Confidence in the world bank and IMF: Alignment of individual beliefs and institutional policies

John Anderson

Journal of International Financial Markets, Institutions and Money, 2024, vol. 93, issue C

Abstract: This study examines individual expressions of confidence in the World Bank and the International Monetary Fund using the World Values Survey-Wave 7 data to determine whether alignment of individual beliefs with institutional policies supports confidence and whether national borrowing from these institutions with attendant conditionalities erodes confidence. The main hypothesis tested is that confidence in each organization is positively associated with alignment of survey respondents’ economic beliefs and the policies of the organizations. Results indicate that closer alignment of beliefs with organization policies is positively associated with greater confidence but greater national borrowing from either organization erodes confidence. Conditionalities for assistance are resented by citizens in recipient countries.

Keywords: World bank; International monetary fund; International organizations; Beliefs; Confidence; Trust; Governance (search for similar items in EconPapers)
JEL-codes: F13 F34 O19 P48 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:intfin:v:93:y:2024:i:c:s1042443124000696

DOI: 10.1016/j.intfin.2024.102003

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