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Communication and performance in Bank–Fund joint participation

Silvia Marchesi ()

Research in Economics, 2018, vol. 72, issue 2, 263-276

Abstract: In this paper I relate Bank–Fund performance to their willingness (or ability) to communicate. I find evidence that a Bank–Fund simultaneous loan is associated to an increase in economic growth and that such effect is diminished by factors preventing full communication, such as the degree of Bank-Fund competition and the salience of informational asymmetries. Politically motivated loans seem—at least to some extent—stimulate more IMF–WB interaction, which turns out to be associated to a better country’s performance.

Keywords: IMF and WB conditionality; Coordination; Communication (search for similar items in EconPapers)
JEL-codes: D83 F33 N2 (search for similar items in EconPapers)
Date: 2018
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Working Paper: Communication and performance in Bank-Fund joint participation (2015) Downloads
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Handle: RePEc:eee:reecon:v:72:y:2018:i:2:p:263-276