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Communication and performance in Bank-Fund joint participation

Silvia Marchesi ()

No 319, Working Papers from University of Milano-Bicocca, Department of Economics

Abstract: In this paper I relate Bank-Fund's 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 asymmetric information. Politically motivated loans seem -at least to some extent- stimulate more IMF-WB interaction which turns out to be associated to higher economic growth.

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: 2015-12-28, Revised 2015-12-28
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Journal Article: Communication and performance in Bank–Fund joint participation (2018) Downloads
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