Finance & Development, June 2015

Finance & Development, June 2015

Author: International Monetary Fund. Communications Department

Publisher: International Monetary Fund

Published: 2015-06-04

Total Pages: 60

ISBN-13: 1484371224

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Finance and Development, June 2015


Global Financial Development Report 2015/2016

Global Financial Development Report 2015/2016

Author: The World Bank

Publisher: World Bank Publications

Published: 2015-08-31

Total Pages: 211

ISBN-13: 1464804710

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Global Financial Development Report 2015/2016 focuses on the ability of financial systems to sustainably extend the maturity of financial contracts for private agents. The challenges of extending the maturity structure of finance are often considered to be at the core of effective, sustainable financial development. Sustainably extending long-term finance may contribute to the objectives of higher growth and welfare, shared prosperity and stability in two ways: by reducing rollover risks for borrowers, thereby lengthening the horizon of investments; and by increasing the availability of long-term financial instruments, thereby allowing households to address their lifecycle challenges. The aim of the report is to contribute to the global policy debate on long-term finance. It builds upon findings from recent and ongoing research, lessons from operational work, as well as on inputs from financial sector professionals and researchers both within and outside the World Bank Group. Benefitting from new worldwide datasets and information on financial development, it will provide a broad and balanced review of the evidence and distill pragmatic lessons on long-term finance and related policies. This report, the third in the Global Financial Development Report series, follows the second issue on Financial Inclusion and the inaugural issue, Rethinking the Role of the State in Finance. The Global Financial Development Report 2015/2016 will be accompanied by a website worldbank.org/financialdevelopment containing extensive datasets, research papers, and other background materials as well as interactive features.


Economic Development Finance

Economic Development Finance

Author: Karl F Seidman

Publisher: SAGE

Published: 2005

Total Pages: 528

ISBN-13: 9780761927099

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"Economic Development Finance provides a foundation for students and professionals in the technical aspects of business and real estate finance and surveys the full range of policies, program models, and financing tools used in economic development practice within the United States."--Jacket.


The Rich and the Great Recession

The Rich and the Great Recession

Author: Mr.Bas B. Bakker

Publisher: International Monetary Fund

Published: 2014-12-16

Total Pages: 36

ISBN-13: 149831547X

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Most papers explaining the macro causes of the U.S. Great Recession focus on the behavior of the middle class: how its saving rate declined in the pre-crisis years, then surged following the crisis. This paper argues that the saving rate of the rich followed a similar pattern, the result of wealth effects associated with a boom-bust in asset prices. Indeed, the swings in saving by the rich must actually have played the most important role in the consumption boom-bust, since since the top 10 percent account for almost half of income and two-thirds of wealth. In other words, the rich played a critical role in the Great Recession.


Fiscal Policy and Long-Term Growth

Fiscal Policy and Long-Term Growth

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2015-04-20

Total Pages: 257

ISBN-13: 1498344658

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This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.


IMF Research Bulletin, June 2015

IMF Research Bulletin, June 2015

Author: International Monetary Fund. Research Dept.

Publisher: International Monetary Fund

Published: 2015-06-18

Total Pages: 15

ISBN-13: 151350004X

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In the June 2015 issue, the Research Summaries review "Migration: An Attractive Insurance Option in African Countries" (Ahmat Jidoud) and "Investment in Emerging Markets" (Nicolas E. Magud and Sebastian Sosa). The Q&A looks at "Seven Questions on Islamic Finance” (Inutu Lukonga). The Bulletin also includes its regular listings of recent IMF Working Papers and Staff Discussion Notes, as well as information on the "IMF Economic Review." A new IMF eLibrary discussion site on energy and climate change is highlighted, along with new recommendations from IMF Publications.


Financial Development, Economic Crises and Emerging Market Economies

Financial Development, Economic Crises and Emerging Market Economies

Author: Faruk Ulgen

Publisher: Taylor & Francis

Published: 2016-08-12

Total Pages: 259

ISBN-13: 1317301633

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Recurrent crises in emerging markets and in advanced economies in the last decades cast doubt about the ability of financial liberalization to meet the aims of sustainable economic growth and development. The increasing importance of financial markets and financial efficiency criterion over economic decisions and policies since the 1980s laid down the conditions of the development process of emerging market economies. Numerous crises experienced thereafter gave rise to flourishing work on the links between financialization and economic development. Several decades of observations and lessons can now be integrated into economic and econometric models to give more sophisticated and multivariable approaches to financial development with respect to growth and development issues. In the markets-based and private-enterprise dominated world economy, two conditions for a successful growth-enhancing financial evolution can at least be brought fore: macroeconomic stability and consistent supervision. But even after the 2007-2008 global crisis, economists do not agree on the meaning of those conditions. For liberal and equilibrium-market economists, good finance and supervision mean market-friendly structures while for institutionalists, post-Keynesian and Marxist economists, good finance and supervision must lie in collectively designed and managed public structures. Drawing heavily on the tumultuous crises of the 1990s-2000s, this book argues that those experiences can shed light on such a crucial issue and lead economic theory and policy to go beyond the blindness of efficient free markets doctrine to economic catastrophes. It also points to new challenges to global stability in the wake of reconfiguration of international financial arena under the weight of major emerging market economies.


Markets and Development

Markets and Development

Author: Toby Carroll

Publisher: Routledge

Published: 2017-10-02

Total Pages: 249

ISBN-13: 1317358511

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Markets and Development presents a series of critical contributions focused on the political relationship between citizens, civil society, and neoliberal development policy’s latest form. The dramatic increase of ‘access to finance’ investments, newly gender-sensitive approaches to building neoliberal labour markets, the universal promotion of public-private partnerships, and the ‘development financing’ of extractive industries, have all seen citizens, social movements, and NGOs variously engaged in, and against, neoliberalism like never before. The precise form that this engagement takes is conditioned by both the perceived and real opportunities, and the risks, of an agenda which seeks to intern ‘emerging’ and ‘frontier markets’ deep within a concretising world market, with transformative repercussions for both those involved and, notably, for state-society relations. The contributors to this volume focus on essential aspects of the contemporary neoliberal development agenda and its relationship to and with citizens and civil society, tackling questions related to the roles that various actors within civil society in the underdeveloped world are playing under late capitalism, and how these roles relate to current efforts to establish and extend markets, and market society more broadly, in a neoliberal image. This book was originally published as a special issue of Globalizations.


Global Financial Crisis and Its Ramifications on Capital Markets

Global Financial Crisis and Its Ramifications on Capital Markets

Author: Ümit Hacioğlu

Publisher: Springer

Published: 2017-01-20

Total Pages: 655

ISBN-13: 3319470213

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This book assesses the 2008-2009 financial crisis and its ramifications for the global economy from a multidisciplinary perspective. Current market conditions and systemic issues pose a risk to financial stability and sustained market access for emerging market borrowers. The volatile environment in the financial system became the source of major threats and some opportunities such as takeovers, mergers and acquisitions for international business operations. This volume is divided into six sections. The first evaluates the 2008-2009 Global Financial Crisis and its impacts on Global Economic Activity, examining the financial crisis in historical context, the economic slowdown, transmission of the crisis from advanced economies to emerging markets, and spillovers. The second section evaluates global imbalances, especially financial instability and the economic outlook for selected regional economies, while the third focuses on international financial institutions and fiscal policy applications. The fourth section analyzes the capital market mechanism, price fluctuations and global trade activity, while the fifth builds on new trends and business cycles to derive effective strategies and solutions for international entrepreneurship and business. In closing, the final section explores the road to economic recovery and stability by assessing the current outlook and fiscal strategies.