Informal influence in the Asian Development Bank
Through case studies and empirical analysis, scholars have uncovered convincing evidence that individual donors influence lending decisions of international financial institutions (IFIs) such as the World Bank and the Asian Development Bank. Less clear are the mechanisms by which donors exert influence. Potential mechanisms are either formal or informal. Formal influence is through official decisions of the board of executive directors while informal influence covers all other channels. This paper explores the role of informal influence at the Asian Development Bank by examining the flow of funds after loans are approved. Controlling for commitments (loan approvals), are subsequent disbursements linked to the interests of the key shareholders, Japan and the U.S.? I compare these findings with results for the World Bank and consider implications for institutional reforms.
(This abstract was borrowed from another version of this item.)
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 6 (2011)
Issue (Month): 3 (September)
|Contact details of provider:|| Web page: http://www.springer.com/business/sociology/journal/11558|
|Order Information:||Web: http://link.springer.de/orders.htm|
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.:
- Anwar, Mumtaz, 2005.
"The Political Economy of International Financial Institutions? Lending to Pakistan,"
HWWA Discussion Papers
338, Hamburg Institute of International Economics (HWWA).
- Anwar, Mumtaz, 2006. "The Political Economy Of International Financial Institutions’ Lending To Pakistan," MPRA Paper 5601, University Library of Munich, Germany, revised 01 Dec 2006.
- Axel Dreher & Jan-Egbert Sturm, 2012. "Do the IMF and the World Bank influence voting in the UN General Assembly?," Public Choice, Springer, vol. 151(1), pages 363-397, April.
- Axel Dreher & Nathan Jensen, 2003.
"Independent Actor or Agent? An Empirical Analysis of the impact of US interests on IMF Conditions,"
0310004, EconWPA, revised 08 Jan 2004.
- Axel Dreher & Nathan Jensen, 2005. "Independent Actor or Agent? An Empirical Analysis of the impact of US interests on IMF Conditions," KOF Working papers 05-118, KOF Swiss Economic Institute, ETH Zurich.
- Cameron,A. Colin & Trivedi,Pravin K., 2005. "Microeconometrics," Cambridge Books, Cambridge University Press, number 9780521848053, October.
- Oya Celasun & Jan Walliser, 2008. "Predictability of aid: Do fickle donors undermine aid effectiveness?," Economic Policy, CEPR;CES;MSH, vol. 23, pages 545-594, 07.
- Aleš Bulíř & A Javier Hamann, 2007. "Volatility of Development Aid: An Update," IMF Staff Papers, Palgrave Macmillan, vol. 54(4), pages 727-739, November.
- Ale Bulir & A. Javier Hamann, 2003. "Aid Volatility: An Empirical Assessment," IMF Staff Papers, Palgrave Macmillan, vol. 50(1), pages 4.
- Dreher, Axel & Sturm, Jan-Egbert & Vreeland, James Raymond, 2009.
"Development aid and international politics: Does membership on the UN Security Council influence World Bank decisions?,"
Journal of Development Economics,
Elsevier, vol. 88(1), pages 1-18, January.
- Axel Dreher & Jan-Egbert Sturm & James Raymond Vreeland, 2007. "Development Aid and International Politics: Does membership on the UN Security Council influence World Bank decisions?," KOF Working papers 07-171, KOF Swiss Economic Institute, ETH Zurich.
- Kilby, Christopher, 2009. "The political economy of conditionality: An empirical analysis of World Bank loan disbursements," Journal of Development Economics, Elsevier, vol. 89(1), pages 51-61, May.
- Andersen, Thomas Barnebeck & Harr, Thomas & Tarp, Finn, 2006.
"On US politics and IMF lending,"
European Economic Review,
Elsevier, vol. 50(7), pages 1843-1862, October.
- Krasner, Stephen D., 1981. "Power structures and regional development banks," International Organization, Cambridge University Press, vol. 35(02), pages 303-328, March.
- Christopher Kilby, 2009. "Donor influence in international financial institutions: Deciphering what alignment measures measure," Villanova School of Business Department of Economics and Statistics Working Paper Series 8, Villanova School of Business Department of Economics and Statistics.
- Christopher Kilby, 2013.
"An Empirical Assessment of Informal Influence in the World Bank,"
Economic Development and Cultural Change,
University of Chicago Press, vol. 61(2), pages 431 - 464.
- Christopher Kilby, 2010. "An empirical assessment of informal influence in the World Bank," Villanova School of Business Department of Economics and Statistics Working Paper Series 9, Villanova School of Business Department of Economics and Statistics.
- David Dollar & Craig Burnside, 2000.
"Aid, Policies, and Growth,"
American Economic Review,
American Economic Association, vol. 90(4), pages 847-868, September.
- Alberto Alesina & David Dollar, 1998.
"Who Gives Foreign Aid to Whom and Why?,"
NBER Working Papers
6612, National Bureau of Economic Research, Inc.
- Thomas Barnebeck Andersen & Henrik Hansen & Thomas Markussen, 2004.
"US Politics and World Bank IDA-Lending,"
05-06, University of Copenhagen. Department of Economics, revised May 2005.
- Frey, Bruno S. & Schneider, Friedrich, 1986. "Competing models of international lending activity," Journal of Development Economics, Elsevier, vol. 20(2), pages 225-245, March.
- Robert K. Fleck & Christopher Kilby, 2006.
"World Bank Independence: A Model and Statistical Analysis of US Influence,"
Review of Development Economics,
Wiley Blackwell, vol. 10(2), pages 224-240, 05.
- Fleck, Robert K. & Kilby, Christopher & Fleck, Robert K., 2001. "World Bank Independence: A Model and Statistical Analysis of U.S. Influence," Vassar College Department of Economics Working Paper Series 53, Vassar College Department of Economics.
- José Cheibub & Jennifer Gandhi & James Vreeland, 2010. "Democracy and dictatorship revisited," Public Choice, Springer, vol. 143(1), pages 67-101, April.
- Odedokun, Matthew, 2003. "Analysis of Deviations and Delays in Aid Disbursements," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- Christopher Kilby, 2006. "Donor influence in multilateral development banks: The case of the Asian Development Bank," The Review of International Organizations, Springer, vol. 1(2), pages 173-195, June.
- Dreher, Axel & Sturm, Jan-Egbert & Vreeland, James Raymond, 2009. "Global horse trading: IMF loans for votes in the United Nations Security Council," European Economic Review, Elsevier, vol. 53(7), pages 742-757, October.
When requesting a correction, please mention this item's handle: RePEc:spr:revint:v:6:y:2011:i:3:p:223-257. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Christopher F Baum)
If references are entirely missing, you can add them using this form.