Andersen, Thomas Barnebeck; Harr, Thomas; Tarp, Finn - Økonomisk Institut, Københavns Universitet - 2004
The political factors, which shape IMF lending to LDCs, have attracted much attention. The same goes for the role and influence of the US. However, formal modelling is scant. In this paper, we assume that the US is principal within the IMF and seeks to maximize its impact on the policy stance of...