The directory of development organizations, listing 70,000 development organizations, has been prepared to facilitate international cooperation and knowledge sharing in development work, both among civil society organizations, academic and research institutions, governments and the private sector.

The G20 summits in 2009 have proposed major changes in governance of the InternationalMonetary Fund (IMF). Most important seems to be the acknowledgment that the IMF in itscurrent form lacks legitimacy and ownership. Accordingly, the G20 suggests a reallocation ofvoting shares to emerging and...

The IMF and Insurance; Lessons from the crisis; Issues for insurance...

This paper analyzes the trade-off between official liquidity provision and debtor moral hazard ininternational financial crises. In the model, crises are caused by the interaction of bad fundamentals,self-fulfilling runs and policies by three classes of optimizing agents: international...

In letzter Zeit häufen sich Zahlungsschwierigkeiten von Ländern gegenüber ihrenausländischen Geldgebern. Beim Ausbleiben dieser Zahlungen wird um die Stabilität des internationalen Finanzsystems gefürchtet. Um diese Gefahr abzuwenden, werden den zahlungsunfähigen Ländern unter der...

Can pegging reduce real as well as nominal, and multilateral as well as bilateralexchange rate volatility? We investigate this issue using monthly data for 139countries from January 1990 to June 2006...