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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...

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...