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Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/25105

Title: Do credit markets have faith in IMF imprimatur?
Authors: Altunbas, Yener
Chakravarty, Shanti P.
Kara, Alper
Keywords: International Monetary Fund (IMF)
Capital markets
Issue Date: 2006
Publisher: © Serials Publications (New Delhi)
Citation: ALTUNBAS, Y., CHAKRAVARTY, S. and ALPER, K., 2006. Do credit markets have faith in IMF imprimatur? Journal of World Economic Review, 1 (2), pp.221-239.
Abstract: This paper examines the effect of the IMF imprimatur on the cost of borrowing in the international capital markets by investigating over 2600 loan contracts issued to public and private sector borrowers located in countries experiencing balance of payments problems between 1993 and 2001. The data are grouped into two samples. Both the samples comprise countries characterised by similar balance of payments problems, but only one of them comprise countries that have availed of IMF assistance. The IMF assisted countries paid more for short term loans and had obtained fewer long term loans compared to their non-IMF peers for the financing of similar purpose projects.
Version: Accepted for publication
URI: https://dspace.lboro.ac.uk/2134/25105
Publisher Link: http://www.serialspublications.com/
ISSN: 0973-4368
Appears in Collections:Published Articles (Business School)

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