IMF Conditionality and Country Ownership of Programs:
Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Khan, Mohsin S. (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2001
Schriftenreihe:IMF Working Papers Working Paper No. 01/142
Links:http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml
Abstract:The paper uses finance and agency theory to establish two main propositions: First, that the conditionality attached to adjustment programs supported by the IMF is justified. Second, that ownership of programs by the borrowing country is crucial for their success. Hence, since both IMF conditionality and country ownership are necessary, the task is one of designing conditionality to maximize program ownership, subject to providing adequate safeguards for IMF lending. The paper discusses some recent proposals for enhancing ownership, and in particular, makes a case for incorporating floating tranches and outcomes-based conditionality in IMF-supported adjustment programs
Umfang:1 Online-Ressource (32 p)
ISBN:1451856253
9781451856255