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This paper analyzes whether nation-state governments can increase their credibility by becoming members of international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have an important impact on investment and growth. It is...
Persistent link: https://www.econbiz.de/10010277771
We investigate whether temporary members of the UN Security Council receive favorable treatment from the World Bank … temporary UN Security Council membership and the number of World Bank projects a country receives, even after accounting for … economic and political factors, as well as regional and country effects. The size of World Bank loans, however, is not affected …
Persistent link: https://www.econbiz.de/10010277777
We investigate whether elected members of the United Nations Security Council receive favorable treatment from the International Monetary Fund (IMF), analyzing panel data on the level of conditionality attached to (a maximum of) 314 IMF arrangements with 101 countries over the period of 1992 to...
Persistent link: https://www.econbiz.de/10010277779
Bailouts sponsored by the International Monetary Fund (IMF) are famous for their conditionality: in return for continued installments of desperately needed loans, governments must comply with austere policy changes. Many have suggested, however, that politically important countries face rather...
Persistent link: https://www.econbiz.de/10010319706