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India’s capital account displays a sharp swing in external financing from official assistance to private capital transfers in the 1990s. This paper examines the implications of this transition for the country. An analysis of the private resource transfer reveals that unlike official flows,...
Persistent link: https://www.econbiz.de/10010284794
This paper empirically investigates whether donor countries punish sovereign defaults by reducing foreign aid ows. Our findings reject the hypothesis formulated in the theoretical literature that a default leads to a loss of foreign aid for the defaulting country. Creditor countries directly...
Persistent link: https://www.econbiz.de/10010294382
Research suggests that a donor country's decision to provide post-disaster assistance is not only driven by the severity of a disaster and the resulting humanitarian needs in the recipient country but also by strategic considerations. We argue that the identification of the determinants of the...
Persistent link: https://www.econbiz.de/10010294787
Der Vorwurf von Globalisierungsgegnern, der IWF und die Weltbank trügen einen wesentlichen Teil der Verantwortung für weltweite Armut und gehäufte Finanzkrisen, ist nicht haltbar. Der Einfluss der Bretton- Woods-Institutionen auf die Wirtschaftspolitik und die wirtschaftliche Entwicklung...
Persistent link: https://www.econbiz.de/10010295026
Kürzlich ist die ursprünglich von James Tobin vorgeschlagene Steuer auf Devisenmarkttransaktionen wieder in die politische Diskussion gerückt. Die deutsche und die französische Regierung haben sich bereits im vergangenen Jahr positiv zur Einführung einer Tobin-Steuer geäußert. Anfang 2002...
Persistent link: https://www.econbiz.de/10010295039
International climate negotiations have specified that projects under the Clean Development Mechanism (CDM) should not lead to a „diversion“ of official development assistance (ODA). It is however unchallenged that ODA can be used in capacity building for the CDM. Diversion can be...
Persistent link: https://www.econbiz.de/10010295330
The World Bank is a prestigious and large international financial institution. Since its foundation it has widened the … scope and the size of its activities. One interpretation of what the World Bank is doing is the provision of public goods … more and more the functions of a world government in the making. An alternative interpretation would look at the World Bank …
Persistent link: https://www.econbiz.de/10010295425
The Clean Development Mechanism of the Kyoto Protocol could create a great chance for developing countries to profit from projects that reduce greenhouse gas emissions and improve the economic and environmental situation in the host country. The project cycle for the CDM differs from a usual...
Persistent link: https://www.econbiz.de/10010295586
We analyse the effect of IMF and World Bank policies on the composite index of economic freedom by Gwartney et al … World Bank credits is negative. These effects are stronger during the 1990s than in earlier periods. There is no clear …
Persistent link: https://www.econbiz.de/10010298103
Global governance refers to several pillars; one important pillar is the multilateral aid architecture. Its reform can be discussed under the perspectives of representativeness, inclusiveness, and efficiency (of aid delivery).A prerequisite for efficient aid delivery is to map the rising...
Persistent link: https://www.econbiz.de/10010298599