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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...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund, Research Dept.,
©2006.
|
| Colección: | IMF working paper ;
WP/06/128. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Contents
- I. INTRODUCTION
- II. THE MODEL
- III. OBSERVABLE CASE
- IV. UNOBSERVABLE CASE
- V. CONCLUSIONS
- REFERENCES