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Social welfare functions that assign weights to individuals based on their income levels can be used to document the relative importance of growth and inequality changes for changes in social welfare. In a large panel of industrial and developing countries over the past 40 years, most of the...
Persistent link: https://www.econbiz.de/10012973293
In spite of the United States' recovery, most Caribbean nations are still struggling in the aftermath of the 2007?08 global financial crisis. This paper examines this slow growth recovery through the analysis of how the Caribbean's growth relates to that of key drivers of the global economy. The...
Persistent link: https://www.econbiz.de/10012970171
of asymmetries in world asset demand and supply. Absent changes in the deep determinants of these, global imbalances can …
Persistent link: https://www.econbiz.de/10012976478
Although keeping bank supervision independent from macroprudential supervision may ensure more checks and balances …, placing bank supervision in the central bank could exploit synergies with macroprudential supervision. This paper studies … as financial stability policy, typically entrusted to the central bank, can improve financial stability. Specifically …
Persistent link: https://www.econbiz.de/10012971545
This paper examines the factors that determine banking flows from advanced economies to emerging markets. In addition to the usual determinants of capital flows in terms of global push and local pull factors, it examines the role of bilateral factors, such as growth differentials and economic...
Persistent link: https://www.econbiz.de/10012975818
This paper summarizes the latest update of the World Bank Bank Regulation and Supervision Survey. The paper explores … and summarizes the evolution in bank capital regulations, capitalization of banks, market discipline, and supervisory … crisis. Bank supervision became stricter and more complex compared with the pre?global financial crisis period. However …
Persistent link: https://www.econbiz.de/10012846812
comparison with Sub-Saharan Africa. Much of the progress has occurred through diversification along the ?extensive margin,? that …
Persistent link: https://www.econbiz.de/10012971321
This paper offers the first evidence on the prevalence of a central actor in modern growth theory?the engineer. Using newly collected sub-national, and international data as well as historical case studies, it then argues that differences in innovative capacity, captured by the density of...
Persistent link: https://www.econbiz.de/10012973384
The paper documents an intriguing development in the emerging world in the 2000s: a decoupling from the business cycle …
Persistent link: https://www.econbiz.de/10012975470
This paper provides empirical evidence on firm recoveries from financial system collapses in developing countries (systemic sudden stops episodes), and compares them with the experience in the United States in the 2008 financial crisis. Prior research found that economies recover from systemic...
Persistent link: https://www.econbiz.de/10012975760