Mr. Mansoor Dailami
... Mobilizing international resources for development: Foreign direct investment and other private flows ...
... Mobilizing international resources for development: Foreign direct investment and other private flows ...
“Defining Financial Stability, and Some Policy Implications of Applying the Definition”
... Primary Fund experienced very substantial outflows due to investor concerns about its credit exposure to Lehman. While money market funds are highly regulated by the SEC and are supposed to hold high-quality liquid assets, investors were concerned that losses from Lehman would cause the Reserve Fund ...
... Primary Fund experienced very substantial outflows due to investor concerns about its credit exposure to Lehman. While money market funds are highly regulated by the SEC and are supposed to hold high-quality liquid assets, investors were concerned that losses from Lehman would cause the Reserve Fund ...
evaluating comparative and absolute advantage
... No record of default on government debt Sound monetary policy aimed at price stability. ...
... No record of default on government debt Sound monetary policy aimed at price stability. ...
A global perspective on the great financial insurance run: Causes
... and the real value of government debt tends to explode, rising an average of 86% in the major post–World War II episodes. In the remainder of this note, I elaborate on these points. I follow up with a sketch of how the crisis, deteriorating economic conditions, and more precarious fiscal fundamental ...
... and the real value of government debt tends to explode, rising an average of 86% in the major post–World War II episodes. In the remainder of this note, I elaborate on these points. I follow up with a sketch of how the crisis, deteriorating economic conditions, and more precarious fiscal fundamental ...
View/Open
... findings with regard to the financial sector of these economies, which are pertinent to this literature review. It was found that the different types of private financial institutions have been affected differently. There was a large fall in Portfolio investment in 2008 in most countries (ODI, 2009) ...
... findings with regard to the financial sector of these economies, which are pertinent to this literature review. It was found that the different types of private financial institutions have been affected differently. There was a large fall in Portfolio investment in 2008 in most countries (ODI, 2009) ...
Remarks by Alicia Bárcena, Executive Secretary of ECLAC
... America and the Caribbean (ECLAC) I would like to express my particular thanks to the Government of Argentina for organizing this interesting debate and for inviting the Economic Commission for Latin America and the Caribbean to participate in it. It is remarkable that the ...
... America and the Caribbean (ECLAC) I would like to express my particular thanks to the Government of Argentina for organizing this interesting debate and for inviting the Economic Commission for Latin America and the Caribbean to participate in it. It is remarkable that the ...
Contemporary Logistics Currency Internationalization and
... When a country’s economy developing into a certain extent, and its external trade scale being large enough, to promote its sovereign currency internationalizing is inevitable for an open economy. With the increase of currency internationalization degree and influence, it can bring extra income for i ...
... When a country’s economy developing into a certain extent, and its external trade scale being large enough, to promote its sovereign currency internationalizing is inevitable for an open economy. With the increase of currency internationalization degree and influence, it can bring extra income for i ...
Monetary Economics and the European Union Lecture: Week 1
... Fiat money is not backed by any commodity. Its intrinsic value depends on the reputation of the central bank. 5. Can Fixed Exchange Rates Still Work – the Case of the ERM? The European Exchange Rate Mechanism (ERM) was supposed to maintain exchange rate fluctuations for European currencies within 6 ...
... Fiat money is not backed by any commodity. Its intrinsic value depends on the reputation of the central bank. 5. Can Fixed Exchange Rates Still Work – the Case of the ERM? The European Exchange Rate Mechanism (ERM) was supposed to maintain exchange rate fluctuations for European currencies within 6 ...
Global FDI flows fell sharply last year by Kanaga Raja (28 Jan 13)
... productive investment, even though in some countries this has not been sufficient to avoid a deceleration. However, it warns, the developing and transition economies cannot avoid the impacts of economic troubles in the developed countries. This is already reflected in stagnating export volumes to t ...
... productive investment, even though in some countries this has not been sufficient to avoid a deceleration. However, it warns, the developing and transition economies cannot avoid the impacts of economic troubles in the developed countries. This is already reflected in stagnating export volumes to t ...
How Dodd-Frank and Other New U
... Street Reform and Consumer Protection Act and the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010. ...
... Street Reform and Consumer Protection Act and the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010. ...
Speech: The Role of International Financial Institutions
... IMF funding for Europe is controversial for three basic reasons. First, well before the turn of the century, many observers had convinced themselves that the so-called advanced countries would never again need to borrow from the IMF. This supposition was called into question when the IMF lent to Kor ...
... IMF funding for Europe is controversial for three basic reasons. First, well before the turn of the century, many observers had convinced themselves that the so-called advanced countries would never again need to borrow from the IMF. This supposition was called into question when the IMF lent to Kor ...
Figure 15.1
... Our analysis of the affects of adverse selection and moral hazard can also assist us in understanding financial crises, major disruptions （破坏）in financial markets. Then end result of most financial crises in the inability of markets to channel funds from savers to productive investment opportunities ...
... Our analysis of the affects of adverse selection and moral hazard can also assist us in understanding financial crises, major disruptions （破坏）in financial markets. Then end result of most financial crises in the inability of markets to channel funds from savers to productive investment opportunities ...
International Macro
... depreciates the exchange rates and leads to greater NX). The higher demand leads to higher inflation and higher interest rates which reduces consumption and investment. Fixed Exchange rates. A rise in the foreign interest rates will lead directly 1-for-1 increase interest rates which will lead to le ...
... depreciates the exchange rates and leads to greater NX). The higher demand leads to higher inflation and higher interest rates which reduces consumption and investment. Fixed Exchange rates. A rise in the foreign interest rates will lead directly 1-for-1 increase interest rates which will lead to le ...
Reshaping the Financial Architecture for Development Finance. The New Development Banks
... US$ 40 billion of capital. China is uniquely positioned amongst large emerging markets to be capable of funding significant development finance initiatives like the NDB, with foreign exchange reserves estimated at US$ 3.8 trillion as at December 2014. Recognising that such initiatives will strengthe ...
... US$ 40 billion of capital. China is uniquely positioned amongst large emerging markets to be capable of funding significant development finance initiatives like the NDB, with foreign exchange reserves estimated at US$ 3.8 trillion as at December 2014. Recognising that such initiatives will strengthe ...
Completing Economic and Monetary Union
... shock absorption function of the financial sector, thus amplifying negative shocks during the last crisis. It is important to reduce such procyclicality of the financial sector despite the current “integration fatigue.” Praet noted that the incompleteness of the banking union has been hindering the ...
... shock absorption function of the financial sector, thus amplifying negative shocks during the last crisis. It is important to reduce such procyclicality of the financial sector despite the current “integration fatigue.” Praet noted that the incompleteness of the banking union has been hindering the ...
The Multilateral Response to the Global Crisis - Inter
... same sample of countries, the speed with which central banks react to shocks (which is inversely related to measures of commitment to a given monetary policy stance) decreased significantly in most of the countries that recently adopted an inflation targeting regime. The greater policy flexibility a ...
... same sample of countries, the speed with which central banks react to shocks (which is inversely related to measures of commitment to a given monetary policy stance) decreased significantly in most of the countries that recently adopted an inflation targeting regime. The greater policy flexibility a ...
Slide 1
... fiscal support seems low. • New financial disaster, geopolitical issues/oil price surge, swine flue: economy’s capacity to absorb new shocks is very low. • Fiscal credibility loss or questions about continued independence of central banks. • Upside: we may underestimate effects of reduced uncertaint ...
... fiscal support seems low. • New financial disaster, geopolitical issues/oil price surge, swine flue: economy’s capacity to absorb new shocks is very low. • Fiscal credibility loss or questions about continued independence of central banks. • Upside: we may underestimate effects of reduced uncertaint ...
Financial structure and growth - Bank for International Settlements
... Minority shareholders have more tools, such as the exercise of their voting rights, to protect their interests from actions by management or large shareholders. For their part, creditors find it easier to avoid an automatic stay on assets and enjoy greater priority when their claims are secured and ...
... Minority shareholders have more tools, such as the exercise of their voting rights, to protect their interests from actions by management or large shareholders. For their part, creditors find it easier to avoid an automatic stay on assets and enjoy greater priority when their claims are secured and ...
US interest rates: how they`ll affect SA
... As mentioned, South Africa is running a current account deficit and this deficit is financed through foreign capital flows. So as long as these foreign capital flows continue to flow into a deficit economy (like South Africa), the current account deficit is maintained and the economy generally grows ...
... As mentioned, South Africa is running a current account deficit and this deficit is financed through foreign capital flows. So as long as these foreign capital flows continue to flow into a deficit economy (like South Africa), the current account deficit is maintained and the economy generally grows ...
Capital flows, exchange rate trade balances, and all that stuff
... assets are registered in the capital account • When a Lebanese company buys a US company (building, bond, ..), the transaction is recorded in the Lebanese BOP as a debit in the capital account and is recorded in the US as a credit in the capital account ...
... assets are registered in the capital account • When a Lebanese company buys a US company (building, bond, ..), the transaction is recorded in the Lebanese BOP as a debit in the capital account and is recorded in the US as a credit in the capital account ...
Global financial system
The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade financing. Since emerging in the late 19th century during the first modern wave of economic globalization, its evolution is marked by the establishment of central banks, multilateral treaties, and intergovernmental organizations aimed at improving the transparency, regulation, and effectiveness of international markets. In the late 1800s, world migration and communication technology facilitated unprecedented growth in international trade and investment. At the onset of World War I, trade contracted as foreign exchange markets became paralyzed by money market illiquidity. Countries sought to defend against external shocks with protectionist policies and trade virtually halted by 1933, worsening the effects of the global Great Depression until a series of reciprocal trade agreements slowly reduced tariffs worldwide. Efforts to revamp the international monetary system after World War II improved exchange rate stability, fostering record growth in global finance.A series of currency devaluations and oil crises in the 1970s led most countries to float their currencies. The world economy became increasingly financially integrated in the 1980s and 1990s due to capital account liberalization and financial deregulation. A series of financial crises in Europe, Asia, and Latin America followed with contagious effects due to greater exposure to volatile capital flows. The global financial crisis, which originated in the United States in 2007, quickly propagated among other nations and is recognized as the catalyst for the worldwide Great Recession. A market adjustment to Greece's noncompliance with its monetary union in 2009 ignited a sovereign debt crisis among European nations known as the Eurozone crisis.A country's decision to operate an open economy and globalize its financial capital carries monetary implications captured by the balance of payments. It also renders exposure to risks in international finance, such as political deterioration, regulatory changes, foreign exchange controls, and legal uncertainties for property rights and investments. Both individuals and groups may participate in the global financial system. Consumers and international businesses undertake consumption, production, and investment. Governments and intergovernmental bodies act as purveyors of international trade, economic development, and crisis management. Regulatory bodies establish financial regulations and legal procedures, while independent bodies facilitate industry supervision. Research institutes and other associations analyze data, publish reports and policy briefs, and host public discourse on global financial affairs.While the global financial system is edging toward greater stability, governments must deal with differing regional or national needs. Some nations are trying to orderly discontinue unconventional monetary policies installed to cultivate recovery, while others are expanding their scope and scale. Emerging market policymakers face a challenge of precision as they must carefully institute sustainable macroeconomic policies during extraordinary market sensitivity without provoking investors to retreat their capital to stronger markets. Nations' inability to align interests and achieve international consensus on matters such as banking regulation has perpetuated the risk of future global financial catastrophes.