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Loans, Foreign
Research Brief
Debt: IMF financing versus debt-restructuring

​In the twentieth and early twenty-first centuries, debt crises have plagued low-, middle-, and high-income countries at various times...

Debts, Public Economic growth Financial institutions, International
Working Paper
International Aid to Southern Europe in the Early Post-War Period: the Cases of Greece and Italy

After the Second World War, both Greece and Italy experienced a Left-Right political polarization and a reproduction of earlier patterns of political patronage...

Economic assistance and foreign aid Economic development Economic growth
Blog
What Did You Do in the Currency Wars? (Part II)

Tony Addison The present currency turmoil is both a product and a cause of profound changes now underway in the global economy. Part 1 of this two-part article, which appeared in the October Angle, focused on Latin America and Europe...

Economic growth Foreign exchange Interest rate
Blog
What Did You Do in the Currency Wars? (Part I)

Tony Addison The present currency turmoil is both a symptom and a cause of profound changes now underway in the global economy. In part 1 of this two-part article, we focus on Latin America and Europe...

Depressions Structural adjustment (Economic policy) Foreign exchange
Book Chapter
Reconstructing the Aid Effectiveness Debate

From the book: Foreign Aid for Development

Debts, Public Economic assistance and foreign aid Economic development
Working Paper
The Financial Crisis of 2008 and the Developing Countries

Following the financial crisis that broke in the US and other Western economies in late 2008, there is now serious concern about its impact on the developing countries...

Economic assistance and foreign aid Economic development Financial crisis
Book Chapter
Excess Credit and the South Korean Crisis

From the book: Domestic Resource Mobilization and Financial Development

Budget deficits Credit Financial crisis
Book Chapter
Debt Relief: The Development and Poverty Impact

From the book: Development Finance in the Global Economy

Debts, Public Economic assistance and foreign aid Fiscal policy
Journal Article
Loans or Grants?

Part of Journal Special Issue Foreign Aid Heterogeneity

Economic assistance and foreign aid International finance Loans, Foreign
Journal Special Issue
Foreign Aid Heterogeneity

The present paper serves as an introduction to this special issue providing a justification for, and linking and introducing to the articles that follow...

Economic assistance and foreign aid Economic development projects Government spending policy
Working Paper
Loans or Grants?

We argue in this paper that cancelling the debt of the poorest countries was a good thing, but that it should not imply that the debt instrument should be foregone...

Economic assistance and foreign aid International finance Loans, Foreign
Book Chapter
Prolonged Use and Conditionality Failure: Investigating the IMF Responsibility

From the book: Advancing Development

Economic development Economic policy History (Financial institutions)
Blog
Africa’s Debt: The World Turns Brighter

by Tony Addison This year is set to see a new chapter open in Africa’s debt story and, for once, it looks like a positive story—as the region begins to access the international capital market in ways that could fund development and povert...

Debt relief Debts, Public Economic development
Working Paper
Making Fiscal Space Happen!: Managing Fiscal Policy in a World of Scaled-Up Aid

Debt relief and the scaling up of aid to low-income countries should allow for greater fiscal space for expenditure programmes to create long-term growth and lower poverty rates...

Economic assistance and foreign aid Economic policy Fiscal policy
Working Paper
Excess Credit and the South Korean Crisis

We provide a novel empirical analysis of the South Korean credit market that reveals large volumes of excess credit since the late 1970s, indicating that a sizeable proportion of total credit was being used to refinance unprofitable projects...

Budget deficits Credit Financial crisis
Working Paper
Prolonged Use and Conditionality Failure: Investigating IMF Responsibility

Since the 1970s, prolonged use of resources by the IMF has consistently expanded, among both low- and middle-income countries. Overall, this phenomenon suggests a lack of effectiveness of Fund supported programmes...

Economic development Economic policy History (Financial institutions)
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