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Rising Income Inequality; Technology, o+L3904r Trade and Financial Globalization?
Papageorgiou, Chris; Lall, Subir; Jaumotte, Florence - International Monetary Fund (IMF) - 2008
We examine the relationship between trade and financial globalization and the rise in inequality in most countries in … recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited … overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction …
Persistent link: https://www.econbiz.de/10005263792
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Rethinking the Governance of the International Monetary Fund
Mirakhor, Abbas; Zaidi, Iqbal Mehdi - International Monetary Fund (IMF) - 2006
This paper attempts to set out the principal issues that need to be resolved in formulating a proposal for quotas and voice reform in the IMF that could command broad support. Following John Rawls, we argue that "justice is the first virtue of social institutions," and we use his theory of...
Persistent link: https://www.econbiz.de/10005825790
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Reaping the Benefits of Financial Globalization
Dell'Ariccia, Giovanni; Mauro, Paolo; Faria, André; … - International Monetary Fund (IMF) - 2008
Financial globalization has increased dramatically over the past three decades, particularly for advanced economies … principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster …
Persistent link: https://www.econbiz.de/10010790496
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Out of the Box Thoughts About the International Financial Architecture
Eichengreen, Barry J. - International Monetary Fund (IMF) - 2009
The Global Credit Crisis of 2008-09 has underscored the urgency of reforming the international financial architecture. While a number of short-term reforms are already in train, this paper contemplates more ambitious reforms of the international financial architecture that might be implemented...
Persistent link: https://www.econbiz.de/10008528699
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Bangladesh; Joint Staff Advisory Note on the Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2013
Executive Directors commend Bangladesh in addressing the major challenges to growth and poverty reduction. The strategy is comprehensive and confronts the key issues impeding sustainable development and inclusive growth in Bangladesh. Implementing sound macro-financial policies, intensifying...
Persistent link: https://www.econbiz.de/10011244940
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Bangladesh; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2013
The Sixth Five Year Plan, as outlined in Bangladesh's Poverty Reduction Strategy Paper, targets strategic growth and employment. The medium-term macroeconomic framework plan entails the involvement of both the private and public sectors. Human resources development strategy programs reaching out...
Persistent link: https://www.econbiz.de/10011244942
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On the Political Sustainability of Economic Reform
Milesi-Ferretti, Gian Maria; Asilis, Carlos M. - International Monetary Fund (IMF) - 1994
Persistent link: https://www.econbiz.de/10005264252
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Policy Coordination in the European Monetary System
Manuel Guitián; Russo, Massimo; Tullio, Giuseppe - International Monetary Fund (IMF) - 1988
Persistent link: https://www.econbiz.de/10005767371
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Selective Government Interventions and Economic Growth - A Survey of the Asian Experience and its Applicability to New Zealand
Ostry, Jonathan David - International Monetary Fund (IMF) - 1993
Persistent link: https://www.econbiz.de/10005771355
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Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area
Quint, Dominic; Rabanal, Pau - International Monetary Fund (IMF) - 2013
In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential policy can play a role. We find that the introduction of a...
Persistent link: https://www.econbiz.de/10010790358