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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...
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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...
Working Paper
Output and Price Fluctuations in China's Reform YearsThe Chinese economy underwent cyclical fluctuations in growth and inflation in the reform period. Contrasting views exist on the role of money in such fluctuations. This paper assesses these views employing structural VEC models based on the exchange...
Working Paper
Testing for a Significant Change in the Egyptian Economy Under the Economic Reform Programme EraLate 1990, Egypt witnessed major and radical changes in all areas of its national life—political, legal, economic and social—as a reflection of implementing an economic reform programme in order to achieve progress in its economic indicators. This...
Working Paper
Debt-financed fiscal stimulus in South AfricaDebt-financed fiscal stimulus programmes directly stimulate aggregate demand through government expenditure or tax cuts, but their effectiveness is highly dependent on direct crowding out of private sector expenditure, spillover effects to the...
Working Paper
Housing and Personal Wealth in a Global ContextHousing is the single most important component of personal wealth in most countries. The special characteristics of housing markets are therefore key to understanding personal portfolios, saving, the household distribution of wealth, and the monetary...
Journal Article
The Behavior of Interest Rate Differentials under Shifting Exchange Rate RegimesPart of Journal Special Issue Symposium on Spatial Inequality in Latin America
Journal Article
El Tramo Corto de la Estructura a Plazo como Predictor de Expectativas de la Actividad Económica en ColombiaPart of Journal Special Issue Symposium on Spatial Inequality in Latin America
Working Paper
The Determinants of Loan Contracts to Business FirmsThis paper deals with loan contracting from a private bank in Vietnam. We focus on the main loan contract features that the bank uses in lending to business firms, namely loan maturity, collateral and loan interest rate. Based upon the simultaneous...
Working Paper
Sensitivity of Loan Size to Lending RatesThis paper examines the combined effect of interest rates and poverty levels of microfinance clients on loan size. Cross section data on 2,691 clients and non-clients households from Ghana is used to test the hypothesis of loan price inelasticity...
Book Chapter
Housing and Personal Wealth in a Global ContextPart of Book Personal Wealth from a Global Perspective
Book Chapter
The Determinants of Loan Contracts to Business FirmsPart of Book Domestic Resource Mobilization and Financial Development
Blog
The economic ripples of rising government debtIn recent years, governments worldwide witnessed a surge in debt levels. According to the Institute of International Finance, global debt reached a...
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