IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Un modèle de conditionnalité ex ante de l'intervention multilaterale

  • Cécile Bastidon

    ()

    (LEAD - Laboratoire d'Économie Appliquée au Développement - Université Sud Toulon Var)

Notre objet est de déterminer si une conditionnalité de type ex ante, où l'évaluation précède le prêt, limite les comportements d'aléa moral liés à l'intervention du FMI. Le modèle comprend deux catégories d'investissements privés : durables, et spéculatifs. L'évaluation par le FMI donne lieu à une note, qui conditionne le prêt, mais aussi les investissements durables. Les investissements spéculatifs sont liés à logique d'aléa moral pur. Sous nos hypothèses, la conditionnalité ex ante est préférable à la conditionnalité ex post en termes d'allocation optimale des ressources multilatérales et de prévention des crises, même si l'importance accordée à la stabilisation à court terme du système de financement international entraîne la persistance d'un aléa moral de l'emprunteur.

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.

File URL: http://hal.archives-ouvertes.fr/docs/00/73/16/10/PDF/Bastidon_Birmingham_2003.pdf
Download Restriction: no

File URL: http://hal.archives-ouvertes.fr/docs/00/73/16/10/PDF/Bastidon_Birmingham_diapo_2003.pdf
Download Restriction: no

Paper provided by HAL in its series Post-Print with number hal-00731610.

as
in new window

Length:
Date of creation: 05 Jun 2003
Date of revision:
Publication status: Published - Presented, 20èmes Journées Internationales d'Economie Monétaire et Bancaire, GDR Economie Monétaire et Financière, 2003, Birmingham, United Kingdom
Handle: RePEc:hal:journl:hal-00731610
Note: View the original document on HAL open archive server: http://hal.archives-ouvertes.fr/hal-00731610
Contact details of provider: Web page: https://hal.archives-ouvertes.fr/

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.:

as in new window
  1. Ariel Rubinstein, 2010. "Perfect Equilibrium in a Bargaining Model," Levine's Working Paper Archive 661465000000000387, David K. Levine.
  2. Charles A. E. Goodhart & Haizhou Huang, 1999. "A model of the lender of last resort," Proceedings, Federal Reserve Bank of San Francisco.
  3. Eichengreen, Barry & Ruehl, Christoph, 2000. "The Bail-In Problem: Systematic Goals, Ad Hoc Means," CEPR Discussion Papers 2427, C.E.P.R. Discussion Papers.
  4. Kenneth Rogoff, 1999. "International Institutions for Reducing Global Financial Instability," NBER Working Papers 7265, National Bureau of Economic Research, Inc.
  5. Casella, Alessandra & Eichengreen, Barry, 1994. "Can Foreign Aid Accelerate Stabilization?," CEPR Discussion Papers 961, C.E.P.R. Discussion Papers.
  6. Houba, Harold & Sneek, Koos & Vardy, Felix, 2000. "Can negotiations prevent fish wars?," Journal of Economic Dynamics and Control, Elsevier, vol. 24(8), pages 1265-1280, July.
  7. C. A. E. Goodhart & H. Huang, 2000. "A Simple Model of an International Lender of Last Resort," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 29(1), pages 1-11, 02.
  8. Haizhou Huang & Charles Goodhart, 1999. "A Simple Model of an International Lender of Last Resort," FMG Discussion Papers dp336, Financial Markets Group.
  9. Fischer, Stanley, 1999. "Reforming the International Financial System," Economic Journal, Royal Economic Society, vol. 109(459), pages F557-76, November.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-00731610. 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: (CCSD)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.