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| Author: | Plaut, S.E. Melnik, A.L. |
| Title: | International institutional lending arrangements to sovereign borrowers |
| Journal: | Journal of International Money and Finance
2003 : AUG, VOL. 22:4, p. 459-481 |
| Index terms: | Credit Debt IMF Signaling |
| Language: | eng |
| Abstract: | Since April 1999, longer-term credit lines are being offered by the IMF, designed to be awarded to healthy countries before they experience contagion or distress. The advantages of this form of IMF lending and this new trend in IMF operations are evaluated in this paper. It is argued that provision of IMF financing through such long-term lending facilities is better in some cases than shorter-term lending. |
SCIMA