1993 World Economic and Financial Surveys
1993 World Economic and Financial Surveys

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1993-01-01

Total Pages: 120

ISBN-13: 145193890X

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This paper discusses systematic issues in international finance explained in the International Capital Markets report. The paper describes that the nature and extent of recent banking problems in several industrial countries along with the policy responses to those problems. It is observed that balance sheet problems in banking are widespread among the major industrial countries. The paper also analyses recent activity in the European currency unit bond and exchange markets, and reviews developments in the private financing of developing countries and discusses several issues raised by the recent experience, including the broadening of the investor base for developing country securities, the special role played by regional financial centers in East and Southeast Asia, and the systemic implications of the evolving pattern of developing country financing. A key influence on international capital movements in recent years was the rising international diversification of investment portfolios, which is generally believed to have increased in response to the liberalization of exchange and capital controls in many industrial countries in the 1970s and 1980s.

The Flexible Economy
The Flexible Economy

Author: Tony Killick

Publisher: Routledge

Published: 2005-07-18

Total Pages: 428

ISBN-13: 1134816448

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The accelerating pace of global change demands that economies must be adaptable. Economies which are flexible flourish, as in Eastern Asia. Inflexible economies stagnate, as in Eastern Europe and Africa. However even though adaptability governs the long-term progress of economies, economists have had little to say about the nature and determinants of economic flexibility. This book redresses that situation. A prestigious team of contributors address the key theoretical and empirical issues, using a wide range of country studies.

World Economic Outlook, April 2009
World Economic Outlook, April 2009

Author: International Monetary Fund. Research Dept.

Publisher: International Monetary Fund

Published: 2009-04-22

Total Pages: 252

ISBN-13: 1589068068

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This edition of the World Economic Outlook explores how a dramatic escalation of the financial crisis in September 2008 provoked an unprecedented contraction of activity and trade, despite active policy responses. It presents economic projections for 2009 and 2010, and also looks beyond the current crisis, considering factors that will shape the landscape of the global economy over the medium term, as businesses and households seek to repair the damage. The analysis also outlines the difficult policy challenges presented by the overwhelming imperative to take all steps necessary to restore financial stability and revive the global economy, and the longer-run need for national actions to be mutually supporting. The first of two analytical chapters, "What Kind of Economic Recovery?" explores the shape of the eventual recovery. The second, "The Transmission of Financial Stress from Advanced to Emerging and Developing Economies," focuses on the role of external financial linkages and financial stress in transmitting economic shocks.

World Economic and Financial Surveys
World Economic and Financial Surveys

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1994-01-01

Total Pages: 152

ISBN-13: 1451942117

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This paper analyzes the origins of the recent turbulence in government bond markets in the major industrial countries, and considers whether the role of hedge funds in that episode argues for altering present regulatory arrangements. In financial markets, it is possible for such a revision of expectations—if it is shared by all market participants—to alter asset prices almost immediately; indeed, the change in asset prices can occur without any transactions even taking place. In this case, however, trading volumes soared along with the rise in bond yields, as a broad spectrum of market participants sought to undo large positions that had been built up under the projections of a continued rise of European and US bond prices and a strengthening of the dollar against the yen and some European currencies. Although the increase in bond yields was undeniably large for such a short time period, the markets did receive new information in February and March on economic performance—especially on growth rates—and on the likely future course of macroeconomic policies.

Economies in Transition
Economies in Transition

Author: Ian Jeffries

Publisher: Routledge

Published: 2013-05-13

Total Pages: 878

ISBN-13: 1134776896

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This volume provides an in-depth review of major economic developments in those economies which are in some stage of transition, following the collapse of communism in the Eastern block. The book is divided into four parts: * theoretical issues in the transition from command to market economies * the events in the fifteeen independent countries of the former Soviet Union * Eastern Europe * non-European states In all, the author chronicles events from 1993 to 1995 in thirty-five countries. Economic developments are set in their political context and presented chronologically as far as possible. A Guide to the Economies in Transition carries on where Ian Jeffries' previous book left off. The work is entirely new and, as such, can be seen as a companion to the earlier title. These books are becoming known as invaluable guides, providing unique levels of reference in work of this type.

Human Development Report 1993
Human Development Report 1993

Author: United Nations Development Programme

Publisher: Human Development Report

Published: 1993

Total Pages: 148

ISBN-13: 0195084586

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Since its headline-making debut, the Human Development Report has become an essential resource for development specialists, economists, and political scientists around the world. While previous Human Development Reports focused on investment in people, the 1993 Report not only updates the findings of the earlier volumes, but shifts the focus towards the "other" side of human development--mobilizing and utilizing human potential. The Report surveys the instruments for enhancing and encouraging participatory patterns of development, including privatization and participatory market structures, vertical and horizontal decentralization of government functions, devolution of government powers, enterprise decentralization, involvement of NGOs and other grass-roots organizations, and empowerment of people. It probes the vital connections between employment and development, and offers a global framework for employment that takes into account the growing pressure for international migration. In addition, it examines links between human development and international markets for ucts, capital, and labor, and presents updated human development indicators for more than 160 countries.