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Author: Sonali Jain-Chandra
Publisher:
ISBN:
Category :
Languages : en
Pages : 123
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Book Description
Author: Sonali Jain-Chandra
Publisher:
ISBN:
Category :
Languages : en
Pages : 123
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Book Description
Author: C. Fred Bergsten
Publisher: Peterson Institute
ISBN: 0881326631
Category : Business & Economics
Languages : en
Pages : 257
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Book Description
Over the course of five decades, John Williamson has published an extraordinary number of books, articles, and other pieces on topics ranging from international monetary economics to development policy and bridging scholarly literature and policy debates. This book provides an overview and insight into Williamson's work. It includes contributions from the editors, Stanley Fischer, Edwin M. Truman, Paul De Grauwe, Yuemei Ji, Marcus Miller, Avinash Persaud, Stephany Griffith-Jones, Dagmar Hertova, Olivier Jeanne, Shankar Acharya, Jose Antonio Ocampo, and an essay by John Williamson on designing economic policy.
Author: Jan Toporowski
Publisher: Anthem Press
ISBN: 0857286544
Category : Business & Economics
Languages : en
Pages : 159
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Book Description
The essays in this volume explain the key structural features of financial inflation that give rise to financial crisis. These features include excessive reliance on finance to maintain economic activity through rising asset prices. Reliance on asset inflation induces a preoccupation with property values and a new social divide between the asset-rich and the asset-poor that undermines the culture of the welfare state. When debt can no longer be supported by cash flow from asset markets, excess debt plunges economies into economic depression.
Author: Monica Fuentes
Publisher:
ISBN:
Category :
Languages : en
Pages : 212
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Book Description
Author: Tuomas Komulainen
Publisher:
ISBN:
Category : Currency crises
Languages : en
Pages : 184
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Book Description
Tiivistelmä.
Author: Herbert Onye Orji
Publisher: AuthorHouse
ISBN: 1463443706
Category : Business & Economics
Languages : en
Pages : 453
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Book Description
This book, Platinum Essays In The Philosophy Of Applied Economics Of Development, is a collection of interrelated and interconnected essays on applied economics of development with underlying philosophy contents. The topic and areas of coverage were carefully chosen to comprehensively reflect a mandatory range of issues, germane to the understanding, teaching, research, publication and practice of applied economics of development, particularly in medium-to low income emerging markets. There are twenty one chapters each with a topic of major developmental significance in applied economics. Based on the clear and lucid underlying philosophical statements, the broad scope of the applied definitions, analytical and descriptive review of relevant modern and dated literatures, germane to the discourse, observations, recommendations, conclusions and range of ease or otherwise of policy implementations, the key objectives of the book have been achieved.
Author: TAREK FOUAD GHANI
Publisher:
ISBN:
Category :
Languages : en
Pages : 124
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Book Description
Market frictions pervade emerging economies and constrain private sector development. In such settings, formal institutions to help address contract enforcement, property rights and information asymmetries are typically weak or absent. Instead, market participants must rely on informal practices and institutions to mitigate uncertainty, instability and opportunism. For example, personalized exchange relationships are useful when contract enforcement is weak, and cash holdings can be attractive when financial institutions are unreliable. In three specific emerging economy settings, I explore how informal practices and institutions interact with formal market development, and in particular the role that market frictions play in determining outcomes for firms, technologies and employees. The first chapter of this dissertation explores how changes in formal upstream market structure affect the economics of downstream relationships using original data from the ice industry in Sierra Leone. In this setting, a monopoly ice manufacturer sells through independent retailers to fishermen buyers. I demonstrate that a shock that increases upstream competition among manufacturers improves the contractual terms offered by retailers to buyers. Under the monopoly manufacturer, late deliveries are common due to outside demand shocks. To help mitigate this uncertainty, retailers prioritize loyal customers when faced with shortages, and buyers respond by rarely switching retailers. When manufacturers compete, prices fall, quantities increase and services improve with fewer late deliveries. Entry upstream also disrupts collusion among retailers by increasing the value of competing for buyer relationships. Competing retailers expand trade credit provision as a new basis for loyalty, and stable buyer relationships reemerge after a period of intense switching. The findings suggest that market structure shapes informal contractual institutions, and that competition can reconstitute the nature of relationships. The second chapter addresses the relationship between violence and financial decisions in Afghanistan. In particular, I investigate how violence affects the tradeoff between informal cash holdings - which are liquid but insecure - and usage of a more secure but less liquid formal financial account. Using three separate data sources, I find that individuals experiencing violence retain more cash and are less likely to adopt and use mobile money, a new financial technology. First, combining detailed information on the entire universe of mobile money transactions in Afghanistan with administrative records for all violent incidents recorded by international forces, I find a negative relationship between violence and mobile money use. Second, in the context of a randomized control trial, violence is associated with decreased mobile money use and greater cash balances. Third, in financial survey data from nineteen of Afghanistan's 34 provinces, I find that individuals experiencing violence hold more cash. Collectively, the evidence indicates that individuals experiencing violence prefer cash to mobile money. More speculatively, it appears that this is principally because of concerns about future violence. These results emphasize the difficulty of creating robust financial networks in conflict settings. Finally, in the third chapter, I study how informal behaviors interact with incentives to affect employees' decisions to formally save in the context of a large firm in Afghanistan. I analyze a mobile phone-based account that allows savings to be automatically deducted from salaries. Employees who are automatically enrolled in this defined-contribution account are 40 percentage points more likely to contribute than individuals with a default contribution of zero. Analyzing randomly assigned employer matching contributions, I find that the effect of automatic enrollment on participation is approximately equivalent to providing financial incentives equal to a 50 percent match. To understand why default enrollment increases participation, some employees are randomly offered an immediate financial consultation, and others a financial consultation in one week. Employees are more likely to discuss changing their savings contributions in one week, suggesting that defaults raise contributions because of the perceived complexity of financial decisions, and because employees procrastinate in developing a financial plan for the future.
Author: Ursula Vogel
Publisher:
ISBN:
Category :
Languages : en
Pages : 33
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Book Description
Author: Tanmoyee Banerjee Chatterjee
Publisher: Springer Nature
ISBN: 981994063X
Category : Business & Economics
Languages : en
Pages : 340
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Book Description
This book is an innovative exercise to unravel recent advances in development fundamentals in emerging economies through Indian lens that include various aspects of macroeconomics, international trade, finance, and issues connected to social sector that have become more important in post-pandemic world. The book throws light on efficacy of existing policies and need of reform in policy framework to enhance growth and development and reduce gender disparities in the context of India and other emerging economies. The papers included in different chapters use frontline techniques to discuss various issues that in turn will be of great help for graduate and postgraduate teaching as well as for research. The book substantially contributes to the growing literature on issues relating trade, development, finance, and social sector in light of threat posed by COVID-19 pandemic in emerging market economies and extends the frontiers of knowledge.
Author: R. Rajan
Publisher: Palgrave Macmillan
ISBN: 9780230238459
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
This book on the different aspects of international economic policy covers financial crises, reserve accumulation, capital flows and currency wars as well as issues relating to foreign direct investment and developments in China and India.
