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Time Present and Time Past: A Duration Analysis of IMF Program Spells
Social Science Research Network
The programs of the International Monetary Fund were originally designed to provide short-term assistance to countries implementing policies to address balance of payments disequilibria. In recent decades, however, the Fund has instituted new facilities with longer time horizons, while many developing countries have adopted consecutive programs. As a result, the length of time spent by countries in IMF programs has grown, and in some cases has extended over a decade. This paper analyzes the IMFdoi:10.2139/ssrn.267356 fatcat:amnaq66thrgizbv2ld5sczwvva