Toward An Economic Theory of Multilateral Development Banking

Author/Editor:

Gerd Schwartz

Publication Date:

May 1, 1993

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper addresses an apparent lack of economic theory in the analysis of multilateral development bank (MDB) behavior. A simple comparative statics model that is adapted from the credit union literature is used to predict potential areas of conflict, agreement, and indifference between MDB member countries, analyze lending policies against the background of distributional conflicts, and show how various institutional reforms may improve efficiency and overall member country benefits.

Series:

Working Paper No. 93/40

Subject:

English

Publication Date:

May 1, 1993

ISBN/ISSN:

9781451845891/1018-5941

Stock No:

WPIEA0401993

Format:

Paper

Pages:

26

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