policy space
... sovereignty of nation states to make their own policy decisions (e.g. Gallagher, 2005; Hamwey, 2005; Abugattas and Paus, 2006; Brown and Stern, 2006; DiCaprio and Gallagher, 2006; Kumar and Gallagher, 2007). Most of these studies voice the concern that UR disciplines prevent developing countries fro ...
... sovereignty of nation states to make their own policy decisions (e.g. Gallagher, 2005; Hamwey, 2005; Abugattas and Paus, 2006; Brown and Stern, 2006; DiCaprio and Gallagher, 2006; Kumar and Gallagher, 2007). Most of these studies voice the concern that UR disciplines prevent developing countries fro ...
THE ECONOMICS OF AUSTERITY Centre for Business Research
... With increasingly strident demands for austerity – and equally vociferous arguments against – one might assume that the definition of austerity, its objectives and effects, are clearly understood. However, as Galbraith observed about the tendency for theory to follow events, ideas about austerity e ...
... With increasingly strident demands for austerity – and equally vociferous arguments against – one might assume that the definition of austerity, its objectives and effects, are clearly understood. However, as Galbraith observed about the tendency for theory to follow events, ideas about austerity e ...
RVI114Hermann_en.pdf
... needed to estimate asset risks and returns. Uncertainty, unlike risk, cannot be priced, i.e. cannot be factored into market interest rates. This makes it reasonable that there should normally be some preference for liquidity, as a way of protecting against unforeseeable risks. In Keynes’s view, the ...
... needed to estimate asset risks and returns. Uncertainty, unlike risk, cannot be priced, i.e. cannot be factored into market interest rates. This makes it reasonable that there should normally be some preference for liquidity, as a way of protecting against unforeseeable risks. In Keynes’s view, the ...
financial development and economic growth: a critical view
... countries in the post-War decades has become a core element of the economic reform and structural adjustment process led by the international financial institutions. The new standard model of financial structure was held to reflect the imperatives of ‘financial development’ based both on research in ...
... countries in the post-War decades has become a core element of the economic reform and structural adjustment process led by the international financial institutions. The new standard model of financial structure was held to reflect the imperatives of ‘financial development’ based both on research in ...
Reflections on Monetary and Fiscal Policies and Economic
... exchange reserves. But surely advocates of monetary targeting are aware of this and, in fact, monetary or credit budgeting is generally attempted on a disaggregated basis. Indeed, it can be claimed as a merit of monetary targeting that it focuses attention on a proper mix of budgetary, monetary and ...
... exchange reserves. But surely advocates of monetary targeting are aware of this and, in fact, monetary or credit budgeting is generally attempted on a disaggregated basis. Indeed, it can be claimed as a merit of monetary targeting that it focuses attention on a proper mix of budgetary, monetary and ...
-63- Section 5 “Imbalance” in the world economy Section 5 Key
... trend, which has been on an upturn since 2000. On the other hand, there was a great deal of capital inflow with respect to the financial account balance prior to the crisis, with surpluses in all three items of direct investment, portfolio investment and other investment. However, the outbreak of th ...
... trend, which has been on an upturn since 2000. On the other hand, there was a great deal of capital inflow with respect to the financial account balance prior to the crisis, with surpluses in all three items of direct investment, portfolio investment and other investment. However, the outbreak of th ...
Macroeconomics in developing countries
... Macroeconomics was developed in, and for, the industrialized countries. Theory and policy were both c'oncerned with how monetary and fiscal policies should be used in those economies and what might be expected of such policies in terms of attaining full employment, controlling inflation or stabilizi ...
... Macroeconomics was developed in, and for, the industrialized countries. Theory and policy were both c'oncerned with how monetary and fiscal policies should be used in those economies and what might be expected of such policies in terms of attaining full employment, controlling inflation or stabilizi ...
The development of capital market and its impact on providing
... business firm owners. In order to be efficient financial policies, business firms should be informed about potential funding sources. In terms of developed financial markets, business firms can raise funds from more financial resources through financial instruments used to finance the activities of ...
... business firm owners. In order to be efficient financial policies, business firms should be informed about potential funding sources. In terms of developed financial markets, business firms can raise funds from more financial resources through financial instruments used to finance the activities of ...
The Growth of Multinational Banking, the Eur.,..currency Market and
... critically and restricted foreign direct private investment. They have however on the whole welcomed foreign private credit flows, often on a large and relatively indiscriminate scale. It therefore seems particularly important to evaluate the effects of such flows on developing countries. As we shal ...
... critically and restricted foreign direct private investment. They have however on the whole welcomed foreign private credit flows, often on a large and relatively indiscriminate scale. It therefore seems particularly important to evaluate the effects of such flows on developing countries. As we shal ...
Working Paper No. 598 - Levy Economics Institute of Bard College
... Commonwealth of Independent States (CIS), where economies have been most dramatically hit by the global crisis and its impact is likely to be most long-lasting, especially among poor and vulnerable groups. Using poverty as the main axis, it looks at aspects of economic and social development in coun ...
... Commonwealth of Independent States (CIS), where economies have been most dramatically hit by the global crisis and its impact is likely to be most long-lasting, especially among poor and vulnerable groups. Using poverty as the main axis, it looks at aspects of economic and social development in coun ...
Document
... between countries at different stages of economic development. Because many developing economies offer potentially rich opportunities for investment, it is natural that they have current account deficits and borrow from richer countries. In the 1970s countries in Latin America entered an era of dist ...
... between countries at different stages of economic development. Because many developing economies offer potentially rich opportunities for investment, it is natural that they have current account deficits and borrow from richer countries. In the 1970s countries in Latin America entered an era of dist ...
Chapter 22 Developing Countries: Growth, Crisis
... between countries at different stages of economic development. Because many developing economies offer potentially rich opportunities for investment, it is natural that they have current account deficits and borrow from richer countries. In the 1970s countries in Latin America entered an era of dist ...
... between countries at different stages of economic development. Because many developing economies offer potentially rich opportunities for investment, it is natural that they have current account deficits and borrow from richer countries. In the 1970s countries in Latin America entered an era of dist ...
The legacy and challenge of fiscal policy in sub
... policy has an important role in developing countries, both with regard to the promotion of sustained economic growth and the reduction of poverty. Fiscal policy is likely to be of particular importance in the African context, where the challenges of raising growth rates and reducing poverty are acut ...
... policy has an important role in developing countries, both with regard to the promotion of sustained economic growth and the reduction of poverty. Fiscal policy is likely to be of particular importance in the African context, where the challenges of raising growth rates and reducing poverty are acut ...
Fiscal Transparency in Turkey
... • “Turkey’s fiscal management practices still fall short ..of the fiscal transparency code in a number of important respects. Budget coverage is limited to the consolidated central government; budget preparation and execution are fragmented among a number of institutions, with none of them having fu ...
... • “Turkey’s fiscal management practices still fall short ..of the fiscal transparency code in a number of important respects. Budget coverage is limited to the consolidated central government; budget preparation and execution are fragmented among a number of institutions, with none of them having fu ...
Mary O'Mahony - Regional Cooperation Council
... Importance of social sector highlighted but little detail on specific reforms or investments o Albania: Training programmes for unemployed, health and education are priority sectors for capital expenditure o Bosnia and Herzegovina: Reform of social transfers (agreements with IMF and World Bank), lab ...
... Importance of social sector highlighted but little detail on specific reforms or investments o Albania: Training programmes for unemployed, health and education are priority sectors for capital expenditure o Bosnia and Herzegovina: Reform of social transfers (agreements with IMF and World Bank), lab ...
Pleasanton Economic Outlook
... Growth slower than normal recovery 1.4% disposable personal income growth 2% inflation ...
... Growth slower than normal recovery 1.4% disposable personal income growth 2% inflation ...
Fiscal Policy for Growth and Development
... that aim to adjust the distribution of income, opportunities, assets, or risk that emerge from private market activity so that it better reflects the ethical views endorsed by society. There is no simple mapping from rationales to objectives. Fiscal policy undertaken under one or more rationales wil ...
... that aim to adjust the distribution of income, opportunities, assets, or risk that emerge from private market activity so that it better reflects the ethical views endorsed by society. There is no simple mapping from rationales to objectives. Fiscal policy undertaken under one or more rationales wil ...
Globalization and Inequality
... subsidies. Developing countries are especially affected by this trends. Governments in agricultural economies, for example, typically levied export taxes as an efficient means to collect tax revenues in the abs ...
... subsidies. Developing countries are especially affected by this trends. Governments in agricultural economies, for example, typically levied export taxes as an efficient means to collect tax revenues in the abs ...
Redalyc.Financialization, income distribution and the crisis
... Within a few weeks the recapitalization financial institutions and massive guarantees for interbank credits became mainstream economic policy. Recapitalization meant that governments effectively nationalized (fully or partly) financial institutions –but governments abstained from interfering with the ...
... Within a few weeks the recapitalization financial institutions and massive guarantees for interbank credits became mainstream economic policy. Recapitalization meant that governments effectively nationalized (fully or partly) financial institutions –but governments abstained from interfering with the ...
NBER WORKING PAPER SERIES TRADE WARS: THE EXAGGERATED IMPACT OF TRADE
... and wages. On the basis of forecasts of a huge trade surplus with Mexico, the Administration promised that NAFTA would create 200,000 jobs per year.5 Perot claimed that the treaty was going to cost the US 4% of employment (the great sucking sound of jobs moving to Mexico) and encourage illegal immig ...
... and wages. On the basis of forecasts of a huge trade surplus with Mexico, the Administration promised that NAFTA would create 200,000 jobs per year.5 Perot claimed that the treaty was going to cost the US 4% of employment (the great sucking sound of jobs moving to Mexico) and encourage illegal immig ...
SOCIAL WELFARE, GLOBALISATION
... have been in the forefront of efforts to internationalize the world economy. Globalization provides market expansion opportunities for their technologically advanced industries, even though at the same time these countries have experienced severe labor market bifurcation. Furthermore, this process o ...
... have been in the forefront of efforts to internationalize the world economy. Globalization provides market expansion opportunities for their technologically advanced industries, even though at the same time these countries have experienced severe labor market bifurcation. Furthermore, this process o ...
New Structural Economics
... http://unstats.un.org/unsd/methods/icp/ipc7_htm.htm Source: Maddison, A. (2006). The World Economy. Paris: Organisation for Economic Cooperation and Development, ...
... http://unstats.un.org/unsd/methods/icp/ipc7_htm.htm Source: Maddison, A. (2006). The World Economy. Paris: Organisation for Economic Cooperation and Development, ...
From Populist Destabilization to Reform and Possible Debt Relief
... Measuring the Debt Burden. In its preliminary Debt Sustainability Analysis completed on June 26, 2015, the IMF (2015a) warned that “changes in policies and in the outlook” in the first half of 2015 meant that financing needs would reach €50 billion from October 2015 to end-2018. As a consequence, “a ...
... Measuring the Debt Burden. In its preliminary Debt Sustainability Analysis completed on June 26, 2015, the IMF (2015a) warned that “changes in policies and in the outlook” in the first half of 2015 meant that financing needs would reach €50 billion from October 2015 to end-2018. As a consequence, “a ...
031909a
... Restoring confidence is key to resolving the crisis, and this calls for tackling head-on problems in the financial sector. Policymakers must resolve urgently balance sheet uncertainty by dealing aggressively with distressed assets and recapitalizing viable institutions. ...
... Restoring confidence is key to resolving the crisis, and this calls for tackling head-on problems in the financial sector. Policymakers must resolve urgently balance sheet uncertainty by dealing aggressively with distressed assets and recapitalizing viable institutions. ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... referred to as FD-EG) nexus, but the method of estimation and efficient form of relationship is of importance to size and reliability of the relationship, therefore, this study addresses the question of reliability and robustness of method of estimation used by previous studies. It is also crucial t ...
... referred to as FD-EG) nexus, but the method of estimation and efficient form of relationship is of importance to size and reliability of the relationship, therefore, this study addresses the question of reliability and robustness of method of estimation used by previous studies. It is also crucial t ...