Vested Interests in a Positive Theory of IFI Conditionality:
Understanding of the domestic political environment is key to building broad country ownership and the successful implementation of reform programs supported by international financial institutions (IFIs). But recipient countries are not unitary actors: policymakers are influenced by special interes...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2002
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 02/73 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | Understanding of the domestic political environment is key to building broad country ownership and the successful implementation of reform programs supported by international financial institutions (IFIs). But recipient countries are not unitary actors: policymakers are influenced by special interest groups (SIGs) opposing reforms, leading to distorted policies. Using a new model of the financial relations between a benevolent IFI and a sovereign borrower subject to influence by SIGs, we analyze the determinants and welfare impacts of conditional and unconditional assistance. While conditionality may raise IFI welfare, economize on the amount of assistance, and lower domestic distortions, it may not always raise recipient country welfare. Recipient governments are always better off if assistance is provided unconditionally |
| Beschreibung: | 1 Online-Ressource (28 p) |
| ISBN: | 1451849478 9781451849479 |
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| index_date | 2024-07-03T20:13:22Z |
| indexdate | 2024-07-10T09:35:30Z |
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| spelling | Mourmouras, Alex Verfasser aut Vested Interests in a Positive Theory of IFI Conditionality Mourmouras, Alex Washington, D.C International Monetary Fund 2002 1 Online-Ressource (28 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 02/73 Understanding of the domestic political environment is key to building broad country ownership and the successful implementation of reform programs supported by international financial institutions (IFIs). But recipient countries are not unitary actors: policymakers are influenced by special interest groups (SIGs) opposing reforms, leading to distorted policies. Using a new model of the financial relations between a benevolent IFI and a sovereign borrower subject to influence by SIGs, we analyze the determinants and welfare impacts of conditional and unconditional assistance. While conditionality may raise IFI welfare, economize on the amount of assistance, and lower domestic distortions, it may not always raise recipient country welfare. Recipient governments are always better off if assistance is provided unconditionally Online-Ausg Mayer, Wolfgang Sonstige oth http://elibrary.imf.org/view/IMF001/07797-9781451849479/07797-9781451849479/07797-9781451849479.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Mourmouras, Alex Vested Interests in a Positive Theory of IFI Conditionality |
| title | Vested Interests in a Positive Theory of IFI Conditionality |
| title_auth | Vested Interests in a Positive Theory of IFI Conditionality |
| title_exact_search | Vested Interests in a Positive Theory of IFI Conditionality |
| title_exact_search_txtP | Vested Interests in a Positive Theory of IFI Conditionality |
| title_full | Vested Interests in a Positive Theory of IFI Conditionality Mourmouras, Alex |
| title_fullStr | Vested Interests in a Positive Theory of IFI Conditionality Mourmouras, Alex |
| title_full_unstemmed | Vested Interests in a Positive Theory of IFI Conditionality Mourmouras, Alex |
| title_short | Vested Interests in a Positive Theory of IFI Conditionality |
| title_sort | vested interests in a positive theory of ifi conditionality |
| url | http://elibrary.imf.org/view/IMF001/07797-9781451849479/07797-9781451849479/07797-9781451849479.xml |
| work_keys_str_mv | AT mourmourasalex vestedinterestsinapositivetheoryofificonditionality AT mayerwolfgang vestedinterestsinapositivetheoryofificonditionality |