This paper assesses the impact of information asymmetries on developing country financing and considers alternative techniques to reduce the adverse implications of such asymmetries. Following an introduction, Section II examines in general terms the role of information in financial markets and...

This paper assesses the implementation of IMF-supported programs using measures of program interruptions, compliance with conditionally, and the share of committed funds disbursed. The econometric model allows an evaluation of the importance for program implementation of political conditions in...