compression. We did not find evidence of a statistically significant impact of IMF conditionality. Morever, fiscal improvements …

and adjustment are strong complements in crisis prevention. Conditionality plays a crucial role in sustaining the program …

This paper argues that the IMF's traditional monetary conditionality-a ceiling on net domestic assets of the central …

, we analyze the determinants and welfare impacts of conditional and unconditional assistance. While conditionality may …

When donors and recipients have different preferences over budgetary allocations, conditionality helps the …, conditionality entails an inefficient allocation of resources. Under such conditions, the optimal amount of conditionality varies … observable, conditionality can be used to prevent recipients with a weak commitment to poverty reduction from obtaining aid funds …

contagion through its lending with conditionality. We characterize the IMF's optimal lending decision in mitigating the loss in …

The aim of this paper is to take a closer look at IMF conditionality in the banking sector. Our analysis shows that … while such conditionality became more stringent following the Asian crisis, compliance has remained broadly unchanged … and intensity of IMF conditionality may not be, ceteris paribus, effective. The policy implication is that the IMF should …

The paper employs a principal-agent framework to analyze the role and design of outcomesbased conditionality in the … presence of market frictions and domestic opposition. The results suggest that outcomes-based conditionality is a good option … conditionality ends up playing in this case is that of an efficiency tool. The benefits of outcomes-based conditionality in the …