Conflict Avoidance in International Loans and Monetary Agreements

The Effects of International Monetary Fund Loans on Health Outcomes

Perspective F ounded in the wake of the Great Depression of the 1930s, the International Monetary Fund (IMF) was established in 1945 when government representatives met and agreed on a " framework of international economic cooperation " (http://www.imf.org/external/ index.htm) designed to prevent future economic crises. Its mission was threefold: to ensure the stability of the exchange rate, to...

Collateral secured loans in a monetary economy

This paper presents a microfounded model of money where durable assets serve as a guarantee to repay consumption loans. We establish steady state equilibria where money and bank credit coexist. In such an equilibrium, a larger investment in durable capital relaxes the borrowing constraint faced by consumers and thus provides a way to mitigate their costs of money holdings. We show that the occu...

Student Loans Repayment and Recovery: International Comparisons

Student Loans Repayment and Recovery: International Comparisons Student loans schemes are in operation in more than seventy countries around the world. Most loans schemes benefit from sizeable built-in government subsidies and, in addition, are subject to repayment default and administrative costs that are not passed on to student borrowers. We probe two issues in this paper, for 44 loans schem...

Compliance with International Agreements

The study of compliance with international agreements has gained momentum over the past few years. Since the conclusion of World War II, this research agenda had been marginalized by the predominance of realist approaches to the study of international relations. However, alternative perspectives have developed that suggest that international law and institutions are important influences on the ...

Regional Trade Agreements as Security Institutions: Managing international conflict through integration in security & natural resources