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 …

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 …

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 …

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 …

interaction between the terms of trade and the tightness of the borrowing constraints. Dynamically, this interaction implies that … of trade effect. Combined, these effects have somehow novel implications for the net foreign asset positions. The …