Series: IMF Working Papers
Author(s): S. Erbas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2003
Keywords: program conditionality and ownership, uncertainty, ambiguity, probability, conditionality, probabilities, adjustment programs, Positive Analysis of Policy-Making and Implementation, Criteria for Decision-Making under Risk and Uncertainty,
Program conditionality and ownership are important considerations in the IMF's current rethinking of program design. This paper contributes to the literature by developing a theory of program conditionality and own...