IMF resources may influence EM creditworthiness – paper
Level of fund resources more important than means of lending, researcher argues
The amount of resources available for lending by the International Monetary Fund may affect the perceived creditworthiness of emerging market (EM) countries, says a working paper issued by the Bank of Italy.
In The IMF safety net and emerging markets' sovereign spreads, Claudia Maurini attempts to assess the effectiveness of the IMF as a component of the global financial safety net (GFSN).
She does this by running a panel regression on a sample of the spreads on debt instruments issued by EM
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