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Agency and Communication in IMF Conditional Lending : Theory and Empirical Evidence

Marchesi, Silvia - 2014

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/10012750944

Should Easier Access to International Credit Replace Foreign Aid?

Bandyopadhyay, Subhayu - 2011

We examine the interaction between foreign aid and binding borrowing constraint for a recipient country. We also analyze how these two instruments affect economic growth via non-linear relationships. First of all, we develop a two-country, two-period trade-theoretic model to develop testable...

Persistent link: https://www.econbiz.de/10013119295

Capital Account Policies, IMF Programs and Growth in Developing Regions

Bicaba, Zorobabel - 2015

This paper develops an adaptive learning model under uncertainty that examines evolution of capital account polices over time and across developing regions. In the framework, countries' past experiences and IMF programs influence policymakers' beliefs about the impact of capital account...

Persistent link: https://www.econbiz.de/10013029623

How Economic, Political and Institutional Factors Influence the Choice of Exchange Rate Regimes? New Evidence from Selected Countries of the MENA Region

Maraoui, Nejia; Amor, Thouraya; Khefacha, Islem; Rault, … - 2022

In this paper, we investigate how economic, political and institutional factors affect the choice of exchange rate regimes, using data on eight MENA (Middle East and North Africa) countries over the 1984-2016 period. Specifically, we run random-effects ordered probit regressions of the...

Persistent link: https://www.econbiz.de/10014083736

Are the East African Community's Countries Ready for a Common Currency?

Kigabo, Thomas; Heshmati, Almas - 2022

This paper investigates the East African Community (EAC) partner states' readiness for a common currency. It uses recent data to assess the impact of policy coordination in the region during the last seven years of East African Monetary Union's protocol implementation. Despite some similarities...

Persistent link: https://www.econbiz.de/10014083749

Completing the Monetary Union of Europe as Mid-Term Solution of the Euro Crisis

Fischer, Justina A. V. - 2015

This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....

Persistent link: https://www.econbiz.de/10013016262

Re-Orient? MNC Penetration and Contemporary Shifts in the Global Political Economy

Tausch, Arno - 2009

This article analyses IMF estimates of economic growth in 180 countries (IMF, 2009), and inks the results to the Re-orient approach, put forward by Frank, 1998. With global economic gravitation shifting to the Indian Ocean/Pacific region, the article also analyses the role of MNC (foreign...

Persistent link: https://www.econbiz.de/10013155598

The Costs of Favoritism : Is Politically-Driven Aid Less Effective?

Dreher, Axel - 2010

World Bank projects and generally find that projects that are potentially politically motivated – such as those granted to … governments holding a non-permanent seat on the United Nations Security Council or an Executive Directorship at the World Bank … Council members with higher short-term debt, however, a negative quality rating is more likely. So we find evidence that World …

Persistent link: https://www.econbiz.de/10013146478

The Political Resource Curse

Brollo, Fernanda - 2010

The paper studies the effect of additional government revenues on political corruption and on the quality of politicians, both with theory and data. The theory is based on a version of the career concerns model of political agency with endogenous entry of political candidates. The evidence...

Persistent link: https://www.econbiz.de/10013148349

International Labor Standards and the Political Economy of Child Labor Regulation

Doepke, Matthias; Zilibotti, Fabrizio - 2021

Child labor is a persistent phenomenon in many developing countries. In recent years, support has been growing among rich-country governments and consumer groups for the use of trade policies, such as product boycotts and the imposition of international labor standards, to reduce child labor in...

Persistent link: https://www.econbiz.de/10013324927

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