Marchesi, Silvia; Sabani, Laura; Dreher, Axel - 2009
We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the … optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF … the number of IMF conditions is lower in countries with a greater social complexity, while it increases with the bias of …