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Read my Lips: the Role of Information Transmission in multilateral reform design
Marchesi, Silvia; Sabani, Laura; Dreher, Axel - Dipartimento di Economia, Management e Metodi … - 2009
We focus on the role that the transmission of information between a multilateral (e.g., the IMF) and a country has for optimal (conditional) reform design. The main result is that the informational advantage of the country must be strictly greater than the advantage of the multilateral in order...
Persistent link: https://www.econbiz.de/10004982766
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Agency and Communication in IMF Conditional Lending: Theory and Empirical Evidence
Marchesi, Silvia; Sabani, Laura; Dreher, Axel - CESifo - 2009
We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...
Persistent link: https://www.econbiz.de/10005051565
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Information Transmission within Federal Fiscal Architectures: Theory and Evidence
Dreher, Axel; Gehring, Kai; Kotsogiannis, Christos; … - Dipartimento di Economia, Management e Metodi … - 2013
’ consists of unverifiable information and the quality of communication depends on the conflict of interests between the …
Persistent link: https://www.econbiz.de/10010734630
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Information Transmission and Ownership Consolidation in Aid Programs
Dreher, Axel; Marchesi, Silvia - Dipartimento di Economia, Management e Metodi … - 2013
This paper explores the role of information transmission in explaining donors\' choice between project aid and budget support. Budget support increases the involvement of recipient governments in the decision-making process and can thus be an example of a “delegation-scheme\". Conversely,...
Persistent link: https://www.econbiz.de/10010734632
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Does it Take Two to Tango? Improving Cooperation between the IMF and the World Bank: Theory and Empirical Evidence
Marchesi, Silvia; Sabani, Laura - Dipartimento di Economia, Management e Metodi … - 2013
This paper analyzes the impact of different governance structures on the degree of Bank-Fund cooperation, focusing on the quality of their information transmission. It compares the performance of a decentralized governance with that of a centralized one. A centralized structure better addresses...
Persistent link: https://www.econbiz.de/10010734635
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Let's Talk: How Communication Affects Contract Design
Brandts, Jordi; Charness, Gary; Ellman, Matthew - CESifo - 2012
shock and a discretionary buyer transfer. In the absence of communication, we find that rigid contracts are more frequent … and lead to higher earnings for both buyer and seller. By contrast, in the presence of communication, flexible contracts … considerably more from flexible with communication than rigid without communication. Our results show quite strongly that …
Persistent link: https://www.econbiz.de/10010558687
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Information Transmission within Federal Fiscal Architectures: Theory and Evidence
Dreher, Axel; Gehring, Kai; Kotsogiannis, Christos; … - CESifo - 2013
of unverifiable information and the quality of communication depends on the conflict of interests between the government …
Persistent link: https://www.econbiz.de/10010693469
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Information Transmission and Ownership Consolidation in Aid Programs
Dreher, Axel; Marchesi, Silvia - CESifo - 2013
This paper explores the role of information transmission in explaining donors’ choice between project aid and budget support. Budget support increases the involvement of recipient governments in the decision-making process and can thus be an example of a “delegation-scheme.” Conversely,...
Persistent link: https://www.econbiz.de/10010701088