Similar Search Results

Towards a Principal-Agent Based Typology of Risks in Public-Private Partnerships

Palma, André de - 2009

There is a strong economic rationale for close cooperation between the public and private sectors. This has resulted in a significant increase in the demand for the provision of public services through instruments combining public and private money such as public-private partnerships (PPPs or...

Persistent link: https://www.econbiz.de/10012685204

Income and Democracy; Lipset's Law Revisited

Hoeffler, Anke; Bates, Robert H.; Fayad, Ghada - International Monetary Fund (IMF) - 2012

We revisit Lipsetâ€˜s law, which posits a positive and significant relationship between income and democracy. Using … democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …

Persistent link: https://www.econbiz.de/10011242229

Income and democracy : Lipset's law revisited

Fayad, Ghada; Bates, Robert H.; Hoeffler, Anke - 2012

We revisit Lipset?s law, which posits a positive and significant relationship between income and democracy. Using … democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …

Persistent link: https://www.econbiz.de/10009679679

A Model of Sovereign Debt in Democracies

Alichi, Ali - 2008

sovereign debt is to maintain access to international capital markets. However, in a democracy, one generation may choose …

Persistent link: https://www.econbiz.de/10012677458

Geopolitics and International Trade: The Democracy Advantage

Cevik, Serhan - 2024

to the question by analyzing the joint impact of democracy and geopolitical distance between countries with an augmented … distance in determining bilateral trade flows and that democracy fosters international trade and moderates the potential … negative impact of geopolitics. While the impact of democracy and its interaction with geopolitical distance are significant …

Persistent link: https://www.econbiz.de/10015058709

Sovereign Environmental, Social, and Governance (ESG) Investing : Chasing Elusive Sustainability

Gratcheva, Ekaterina - 2024

This paper evaluates the progression of the sovereign ESG landscape since the initial comprehensive assessment of the sector in 2021 in "Demystifying Sovereign ESG" by conducting a comparative analysis of the current sovereign ESG methodologies of commercial ESG providers. The 2021 study...

Persistent link: https://www.econbiz.de/10015058411

Systemic Risk and Asymmetric Responses in the Financial Industry

López-Espinosa, Germán; Rubia, Antonio; Valderrama, Laura - International Monetary Fund (IMF) - 2012

To date, an operational measure of systemic risk capturing non-linear tail comovement between system-wide and individual bank returns has not yet been developed. This paper proposes an extension of the so-called CoVaR measure that captures the asymmetric response of the banking system to...

Persistent link: https://www.econbiz.de/10011142002

The Regulatory Responses to the Global Financial Crisis: Some Uncomfortable Questions

Claessens, Stijn; Kodres, Laura E. - International Monetary Fund (IMF) - 2014

We identify current challenges for creating stable, yet efficient financial systems using lessons from recent and past crises. Reforms need to start from three tenets: adopting a system-wide perspective explicitly aimed at addressing market failures; understanding and incorporating into...

Persistent link: https://www.econbiz.de/10011142013

The Net Stable Funding Ratio: Impact and Issues for Consideration

Gobat, Jeanne; Yanase, Mamoru; Maloney, Joseph - International Monetary Fund (IMF) - 2014

As part of Basel III reforms, the NSFR is a new prudential liquidity rule aimed at limiting excess maturity transformation risk in the banking sector and promoting funding stability. The revised package has been issued for public consultation with a plan of making the rule binding in 2018. This...

Persistent link: https://www.econbiz.de/10011142026

Macro-Prudential Policies to Mitigate Financial System Vulnerabilities

Claessens, Stijn; Ghosh, Swati R.; Mihet, Roxana - International Monetary Fund (IMF) - 2014

Macro-prudential policies aimed at mitigating systemic financial risks have become part of the policy toolkit in many emerging markets and some advanced countries. Their effectiveness and efficacy are not well-known, however. Using panel data regressions, we analyze how changes in balance sheets...

Persistent link: https://www.econbiz.de/10011142054