Skip to main content

PROMISES MADE, PROMISES BROKEN: A MODEL OF IMF PROGRAM IMPLEMENTATION

Buy Article:

$51.00 plus tax (Refund Policy)

Abstract:

This paper presents a model of the implementation of IMF programs, which is empirically tested with data from the period 1975–1999. The IMF and the borrowing country are shown to have asymmetric evaluations of a program's discounted benefits, due to differences in the measurement of the benefits, the relevant time frame and appropriate discount rate. The model also distinguishes between a government that seeks to maximize national welfare and an autocracy that seeks only to benefit the ruling group. The results of the empirical analysis demonstrate that program implementation is affected by a country's trade openness, the ideological cohesion of the government, the duration of the political regime, and the degree of political openness.

Document Type: Research Article

DOI: http://dx.doi.org/10.1111/j.1468-0343.2006.00173.x

Affiliations: Wellesley College

Publication date: November 1, 2006

bpl/ecpo/2006/00000018/00000003/art00004
dcterms_title,dcterms_description,pub_keyword
6
5
20
40
5

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more