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Macroeconomic stability in developing countries - How much is enough?
Montiel, Peter; Serven, Luis - Economics Research, World Bank Group - 2004
In the 1990s macroeconomic policies improved in a majority of developing countries, but the growth dividend from such improvement fell short of expectations, and a policy agenda focused on stability turned out to be associated with a multiplicity of financial crises. The authors take a...
Persistent link: https://www.econbiz.de/10005133542
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What factors appear to drive private capital flows to developing countries? and how does official lending respond?
Dasgupta, Dipak; Ratha, Dilip - Economics Research, World Bank Group - 2000
The authors study what drives private capital flows to developing countries, as well as the apparent response of official lending for the years 1978-97. Econometric results reveal that non-foreign direct investment portfolio flows to a country tended to rise in response to: 1) An increase in the...
Persistent link: https://www.econbiz.de/10005128533
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Determinants of current account deficits in developing countries
Calderon, Cesar; Chong, Alberto; Loayza, Norman - Economics Research, World Bank Group - 2000
The authors examine the empirical links between current account deficits and a broad set of economic variables proposed in the literature. To accomplish this, they complement and extend previous research by using a large, consistent set of macroeconomic data on public and private domestic...
Persistent link: https://www.econbiz.de/10005141468
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How did the Asian countries avoid the debt crisis?
Husain, Ishrat - Economics Research, World Bank Group - 1991
Economic stability, sound macroeconomic policies, and appropriate microeconomic incentives hold down a country's external debt burden. Most of the Asian countries pursued prudent macroeconomic policies, paid attention to price stability, and minimized price distortions. These countries avoided...
Persistent link: https://www.econbiz.de/10005030442
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Financial structure and economic development - firm, industry, and country evidence
Beck, Thorsten; Demirguc-Kunt, Asli; Levine, Ross; … - Economics Research, World Bank Group - 2000
The authors explore the relationship between financial structure - the degree to which a financial system is market- or bank-based - and economicdevelopment. They use three methodologies: 1) The cross-country approach uses cross-country data to assess whether economies grow faster with market-...
Persistent link: https://www.econbiz.de/10005116605
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Inequality, the price of nontradables, and the real exchange rate : theory and cross-country evidence
Min, Hong-Ghi - Economics Research, World Bank Group - 2002
The author provides theoretical and empirical evidence of a negative association between income inequality and real … exchange rates. First, he builds a theoretical model showing the transmission mechanism from inequality to real exchange rates … negative relationship between inequality and real exchange rates does not imply that policies aimed at dramatic redistribution …
Persistent link: https://www.econbiz.de/10005079501
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Are external shocks responsible for the instability of output in low income countries?
Raddatz, Claudio - Economics Research, World Bank Group - 2005
External shocks, such as commodity price fluctuations, natural disasters, and the role of the international economy, are often blamed for the poor economic performance of low-income countries. The author quantifies the impact of these different external shocks using a panel vector autoregression...
Persistent link: https://www.econbiz.de/10005079828
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How financial markets affect long run growth : a cross country study
Ghani, Ejaz - Economics Research, World Bank Group - 1992
Empirical studies on new growth theory have tended to ignore financial policy's role in development. The author provides evidence that the initial level of financial development is positively associated with a country's later GDP growth rate, after controlling for the effect of the starting...
Persistent link: https://www.econbiz.de/10005128506
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The structural determinants of external vulnerability
Loayza, Norman V.; Raddatz, Claudio - Economics Research, World Bank Group - 2006
The authors examine empirically how domestic structural characteristics related to openness and product- and factor-market flexibility influence the impact that terms-of-trade shocks can have on aggregate output. For this purpose, they apply an econometric methodology based on semi-structural...
Persistent link: https://www.econbiz.de/10004989864
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PRE working paper series : numbers 628 to 668
Economics Research, World Bank Group - 1991
This paper contains a numerical listing of working papers produced by the Policy, Planning, and External Affairs Complex. Each citation contains a brief abstract, and the contact point for the paper.
Persistent link: https://www.econbiz.de/10005128947