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Default risk and economic activity: A small open economy model with sovereign debt and default

Roldán-Peña, Jessica - 2012

Empirical evidence shows that sovereign defaults are associated with significant downturns in economic activity in defaulting countries. However, the existing literature on sovereign debt and default mainly analyzes endowment economies and, therefore, does not address the relationship between...

Persistent link: https://www.econbiz.de/10010322557

What did Structural Adjustment Adjust? The Association of Policies and Growth with Repeated IMF and World Bank Adjustment Loans

Easterly, William - 2002

same country, with such extremes as the 30 IMF and World Bank adjustment loans to Argentina over 1980-99 or the 26 …

Persistent link: https://www.econbiz.de/10005162617

Beyond the IMF

Kapur, Devesh; Webb, Richard - 2006

A consensus has developed that the International Monetary Fund (IMF) is not fulfilling its role, prompting multiple … alternatives outside the IMF which hold the potential to not only give developing countries greater bargaining leverage with the … IMF’s functions are being carried out in part through alternative institutional arrangements. It focuses in particular on …

Persistent link: https://www.econbiz.de/10005162628

Did the Indian capital controls work as a tool of macroeconomic policy?

Patnaik, Ila; Shah, Ajay - 2011

In 2010 and 2011, there has been a fresh wave of interest in cap- ital controls. India is one of the few large countries with a complex system of capital controls, and hence offers an opportunity to assess the extent to which these help achieve goals of macroeconomic and fi- nancial policy. We...

Persistent link: https://www.econbiz.de/10009204988

Financial Regulations in Developing Countries: Can they Effectively Limit the Impact of Capital Account Volatility?

Rojas-Suarez, Liliana - 2005

This paper identifies two alternative forms of prudential regulation. The first set is formed by regulations that directly control financial aggregates, such as liquidity expansion and credit growth. An example is capital requirements as currently incorporated in internationally accepted...

Persistent link: https://www.econbiz.de/10005509590

The valuation effects of trade

Barbiero, Omar - 2021

This paper estimates the cash flow and real effects of currency mismatches generated by foreign-priced operations of French manufacturers. The value of transactions invoiced in foreign currencies is twice as sensitive to exchange rates as the value of transactions invoiced in the domestic...

Persistent link: https://www.econbiz.de/10012882643

Narrative Oekonomik: Europa als "Transferunion" oder "Risikogemeinschaft"? Eine empirische Analyse

Neuberger, Doris; Beretta, Edoardo - 2022

Oekonomische Entwicklungen werden oft durch Narrative, d. h. populaere bzw. allgemein verstaendliche und leicht wiedergebbare Erzaehlungen, Bilder sowie Interpretationen, beeinflusst. In Debatten ueber europaeische Integration, Staatsschuldenkrise und Loesungen zur Bewaeltigung der Coronakrise...

Persistent link: https://www.econbiz.de/10014459455

Ghost of 0.7%: Origins and Relevance of the International Aid Target

Clemens, Michael; Moss, Todd - 2005

The international goal for rich countries to devote 0.7% of their national income to development assistance has become a cause célèbre for aid activists and has been accepted in many official quarters as the legitimate target for aid budgets. The origins of the target, however, raise serious...

Persistent link: https://www.econbiz.de/10005509576

An Index of Donor Performance

Roodman, David - 2004

The Commitment to Development Index of the Center for Global Development rates 21 rich countries on the “development-friendliness” of their policies. It is revised and updated annually. In the 2004 edition, the component on foreign assistance combines quantitative and qualitative measures of...

Persistent link: https://www.econbiz.de/10005162621

Reliving the '50s: The Big Push, Poverty Traps, and Takeoffs in Economic Development

Easterly, William - 2005

The classic narrative of economic development -- poor countries are caught in poverty traps, out of which they need a Big Push involving increased aid and investment, leading to a takeoff in per capita income -- has been very influential in development economics since the 1950s. This was the...

Persistent link: https://www.econbiz.de/10005162623