Reputation, Debt, and Policy Conditionality

Reputation, Debt, and Policy Conditionality
In principle, international financial institutions (IFIs) can use their leverage as creditors to prompt governments to undertake policy reform. Yet such lending has been frequently linked to unsustainable debt levels and little reform. This paper illustrates how the dual roles of IFIs as purveyors of credit and monitors of reform may help... READ MORE...

Publication date: September 2003
ISBN 9781451859782
$15.00

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