Give Trust a Chance—A Model of Trust in the Context of an IMF-Supported Program
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Summary:
This paper is an attempt to identify the determinants of trust between country authorities and IMF staff in the context of an IMF-supported program. Using an outcomes-based definition of trust, a game-theoretic model is developed to compute the level of trust between the two parties. The results and the analysis of trust-related issues emerging in a program context suggest that trust between country authorities and IMF staff exerts a positive impact on the likelihood of program success through its ability to improve the quality of the design, the efficiency of negotiation, and the effectiveness of implementation of an IMF-supported program. Some initiatives to secure such benefits and enhance trust in staff are proposed.
Series:
Working Paper No. 2007/042
Subject:
English
Publication Date:
February 1, 2007
ISBN/ISSN:
9781451866063/1018-5941
Stock No:
WPIEA2007042
Pages:
30
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