The Asian engine for global growth www.pwc.com/jp
... instance, is now combating both rising inflation and a significant real estate bubble. Trade protectionism is another risk. As trade surplus nations, often with artificially under-valued currencies, countries in Asia-Pacific, especially export powerhouses like China and South Korea, are facing a backlas ...
... instance, is now combating both rising inflation and a significant real estate bubble. Trade protectionism is another risk. As trade surplus nations, often with artificially under-valued currencies, countries in Asia-Pacific, especially export powerhouses like China and South Korea, are facing a backlas ...
Governance, Financial Liberalization, and Financial Development in
... Limited & inadequate access to capital has varied effects on the economy (AfDB, 2010) Low productivity in agric in rural areas Limits contributions of SMEs to private dev Slows financial dev in oil-exporting countries with a huge capital assets tied to oil prices Countries successful in attrac ...
... Limited & inadequate access to capital has varied effects on the economy (AfDB, 2010) Low productivity in agric in rural areas Limits contributions of SMEs to private dev Slows financial dev in oil-exporting countries with a huge capital assets tied to oil prices Countries successful in attrac ...
Post-NPM and Governance Redefi ned Instituting a whole-of-government
... shock, the macroeconomic configuration must be adjusted and the fiscal stance must reequilibrate demand and supply of domestic and foreign assets. Any re-configuration in the macroeconomic policy variables will have some effect on the fiscal structure, which varies from country to country. This asks ...
... shock, the macroeconomic configuration must be adjusted and the fiscal stance must reequilibrate demand and supply of domestic and foreign assets. Any re-configuration in the macroeconomic policy variables will have some effect on the fiscal structure, which varies from country to country. This asks ...
The New Mercantilism and the crisis of global capitalism: Elements
... means of increasing the trade balance (exchange depreciation, reduction in wages, subsidies to export and restriction of imports by means of tariffs and quotas) and studied their impact on employment. Focusing on situations of less than full employment, she in fact explained the raison d’être of pro ...
... means of increasing the trade balance (exchange depreciation, reduction in wages, subsidies to export and restriction of imports by means of tariffs and quotas) and studied their impact on employment. Focusing on situations of less than full employment, she in fact explained the raison d’être of pro ...
Global economic conditions survey report: Q3, 2012
... of business confidence are up from the lows of late 2011, and roughly similar to those seen just over a year ago. As a result of deteriorating fundamentals, perceptions of the state of the recovery have also shifted. Over half (67%, up from 64%) of the global sample now believe that the global recov ...
... of business confidence are up from the lows of late 2011, and roughly similar to those seen just over a year ago. As a result of deteriorating fundamentals, perceptions of the state of the recovery have also shifted. Over half (67%, up from 64%) of the global sample now believe that the global recov ...
The great divide in the global village
... pattern, with a savings rate of almost 40 percent Of GDP. This factor, along with domestic credit creation, has been its key motor of economic growth. China now holds more than $100 billion in low-yielding foreign -exchange reserves, the second largest reserves in the world. In short, global markets ...
... pattern, with a savings rate of almost 40 percent Of GDP. This factor, along with domestic credit creation, has been its key motor of economic growth. China now holds more than $100 billion in low-yielding foreign -exchange reserves, the second largest reserves in the world. In short, global markets ...
Lecture 1 International Economics Introduction and Overview
... Purpose: To prevent “beggar-thy-neighbor” exchangerate policies Major currencies switched to floating in 1970s IMF still provides financial assistance Mostly to developing countries Subject to “conditionality” = required policy changes In 21st century, many countries have been paying off ...
... Purpose: To prevent “beggar-thy-neighbor” exchangerate policies Major currencies switched to floating in 1970s IMF still provides financial assistance Mostly to developing countries Subject to “conditionality” = required policy changes In 21st century, many countries have been paying off ...
the article - University of Maryland
... taxing the global profits of multinational groups and redistributing a proportion of those tax receipts to the country in which the value is created. This would be analogous to converging to a source-based tax system, which many multinational corporations are vehemently lobbying against. While Stigl ...
... taxing the global profits of multinational groups and redistributing a proportion of those tax receipts to the country in which the value is created. This would be analogous to converging to a source-based tax system, which many multinational corporations are vehemently lobbying against. While Stigl ...
Was The "Tequila Effect" Rational? Richard Doyle, Dominic Scott and Carmel
... early eighties. Though it had since begun reform, the rapidity of its economic growth and the magnitude of capital inflows meant that there were many opportunities to make soft loans. The bank reform undertaken after the crisis implied that some banks were too small while others were still state-own ...
... early eighties. Though it had since begun reform, the rapidity of its economic growth and the magnitude of capital inflows meant that there were many opportunities to make soft loans. The bank reform undertaken after the crisis implied that some banks were too small while others were still state-own ...
A Comprehensive Economic Stimulus for our Failing Economy
... The most recent rate cut most likely will not instill confidence in financial markets, due to the fact that the effective funds rate is no longer closely tied to the target rate and the fact that the funds rate was already approaching the zero bound. Additionally, the reduction in the funds rate wil ...
... The most recent rate cut most likely will not instill confidence in financial markets, due to the fact that the effective funds rate is no longer closely tied to the target rate and the fact that the funds rate was already approaching the zero bound. Additionally, the reduction in the funds rate wil ...
M. Singer – Economic developments globally and in Europe
... • Others (e.g. Spain, Ireland) were living within their means, but 1) bank bailouts, 2) demand stimulus during crisis, and 3) recession then worsened their fiscal situation significantly • Market financing of public debt became too expensive (or impossible) for some countries at some point in time • ...
... • Others (e.g. Spain, Ireland) were living within their means, but 1) bank bailouts, 2) demand stimulus during crisis, and 3) recession then worsened their fiscal situation significantly • Market financing of public debt became too expensive (or impossible) for some countries at some point in time • ...
ODA to Latin America
... The total was divided into five tranches The first tranche carried no conations Borrowing in the higher tranches required country to sign an agreement with the Fund to take policy steps that would correct the current account deficit Purpose of this conditionality was to correct the imbalance by redu ...
... The total was divided into five tranches The first tranche carried no conations Borrowing in the higher tranches required country to sign an agreement with the Fund to take policy steps that would correct the current account deficit Purpose of this conditionality was to correct the imbalance by redu ...
Course outline
... This course introduces to the main concepts and analytical tools used in Debt Analysis and Debt Sustainability Analysis as performed at international organizations such as the IMF and the EC. All the analytical tools discussed have a straight empirical application which yields many of the fiscal ind ...
... This course introduces to the main concepts and analytical tools used in Debt Analysis and Debt Sustainability Analysis as performed at international organizations such as the IMF and the EC. All the analytical tools discussed have a straight empirical application which yields many of the fiscal ind ...
View/Open
... • Infrastructure failings, reflected in poor roads and rail networks, epileptic power supply, inadequate and chaotic telecommunications system, inadequate water supply, etc. • High level of corruption and inflation, which increase the cost of doing business and uncompetitiveness, respectively. Busin ...
... • Infrastructure failings, reflected in poor roads and rail networks, epileptic power supply, inadequate and chaotic telecommunications system, inadequate water supply, etc. • High level of corruption and inflation, which increase the cost of doing business and uncompetitiveness, respectively. Busin ...
The Hydra-Headed Crisis
... emanating from the Bretton Woods institutions. These recipes were imposed on indebted countries throughout the developing world and elsewhere. Paradoxically, as a result of the 2008 global financial crisis, the US and the UK emerged as significantly indebted countries but, of course, they have not b ...
... emanating from the Bretton Woods institutions. These recipes were imposed on indebted countries throughout the developing world and elsewhere. Paradoxically, as a result of the 2008 global financial crisis, the US and the UK emerged as significantly indebted countries but, of course, they have not b ...
IPE, CPE, globalization and regional integration
... government; firms with production facilities in more than one country can evade these costs by exiting the national economy; governments must thus embrace the free market if they are to compete for the investment and jobs provided by multinational firms Integration of financial markets – traders o ...
... government; firms with production facilities in more than one country can evade these costs by exiting the national economy; governments must thus embrace the free market if they are to compete for the investment and jobs provided by multinational firms Integration of financial markets – traders o ...
Manifesto for Giant Funds : LSE press release
... capital markets are efficient, that prices are always right, capital markets are selfstabilizing and competition keeps banks and financial firms from earning abnormal profits The reality is very different. The finance industry is performing its utilitarian task of channelling savings into real inves ...
... capital markets are efficient, that prices are always right, capital markets are selfstabilizing and competition keeps banks and financial firms from earning abnormal profits The reality is very different. The finance industry is performing its utilitarian task of channelling savings into real inves ...
The Political Economy of Finance: Greece from Postwar to EMU
... civil society. Such institutional attributes at the aggregate macro-level amount to structural properties of the economy, polity, and society, that allow us, for example, to talk of underdevelopment of capitalist, democratic, or civil society institutions. A structural endowment corresponding to a p ...
... civil society. Such institutional attributes at the aggregate macro-level amount to structural properties of the economy, polity, and society, that allow us, for example, to talk of underdevelopment of capitalist, democratic, or civil society institutions. A structural endowment corresponding to a p ...
The Situation of Transition Economies In The Global Crisis
... From this point of view, government has two main tasks. First one is to organize basic rights and liberties according to current norms. Second one is to make market more competitive. Fulfilling the two tasks here depends on the context, consistency and practice capacity of legal regulations (Altay,2 ...
... From this point of view, government has two main tasks. First one is to organize basic rights and liberties according to current norms. Second one is to make market more competitive. Fulfilling the two tasks here depends on the context, consistency and practice capacity of legal regulations (Altay,2 ...
International Development Economics Associates (IDEAs) International Conference on
... borrowing countries, should be based on the PRSPs. But the reverse has been the case. Partly because most PRGFs have been negotiated before PRSPs, they have bypassed any national dialogue or debate, in which various policy options could be evaluated. The PRGF macroeconomic framework is imported virt ...
... borrowing countries, should be based on the PRSPs. But the reverse has been the case. Partly because most PRGFs have been negotiated before PRSPs, they have bypassed any national dialogue or debate, in which various policy options could be evaluated. The PRGF macroeconomic framework is imported virt ...
Currency, Economics and Financial Markets
... Crises Facing the IMF • Foreign Debt Crisis: – If a country owes more than it earns: • Huge amounts of its GDP is earmarked for interest and principle payments on loans rather than the education and health of its citizens • Government is not free to use its income to stimulate its economy • Nationa ...
... Crises Facing the IMF • Foreign Debt Crisis: – If a country owes more than it earns: • Huge amounts of its GDP is earmarked for interest and principle payments on loans rather than the education and health of its citizens • Government is not free to use its income to stimulate its economy • Nationa ...
resource curse
... exhaustible resource revenues could also lead to... Sustainability ►resource revenues would not last for ever; there is a need to adopt an “exit strategy” and build a “resource buffer”. Intergenerational equity ►resource revenues are derived from depleting the country’s net wealth; they could be all ...
... exhaustible resource revenues could also lead to... Sustainability ►resource revenues would not last for ever; there is a need to adopt an “exit strategy” and build a “resource buffer”. Intergenerational equity ►resource revenues are derived from depleting the country’s net wealth; they could be all ...
Bank of England Inflation Report November 2013 Demand
... Constructed using data for the real GDP growth rates of 143 countries weighted according to their shares in UK exports. The observation for 2013 Q2 is an estimate: for those countries where national accounts data for 2013 Q2 are not yet available, data are assumed to be consistent with projections i ...
... Constructed using data for the real GDP growth rates of 143 countries weighted according to their shares in UK exports. The observation for 2013 Q2 is an estimate: for those countries where national accounts data for 2013 Q2 are not yet available, data are assumed to be consistent with projections i ...
The Eurozone Crisis: Unnecessary and Self
... “Suicides rose by 17% in 2009 from 2007 and unofficial 2010 data quoted in parliament mention a 25% rise compared with 2009. The Minister of Health reported a 40% rise in the first half of 2011 compared with the same period in 2010 […] Violence has also risen, and homicide and theft rates nearly dou ...
... “Suicides rose by 17% in 2009 from 2007 and unofficial 2010 data quoted in parliament mention a 25% rise compared with 2009. The Minister of Health reported a 40% rise in the first half of 2011 compared with the same period in 2010 […] Violence has also risen, and homicide and theft rates nearly dou ...
Tackling the World Recession John Grieve Smith
... One of the problems facing government policy makers everywhere at the present time is the exceptional uncertainty of any short-term economic forecasts. All the major economies were showing signs of a slow-down before the terrorists attacks, and these have clearly accentuated the danger of a serious ...
... One of the problems facing government policy makers everywhere at the present time is the exceptional uncertainty of any short-term economic forecasts. All the major economies were showing signs of a slow-down before the terrorists attacks, and these have clearly accentuated the danger of a serious ...