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Disasters and economic welfare : can national savings help explain post-disaster changes in consumption ?

Mechler, Reinhard - Economics Research, World Bank Group - 2009

The debate on whether natural disasters cause significant macroeconomic impacts and indeed hinder development is ongoing. Most analyses along these lines have focused on impacts on gross domestic product. This paper looks beyond this standard national accounting aggregate, and examines whether...

Persistent link: https://www.econbiz.de/10004968937

Managing East Asia's macroeconomic volatility

Olaberria, Eduardo; Rigolini, Jamele - Economics Research, World Bank Group - 2009

East Asia has experienced a dramatic decrease in output growth volatility over the past 20 years. This is good news, as output growth volatility affects poor households because of coping strategies that have long-term, harmful consequences, and the overall economy through its negative impact on...

Persistent link: https://www.econbiz.de/10004968938

When do sudden stops really hurt?

Caner, Mehmet; Koehler-Geib, Fritzi; Vincelette, … - Economics Research, World Bank Group - 2009

This paper analyzes the drivers and consequences of sudden stops of capital flows. It focuses on the impact of external vulnerability on the depth and length of sudden stop crises. The authors analyze 43 developing and developed countries between 1993 and 2006. They find evidence that external...

Persistent link: https://www.econbiz.de/10004969744

Banking crises and exports : lessons from the past

Iacovone, Leonardo; Zavacka, Veronika - Economics Research, World Bank Group - 2009

This paper analyzes the impact of banking crises on manufacturing exports exploiting the fact that sectors differ in their needs for external financing. Relying on data from 23 banking crises episodes involving both developed and developing countries during the period 1980-2000 the authors...

Persistent link: https://www.econbiz.de/10004969745

Potential gains from capital flight repatriation for Sub-Saharan African countries

Fofack, Hippolyte; Ndikumana, Leonce - Economics Research, World Bank Group - 2009

Despite the recent increase in capital flows to Sub-Saharan Africa, the region remains largely marginalized in financial globalization and chronically dependent on official development aid. And with the potential decline in the level of official development assistance in a context of global...

Persistent link: https://www.econbiz.de/10004969747

Finance in Africa - Achievements and Challenges

Beck, Thorsten; Fuchs, Michael; Uy, Marilou - Economics Research, World Bank Group - 2009

In spite of shallow financial markets, Sub-Saharan Africa will not escape the repercussions of the global financial crisis. The global turmoil threatens the progress Sub-Saharan Africa has made in financial sector deepening and broadening over the recent years and underlines the importance of...

Persistent link: https://www.econbiz.de/10004969748

Ex-ante methods to assess the impact of social insurance policies on labor supply with an application to Brazil

Robalino, David A.; Zylberstajn, Helio - Economics Research, World Bank Group - 2009

design of the unemployment benefits and pension systems in Brazil could affect savings rates, the share of time that … the unemployment benefits and pension systems, which calls for joint policy analysis when considering reforms; and (iii …

Persistent link: https://www.econbiz.de/10004969749

Africa and Arab Gulf states : divergent development paths and prospects for convergence

Fofack, Hippolyte - Economics Research, World Bank Group - 2009

), development policies implemented in these two regions of the world have produced markedly different and even divergent outcomes …

Persistent link: https://www.econbiz.de/10004969751

Inflation dynamics and food prices in an agricultural economy : the case of Ethiopia

Loening, Josef L.; Durevall, Dick; Birru, Yohannes A. - Economics Research, World Bank Group - 2009

Ethiopia has experienced a historically unprecedented increase in inflation, mainly driven by cereal price inflation …, causing large deviations from long-run price trends. Money supply growth does affect food price inflation in the short run … correction models to identify the relative importance of several factors contributing to overall inflation and its three major …

Persistent link: https://www.econbiz.de/10004979099

Does financial openness lead to deeper domestic financial markets ?

Calderon, Cesar; Kubota, Megumi - Economics Research, World Bank Group - 2009

globalization of financial markets has led to some important changes in the patterns of saving and investment across the world. The …

Persistent link: https://www.econbiz.de/10004979109