A Theory of International Crisis Lending and IMF Conditionality /
We present a framework that clarifies the financial role of the IMF, the rationale for conditionality, and the conditions under which IMF-induced moral hazard can arise. In the model, traditional conditionality commits country authorities to undertake crisis resolution efforts, facilitating the retu...
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| Other Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2008.
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| Series: | IMF Working Papers ;
Working Paper no. 08/236. |
| Subjects: | |
| Online Access: |
Full text (Emmanuel users only) |