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The Determinants of IMF Loan Programs

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  • Matteo Alessandro Bobba

    (University of "Bocconi", Milano)

Abstract

This paper focuses on the bargaining process underlying financial arrangements between the IMF and recipient countries. The primary aim is to investigate the relationship between the own country characteristics, both in terms of macroeconomic conditions and bargaining power, and the outcome of the agreement with the Fund. IMF lending practices respond to economic conditions but are also sensitive to other factors that reflect the importance of the country within the international financial community (measured by the bilateral trade volume between the country and the OECD countries and by debt service) and the importance of the country within the international politics (measured by the UN voting patterns between the country and the USA, the colonial past and by country share of IMF quotas).

Suggested Citation

  • Matteo Alessandro Bobba, 2004. "The Determinants of IMF Loan Programs," Rivista di Politica Economica, SIPI Spa, vol. 94(6), pages 21-48, November-.
    • Handle: RePEc:rpo:ripoec:v:94:y:2004:i:6:p:21-48
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    File URL: http://www.rivistapoliticaeconomica.it/2004/nov-dic/BobbaING.pdf
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    References listed on IDEAS

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    Cited by:

    1. Presbitero, Andrea F. & Zazzaro, Alberto, 2012. "IMF Lending in Times of Crisis: Political Influences and Crisis Prevention," World Development, Elsevier, vol. 40(10), pages 1944-1969.

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    JEL classification:

    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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