Conditionality as an Instrument of Borrower Credibility /
Fund member countries that adopt market-friendly policies often encounter a credibility problem-market-friendly policies are not effective in stimulating private investment as long as there remains a significant risk of policy reversal. The root of this risk lies in the discretionary policy-making a...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1997.
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| Series: | IMF Policy Discussion Papers; Policy Discussion Paper ;
No. 1997/002 |
| Subjects: | |
| Online Access: | Full text available on IMF |