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Whither the World Bank and the IMF?
Krueger, Anne O. - 1997
On their fiftieth anniversary, the International Monetary Fund and the World Bank were" extensively reviewed, both to …
Persistent link: https://www.econbiz.de/10012472488
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Helping the Poor to Help Themselves : Debt Relief or Aid
Arslanalp, Serkan - 2004
Debt relief is unlikely to stimulate investment and growth in the world's highly indebted poor countries (HIPCs). This … is because the HIPCs do not suffer from debt overhang. The principal obstacle to investment and growth in the world …
Persistent link: https://www.econbiz.de/10012468463
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Aid and Growth : What Does the Cross-Country Evidence Really Show?
Rajan, Raghuram G. - 2005
We examine the effects of aid on growth--in cross-sectional and panel data--after correcting for the bias that aid typically goes to poorer countries, or to countries after poor performance. Even after thiscorrection, we find little robust evidence of a positive (or negative) relationship...
Persistent link: https://www.econbiz.de/10012467166
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Debt Relief
Arslanalp, Serkan - 2006
OECD countries--a mere one-seventieth (1/70) of the quantity of official development assistance agreed to by world leaders … for debt relief to generate economic gains. Since the world's poorest countries do not suffer from debt overhang, debt … relief is unlikely to stimulate their investment and growth. The principal obstacle to investment and growth in the world …
Persistent link: https://www.econbiz.de/10012466481
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Hiccups for HIPCs?
Burnside, Craig - 2004
In this paper we discuss fiscal and monetary policy issues facing heavily-indebted poor countries (HIPCs) who receive debt reduction via the enhanced HIPC initiative. This debt relief program is distinguished from previous ones by its conditionality: freed resources must be used for poverty...
Persistent link: https://www.econbiz.de/10012467784
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Is Debt Relief Efficient?
Arslanalp, Serkan - 2004
When Less Developed Countries (LDCs) announce debt relief agreements under the Brady Plan, their stock markets appreciate by an average of 60 percent in real dollar terms a $42 billion increase in shareholder value. In contrast, there is no significant stock market increase for a control group...
Persistent link: https://www.econbiz.de/10012468477
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Debt Relief : What Do the Markets Think?
Arslanalp, Serkan - 2002
The stock market appreciates by an average of 60 percent in real dollar terms when countries announce debt relief agreements under the Brady Plan. In contrast, there is no significant increase in market value for a control group of countries that do not sign agreements. The results persist after...
Persistent link: https://www.econbiz.de/10012469334
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Debt Relief and Fiscal Sustainability
Edwards, Sebastian - 2002
In this paper I analyze the relationship between fiscal policy, aggregate public sector debt sustainability, and debt relief. I develop a methodology to compute the fiscal policy path that is compatible with aggregate debt sustainability in the post-HIPC era. The model explicitly considers the...
Persistent link: https://www.econbiz.de/10012469775
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Why is there Multilateral Lending?
Rodrik, Dani - 1995
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/10012473722
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Blended Finance
Flammer, Caroline; Giroux, Thomas; Heal, Geoffrey - National Bureau of Economic Research - 2024
finance a more sustainable world. While blended finance holds the promise of being catalytic in mobilizing vast amounts of …
Persistent link: https://www.econbiz.de/10014512141