Showing 1 - 10 of 1,096
In this paper we investigate whether the design of World Bank conditionality, namely the extent of trade liberalization conditions, is influenced by the commercial motives of the Bank’s five major shareholders. Using a newly available dataset on World Bank conditionality we analyze the...
Persistent link: https://www.econbiz.de/10010207898
We examine the determinants of capital flows to four developing countries during the 1990s using an explicitly disequilibrium econometric framework in which the supply and demand for capital are not necessarily equal and the actual amount of the flow is determined by the 'short side' of the...
Persistent link: https://www.econbiz.de/10013317909
Multilateral development finance is at a critical juncture. In the past 70 years, it has developed through four distinct stages. The Bretton Woods conference established the World Bank and the International Monetary Fund in 1944 to finance post-war reconstruction and stabilize the global...
Persistent link: https://www.econbiz.de/10010381537
International Monetary Fund (IMF) have aimed to consistently speak with one voice vis-agrave;-vis their member governments. However …
Persistent link: https://www.econbiz.de/10012728442
This paper examines the role of IMF-supported programs in crisis prevention; specifically, whether, conditional on an … episode of intense market pressures, IMF financial support helps prevent a capital account crisis from developing and, if so …, through what channels. In doing so, the paper distinguishes between the seal of approval inherent in IMF support and its …
Persistent link: https://www.econbiz.de/10012780259
We investigate the role of accounting and audit quality in the allocation of international development aid loans provided by the World Bank. This aid is crucial to improve governance functions, infrastructure, and capital markets, and the accounting and audit environments in a country can...
Persistent link: https://www.econbiz.de/10012904877
Multilateral development finance is at a critical juncture. In the past 70 years, it has developed through four distinct stages. The Bretton Woods conference established the World Bank and the International Monetary Fund in 1944 to finance post-war reconstruction and stabilize the global...
Persistent link: https://www.econbiz.de/10013050039
We investigate the role of accounting and audit quality in the allocation of international development aid loans provided by the World Bank. This aid is crucial to improve governance functions, infrastructure, and capital markets, and the accounting and audit environments in a country can...
Persistent link: https://www.econbiz.de/10013053339
The total funding envelope for World Bank projects is often divided among various state and non-state actors, each of which can have competing ideas about or interests in the project. How does the division of financing relate to overall project effectiveness? I argue that too many funding...
Persistent link: https://www.econbiz.de/10011978531
The World Bank is no stranger to criticism of its projects, especially in respect of its privatization and private sector development projects. Critics point to the environmental, social and cultural damage that certain projects have caused, which for some appears not just to be a product of the...
Persistent link: https://www.econbiz.de/10014218098