Kas lemia skirtingus Tarptautinio Valiutos Fondo programų rezultatus skirtingose valstybėse? /
The International Monetary Fund is one of the primary institutions that provides financial assistance for countries in need. Reasons for requesting financial help differ from country to country, therefore IMF uses different instruments that correspond to all the needs. However, it is interesting tha...
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Format: | Bachelor Thesis |
Language: | Lithuanian English |
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Institutional Repository of Vilnius University
2023
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Online Access: | https://repository.vu.lt/VU:ELABAETD192838188&prefLang=en_US |
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ftvilniusuniv:oai:vu.lt:elaba:192838188 2024-05-12T08:06:01+00:00 Kas lemia skirtingus Tarptautinio Valiutos Fondo programų rezultatus skirtingose valstybėse? / What causes differing outcomes of the international monetary fund programs in various countries? Šliokaitis, Deividas 2023 application/pdf https://repository.vu.lt/VU:ELABAETD192838188&prefLang=en_US lit eng lit eng Institutional Repository of Vilnius University https://epublications.vu.lt/object/elaba:192838188/192838188.pdf https://repository.vu.lt/VU:ELABAETD192838188&prefLang=en_US info:eu-repo/semantics/openAccess info:eu-repo/semantics/bachelorThesis 2023 ftvilniusuniv 2024-04-12T01:04:34Z The International Monetary Fund is one of the primary institutions that provides financial assistance for countries in need. Reasons for requesting financial help differ from country to country, therefore IMF uses different instruments that correspond to all the needs. However, it is interesting that for some countries like Portugal or Iceland, a one-time bailout helps to solve balance of payments problems, but other countries like Peru or Romania seem to be stuck in a never-ending cycle of borrowing from the IMF. This research focuses on finding possible explanations for this phenomenon. As a possible explanation, 4 different independent variables were identified: type of the IMF program, change in government, structural reforms, and success of the program where 3 economic indicators (current account balance, inflation, and GDP growth) were evaluated. Countries that borrowed from IMF were divided into 2 groups: countries that borrowed not more than 2 times and countries that borrowed from the IMF more than 2 times. Bosnia and Hercegovina, Georgia, and Romania were analyzed as constant borrowers while Hungary, Ireland, and Portugal were analyzed as one-time borrowers. To examine the findings, the method of one difference and one similarity was used. The analysis provided the information that the main explanation of constant borrowing in the context of this research is not fully completed structural reforms. A variable of structural reforms was also connected with the change of government and the success of program variables. All analyzed programs with incomplete structural reforms proved to be unsuccessful and led countries to recurrent borrowing. The only exceptions of not borrowing after failed structural reforms were Hungary and Romania’s last program which were influenced by domestic political factors. This leads us to additional findings that political instability in the country has a negative effect on implementing structural reforms. If the government does not demonstrate a complete commitment to ... Bachelor Thesis Iceland Vilnius University Virtual Library (VU VL) |
institution |
Open Polar |
collection |
Vilnius University Virtual Library (VU VL) |
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ftvilniusuniv |
language |
Lithuanian English |
description |
The International Monetary Fund is one of the primary institutions that provides financial assistance for countries in need. Reasons for requesting financial help differ from country to country, therefore IMF uses different instruments that correspond to all the needs. However, it is interesting that for some countries like Portugal or Iceland, a one-time bailout helps to solve balance of payments problems, but other countries like Peru or Romania seem to be stuck in a never-ending cycle of borrowing from the IMF. This research focuses on finding possible explanations for this phenomenon. As a possible explanation, 4 different independent variables were identified: type of the IMF program, change in government, structural reforms, and success of the program where 3 economic indicators (current account balance, inflation, and GDP growth) were evaluated. Countries that borrowed from IMF were divided into 2 groups: countries that borrowed not more than 2 times and countries that borrowed from the IMF more than 2 times. Bosnia and Hercegovina, Georgia, and Romania were analyzed as constant borrowers while Hungary, Ireland, and Portugal were analyzed as one-time borrowers. To examine the findings, the method of one difference and one similarity was used. The analysis provided the information that the main explanation of constant borrowing in the context of this research is not fully completed structural reforms. A variable of structural reforms was also connected with the change of government and the success of program variables. All analyzed programs with incomplete structural reforms proved to be unsuccessful and led countries to recurrent borrowing. The only exceptions of not borrowing after failed structural reforms were Hungary and Romania’s last program which were influenced by domestic political factors. This leads us to additional findings that political instability in the country has a negative effect on implementing structural reforms. If the government does not demonstrate a complete commitment to ... |
format |
Bachelor Thesis |
author |
Šliokaitis, Deividas |
spellingShingle |
Šliokaitis, Deividas Kas lemia skirtingus Tarptautinio Valiutos Fondo programų rezultatus skirtingose valstybėse? / |
author_facet |
Šliokaitis, Deividas |
author_sort |
Šliokaitis, Deividas |
title |
Kas lemia skirtingus Tarptautinio Valiutos Fondo programų rezultatus skirtingose valstybėse? / |
title_short |
Kas lemia skirtingus Tarptautinio Valiutos Fondo programų rezultatus skirtingose valstybėse? / |
title_full |
Kas lemia skirtingus Tarptautinio Valiutos Fondo programų rezultatus skirtingose valstybėse? / |
title_fullStr |
Kas lemia skirtingus Tarptautinio Valiutos Fondo programų rezultatus skirtingose valstybėse? / |
title_full_unstemmed |
Kas lemia skirtingus Tarptautinio Valiutos Fondo programų rezultatus skirtingose valstybėse? / |
title_sort |
kas lemia skirtingus tarptautinio valiutos fondo programų rezultatus skirtingose valstybėse? / |
publisher |
Institutional Repository of Vilnius University |
publishDate |
2023 |
url |
https://repository.vu.lt/VU:ELABAETD192838188&prefLang=en_US |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
https://epublications.vu.lt/object/elaba:192838188/192838188.pdf https://repository.vu.lt/VU:ELABAETD192838188&prefLang=en_US |
op_rights |
info:eu-repo/semantics/openAccess |
_version_ |
1798848419046883328 |