Does membership on the UN Security Council influence IMF conditionality?

Axel Dreher, Jan-Egbert Sturm and James Vreeland

No 36, Courant Research Centre: Poverty, Equity and Growth - Discussion Papers from Courant Research Centre PEG

Abstract: We investigate whether elected members of the United Nations Security Council receive favorable treatment from the International Monetary Fund (IMF), analyzing panel data on the level of conditionality attached to (a maximum of) 314 IMF arrangements with 101 countries over the period of 1992 to 2008. We find a negative relationship: Security Council members receive about 30 percent fewer conditions attached to the loans that they receive from the IMF. We conclude that conditionality is softer for these countries because the major shareholders of the IMF desire influence over the Security Council.

Keywords: IMF; UN Security Council; Voting; Aid; Conditionality (search for similar items in EconPapers)
JEL-codes: F35 O11 O19 (search for similar items in EconPapers)
Date: 2010-06-29
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Related works:
Working Paper: Does Membership on the UN Security Council Influence IMF Conditionality? (2010)
Working Paper: Does membership on the UN security council influence IMF conditionality? (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:got:gotcrc:036

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