Adjustment Lending Revisited
Author : Vittorio Corbo
Publisher :
Page : 200 pages
File Size : 15,7 MB
Release : 1992
Category : Business & Economics
ISBN :
The Chicago Plan Revisited
Author : Mr.Jaromir Benes
Publisher : International Monetary Fund
Page : 71 pages
File Size : 26,74 MB
Release : 2012-08-01
Category : Business & Economics
ISBN : 1475505523
Book Description
At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.
Dollar a Day Revisited
Author : Martin Ravallion
Publisher : World Bank Publications
Page : 39 pages
File Size : 27,64 MB
Release : 2008
Category : Absolute poverty
ISBN :
Book Description
The article presents the first major update of the international $1 a day poverty line, proposed in World Development Report 1990: Poverty for measuring absolute poverty by the standards of the world's poorest countries. In a new and more representative data set of national poverty lines, a marked economic gradient emerges only when consumption per person is above about $2.00 a day at 2005 purchasing power parity. Below this, the average poverty line is $1.25, which is proposed as the new international poverty line. The article tests the robustness of this line to alternative estimation methods and explains how it differs from the old $1 a day line.
Conditionality Revisited
Author : Stefan Koeberle
Publisher : World Bank Publications
Page : 295 pages
File Size : 18,28 MB
Release : 2005-01-01
Category : Business & Economics
ISBN : 0821360132
Book Description
Annotation This book brings together different perspectives on the role of conditionality, drawing on the experiences and lessons learned by the donor community, NGO critics and academic circles, and the borrowing countries, and provides a board overview of contemporary approaches to conditionality in today's aid architecture.
The Washington Consensus Reconsidered
Author : Narcís Serra
Publisher : OUP Oxford
Page : 399 pages
File Size : 36,9 MB
Release : 2008-04-24
Category : Political Science
ISBN : 0191538604
Book Description
This volume brings together many of the leading international figures in development studies, such as Jose Antonio Ocampo, Paul Krugman, Dani Rodrik, Joseph Stiglitz, Daniel Cohen, Olivier Blanchard, Deepak Nayyar and John Williamson to reconsider and propose alternative development policies to the Washington Consensus. Covering a wide range of issues from macro-stabilization to trade and the future of global governance, this important volume makes a real contribution to this important and ongoing debate. The volume begins by introducing the Washington Consensus, discussing how it was originally formulated, what it left out, and how it was later interpreted, and sets the stage for a formulation of a new development framework in the post-Washington Consensus era. It then goes on to analyze and offer differing perspectives and potential solutions to a number of key development issues, some which were addressed by the Washington Consensus and others which were not. The volume concludes by looking toward formulating new policy frameworks and offers possible reforms to the current system of global governance.
World Bank
Author : Anne C. M. Salda
Publisher : Transaction Publishers
Page : 348 pages
File Size : 32,10 MB
Release : 1995
Category : Business & Economics
ISBN : 9781851092055
Book Description
Bank Risk-Taking and Competition Revisited
Author : Mr.Gianni De Nicolo
Publisher : International Monetary Fund
Page : 51 pages
File Size : 40,95 MB
Release : 2006-12-01
Category : Business & Economics
ISBN : 1451865570
Book Description
This paper studies two new models in which banks face a non-trivial asset allocation decision. The first model (CVH) predicts a negative relationship between banks' risk of failure and concentration, indicating a trade-off between competition and stability. The second model (BDN) predicts a positive relationship, suggesting no such trade-off exists. Both models can predict a negative relationship between concentration and bank loan-to-asset ratios, and a nonmonotonic relationship between bank concentration and profitability. We explore these predictions empirically using a cross-sectional sample of about 2,500 U.S. banks in 2003 and a panel data set of about 2,600 banks in 134 nonindustrialized countries for 1993-2004. In both these samples, we find that banks' probability of failure is positively and significantly related to concentration, loan-to-asset ratios are negatively and significantly related to concentration, and bank profits are positively and significantly related to concentration. Thus, the risk predictions of the CVH model are rejected, those of the BDN model are not, there is no trade-off between bank competition and stability, and bank competition fosters the willingness of banks to lend.
IMF Conditionality
Author : John Williamson
Publisher : MIT Press (MA)
Page : 708 pages
File Size : 26,65 MB
Release : 1983
Category : Business & Economics
ISBN :
Book Description
The twenty-one contributions in this book assess the controversy surrounding the Fund and provide judgments about the criteria for Fund lending which should help readers understand and analyze both its ongoing role in smoothing adjustment to international payments imbalances and its currently critical position in responding to the debt crisis.
Adjustment Programs and Bank Support
Author : Vittorio Corbo
Publisher : World Bank Publications
Page : 42 pages
File Size : 18,33 MB
Release : 1991
Category : Ajuste economico
ISBN : 9609301320
Book Description
Adjustment should begin with policy and institutional reforms to deal with the ultimate causes of any macroeconomic crisis a country is experiencing. Only when progress has been made in reducing inflation and fiscal and balance of payment deficits should other structural reforms begin - of the public sector, trade and competition, the financial sector, and the labor market.
Health Financing Revisited
Author : Pablo Enrique Gottret
Publisher : World Bank Publications
Page : 340 pages
File Size : 24,45 MB
Release : 2006-01-01
Category : Medical
ISBN : 082136586X
Book Description
This overview of health financing tools, policies and trends--with a particular focus on challenges facing developing countries--provides the basis for effective policy-making. Analyzing the current global environment, the book discusses health financing goals in the context of both the underlying health, demographic, social, economic, political and demographic analytics as well as the institutional realities faced by developing countries, and assesses policy options in the context of global evidence, the international aid architecture, cross-sectoral interactions, and countries' macroeconomic frameworks and overall development plans.
