Discerning Good From Bad Credit Booms
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Discerning Good From Bad Credit Booms
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Author : Mr.Giovanni Dell'Ariccia
language : en
Publisher: International Monetary Fund
Release Date : 2020-02-12
Discerning Good From Bad Credit Booms written by Mr.Giovanni Dell'Ariccia and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-02-12 with Business & Economics categories.
Credit booms are a focal point for policymakers and scholars of financial crises. Yet our understanding of how the real sector behaves during booms, and why some booms may go bad, is limited. Despite a large and growing body of literature, most of the work has focused on aggregate economic activity, and relatively little is known about which industries benefit and which suffer during these episodes. This note aims to fill this gap by analyzing disaggregated output and employment data in a large sample of advanced and emerging market economies between 1970 and 2014.
Liquidity Choice And Misallocation Of Credit
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Author : Mr.Ehsan Ebrahimy
language : en
Publisher: International Monetary Fund
Release Date : 2019-12-20
Liquidity Choice And Misallocation Of Credit written by Mr.Ehsan Ebrahimy and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-20 with Business & Economics categories.
This paper studies a novel type of misallocation of credit between investments of varying liquidity. One type of investment is more liquid, i.e., its return is more pledgeable, and the other is more productive. Low liquidities of both investment types imply that the allocation of credit is constrained inefficient and that there is overinvestment in the liquid type. Constrained inefficient equilibria feature non-positive, i.e., one less than or equal the economy’s growth rate, and yet too high interest rate, too much investment and too little consumption. Financial development can reduce long-term welfare and output in a constrained inefficient equilibrium if it raises the liquidity of the liquid type. I show a maximum liquid asset ratio or a simple debt tax can achieve constrained efficiency. Introducing government bonds can make Pareto improvement whenever it does not raise the interest rate.
Toward Safer And More Productive Migration For South Asia
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Author : S. Amer Ahmed
language : en
Publisher: World Bank Publications
Release Date : 2022-06-10
Toward Safer And More Productive Migration For South Asia written by S. Amer Ahmed and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-10 with Business & Economics categories.
International migration for temporary employment is key to South Asia’s development path, in terms of both jobs and remittance flows. Overseas markets are a critical source of employment for South Asian economies that may not be able to absorb workers sufficiently or quickly enough into the domestic labor market. Migrant workers typically experience wage gains of at least three times their earnings back home, in addition to acquiring new skills and accumulating savings that can be used to start up entrepreneurial activities upon returning home. Remittances sent by migrants while abroad also boost household consumption and support macroeconomic stability in countries of origin. However, multiple challenges exist that prevent migration from achieving its full development potential. These challenges include high monetary costs, information gaps on employment opportunities in destination countries, a lack of protection while abroad, and high concentrations of migrants in few sectors and destinations. These often prevent the poorest from migrating overseas and may place those who actually migrate in situations of considerable vulnerability. Building on rigorous analytics, this book highlights policy actions that can be taken at all stages of the migration life cycle, including after return, to minimize the risks and maximize the benefits of migration for migrants themselves, their families, and the home economy. The book provides policy options to address information gaps on employment opportunities overseas at the departure stage, to prepare migrants adequately for their experience overseas, to diversify destinations and occupations abroad, and to maximize the benefits of return migration.
Economic Scarring Channels And Policy Implications
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Author : Mrs. Nujin Suphaphiphat
language : en
Publisher: International Monetary Fund
Release Date : 2022-12-09
Economic Scarring Channels And Policy Implications written by Mrs. Nujin Suphaphiphat and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-12-09 with Business & Economics categories.
This paper documents the existence of medium-to-long term output losses following large crises using panel data that cover 192 countries from 1970 to 2015 and shows that the magnitudes of economic scarring depend on the nature of the shock, economic activity, and pre-crisis conditions. It also provides a thorough review of potential channels that can lead to scarring and presents novel empirical evidence on the significance of supply-side channels using cross-country sectoral-level data. Finally, the paper discusses policy implications based on the empirical findings.
What Shapes Current Account Adjustment During Recessions
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Author : Ms. Christina Kolerus
language : en
Publisher: International Monetary Fund
Release Date : 2021-07-30
What Shapes Current Account Adjustment During Recessions written by Ms. Christina Kolerus and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-30 with Business & Economics categories.
This paper studies the dynamics of external accounts during 278 economic recession events in the past 60 years and sheds light on key factors that shape these patterns. Economic recessions trigger highly-persistent increases in the current account, driven by an initial, sharp decline in investment and fueled by medium term deleveraging, more so in advanced economies than in emerging markets. The strengthening of the current account is more pronounced when internal and external imbalances are present, and less when recessions are synchronized across countries. During severe natural disasters or epidemics, however, current accounts tend to weaken in the short term. Consistent with these findings, the COVID-19 shock, with comparatively moderate pre-existing imbalances yet high synchronization, had a muted effect on current account balances. The compositional changes, however, were unique and driven by unprecedented policy intervention, with record public dissaving more than offsetting exceptional private saving.
External Sector Report 2021
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Author : INTERNATIONAL MONETARY FUND.
language : en
Publisher: International Monetary Fund
Release Date : 2021-08-02
External Sector Report 2021 written by INTERNATIONAL MONETARY FUND. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-08-02 with Business & Economics categories.
Produced since 2012, the IMF’s annual External Sector Report analyzes global external developments and provides multilaterally consistent assessments of external positions, including current accounts, real exchange rates, external balance sheets, capital flows, and international reserves, of the world’s largest economies, representing over 90 percent of global GDP. Chapter 1 discusses the evolution of global external positions in 2020, external developments throughout the COVID-19 crisis, and policy priorities for reducing excess imbalances over the medium term. Chapter 2 analyzes how the unprecedented fiscal support provided in response to the COVID-19 crisis has affected external positions at the individual and global level. It also focuses on how withdrawal of such support will impact external positions in the medium term. Chapter 3, “Individual Economy Assessments,” provides details on the different aspects of the overall external assessment and associated policy recommendations for 30 economies. This year’s report and associated external assessments are based on the latest vintage of the External Balance Assessment (EBA) methodology and on data and IMF staff projections as of June 30, 2021.
Sosyal Bilimler Alan Nda Teori Uygulama Tarihsel Ve G Ncel Tart Malar
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Author : Onur POLAT
language : tr
Publisher: Efe Akademi Yayınları
Release Date : 2022-03-14
Sosyal Bilimler Alan Nda Teori Uygulama Tarihsel Ve G Ncel Tart Malar written by Onur POLAT and has been published by Efe Akademi Yayınları this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-03-14 with Biography & Autobiography categories.
The Long Depression
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Author : Michael Roberts
language : en
Publisher: Haymarket Books
Release Date : 2016-09-01
The Long Depression written by Michael Roberts and has been published by Haymarket Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-01 with Business & Economics categories.
Setting out from an unapologetic Marxist perspective, The Long Depression argues that the global economy remains in the throes of a depression. Making the case that the profitability of capital is too low, and the debt built up before the Great Recession too high, leading radical economist Michael Roberts persuasively presents his case that this depression will persist until the profitability of capital is restored through yet another slump.
English Books And Readers 1603 1640
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Author : H. S. Bennett
language : en
Publisher: Cambridge University Press
Release Date : 1989
English Books And Readers 1603 1640 written by H. S. Bennett and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Business & Economics categories.
This third volume of English Books and Readers, first published in 1970, carries the story of the English book trade down to the eve of the Civil War. The author gives an account of the total output of books and pamphlets in the period, irrespective of their qualities as literature.
Best Of Jane Austen Set Of 6 Books Persuasion Pride And Prejudice Sense And Sensibility Emma Mansfield Park Love And Friendship
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Author : Jane Austen
language : en
Publisher: Prabhat Prakashan
Release Date :
Best Of Jane Austen Set Of 6 Books Persuasion Pride And Prejudice Sense And Sensibility Emma Mansfield Park Love And Friendship written by Jane Austen and has been published by Prabhat Prakashan this book supported file pdf, txt, epub, kindle and other format this book has been release on with Antiques & Collectibles categories.
Best of Jane Austen: Collection of Jane Austen. This Combo Collection (Set of 6 Books) includes All-time Bestseller Books. This anthology contains: Persuasion Pride and Prejudice Sense and Sensibility Emma MANSFIELD PARK Love and Friendship