Showing 1 - 10 of 2,360
in a country's strategic value to the U.S. from the interaction of its political alliance to the U.S. and membership on …
Persistent link: https://www.econbiz.de/10013147999
There is currently much debate about the effectiveness of foreign aid and about what kind of projects can engender economic development. There is skepticism about the ability of econometric analysis to resolve these issues, or of development agencies to learn from their own experience. In...
Persistent link: https://www.econbiz.de/10012757925
Why should multilateral lending exist in a world where private capital markets are well developed and governments have … their own bilateral aid programs? If lending by the World Bank, IMF, and regional development banks has an independent …
Persistent link: https://www.econbiz.de/10012763737
I examine the hypothesis that membership in the World Trade Organization (WTO) and its predecessor the General …/WTO membership on the coefficient of variation in trade computed over 25-year samples, controlling for a number of factors. I also … use a comparable multilateral data set. There is little evidence that membership in the GATT/WTO has a significant …
Persistent link: https://www.econbiz.de/10013313684
We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, GATT. We review recent …
Persistent link: https://www.econbiz.de/10013150443
This paper examines the roles played by organizations in maintaining the Bretton Woods System. Theory indicates that even if countries understand that cooperation will lead them to a Pareto superior outcome, they need not cooperate unless they are convinced that other countries are also...
Persistent link: https://www.econbiz.de/10013232739
Foreign aid is one of the most important policy tools that rich countries use for helping poor countries to improve population well-being and facilitate economic and institutional development. The empirical evidence on its benefits is mixed and has generated much controversy. This paper presents...
Persistent link: https://www.econbiz.de/10013048582
This paper studies the effect of foreign aid on economic stabilization. Following Alesina and Drazen (1991), we model the delay in stabilizing as the result of a distributional struggle: reforms are postponed because they are costly and each distributional faction hopes to reduce its share of...
Persistent link: https://www.econbiz.de/10013230597
On their fiftieth anniversary, the International Monetary Fund and the World Bank were" extensively reviewed, both to …
Persistent link: https://www.econbiz.de/10013233025
In this paper, we study the interplay between sovereign risk and global financial risk. We show that a substantial portion of the comovement among sovereign spreads is accounted for by changes in global financial risk. We construct bond-level sovereign spreads for dollar-denominated bonds issued...
Persistent link: https://www.econbiz.de/10014351701