Reinsberg, Bernhard; Kern, Andreas; Rau-Goehring, Matthias - 2021
'. Studying this mechanism in the context of the International Monetary Fund (IMF), we argue that through prescribing structural … loan conditions on central banks (CBI conditionality), the IMF empowers monetary authorities that can serve as a veto … player to the government. Relying on a dataset including up to 124 countries between 1980 and 2012, we find that the IMF …