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to aid volatility, already considered to be an issue. We do not find any negative and significant correlations between … the current debate on aid fragmentation by providing trends for the last 50 years. We show that aid donors have constantly …This paper presents stylised facts about development aid and capital flows to developing countries. It compares their …
Persistent link: https://www.econbiz.de/10012722421
Policy prescriptions for managing natural resource windfalls are based on the permanent income hypothesis: none of the windfall is invested at home and saving in an intergenerational SWF is dictated by smoothing consumption across different generations. Furthermore, with Dutch disease effects...
Persistent link: https://www.econbiz.de/10012960370
has emerged about the possible negative effects of aid volatility itself. However, the cushioning effect of aid may … involve some volatility in aid flows, which then is not necessarily negative for growth. In this paper we examine to what … destabilizing. We measure aid volatility by several methods and assess procyclicality of aid with respect to exports, thus departing …
Persistent link: https://www.econbiz.de/10010273414
This paper extends the classic factor-based asset pricing model by including network linkages in linear factor models. We assume that the network linkages are exogenously provided. This extension of the model allows a better understanding of the causes of systematic risk and shows that (i)...
Persistent link: https://www.econbiz.de/10011598385
has emerged about the possible negative effects of aid volatility itself. However, the cushioning effect of aid may … involve some volatility in aid flows, which then is not necessarily negative for growth. In this paper we examine to what … destabilizing. We measure aid volatility by several methods and assess procyclicality of aid with respect to exports, thus departing …
Persistent link: https://www.econbiz.de/10003793607
This paper reviews both the literature on aid volatility and also adds to that literature. In general, the focus of … this literature has been on the volatility of overall aid, while we focus more on the volatility of the individual aid … commitments and disbursements, particularly the latter. Key aid sectors in explaining total aid volatility relate to debt …
Persistent link: https://www.econbiz.de/10009516697
Purpose- This paper has put a demand-side empirical structure to the hypothesis that foreign aid volatility adversely …. Findings- The findings broadly show that foreign aid volatility does not adversely affect the demand-side choices of lifelong … combined knowledge acquired during primary, secondary and tertiary educational enrolments. Three types of aggregate foreign aid …
Persistent link: https://www.econbiz.de/10011408497
This paper describes some policy instruments set up by the IMF and the European Union in order to provide financial assistance to developing countries whose economies are affected by exogenous shocks from exports side. After briefly reviewing the IMF's CFF and the EU's STABEX, the paper presents...
Persistent link: https://www.econbiz.de/10013107577
The volatility of exchange rates leads to reduction of the international trade volume, mainly in the emerging economies … South- North trading flow, which comes timely after increasing volatility between Euro and Arab national currencies during … paper investigates the impact of exchange rate volatility on trading between South- North parts, using monthly time series …
Persistent link: https://www.econbiz.de/10013108431
economic transformation, aid volatility deteriorates sectoral value additions with huge impact on the non — tradable sector and … a no apparent effect on the agricultural sector. However, the deleterious effect of aid volatility on structural …This paper departs from the traditional aid — economic growth studies through its examination of the impact of aid and …
Persistent link: https://www.econbiz.de/10012958807