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Globalization and International Development
Explores how globalization in the structure of trade and capital flows affects poverty. Considers the effect of foreign aid, international migration and remittances, and the global flow of knowledge and information.
Historical Dictionary of the International Monetary Fund
In its more than 65 years of existence, the International Monetary Fund has evolved from a small, obscure international agency, with new and uncertain responsibilities, into a powerful institution that today has assumed center stage in the international monetary system. It is a remarkable story of how an institution has developed and adapted itself to an evolving world and a changing membership in ways that perhaps no other international agency has been forced or able to do. The third edition of the Historical Dictionary of the International Monetary Fund provides a comprehensive overview of the fund, including a chronology, an introductory essay, appendixes, a bibliography, and over 300 cross-referenced dictionary entries on the organizations, significant leaders, founders, and members. This book is an excellent access point for students, researchers, and anyone wanting to know more about the International Monetary Fund.
Improving Sovereign Financing Conditions Through Data Transparency
Does it pay off to be transparent and, if so, can the benefits of transparency be measured? This paper provides an affirmative answer to both questions, supported by novel evidence on the link between transparency through dissemination of economic data and sovereign bond spreads. It explores changes in sovereign financing conditions when countries join the IMF Data Standards Initiatives—a multilateral framework that promotes data transparency as a global public good. The results from event studies and local projection models show a significant decrease in spreads following the adoption of the standards. In addition, countries with relatively weaker governance benefit the most from signaling their effort toward strengthening transparency.
High Performance Computing
This book constitutes revised selected papers of the 8th Latin American High Performance Computing Conference, CARLA 2021, held in Guadalajara, Mexico, in October 2021. Due to the COVID-19 pandemic the conference was held in a virtual mode. The 16 revised full papers and 2 short papers presented were carefully reviewed and selected out of 45 submissions. The papers included in this book are organized according to the topics on high performance computing; high performance computing and artificial intelligence; high performance computing applications.
Chains of Finance
This book suggests that investment decisions cannot be understood by focusing on isolated investors. Rather, most of their money flows through a chain: a sequence of intermediaries that 'sit between' savers and companies/governments. It argues that investment management is shaped by the opportunities and constraints that this chain creates.
Country Transparency and the Global Transmission of Financial Shocks
This paper considers the role of country-level opacity (the lack of availability of information) in amplifying shocks emanating from financial centers. We provide a simple model where, in the presence of ambiguity (uncertainty about the probability distribution of returns), prices in emerging markets react more strongly to signals from the developed market, the more opaque the emerging market is. The second contribution is empirical evidence for bond and equity markets in line with this prediction. Increasing the availability of information about public policies, improving accounting standards, and enhancing legal frameworks can help reduce the unpleasant side effects of financial globalization.
New Perspectives and Applications of Modern Control Theory
This edited monograph contains research contributions on a wide range of topics such as stochastic control systems, adaptive control, sliding mode control and parameter identification methods. The book also covers applications of robust and adaptice control to chemical and biotechnological systems. This collection of papers commemorates the 70th birthday of Dr. Alexander S. Poznyak.
Tearing Down Walls
This volume--the fifth in a series of histories of the International Monetary Fund--examines the 1990s, a tumultuous decade in which the IMF faced difficult challenges and took on new and expanded roles. Among these were assisting countries that had long operated under central planning to manage transitions toward market economies, helping countries in financial crisis after sudden loss of support from private financial markets, adapting surveillance to reflect the growing acceptance of international standards for economic and financial policies, helping low-income countries grow and begin to eradicate poverty while staying within its mandate as a monetary institution, and providing adequate financial assistance to members in an age of limited official resources. The IMF's successes and setbacks in facing these challenges provide valuable lessons for an uncertain future.
Self Healing Materials
In 2006 the Dutch government funded an 8 year and 20 million euro research program on Self Healing Materials. The research was not to be restricted to one material class or one particular healing approach. It was to explore all opportunities to create self healing behavior in engineering and functional materials and to bring the new materials to a level where they could be tested in real life applications. At its launch, the IOP program was the very first integrated multi-material approach to this field in the world. The research was to be conducted at Dutch universities working in collaboration with industry. With the IOP Self Healing Materials program coming to an end, this book presents t...
