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

55 Pages Posted: 18 Oct 2006

See all articles by Axel Dreher

Axel Dreher

Heidelberg University

Jan-Egbert Sturm

KOF Swiss Economic Institute, ETH Zurich; CESifo (Center for Economic Studies and Ifo Institute)

James Raymond Vreeland

Yale University - Department of Political Science

Date Written: September 2006

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.

Keywords: IMF, UN Security Council, voting, aid

JEL Classification: F33

Suggested Citation

Dreher, Axel and Sturm, Jan-Egbert and Vreeland, James Raymond, Does Membership on the Un Security Council Influence IMF Decisions? Evidence from Panel Data (September 2006). CESifo Working Paper Series No. 1808. Available at SSRN: https://ssrn.com/abstract=938371

Axel Dreher

Heidelberg University ( email )

Grabengasse 1
Heidelberg, 69117
Germany

HOME PAGE: http://www.axel-dreher.de

Jan-Egbert Sturm (Contact Author)

KOF Swiss Economic Institute, ETH Zurich ( email )

Zurich
Switzerland

HOME PAGE: http://www.kof.ethz.ch

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, 81679
Germany

HOME PAGE: http://www.cesifo.de

James Raymond Vreeland

Yale University - Department of Political Science ( email )

Box 208269
New Haven, DC 06520-8269
United States
203-432 6196 (Phone)
203-432 6196 (Fax)

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