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Why is There Multilateral Lending?
Rodrik, Dani - 2010
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 rationale, it must rest on advantages generated by the...
Persistent link: https://www.econbiz.de/10012763737
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Whither the World Bank and the IMF?
Krueger, Anne O. - 2021
On their fiftieth anniversary, the International Monetary Fund and the World Bank were" extensively reviewed, both to mark the occasion and to consider, often critically roles and performance. This paper reviews the functions of the two institutions in light of their" evolution over the past...
Persistent link: https://www.econbiz.de/10013233025
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Deputization
Carlin, Bruce; Umar, Tarik; Yi, Hanyi (Livia) - 2022
A policy of deputization asks agents to monitor others without providing explicit incentives. It is often used to prevent dangerous activities. To calibrate whether and why it works, we study recent laws that deputized financial professionals to help fight elder financial abuse. We show...
Persistent link: https://www.econbiz.de/10014241950
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Agoa Rules : The Intended and Unintended Consequences of Special Fabric Provisions
Edwards, Lawrence - 2011
Lesotho and other least developed African countries responded impressively to the preferences they were granted under the African Growth and Opportunities Act with a rapid increase in their clothing exports to the US. But this performance has not been accompanied by some of the more dynamic...
Persistent link: https://www.econbiz.de/10013132068
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The Determinants of Food Aid Provisions to Africa and the Developing World
Nunn, Nathan - 2014
We examine the supply-side and demand-side determinants of global bilateral food aid shipments between 1971 and 2008. First, we find that domestic food production in developing countries is negatively correlated with subsequent food aid receipts, suggesting that food aid receipt is partly driven...
Persistent link: https://www.econbiz.de/10013068872
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Trade Growth Under the African Growth and Opportunity Act
Frazer, Garth - 2010
This paper explores whether one of the most important U.S. policies towards Africa of the past few decades achieved its …
Persistent link: https://www.econbiz.de/10012759989
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Can the West Save Africa?
Easterly, William - 2021
In the new millennium, the Western aid effort towards Africa has surged due to writings by well-known economists, a … celebrity mass advocacy campaign, and decisions by Western leaders to make Africa a major foreign policy priority. This survey … contrasts the predominant "transformational" approach (West saves Africa) to occasional swings to a "marginal" approach (West …
Persistent link: https://www.econbiz.de/10013210668
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Who Panics During Panics? Evidence from a Nineteenth Century Savings Bank
O'Grada, Cormac; White, Eugene N. - 2021
Using records of the bank accounts of individual depositors, this paper provides a detailed microeconomic analysis of two nineteenth century banking panics. The panics of 1854 and 1857 were not characterized by an immediate mass panic of depositors and had important time dimensions. We examine...
Persistent link: https://www.econbiz.de/10013212881
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Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops
Edwards, Sebastian - 2011
In this paper I analyze the anatomy of current account adjustments in the world economy during the last three decades. The main findings may be summarized as follows: (a) Major reversals in current account deficits have tended to be associated to sudden stops' of capital inflows. (b) The...
Persistent link: https://www.econbiz.de/10013133172
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Debt and Conditionality Under Endogenous Terms of Trade Adjustment
Aizenman, Joshua - 2010
The purpose of this study is to identify conditions under which renewed international. lending will benefit both the developed and the developing countries. Our analysis will evaluate how the presence of terms of trade adjust-rent and distorted credit markets affect the conditions for the...
Persistent link: https://www.econbiz.de/10013139886