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...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Ivanova, Anna
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2006.
श्रृंखला:IMF Working Papers; Working Paper ; No. 2006/128
विषय:
ऑनलाइन पहुंच:Full text available on IMF
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100 1 |a Ivanova, Anna. 
245 1 0 |a Outcomes-Based Conditionality :   |b Its Role and Optimal Design /  |c Anna Ivanova. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2006. 
300 |a 1 online resource (25 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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 and when the IMF loan is unsubsidized. The only role conditionality ends up playing in this case is that of an efficiency tool. The benefits of outcomes-based conditionality in the presence of strong opposition are less clear, and using this conditionality as an incentive tool would require that IMF financing be subsidized. 
538 |a Mode of access: Internet 
650 7 |a IMF Loan  |2 imf 
650 7 |a International Monetary Arrangements and Institutions  |2 imf 
650 7 |a WP  |2 imf 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2006/128 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2006/128/001.2006.issue-128-en.xml  |z IMF e-Library