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Monetization in low- and middle-income countries
McLoughlin, Cameron; Kinoshita, Noriaki - 2012
The degree of an economy's monetization, which has an important implication on economic growth, can be affected by the conduct of monetary policy, financial sector reform, and episodes of financial crises. The paper finds that monetization--measured by the ratio of broad money to nominal GDP--...
Persistent link: https://www.econbiz.de/10009618525
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Financial intermediation costs in low-income countries : the role of regulatory, institutional, and macroeconomic factors
Poghosyan, Tigran - 2012
We analyze factors driving persistently higher financial intermediation costs in low-income countries (LICs) relative to emerging market (EMs) country comparators. Using the net interest margin as a proxy for financial intermediation costs at the bank level, we find that within LICs a...
Persistent link: https://www.econbiz.de/10009615784
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Inflation Pressures and Monetary Policy Options in Emerging and Developing Countries-A Cross Regional Perspective
Ötker, Inci - 2009
This paper analyzes the monetary policy response to rising inflation in emerging and developing countries associated with the food and oil price shocks in 2007 and the first half of 2008. It reviews inflation developments in a sample of countries covering all regions and a broad range of...
Persistent link: https://www.econbiz.de/10012677694
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Economic Transformation, Population Growth, and the Long-Run World Income Distribution.
Chamon, Marcos - 2006
Persistent link: https://www.econbiz.de/10012691055
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Sudden Stops and IMF-Supported Programs.
Mody, Ashoka - 2006
Intro -- Contents -- I. INTRODUCTION -- II. SUDDEN STOPS AND MULTILATERAL INSURANCE -- III. CAPITAL FLOWS AND SUDDEN STOPS -- IV. IMF-SUPPORTED PROGRAMS -- V. MULTIVARIATE ANALYSIS -- VI. IMF-SUPPORTED PROGRAMS AND SUDDEN STOPS -- VII. EXTENSIONS -- VIII. CONCLUSIONS AND IMPLICATIONS -- Appendix...
Persistent link: https://www.econbiz.de/10012691059
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Measures of Central Bank Autonomy : Empirical Evidence for OECD, Developing, and Emerging Market Economies
Segalotto, Jean-François - 2006
Intro -- Contents -- I. INTRODUCTION AND DATA -- II. UPDATED INDICATORS OF CENTRAL BANK AUTONOMY IN SELECTED OECD COUNTRIES -- III. AUTONOMY INDICATORS FOR EMERGING MARKETS AND DEVELOPING COUNTRIES -- IV. PROGRESS TOWARDS AUTONOMY IN EMERGING MARKETS AND DEVELOPING COUNTRIES -- V. OVERVIEW OF...
Persistent link: https://www.econbiz.de/10012691092
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Quality of government and living standards : adjusting for the efficiency of public spending
Grigoli, Francesco; Ley, Eduardo - 2012
It is generally acknowledged that the government's output is difficult to define and its value is hard to measure. The practical solution, adopted by national accounts systems, is to equate output to input costs. However, several studies estimate significant inefficiencies in government...
Persistent link: https://www.econbiz.de/10009620981
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The Impact of Public Capital, Human Capital, and Knowledge on Aggregate Output
Joutz, Frederick L. - 2008
This paper investigates the impact of public capital on private sector output by testing and estimating an aggregate production function for the U.S. economy over the postwar period augmented to include the stock of public capital as an additional factor input. We use patent applications to...
Persistent link: https://www.econbiz.de/10012677663
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Creating Sustainable Fiscal Space for Infrastructure
Ter-Minassian, Teresa - 2008
maintaining infrastructure networks. Over the past decade, developed and developing countries have looked to fiscal rules … instruments to raise additional finance for infrastructure investment. This paper looks at the range of options for raising the … financing to meet Tanzania's infrastructure needs. It begins with a brief survey of the evidence on the relationship bet …
Persistent link: https://www.econbiz.de/10012677684
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Household Income As A Determinant of Child Labor and School Enrollment in Brazil : Evidence From A Social Security Reform
de Carvalho Filho, Irineu - 2008
This paper studies the effects of household income on labor participation and school enrollment of children aged 10 to 14 in Brazil using a social security reform as a source of exogenous variation in household income. Estimates imply that the gap between actual and full school enrollment was...
Persistent link: https://www.econbiz.de/10014409070