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Silvia Marchesi 《Research in Economics》2018,72(2):263-276
In this paper I relate Bank–Fund 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 informational asymmetries. Politically motivated loans seem—at least to some extent—stimulate more IMF–WB interaction, which turns out to be associated to a better country’s performance. 相似文献
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