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Rodrik, Dani - C.E.P.R. Discussion Papers - 1995

inter-governmental links. This in turn endows multilateral agencies with an advantage in the exercise of conditionality …

Persistent link: https://www.econbiz.de/10005791490

Conditionality and Ownership in IMF Lending: A Political Economy Approach

Drazen, Allan - C.E.P.R. Discussion Papers - 2002

The relation between IMF conditionality and country ownership of assistance programs is considered from a political … economy perspective, focusing on the question of why conditionality is needed if it is in a country’s best interests to … conditionality and ownership. The Paper stresses a conflict between a reformist government and domestic interest groups that oppose …

Persistent link: https://www.econbiz.de/10005788965

The Need for Institutional Changes in the Global Financial System: An Analytical Framework

Claessens, Stijn; Underhill, Geoffrey R D - C.E.P.R. Discussion Papers - 2005

The international financial system has been the subject of much debate following the financial crises of the 1990s. While many reforms have been proposed for and implemented by mostly developing countries, few changes have been made to the international financial system itself. Fundamentally,...

Persistent link: https://www.econbiz.de/10005504421

Nominal Contracts as Behaviour Towards Risk

Minford, Patrick; Nowell, Eric - C.E.P.R. Discussion Papers - 1997

We look for a theoretical justification of nominal wage contracts in household diversification of risk. We assume it is more costly for households than for firms to use financial markets for this purpose. In a calibrated general equilibrium model we find from stochastic simulation that where...

Persistent link: https://www.econbiz.de/10005789213

Macroeconomic Policy and the Distribution of Growth Rates

Sirimaneetham, Vatcharin; Temple, Jonathan - C.E.P.R. Discussion Papers - 2006

We examine the view that high-quality macroeconomic policy is a necessary, but not sufficient, condition for economic growth. We first construct a new index of the quality of macroeconomic policy. We then directly compare growth rate distributions across countries with good and bad policies; use...

Persistent link: https://www.econbiz.de/10005792406

The Gravity of Knowledge

Keller, Wolfgang; Yeaple, Stephen R - C.E.P.R. Discussion Papers - 2009

How large are spatial barriers to transferring knowledge? We analyze the international operations of multinational firms to answer this fundamental question. In our model firms can transfer bits of knowledge to their foreign a¢ liates in either embodied (traded intermediates) or disembodied...

Persistent link: https://www.econbiz.de/10008558594

Why Does FDI Go Where it Goes? New Evidence from the Transitional Economies

Campos, Nauro F; Kinoshita, Yuko - C.E.P.R. Discussion Papers - 2003

This Paper examines the importance of agglomeration economies and institutions vis-à-vis initial conditions and factor endowments in explaining the locational choice of foreign investors. Using a unique panel data set for 25 transition economies between 1990-98, we find that the main...

Persistent link: https://www.econbiz.de/10005124111

Foreign Direct Investment as Technology Transferred: Some Panel Evidence from the Transition Economies

Campos, Nauro F; Kinoshita, Yuko - C.E.P.R. Discussion Papers - 2002

Although the theoretical literature has identified various sizeable benefits from foreign direct investment inflows (FDI), the empirical literature has been unable to establish a positive and significant impact of FDI on the rates of economic growth of host countries. One reason for this...

Persistent link: https://www.econbiz.de/10005114268

Indian Public Finance in the 1990s: Challenges and Prospects

Buiter, Willem H.; Patel, U - C.E.P.R. Discussion Papers - 1994

This study updates and extends to the period 1988/9--1992/3 our earlier analysis of the public finances of India. The foreign exchange crisis of early 1991 forced the government to recognize the severity of the fiscal crisis it was facing and led to the implementation of a restrictive fiscal and...

Persistent link: https://www.econbiz.de/10005114352

Importance of International Linkages for Local Know-How Flows: Some Econometric Evidence From Belgium

Cassiman, Bruno; Veugelers, Reinhilde - C.E.P.R. Discussion Papers - 1999

External knowledge is an important input for the innovation process of firms. Increasingly, this knowledge is likely to originate from outside of their national borders. This explains the preoccupation of policymakers with stimulating local technology transfers coming from international firms....

Persistent link: https://www.econbiz.de/10005656268

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