The Incidence and Effectiveness of Prior Actions in IMF-supported Programs

The Incidence and Effectiveness of Prior Actions in IMF-supported Programs
Prior actions are measures that need to be implemented prior to Board approval of an IMFsupported program. This paper examines whether such prior actions can signal a willingness to implement reforms, especially when the member's track record is weak. We find some support for this signaling role, particularly for programs supported by the... READ MORE...

Publication date: September 2006
ISBN 9781451864731
$18.00

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