Imf Conditionality and Program Ownership
Imf Conditionality and Program Ownership

Author: Mr.S. Nuri Erbas

Publisher: International Monetary Fund

Published: 2003-05-01

Total Pages: 19

ISBN-13: 1451852169

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Program conditionality and ownership are important considerations in the IMF's current rethinking of program design. This paper contributes to the literature by developing a theory of program conditionality and ownership on the basis of Cumulative Prospect Theory. The policymaker may value a set of programs, each with fewer conditions, more than an extended program with as many conditions. This valuation bias is greater in ambiguity (Knightian uncertainty) than under uncertainty. If greater valuation of a program engenders more explicit and implicit ownership, then programs with fewer conditions may have a better chance of success. Less is more.

Governance in South, Southeast, and East Asia
Governance in South, Southeast, and East Asia

Author: Ishtiaq Jamil

Publisher: Springer

Published: 2015-06-06

Total Pages: 258

ISBN-13: 3319152181

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This book explores and analyzes governance and policy issues in South, Southeast, and East Asia. It maps governance challenges and analyzes current trends from the perspectives of democracy, public policy, and public institutions. Regional public administration and governance systems have undergone some phenomenal changes over the last three decades and have played a key role in the economic progress of the area, especially in the Southeast and East Asian nations. Rich with country-specific evidence and analyses, the chapters in the book apply empirical and other research methods to examine shifting paradigms and best practices. This book develops an understanding of changes in the forms, process and practices of governance, both within the context of each nation and in a comparative perspective. The book will appeal to scholars, academics, students, and practitioners of public administration, political science, and policy issues.

The Speed of Adjustment and the Sequencing of Economic Reforms
The Speed of Adjustment and the Sequencing of Economic Reforms

Author: Saleh M. Nsouli

Publisher: International Monetary Fund

Published: 2002-08

Total Pages: 44

ISBN-13:

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This paper reviews the issues involved in determining the appropriate speed of adjustment and the sequencing of economic reforms, focusing on considerations relevant to policymakers. It points out that the debate between the protagonists of a high-speed approach and those favoring a gradualist approach is based primarily on the weights given to adjustment costs, policy credibility, reform feasibility, and risk assessment. It underscores the importance of appropriate sequencing and the impact of sequencing on the speed of adjustment and reforms. The paper concludes by highlighting factors that policymakers should consider when selecting their approach toward speed and sequencing.