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Apps, Peter, i n/a. "Debt Crises, IMF Policies and Structural Inequality in the Third World". Griffith University. School of Humanities, 2003. http://www4.gu.edu.au:8080/adt-root/public/adt-QGU20031010.143327.
Pełny tekst źródłaApps, Peter. "Debt Crises, IMF Policies and Structural Inequality in the Third World". Thesis, Griffith University, 2003. http://hdl.handle.net/10072/367067.
Pełny tekst źródłaThesis (PhD Doctorate)
Doctor of Philosophy (PhD)
School of Humanities
Full Text
van, Vliet Lisette. "Debt-for-Nature Swaps : transnational environmental politics in a changing global political economy or NGOs, LDCs and IOUs". Thesis, Canberra, ACT : The Australian National University, 1991. http://hdl.handle.net/1885/128737.
Pełny tekst źródłaBruce, Colin (Colin Ashley). "Contractual unenforceability, external debt renegociation and the effective incidence of the burden of debt service". Thesis, McGill University, 1986. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=72816.
Pełny tekst źródłaAbendanon, Lucille. "Debt relief for economics or debt relief for the people? : a critical analysis of the heavily indebted poor countries initiative". Thesis, Stellenbosch : Stellenbosch University, 2003. http://hdl.handle.net/10019.1/53347.
Pełny tekst źródłaENGLISH ABSTRACT: The HIPC Initiative offers qualifying heavily indebted poor countries the opportunity to renege on their debt obligations in return for an emphatic commitment to poverty reduction and reform. This dissertation assesses the effectiveness of the HIPC Initiative in light of the fact that one third of the world's population continues to live on an average of US$1 per day. In evaluating the HIPC Initiative one simple question is posed: taking into consideration the abject poverty experienced by over a billion people in the developing world, and the urgency with which it must be addressed, is the HIPC Initiative extensive enough, deep enough or broad enough to effectively challenge worldwide poverty? Using quantitative and qualitative research methods, the dissertation investigates this question by examining the divergent points of view offered by the World Bank and IMF on the one hand, and NGOs on the other as they comment on the most hotly debated issues surrounding the effectiveness of the HIPC Initiative. The analysis leads us to an evaluation of the following issues: establishing debt sustainability to qualify for HIPC relief; the issue of conditionality and the use of poverty reduction strategy papers; funding the HIPC Initiative; the likelihood of HIPCs escaping the debt trap after HIPC relief; and finally, how the HIPC Initiative is contributing to attaining the Millennium Development Goals is evaluated. After probing the stances of the World Bank and IMF, and the contrasting views of NGOs the conclusions indicate that the HIPC Initiative is neither extensive, deep nor broad enough to effectively challenge poverty, or to provide indebted poor countries with a lasting escape from the burden of unsustainable debt.
AFRIKAANSE OPSOMMING: Die Heavily Indebted Poor Countries (HIPC) Inisiatief bied aan arm lande met 'n groot skuldlas, wat kwalifiseer vir hulp, die geleentheid om hul skuldverpligtings af te las in ruil vir 'n definitiewe verbintenis tot armoede-vermindering en -hervorming. Hierdie verhandeling evalueer die doeltreffendheid van die HIPC Inisiatief teen die agtergrond van die feit dat een derde van die wêreld se bevolking op 'n gemiddelde van een Amerikaanse Dollar per dag oorleef. Hierdie evaluering van die HIPC Inisiatief stel 'n eenvoudige vraag: Is die HIPC Inisiatief voldoende en uitgebreid genoeg om die uitdaging van wêreldwye armoede aan te spreek indien 'n mens die uiterste armoede van meer as 'n biljoen mense in ontwikkelende gebiede in ag neem, sowel as die dringendheid waarmee dit aangespreek moet word? Deur van kwantitatiewe en kwalitatiewe navorsingsmetodes gebruik te maak, ondersoek die verhandeling hierdie vraag deur uiteenlopende gesigspunte van die Wêreldbank en die Internasionale Monitêre Fonds (IMF) aan die een kant, en Nie- Regerings Orginisasies (NRO's) s'n aan die ander kant, te ondersoek aan die hand van hul kommentaar op die belangrikste kwessies oor die doeltreffendheid van die HIPC Inisiatief. Hierdie ontleding lei tot 'n evaluering van die volgende kwessies: bepaling van lande se potensiaal om met terugbetalings vol te hou ten einde vir hulp deur die HIPC te kwalifiseer; die kwessie van voorwaardelikheid en die gebruik van armoedeverligtingstrategieë; befondsing van die HIPC Inisiatief; die moontlikheid dat die HIPC's die skuldstrikke na toepassing van HIPC-bystand sal ontsnap; en laastens, hoe die HIPC Inisiatief se bydrae tot die bereiking van die Millenium Ontwikkelingsdoelwitte geëvalueer word. Die standpunte van die Wêreld Bank en die IMF sowel as die teengestelde sienings van die NRO's word ondersoek. Die gevolgtrekking toon dat dat die HIPC Insiatief nie uitgebreid, diep of breed genoeg is om armoede doeltreffend hok te slaan nie, of om skuldlastige arm lande te help om finaal van hul skuldlas te ontsnap nie.
Orie, Kenneth Kanu. "Managing the less developed countries' debt problem". Thesis, University of British Columbia, 1989. http://hdl.handle.net/2429/27354.
Pełny tekst źródłaLaw, Peter A. Allard School of
Graduate
Bourget, Bernard. "Country risk analysis : a survey of external debt service capacity indicators". Thesis, McGill University, 1986. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=65534.
Pełny tekst źródłaElnasri, Amani Economics Australian School of Business UNSW. "The impact of debt relief in low-income countries". Awarded by:University of New South Wales. School of Economics, 2006. http://handle.unsw.edu.au/1959.4/26779.
Pełny tekst źródłaShepherdson, Ian Charles. "The secondary market in less developed countries' debt : development, efficiency and debt reduction". Thesis, Loughborough University, 1992. https://dspace.lboro.ac.uk/2134/11035.
Pełny tekst źródłaDeusdarÃ, Francisca Maria Muniz. "Economic growth and government debt in the countries of OECD". Universidade Federal do CearÃ, 2013. http://www.teses.ufc.br/tde_busca/arquivo.php?codArquivo=11518.
Pełny tekst źródłaThis work was developed with the aim of contributing to the discussion about the impact of the public debt on the economic growth of the OECD countries. Different theoretical and empirical work suggest an effect of economic stagnation when there is an increase in the debt, however, and on the other hand, many authors argue that a rise in the growth strengthens the economy by attracting new investors. There is no consensus in the literature on the subject. This work was developed with the main purpose to provide data that may help clarify the debt and growth paradox. To capture the direction of those two variables as well as the mutual influence of this movement, we used in our study an econometric vector auto-regressive type model â VAR, with annual data from 16 out of the 32 countries considered as advanced economies that make up the Organization for Economic Cooperation and Development â OECD, during the period from 1995 to 2011. The results presented indicate a weak causality going from growth to debt. Thresholds concerning public debt have not been identified. It has been found out that a low economic growth of the countries within the sample, under the Granger sense, causes bigger Debt/GDP ratios.
Este trabalho foi elaborado com o objetivo de contribuir com a discussÃo sobre o impacto da dÃvida pÃblica no crescimento econÃmico nos paÃses da OCDE. Diferentes trabalhos teÃricos e empÃricos propÃem um efeito de estagnaÃÃo da economia quando hà uma elevaÃÃo da dÃvida, entretanto e, por outro lado, muitos autores defendem que uma elevaÃÃo no crescimento fortalece a economia atraindo novos investidores. NÃo hà consenso na literatura sobre o assunto. Com a finalidade principal de fornecer dados que possam ajudar a esclarecer o paradoxo dÃvida e crescimento este trabalho foi desenvolvido. Para capturar a direÃÃo destas duas variÃveis, bem como a influÃncia mÃtua deste movimento, no nosso estudo foi utilizado um modelo economÃtrico do tipo autorregressivo vetorial â VAR, com dados anuais de 16 dos 32 paÃses considerados de economia avanÃada que compÃem a OrganizaÃÃo para CooperaÃÃo e Desenvolvimento EconÃmico â OCDE, durante o perÃodo de 1995 a 2011. Os resultados apresentados indicam uma fraca causalidade indo do crescimento para dÃvida. NÃo foram encontrados limiares para dÃvida pÃblica. Foi encontrado que um baixo crescimento econÃmico dos paÃses da amostra causa, no sentido de Granger, maiores razÃes DÃvida/PIB.
Bas, Tugba. "Capital structure and debt maturity choices of firms in developing countries". Thesis, City University London, 2012. http://openaccess.city.ac.uk/1073/.
Pełny tekst źródłaKaracimen, Elif. "Political economy of consumer debt in developing countries : evidence from Turkey". Thesis, SOAS, University of London, 2013. http://eprints.soas.ac.uk/15947/.
Pełny tekst źródłaSedghi, Khorasgani Hossein. "Essays on financial stability in EMEAP countries". Thesis, University of Leicester, 2011. http://hdl.handle.net/2381/10069.
Pełny tekst źródłaOzcan, Banu. "Market convergence, catastrophe risk and sovereign borrowing : an empirical analysis for emerging market countries /". Thesis, Connect to Dissertations & Theses @ Tufts University, 2005.
Znajdź pełny tekst źródłaChair: Laurent L. Jacque. Submitted to the Fletcher School of Law and Diplomacy. Includes bibliographical references (leaves 100-114). Access restricted to members of the Tufts University community. Also available via the World Wide Web;
Paret, Anne-Charlotte. "Fiscal vulnerability and sustainability issues in emerging market countries". Thesis, Aix-Marseille, 2017. http://www.theses.fr/2017AIXM0126.
Pełny tekst źródłaThe objective of this thesis is to obtain a better understanding of the determinants of sovereign default and medium-term sustainability inemerging market countries, so as to define ways through which they may protect themselves from these sovereign risks. We provide econometric tools and a theoretical model that are adapted to these countries’ specific features. This aims to anticipate severe sovereign default episodes through a regime switching early-warning type model, to assess medium-term public debt prospects and the impact of defined fiscal policies through stochastic debt simulations and to characterize the distribution of the external debt ratio of emerging market countries. It eventually enables to identify the countries that are the most exposed to sovereign risk and to draw up a set of policy recommendations, allowing for a differentiation within this heterogeneous block of countries and through time
Swaray, Raymond Boima. "Primary commodity exposure and risk management for producers in less developed countries". Thesis, University of York, 2000. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.341523.
Pełny tekst źródłaUdagawa, Mitsuhiro. "Debt relief in international society : international responses to the debt problem of the heavily indebted poor countries (HIPC)". Thesis, University of Newcastle Upon Tyne, 2007. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.435633.
Pełny tekst źródłaNasa, Baseerit. "Investigating the debt-growth relationship for developing countries : a multi-country econometric analysis". Thesis, University of Leicester, 2009. http://hdl.handle.net/2381/4811.
Pełny tekst źródłaAlami, Randa. "The political economy of official external debt formation in Arab countries 1975-1990". Thesis, SOAS, University of London, 1999. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.321902.
Pełny tekst źródłaGunarsa, Singgih. "Fiscal Policy, Public Debt and Economic Performance in Developing Countries: An Empirical Analysis". Thesis, Griffith University, 2020. http://hdl.handle.net/10072/394725.
Pełny tekst źródłaThesis (PhD Doctorate)
Doctor of Philosophy (PhD)
Dept Account,Finance & Econ
Griffith Business School
Full Text
Jaoui, Abdelhak. "Can the Baker plan work?" Virtual Press, 1987. http://liblink.bsu.edu/uhtbin/catkey/490119.
Pełny tekst źródłaHasan, Zeeshan. "Foreign debt rescheduling and private investment in LDCs". Oberlin College Honors Theses / OhioLINK, 1993. http://rave.ohiolink.edu/etdc/view?acc_num=oberlin1342204622.
Pełny tekst źródłaMartins, Henry Bola. "Risk management of U.S. banks in less developed countries : a country-risk analysis". Thesis, University of Sheffield, 1990. http://etheses.whiterose.ac.uk/1889/.
Pełny tekst źródłaBarnwell, Ménard Jean-Louis. "A semiparametric IV estimation of the government debt/GDP-growth relationship for OECD countries". Mémoire, Université de Sherbrooke, 2015. http://hdl.handle.net/11143/7935.
Pełny tekst źródłaRésumé : Dans cette étude, nous utilisons un estimateur semi-paramétrique VI pour décrire la forme fonctionnelle de la relation entre la dette gouvernementale relative au PIB et la croissance économique dans les pays de l'OCDE. Nous estimons cette relation dans le cadre d'un modèle de croissance pour différents sous-ensembles de pays de l'OCDE, entre 1971 et 2010. Nous trouvons, comme plusieurs études préalables, une forte hétérogénéité entre les formes fonctionnelles estimées pour les différents sous-ensembles de pays. Pour l'échantillon complet, nous trouvons une relation non linéaire et complexe, alors que pour l'ensemble de pays PIIGS (Portugal, Italie, Irlande, Grèce et Espagne), cette relation s'illustre clairement par une forme de U-inverse. De plus, nous trouvons que la forme fonctionnelle estimée du groupe PIIGS explique en grande partie les non-linéarités caractérisant la relation pour l'ensemble de l'échantillon. En effet, lorsque le groupe PIIGS est exclu de l'échantillon, nous trouvons une relation dette/PIB-croissance quasi linéaire et positive. Nous appliquons deux tests de spécification afin de confirmer la pertinence de l'estimateur semi-paramétrique VI dans ce contexte.
Rosas, Francisco Flores. "The build-up of Mexico's external public debt, 1976-82 : context, management, and crisis". Thesis, University of Cambridge, 1995. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.389828.
Pełny tekst źródłaCandelaria, Sedfrey Martinez. "State responsibility and international financial obligations : a case study of the International Monetary Fund stand-by arrangements with developing country members". Thesis, University of British Columbia, 1989. http://hdl.handle.net/2429/28824.
Pełny tekst źródłaLaw, Peter A. Allard School of
Graduate
Proaño, Christian R., Christian Schoder i Willi Semmler. "Financial Stress, Sovereign Debt and Economic Activity in Industrialized Countries: Evidence from Dynamic Threshold Regressions". WU Vienna University of Economics and Business, 2014. http://epub.wu.ac.at/4085/1/wp167.pdf.
Pełny tekst źródłaSeries: Department of Economics Working Paper Series
Buckberg, Elaine Karen. "Developing countries in world financial markets : studies of emerging stock markets, direct investment, and debt". Thesis, Massachusetts Institute of Technology, 1993. http://hdl.handle.net/1721.1/12600.
Pełny tekst źródłaGao, Pei. "The impact of European debt crisis on EU's FDI in China". Thesis, University of Macau, 2018. http://umaclib3.umac.mo/record=b3953560.
Pełny tekst źródłaSaleh, Abubaker Sadiq. "Debt management as an economic growth strategy in Sub-Saharan Africa : a study of selected countries". Thesis, University of Huddersfield, 2015. http://eprints.hud.ac.uk/id/eprint/26608/.
Pełny tekst źródłaHvalgren, Niclas, i Davidsson Linnea Englund. "Income Inequality and Household Debt : A panel data study of 17 OECD-countries from 1995-2015". Thesis, Uppsala universitet, Nationalekonomiska institutionen, 2018. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-341849.
Pełny tekst źródłaThis bachelor thesis was awarded the highest grade, VG.
Wahlström, Jonas, i Oscar Carlsson. "The relationship between CSR and the interest bearing cost of debt : An analysis of Nordic countries". Thesis, Umeå universitet, Företagsekonomi, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-173061.
Pełny tekst źródłaJavidan, Darugar Mohammad Reza. "International Economic Dependency and Human Development in Third World Countries". Thesis, University of North Texas, 1996. https://digital.library.unt.edu/ark:/67531/metadc278243/.
Pełny tekst źródłaTurkistani, Abdullah Qurban. "An analysis of foreign debt by the Arab countries with special reference to Egypt, Morocco and Tunisia". Thesis, University of Leicester, 2001. http://hdl.handle.net/2381/30138.
Pełny tekst źródłaBattikha, Anne-Marie. "Structural Adjustment and the Environment: Impacts of the World Bank and IMF Conditional Loans on Developing Countries". Virginia Tech, 2002. http://hdl.handle.net/10919/37092.
Pełny tekst źródła
This paper argues that the macroeconomic policies promoted by structural adjustment have several direct and indirect impacts on the environment of borrowing countries. Further, without careful consideration of the environmental impacts, degradation is often the result. However, the fundamentally different perspectives and values on debt and development used by the IMF and World Bank and their critics may explain the differences in their conclusions on adjustment. As the IMF and the World Bank are currently experiencing a shift in the way they interact with borrowing countries to emphasize poverty reduction and country ownership of policies, it is possible that this will allow for more systematic and integrated approaches to addressing debt as well as long-term development. In order to minimize unintended harm to the natural resource base of these countries, economic, social and environmental issues should be addressed together.
Master of Urban and Regional Planning
Hompashe, Dumisani MacDonald. "Is inflation targeting a viable option for a developing country?: the case of Malawi". Thesis, Rhodes University, 2009. http://hdl.handle.net/10962/d1002676.
Pełny tekst źródłaHatta, Mohammad Firdaus Mohammad. "The compliancy and effectiveness of Islamic debt financing in the Malaysian economy from the perspective of ancient and contemporary literature". Thesis, University of Wales Trinity Saint David, 2012. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.683029.
Pełny tekst źródłaGnangnon, Sèna Kimm. "Essays on Fiscal Policy in OECD and developing countries". Thesis, Clermont-Ferrand 1, 2014. http://www.theses.fr/2014CLF10430/document.
Pełny tekst źródłaThe issue of financing development in developing countries is at the heart of this thesis. The latter revolves around four chapters on financing development related matters. The chapter 1 explores how fiscal episodes in the main traditional OECD (Organization for Economic Cooperation and Development) donors affect their supply of development aid towards developing countries. Evidence is shown that fiscal episodes affect significantly aid supply, with a behavioural difference between European Union and Non-European countries in terms of aid supply. The chapter 2 deals with the consequences of development aid unpredictability and migrants' remittances on fiscal consolidation in developing countries. We find evidence that while migrants' remittances exert a positive and significant effect on the likelihood of fiscal consolidation in developing countries, development aid unpredictability does not. These results particularly suggest that a better management of the revenues derived from these private transfers during their booms could help avoid such situations and allow greater room of maneuver for governments’ recipients to implement countercyclical measures during bad times. The chapter 3 investigates whether the structural vulnerability of developing countries matters for their public indebtedness and evidence is obtained that it does. More specifically, we observe the existence of U-curve relationship between this structural vulnerability and the total public debt of these countries. Focusing on the specific case of CFA Franc Zone countries in chapter 4, we examine the relationship between the structural vulnerability and the probability of entering into excessive public debt. We also obtain evidence of a nonlinear effect of the structural vulnerability indicator with respect to the probability of entering into excessive debt: a rise in the structural vulnerability of these countries increases their probability to engage into excessive debt; however this probability declines after a certain threshold of their structural vulnerability. These results (both for developing countries and particularly for CFA Franc Zone countries) suggest that international development institutions such as the World Bank and International Monetary Fund (IMF) should take into account such vulnerability in their assessment of the adequate development policies and recommendations - especially those related to debt issues -, to these countries
Imaginário, João Tiago Inverno. "The impact of governance in government debt". Master's thesis, Instituto Superior de Economia e Gestão, 2018. http://hdl.handle.net/10400.5/16581.
Pełny tekst źródłaEsta dissertação estuda a relação entre os Worldwide Governance Indicators e a Dívida Pública em 164 países para o período entre 2002 e 2015. Para tal, estimaram-se os modelos de fixed effects (FE) e generalized method of moments (GMM). Os resultados sugerem que a qualidade da governance está negativamente e estatisticamente relacionada com a dívida. Para os países de rendimento per capita mais baixo, foi encontrada evidência de que um melhor ambiente de governance está associado a níveis mais baixos de dívida pública.
This dissertation examines the relationship between Worldwide Governance Indicators and Government Debt in 164 countries for the period between 2002 and 2015. For this purpose, fixed effects (FE) and generalized method of moments (GMM) models are estimated. The results suggest that governance quality is negatively and statistically related with government debt. For Low Income countries was found evidence that better governance environment is associated with lower public debt levels.
info:eu-repo/semantics/publishedVersion
Mansour, Layal. "To what extent can the policy of hoarding international reserves in indebted and dollarized countries be efficient ?" Thesis, Lyon 2, 2014. http://www.theses.fr/2014LYO22008.
Pełny tekst źródłaThe first chapter of this thesis investigates the efficiency of Hoarding IR and Sterilization in dollarized and indebted countries by measuring the sterilization coefficient, and the offset coefficient. It also focuses on exploring the link between the sources of Reserves and the external debt. We applied a 2SLS regression models and we identified explanatory variables that enabled us to estimate the aforementioned coefficients. Our results show that despite their theoretical correct practice of sterilization policy, economic constrains contribute to weaken the efficiency expected from monetary policies. The second chapter consists of estimating the probability whether an indebted country is vulnerable to crises despite its accumulation of IR -acting as a buffer stock and self-insurance. We use the Financial Stress Indicator (FSI) proposed by Balakrishnan et al (2009) and IMF which covers several aspects of financial crisis- and apply the Markov switching model with time varying, We found that debt had increased the likelihood for a country to suffer from financial crisis, however IR did not necessarily provide “Peace” in the indebted countries except of some exceptions. Thus, consistent with, Calvo (2003, 2006), who found that a country that has an excessive external debt, hoarding reserves will not be sufficient to avoid a crisis, but may be useful during the "sudden stop" crises, we conclude that the deleterious effects of ED might outweigh in most cases the beneficial effects of IR especially in more dollarized countries The third chapter measures first, the degree of trilemma indexes: exchange rate stability, monetary independence and capital account openness while taking into account the increase of hording IR ratio over GDP, over External Debt and over Short Term External Debt. The evolution of the trilemma indexes shows that countries applying de facto flexible Exchange Rate Regime (ERR) take advantage of the IR and become able to adopt a managed ERR that consist of achieving the three trilemma indexes simultaneously without renouncing to anyone of them. We found that different IR ratio could have different interpretations and different directions of monetary policies, where external debt should be taken into consideration in such study while using the IR. As for the country that is applying a de facto fixed exchange rate regime, the IR (different ratio) do not play any role in changing the patter of the Mundell trilemma and do not intervene in monetary authority policies. This chapter treats as well the normative aspects of the trilemma, relating the policy choices to macroeconomic outcomes such as the volatility of output growth. We found different results from country to another, while taking different ratios of measuring IR, concluding that the impact of IR on the output volatility could change due to the level of external debt and adopted exchange rate regime
Sawadogo, Pegdéwendé Nestor. "Fiscal policy and financing for development in developing countries". Thesis, Université Clermont Auvergne (2017-2020), 2020. http://www.theses.fr/2020CLFAD007.
Pełny tekst źródłaThe central question of this thesis is how fiscal policy could be used for development finance purposes. Indeed, we identify and investigate pathways through which developing states can mobilize resources to improve sustainable development. For this purpose, we conduct policy-oriented researches (using suitable statistical and econometrical tools) and provide advices for developing countries. The first part of the dissertation addresses the issue of external resources mobilization in developing countries (Chapter 1 and Chapter 2). In Chapter 1, we investigate the effects of public expenditures on sovereign bond spreads in emerging market countries. We show that developing countries could have a better access to international financial market by supporting public investment and reducing current spending. Specifically, spending on human capital (education and health) and other public infrastructures significantly reduce bond spreads. They should also improve the quality of governance since financial markets award well-governed countries with better borrowing conditions. We examine, in Chapter 2, the strength of fiscal rules in terms of improving financial markets access for developing countries. We find that the adoption of fiscal rules reduces sovereign bond spreads and consequently improve financial market access. Indeed, this result is explained by the credibility of fiscal policy channel: more credible governments are rewarded in the international financial markets with low sovereign bond spreads and high sovereign debt ratings. Our findings confirm that the adoption and sound implementation of fiscal rules is an instrument for policy makers to improve developing countries’ financial market access. The second part of the dissertation focuses on what developing countries could do to improve internal resources mobilization (Chapter 3 and Chapter 4). As a matter of fact, we explore the relationship between fiscal rules and inequality (Chapter 3) and find that fiscal rules adoption contributes to reduce inequality in developing countries. The policy implication is that developing countries could finance their development in a sustainable way (via the reduction of inequalities) by adopting fiscal rules. Moreover, we assess the effects of combating illicit financial flows on domestic tax revenue mobilization in developing countries (Chapter 4). We highlight that countries which cooperate with international standards for anti-money laundering and combating the financing of terrorism (AML/CFT) are more able to mobilize tax revenue than countries which do not cooperate. Consequently, developing countries could mobilize more domestic tax revenue by implementing policies to curtail illicit financial flows. They should establish sound institutions
Balima, Weneyam Hippolyte. "Essays on economic policies and economy of financial markets in developing and emerging countries". Thesis, Université Clermont Auvergne (2017-2020), 2017. http://www.theses.fr/2017CLFAD024/document.
Pełny tekst źródłaThis thesis focuses on some critical issues of the access to international financial markets in developing and emerging market economies. The first part provides a general overview of the macroeconomic consequences of one of the most market-friendly monetary policy regime—inflation targeting—using a meta-regression analysis framework. The second part analyses government bond market risk and stability. The last part investigates the disciplining effects of government bond market participation—bond vigilantes. In Chapter 1, the results indicate that the literature of the macroeconomic effects of inflation targeting adoption is subject to publication bias. After purging the publication bias, the true effect of inflation targeting appears to be statistically and economically meaningful both on the level of inflation and the volatility of economic growth, but not statistically significant on inflation volatility or real GDP growth. Third, differences in the impact of inflation targeting found in primary studies can be explained by differences in studies characteristics including the sample characteristics, the empirical identification strategies, the choice of the control variables, inflation targeting implementation parameters, as well as the study period and some parameters related to the publication process. Chapter 2 shows that the adoption of inflation targeting regime reduces sovereign debt risk in emerging countries. However, this relative advantage of inflation targeting—compared to money or exchange rate targeting—varies systematically depending on the business cycle, the fiscal policy stance, the level of development, and the duration of countries’ experience with inflation targeting. Chapter 3 shows that remittances inflows significantly reduce bond spreads, whereas development aid does not. It also highlights that the effect of remittances on spreads arises in a regimes of lower developed financial system, higher degree of trade openness, lower fiscal space, and exclusively in non-remittances dependent regimes. Chapter 4 indicates that countries with credit default swaps contracts on their debts have a higher probability of experiencing a debt crisis, compared to countries without credit default swaps contracts. It also finds that the impact of credit default swaps initiation is sensitive to several structural characteristics including the level of economic development, the country creditworthiness at the timing of credit default swaps introduction, the public sector transparency, the central bank independence; and to the duration of countries’ experiences with credit default swaps transactions. Chapter 5 shows that bond markets participation encourages government in developing countries to increase their domestic tax revenue mobilization. Finally, it finds that bond markets participation improves the mobilization of internal taxes, compared to tax on international trade, and reduces their instability. Chapter 6 shows that the presence of domestic bond markets significantly reduces financial dollarization in domestic bond markets countries. This effect is larger for inflation targeting countries compared to non-inflation targeting countries, is apparent exclusively in a non-pegged exchange rate regime, and is larger when there is a fiscal rule that constrains the conduct of fiscal policy. Finally, it finds that the induced drop in inflation rate and its variability, nominal exchange rate variability, and seigniorage revenue are potential transmission mechanisms through which the presence of domestic bond markets reduces financial dollarization in domestic bond markets countries
Kere, Axelle. "Essays on fiscal policy and domestic resource mobilization in resource-rich developing countries". Thesis, Université Clermont Auvergne (2021-...), 2022. http://www.theses.fr/2022UCFAD002.
Pełny tekst źródłaThis thesis examines the effect of extractive natural resources on the macroeconomic environment of developing countries and addresses the issue of domestic resource mobilization in these countries. After reviewing the existing theoretical and empirical literature on the natural resource curse, it explores empirically the impact of giant oil and gas discoveries on the fiscal policy of developing countries and tests the effect of a solution promoted by multilateral institutions and governments to alleviate the challenges of the management of such resources. The first chapter highlights the negative impact of oil and gas discoveries on the likelihood of sovereign debt crises in sub-Saharan countries. This effect occurs mainly in countries with a high concentration of exports; conversely, it disappears for so-called diversified countries. This result is noteworthy because the countries in our study have already received debt relief through the Heavily Indebted Poor Countries (HIPC) initiative and the Multilateral Debt Relief Initiative (MDRI). The second chapter shows the impact of oil and gas discoveries on the composition of public expenditures in developing countries. It emphasizes the harmful effects of these discoveries on health and education spending. In addition, governments privilege less productive and more discretionary categories of spending, like military and social protection spending. The results of this chapter raise concerns about whether the first of the Sustainable Development Goals (SDGs) about economic growth will be achieved.The third chapter analyzes the impact of Sovereign Wealth Funds (SWFs) as a solution promoted by several governments. This article shows that SWFs, particularly stabilization funds, have a significant impact on addressing the deterrent effect of non-resource tax mobilization. Furthermore, imposing an additional fiscal constraint on resource-rich states encourages better revenue mobilization across non-resource sectors. This last result contributes to the discussion of options for achieving the objectives of the Marrakech Consensus, which emphasized the importance of better domestic revenue mobilization.Finally, we conclude by providing practical economic policy recommendations to address the multidisciplinary problem of natural resource curse
Lindner, Thomas, Jakob Müllner i Jonas Puck. "Cost of capital in an international context: Institutional distance, quality, and dynamics". Elsevier, 2016. http://dx.doi.org/10.1016/j.intman.2016.01.001.
Pełny tekst źródłaŘíman, Václav. "Vliv eura na vývoj hospodářství a zadlužení v jižních státech eurozóny". Master's thesis, Vysoká škola ekonomická v Praze, 2012. http://www.nusl.cz/ntk/nusl-116337.
Pełny tekst źródłaNilsson, Alexander. "Crowding out or crowding in? : A study on the effects of the public debt ratio on private investments of countries in the euro area". Thesis, Umeå universitet, Nationalekonomi, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-173254.
Pełny tekst źródłaGabriani, Carlos Roberto. "O financiamento da inovação tecnológica em países em desenvolvimento : uma abordagem teórica com aplicação para a economia brasileira". reponame:Biblioteca Digital de Teses e Dissertações da UFRGS, 2016. http://hdl.handle.net/10183/150544.
Pełny tekst źródłaThis work presents a theoretical analysis on the financing of technological innovation with emphasis on developing countries, or in the process of catching up, with application to the Brazilian economy. Its importance stems from the need to understand the role that innovations have been given as a factor able to narrow the differences between the advanced and developing countries. The goal is to show that in these countries the dynamics and the innovation process is characterized by structuring predominantly on the diffusion, absorption and use of technologies, with different implications for their financing, and in that context, the financial system and capital markets are highlighted as institutions of the national innovation system that may affect the funding feasibility conditions (finance) and financial consolidation of debt (funding) of inverting companies and / or innovative companies. To achieve these objectives a raid on the theoretical contributions of post-Keynesian and neo-Schumpeterian approaches was carried out in order to highlight the elements that make it possible to understand the innovative dynamics and the role of the financial system to finance the innovative activities of companies in these countries. The banking firm's behavior is analyzed contrasting its implications on the financing of innovation. It is further an analysis of the connections between credit and economic cycle and funding and seeks to establish the relationship between financing and financial consolidation of the debts of leveraged companies. It also looks up the financing of innovation with a view of idiosyncrasies in terms of dynamic and innovative process in developing countries, or catching up process Finally, from the PINTEC / IBGE data, an investigation is made on the relationship between the dynamics and the innovation process of Brazilian companies and the role of the financial system and of national capital markets in its funding. It is concluded that in developing countries the financial system and capital markets play different role in the financing of technological innovation, given the specificities pertaining to risk and uncertainty that characterize its innovative process, and that in the Brazilian case the State occupies a space the financing of innovative activities of Brazilian companies that could reasonably be played by the national financial system.
Sturk, Madeleine, i Evertsson Marina Valkonen. "Reclassifications of financial intstruments in the Nordic countries : The effects of the reclassification amendments on Nordic banks financial statements of 2008 and 2009". Thesis, Jönköping University, JIBS, Accounting and Finance, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-12995.
Pełny tekst źródłaDue to the apparent global economic conditions, at the end of 2008, the International Accounting Standards Board (IASB) issued amendments to IAS 39 Financial instruments: recognition and measurement and IFRS 7 Financial instruments: disclosures in October and November, 2008. The amendments allow banks to reclassify their non-derivative financial instruments in rare circumstances. This thesis investigates whether banks in the Nordic countries (Denmark, Finland, Norway, and Sweden) reclassify financial instruments, in their financial statements of 2008 and 2009.
The result of the study shows that 47% of the sample Nordic banks reclassified financial instruments in 2008 and 12% in 2009. All banks increased their net profit as a result of reclassifying financial instruments in 2008. The return on equity (ROE) increased significantly compared to whether the banks would not had reclassified their financial instruments. Tendencies found among the sample Nordic banks are that larger and less profitable banks used the possibility to reclassify financial instruments to a greater extent. Because none of the banks made losses on their choice to reclassify in 2008, the conclusion is that the opportunity given due to the amendments are mostly used by the banks to enhance the net income and the key ratio ROE. This shows that management decisions are short-term. This also indicates that the amendments may be misused by management to enhance current profit for their own benefit. The thesis also concludes that the departure from fair-value as the valuation method for financial instruments, due to recent massive critic, is unlikely.
Bokrová, Lenka. "Vývoj zahraničního zadlužení zemí východního rozšíření EU (90. léta až současnost)". Master's thesis, Vysoká škola ekonomická v Praze, 2007. http://www.nusl.cz/ntk/nusl-3883.
Pełny tekst źródłaThornley, Marc. "How New Zealand's non-mortgage, individual and household debt has grown since the 1990's looking at the demographic factors behind the debt and how it compares to other OECD countries : a dissertation project submitted to AUT University in partial fulfilment of the degree of Master of Social Policy , 2008 /". Click here to access this resource online, 2008. http://hdl.handle.net/10292/670.
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