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The impact of IMF financial aid on economic growth and inflation
dc.contributor.advisorHorváth, Roman
dc.creatorCovalenco, Valeri
dc.date.accessioned2017-06-01T07:53:22Z
dc.date.available2017-06-01T07:53:22Z
dc.date.issued2017
dc.identifier.urihttp://hdl.handle.net/20.500.11956/2197
dc.description.abstractThe International Monetary Fund was created to promote financial stability, global monetary cooperation, high employment, international trade and sustainable economic growth. Together with the World Bank, IMF has a "monopoly" on offering loan programs for countries in deep crises or for development projects. In this thesis, we examine the effect of IMF, i.e. loan size and quotas, on the economic growth and inflation rate, by applying a dynamic panel regression on our dataset. In addition, we look at how the IMF Quotas influence the size of the loans. Our empirical results display significant evidence that IMF loans influence the GDP growth in a positive manner, in the medium term. Both Control of Corruption and Voice & Accountability have a negative influence on the economic growth. In other words, less corruption and stronger civil rights will halt the growth level of the economy. We also determined that IMF Quotas is not a robust indicator of the loan size. It is only driven by the past loan levels. Regarding Inflation determinants, IMF loans are not affecting the Inflation in a significant manner, while FDI and Control of Corruption - do. FDI exercises a positive influence on the CPI, while perception of less corruption has a negative effect on Inflation rate. JEL Classification D73, E31, F12,...en_US
dc.languageEnglishcs_CZ
dc.language.isoen_US
dc.publisherUniverzita Karlova, Fakulta sociálních vědcs_CZ
dc.subjectIMFcs_CZ
dc.subjectConditionalitycs_CZ
dc.subjectQuotascs_CZ
dc.subjectGDPcs_CZ
dc.subjectInflationcs_CZ
dc.subjectCorruptioncs_CZ
dc.subjectVoice &ampcs_CZ
dc.subjectAccountabilitycs_CZ
dc.subjectFDIcs_CZ
dc.subjectIMFen_US
dc.subjectConditionalityen_US
dc.subjectQuotasen_US
dc.subjectGDPen_US
dc.subjectInflationen_US
dc.subjectCorruptionen_US
dc.subjectVoice &ampen_US
dc.subjectAccountabilityen_US
dc.subjectFDIen_US
dc.titleThe impact of IMF financial aid on economic growth and inflationen_US
dc.typediplomová prácecs_CZ
dcterms.created2017
dcterms.dateAccepted2017-02-08
dc.description.departmentInstitute of Economic Studiesen_US
dc.description.departmentInstitut ekonomických studiícs_CZ
dc.description.facultyFakulta sociálních vědcs_CZ
dc.description.facultyFaculty of Social Sciencesen_US
dc.identifier.repId185598
dc.title.translatedThe impact of IMF financial aid on economic growth and inflationcs_CZ
dc.contributor.refereeMejstřík, Michal
dc.identifier.aleph002126624
thesis.degree.nameMgr.
thesis.degree.levelnavazující magisterskécs_CZ
thesis.degree.disciplineEkonomie a financecs_CZ
thesis.degree.disciplineEconomics and Financeen_US
thesis.degree.programEkonomické teoriecs_CZ
thesis.degree.programEconomicsen_US
uk.thesis.typediplomová prácecs_CZ
uk.taxonomy.organization-csFakulta sociálních věd::Institut ekonomických studiícs_CZ
uk.taxonomy.organization-enFaculty of Social Sciences::Institute of Economic Studiesen_US
uk.faculty-name.csFakulta sociálních vědcs_CZ
uk.faculty-name.enFaculty of Social Sciencesen_US
uk.faculty-abbr.csFSVcs_CZ
uk.degree-discipline.csEkonomie a financecs_CZ
uk.degree-discipline.enEconomics and Financeen_US
uk.degree-program.csEkonomické teoriecs_CZ
uk.degree-program.enEconomicsen_US
thesis.grade.csDobřecs_CZ
thesis.grade.enGooden_US
uk.abstract.enThe International Monetary Fund was created to promote financial stability, global monetary cooperation, high employment, international trade and sustainable economic growth. Together with the World Bank, IMF has a "monopoly" on offering loan programs for countries in deep crises or for development projects. In this thesis, we examine the effect of IMF, i.e. loan size and quotas, on the economic growth and inflation rate, by applying a dynamic panel regression on our dataset. In addition, we look at how the IMF Quotas influence the size of the loans. Our empirical results display significant evidence that IMF loans influence the GDP growth in a positive manner, in the medium term. Both Control of Corruption and Voice & Accountability have a negative influence on the economic growth. In other words, less corruption and stronger civil rights will halt the growth level of the economy. We also determined that IMF Quotas is not a robust indicator of the loan size. It is only driven by the past loan levels. Regarding Inflation determinants, IMF loans are not affecting the Inflation in a significant manner, while FDI and Control of Corruption - do. FDI exercises a positive influence on the CPI, while perception of less corruption has a negative effect on Inflation rate. JEL Classification D73, E31, F12,...en_US
uk.file-availabilityV
uk.publication.placePrahacs_CZ
uk.grantorUniverzita Karlova, Fakulta sociálních věd, Institut ekonomických studiícs_CZ
dc.identifier.lisID990021266240106986


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