The purpose of this thesis is to examine the impact of International Monetary Fund (IMF) loans since the adoption of the governance mandate on overall government capability. The study will explore whether the presence of IMF loans in developing countries enhances state capacity. Administrative...

This exploratory issue paper begins with a statement by Joseph Stiglitz, Nobel Laureate in Economic Sciences, which outlines what a well-functioning global financial system would achieve, followed by his dry statement that the current global financial system does none of these things. The paper...

The persistence of relatively high unemployment rates in certain regions of many western industrial countries is well-established. These problems have been acknowledged, in part, in macro-economic labour market policies and also in regional economic development programmes. The paper re-examines...

This paper proposes a low cost alternative to the large bailout packages that the International Monetary Fund (IMF) has organized to address financial crises. The IMF would act as a lender of last resort. Faced with an unsustainable debt burden, a government would declare default. It would...

This paper reviews stylised facts on the Asian growth miracle generated using the growth accounting framework. It reviews rival models that purport to explain an economic crisis in terms of deteriorating macroeconomic fundamentals, time-inconsistent policies and rational self-fulfilling panic...

During the great period of globalisation before the First World War, the international economy was based on global trade and global finance with monetary policy largely fixed under the gold standard. After the Second World War, a new international system was designed based upon global trade,...

Als zentralem Bestandteil der internationalen Finanzarchitektur kommt dem Internationalen Währungsfonds (IWF) heutzutage immer öfter die Aufgabe zu, bei Verschuldungskrisen souveräner Staaten, insbesondere weit fortgeschrittener Schwellen- und Transformationsländer, als multilateraler...

At the end of World War II, the United States emerged as a world leader, putting into place international institutions based on its own liberal economic philosophy. Since then, the world has witnessed an increasing interconnectedness among states, with economic relationships continually blurring...

Magistro baigiamajame darbe buvo apartos dvi pagrindinės tarptautinės finansų institucijos - Tarptautinis valiutos fondas ir Pasaulio bankas. Pagrindinė Tarptautinio valiutos fondo misija - skatinti tarptautinį bendradarbiavimą pinigų ir valiutų kursų politikoje, stiprinti ekonomikos...

In this article, we analyse the geography of Australia's international portfolio investment using the International Monetary Fund's Co-ordinated Portfolio Investment Survey dataset. Preliminary results suggest that Australia's external holdings of equity and debt as a percentage of national...