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Publications (20)
Blog
Discrimination against women and girls is a pervasive and long-running phenomenon that characterises Indian society at every level. India’s progress towards gender equality, measured by its position on rankings such as the Gender Development Index has been disappointing, despite fairly rapid rates...
Blog
Helsinki: symbol of peace in Aceh On the 15 August 2005, a government banquet hall in Helsinki became the centre point for international media. It was a day when the peace settlement between the Indonesian government and Aceh Independence Movement (Gereka Aceh Merdeka, GAM) known as the Helsinki...
Public sector schools operate within the broader context of political systems and the management of school systems can be influenced by political factors. Yet, there is a lack of quantitative or causal evidence on how political factors shape education systems and outcomes in developing countries...
Blog
When elephants fight, the grass suffers. According to an African proverb, when elephants fight, the grass suffers. In other words, when the big and powerful fight, it is the small who suffer. At UNU-WIDER’s recent conference, Responding to Crises, the focus of the debate was primarily on the grass —...
Rising powers have had a profound impact on the WTO. For over half a century the trading system was dominated by the US and other advanced industrialized states, with developing countries and their interests severely marginalized. However, over the course of the Doha Round of trade negotiations...
– Seeking Stability for Emerging Economies
This collection analyses the new trends in capital flows to emerging markets since the Asian crisis, their determinants and policy implications. It explains why such flows have declined so dramatically in recent years, emphasising both structural and cyclical factors. Senior bankers, regulators and...
Working Paper
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The paper studies the trend towards the use of securities as a vehicle to transfer capital to developing economies, and how it is linked to the increasing use of derivatives transactions in developing countries. It also provides a descriptive analysis of how each type of capital vehicle is...
Working Paper
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This paper explores the complementary use of two instruments to manage capital-account volatility in developing countries: capital-account regulations and counter-cyclical prudential regulation of domestic financial intermediaries. Capital-account regulations can provide useful instruments in terms...
Working Paper
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– An Overview
In this overview we try to explain, first, why funds continued to flow towards emerging economies while fundamentals in host countries had been deteriorating before the Asian crisis (rising external deficit, with a significant liquid component appreciating exchange rates; low capital formation...
Working Paper
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This paper addresses the nature of the demand schedule for emerging market assets in both its macroeconomic and microeconomic dimensions. The former is usually analysed in terms of the ‘push factors’ (such as interest rates or contagion) determining international capital flows; while the latter is...
Working Paper
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– Crossing the Border
This paper has two aims. The first is to provide some explanation for the extraordinary collapse in cross-border bank lending to developing countries which has taken place since 1997. The second is to argue that it might be too simplistic to characterize banks’ behaviour in the past few years as a...
Working Paper
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– The Experience of Latin America since the Tequila Crisis
The paper deals with changes in the regulation and supervision of the Latin American financial sector in the aftermath of the ‘Tequila Crisis’ of 1994–95. While it finds that both have improved, regulation and supervision cannot resolve all problems; good macroeconomic policy and performance are...
Working Paper
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– Water Flowing Uphill?
International bank lending is a major component of capital flows between advanced and emerging economies. However, in recent years these flows have been going the wrong way, like water flowing uphill. Even four years after the Asian crisis, there is a net flow of funds from emerging economies to...
Working Paper
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– A Review of the Literature, Empirical Evidence and some Policy Proposals
For many emerging market economies, over reliance on monetary policy may bring worse macro results, when compared to a more balanced framework of countercyclical fiscal and monetary policy. The use of countercyclical fiscal policy requires as a precondition solvent and sustainable fiscal accounts...
Working Paper
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– Issues, Implications and Policy Proposals
This paper argues that, if implemented in its current form, the new Basel Capital Accord will adversely effect developing sovereigns, corporates and banks wishing to borrow in international markets. This impact will result from the major banks’ lending patterns being altered by the adoption of...
Working Paper
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– And Why Modern Financial Regulation in Developed Countries is making Short-Term Capital Flows to Developing Countries Even More Volatile
Modern financial regulation has been about the spread of market-sensitive risk-management systems for banks, the spill-over of this approach to other financial institutions and the retreat of regulatory ambition. There is evidence that these trends are leading to a more fragile financial system...
Displaying 16 of 20 results