How Long to Read Repeated Use of IMF-Supported Programs: Determinants and Forecasting

How Long Does it Take to Read Repeated Use of IMF-Supported Programs: Determinants and Forecasting?

It takes the average reader and 49 minutes to read Repeated Use of IMF-Supported Programs: Determinants and Forecasting by Martin Iseringhausen

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper studies the determinants of repeated use of Fund-supported programs in a large sample covering virtually all General Resources Account (GRA) arrangements that were approved between 1952 and 2012. Generally, the revolving nature of the IMF’s resources calls for the temporary sup-port of member countries to address balance of payments problems while repeated use has often been viewed as program failure. First, using probit models we show that a small number of country-specific variables such as growth, the current account balance, the international reserves position, and the institutional framework play a significant role in explaining repeated use. Second, we discuss the role of IMF-specific and program-specific variables and find evidence that a country’s track record with the Fund is a good predictor of repeated use. Finally, we conduct an out-of-sample forecasting exer-cise. While our approach has predictive power for repeated use, exact forecasting remains challenging. From a policy perspective, the results could prove useful to assess the risk IMF programs pose to the revolving nature of the Fund’s financial resources.

How long is Repeated Use of IMF-Supported Programs: Determinants and Forecasting?

Repeated Use of IMF-Supported Programs: Determinants and Forecasting by Martin Iseringhausen is 48 pages long, and a total of 12,384 words.

This makes it 16% the length of the average book. It also has 15% more words than the average book.

How Long Does it Take to Read Repeated Use of IMF-Supported Programs: Determinants and Forecasting Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 7 minutes to read Repeated Use of IMF-Supported Programs: Determinants and Forecasting aloud.

What Reading Level is Repeated Use of IMF-Supported Programs: Determinants and Forecasting?

Repeated Use of IMF-Supported Programs: Determinants and Forecasting is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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