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Reflections Of The Credit Policy In Developing Countires
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Book Synopsis Reflections on Credit Policy in Developing Contries by :
Download or read book Reflections on Credit Policy in Developing Contries written by and published by World Bank Publications. This book was released on with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Land of Too Much by : Monica Prasad
Download or read book The Land of Too Much written by Monica Prasad and published by Harvard University Press. This book was released on 2012-12-31 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Land of Too Much presents a simple but powerful hypothesis that addresses three questions: Why does the United States have more poverty than any other developed country? Why did it experience an attack on state intervention starting in the 1980s, known today as the neoliberal revolution? And why did it recently suffer the greatest economic meltdown in seventy-five years? Although the United States is often considered a liberal, laissez-faire state, Monica Prasad marshals convincing evidence to the contrary. Indeed, she argues that a strong tradition of government intervention undermined the development of a European-style welfare state. The demand-side theory of comparative political economy she develops here explains how and why this happened. Her argument begins in the late nineteenth century, when America’s explosive economic growth overwhelmed world markets, causing price declines everywhere. While European countries adopted protectionist policies in response, in the United States lower prices spurred an agrarian movement that rearranged the political landscape. The federal government instituted progressive taxation and a series of strict financial regulations that ironically resulted in more freely available credit. As European countries developed growth models focused on investment and exports, the United States developed a growth model based on consumption. These large-scale interventions led to economic growth that met citizen needs through private credit rather than through social welfare policies. Among the outcomes have been higher poverty, a backlash against taxation and regulation, and a housing bubble fueled by “mortgage Keynesianism.” This book will launch a thousand debates.
Book Synopsis Public Financial Management and Its Emerging Architecture by : Mr. M. Cangiano
Download or read book Public Financial Management and Its Emerging Architecture written by Mr. M. Cangiano and published by International Monetary Fund. This book was released on 2013-04-05 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first two decades of the twenty-first century have witnessed an influx of innovations and reforms in public financial management. The current wave of reforms is markedly different from those in the past, owing to the sheer number of innovations, their widespread adoption, and the sense that they add up to a fundamental change in the way governments manage public money. This book takes stock of the most important innovations that have emerged over the past two decades, including fiscal responsibility legislation, fiscal rules, medium-term budget frameworks, fiscal councils, fiscal risk management techniques, performance budgeting, and accrual reporting and accounting. Not merely a handbook or manual describing practices in the field, the volume instead poses critical questions about innovations; the issues and challenges that have appeared along the way, including those associated with the global economic crisis; and how the ground can be prepared for the next generation of public financial management reforms. Watch Video of Book Launch
Book Synopsis Financial Liberalization, Credit Constraints, and Collateral by : Mr.R. Gelos
Download or read book Financial Liberalization, Credit Constraints, and Collateral written by Mr.R. Gelos and published by International Monetary Fund. This book was released on 1999-03-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the impact of financial liberalization on fixed investment in Mexico, using establishment-level data from the manufacturing sector. It analyzes changes in cash-flow sensitivities and uses an innovative approach to explore the role of real estate as collateral and deal with a potential censoring problem. The results suggest that financial constraints were eased for small firms but not for large ones. However, banks’ reliance on collateral in their lending operations increased the importance of real estate. The results provide microeconomic evidence consistent with the role attributed to “financial accelerator” mechanisms during lending booms and during recessions that stem from financial crises.
Download or read book Outcome Mapping written by Sarah Earl and published by IDRC (International Development Research Centre). This book was released on 2001 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: Outcome Mapping: Building learning and reflection into development programs
Book Synopsis The Bretton Woods Agencies and Sub-Saharan Africa in the 1990s by : Richard E. Feinberg
Download or read book The Bretton Woods Agencies and Sub-Saharan Africa in the 1990s written by Richard E. Feinberg and published by World Bank Publications. This book was released on 1991 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: The International Monetary Fund and the World Bank face a complex development challenge in Sub-Saharan Africa in the coming decade. The World Bank should take the lead in organizing external assistance efforts and structural reform programs in this region.
Book Synopsis Lessons from the Heterodox Stabilization Programs by : Miguel Alberto Kiguel
Download or read book Lessons from the Heterodox Stabilization Programs written by Miguel Alberto Kiguel and published by World Bank Publications. This book was released on 1991 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: Heterodox stabilization programs are more successful in chronic high inflation countries because only there can the benefits from achieving a rapid initial reduction in inflation outweigh the costs of tampering with price and wage controls. While the heterodox phase is effective in blocking inflation initially, success depends on a long- term commitment to the orthodox part of the program and the readiness to accept the unavoidable costs of disinflation.
Book Synopsis Causes and Consequences of Income Inequality by : Ms.Era Dabla-Norris
Download or read book Causes and Consequences of Income Inequality written by Ms.Era Dabla-Norris and published by International Monetary Fund. This book was released on 2015-06-15 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.
Book Synopsis Microeconomic Distortions by : Ramon Eugenio Lopez
Download or read book Microeconomic Distortions written by Ramon Eugenio Lopez and published by World Bank Publications. This book was released on 1991 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade distortions can reduce the social efficiency of investment. Even a moderate, uniform tariff of 50 percent could reduce the efficiency of investment by almost a quarter.
Book Synopsis Dark Matter Credit by : Philip T. Hoffman
Download or read book Dark Matter Credit written by Philip T. Hoffman and published by Princeton University Press. This book was released on 2019-02-05 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: How a vast network of shadow credit financed European growth long before the advent of banking Prevailing wisdom dictates that, without banks, countries would be mired in poverty. Yet somehow much of Europe managed to grow rich long before the diffusion of banks. Dark Matter Credit draws on centuries of cleverly collected loan data from France to reveal how credit abounded well before banks opened their doors. This incisive book shows how a vast system of shadow credit enabled nearly a third of French families to borrow in 1740, and by 1840 funded as much mortgage debt as the American banking system of the 1950s. Dark Matter Credit traces how this extensive private network outcompeted banks and thrived prior to World War I—not just in France but in Britain, Germany, and the United States—until killed off by government intervention after 1918. Overturning common assumptions about banks and economic growth, the book paints a revealing picture of an until-now hidden market of thousands of peer-to-peer loans made possible by a network of brokers who matched lenders with borrowers and certified the borrowers’ creditworthiness. A major work of scholarship, Dark Matter Credit challenges widespread misperceptions about French economic history, such as the notion that banks proliferated slowly, and the idea that financial innovation was hobbled by French law. By documenting how intermediaries in the shadow credit market devised effective financial instruments, this compelling book provides new insights into how countries can develop and thrive today.
Book Synopsis The Macroecononomics of Public Sector Deficits by :
Download or read book The Macroecononomics of Public Sector Deficits written by and published by World Bank Publications. This book was released on with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Impact of Macroeconomics Policies in Trinidad and Tobago by : P. Harrison
Download or read book The Impact of Macroeconomics Policies in Trinidad and Tobago written by P. Harrison and published by Springer. This book was released on 2002-10-03 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing countries undergoing economic crises have traditionally followed economic restructuring programmes that are based on the premise that private investment recovery is assured once the market is allowed to prevail. There is little regard for the micro-level unit - the 'investing-firm' - in this process, the conditions that characterize the product and factor markets and the positioning of the firm at the outset of adjustment. This book focuses on the firm and its experience in the restructuring process within the context of a heterogenous private sector.
Book Synopsis Distributional Effects of Adjustment Policies by : François Bourguignon
Download or read book Distributional Effects of Adjustment Policies written by François Bourguignon and published by World Bank Publications. This book was released on 1991 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic crises in the 1980s made it more difficult to design policies to alleviate poverty because of the need to stabilize the economy and promote restructuring that would ensure long- term growth.
Book Synopsis Developing Country Debt and Economic Performance, Volume 3 by : Jeffrey D. Sachs
Download or read book Developing Country Debt and Economic Performance, Volume 3 written by Jeffrey D. Sachs and published by University of Chicago Press. This book was released on 2007-12-01 with total page 834 pages. Available in PDF, EPUB and Kindle. Book excerpt: For dozens of developing countries, the financial upheavals of the 1980s have set back economic development by a decade or more. Poverty in those countries has intensified as they struggle under the burden of an enormous external debt. In 1988, more than six years after the onset of the crisis, almost all the debtor countries were still unable to borrow in the international capital markets on normal terms. Moreover, the world financial system has been disrupted by the prospect of widespread defaults on those debts. Because of the urgency of the present crisis, and because similar crises have recurred intermittently for at least 175 years, it is important to understand the fundamental features of the international macroeconomy and global financial markets that have contributed to this repeated instability. This project on developing country debt, undertaken by the National Bureau of Economic Research, provides a detailed analysis of the ongoing developing country debt crisis. The project focuses on the middle-income developing countries, particularly those in Latin America and East Asia, although many lessons of the study should apply as well to other, poorer debtor countries. The project analyzes the crisis from two perspectives, that of the international financial system as a whole (volume 1) and that of individual debtor countries (volumes 2 and 3). This third volume contains lengthy and detailed case studies of four very different Asian countries—Turkey, Indonesia, Korea, and the Philippines.
Book Synopsis Trends in Social Indicators and Social Sector Financing by :
Download or read book Trends in Social Indicators and Social Sector Financing written by and published by World Bank Publications. This book was released on with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Monetary Policy in Developing Countries by : Sheila Page
Download or read book Monetary Policy in Developing Countries written by Sheila Page and published by Routledge. This book was released on 2013-10-11 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing countries now use monetary policy as part of their adjustment programmes but its targets, the tools, and the theory were developed for advanced countries. Low income countries do not have the sophisticated financial sectors that rich ones can assume, and the shocks and size of adjustment which they face may be much greater. Using six country studies, with special analysis of the roles of the external sector and the informal financial sector, this book analyses the interaction among monetary policy, the financial sector, and development.
Book Synopsis Developing Country Debt and the World Economy by : Jeffrey D. Sachs
Download or read book Developing Country Debt and the World Economy written by Jeffrey D. Sachs and published by University of Chicago Press. This book was released on 2007-12-01 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: For dozens of developing countries, the financial upheavals of the 1980s have set back economic development by a decade or more. Poverty in those countries have intensified as they struggle under the burden of an enormous external debt. In 1988, more than six years after the onset of the crisis, almost all the debtor countries were still unable to borrow in the international capital markets on normal terms. Moreover, the world financial system has been disrupted by the prospect of widespread defaults on those debts. Because of the urgency of the present crisis, and because similar crises have recurred intermittently for at least 175 years, it is important to understand the fundamental features of the international macroeconomy and global financial markets that have contributed to this repeated instability. Developing Country Debt and the World Economy contains nontechnical versions of papers prepared under the auspices of the project on developing country debt, sponsored by the National Bureau of Economic Research. The project focuses on the middle-income developing countries, particularly those in Latin America and East Asia, although many lessons of the study should apply as well to other, poorer debtor countries. The contributors analyze the crisis from two perspectives, that of the international financial system as a whole and that of individual debtor countries. Studies of eight countries—Argentina, Bolivia, Brazil, Indonesia, Mexico, the Philippines, South Korea, and Turkey—explore the question of why some countries succumbed to serious financial crises while other did not. Each study was prepared by a team of two authors—a U.S.-based research and an economist from the country under study. An additional eight papers approach the problem of developing country debt from a global or "systemic" perspective. The topics they cover include the history of international sovereign lending and previous debt crises, the political factors that contribute to poor economic policies in many debtor nations, the role of commercial banks and the International Monetary Fund during the current crisis, the links between debt in developing countries and economic policies in the industrialized nations, and possible new approaches to the global management of the crisis.