Imf Conditionality And Program Ownership
Download and Read Imf Conditionality And Program Ownership full books in PDF, ePUB, and Kindle. Read online free Imf Conditionality And Program Ownership ebook anywhere anytime directly on your device. We cannot guarantee that every ebooks is available!
Imf Conditionality and Program Ownership
Author | : Mr.S. Nuri Erbas |
Publisher | : International Monetary Fund |
Total Pages | : 19 |
Release | : 2003-05-01 |
Genre | : Business & Economics |
ISBN | : 1451852169 |
Download Imf Conditionality and Program Ownership Book in PDF, Epub and Kindle
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 ownership on the basis of Cumulative Prospect Theory. The policymaker may value a set of programs, each with fewer conditions, more than an extended program with as many conditions. This valuation bias is greater in ambiguity (Knightian uncertainty) than under uncertainty. If greater valuation of a program engenders more explicit and implicit ownership, then programs with fewer conditions may have a better chance of success. Less is more.
Imf Conditionality and Program Ownership Related Books
Pages: 19
Pages: 0
Pages: 26
Pages: 708
Pages: 24