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In a series of summits, leading countries of the world will meet to draw up an international arrangement for financial … considers the problems that have to be solved by an international rule system. -- Financial instability ; lessons from the … subprime crisis ; failures of regulation ; crisis management ; elements of an international rule system ; role of the IMF …
Persistent link: https://www.econbiz.de/10003773194
restructure the international financial architecture. However, policymakers are rightly criticized for having made only limited … progress in adjusting the regulatory and institutional framework to increased international capital mobility. This failure is … authorities in the ongoing reform debate. In the international context, especially the Bundesbank seems to fight a losing battle …
Persistent link: https://www.econbiz.de/10011491119
Financial crises can have a severe impact on the real side of the economy with countries losing up to 20 percent of GDP. The paper studies rules that prevent financial instability and currency crises. These include institutional arrangements for a solid banking system, prudent regulations and...
Persistent link: https://www.econbiz.de/10003628654
We analyze the aid portfolio of various bilateral and multilateral donors, testing whether they have prioritised aid in line with the Millennium Development Goals (MDGs). In doing so, we combine sectorally disaggregated aid data with indicators reflecting the situation of recipient countries...
Persistent link: https://www.econbiz.de/10003247640
In this paper, we perform a Tobit analysis of aid allocation, covering the period 1999-2002 and accounting for both altruistic and selfish donor motives. It turns out that poorer countries get clearly more aid from both bilateral and multilateral donors. Most donors are also found to direct...
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