Does Conditionality on Borrowing Help?

نویسندگان

چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Does Interbank Borrowing Reduce Bank Risk?

In this paper we investigate whether banks that borrow from other banks have lower risk levels. We concentrate on a large sample of Central and Eastern European banks which allows us to explore the impact of interbank lending when exposures are long-term and interbank borrowers are small banks. The results of the empirical analysis generally confirm the hypothesis that long-term interbank expos...

متن کامل

IMF Conditionality

This paper presents a principal-agent model of IMF conditional lending, in the aftermath of a “capital-account” liquidity crisis. We show that traditional ex-post conditionality can be e¤ective in safeguarding the Fund’s resources, allowing for the provision of e¢cient emergency lending and reducing ine¢cient ex-ante credit rationing if the capital out‡ow which triggers the crisis is not excess...

متن کامل

When does abstraction help?

Abstraction is a leading technique for coping with large state spaces. Abstraction over-approximates the transitions of the original system or the automaton that models it and may introduce nondeterminism. In applications where determinism is essential, we say that an abstraction function is helpful if, after determining and minimizing the abstract automaton, we end up with fewer states than th...

متن کامل

External Comments and Contributions on IMF Conditionality

The IMF pretty much argues that all is well with the conditionally contained in the programs it supports and sees no reason to change it. The recent report by the International Financial Institution Advisory Commission in stark contrast argues that conditionality doesn’t work and should be abandoned. Which of them is right? The answer is neither of them. Undoubtedly, IMF conditionality has its ...

متن کامل

On the Ternary Relation and Conditionality

Here is a familiar history: modal logics (see [13]) were around for some time before a semantic framework was found for them (by Kripke and others).1 This framework did at least two Very Good Things for modal logics: 1) it connected the powerful mathematical tools of model theory to these logics, allowing a variety of technical results to be proven, and 2) it connected modal logics (more) firml...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: International Business Research

سال: 2016

ISSN: 1913-9012,1913-9004

DOI: 10.5539/ibr.v9n7p12