کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5084018 1477826 2010 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
IMF surveillance as a signal to attract foreign investment
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
IMF surveillance as a signal to attract foreign investment
چکیده انگلیسی
Poor governance and endemic corruption hamper the efforts of some developing countries to attract foreign investment. Incentive schemes based on verifiable signals of varying costs and quality can be helpful in encouraging their governments to intensify corruption-control efforts. This paper ranks alternative signals, including surveillance by the IMF and other IFIs (International Financial Institutions), as catalysts for private foreign investments. We demonstrate that the ranking crucially depends on the bargaining strength of governments relative to foreign investors. If foreign lenders control the bargain, IFI signals are the first choice. If governments are in control, IFI signals become the choice of last resort.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Review of Economics & Finance - Volume 19, Issue 4, October 2010, Pages 562-574
نویسندگان
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