Conditionality as an Instrument of Borrower Credibility /
Fund member countries that adopt market-friendly policies often encounter a credibility problem-market-friendly policies are not effective in stimulating private investment as long as there remains a significant risk of policy reversal. The root of this risk lies in the discretionary policy-making a...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
1997.
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| Серія: | IMF Policy Discussion Papers; Policy Discussion Paper ;
No. 1997/002 |
| Предмети: | |
| Онлайн доступ: | Full text available on IMF |