IMF-Supported Adjustment Programs: Welfare Implications and the Catalytic Effect
https://www.bankofcanada.ca/2007/03/working-paper-2007-22/
The author studies the welfare implications of adjustment programs supported by the International Monetary Fund (IMF). He uses a model where an endogenous borrowing constraint, set up by international lenders who will never lend more than a debt ceiling, forces the borrowing economy to always choose repayment over default.2007-03-09T11:15:11+00:00enIMF-Supported Adjustment Programs: Welfare Implications and the Catalytic Effect2007-03-09International topicsWorking Paper 2007-22 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-22.pdfIMF-Supported Adjustment Programs: Welfare Implications and the Catalytic EffectCarlos De ResendeMarch 2007FF3F32F33F34F4F41