November 13, 2010 The Return to Fiscal Rectitude After the Recent
... The so-called “Great Recession” of 2008-2009, and the governments’ and central banks’ reactions to it, obliterated the traditional and neat distinction that had existed between “fiscal” and “monetary” policies. Through their massive reduction of lending rates (essentially to close to zero or even to ...
... The so-called “Great Recession” of 2008-2009, and the governments’ and central banks’ reactions to it, obliterated the traditional and neat distinction that had existed between “fiscal” and “monetary” policies. Through their massive reduction of lending rates (essentially to close to zero or even to ...
Philip R. Lane IIIS, Trinity College Dublin and CEPR
... there is a clearly positive assocation between the quality of domestic institutions and the ability to attract capital inflows (see, amongst others, Lane and Milesi-Ferretti 2001, Lane 2004 and Alfaro et al 2008). Accordingly, the most obvious explanation of the ability of converging European count ...
... there is a clearly positive assocation between the quality of domestic institutions and the ability to attract capital inflows (see, amongst others, Lane and Milesi-Ferretti 2001, Lane 2004 and Alfaro et al 2008). Accordingly, the most obvious explanation of the ability of converging European count ...
Ethiopia - Lazard Asset Management
... Ethiopia has a very low savings rate, which is common among poor countries. The banking system is relatively small, with domestic credit totaling less than 10% of GDP.26 The domestic debt market is not very developed, even when compared with some other African countries such as Ghana, Kenya, and Nig ...
... Ethiopia has a very low savings rate, which is common among poor countries. The banking system is relatively small, with domestic credit totaling less than 10% of GDP.26 The domestic debt market is not very developed, even when compared with some other African countries such as Ghana, Kenya, and Nig ...
Transplants to Hybrids: Exploring Institutional
... compellingly explored in these pages by Woodruff, who relates the disparate effects of broadly similar corporate governance arrangements in Poland and Russia to the divergent privatization paths undertaken by those countries. The second point which the contributors to this symposium make regarding s ...
... compellingly explored in these pages by Woodruff, who relates the disparate effects of broadly similar corporate governance arrangements in Poland and Russia to the divergent privatization paths undertaken by those countries. The second point which the contributors to this symposium make regarding s ...
medium
... *IDB interest payment relief is defined as the difference between annual interest payments due before and after IDB relief (average 2007-2012); (**) Estimations based on social expenditure in 2005-2006 budget. Note: Poverty Reducing Expenditure as % of GDP (2006): BO 12.4%, GY 20.1%, HO 9.2%, NIC 13 ...
... *IDB interest payment relief is defined as the difference between annual interest payments due before and after IDB relief (average 2007-2012); (**) Estimations based on social expenditure in 2005-2006 budget. Note: Poverty Reducing Expenditure as % of GDP (2006): BO 12.4%, GY 20.1%, HO 9.2%, NIC 13 ...
PDF Download
... According to empirical estimations of current account benchmarks (see Table A1 in annex), the current accounts of Estonia and Lithuania are higher than would be expected in the long run on the basis of fundamental determinants, while that of Latvia is slightly lower than the expected level (Figure 5 ...
... According to empirical estimations of current account benchmarks (see Table A1 in annex), the current accounts of Estonia and Lithuania are higher than would be expected in the long run on the basis of fundamental determinants, while that of Latvia is slightly lower than the expected level (Figure 5 ...
The Global Recession and International Investing
... the variation in real GDP growth across the major developed and emerging market economies. The remaining economic volatility is a result of region-specific and country-specific factors. Of course, the correlation among international business cycles varies over time, by country, and by the source and ...
... the variation in real GDP growth across the major developed and emerging market economies. The remaining economic volatility is a result of region-specific and country-specific factors. Of course, the correlation among international business cycles varies over time, by country, and by the source and ...
Why Has There Been Less Financial Integration in Asia Than in Europe?
... is not quite as bad as the preceding paragraph suggests, since we have data on claims by banks in reporting Asian countries broken down not only into claims on one another but also into claims on other Asian countries (including China, Indonesia, Malaysia, Philippines, and Thailand, as noted above), ...
... is not quite as bad as the preceding paragraph suggests, since we have data on claims by banks in reporting Asian countries broken down not only into claims on one another but also into claims on other Asian countries (including China, Indonesia, Malaysia, Philippines, and Thailand, as noted above), ...
Chapter 12 - Pearson Higher Education
... Copyright ©2014 Pearson Education, Inc. All rights reserved. ...
... Copyright ©2014 Pearson Education, Inc. All rights reserved. ...
Slide 1
... • Industrial countries: transitory shocks and stable trend • Developing countries: trend shocks (“the trend is the cycle”): a current shock signals an even bigger future change in the same direction If optimal policy is forward-looking, its response to current output changes (the focus of convention ...
... • Industrial countries: transitory shocks and stable trend • Developing countries: trend shocks (“the trend is the cycle”): a current shock signals an even bigger future change in the same direction If optimal policy is forward-looking, its response to current output changes (the focus of convention ...
Session 8 - WordPress.com
... • The PAMSCAD cost US$85 million and began in 1988. • 1. It sought to create 40,000 jobs over a two-year period. It was aimed at the poorest individuals, small-scale miners and artisans in particular, and communities were to be helped to implement labor intensive self-help projects. • 2. ¢10 billion ...
... • The PAMSCAD cost US$85 million and began in 1988. • 1. It sought to create 40,000 jobs over a two-year period. It was aimed at the poorest individuals, small-scale miners and artisans in particular, and communities were to be helped to implement labor intensive self-help projects. • 2. ¢10 billion ...
Aalborg Universitet
... Chaaminade, 2007). Also, there have been attempts to broaden NSI approach to study the problems and challenges of development and underdevelopment (e.g. Muchie et al., 2003). Thus, NSI provides the conceptual approach or framework for studying both developed and developing economies at various stag ...
... Chaaminade, 2007). Also, there have been attempts to broaden NSI approach to study the problems and challenges of development and underdevelopment (e.g. Muchie et al., 2003). Thus, NSI provides the conceptual approach or framework for studying both developed and developing economies at various stag ...
RAI DIEZ a feb 27.indd - Sistema abierto de publicaciones seriadas
... units that shares some war possibility. As China advances in the road of competitiveness dependency links itself with developing countries interests as with other those nations offering cheap supply of raw materials. Fukuyama reminds us about this interests derived by the conflicting situation prese ...
... units that shares some war possibility. As China advances in the road of competitiveness dependency links itself with developing countries interests as with other those nations offering cheap supply of raw materials. Fukuyama reminds us about this interests derived by the conflicting situation prese ...
the impact of global financial integration on
... Institutions (Domestic Banking Business) Regulations 1996, and Financial Institutions (Non-Domestic Banking Business) Regulations 1996. From a prudential aspect, CBS also introduced a Local Asset Ratio4 of 50% of the total eligible deposits of the commercial banks in the year March 1988. This ratio ...
... Institutions (Domestic Banking Business) Regulations 1996, and Financial Institutions (Non-Domestic Banking Business) Regulations 1996. From a prudential aspect, CBS also introduced a Local Asset Ratio4 of 50% of the total eligible deposits of the commercial banks in the year March 1988. This ratio ...
Summary
... QUESTION 1: What is driving the trend toward globalization in the food retailing industry, and who is leading the way? ANSWER 1: There are five major reasons for the trend toward globalization in the food retailing industry. First, the dismantling of barriers to cross-border investment during the 1 ...
... QUESTION 1: What is driving the trend toward globalization in the food retailing industry, and who is leading the way? ANSWER 1: There are five major reasons for the trend toward globalization in the food retailing industry. First, the dismantling of barriers to cross-border investment during the 1 ...
COMPETITIVENESS REVISITED: A POLICY APPROACH FOR
... on the flexibilities that developing countries previously had for defining and implementing their own development strategies. In fact, these inflexibilities have not only impeded or serious ly limited the use of certain policy instruments in the short term, they have increasingly become a serious li ...
... on the flexibilities that developing countries previously had for defining and implementing their own development strategies. In fact, these inflexibilities have not only impeded or serious ly limited the use of certain policy instruments in the short term, they have increasingly become a serious li ...
Aalborg Universitet Recession
... This caught our attention and we came up with the argument that these differences are mainly due to the nature and distinct characteristics of the NSIs in these economies other things being equal. We carried out a study of BICS economies to examine how far the relative strength or weakness of the N ...
... This caught our attention and we came up with the argument that these differences are mainly due to the nature and distinct characteristics of the NSIs in these economies other things being equal. We carried out a study of BICS economies to examine how far the relative strength or weakness of the N ...
rtf 1.0MB - Australian Education International
... training industry remains resilient in the face of the global economic environment. The IMF’s projections forecast a less severe economic recession than previously foreseen, suggesting that a number of key countries will emerge from recession sooner, although global recovery will continue to take so ...
... training industry remains resilient in the face of the global economic environment. The IMF’s projections forecast a less severe economic recession than previously foreseen, suggesting that a number of key countries will emerge from recession sooner, although global recovery will continue to take so ...
“Emerging Economies: Now and Next” Tan Teng Boo
... sector including foreign investment, and a restructuring of the role of government. • The need for policy shift had become evident much earlier, as many countries in East Asia, especially China, achieved high growth and poverty reduction through policies which emphasised greater export orientat ...
... sector including foreign investment, and a restructuring of the role of government. • The need for policy shift had become evident much earlier, as many countries in East Asia, especially China, achieved high growth and poverty reduction through policies which emphasised greater export orientat ...
Global Determinants of Defense Budgets: Economic
... side. Powers of enforcement, coercion and punishment are vested in individuals and institutions. ...
... side. Powers of enforcement, coercion and punishment are vested in individuals and institutions. ...
Growth versus Redistribution Prabhat Patnaik
... Globalized finance capital will be happy when the so-called growth-promoting policies are pursued, but when the time for a switch from growth-promotion to redistribution comes, if it does come at all, i.e. if all prior efforts of finance capital to scuttle such a switch have been defeated, it will q ...
... Globalized finance capital will be happy when the so-called growth-promoting policies are pursued, but when the time for a switch from growth-promotion to redistribution comes, if it does come at all, i.e. if all prior efforts of finance capital to scuttle such a switch have been defeated, it will q ...
presentation file
... – Initial values of human capital (years of total schooling, higher schooling) • Government Policies – Restrictions: Capital Controls (IMF, AREAER). • Institutional Quality ...
... – Initial values of human capital (years of total schooling, higher schooling) • Government Policies – Restrictions: Capital Controls (IMF, AREAER). • Institutional Quality ...
the anatomy of a global financial crisis
... started applying the classical means to maintain economic activity, i.e. reduction of the interest rates. In addition, fund supply was increased. If by that time the global economy had experienced a recession of an average duration cycle, these means would probably have been sufficient to stimulate ...
... started applying the classical means to maintain economic activity, i.e. reduction of the interest rates. In addition, fund supply was increased. If by that time the global economy had experienced a recession of an average duration cycle, these means would probably have been sufficient to stimulate ...
economic insights - CIBC World Markets Research
... slowing in emerging markets growth will lead to just over 0.2%-pt softening in developed economies, with most of the impact seen in the Eurozone and Japan (Chart 3). The impact of slowing EMs on growth was noticeable but hardly a game changer (Chart 4). In fact, a softening in developed economies ha ...
... slowing in emerging markets growth will lead to just over 0.2%-pt softening in developed economies, with most of the impact seen in the Eurozone and Japan (Chart 3). The impact of slowing EMs on growth was noticeable but hardly a game changer (Chart 4). In fact, a softening in developed economies ha ...
Will Europe Face A Lost Decade? A Comparison With Japan`s
... unemployment. Rising government and private sector debt levels, current account imbalances and monetary inflexibility have become increasingly large challenges for the stability of the Euro area. Shambaugh (2012) argues that Europe is facing three crises at the same time: A banking crisis, a soverei ...
... unemployment. Rising government and private sector debt levels, current account imbalances and monetary inflexibility have become increasingly large challenges for the stability of the Euro area. Shambaugh (2012) argues that Europe is facing three crises at the same time: A banking crisis, a soverei ...