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Overcoming Barriers to Reform

Overcoming Barriers to Reform »

Source: Overcoming Barriers to Reform : On Incentive-Compatible International Assistance

Volume/Issue: 2007/231

Series: IMF Working Papers

Author(s): Wolfgang Mayer , and Alex Mourmouras

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2007

ISBN: 9781451867954

Keywords: international assistance, incentives, optimal contracts, special interest groups, adverse selection, sovereign default, political instability, interest, interest group, repayment

International financial assistance (loans and grants) can potentially raise recipients' welfare in two ways, by affecting a direct resource transfer and by facilitating efficiency-enhancing reforms. In practice, ba...

The Political Economy of Conditional and Unconditional Foreign Assistance

The Political Economy of Conditional and Unconditional Foreign Assistance »

Source: The Political Economy of Conditional and Unconditional Foreign Assistance : Grants vs. Loan Rollovers

Volume/Issue: 2004/38

Series: IMF Working Papers

Author(s): Wolfgang Mayer , and Alex Mourmouras

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2004

ISBN: 9781451845723

Keywords: common agency models, grants vs. loans, interest group, economic policies, interest groups, political influence, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

Improving the effectiveness of financial assistance programs is a priority of international financial institutions (IFIs). This paper examines the effectiveness of alternative assistance instruments in a dynamic po...

Vested Interests in a Positive Theory of IFI Conditionality

Vested Interests in a Positive Theory of IFI Conditionality »

Source: Vested Interests in a Positive Theory of IFI Conditionality

Volume/Issue: 2002/73

Series: IMF Working Papers

Author(s): Alex Mourmouras , and Wolfgang Mayer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2002

ISBN: 9781451849479

Keywords: ownership, common agency, political economy, interest group, economic assistance, economic policies, interest groups, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Political Economy Of International Financial Institutions,

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 reci...

What Determines the Implementation of IMF-Supported Programs?

What Determines the Implementation of IMF-Supported Programs? »

Source: What Determines the Implementation of IMF-Supported Programs?

Volume/Issue: 2003/8

Series: IMF Working Papers

Author(s): Alex Mourmouras , Anna Ivanova , George Anayotos , and Wolfgang Mayer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2003

ISBN: 9781451842531

Keywords: IMF-supported programs, ownership, political economy, probability, political institutions, interest groups, statistics, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

This paper assesses the implementation of IMF-supported programs using measures of program interruptions, compliance with conditionality, and the share of committed funds disbursed. The econometric model allows an...

Overcoming Barriers to Reform
			: On Incentive-Compatible International Assistance

Overcoming Barriers to Reform : On Incentive-Compatible International Assistance »

Volume/Issue: 2007/231

Series: IMF Working Papers

Author(s): Wolfgang Mayer , and Alex Mourmouras

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2007

DOI: http://dx.doi.org/10.5089/9781451867954.001

ISBN: 9781451867954

Keywords: international assistance, incentives, optimal contracts, special interest groups, adverse selection, sovereign default, political instability, interest, interest group, repayment

International financial assistance (loans and grants) can potentially raise recipients' welfare in two ways, by affecting a direct resource transfer and by facilitating efficiency-enhancing reforms. In practice, ba...

The Political Economy of Conditional and Unconditional Foreign Assistance
			: Grants vs. Loan Rollovers

The Political Economy of Conditional and Unconditional Foreign Assistance : Grants vs. Loan Rollovers »

Volume/Issue: 2004/38

Series: IMF Working Papers

Author(s): Wolfgang Mayer , and Alex Mourmouras

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2004

DOI: http://dx.doi.org/10.5089/9781451845723.001

ISBN: 9781451845723

Keywords: common agency models, grants vs. loans, interest group, economic policies, interest groups, political influence, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

Improving the effectiveness of financial assistance programs is a priority of international financial institutions (IFIs). This paper examines the effectiveness of alternative assistance instruments in a dynamic po...

Vested Interests in a Positive Theory of IFI Conditionality

Vested Interests in a Positive Theory of IFI Conditionality »

Volume/Issue: 2002/73

Series: IMF Working Papers

Author(s): Alex Mourmouras , and Wolfgang Mayer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2002

DOI: http://dx.doi.org/10.5089/9781451849479.001

ISBN: 9781451849479

Keywords: ownership, common agency, political economy, interest group, economic assistance, economic policies, interest groups, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Political Economy Of International Financial Institutions,

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 reci...

What Determines the Implementation of IMF-Supported Programs?

What Determines the Implementation of IMF-Supported Programs? »

Volume/Issue: 2003/8

Series: IMF Working Papers

Author(s): Alex Mourmouras , Anna Ivanova , George Anayotos , and Wolfgang Mayer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2003

DOI: http://dx.doi.org/10.5089/9781451842531.001

ISBN: 9781451842531

Keywords: IMF-supported programs, ownership, political economy, probability, political institutions, interest groups, statistics, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

This paper assesses the implementation of IMF-supported programs using measures of program interruptions, compliance with conditionality, and the share of committed funds disbursed. The econometric model allows an...