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Publications (38)
Journal Article
Reconstructing the financial system in countries affected by violent conflict is crucial to successful and broad-based recovery. Particularly important tasks include: currency reform, rebuilding (or creating) central banks, revitalising the banking sector, and strengthening prudential supervision...
– Seeking Stability for Emerging Economies
This collection analyses the new trends in capital flows to emerging markets since the Asian crisis, their determinants and policy implications. It explains why such flows have declined so dramatically in recent years, emphasising both structural and cyclical factors. Senior bankers, regulators and...
– Going Beyond Greed versus Grievance
Recent years have seen a surge of research into the causes of conflict together with its development effects, as well as the design of peace initiatives, peace-keeping and programmes of reconstruction, reconciliation and democratization in ‘post-conflict’ societies. This research deals with a highly...
Journal Article
Reducing or writing off the debts of the 41 heavily indebted poor countries (HIPCs) can potentially reduce social conflict by releasing resources from debt-service to enable governments to make fiscal transfers that lower the grievances of rebels (when conflict is partly rooted in grievances over...
Working Paper
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We argue that the conflicts in the Caucasus are the result of the abrogation by the elite of the earlier, Soviet era, social contract. This process was accompanied by the collapse of the formal economy; evidenced by huge national income compression, falling public goods provision, and growing...
Working Paper
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– The Regional Dimensions
Contemporary Africa reveals a range of causes, consequences and responses to conflicts which are increasingly interrelated as well as regional in character, as around the Great Lakes/Horn. Their economic and non-state features are undeniable, leading to some promising possibilities in terms of...
Working Paper
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– Economic Development, Public Policy and Conflict Containment
Conflicts within the Malaysian federation have been rooted in socio-economic disparities and the struggle for control of natural resource rents, which State Governments previously had exclusive control over, as originally provided for by the federal constitution. The advance of fiscal centralization...
Working Paper
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– The Collapse of the Oslo Accord
Since October 2000 Israel and the Palestinians of the West Bank and Gaza Strip have become entangled in a bloody confrontation. This paper focuses on the economic relationship between the Israeli economy and the Palestinian economy of the West Bank and Gaza Strip, and the ways in which this has...
Working Paper
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The paper studies the trend towards the use of securities as a vehicle to transfer capital to developing economies, and how it is linked to the increasing use of derivatives transactions in developing countries. It also provides a descriptive analysis of how each type of capital vehicle is...
Working Paper
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This paper explores the complementary use of two instruments to manage capital-account volatility in developing countries: capital-account regulations and counter-cyclical prudential regulation of domestic financial intermediaries. Capital-account regulations can provide useful instruments in terms...
Working Paper
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– An Overview
In this overview we try to explain, first, why funds continued to flow towards emerging economies while fundamentals in host countries had been deteriorating before the Asian crisis (rising external deficit, with a significant liquid component appreciating exchange rates; low capital formation...
Working Paper
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This paper addresses the nature of the demand schedule for emerging market assets in both its macroeconomic and microeconomic dimensions. The former is usually analysed in terms of the ‘push factors’ (such as interest rates or contagion) determining international capital flows; while the latter is...
Previous UNU-WIDER research has shown that the risk of internal conflict is high in low-income societies rich in natural resources and characterised by ethnic fragmentation. Yet for each country in conflict there are many others with similar characteristics that are at peace. Understanding why some...
Working Paper
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– Crossing the Border
This paper has two aims. The first is to provide some explanation for the extraordinary collapse in cross-border bank lending to developing countries which has taken place since 1997. The second is to argue that it might be too simplistic to characterize banks’ behaviour in the past few years as a...
Working Paper
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– The Experience of Latin America since the Tequila Crisis
The paper deals with changes in the regulation and supervision of the Latin American financial sector in the aftermath of the ‘Tequila Crisis’ of 1994–95. While it finds that both have improved, regulation and supervision cannot resolve all problems; good macroeconomic policy and performance are...
Working Paper
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– Water Flowing Uphill?
International bank lending is a major component of capital flows between advanced and emerging economies. However, in recent years these flows have been going the wrong way, like water flowing uphill. Even four years after the Asian crisis, there is a net flow of funds from emerging economies to...
Displaying 16 of 38 results