Showing 1 - 10 of 623
In this paper we identify some of the main factors behind systemic risk in a set of international large-scale complex banks using the novel CoVaR approach. We find that short-term wholesale funding is a key determinant in triggering systemic risk episodes. In contrast, we find no evidence that a...
Persistent link: https://www.econbiz.de/10014396950
The turn of the century was marked by some significant and promising events for world development. The Millennium …
Persistent link: https://www.econbiz.de/10012563860
development crisis. The financial crisis originated in the developed world, but it has spread quickly and inexorably to the … developing world, sparing no country. Increasingly it appears that this will not be a short-lived crisis. The poor countries are … survival. At high- level meetings held in 2008 to mark the MDG halfway point, world leaders expressed grave concern that the …
Persistent link: https://www.econbiz.de/10012561186
A Development Emergency: the title of this year's Global Monitoring Report, the sixth in an annual series, could not be more apt. The global economic crisis, the most severe since the Great Depression, is rapidly turning into a human and development crisis. No region is immune. The poor...
Persistent link: https://www.econbiz.de/10012673994
, prepared jointly by the staff of the World Bank and the International Monetary Fund, provides a development perspective on the …
Persistent link: https://www.econbiz.de/10014403103
the law, and economic freedom. In particular, an increase in spending on law and order seems to improve the indicators of …
Persistent link: https://www.econbiz.de/10014400244
This paper develops a model merging the monetary approach to the balance of payments and a neoclassical growth model into a unified framework in which inflation, growth, and the balance of payments are simultaneously determined. The empirical part of the paper presents estimates of the key...
Persistent link: https://www.econbiz.de/10014396167
This paper examines Cambodia’s 2002 Article IV Consultation and Sixth Review Under the Poverty Reduction and Growth Facility (PRGF). Supported by inflows of development aid, economic activity regained vitality in 1999. The government’s macroeconomic strategy, which was supported by a PRGF...
Persistent link: https://www.econbiz.de/10014406495
The paper developes a VAR macrofinance model of the Czech economy. It shows that yield misalignments from the yields implied by the macrofinance model partially determine subsequent yield changes over three to nine months. These yield misalignments tend to persist for a number of months. This...
Persistent link: https://www.econbiz.de/10014396906