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dc.contributor.authorBougheas, Spiros P.en_US
dc.contributor.authorDasgupta, Indraneelen_US
dc.contributor.authorMorrissey, Oliveren_US
dc.date.accessioned2010-01-27en_US
dc.date.accessioned2010-07-07T12:03:42Z-
dc.date.available2010-07-07T12:03:42Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/35878-
dc.description.abstractLenders condition future loans on some index of past performance. Typically, banks condition future loans on repayments of earlier obligations whilst international organizations (official lenders) condition future loans on the implementation of some policy action ('investment'). We build an agency model that accounts for these tendencies. The optimal conditionality contract depends on exclusivity - the likelihood that a borrower who has been denied funds from the original lenders can access funds from other lenders.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 4604en_US
dc.subject.jelG21en_US
dc.subject.jelF34en_US
dc.subject.ddc330en_US
dc.subject.keywordLong-term loansen_US
dc.subject.keywordinvestment conditionsen_US
dc.subject.keywordrepayment conditionsen_US
dc.subject.keywordexclusivityen_US
dc.subject.stwKreditgeschäften_US
dc.subject.stwKonditionenen_US
dc.subject.stwKreditwürdigkeiten_US
dc.subject.stwAnpassungsprogramm des IWFen_US
dc.subject.stwAnreizvertragen_US
dc.subject.stwAgency Theoryen_US
dc.subject.stwTheorieen_US
dc.titleRepayment versus investment conditions and exclusivity in lending contractsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn617299269en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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