Emancipating The Banking System And Developing Markets For Government Debt


Emancipating The Banking System And Developing Markets For Government Debt
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Emancipating The Banking System And Developing Markets For Government Debt


Emancipating The Banking System And Developing Markets For Government Debt
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Author : Maxwell J. Fry
language : en
Publisher: Psychology Press
Release Date : 1997

Emancipating The Banking System And Developing Markets For Government Debt written by Maxwell J. Fry and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.


First Published in 1997. Routledge is an imprint of Taylor & Francis, an informa company.



The Growth In Government Domestic Debt Changing Burdens And Risks


The Growth In Government Domestic Debt Changing Burdens And Risks
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Author : James A. Hanson
language : en
Publisher: World Bank Publications
Release Date : 2007

The Growth In Government Domestic Debt Changing Burdens And Risks written by James A. Hanson 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 2007 with Bank debt categories.


Abstract: This paper analyzes the recent growth of government domestic debt, including central bank debt, using a new data base on government domestic debt in developing countries with large, open financial systems. On average, government domestic debt grew much faster than GDP between 1994 and 2004 and became larger than foreign debt. The rapid growth of domestic debt reflects financial crises, the growth of central bank debt and the greater attractiveness to governments of issuing domestic debt as well as the recent increase in demands for it. Both its attractiveness and the increased demands for it reflect the current benign international environment to some degree. The main risk of government debt, domestic or foreign, remains its overall size relative to a country's fiscal, financial, and political institutions. While government domestic debt can help the domestic private capital market, large domestic debt, like large external debt, has risks. For example, there can be "sudden stops" in the demand for domestic debt as well as in foreign lending. Governments need to be aware of the risks and burdens in domestic debt issue-crowding out small borrowers, transferring risks to banks when issuing longer maturity, fixed-interest domestic debt and reducing returns, and imposing risks on holders of pensions, annuities, and life insurance policies. Growth of central bank debt can divert central banks from pursuit of the objective of price stability.



Financial Systems And Economic Policy In Developing Countries


Financial Systems And Economic Policy In Developing Countries
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Author : Stephan Haggard
language : en
Publisher:
Release Date : 1995

Financial Systems And Economic Policy In Developing Countries written by Stephan Haggard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Asia categories.


Focuses on the economic determinants and effects of credit allocation policies, examining financial policy and its influence on economic performance, especially through its effect on credit allocation. Covers the period from 1960 to 1990.



Developing Government Bond Markets A Handbook


Developing Government Bond Markets A Handbook
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Author :
language : en
Publisher: World Bank Publications
Release Date : 2001-09-21

Developing Government Bond Markets A Handbook written by 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 2001-09-21 with Business & Economics categories.


This handbook is a comprehensive and authoritative reference for both senior policymakers—those responsible for the development of government bond markets in their own countries—and all individuals responsible for guiding the market development process at the operational level—those who have a substantial need to understand the policy issues involved.



Imf Staff Papers Volume 57 No 1


Imf Staff Papers Volume 57 No 1
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Author : International Monetary Fund. Research Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2010-03-26

Imf Staff Papers Volume 57 No 1 written by International Monetary Fund. Research Dept. 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 2010-03-26 with Business & Economics categories.


Do highly indebted countries suffer from a debt overhang? Can debt relief foster their growth rates? To answer these important questions, this article looks at how the debt-growth relation varies with indebtedness levels, as well as with the quality of policies and institutions, in a panel of developing countries. The main findings are that, in countries with good policies and institutions, there is evidence of debt overhang when the net present value of debt rises above 20–25 percent of GDP; however, debt becomes irrelevant above 70–80 percent. In countries with bad policies and institutions, thresholds appear to be lower, but the evidence of debt overhang is weaker and we cannot rule out that debt is always irrelevant. Indeed, in such countries, as well as in countries with high indebtedness levels, investment does not depend on debt levels. The analysis suggests that not all countries are likely to profit from debt relief, and thus that a one-size-fits-all debt relief approach might not be the most appropriate one.



The Determinants Of Economic Growth


The Determinants Of Economic Growth
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Author : Maaike S. Oosterbaan
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

The Determinants Of Economic Growth written by Maaike S. Oosterbaan and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.


Determinants of economic growth: An overview Thijs de Ruyter van Steveninck, Nico van der Windt, and Maaike Oosterbaan Netherlands Economic Institute What causes economic growth? Why have some countries grown much faster than others? Why do some countries not grow at all, or even experience negative (per capita) growth rates? What can governments do to raise the growth rates of their country? These questions were discussed at a conference on March 23 and 24, 1998, organized by the Netherlands Economic Institute (NEI) on behalf of the Netherlands Ministry of Foreign Affairs. This book contains the proceedings of the conference. Economic growth is widely considered as a necessary (though not sufficient) condition for poverty alleviation. During the past two decades, scholars and researchers have found a renewed interest in thinking about economic growth, and advances in the understanding of economic growth have taken place. On the one hand, the theoretical understanding of growth has progressed on various fronts, including endogenous technological innovation and increasing returns to scale; the interaction of population, fertility, human capital, and growth; international spill-overs in technology and capital accumulation; and the role of institutions. On the other hand, the increasing availability and use of data sets has given a large incentive to empirical research on cross-country growth, following the path-breaking work ofBarro (1991).



Central Banking Monetary Policies And The Implications For Transition Economies


Central Banking Monetary Policies And The Implications For Transition Economies
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Author : Mario I. Blejer
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

Central Banking Monetary Policies And The Implications For Transition Economies written by Mario I. Blejer and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.


the adaptation of the institutional settings of monetary policy to deal with an emerging market economy had to be carried out in the midst of an unprecedented stabilization effort and, therefore, was particularly urgent and complicated. In many of the transition countries, the transformation effort implied not just changes in procedures but the establishment of a central bank from scratch, a process that involved an important effort, precisely at a time when the whole system was in serious turmoil. While the process of reforms is not yet completed in all the transition countries, an immense amount of progress has been achieved, and many of the transition countries face today monetary and central banking conditions that are close to those of Western economies. In this volume, we collect a number of important contributions that discuss the most burning aspects of the current debates on central banking and monetary policy and draw implications for the postsocialist transition economies. The various papers included in the volume deal with a broad set of related issues, which are highly relevant not just for transition economies but for other emerging markets and for advanced economies as well. The subjects covered in the book are divided into seven major categories (Sections II to VIII), some of which overlap.



Financial Regulation


Financial Regulation
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Author : Charles Goodhart
language : en
Publisher: Routledge
Release Date : 2013-04-15

Financial Regulation written by Charles Goodhart and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-15 with Business & Economics categories.


Financial Regulation presents an important restatement of the purposes and objectives of financial regulation. The authors provide details and data on the scale, nature and costs of regulatory problems around the world, and look at what sort of countries and sectors require special attention and policies. Key topics covered include: * the need to recast the form of regulation * incentive structures for financial regulation * proportionality * new techniques for risk management * regulation in emerging countries * crisis management * prospects for financial regulation in the future.



The Transformation Of Islamic Law In Global Financial Markets


The Transformation Of Islamic Law In Global Financial Markets
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Author : Jonathan Ercanbrack
language : en
Publisher: Cambridge University Press
Release Date : 2015

The Transformation Of Islamic Law In Global Financial Markets written by Jonathan Ercanbrack 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 2015 with Business & Economics categories.


This contextual analysis of Islamic financial law challenges our understanding of both Islamic law and global financial markets.



Growth And Poverty Reduction In Armenia


Growth And Poverty Reduction In Armenia
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Author : Ms.Laure Redifer
language : en
Publisher: International Monetary Fund
Release Date : 2005-11-09

Growth And Poverty Reduction In Armenia written by Ms.Laure Redifer 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 2005-11-09 with Business & Economics categories.


Since 2000, Armenia's economic performance has been remarkable. Real economic growth has averaged 11 percent a year, annual inflation has averaged 3 percent, and poverty and inequality have fallen. The country has outperformed other low-income countries including other members of the Commonwealth of Independent States. This is particularly impressive given the geographical location of Armenia, the closure of two critical borders, and occasional political turmoil. The key factors behind Armenia's economic performance are prudent monetary and fiscal policies, liberal trade and foreign exchange regimes, rapid and relaively well-sequenced structural reforms, and support from the Armenian diaspora. In addition, the implementation of a poverty reduction strategy since 2002 has complemented the effect of economic growth on reducing poverty. This book assesses the country's economic transformation during the last 10 years and discusses the challenges to sustaining these successes.