By Mansoob Murshed
ISBN-10: 020345152X
ISBN-13: 9780203451526
ISBN-10: 0415288509
ISBN-13: 9780415288507
This wonderful new e-book comprises contributions from a few major specialists and is the results of the UNU/WIDER undertaking on globalization and low-income nations. The dialogue focuses in on tips on how to harness globalization for the advantage of contemporary marginalized nations and improve their significant participation within the globalization approach. very important examining for college kids and teachers drawn to improvement economics, this assortment also will turn out a useful instrument for policy-makers.
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Extra info for Globalization, Marginalization and Development
Sample text
Jr. and Klingebiel, D. (1996a) ‘Bank Insolvencies: Cross–Country Experience’, World Bank Policy Research Working Paper No. 1620, Washington, DC: World Bank. Caprio, G. Jr. and Klingebiel, D. ’, Proceedings of the Annual World Bank Conference on Development Economics, Washington, DC: World Bank. Caprio, G. Jr. H. htm. Carey, M. (2000) ‘Dimensions of Credit Risk and their Relationship to Economic Capital Requirements’, NBER Working Paper No. 7629, Cambridge, MA: National Bureau of Economic Research.
A third is, increasing the monitoring efforts of depositors through a co-insurance rule, where depositors face a deductible in their insured funds, for example, 25 per cent of their deposit. The advantage of this instrument is that it reduces moral hazard associated with deposit insurance. Unfortunately, the ability of depositors to influence bank behaviour is seriously contestable even in developed countries. Finally, the idea that the banking sector in LDCs form longterm mutual ties with each other, resulting in self-policing arrangements (Bossone and Promisel 1998) may not always be realistic.
B Counted from Kaminsky and Reinhart (1996) with the addition of one count for Indonesia, Thailand, Malaysia, South Korea and the Philippines due to the recent Asian crisis. c Caprio and Klingebiel (1996a). d Merrill Lynch (1999). e Edey and Hviding (1995). Financial sector regulation 23 contract enforcement, rule of law and transparency for a strong banking sector, both in liberalized and unliberalized financial systems. In fact, studies on the causes of Mexican and Asian crises have shown a shift in conventional wisdom from emphasizing macroimbalances to weaknesses in the financial sector.
Globalization, Marginalization and Development by Mansoob Murshed
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