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Does Membership on the UN Security Council Influence IMF Decisions? : Evidence from Panel Data

Author: Axel Dreher; Jan-Egbert Sturm; James Raymond Vreeland
Publisher: München : CESifo, Center for Economic Studies & Ifo Institute for economic research, 2006.
Series: CESifo working paper series, 1808.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
We investigate whether temporary members of the UN Security Council receive favorable treatment from the IMF, using panel data for 191 countries over the period 1951 to 2004. Our results indicate a robust positive relationship between temporary UN Security Council membership and participation in IMF programs, even after accounting for economic and political factors, as well as regional and country effects, and  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Axel Dreher; Jan-Egbert Sturm; James Raymond Vreeland
OCLC Number: 429460676
Description: 1 online resource (Text.)
Series Title: CESifo working paper series, 1808.
Responsibility: Axel Dreher, Jan-Egbert Sturm, James Raymond Vreeland.

Abstract:

We investigate whether temporary members of the UN Security Council receive favorable treatment from the IMF, using panel data for 191 countries over the period 1951 to 2004. Our results indicate a robust positive relationship between temporary UN Security Council membership and participation in IMF programs, even after accounting for economic and political factors, as well as regional and country effects, and duration dependence. There is also evidence that UNSC membership reduces the number of conditions included in IMF programs. The size of the loan, however, is not affected by UNSC membership.

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