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Vested Interests in a Positive Theory of IFI Conditionality
Mourmouras, Alex; Mayer, Wolfgang - International Monetary Fund (IMF) - 2002
Understanding of the domestic political environment is key to building broad country ownership and the successful implementation of reform programs supported by international financial institutions (IFIs). But recipient countries are not unitary actors: policymakers are influenced by special...
Persistent link: https://www.econbiz.de/10005825788
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International Financial Contagion and the Fund; A Theoretical Framework
Clark, Peter B.; Huang, Haizhou - International Monetary Fund (IMF) - 2001
a lower IMF rate. Highly indebted countries hit by large negative shocks to output will default. The resulting reduction … further rounds of defaults. In this environment the IMF can limit default and internalize the externality generated by … contagion through its lending with conditionality. We characterize the IMF's optimal lending decision in mitigating the loss in …
Persistent link: https://www.econbiz.de/10005826144
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Is Policy Ownership An Operational Concept?
Boughton, James M.; Mourmouras, Alex - International Monetary Fund (IMF) - 2002
IMF lending is generally conditional on specified policies and outcomes. These conditions usually are negotiated …
Persistent link: https://www.econbiz.de/10005826172
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Mali; Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria: Staff Report; and Press Release...
International Monetary Fund (IMF); International … - 2006
Mali’s economy is showing renewed momentum resulting from a strong 2005–06 cereal harvest and strengthening terms of trade. The fiscal program remained well on track through end-2005. Discussion of the macroeconomic outlook focused on production-side growth prospects, such as...
Persistent link: https://www.econbiz.de/10011242861
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Former Yugoslav Republic of Macedonia; Report on Observance of Standards and Codes: Fiscal Transparency Module
International Monetary Fund (IMF); International … - 2006
relation to the requirements of the IMF Code of Good Practices on Fiscal Transparency based on discussions with the authorities …
Persistent link: https://www.econbiz.de/10011244381
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Identifying Fiscal Policy Transmission in Stochastic Debt Forecasts
Kawakami, Kei; Romeu, Rafael - International Monetary Fund (IMF) - 2011
A stochastic debt forecasting framework is presented where projected debt distributions reflect both the joint realization of the fiscal policy reaction to contemporaneous stochastic macroeconomic projections, and also the second-round effects of fiscal policy on macroeconomic projections. The...
Persistent link: https://www.econbiz.de/10009019604
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What Happens to Social Spending in IMF-Supported Programs?
Nozaki, Masahiro; Clements, Benedict J.; Gupta, Sanjeev - International Monetary Fund (IMF) - 2011
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff …
Persistent link: https://www.econbiz.de/10010790478
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On the Viability of Conditional Assistance Programs
Mayer, Wolfgang; Mourmouras, Alex - International Monetary Fund (IMF) - 2005
Economic adjustment and reform programs, including those supported by international financial institutions (IFIs), must cope with informational asymmetries and special interest politics. This presents a particularly serious issue when IFIs make structural economic reforms a condition for...
Persistent link: https://www.econbiz.de/10005768733
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Who's in Charge? Ownership and Conditionality in IMF-Supported Programs
Boughton, James M. - International Monetary Fund (IMF) - 2003
IMF lending is conditional on a country's commitment to carry out an agreed program of economic policies. Unless that … interaction between the IMF and the borrower. …
Persistent link: https://www.econbiz.de/10005768796
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The Political Economy of Conditional and Unconditional Foreign Assistance; Grants vs. Loan Rollovers
Mayer, Wolfgang; Mourmouras, Alex - International Monetary Fund (IMF) - 2004
Improving the effectiveness of financial assistance programs is a priority of international financial institutions (IFIs). This paper examines the effectiveness of alternative assistance instruments in a dynamic political economy framework. Economic policies of the receiving country are...
Persistent link: https://www.econbiz.de/10005769031