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Ratha, Dilip - 2017

Bridging the external financing gap has been an important factor in borrowing cgovernment's demand for World Bank loans …

Persistent link: https://www.econbiz.de/10012971043

International Lending, Sovereign Debt and Joint Liability : An Economic Theory Model for Amending the Treaty of Lisbon

Stiglitz, Joseph E. - 2017

As the Eurozone crisis drags on, it is evident that a part of the problem lies in the architecture of debt and its liabilities within the Eurozone and, more generally, the European Union. This paper argues that a large part of the problem can be mitigated by permitting appropriately-structured...

Persistent link: https://www.econbiz.de/10012974119

The World Bank and Governance : The Bank's Efforts to Help Developing Countries Build State Capacity

de Janvry, Alain - 2017

This paper examines historically the World Bank's twin features: lending to developing economies to achieve tangible … large aid flows. Section 2 sketches the historical evolution of what characterizes the World Bank: lending to developing …

Persistent link: https://www.econbiz.de/10012974812

How Large is the Government Spending Multiplier? Evidence from World Bank Lending

Kraay, Aart - 2017

unique to many low-income countries: (1) borrowing from the World Bank finances a substantial fraction of public spending …, and (2) actual spending on World Bank-financed projects is typically spread out over several years following the original … approval of the project. These two features imply that fluctuations in spending on World Bank projects in a given year are in …

Persistent link: https://www.econbiz.de/10012976252

Geo-Spatial Modeling of Access to Water and Sanitation in Nigeria

Andres, Luis Alberto - 2018

The paper presents the development and implementation of a geo-spatial model for mapping populations' access to specified types of water and sanitation services in Nigeria. The analysis uses geo-located, population-representative data from the National Water and Sanitation Survey 2015, along...

Persistent link: https://www.econbiz.de/10012926200

Issues in Adjustment Lending

Thomas, Vinod - 2017

Reaping the full benefit of adjustment packages depends on a government's commitment to reform as well as a variety of complementary factors, many of which have not been duly considered because of the lack of time, resources, and skills. It is becoming increasingly clear that if these packages...

Persistent link: https://www.econbiz.de/10012967944

Incomplete Integration and Contagion of Debt Distress in Economic Unions

Karayalcin, Cem - 2017

This paper compares different fiscal integration schemes on the basis of their ability to finance public investments and resilience to debt distress and contagion. Complete integration schemes, where a central authority chooses the level of public investments with productivity-enhancing...

Persistent link: https://www.econbiz.de/10012972414