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Central bank governance and the role of nonfinancial risk management
Khan, Ashraf - 2016
This paper argues that nonfinancial risk management is an essential element of good governance of central banks. It provides a funnelled analysis, on the basis of selected literature, by (i) presenting an outline of central bank governance in general; (ii) zooming in on internal governance and...
Persistent link: https://www.econbiz.de/10011434737
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Can good governance lower financial intermediation costs?
Jarmuzek, Mariusz; Lybek, Tonny - 2018
This paper argues that better governance practices can reduce the costs, risks and uncertainty of financial intermediation. Our sample covers high-, middle- and low-income countries before and after the global financial crisis (GFC). We find that net interest margins of banks are lower if...
Persistent link: https://www.econbiz.de/10011978660
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Big Government, High Debt, and Fiscal Adjustment in Small States
Ota, Rui - 2008
Using a new fiscal dataset for small states, this paper analyzes the link between country size, government size, debt, and economic performance. It finds that on average small states have larger governments and higher public debt. Although there are intrinsic factors that explain why governments...
Persistent link: https://www.econbiz.de/10014401334
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What Transparency Can Do When Incentives Fail : An Analysis of Rent Capture
Paul, Elisabeth - 2006
This paper analyzes the pervasiveness and persistence of rent seeking, misgovernance, and public sector inefficiency in many developing and transition economies. We formalize evidence from country experiences and empirical studies into a stylized analytical framework that reflects realistic...
Persistent link: https://www.econbiz.de/10014401974
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Quality of Government and Living Standards : Adjusting for the Efficiency of Public Spending
Grigoli, Francesco - 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/10014395682
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Governance for inclusive growth
Ivanyna, Maksym; Salerno, Andrea - 2021
The government's ability to deliver inclusive growth crucially depends on the quality of governance. This paper reviews the linkages between governance and inclusive growth, and key policies to improve governance. The policies include (1) structural reform, automation, improving rules and...
Persistent link: https://www.econbiz.de/10012604784
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The Rise of Foreign Investment in China's Banks : Taking Stock
Leigh, Lamin - 2006
The recent wave of foreign investment in China''s banks and the prospects of further opening of the banking sector … under the WTO agreement suggest that foreign banks are likely to play an increasingly important role in China. This paper … investments in China''s banks have been minority shareholdings with very limited management involvement. The paper concludes that …
Persistent link: https://www.econbiz.de/10014400612
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Trade Costs and Location of Foreign Firms in China
International Monetary Fund - 2005
entry matters more than access to the rest of China, which is consistent with market fragmentation due to underdeveloped …
Persistent link: https://www.econbiz.de/10014400961
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High Growth and Low Consumption in East Asia : How to Improve Welfare While Avoiding Financial Failures
Rochon, Céline - 2007
, loosely based upon China. We calibrate a benchmark equilibrium, and carry out various counterfactual simulations to analyze …
Persistent link: https://www.econbiz.de/10014401067
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A Real Model of Transitional Growth and Competitiveness in China
Lipschitz, Leslie - 2008
We present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that raises the marginal product of labor elicits increases in employment and output rather than only...
Persistent link: https://www.econbiz.de/10014401525