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Modern economics has largely ignored the issue of outright conflict as an alternative way of allocating goods, assuming instead the existence of well-defined property rights enforced by an undefined third party. And yet even in ostensibly peaceful market transactions, conflict exists as an...
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This report analyses the role that external shock financing can play in addressing the adverse impacts of external … shocks in L&MICs. It summarises the growth impact of external shocks, maps out existing external shock financing facilities … and instruments in the global financing architecture, and assesses the performance of external shock financing by the …
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Noting that "one size does not fit all" in the case of the finance-growth (FG) nexus, a growing body of literature has recently focused on uncovering economic conditions under which financial development could be beneficial (detrimental) to economic development. We look into these conditions by...
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