登入選單
返回Google圖書搜尋
The Political Economy of Conditional and Unconditional Foreign Assistance
Mr.Wolfgang MayerMr.Alex Mourmouras
其他書名
Grants vs. Loan Rollovers
出版International Monetary Fund, 2004-03-01
主題Business & Economics / Industries / Financial ServicesBusiness & Economics / Economics / Macroeconomics
ISBN14518457239781451845723
URLhttp://books.google.com.hk/books?id=nlEYEAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋Improving the effectiveness of financial assistance programs is a priority of international financial institutions (IFIs). This paper examines the effectiveness of alternative assistance instruments in a dynamic political economy framework. Economic policies of the receiving country are distorted by the influence of a domestic interest group. The assistance-providing IFI aims at reducing these distortions. The IFI provides assistance either as grants or loans, and either conditionally on reducing policy distortions or unconditionally. The paper shows that, other things constant, one-time grants are more effective than loan rollovers when assistance is unconditional, but that the opposite is true when assistance is conditional.