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Conditionality as an Instrument of Borrower Credibility

Conditionality as an Instrument of Borrower Credibility »

Source: Conditionality as an Instrument of Borrower Credibility

Volume/Issue: 1997/2

Series: IMF Policy Discussion Papers

Author(s): Pierre Dhonte

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1997

ISBN: 9781451974423

Keywords: Conditionality, Conditionality/Credibility, credit ratings, external financing, credit rating, institutional investor, debt

Fund member countries that adopt market-friendly policies often encounter a credibility problem—market-friendly policies are not effective in stimulating private investment as long as there remains a signifi...

Conditionality as an Instrument of Borrower Credibility

Conditionality as an Instrument of Borrower Credibility »

Volume/Issue: 1997/2

Series: IMF Policy Discussion Papers

Author(s): Pierre Dhonte

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1997

DOI: http://dx.doi.org/10.5089/9781451974423.003

ISBN: 9781451974423

Keywords: Conditionality, Conditionality/Credibility, credit ratings, external financing, credit rating, institutional investor, debt

Fund member countries that adopt market-friendly policies often encounter a credibility problem—market-friendly policies are not effective in stimulating private investment as long as there remains a signifi...