文章基本信息

标题：The financial benefits of the IMF
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作者：Age F. P. Bakker ; Martijn A. Schrijvers
期刊名称：PSL Quarterly Review
印刷版ISSN：2037-3643
出版年度：2012
卷号：53
期号：214
语种：English
出版社：Economia civile
摘要：The IMF provides loans to countries in financial distress at a relatively low interest rate. In this article we calculate how much the seven largest debtors to the IMF have saved on interest payments during the Asian crisis and its aftermath. We explain how the IMF can charge these low interest rates and at what cost for creditor countries. The conditionality attached to the use of IMF resources in the form of policy measures reduces moral hazard behaviour; we argue that this is a better instrument than raising interest rates on IMF loans. JEL Codes: F34, F32, F33, O16 Keywords: IMF
关键词：IMF