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Policy Assessment of the European Central Bank and the Stability and Growth Pact’s Echo of the Conventional Wisdom on Budget Management

Ginn, William E. - EconWPA - 2004

, accountability, transparency, flexibility, and both goal and instrument independence; 2) Theoretical analysis of discrepancies of the …

Persistent link: https://www.econbiz.de/10005556620

Cost recovery by Government agencies

Commission, Productivity - EconWPA - 2002

The Commonwealth Government asked the Productivity Commisison to review cost recovery arrangements across the Government's regulatory,administrative and information agencies,and to develop guidelines for the future application of cost recovery.

Persistent link: https://www.econbiz.de/10005556926

Governance Matters III: Governance Indicators for 1996-2002

Kaufmann, Daniel; Kraay, Aart; Mastruzzi, Massimo - EconWPA - 2003

This paper presents estimates of six dimensions of governance covering 199 countries and territories for four time periods: 1996, 1998, 2000, and 2002. These indicators are based on several hundred individual variables measuring perceptions of governance, drawn from 25 separate data sources...

Persistent link: https://www.econbiz.de/10005561191

Rethinking Governance: Empirical Lessons Challenge Orthodoxy

Kaufmann, Daniel - EconWPA - 2003

as rule of law, voice and accountability, corruption control, and state capture, we then provide evidence which suggests … challenging traditional notions of the functioning of politicians, public policy and the public sector, and on the conventional … emerging economies. We argue instead that sharper focus on external accountability is required, focusing on: transparency …

Persistent link: https://www.econbiz.de/10005561333

Uncovering Central Bank Monetary Policy Objectives: Going Beyond Fear of Floating

Moron, Eduardo; Castro, Juan F. - EconWPA - 2002

Highly volatile exchange rates don't come cheap in economies with large liability dollarization ratios. Therefore, central banks do not follow a unique objective of price stability but its preferences include an implicit exchange rate objective. This gives us reasons to believe that the Peruvian...

Persistent link: https://www.econbiz.de/10005126281

Monitoring Banking Sector Fragility

Kibritcioglu, Aykut - EconWPA - 2002

In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, building a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables (non-performing loans,...

Persistent link: https://www.econbiz.de/10005126447

Pobreza y desigualdad en el Peru: Los promedios no bastan

Mauro, Raul - EconWPA - 2005

Persistent link: https://www.econbiz.de/10005062440

Rebuilding the State in Areas Affected by Political Violence: The Case of Rural Communities in Ayacucho, Peru

Velazco, Jackeline - EconWPA - 2004

During the 1980s, the Peruvian society was deeply affected by two significant events: a) the economic crisis that ended in recession and hyperinflation and, b) the spread of political violence, in particular in Ayacucho, in the central Andean highlands. Taking this into account, the conditions...

Persistent link: https://www.econbiz.de/10005412495

Dedollarizing the Peruvian Economy

Moron, Eduardo; Castro, Juan F. - EconWPA - 2003

Financial dollarization creates design problems for economic policy as increases the level of financial vulnerability. However, countries with high levels of dollarization have done almost nothing to reduce it. In this paper we study two ways to do it and we evaluate them within a model that...

Persistent link: https://www.econbiz.de/10005412579

Financial Dollarization and the Size of the Fear

Castro, Juan F.; Morón, Eduardo - EconWPA - 2005

Based on the significance of a Minimum Variance Portfolio (MVP) for the understanding of dollarization equilibria, a significant strand of the debate concerned with the driving forces behind this phenomenon has focused on analyzing the determinants of the relative volatility of inflation...

Persistent link: https://www.econbiz.de/10005412746