Showing 1 - 10 of 319
Welfare economics, scope and performance of government, externalities, public goods, cost-benefit analysis, subsidies … addresses externalities, provided the social return is above a threshold. This paper argues that another consideration needs to … be brought into the mix - whether, in spite of the externalities, the private sector has an incentive to undertake the …
Persistent link: https://www.econbiz.de/10010790359
The paper surveys the role of financial markets and fiscal institutions in the transformation process going on in Eastern and Central Europe. It highlights (a) the need to create some sort of “social ecological balance” necessary for the working of a modern market economy; (b) the need to...
Persistent link: https://www.econbiz.de/10005264034
This paper examines the emergence of financial stability as a key policy objective. It discusses the underlying trends in the financial system, as well as the role of finance in relation to money, the real economy, and public policy. Financial stability is defined in terms of its ability to help...
Persistent link: https://www.econbiz.de/10005825656
Using a simple growth accounting framework, we project India's future potential output growth rate through 2025. We argue that there is perhaps more upside potential than downside risks to our central estimate of annual growth, which is close to 7 percent for aggregate output, or 5.5 percent for...
Persistent link: https://www.econbiz.de/10005826334
This paper summarizes recent arguments/findings on two aspects of foreign direct investment (FDI): its correlation with economic growth and its determinants. The first part focuses on recent literature regarding positive spillovers from FDI while the second deals with the determinants of FDI....
Persistent link: https://www.econbiz.de/10005769019
To showcase their increasing focus on financial stability, many central banks and other institutions have started publishing regular reports on financial stability. The paper presents a survey of the available financial stability reports, and proposes a framework for assessing such documents. It...
Persistent link: https://www.econbiz.de/10005769115
The main objective of this paper is to propose a definition of financial stability that has some practical and operational relevance. Financial stability is defined in terms of its ability to facilitate and enhance economic processes, manage risks, and absorb shocks. Moreover, financial...
Persistent link: https://www.econbiz.de/10005605285
The macroeconomic environment of Japan has constantly been under pressure owing to rising public debt and fiscal deficits. Credit demand has been limited and has shown weak profitability. Growing risks have heightened concerns about a possible feedback to financial stability. This report...
Persistent link: https://www.econbiz.de/10011242849
This Selected Issues paper discusses capital and liquidity regulations in Sweden. It recaps the recent debates on capital and liquidity buffers, and discusses a way to consider appropriate levels of capital and liquidity buffers in the case of Sweden. The paper estimates the government’s...
Persistent link: https://www.econbiz.de/10011244133
Over the past three decades, public spending on infrastructure, as a share of GDP, has been on the decline worldwide. Although the link between infrastructure investment and economic growth is not yet fully understood, the quality of infrastructure clearly affects a country's productivity,...
Persistent link: https://www.econbiz.de/10010878418