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We analyze how a wealth shift to emerging countries may lead to instability in developed countries. Investors exposed to expropriation risk are willing to pay a safety premium to invest in countries with good property rights. Domestic intermediaries compete for such cheap funding by carving out...
Persistent link: https://www.econbiz.de/10011304762
The paper presents a major overhaul to the World Bank's past estimates of global poverty, incorporating new and better … data. Extreme poverty-as judged by what quot;povertyquot; means in the world's poorest countries-is found to be more … the early 1980s. For 2005 we estimate that 1.4 billion people, or one quarter of the population of the developing world …
Persistent link: https://www.econbiz.de/10012746763
-case, "pessimistic," path to that goal would see the developing world outside China returning to its slower pace of growth and poverty … of the time series data and non-linear simulations of inequality-neutral growth for the developing world as a whole …
Persistent link: https://www.econbiz.de/10012974682
Against what standards should we judge the developing world's overall performance against poverty going forward? The … about a 1 percentage point higher growth rate for the gross domestic product of the developing world, as long as this did …
Persistent link: https://www.econbiz.de/10012974972
-relative poverty in the developing world has been falling since the 1990s, but more slowly for the relative measure. While the number …
Persistent link: https://www.econbiz.de/10012975151
National poverty lines vary greatly across the world, from under $1 per person per day to over $40 (at 2005 purchasing … across the world and micro data on subjective perceptions of poverty are consistent with a weak form of relativity that …
Persistent link: https://www.econbiz.de/10012976570
surveys, 99 percent of the variance in the observed changes in PPPs is explicable. Using a nested test, the World Bank …
Persistent link: https://www.econbiz.de/10012976671
poverty incidence, but more slowly for the upper bound. Either way, the developing world has a higher poverty incidence but is … making more progress against poverty than the developed world …
Persistent link: https://www.econbiz.de/10012949043
Persistent link: https://www.econbiz.de/10014517357
This paper discusses liquidity regulation when short-term funding enables credit growth but generates negative systemic risk externalities. It focuses on the relative merit of price versus quantity rules, showing how they target different incentives for risk creation. When banks differ in credit...
Persistent link: https://www.econbiz.de/10013118982