Assessing the EMBI Impact of IMF Agreements : An Event Study

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dc.contributor.MentorGarcía Cicco, Javier
dc.creator.AutorArias, Julián Nicolás
dc.date.accessioned2024-06-07T12:37:35Z
dc.date.available2024-06-07T12:37:35Z
dc.date.issued2024
dc.descriptionFil: Arias, Julián Nicolás. Universidad de San Andrés. Departamento de Economía; Argentina.
dc.description.abstractThe International Monetary Fund (IMF) plays a significant role on a global scale, functioning as a lender of last resort to evade financial or balance of payments crises in developing countries. This paper aims to evaluate the effects of various key dates of such programs. High frequency EMBI data is combined with a novel database including the exact days of mission initiation, plan size, and signature of the Stand-By Arrangement (SBA) and Extended Fund Facility (EFF) programs are employed to answer this question. In the years before 2008, the signing of the plan had a detrimental effect on the EMBI, while the beginning of the mission appeared to have no impact. However, from 2008 onwards, the start day of the mission begins to play a significant role in determining the future expectations of the program. This start day, in particular, has a negative impact on the EMBI, whereas the day of the plan size announcement or plan signing does not seem to have any effect.
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dc.identifier.citationArias, J. N. (2024). Assessing the EMBI Impact of IMF Agreements : An Event Study. [Tesis de maestría, Universidad de San Andrés. Departamento de Economía]. Repositorio Digital San Andrés. http://hdl.handle.net/10908/23822
dc.identifier.urihttp://hdl.handle.net/10908/23822
dc.languageeng
dc.publisherUniversidad de San Andrés. Departamento de Economía
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rightshttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.titleAssessing the EMBI Impact of IMF Agreements : An Event Study
dc.typeTesis
dc.typeinfo:eu-repo/semantics/masterThesis
dc.typeinfo:ar-repo/semantics/tesis de maestría
dc.typeinfo:eu-repo/semantics/updatedVersion
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