Record Details


Field	Value

Title	Replication data for: Congressional Politics of Financing the International Monetary Fund

Identifier	https://doi.org/10.7910/DVN/5ZGNDG

Creator	J. Lawrence Broz Michael Brewster Hawes

Publisher	Harvard Dataverse

Description	We address the question of how international public goods are financed by analyzing voting in the U.S. Congress on legislation to increase the U.S. contribution to the IMF. We argue that legislators are more likely to vote in favor of an increase (1) the more campaign contributions they obtain from banks that specialize in international lending, and (2), the greater the share of high-skilled “pro-globalization” workers in their districts. The first argument supports the inference that a financially strong IMF mitigates the risks of international lending, to the benefit of the lending banks. The second reflects our claim that voters view the IMF as a positive force for global economic integration which, following Stolper-Samuelson reasoning, benefits high-skilled workers. Lastly, we analyze IMF loan decisions and find modest support for the claim that IMF policy reflects the interests of major international banks. Overall, our results suggest that private actors within the U.S. have individual stakes in funding the IMF.

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