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Give Trust a Chance—A Model of Trust in the Context of an IMF-Supported Program

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  • Daouda Sembene

Abstract

This paper is an attempt to identify the determinants of trust between country authorities and IMF staff in the context of an IMF-supported program. Using an outcomes-based definition of trust, a game-theoretic model is developed to compute the level of trust between the two parties. The results and the analysis of trust-related issues emerging in a program context suggest that trust between country authorities and IMF staff exerts a positive impact on the likelihood of program success through its ability to improve the quality of the design, the efficiency of negotiation, and the effectiveness of implementation of an IMF-supported program. Some initiatives to secure such benefits and enhance trust in staff are proposed.

Suggested Citation

  • Daouda Sembene, 2007. "Give Trust a Chance—A Model of Trust in the Context of an IMF-Supported Program," IMF Working Papers 07/42, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:07/42
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=20442
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    References listed on IDEAS

    as
    1. Hong, Kessely & Bohnet, Iris, 2007. "Status and distrust: The relevance of inequality and betrayal aversion," Journal of Economic Psychology, Elsevier, vol. 28(2), pages 197-213, April.
    2. La Porta, Rafael, et al, 1997. "Trust in Large Organizations," American Economic Review, American Economic Association, vol. 87(2), pages 333-338, May.
    3. repec:hrv:faseco:30726298 is not listed on IDEAS
    4. Ralph Chami & Connel Fullenkamp, 2002. "Trust As a Means of Improving Corporate Governance and Efficiency," IMF Working Papers 02/33, International Monetary Fund.
    5. Alberto Alesina & Eliana La Ferrara, 2000. "The Determinants of Trust," NBER Working Papers 7621, National Bureau of Economic Research, Inc.
    6. Akbar Zaheer & Bill McEvily & Vincenzo Perrone, 1998. "Does Trust Matter? Exploring the Effects of Interorganizational and Interpersonal Trust on Performance," Organization Science, INFORMS, vol. 9(2), pages 141-159, April.
    7. Eric Santor, 2006. "Governance and the IMF: Does the Fund Follow Corporate Best Practice?," Staff Working Papers 06-32, Bank of Canada.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Fund-supported adjustment programs; Trust; IMF-supported Program; Program design and implementation; Negotiation; paper; probability; predictability; survey; predictions;

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