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The Viability of Economic Reform Programs Supported by the International Financial Institutions

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Author Info
Graham Bird (University of Surrey)
Wolfgang Mayer (University of Cincinnati)
Alex Mourmouras (IMF Institute)

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Abstract

In seeking to make programs of economic reform supported by the IFIs more successful it is important to ensure that they are viable. Will governments be persuaded to participate? Will they complete the programs they negotiate? And will the IFIs be prepared to provide the resources? This paper formally analyses the factors influencing viability. It examines the constraints on participation and the need for incentive compatibility. The analysis identifies the threats to viability and the direction that reform should take. It places the effectiveness of programs firmly within a political economy framework and extends recent theories of program implementation by examining participation from the viewpoint of both the governments that demand assistance and the IFIs that supply it.

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Publisher Info
Paper provided by Department of Economics, University of Surrey in its series Department of Economics Discussion Papers with number 0605.

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Length: 29 pages
Date of creation: Mar 2005
Date of revision:
Handle: RePEc:sur:surrec:0605

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Find related papers by JEL classification:
F0 - International Economics - - General
F3 - International Economics - - International Finance
G2 - Financial Economics - - Financial Institutions and Services

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Wolfgang Mayer & Alex Mourmouras, 2005. "On the Viability of Conditional Assistance Programs," IMF Working Papers 05/121, International Monetary Fund. [Downloadable!]
  2. Grossman, Gene M & Helpman, Elhanan, 1994. "Protection for Sale," American Economic Review, American Economic Association, vol. 84(4), pages 833-50, September. [Downloadable!] (restricted)
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  3. Graham Bird, 2006. "The Implementation of IMF Programs: A Conceptual Framework," Department of Economics Discussion Papers 1506, Department of Economics, University of Surrey. [Downloadable!]
  4. Graham Bird & Thomas D Willett, 2004. "IMF Conditionality, Implementation and the New Political Economy of Ownership," Comparative Economic Studies, Palgrave Macmillan Journals, vol. 46(3), pages 423-450, September. [Downloadable!] (restricted)
  5. Wolfgang Mayer & Alex Mourmouras, 2002. "Vested Interests in a Positive Theory of IFI Conditionality," IMF Working Papers 02/73, International Monetary Fund.
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This page was last updated on 2009-11-30.

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