External Finance, Growth and Adjustment
Author | : Luis Carlos Jemio M. |
Publisher | : |
Total Pages | : 82 |
Release | : 1993 |
Genre | : Balance of payments |
ISBN | : |
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Author | : Luis Carlos Jemio M. |
Publisher | : |
Total Pages | : 82 |
Release | : 1993 |
Genre | : Balance of payments |
ISBN | : |
Author | : Karel Jansen |
Publisher | : Springer |
Total Pages | : 501 |
Release | : 1997-12-13 |
Genre | : Business & Economics |
ISBN | : 1349259055 |
This book studies the impact of different sources of external finance on growth and development in different country contexts. An important finding of the study is that 'success' or 'failure' in the productive use of external and domestic financial resources cannot be explained on the basis of single factors such as external shocks or 'bad' versus 'sound' policies. Rather, they are outcomes of complex interactions between changes in exogenous factors (such as fluctuations in external finance and trade shocks), existing economic structures and the responses to shocks by domestic public and private sector agents. This finding also implies that there are no recipes in economic policy-making which are generally applicable; the 'best' policy has to be designed specifically for each country.
Author | : Karel Jansen |
Publisher | : Springer |
Total Pages | : 317 |
Release | : 2016-07-27 |
Genre | : Business & Economics |
ISBN | : 1349258466 |
Between 1987 and 1990 Thailand experienced double-digit growth, fed by high capital inflows. This made Thailand one of the first developing countries to recover from the recession of the 1980s. Since 1990 growth and capital inflows have continued at a high level. The book makes a detailed study of the macroeconomic impact of capital inflows during recent years and during an earlier period when growth, and capital inflows, were high, in the late 1970s. It is shown that the results of the recent period are more sustainable than those of the earlier period, due to the differences in the nature of capital inflows, in external conditions, and in economic policies.
Author | : Maurice Obstfeld |
Publisher | : |
Total Pages | : 64 |
Release | : 2004 |
Genre | : Balance of trade |
ISBN | : |
"Gross stocks of foreign assets have increased rapidly relative to national outputs since 1990, and the short-run capital gains and losses on those assets can amount to significant fractions of GDP. These fluctuations in asset values render the national income and product account measure of the current account balance increasingly inadequate as a summary of the change in a country's net foreign assets. Nonetheless, unusually large current account imbalances, especially deficits, should remain high on policymakers' list of concerns, even for the richer and less credit-constrained countries. Extreme imbalances signal the need for large and perhaps abrupt real exchange rate changes in the future, changes that might have undesired political and financial consequences given the incompleteness of domestic and international asset markets. Furthermore, of the two sources of the change in net foreign assets -- the current account and the capital gain on the net foreign asset position -- the former is better understood and more amenable to policy influence. Systematic government attempts to manipulate international asset values in order to change the net foreign asset position could have a destabilizing effect on market expectations"--NBER website
Author | : James M. Boughton |
Publisher | : Oxford University Press, USA |
Total Pages | : 330 |
Release | : 2009-06-25 |
Genre | : Business & Economics |
ISBN | : 019923986X |
This book seeks to provide objective analysis of the role and effectiveness of multilaterals in general and the IMF and World Bank in particular. The IMF is a multilateral financial institution with a mandate to promote financial and macroeconomic stability, cooperative economic policies, and a balanced growth of international trade. More than two fifths of its 185 members are low-income countries and many others have substantial pockets of poverty in their populations. Since economic development and the reduction of poverty are the most important economic challenges that these countries face, how can the IMF best help them? How can the imperative of macroeconomic and financial stability be reconciled with the requirements for sustained economic growth? This volume brings together the research of leading economists, political scientists, and historians to suggest ways for the IMF to address these issues effectively.
Author | : |
Publisher | : World Bank Publications |
Total Pages | : 204 |
Release | : 1981 |
Genre | : Adaptation (Biology) |
ISBN | : 0195029984 |
This is the fourth in the World Bank's annual series assessing key development issues. Adjustment, global and national, to promote sustainable growth in the changing world economy is the main theme of this report. Recession and inflation in the industrial countries, together with the rise in oil prices, have been the main forces at work in the world economy in the 1970s. The report examines their effect on developing countries to see how adjustment has been managed and what lessons may be learned for the 1980s. Adjustment occurs through international trade and capital flows and through changes in national production and consumption patterns. The earlier chapters of the report present global and regional projections for the 1980s and consider international aspects of adjustment in trade, energy and finance. It then turns to adjustment problems of different groups of developing countries and a consideration of the prospects for human development. The report also includes the 1981 World Development Indicators, a set of 25 tables of economic and social indicators for 124 countries.
Author | : Giovanni Andrea Cornia |
Publisher | : Springer |
Total Pages | : 436 |
Release | : 1994-09-22 |
Genre | : Social Science |
ISBN | : 1349235962 |
This book considers the principal sources of agreement and disagreement among policymakers and analysts concerning the current economic problems of Sub-Saharan Africa. A distinguished collection of international and African authors, including economists from the IMF and the World Bank, as well as their critics, addresses the key policy issues in agriculture, trade, macroeconomic management, social issues, privatization, external capital flow, and political economy. An introductory interpretive essay searches for areas of consensus and identifies those of continuing controversy.
Author | : International Monetary Fund. Middle East and Central Asia Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 60 |
Release | : 2014-03-06 |
Genre | : Business & Economics |
ISBN | : 1484327993 |
This paper discusses Morocco’s 2013 Article IV Consultation on economic developments and policies. The IMF report highlights that despite unfavorable external and domestic environment Morocco’s economic performance has improved during 2013. The Morocco’s economy remains vulnerable to international conditions and a difficult regional environment. It focuses on the importance of giving more flexibility in the exchange rate regime that intends to support competitiveness, enhance the capacity of the economy to absorb shocks, and support the authorities’ strategy for diversifying external flows away from Europe.
Author | : Ajay Chhibber |
Publisher | : World Bank Publications |
Total Pages | : 73 |
Release | : 1988 |
Genre | : Ajuste economico |
ISBN | : |