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Linkages Between Financial Variables, Financial Sector Reform and Economic Growth and Efficiency

Johnston, Robert B. - 1995

economic growth and efficiency, using panel data for 40 countries which reformed their financial systems. Financial sector … reform is hypothesized to affect economic growth and efficiency through three main channels: the real interest rate … representing the interest cost of capital, the volume of intermediation, and financial sector efficiency. The results indicate that …

Persistent link: https://www.econbiz.de/10014395836

Investing in public investment : an index of public investment efficiency

Dabla-Norris, Era; Brumby, Jim; Kyobe, Annette; Mills, Zac - 2011

Persistent link: https://www.econbiz.de/10009487110

Efficiency and Legitimacy : Trade-Offs in IMF Governance

Cottarelli, Carlo - 2005

its operational efficiency. Potential trade-offs between legitimacy and efficiency exist for any public institution but … legitimacy and efficiency …

Persistent link: https://www.econbiz.de/10014400744

Determinants of Government Efficiency

Hauner, David - 2008

We compile the first large cross-country panel dataset of public sector performance and efficiency, encompassing 114 … lower efficiency in the respective sector. Moreover, we find that richer countries exhibit better public sector performance … and efficiency, and that institutional and demographic factors also play a significant role …

Persistent link: https://www.econbiz.de/10014401855

Investing in Public Investment : An Index of Public Investment Efficiency

Mills, Zac - 2011

This paper introduces a new index that captures the institutional environment underpinning public investment management across four different stages: project appraisal, selection, implementation, and evaluation. Covering 71 countries, including 40 low-income countries, the index allows for...

Persistent link: https://www.econbiz.de/10014402638

The Role of the Prudential Supervision and Financial Restructuring of Banks During Transition to Indirect Instruments of Monetary Control

International Monetary Fund - 1996

This paper proposes a stylized sequencing of banking supervision and bank restructuring measures designed to complement and expedite the adoption of indirect instruments of monetary policy. Appropriate sequencing reflects both operational considerations and macroeconomic effects of structural...

Persistent link: https://www.econbiz.de/10014395923

The Corporate Sector Dynamics of Systemic Financial Crises

Stone, Mark Richard - 2000

This paper puts together a set of stylized facts of the corporate sector dynamics of systemic financial crises based on recent crisis episodes with a view to identifying the key issues and their policy implications. The evidence suggests that corporate crisis dynamics arc triggered by a cutoff...

Persistent link: https://www.econbiz.de/10014399838

Donor Competition for Aid Impact, and Aid Fragmentation

Annen, Kurt - 2012

This paper shows that donors that maximize relative aid impact spread their budgets across many recipient countries in a unique Nash equilibrium, explaining aid fragmentation. This equilibrium may be inefficient even without fixed costs, and the inefficiency increases in the equality of donors'...

Persistent link: https://www.econbiz.de/10014395695

Toward An Economic Theory of Multilateral Development Banking

Schwartz, Gerd - 1993

of distributional conflicts, and show how various institutional reforms may improve efficiency and overall member country …

Persistent link: https://www.econbiz.de/10014398226

Donor competition for aid impact, and aid fragmentation

Annen, Kurt; Moers, Luc - 2012

Persistent link: https://www.econbiz.de/10009621658