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On the Preferred Creditor Status of Multilateral Development Banks

Amegashie, J. Atsu - 2023

The loans of the IMF, World Bank, and other multilateral development banks (MDBs) are excluded from debt restructuring. This is the result of their preferred creditor status. There are two justifications for the preferred creditor status of MDBs: (a) they give concessional loans, and (b) they...

Persistent link: https://www.econbiz.de/10014347019

Gainers and Losers from Market Integration

Gersbach, Hans - 2019

We compare integration of economic, matching and networking markets. There can be losers from integration in all three cases, but their relative numbers depend on the type of market. There can be many losers from integration of pure exchange economies. There are relatively few losers from...

Persistent link: https://www.econbiz.de/10012857906

The Impact of Food Prices on Conflict Revisited

Winne, Jasmien De - 2019

Studies that examine the impact of food prices on conflict usually assume that (all) changes in international food prices are exogenous shocks for individual countries or local areas. By isolating strictly exogenous shifts in global food commodity prices, we show that this assumption could...

Persistent link: https://www.econbiz.de/10012861404

Macroeconomic Policy Lessons for Greece from the Debt Crisis

Economides, George - 2020

24% of GDP) between 2009 and 2016. In particular, the adjustment program can explain a fall of around 12%, while the …

Persistent link: https://www.econbiz.de/10012837680

Diasporas and Economic Development : A Review of the Evidence and Policy

Bahar, Dany - 2020

The paper reviews recent literature on the economics of migration and diasporas, focusing on economic gains and opportunities that these diasporas could represent for home countries. In addition, the paper discusses policies aimed at leveraging this "diaspora capital"

Persistent link: https://www.econbiz.de/10012841140

Microentrepreneurship in Developing Countries

Jayachandran, Seema - 2020

This article reviews the recent literature in economics on small-scale entrepreneurship ("microentrepreneurship") in low-income countries. Major themes in the literature include the determinants and consequences of joining the formal sector; the impacts of access to credit and other financial...

Persistent link: https://www.econbiz.de/10012841738

Tax Systems and Development

Mardan, Mohammed - 2020

This paper analyzes the optimal tax system consisting of the tax rate and the capacity of the tax administration. I challenge the conventional wisdom that tax rates and tax administrations' capacity are complements showing that their relationship depends on a country's level of development....

Persistent link: https://www.econbiz.de/10012846675

Stigma or Cushion? IMF Programs and Sovereign Creditworthiness

Gehring, Kai - 2018

IMF programs are often considered to carry a “stigma” that triggers adverse market reactions. We show that such a negative IMF effect disappears when accounting for endogenous selection into programs. To proxy for a country's access to financial markets, we use credit ratings and investor...

Persistent link: https://www.econbiz.de/10012920590

Credit Market Imperfection, Lack of Entrepreneurs and Capital Outflow from a Developing Economy

Marjit, Sugata - 2020

This paper explores the impact of credit market on the entrepreneurs and demand for credit in a credit constrained … due to presence/absence of entrepreneurs, i.e., low price of capital in autarky may reflect lack of demand for credit due … to scarcity of entrepreneurs and not capital abundance and eventually may lead to capital outflow from a capital scarce …

Persistent link: https://www.econbiz.de/10012824582

Body Mass, Nutrition, and Disease : Current Net Nutrition During Us Economic Development

Carson, Scott A. - 2020

When other measures for material welfare are scarce or unreliable, the use of average stature and body mass index (BMI) values is common. BMI reflects the current difference between calories consumed, calories required for work, and to withstand the physical environment. This study evaluates...

Persistent link: https://www.econbiz.de/10012826046