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In literature and practice the term “development bank” is commonly applied to investment banks for the financing of …- and long-term funds. Complementary consultative functions are occasionally performed as well while other bank transactions … development bank has proved too narrow, too normative and too general. …
Persistent link: https://www.econbiz.de/10011571680
As the flow of financial aid from the industrial countries may be expected to shrink rapidly as a consequence of their economic difficulties, the developing countries will have to find out possibilities of using their own financial resources more effectively. In this connection the task of...
Persistent link: https://www.econbiz.de/10011571760
Persistent link: https://www.econbiz.de/10009692268
This paper highlights that the EMU transition process itself can pose challenges to individual accession countries and draws policy implications for ERM II. Differences in financial market development and international liabilities underscore the risks and benefits of ERM II, and may lead to...
Persistent link: https://www.econbiz.de/10009626642
While macroprudential policy has mostly focused on the role of banks, we argue that pension funds are also important for financial stability. Drawing on previous research on pension funds, we explain how their actions can have a vital impact on other financial institutions as well as on...
Persistent link: https://www.econbiz.de/10014289788
The financing of long-term growth in developing countries has become more of a problem every year. In the following article one particular new financial instrument — Growth Participation Units — is discussed as a particular way to attract private sector long-term financing of development.
Persistent link: https://www.econbiz.de/10011570843
This article presents an outline of major international financial institutions, i.e. the Bretton Woods organisations. The focus of analysis is on the conceptions that have shaped the posture of these institutions on development issues and on their corresponding activities and problems.
Persistent link: https://www.econbiz.de/10011571678
The current sovereign debt crisis is widely believed to have been caused by insufficient budget discipline. However, the financial sector accounts reveal that public as well as private borrowing in the euro area was dwarfed by the synchronised explosion of assets and liabilities of financial...
Persistent link: https://www.econbiz.de/10009747378
The long-held truism that finance is always good for growth has been called into question by the global financial crisis. This article examines new evidence on the finance-growth nexus from a European perspective. More specifically, it compares the approach of many CESEE countries - i.e....
Persistent link: https://www.econbiz.de/10010338523
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