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In this paper we investigate whether the design of World Bank conditionality, namely the extent of trade liberalization conditions, is influenced by the commercial motives of the Bank’s five major shareholders. Using a newly available dataset on World Bank conditionality we analyze the...
Persistent link: https://www.econbiz.de/10010207898
This paper investigates the dynamic aggregate response of firm investments to the approval of an IMF arrangement. Using …
Persistent link: https://www.econbiz.de/10014354411
We examine the determinants of capital flows to four developing countries during the 1990s using an explicitly disequilibrium econometric framework in which the supply and demand for capital are not necessarily equal and the actual amount of the flow is determined by the 'short side' of the...
Persistent link: https://www.econbiz.de/10013317909
Multilateral development finance is at a critical juncture. In the past 70 years, it has developed through four distinct stages. The Bretton Woods conference established the World Bank and the International Monetary Fund in 1944 to finance post-war reconstruction and stabilize the global...
Persistent link: https://www.econbiz.de/10010381537
International Monetary Fund (IMF) have aimed to consistently speak with one voice vis-agrave;-vis their member governments. However …
Persistent link: https://www.econbiz.de/10012728442
The total funding envelope for World Bank projects is often divided among various state and non-state actors, each of which can have competing ideas about or interests in the project. How does the division of financing relate to overall project effectiveness? I argue that too many funding...
Persistent link: https://www.econbiz.de/10011978531
We investigate the role of accounting and audit quality in the allocation of international development aid loans provided by the World Bank. This aid is crucial to improve governance functions, infrastructure, and capital markets, and the accounting and audit environments in a country can...
Persistent link: https://www.econbiz.de/10012904877
Multilateral development finance is at a critical juncture. In the past 70 years, it has developed through four distinct stages. The Bretton Woods conference established the World Bank and the International Monetary Fund in 1944 to finance post-war reconstruction and stabilize the global...
Persistent link: https://www.econbiz.de/10013050039
contribution the IMF makes and can make in its three areas of competence: surveillance, lending and technical assistance. The paper … adaptation (which includes building up resilience) and managing transition risks. The International Monetary Fund (IMF) is a … concludes that the IMF has significantly increased its engagement in climate change matters in recent years but should further …
Persistent link: https://www.econbiz.de/10013448096
We investigate the role of accounting and audit quality in the allocation of international development aid loans provided by the World Bank. This aid is crucial to improve governance functions, infrastructure, and capital markets, and the accounting and audit environments in a country can...
Persistent link: https://www.econbiz.de/10013053339