Series: IMF Working Papers
Author(s): Michael Bordo , Ashoka Mody , and Nienke Oomes
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2004
Keywords: catalytic finance, capital markets, international capital markets, international capital, access to international capital, International Monetary Arrangements and Institutions,
In this paper, we examine the IMF's role in maintaining the access of emerging market economies to international capital markets. We find evidence that both macroeconomic aggregates and capital flows improve follow...