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Greenstone, Michael - 2007

state bonds, which the Iraqi government is currently servicing, on world financial markets. After the Surge, there was a …

Persistent link: https://www.econbiz.de/10012775883

Government, Financial Markets, and Economic Development

Stiglitz, Joseph E. - 2021

Ideological debates on the role of government in development have focused on two contrasting prescriptions: one calling … for large scale government interventions to solve problems of massive market failures, the other for the unfettering of … exploration of a middle road, focusing in particular on the role of government in financial markets. After explaining the …

Persistent link: https://www.econbiz.de/10013219988

Financial Factors in Economic Development

Dornbusch, Rudiger; Reynoso del Valle, Alejandro - 2021

Financial factors have been assigned strategic importance in economic development. But very different factors have been isolated in the respective experiences: in Asia unrepressed financial markets in mobilizing saving and allocating investment have been given prominence. In Latin America the...

Persistent link: https://www.econbiz.de/10013226568

Government Revenue from Financial Repression

Giovannini, Alberto; De Melo, Martha - 2021

between the domestic and the foreign cost of borrowing of the government. The correlations of the revenue from financial …

Persistent link: https://www.econbiz.de/10013229043

Finance and Development : A Tale of Two Sectors

Buera, Francisco; Kaboski, Joseph Paul; Shin, Yongseok - 2021

Income differences across countries primarily reflect differences in total factor productivity (TFP). More disaggregated data show that the TFP gap between rich and poor countries varies systematically across industrial sectors of the economy: Poor countries are particularly unproductive in...

Persistent link: https://www.econbiz.de/10013235631

Size Inequality, Coordination Externalities and International Trade Agreements

Limão, Nuno - 2011

Developing countries now account for a significant fraction of both world trade and two thirds of the membership of the World Trade Organization (WTO). However, many are still individually small and thus have a limited ability to bilaterally extract and enforce trade concessions from larger...

Persistent link: https://www.econbiz.de/10013118254

Law, Endowment, and Finance

Beck, Thorsten; Demirgüç-Kunt, Asli; Levine, Ross - 2021

This paper assesses two theories regarding the historical determinants of international differences in financial development. The law and finance theory holds that legal traditions differ in terms of the priority they attach to protecting the rights of private investors vis-a-vis the State and...

Persistent link: https://www.econbiz.de/10013230172

Financial Crises in Emerging Markets : The Lessons from 1995

Sachs, Jeffrey; Tornell, Aaron; Velasco, Andrés - 2021

In this paper we examine closely the financial events following the Mexican peso devaluation to uncover new lessons about the nature of financial crises. We explore the question of why, during 1995, some emerging markets were hit by financial crises while others were not. To this end, we ask...

Persistent link: https://www.econbiz.de/10013211651

Bank Exposure, Capital and Secondary Market Discounts on the Developing Country Debt

Özler, Şule - 2002

Previous empirical studies of secondary market discounts for developing countries have ignored important creditor country factors. The empirical evidence in this paper indicates that, after controlling for repayment indicators of borrower countries, bank exposure and capital are important...

Persistent link: https://www.econbiz.de/10012787480

Is Financial Globalization Beneficial?

Mishkin, Frederic S. - 2010

This lecture examines whether financial globalization is beneficial to developing countries by first examining the evidence on financial development and economic growth and concludes that financial development is indeed a key element in promoting economic growth. It then asks why if financial...

Persistent link: https://www.econbiz.de/10012761881