Finance & Development, December 2003 PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Finance & Development, December 2003 PDF full book. Access full book title Finance & Development, December 2003 by International Monetary Fund. External Relations Dept.. Download full books in PDF and EPUB format.
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1451952015
Category : Business & Economics
Languages : en
Pages : 60
Get Book Here
Book Description
This paper describes why the international community needs to act now to stand a chance of meeting the Millennium Development Goals (MDGs). The paper gives example of Ethiopia, one of the poorest countries in the world, with an estimated per capita income of about US$100. According to the World Bank, recent national household surveys find 44 percent of the people in Ethiopia cannot meet basic needs. The paper discusses that Ethiopia in many ways epitomizes why the MDGs are important and why more money is needed to achieve them.
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1451952015
Category : Business & Economics
Languages : en
Pages : 60
Get Book Here
Book Description
This paper describes why the international community needs to act now to stand a chance of meeting the Millennium Development Goals (MDGs). The paper gives example of Ethiopia, one of the poorest countries in the world, with an estimated per capita income of about US$100. According to the World Bank, recent national household surveys find 44 percent of the people in Ethiopia cannot meet basic needs. The paper discusses that Ethiopia in many ways epitomizes why the MDGs are important and why more money is needed to achieve them.
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1451951868
Category : Business & Economics
Languages : en
Pages : 60
Get Book Here
Book Description
WHAT early warning signals should policymakers heed to avoid a repeat of a Mexico-type reversal of private capital flows? Experience suggests that a combination of indicators can provide powerful hints of approaching problems.
Author: N. Mathieu
Publisher: World Bank Publications
ISBN: 9780821342916
Category : Business & Economics
Languages : en
Pages : 108
Get Book Here
Book Description
Soon after its declaration of independence, Lithuania launched a program of market-based economic reforms that achieved remarkable results. However, a banking crisis erupted in January 1996, driven by a combination of ineffective bank supervision, poor bank practices, and deep-rooted sectoral imbalances. With financial support from the World Bank, Lithuanian authorities embarked on a broad economic reform program with two immediate objectives: the resolution of the banking system's operational and undercapitalization problems, and a reduction in the most severe imbalances in the economy. Volume I (see ordering information below) distills findings and conclusions and builds a policy action plan for fast stable growth. Volume II contains a collection of twelve policy notes that provide the technical analysis behind that plan. Also available: Volume II/Analytical Backgroung(ISBN 0-8213-4327-0) Stock no. 14327.
Author: Robert J. Cull
Publisher: World Bank Publications
ISBN:
Category : Banking law
Languages : en
Pages : 66
Get Book Here
Book Description
Do deposit insurance programs contribute to financial developmen? Yes, but only if the regulatory environment is sound.
Author: Faruk Ulgen
Publisher: Routledge
ISBN: 1317301625
Category : Business & Economics
Languages : en
Pages : 247
Get Book Here
Book Description
Recurrent crises in emerging markets and in advanced economies in the last decades cast doubt about the ability of financial liberalization to meet the aims of sustainable economic growth and development. The increasing importance of financial markets and financial efficiency criterion over economic decisions and policies since the 1980s laid down the conditions of the development process of emerging market economies. Numerous crises experienced thereafter gave rise to flourishing work on the links between financialization and economic development. Several decades of observations and lessons can now be integrated into economic and econometric models to give more sophisticated and multivariable approaches to financial development with respect to growth and development issues. In the markets-based and private-enterprise dominated world economy, two conditions for a successful growth-enhancing financial evolution can at least be brought fore: macroeconomic stability and consistent supervision. But even after the 2007-2008 global crisis, economists do not agree on the meaning of those conditions. For liberal and equilibrium-market economists, good finance and supervision mean market-friendly structures while for institutionalists, post-Keynesian and Marxist economists, good finance and supervision must lie in collectively designed and managed public structures. Drawing heavily on the tumultuous crises of the 1990s-2000s, this book argues that those experiences can shed light on such a crucial issue and lead economic theory and policy to go beyond the blindness of efficient free markets doctrine to economic catastrophes. It also points to new challenges to global stability in the wake of reconfiguration of international financial arena under the weight of major emerging market economies.
Author: Alison Harwood
Publisher: Brookings Institution Press
ISBN: 9780815716204
Category : Business & Economics
Languages : en
Pages : 430
Get Book Here
Book Description
This volume brings together market practitioners, policymakers, development specialists, and academics from developed and emerging market countries to examine the underlying causes of the Asian financial crisis and ways of preventing future crises in emerging markets. Contents of the volume include: •"The Asian Crisis: Causes and Consequences" by Richard Cooper, Harvard University •"A Closer Look at Equity Flows to Emerging Markets" by Michael Barth, Capital Markets Development Department, The World Bank, and Konstantinos Tsatsaronis, Monetary and Economic Department, Bank for International Settlements •"Corporate Governance and the Treatment of Minority Shareholders," by Kenneth Scott, Stanford Law School •"Foreign Investment in Asia" by Jarrod Wilcox, PanAgora Asset Management •"The Future of Emerging Markets Investing" by Michael Adler, Columbia Graduate School of Business •"Lessons of the Asian Crisis for Latin America" by Sebastian Edwards, University of California at Los Angeles •"Global Capital Markets: What Do They Mean?" by Ian Giddy, Stern School of Business, New York University Copublished with the World Bank
Author: Estelle James
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 30
Get Book Here
Book Description
January 1996 A summary of recommendations in the recent World Bank report on old-age security programs, and an analysis of why the International Labour Organisation and the International Social Security Association came to different policy conclusions. In the World Bank's view, these programs should protect the old, but because such massive resources are involved, one must also consider how they affect the general economy. The current social security systems in many OECD countries were adopted before World War II, when private financial markets were underdeveloped or in disrepute. They expanded sharply in the 1950s and 1960s, when real wages and population were growing rapidly. Under those circumstances, it seemed natural to rely on a publicly managed payroll-tax-financed pay-as-you-go (PAYG) system. But in the past 40 years, real wage growth has slowed and population growth has come to a halt in OECD countries, so tax rates must go up sharply if PAYG systems are to be retained. It has become increasingly important to minimize work disincentives and to increase labor productivity through capital accumulation, which the public pillar is not well-suited to do. Shifting partial responsibility to privately managed plans that are funded and that tie benefits to contributions is likely to improve economic growth and provide better benefits than will continued reliance on a payroll-tax-financed PAYG system, concludes the World Bank. The OECD countries can shift gradually to a two-pillar system by reducing and flattening the benefits in their public pillars and using the released resources (plus some additional contributions) to build funded defined contribution accounts in a new mandatory saving pillar. If developing countries follow the path the OECD countries once followed, they will encounter dramatically escalating contribution rates, great intergenerational transfers, and related problems. Given their rapid rate of demographic aging, it is important for them to establish a multi-pillar system from the start. James argues that the World Bank position differs from those of the International Labour Organisation (ILO) and International Social Security Association (ISSA) because the Bank: * Is more concerned about how social security systems affect the general economy. * Is troubled by inequities often found in current systems (in practice, if not on paper). * Believes that behavioral responses and factors of political economy sometimes make nonviable the design changes the ILO and ISSA recommend for public systems. * Values risk diversification. (Financial markets are now both better and more global than before, so multipillar systems benefit from revenue and managerial diversification, including international diversification.) This paper -- a product of the Poverty and Human Resources Division, Policy Research Department -- is part of a larger effort in the department to study the economic impact of population aging and old age systems.
Author: Australian Public Affairs Information Service
Publisher: National Library Australia
ISBN:
Category :
Languages : en
Pages : 1030
Get Book Here
Book Description
Author: Igor O. Logvinenko
Publisher: Cornell University Press
ISBN: 1501759612
Category : Political Science
Languages : en
Pages : 156
Get Book Here
Book Description
Exploring Russia's reentry into global capital markets at the dawn of the twenty-first century, Global Finance, Local Control shows how economic integration became deeply entangled with a bare-knuckled struggle for control over the vestiges of the Soviet empire. Igor Logvinenko reveals how the post-communist Russian economy became a full-fledged participant in the international financial sector without significantly improving the local rule of law. By the end of Vladimir Putin's second presidential term, Russia was more integrated into the global financial system than at any point in the past. However, the country's longstanding deficiencies—including widespread corruption, administration of justice, and an increasingly overbearing state—continued unabated. Scrutinizing stock-market restrictions on foreign ownership during the first fifteen years of Russia's economic transition, Logvinenko concludes that financial internationalization allowed local elites to raise capital from foreign investors while maintaining control over local assets. They legitimized their wealth using Western institutions, but they did so on their terms. Global Finance, Local Control delivers a somber lesson about the integration of emerging markets: without strong domestic rule-of-law protections, financial internationalization entrenches oligarchic capitalism and strengthens authoritarian regimes.
Author: United States. Internal Revenue Service
Publisher:
ISBN:
Category : Charitable uses, trusts, and foundations
Languages : en
Pages : 1146
Get Book Here
Book Description
