Series: IMF Working Papers
Author(s): Alex Mourmouras , and Peter Rangazas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2004
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...