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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...
| Call Number: | Libro Electrónico |
|---|---|
| Main Author: | |
| Other Authors: | |
| Format: | Electronic eBook |
| Language: | Inglés |
| Published: |
[Washington, D.C.] :
International Monetary Fund, Research Dept.,
©2006.
|
| Series: | IMF working paper ;
WP/06/128. |
| Subjects: | |
| Online Access: | Texto completo |
Table of Contents:
- Contents
- I. INTRODUCTION
- II. THE MODEL
- III. OBSERVABLE CASE
- IV. UNOBSERVABLE CASE
- V. CONCLUSIONS
- REFERENCES