Welcome to our book review site go-pdf.online!
You may have to Search all our reviewed books and magazines, click the sign up button below to create a free account.
Determinants of Emerging Market Bond Spread
March 1998 Macroeconomic variables matter and so does liquidity. External shocks (international interest rates) appear not to matter. In the 1990s international bond issues from developing countries surged dramatically, becoming one of the fastest-growing devices for financing external development. Their terms have improved as institutional investors have become more interested in emerging market securities and better economic prospects in a number of developing countries. But little is known about what determines the pricing and thus the yield spreads of new emerging market bond issues. Min investigates what determines bond spreads in emerging markets in the 1990s. He finds that strong macr...
How the Republic of Korea's Financial Structure Affects the Volatility of Four Asset Prices
How Korea's financial structure affects the volatility of Korea's real effective exchange rate, money market rate, government bond yields, and stock prices.
Inequality, the Price of Nontradables, and the Real Exchange Rate
Even though real exchange rate has an important impact on sustainable export and economic growth for small open economies, its impact on income distribution and transmission mechanism was never investigated. The paper shows that improved income distribution, through its impact on the price of nontradables, is associated with real exchange rate devaluation.
Child Labor in Côte D'Ivoire
March 1998 Most children in Côte d'Ivoire perform some kind of work. In rural areas, more than four of five children work, with only a third combining work with schooling. Child labor in Côte d'Ivoire increased in the 1980s because of a severe economic crisis. Two out of three urban children aged 7 to 17 work; half of them also attend school. In rural areas, more than four out of five children work, but only a third of them manage to combine work with schooling. Full-time work is less prevalent, but not negligible. Roughly 7 percent of urban children work full time (an average 46 hours a week). More than a third of rural children work full time (an average of 35 hours a week), with the hig...
Sex Workers and the Cost of Safe Sex
Prostitution is often called the world's oldest profession, yet economists almost never study it. The practice of safe sex by commercial sex workers in considered central to preventing the transmission of AIDS in Developing countries, yet sex workers in Calcutta who regularly use condoms suffer a 79 percent loss in their average earnings per sex act.
Determinants of Commercial Bank Interest Margins and Profitability
March 1998 Differences in interest margins reflect differences in bank characteristics, macroeconomic conditions, existing financial structure and taxation, regulation, and other institutional factors. Using bank data for 80 countries for 1988-95, Demirgüç-Kunt and Huizinga show that differences in interest margins and bank profitability reflect various determinants: * Bank characteristics. * Macroeconomic conditions. * Explicit and implicit bank taxes. * Regulation of deposit insurance. * General financial structure. * Several underlying legal and institutional indicators. Controlling for differences in bank activity, leverage, and the macroeconomic environment, they find (among other thi...
Regional Groupings Among Microstates
May 1998 This model shows that a microstate's decision to form, expand, or join a regional organization is based on reduced negotiating costs and increased bargaining power, rather than on the traditional costs and benefits of trade integration. Forming a regional grouping with neighboring nations may be one way for microstates to overcome a major problem: Because of their weak bargaining power and high fixed costs of negotiation, microstates are at a severe disadvantage in dealing with the rest of the world. They don't have the human and physical resources to unilaterally conduct the various bilateral and multilateral negotiations a developing nation typically conducts. Andriamananjara and ...
Building Subnational Debt Markets in Developing and Transition Economies
Because of the trend toward decentralization in more than 70 countries where the World Bank is active, subnational entities (states regions, provinces, counties and municipalities, and the local utility companies owned by them) are now responsible for delivering services and investing in infrastructure. And infrastructure investments are growing rapidly to meet increasing urban demand. How should the World Bank Group help?
