Finance & Development, September 2005

Finance & Development, September 2005 PDF Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1451953984
Category : Business & Economics
Languages : en
Pages : 60

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Book Description
This paper explores why increased aid flows require economic policymakers to confront some specific issues. Ensuring that increased aid promotes growth and reduces poverty is certainly the most important task. Empirical studies offer only mild support for aid-boosting growth. However, one study suggests that once one excludes the aid flows aimed at political and humanitarian goals, a positive net effect is observed for the remaining aid focused on economic objectives. This paper also outlines the roles to be played by development partners for making the aid being properly utilized for boosting growth.

Finance & Development, September 2005

Finance & Development, September 2005 PDF Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1451953984
Category : Business & Economics
Languages : en
Pages : 60

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Book Description
This paper explores why increased aid flows require economic policymakers to confront some specific issues. Ensuring that increased aid promotes growth and reduces poverty is certainly the most important task. Empirical studies offer only mild support for aid-boosting growth. However, one study suggests that once one excludes the aid flows aimed at political and humanitarian goals, a positive net effect is observed for the remaining aid focused on economic objectives. This paper also outlines the roles to be played by development partners for making the aid being properly utilized for boosting growth.

Dead Aid

Dead Aid PDF Author: Dambisa Moyo
Publisher: Macmillan
ISBN: 0374139563
Category : Business & Economics
Languages : en
Pages : 209

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Book Description
Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world's poorest countries.

The World's Banker

The World's Banker PDF Author: Sebastian Mallaby
Publisher: Penguin
ISBN: 0143036793
Category : Biography & Autobiography
Languages : en
Pages : 498

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Book Description
Never has the World Bank's relief work been more important than in the last nine years, when crises as huge as AIDS and the emergence of terrorist sanctuaries have threatened the prosperity of billions. This journalistic masterpiece by Washington Post columnist Sebastian Mallaby charts those controversial years at the Bank under the leadership of James Wolfensohn—the unstoppable power broker whose daring efforts to enlarge the planet's wealth in an age of globalization and terror were matched only by the force of his polarizing personality. Based on unprecedented access to its subject, this captivating tour through the messy reality of global development is that rare triumph—an emblematic story through which a gifted author has channeled the spirit of the age. This edition features a new afterword by the author that analyzes the appointment of Paul Wolfowitz as Wolfensohn's successor at the World bank

Economic Development Finance

Economic Development Finance PDF Author: Karl F Seidman
Publisher: SAGE
ISBN: 9780761927099
Category : Business & Economics
Languages : en
Pages : 528

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Book Description
"Economic Development Finance provides a foundation for students and professionals in the technical aspects of business and real estate finance and surveys the full range of policies, program models, and financing tools used in economic development practice within the United States."--Jacket.

Financing Development

Financing Development PDF Author: Michele Fratianni
Publisher: Routledge
ISBN: 1317135105
Category : Political Science
Languages : en
Pages : 344

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Book Description
The critical challenge of financing development and sustainability is a key focus for the world's international financial institutions, led by the International Monetary Fund, the World Bank, and, above all, the G8. This volume assesses the current practice and perspectives of the major developed world countries that dominate the boards of the IMF and the World Bank and comprise the G8. It looks at the prospects for meeting the Millennium Development Goals in the most impoverished region of Africa, the way trade and finance instruments can help, and how the challenges of energy security and climate change control will affect the results. This volume offers in-depth analysis of: * how the Millennium Development Goals are to be met * North-to-South resource transfers * the challenges of controlling climate control beyond Kyoto In sum, this volume provides a critical and creative examination of what the G8 governments, especially at and after the 2005 Gleneagles summit, have done and what they should do to promote development and sustainability.

Financial Development, Integration and Stability

Financial Development, Integration and Stability PDF Author: Klaus Liebscher
Publisher: Edward Elgar Publishing
ISBN: 1847203035
Category : Political Science
Languages : en
Pages : 570

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Book Description
Financial industries in central, eastern and south-eastern Europe have undergone dramatic changes over the past decade. Foreign direct investment contributed to the development of market-oriented banking and financial systems able to support the rapid pace of economic growth in these countries. Policymakers, academics and private sector analysts have contributed to this volume with their stimulating insights on a broad range of issues, from recent credit booms to the cross-border integration of banking and capital markets. Anyone who wants to understand how finance, growth and financial stability interact in transition economies should read this book. Mario Draghi, Governor of the Banca d Italia and Chairman of the Financial Stability Forum This book highlights the achievements and challenges of the ongoing process of financial integration in Europe. The financial integration of Europe is both welcomed as an economic driving force and watched with concern as a source of potential stability. After all, changing financial, regulatory and corporate ownership structures are fuelling competition, capital mobility and financial intermediation, but at the same time creating new systemic risks. With a special focus on Central, Eastern and South-Eastern Europe, the contributors to this book explore a wide spectrum of underlying issues, including the finance-growth nexus, credit boom patterns, the implications of foreign bank entry modes, lessons learned from old EU member states and commercial bank strategies. Authoritative views from central bank officials and policymakers are complemented with a special focus on empirical and econometric evidence from academia as well as practical insights from key financial market players. This unique collection will be of great interest to economists and experts in the fields of financial markets and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes.

Stock market development under globalization: whither the gains from reforms?

Stock market development under globalization: whither the gains from reforms? PDF Author: Augusto de la Torre, Sergio L. Schmukler, Juan Carlos Gozzi
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 38

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Book Description
Abstract: Over the past decades, many countries have implemented significant reforms to foster domestic capital market development. These reforms included stock market liberalization, privatization programs, and the establishment of regulatory and supervisory frameworks. Despite the intense reform efforts, the performance of capital markets in several countries has been disappointing. To study whether reforms have had the intended effects on capital markets, the authors analyze the impact of six capital market reforms on domestic stock market development and internationalization using event studies. They find that reforms tend to be followed by significant increases in domestic market capitalization, trading, and capital raising. Reforms are also followed by an increase in the share of activity in international equity markets, with potential negative spillover effects on domestic markets.

World Economic Outlook, April 2012

World Economic Outlook, April 2012 PDF Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1475507038
Category : Business & Economics
Languages : en
Pages : 299

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Book Description
The April 2012 issue of the World Economic Outlook assesses the prospects for the global economy, which has gradually strengthened after a major setback during 2011. The threat of a sharp global slowdown eased with improved activity in the United States and better policies in the euro area. Weak recovery will likely resume in the major advanced economies, and activity will remain relatively solid in most emerging and developing economies. However, recent improvements are very fragile. Policymakers must calibrate policies to support growth in the near term and must implement fundamental changes to achieve healthy growth in the medium term. Chapter 3 examines how policies directed at real estate markets can accelerate the improvement of household balance sheets and thus support otherwise anemic consumption. Chapter 4 examines how swings in commodity prices affect commodity-exporting economies, many of which have experienced a decade of good growth. With commodity prices unlikely to continue growing at the recent elevated pace, however, these economies may have to adapt their fiscal and other policies to lower potential output growth in the future.

World Economic Outlook, April 2010

World Economic Outlook, April 2010 PDF Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1589069153
Category : Business & Economics
Languages : en
Pages : 216

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Book Description
The global economic recovery is progressing better than expected, but the speed of recovery varies, as outlined in the April 2010 World Economic Outlook. Some countries, notably in Asia, are off to a strong start, but growth in others is constrained by lasting damage to the financial sector and to household balance sheets. The challenge for policymakers is to ensure a smooth transition of demand, while maintaining supports that promote growth and employment. There is also a need to contain and reduce public debt and repair and reform the financial sector. This issue of the WEO also explores two other key challenges in the wake of the Great Recession: how to spur job creation in the face of likely high and persistent unemployment in advanced economies, and how countries that previously ran large current account surpluses or deficits can promote growth by rebalancing external and domestic demand.

World Economic Outlook, April 2009

World Economic Outlook, April 2009 PDF Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1589068068
Category : Business & Economics
Languages : en
Pages : 252

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Book Description
This edition of the World Economic Outlook explores how a dramatic escalation of the financial crisis in September 2008 provoked an unprecedented contraction of activity and trade, despite active policy responses. It presents economic projections for 2009 and 2010, and also looks beyond the current crisis, considering factors that will shape the landscape of the global economy over the medium term, as businesses and households seek to repair the damage. The analysis also outlines the difficult policy challenges presented by the overwhelming imperative to take all steps necessary to restore financial stability and revive the global economy, and the longer-run need for national actions to be mutually supporting. The first of two analytical chapters, "What Kind of Economic Recovery?" explores the shape of the eventual recovery. The second, "The Transmission of Financial Stress from Advanced to Emerging and Developing Economies," focuses on the role of external financial linkages and financial stress in transmitting economic shocks.