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Fair and inclusive markets : why dynamism matters

Aghion, Philippe; Chérif, Réda; Hasanov, Fuad - 2021

inequality are characterized by dynamism-a drive toward sophisticated export industries, innovation, and creative destruction and … a high level of competition. What a country produces and how much it competes domestically and internationally are …

Persistent link: https://www.econbiz.de/10012517949

Competition, innovation, and inclusive growth

Aghion, Philippe; Chérif, Réda; Hasanov, Fuad - 2021

We provide an overview of the theories and empricial evidence on the complex relationship among innovation, competition …, and inclusive growth. Competition and innovation-led growth are critical to drive productivity gains and support broad …-based growth. However, new technologies and trends in market concentration are stifling future innovation while contributing to the …

Persistent link: https://www.econbiz.de/10012518975

Will the AI revolution cause a great divergence?

Alonso, Cristian; Berg, Andrew; Kothari, Siddharth; … - 2020

This paper considers the implications for developing countries of a new wave of technological change that substitutes pervasively for labor. It makes simple and plausible assumptions: the AI revolution can be modeled as an increase in productivity of a distinct type of capital that substitutes...

Persistent link: https://www.econbiz.de/10012302048

Automating the Price Discovery Process : Some International Comparisons and Regulatory Implications

Domowitz, Ian - 1992

process. Seven levels of automation of price discovery are identified, and 47 systems are classified according to these … criteria. Systems operating at various levels of automation are compared with respect to age, geographical location, and type … asymmetric information increases with the level of automation of price discovery. The potential for trading abuses related to …

Persistent link: https://www.econbiz.de/10014395803

Compliance with the AML/CFT International Standard : Lessons from a Cross-Country Analysis

Verdugo Yepes, Concepción - 2011

This paper assesses countries' compliance with the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) international standard during the period 2004 to 2011. We find that overall compliance is low; there is an adverse impact on financial transparency created by the...

Persistent link: https://www.econbiz.de/10014412178

The Link Between Adherence to International Standards of Good Practice, Foreign Exchange Spreads, and Ratings

Tiffin, Andrew - 2003

This paper examines the relationship between adherence to international standards of good practice in policy-making and two key indicators of access to capital markets and the cost of this access: spreads and sovereign ratings. In contrast to other work, this study reviews a broad set of...

Persistent link: https://www.econbiz.de/10014399536

IMF Data Standards Initiatives : A Consultative Approach to Enhancing Global Data Transparency

Kester, Anne Y. - 2006

Since the IMF launched the data standards initiatives a decade ago, 145 of its 184 member countries have participated. This 80 percent participation rate reaffirms the importance countries place on data transparency in the globalized economy, which the initiatives promote. The wide participation...