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Current issues in banking policy range from the need to construct basic institutions and incentive structures in transition economies, to the challenges posed by the increasingly complex interactions involved in contemporary banking. The authors of this report outline the basic regulatory...
Persistent link: https://www.econbiz.de/10012966353
Against the background of continued growth disappointments, depressed inflation expectations, and declining real equilibrium interest rates, a number of central banks have implemented negative interest rate policies (NIRP) to provide additional monetary policy stimulus over the past few years....
Persistent link: https://www.econbiz.de/10012968211
The paper investigates the effects of short-term political motivations on the effectiveness of foreign aid. Specifically, the paper tests whether the effect of aid on economic growth is reduced by the share of years a country served on the United Nations Security Council (UNSC) in the period the...
Persistent link: https://www.econbiz.de/10012968630
a world with high inequalities than in a more equal world. In the long run, impacts could be much stronger, with global …
Persistent link: https://www.econbiz.de/10012970677
This paper revisits and expands the evidence on the impact of trade shocks on intra-state conflict with a large sample of developing countries in the 1960-2010 period. The results suggest that increases in the prices of a country's exported commodities raise the country's risk of civil conflict...
Persistent link: https://www.econbiz.de/10012972438
As the world approaches the target year of the Millennium Development Goals and passes into the new, post-2015 era, the … feasible is that? For most of the developing world, the goal seems ambitious, yet achievable -- but what about the prospects …
Persistent link: https://www.econbiz.de/10012972896
This study investigates the impact of World Bank development policy lending on the quality of economic policy. It finds … using the World Bank's Country Policy and Institutional Assessments of macro, debt, fiscal and structural policies, and … previous studies based on earlier loans are consistent with claims by the World Bank that it has learned from its mistakes with …
Persistent link: https://www.econbiz.de/10012973107
Many countries have expressed an interest in the size, performance and motivation of the informal sector, especially where the informal sector provides the livelihood and employment for a critical segment of the population. This essay reviews recent literature, methodologies, and relevant Bank...
Persistent link: https://www.econbiz.de/10012973198
This is a background paper to the 2014 World Development Report. Risk is inherent to the pursuit of opportunity. This …
Persistent link: https://www.econbiz.de/10012973286
This paper considers the question of whether international banks learn from their previous crisis experiences and reduce their lending to developing countries in the event of a financial crisis. The analysis combines a bank-level dataset of bank activity and ownership with country-level data on...
Persistent link: https://www.econbiz.de/10012973331