Following the financial crisis that broke in the US and other Western economies in late 2008, there is now serious concern about its impact on the developing countries. The world media almost daily reports scenarios of gloom and doom, with many predicting a deep global recession. This paper...

The strong interdependence between the developed and developing worlds surfaced with the recent economic downturn. Due to the global character of the economy, the downturn affected not only the North but also the South. In addition, the Official Development Assistance (ODA) is subject to a...

In the wake of the global crisis the International Monetary Fund (IMF) increased its exposure to low-and middle-income countries and boosted the overhaul of its lending approach to enhance its role in preventing crises. This paper tests whether IMF lending has targeted countries most affected by...

This article should serve as an introduction into cat-bonds, how they work and what advantages they have in portfolio construction.It also the possibility merging two familiar concepts, cat-bonds and Public Private Partnership (PPP). By doing so, infrastructure could be financed in a way that...

This paper estimates the likely consequences of the financial crisis on aid budgets. It uses two different approaches. First, past financial crises are used to compare aid budgets between countries where a crisis broke out and those where it did not. It is shown that a financial crisis not only...

Exemplifying the negative consequences of a variety of inappropriate fiscal and social policies, Zimbabwe has failed to realize its potential to become a strong, independent state, going from the admiration and envy of its neighbours to near-complete collapse and abject poverty. Economic...

Dans cette recherche, nous tentons d'évaluer les effets de la crise économique mondiale de 2008-2009 sur l'économie sénégalaise. A l'aide d'un modèle d'équilibre général calculable statique, nous mettons en exergue les principaux canaux par lesquels cette crise a pu se transmettre à...

A crisis is a terrible thing to waste, and nowhere is this truer than in the arena of international economic policy cooperation. With the world facing the largest and most synchronized plunge in output of the postwar era, policy makers banded together to find solutions. This paper looks at the...

The global recession has strongly affected the credibility of the international banking system, damaging also the real economy.Developing countries, not fully integrated with international markets, seem less affected and local microfinance institutions might also allow for a further shelter...