Toward An Economic Theory of Multilateral Development Banking [electronic resource] / Gerd Schwartz.
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TextSeries: IMF Working Papers; Working Paper ; No. 93/40Publication details: Washington, D.C. : International Monetary Fund, 1993Description: 1 online resource (26 p.)ISBN: 1451845898 :ISSN: 1018-5941Subject(s): Banking | Capital Market | Credit Union | Exogenous Shocks | Germany | United StatesAdditional physical formats: Print Version:: Toward An Economic Theory of Multilateral Development BankingOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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.
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