کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
964756 | 930600 | 2010 | 14 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Does the global fireman inadvertently add fuel to the fire? New evidence from institutional investors' response to IMF program announcements
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
Fighting global financial crises is a primary charge of the IMF. Yet it has often been criticized to have hindered rather than helped the recovery of many countries in a crisis by demanding policy changes that may not be appropriate for them in that particular moment. Such actions would tend to damage investor confidence. Using monthly data on investment in 94 developing countries by 168 institutional investors during 1996–2005, this paper re-assesses this important question. We find that the IMF has typically restored rather than reduced investor confidence.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Money and Finance - Volume 29, Issue 4, June 2010, Pages 728–741
Journal: Journal of International Money and Finance - Volume 29, Issue 4, June 2010, Pages 728–741
نویسندگان
Shang-Jin Wei, Zhiwei Zhang, Qingyuan Du,