Do External Interventions Work? The Case of Trade Reform Conditions in IMF Supported Programs
---- Acknowledgments ----
This is a revised version of an early paper entitled, "Evaluating the effectiveness of trade conditions in IMF-supported programs." We thank Andrew Rose for inspiring the initial idea and for helpful comments, Mary Amiti, Tamim Bayoumi, A. Bio-Tchane, Judith Dean, Dimitri Demekas, Allan Drazen, Erik De Vrijer, Steven Dunaway, Michael Hadjimichael, Simon Johnson, Kalpana Kochhar, Hans Peter Lankes, Phil McCalman, Raghuram Rajan, Tessa van der Willigen, Yi Wu, and participants of seminars at the IMF for helpful suggestions and comments, Yuanyuan Chen for excellent research assistance, and Christy Gray for able administrative support. The views expressed are those of the authors and do not necessarily reflect the views of the IMF or its policy. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.