Outcomes-Based Conditionality : Its Role and Optimal Design /

The paper employs a principal-agent framework to analyze the role and design of outcomesbased conditionality in the presence of market frictions and domestic opposition. The results suggest that outcomes-based conditionality is a good option for the IMF when opposition to reforms is relatively weak...

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Dettagli Bibliografici
Autore principale: Ivanova, Anna
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2006.
Serie:IMF Working Papers; Working Paper ; No. 2006/128
Soggetti:
Accesso online:Full text available on IMF