The Timing of Multilateral Lending

William Perraudin and Anne Sibert

Economic Journal, 2000, vol. 110, issue 460, 192-211

Abstract: Bargaining over the terms of multilateral lending can be a prolonged process. We model failure to come to quick agreement as a screening device. Policy makers who find conditionality especially costly delay to signal their type. We show that increased costs to not reaching agreement, whether borne by borrowers or lenders, can increase the chances of delay.

Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:ecj:econjl:v:110:y:2000:i:460:p:192-211

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