Toward An Economic Theory of Multilateral Development Banking

May 1, 1993

Preview Citation

Format: Chicago

Gerd Schwartz. Toward An Economic Theory of Multilateral Development Banking, (USA: International Monetary Fund, 1993) accessed December 21, 2024

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.

Subject: Capital markets, Credit bureaus, Financial institutions, Financial markets, Loans, Multilateral development institutions, Securities markets

Keywords: Amount of money, Capital market debt, Capital markets, Capital share, Credit bureaus, Decision process, Loans, MDB capital share, MDB lending, MDB management, MDB member country, MDB membership, Model views MDBs, Multilateral development institutions, Optimization problem, Policy parameter, Securities markets, WP

Publication Details

Pages:

26
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1993/040
Stock No:

WPIEA0401993
ISBN:

9781451845891
ISSN:

1018-5941

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