Does membership on the UN Security Council influence IMF conditionality?

• Verfasst von: Dreher, Axel
• Verfasst von: Sturm, Jan-Egbert
• Verfasst von: Vreeland, James Raymond
• Titel: Does membership on the UN Security Council influence IMF conditionality?
• Verf.angabe: Axel Dreher, Jan-Egbert Sturm and James Raymond Vreeland
• Verlagsort: Göttingen
• Verlag: [Courant Research Centre: Poverty, Equity and Growth]
• Jahr: 2010
• Umfang: 26 S.
• Illustrationen: graph. Darst.
• Gesamttitel/Reihe: Discussion papers / Courant Research Centre "Poverty, Equity and Growth in Developing and Transition Countries" ; 36
• ComputerInfo: Systemvoraussetzung: Acrobat Reader.
• Datenträger: Online-Ressource
• Sprache: eng
• Sach-SW: IMF
• Sach-SW: UN Security Council
• Sach-SW: Voting
• Sach-SW: Aid
• Sach-SW: Conditionality
• Form-SW: Arbeitspapier
• Form-SW: Graue Literatur
• K10plus-PPN: 782326323

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.