Communication and Performance in Bank-Fund Joint Participation

28 Pages Posted: 27 Dec 2015 Last revised: 6 Jan 2016

See all articles by Silvia Marchesi

Silvia Marchesi

Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS); Università degli Studi di Milano-Bicocca - Center for European Studies (CefES); University of Milan - Centro Studi Luca d'Agliano (LdA)

Date Written: November 26, 2015

Abstract

In this paper I relate Bank-Funds 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

JEL Classification: D83, F33, N2

Suggested Citation

Marchesi, Silvia, Communication and Performance in Bank-Fund Joint Participation (November 26, 2015). University of Milan Bicocca Department of Economics, Management and Statistics Working Paper No. 319, Available at SSRN: https://ssrn.com/abstract=2708456 or http://dx.doi.org/10.2139/ssrn.2708456

Silvia Marchesi (Contact Author)

Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS) ( email )

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Università degli Studi di Milano-Bicocca - Center for European Studies (CefES)

University of Milan - Centro Studi Luca d'Agliano (LdA)

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Milano, Mi 20122
Italy

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