Series: IMF Working Papers
Author(s): Anna Ivanova
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2006
Keywords: Outcomes-based conditionality, principal-agent, conditionality, paper, conditional lending,
The paper employs a principal-agent framework to analyze the role and design of outcomesbased conditionality in the presence of market frictions and domestic opposition. The results suggest that outcomes-based cond...