Conditional Lending Under Altruism

Conditional Lending Under Altruism
We analyze how the altruism of an international financial institution (IFI) towards its lowincome member countries (LICs) alters the effectiveness of its loans. We study IFI loans to a credit-constrained LIC. The IFI's repayment policy is determined by the interplay of its concerns for the welfare of the loan recipient and its fiduciary... READ MORE...

Publication date: June 2004
ISBN 9781451852431
$15.00

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