IMF programs and reforms — inhibition or encouragement?

descriptionPublicationkeyboard_double_arrow_right Article 01 Jun 2007 English Publisher:Elsevier BVJournal:Economics Letters, volume 95, pages 320-326 (issn: 0165-1765,

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Authors: Axel Dreher; Sarah M. Rupprecht;

doi: 10.1016/j.econlet.2006.10.010

IMF programs and reforms — inhibition or encouragement?

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Abstract

Abstract We analyze the impact of International Monetary Fund (IMF) programs on market-oriented reforms. Employing panel data for 116 countries over the period 1970–2000 we find that the net effect of IMF programs on reforms is negative.

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