The name is absent

Study____________

Dep. variable___________

Model/Est. meth.

Signi...cant regressors

Bird and Orme
(1981)

Drawings on the IMF

OLS

Current acc./trade

Rate of in≠ation
GNP per capita
Imports

Euro-curr. cred./imports

Cornelius

(1987)

Demand for IMF credits

OLS

Debt service
GNP per capita
Imports
Int. rese rves
Cap. mks. borr.

Joyce
(1992)

Fund prog. adoption

Logit

Gov. exp./GDP

Int. rese rves

Dom. cred. growth
Current acc./export
GDP per capita

Year dummies__________

Conway
(1984)

IMF participation

(binary choice)

(cont. var.cens. at 0 and 1)

Probit

Tobit

Prev. adoption

Lagg. curr. acc./GDP

Terms of trade

World real rate

Lagg. real GDP growth
For. ex. res./imports
L-term external debt
IMF prog. esp. date
Year dummies

Knight and Santaella
(1997)

Arrangement approval
Demand and supply ofa
...nancial arrangement

Probit

Bivariate probit

Int. reserves

Ext. debt serv./exports

GDP per capita

I nvestment/GDP

Real exchange rate

Prev. adoption

Year dummy

Gov. revenue growth

Gov. expend. growth

Nom. depr. > 5%_______