You may have to Search all our reviewed books and magazines, click the sign up button below to create a free account.
This paper contributes to explain the cross-country heterogeneity of the poverty response to changes in economic growth. It does so by focusing on the structure of output growth. The paper presents a two-sector theoretical model that clarifies the mechanism through which the sectoral composition of growth and associated labor intensity can affect workers' wages and, thus, poverty alleviation. Then in presents cross-country empirical evidence that analyzes first, the differential poverty-reducing impact of sectoral growth at various levels of disaggregation, and the role of unskilled labor intensity in such differential impact. The paper finds evidence that not only the size of economic growth but also its composition matters for poverty alleviation, with the largest contributuons from labor-intensive sectors (such as agriculture, construction, and manufacturing). The results are robust to the influence of outliers, alternative explanations, and various poverty measures.
This pocket-sized reference on key environmental data for over 200 countries includes key indicators on agriculture, forestry, biodiversity, energy, emission and pollution, and water and sanitation. The volume helps establish a sound base of information to help set priorities and measure progress toward environmental sustainability goals.
Economic volatility has come into its own after being treated for decades as a secondary phenomenon in the business cycle literature. This evolution has been driven by the recognition that non-linearities, long buried by the economist's penchant for linearity, magnify the negative effects of volatility on long-run growth and inequality, especially in poor countries. This collection organizes empirical and policy results for economists and development policy practitioners into four parts: basic features, including the impact of volatility on growth and poverty; commodity price volatility; the financial sector's dual role as an absorber and amplifier of shocks; and the management and prevention of macroeconomic crises. The latter section includes a cross-country study, case studies on Argentina and Russia, and lessons from the debt default episodes of the 1980s and 1990s.
Living (In)Dependence: Critical Perspectives on Global Interdependence embraces a multidisciplinary approach to the interconnectedness of independence and dependence in every ramification of the words. These scholars and academics, from different disciplinary area, examine “independence” & “dependence”, not simply as polar opposites in their Saussurian sense but as a binary embedded in the concept of “independence”. Herein, scholars have had to challenge their perceived or preconceived notions about “Independence” and “dependence” from their respective disciplinary discursive perspectives. This book is a rare gift to the curious reader thirsty for knowledge and understand...
Using detailed information on lobbying and mortgage lending activities, we find that lenders lobbying more on issues related to mortgage lending (i) had higher loan-to-income ratios, (ii) securitized more intensively, and (iii) had faster growing portfolios. Ex-post, delinquency rates are higher in areas where lobbyist' lending grew faster and they experienced negative abnormal stock returns during key crisis events. The findings are robust to (i) falsification tests using lobbying on issues unrelated to mortgage lending, (ii) a difference-in-difference approach based on state-level laws, and (iii) instrumental variables strategies. These results show that lobbying lenders engage in riskier lending.
This work addresses potential innovative insurance mechanisms to compensate flood losses in central Europe by applying financial instruments for pooling multi-country risks to reduce single-country costs.
This book synthesizes the results of a comprehensive analysis of the status, prospects, and challenges of sustainable financial development in Latin America, as well as the lessons for developed and developing countries.
The deadly May 31, 2010 Gaza flotilla incident has been misunderstood. This book explores the incident in more detail than mainstream media coverage has allowed—explaining the background, key players, and the incident itself—enriched by the authors having had unique access to senior Israeli officials in the immediate aftermath of the event. The incident is a microcosm of the struggle between terrorism and democratic societies, and raises a number of legal, ethical, and strategic political issues in the contemporary Middle East. Chapters address the political and military scenario preceding the incident, key state and non-state actors involved, military and ethical dimensions of the operation, and the aftermath in the media and politics. The book provides thoughtful and readable analysis that is useful to policy makers and to the general public, and draws some important conclusions for the continuing conflict between democratic states and terrorists and their sponsors.
Using a sample of over 700 banks in Latin America, we show that international financial liberalization lowers bank capital ratios and increases the shares of short-term funding. Following liberalization, large banks substitute interbank borrowing for equity and long-term funding, whereas small banks increase the proportions of retail funding in their liabilities, which have been particularly vulnerable to flight-to-quality during periods of financial distress in much of Latin America. We also find evidence that riskier bank funding in the aftermath of financial liberalizations is exacerbated by asymmetric information, which rises on geographical distance and the opacity of balance sheets.
Africa’s Pulse is a biannual publication containing an analysis of the near-term macro-economic outlook for the region. It also includes a section focusing on a topic that represents a particular development challenges for the continent. It is produced by the Office of the Chief Economist for the Africa Region.This issue is an analysis of issues shaping Africa's economic future. Growth remains stable in Sub-Saharan Africa. Some countries are seeing a slowdown, but the region's economic prospects remain broadly favorable. External risks of higher global financial market volatility and lower growth in emerging market economies weigh on the downside. In several Sub-Saharan African countries, ...