IMF Conditionality and Low Income Countries
نویسندگان
چکیده
منابع مشابه
IMF Conditionality
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 e¤ective in safeguarding the Fund’s resources, allowing for the provision of e¢cient emergency lending and reducing ine¢cient ex-ante credit rationing if the capital out‡ow which triggers the crisis is not excess...
متن کاملExternal Comments and Contributions on IMF Conditionality
The IMF pretty much argues that all is well with the conditionally contained in the programs it supports and sees no reason to change it. The recent report by the International Financial Institution Advisory Commission in stark contrast argues that conditionality doesnt work and should be abandoned. Which of them is right? The answer is neither of them. Undoubtedly, IMF conditionality has its ...
متن کاملImf Conditionality as a Screening Device*
A theoretical model is developed in which both buybacks and the adoption of an IMF programme can be used as screening devices which enable a creditor to discriminate between debtor countries which are willing to use debt relief in order to invest and repay and countries which are not. Asymmetric information is assumed. This problem can be solved if the country has su¢cient resources to engage i...
متن کاملBalancing competitiveness and conditionality : environmental policymaking in low-regulating countries
This article scrutinizes the effects of economic competition on environmental standard levels in low-regulating states that intensifY their economic interlinkage with high-regulating countries. In doing so, it pursues rwo objectives. First, we provide a detailed empirical account of the impact of economic integration on the development of environmenral standards in Hungary and Mexico. Second, w...
متن کاملStructural adjustment and public spending on health: evidence from IMF programs in low-income countries.
The relationship between health policy in low-income countries (LICs) and structural adjustment programs devised by the International Monetary Fund (IMF) has been the subject of intense controversy over past decades. While the influence of the IMF on health policy can operate through various pathways, one main link is via public spending on health. The IMF has claimed that its programs enhance ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics
سال: 1982
ISSN: 0971-586X
DOI: 10.21648/arthavij/1982/v24/i3/116523