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Determinants of IMF lending: How different is Sub-Saharan Africa?

Doris Oberdabernig

Economics Bulletin, 2018, vol. 38, issue 1, 136-145

Abstract: The initiation of IMF agreements in Sub-Saharan Africa (SSA) follows an inherently different process than in other regions. While economic conditions explain part of the difference in lending decisions, some economic but also political factors have systematically different effects on IMF lending in SSA. Studies that account for selection into IMF programs should take this into account in order to increase the reliability of their findings.

Keywords: IMF lending programs; Sub-Saharan Africa; Bayesian logit models; Blinder-Oaxaca decomposition (search for similar items in EconPapers)
JEL-codes: O1 C5 (search for similar items in EconPapers)
Date: 2018-01-24
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