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Confidence in the world bank and IMF: Alignment of individual beliefs and institutional policies

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  • Anderson, John E.

Abstract

This study examines individual expressions of confidence in the World Bank and the International Monetary Fund using the World Values Survey-Wave 7 data to determine whether alignment of individual beliefs with institutional policies supports confidence and whether national borrowing from these institutions with attendant conditionalities erodes confidence. The main hypothesis tested is that confidence in each organization is positively associated with alignment of survey respondents’ economic beliefs and the policies of the organizations. Results indicate that closer alignment of beliefs with organization policies is positively associated with greater confidence but greater national borrowing from either organization erodes confidence. Conditionalities for assistance are resented by citizens in recipient countries.

Suggested Citation

  • Anderson, John E., 2024. "Confidence in the world bank and IMF: Alignment of individual beliefs and institutional policies," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 93(C).
    • Handle: RePEc:eee:intfin:v:93:y:2024:i:c:s1042443124000696
    DOI: 10.1016/j.intfin.2024.102003
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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