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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
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
The IMF attempts to stabilize private capital flows to emerging markets by providing public monitoring and emergency finance. In analyzing its role we contrast cases where banks and bondholders do the lending. Banks have a natural advantage in monitoring and creditor coordination, while bonds...
Persistent link: https://www.econbiz.de/10012467487
In a multiperiod investment framework, firms with high expected growth earn higher expected returns than firms with low expected growth, holding investment and expected profitability constant. This paper forms cross-sectional growth forecasts, and constructs an expected growth factor that yields...
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The world has pledged to protect 30 percent of its land and waters by 2030 to halt the rapid deterioration of critical … summarize empirical evidence across multiple regions of the world. In most cases, protection has had at most a modest impact on …
Persistent link: https://www.econbiz.de/10014437004
The developed world is in the midst of an enormous demographic transition, with life expectancy increasing and … the world. This paper serves as the introduction to a volume that brings together experts from ten countries to compare …
Persistent link: https://www.econbiz.de/10014437013