Showing 1 - 10 of 12,247
In this paper we analyze whether IMF conditionality is exclusively designed in line with observable economic indicators …) receive IMF loans with fewer conditions especially prior to elections. These results contribute to the current public policy … intent from 38 countries over the period 4/1997-2/2003 reveals that the number of conditions on an IMF loan depends on a …
Persistent link: https://www.econbiz.de/10010285909
In this paper we analyze whether IMF conditionality is exclusively designed in line with observable economic indicators …) receive IMF loans with fewer conditions especially prior to elections. These results contribute to the current public policy … intent from 38 countries over the period 4/1997-2/2003 reveals that the number of conditions on an IMF loan depends on a …
Persistent link: https://www.econbiz.de/10005731453
The paper presents a detailed description of IMF and World Bank conditionality and tries to explain changes in this … World Bank conditionality as well as interruptions of IMF programs in the recipient countries. Compliance with World Bank … conditionality is lower in election years and pre-election years. Breakdowns of IMF programs are less likely in election years …
Persistent link: https://www.econbiz.de/10010295488
-party mediation, lastly policy enforcement, also called conditionality. Whereas these functions where integrated within the Fund … in the SDRM proposal put forward by the IMF in 2001; and the reliance upon national courts, specifically those in which …-party mediation makes the IMF considerably much weaker, as it remains with only two functions and no consistent rules of interaction …
Persistent link: https://www.econbiz.de/10011003685
This paper presents a principal-agent model of IMF conditional lending, in the aftermath of a capital-account liquidity … crisis. We show that traditional ex-post conditionality can be effective in safeguarding the Funds resources, allowing for … Architecture. We show that debtor moral hazard is only a concern if the IMF cannot commit to make the post-crisis participation …
Persistent link: https://www.econbiz.de/10010605139
-party mediation, lastly policy enforcement, also called conditionality. Whereas these functions where integrated within the Fund … in the SDRM proposal put forward by the IMF in 2001; and the reliance upon national courts, specifically those in which …-party mediation makes the IMF considerably much weaker, as it remains with only two functions and no consistent rules of interaction …
Persistent link: https://www.econbiz.de/10010756814
This paper presents a principal-agent model of IMF conditional lending, in the aftermath of a "capital … Architecture. We show that debtor moral hazard is only a concern if the IMF cannot commit to make the post-crisis participation … constraint of the debtor country binding, and that it can only be resolved via ex-ante conditionality (or pre …
Persistent link: https://www.econbiz.de/10005730353
Persistent link: https://www.econbiz.de/10005406596
This paper proposes a model to study how conditional lending and immediate liquidity provision affect incentives for fiscal adjustment in a country facing the risk of sovereign default. Conditional lending provides explicit incentives for fiscal adjustment but immediate liquidity provision is...
Persistent link: https://www.econbiz.de/10011109435
The paper presents a detailed description of IMF and World Bank conditionality and tries to explain changes in this … World Bank conditionality as well as interruptions of IMF programs in the recipient countries. Compliance with World Bank … conditionality is lower in election years and pre- election years. Breakdowns of IMF programs are less likely in election years …
Persistent link: https://www.econbiz.de/10005556641