In the aftermath of the global financial crisis, it is hard to find any macroeconomic policy report that does not include some reference to financial stability or systemic risk and the resulting need for "macroprudential policies." While there is a large and growing literature on macroprudential policies and financial stability, less attention has been paid to how macroprudential policies may facilitate macroeconomic stabilization in the presence of large capital flows. To fill such a gap, this report looks at the use of reserve requirements (RR) as a macroprudential tool. Its findings should...
In the aftermath of the global financial crisis, it is hard to find any macroeconomic policy report that does not include some reference to financial ...
This book considers how emerging economies around the world face the challenge of building good institutions and effective governance, since so much of economic development depends on having these in place. The promotion of shared prosperity and the battle against poverty require interventions to reach out to the poor and the disadvantaged. Yet time and again we have seen such effort foild or diminished by corruption and leakage.
The creation of good governance and institutions and structures to combat corruption require determination and passion but also intricate design...
This book considers how emerging economies around the world face the challenge of building good institutions and effective governance, since so muc...
Yet time and again we have seen such effort foild or diminished by corruption and leakage. The creation of good governance and institutions and structures to combat corruption require determination and passion but also intricate design rooted in data, analysis, and research.
Yet time and again we have seen such effort foild or diminished by corruption and leakage. The creation of good governance and institutions and struct...
