Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/3809

TitleDoes IMF support accelerate inflation stabilization?
Author(s)Veiga, Francisco José
KeywordsIMF arrangements
Stabilization
Inflation
Timing
Issue date2005
PublisherSpringer
JournalOpen economies review
Citation"Open economies review". ISSN 0923-7992. 16:4 (2005) 321-340.
Abstract(s)This paper analyzes the effects of International Monetary Fund (IMF) arrangements on the timing of inflation stabilization programs. By providing financial support that may allow the reduction of inflation without incurring politically unacceptable economic costs, the IMF can hasten stabilization. But, since support can also reduce the costs of inflation, it may instead delay it. Empirical results obtained for 10 countries that suffered from chronic inflation fail to support the hypothesis that IMF financial assistance accelerates stabilization. Rather, they indicate that other factors have a greater impact on the timing of stabilizations: greater fragmentation of the political system delays stabilization, while a higher level of inflation hastens it.
TypeArticle
URIhttp://hdl.handle.net/1822/3809
DOI10.1007/s11079-005-4738-0
ISSN0923-7992
Publisher versionwww.springerlink.com
Peer-Reviewedyes
AccessOpen access
Appears in Collections:NIPE - Artigos Noutras Revistas, com Arbitragem Científica

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