Abstract

http://ssrn.com/abstract=2106646
 
 

Footnotes (116)



 


 



A Two-Level Principal-Agent Model of IMF Lending: The Turkish Case


Merih Angin


Graduate Institute of International and Development Studies (HEI)

2012

APSA 2012 Annual Meeting Paper

Abstract:     
The literature examining the institutional aspects of the IMF can be grouped under two categories: state-centric and public choice approaches. The state-centric approach focuses on the influence of the powerful states in explaining the variation in the conditionalities of IMF loans, whereas public choice approaches put a greater emphasis on the intellectual dominance of the IMF staff. However, neither of these approaches fully explains the variation as they neglect the impact of the relation between the Executive Board, the IMF staff and the recipient country, on the decision-making of the institution. This paper presents a research project attempting to analyze the variations in IMF conditionalities through building a new conceptual framework. By focusing on the case study and theory dimensions that elucidate the puzzle of the research, the paper introduces a “Two-Level P-A Model” of IMF lending with hypotheses that will be tested using a single country study, namely the Turkish case.

Keywords: IMF, SAPs, Conditionality, P-A theory, Turkish economy

JEL Classification: F33

working papers series


Not Available For Download

Date posted: July 14, 2012 ; Last revised: April 9, 2014

Suggested Citation

Angin, Merih, A Two-Level Principal-Agent Model of IMF Lending: The Turkish Case (2012). APSA 2012 Annual Meeting Paper. Available at SSRN: http://ssrn.com/abstract=2106646

Contact Information

Merih Angin (Contact Author)
Graduate Institute of International and Development Studies (HEI) ( email )
PO Box 136
Geneva, CH-1211
Switzerland
Feedback to SSRN


Paper statistics
Abstract Views: 286

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo7 in 0.203 seconds