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The development and implementation of IMF and World Bank conditionality
Dreher, Axel - HWWA Institut für Wirtschaftsforschung - 2002
conditions seem to be influenced by contemporaneous World Bank activity. Moreover, the paper tries to explain compliance with … World Bank conditionality as well as interruptions of IMF programs in the recipient countries. Compliance with World Bank …. However, no other political factors seem to influence interruptions and compliance systematically. The paper describes the …
Persistent link: https://www.econbiz.de/10010984984
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Die Europäische Währungsintegration nach dem Zweiten Weltkrieg: Politik, Ideologie oder Interessen?
Hefeker, Carsten - HWWA Institut für Wirtschaftsforschung - 2006
Der Beitrag analysiert die Geschichte der europäischen Währungsintegration aus politisch-ökonomischer Sicht. Es wird gezeigt, dass die Währungsunion weniger auf politische Faktoren als auf den Einfluss wichtiger wirtschaftlicher Interessengruppen zurückgeführt werden muss. Die Logik der...
Persistent link: https://www.econbiz.de/10010985113
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The Development and Implementation of IMF and World Bank Conditionality
Dreher, Axel - HWWA Institut für Wirtschaftsforschung - 2002
conditions seem to be influenced by contemporaneous World Bank activity. Moreover, the paper tries to explain compliance with … World Bank conditionality as well as interruptions of IMF programs in the recipient countries. Compliance with World Bank …. However, no other political factors seem to influence interruptions and compliance systematically. The paper describes the …
Persistent link: https://www.econbiz.de/10004989415
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Does Financial Integration Make Banks Act More Prudential? Regulation, Foreign Owned Banks, and the Lender-of-Last Resort
Berger, Helge; Hefeker, Carsten - HWWA Institut für Wirtschaftsforschung - 2006
We analyze whether financial integration will lead to lower national regulation of domestic banking activities. In our model, banks? efforts and public regulation can lower the probability of bankruptcy. We contrast the national case with an integrated banking market and find that banks will...
Persistent link: https://www.econbiz.de/10010957329
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Fiscal Reform and Monetary Union in West Africa
Hefeker, Carsten - HWWA Institut für Wirtschaftsforschung - 2003
The paper explores the interaction between the proposed monetary union for ECOWAS and structural reforms of fiscal policy. The effects depend to a large extent on the degree of similarity of member countries. In a monetary union of similar countries, member states run a more distortive fiscal...
Persistent link: https://www.econbiz.de/10010957366
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Principal-Agent-Probleme in internationalen Organisationen
Vaubel, Roland - HWWA Institut für Wirtschaftsforschung - 2003
Der Aufsatz zeigt anhand zahlreicher Beispiele und quantitativer Analysen, dass internationale Organisationen – mehr als alle anderen staatlichen Institutionen – ein extremes Kontrolldefizit aufweisen. Umfragen belegen, dass sie andere Interessen als die Bürger haben. Sie können diese...
Persistent link: https://www.econbiz.de/10010985036
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Can Process Conditionality Enhance Aid Effectiveness? The Role of Bureaucratic Interest and Public Pressure
Michaelowa, Katharina; Hefeker, Carsten - HWWA Institut für Wirtschaftsforschung - 2003
Can process conditionality really enhance poverty reduction in developing countries? This question is addressed in the framework of a politico-economic model considering political distortions both on the recipient and on the donor side. It turns out that process conditionality is a very useful...
Persistent link: https://www.econbiz.de/10010957320
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Lobbying and political polarization
Ursprung, Heinrich W. - HWWA Institut für Wirtschaftsforschung - 2002
Standard spatial models of political competition give rise to equilibria in which the competing political parties or candidates converge to a common position. In this paper I show how political polarization can be generated in models that focus on the nexus between pre-election interest group...
Persistent link: https://www.econbiz.de/10010957344
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Uncertainty, Wage Setting and Decision Making in a Monetary Union
Hefeker, Carsten - HWWA Institut für Wirtschaftsforschung - 2004
The enlargement of the European Monetary Union is likely to lead to an increase of uncertainty about the transmission of monetary policy for the larger union. Adding new members to the central bank council will in addition imply that the preferences of the enlarged council will be uncertain in...
Persistent link: https://www.econbiz.de/10010957449
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Ressourcenverteilung in der EU : eine polit-ökonomische Perspektive
Hefeker, Carsten - HWWA Institut für Wirtschaftsforschung - 2003
Das Papier diskutiert die Ausgestaltung des EU Finanzsystems aus polit-ökonomischer Perspektive. Die jetzige Form der Umverteilung lässt sich aus ökonomischer Sicht nicht nachvollziehen; vielmehr kann dies als ein System von politischen Seitenzahlungen verstanden werden. Es wird argumentiert,...
Persistent link: https://www.econbiz.de/10010985111