It takes the average reader and 39 minutes to read The Impact of Bailouts on the Probability of Sovereign Debt Crises: Evidence from IMF-Supported Programs by Hippolyte W. Balima
Assuming a reading speed of 250 words per minute. Learn more
This paper studies the role of IMF-supported programs in mitigating the likelihood of subsequent sovereign defaults in borrowing countries. Using a panel of 106 developing countries from 1970 to 2016 and an entropy balancing methodology, we find that IMF-supported programs significantly reduce the likelihood of subsequent sovereign defaults. This finding is robust to different specifications of the entropy balancing and alternative identification strategies. Our results suggest that a country that signs a program with the IMF, typically experiences a slight improvement in its sovereign credit rating and a decrease in both government debt-to-GDP and fiscal deficit-to-GDP.
The Impact of Bailouts on the Probability of Sovereign Debt Crises: Evidence from IMF-Supported Programs by Hippolyte W. Balima is 38 pages long, and a total of 9,804 words.
This makes it 13% the length of the average book. It also has 12% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 53 minutes to read The Impact of Bailouts on the Probability of Sovereign Debt Crises: Evidence from IMF-Supported Programs aloud.
The Impact of Bailouts on the Probability of Sovereign Debt Crises: Evidence from IMF-Supported Programs is suitable for students ages 8 and up.
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