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Conditional Lending Under Altruism

Conditional Lending Under Altruism »

Source: Conditional Lending Under Altruism

Volume/Issue: 2004/100

Series: IMF Working Papers

Author(s): Alex Mourmouras , and Peter Rangazas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2004

ISBN: 9781451852431

Keywords: altruism, time consistency, Samaritan&;amp;#x2019;s dilemma, poor country, poor countries, moral hazard, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

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 I...

Conditional Lending Under Altruism

Conditional Lending Under Altruism »

Volume/Issue: 2004/100

Series: IMF Working Papers

Author(s): Alex Mourmouras , and Peter Rangazas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2004

DOI: http://dx.doi.org/10.5089/9781451852431.001

ISBN: 9781451852431

Keywords: altruism, time consistency, Samaritan&;amp;#x2019;s dilemma, poor country, poor countries, moral hazard, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

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 I...