World Bank's Adjustment Lending Policy 1980-1989

World Bank's Adjustment Lending Policy 1980-1989

Author: Neda Saburi-Haghighi

Publisher:

Published: 1991

Total Pages: 282

ISBN-13:

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The World Bank's policy of structural adjustment was analyzed to test the utility of a qualitative technique, textual analysis, for assessing the coherence of the formulation and implementation of public policy. This treatise provides an approach for examining the various components of an articulated policy. It especially evaluates the coherence of the socio-political themes as they were reflected within selected official internal documents used by the Bank during the years 1980-1989, to examine the Bank's policy and general approach as it was exhibited towards the regions of Africa, Latin America, and the Caribbean. The adopted methodology, based upon the sociology of knowledge, developed a cognitively based system for coding verbal protocols or social knowledge (meanings, perceptions, and biases). In practice, the methodology transforms textual information into a set of conceptual maps through the use of computer-assisted techniques. The methodology related social (geographical proximity) within cognitive (Bank loan agreement) data at multiple points in time. The maps were then combined to demonstrate differences and similarities within their shared knowledge. Some of the resulting conclusions were that the World Bank's policy has changed over time and its ideological framework has shifted from an emphasis on basic needs, (1980-1985) and to the encouraging of efficiency and acknowledgment to a reduction of the social costs of adjustment and assistance to vulnerable groups (1985-1989). Attention to individual country political systems, their environment, and their ability to absorb the "shock" and timeliness of the policy's implementation has increased over time; this was reflected within the Bank's efforts to incorporate the input of governments within the process of adjustment, especially in the latter part of the decade. Also, the policy varied as a function of its targeted regions of implementation, yet countries within each region were treated uniquely. When technique is employed in conjunction with quantitative data, such as demographic changes, it can be used to explore potential changes within a country or region through the use of computer simulation. The general approach of data collection, data structuring, and information activity and analysis produced a toolkit for conducting cost-effective and highly valid analyses of qualitative social research.


Book Synopsis World Bank's Adjustment Lending Policy 1980-1989 by : Neda Saburi-Haghighi

Download or read book World Bank's Adjustment Lending Policy 1980-1989 written by Neda Saburi-Haghighi and published by . This book was released on 1991 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Bank's policy of structural adjustment was analyzed to test the utility of a qualitative technique, textual analysis, for assessing the coherence of the formulation and implementation of public policy. This treatise provides an approach for examining the various components of an articulated policy. It especially evaluates the coherence of the socio-political themes as they were reflected within selected official internal documents used by the Bank during the years 1980-1989, to examine the Bank's policy and general approach as it was exhibited towards the regions of Africa, Latin America, and the Caribbean. The adopted methodology, based upon the sociology of knowledge, developed a cognitively based system for coding verbal protocols or social knowledge (meanings, perceptions, and biases). In practice, the methodology transforms textual information into a set of conceptual maps through the use of computer-assisted techniques. The methodology related social (geographical proximity) within cognitive (Bank loan agreement) data at multiple points in time. The maps were then combined to demonstrate differences and similarities within their shared knowledge. Some of the resulting conclusions were that the World Bank's policy has changed over time and its ideological framework has shifted from an emphasis on basic needs, (1980-1985) and to the encouraging of efficiency and acknowledgment to a reduction of the social costs of adjustment and assistance to vulnerable groups (1985-1989). Attention to individual country political systems, their environment, and their ability to absorb the "shock" and timeliness of the policy's implementation has increased over time; this was reflected within the Bank's efforts to incorporate the input of governments within the process of adjustment, especially in the latter part of the decade. Also, the policy varied as a function of its targeted regions of implementation, yet countries within each region were treated uniquely. When technique is employed in conjunction with quantitative data, such as demographic changes, it can be used to explore potential changes within a country or region through the use of computer simulation. The general approach of data collection, data structuring, and information activity and analysis produced a toolkit for conducting cost-effective and highly valid analyses of qualitative social research.


The IMF and the Silent Revolution

The IMF and the Silent Revolution

Author: Mr.James M. Boughton

Publisher: International Monetary Fund

Published: 2000-09-11

Total Pages: 68

ISBN-13: 9781557759702

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This pamphlet is adapted from Chapter 1 of Silent Revolution: The International Monetary Fund, 1979-89, by the same author. That book is full of history of the evolution of the Fund during 11 years in which the institution truly came of age as a participant in the international financial system.


Book Synopsis The IMF and the Silent Revolution by : Mr.James M. Boughton

Download or read book The IMF and the Silent Revolution written by Mr.James M. Boughton and published by International Monetary Fund. This book was released on 2000-09-11 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pamphlet is adapted from Chapter 1 of Silent Revolution: The International Monetary Fund, 1979-89, by the same author. That book is full of history of the evolution of the Fund during 11 years in which the institution truly came of age as a participant in the international financial system.


Global Waves of Debt

Global Waves of Debt

Author: M. Ayhan Kose

Publisher: World Bank Publications

Published: 2021-03-03

Total Pages: 403

ISBN-13: 1464815453

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The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.


Book Synopsis Global Waves of Debt by : M. Ayhan Kose

Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.


Prevention and Resolution of Sovereign Debt Crises

Prevention and Resolution of Sovereign Debt Crises

Author: Ms.Julianne Ams

Publisher: INTERNATIONAL MONETARY FUND

Published: 2018-09-13

Total Pages: 22

ISBN-13: 9781484371329

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“The IMF’s Role in the Prevention and Resolution of Sovereign Debt Crises” provides a guided narrative to the IMF’s policy papers on sovereign debt produced over the last 40 years. The papers are divided into chapters, tracking four historical phases: the 1980s debt crisis; the Mexican crisis and the design of policies to ensure adequate private sector involvement (“creditor bail-in”); the Argentine crisis and the search for a durable crisis resolution framework; and finally, the global financial crisis, the Eurozone crisis, and their aftermaths.


Book Synopsis Prevention and Resolution of Sovereign Debt Crises by : Ms.Julianne Ams

Download or read book Prevention and Resolution of Sovereign Debt Crises written by Ms.Julianne Ams and published by INTERNATIONAL MONETARY FUND. This book was released on 2018-09-13 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: “The IMF’s Role in the Prevention and Resolution of Sovereign Debt Crises” provides a guided narrative to the IMF’s policy papers on sovereign debt produced over the last 40 years. The papers are divided into chapters, tracking four historical phases: the 1980s debt crisis; the Mexican crisis and the design of policies to ensure adequate private sector involvement (“creditor bail-in”); the Argentine crisis and the search for a durable crisis resolution framework; and finally, the global financial crisis, the Eurozone crisis, and their aftermaths.


The Japanese Banking Crisis of the 1990's

The Japanese Banking Crisis of the 1990's

Author: Mr.Akihiro Kanaya

Publisher: International Monetary Fund

Published: 2000-01-01

Total Pages: 48

ISBN-13: 1451842406

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For a large part of the past decade, Japan has witnessed a steady deterioration in the health of its banking system. This paper examines what went wrong and why it has taken so long for the system to recover. While the paper traces the roots of the crisis to accelerated deregulation and deepening of capital markets without an appropriate adjustment in the regulatory framework, it identifies weak corporate governance and regulatory forbearance as the two factors behind what might have been an unnecessary prolongation of the distress of the financial system.


Book Synopsis The Japanese Banking Crisis of the 1990's by : Mr.Akihiro Kanaya

Download or read book The Japanese Banking Crisis of the 1990's written by Mr.Akihiro Kanaya and published by International Monetary Fund. This book was released on 2000-01-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: For a large part of the past decade, Japan has witnessed a steady deterioration in the health of its banking system. This paper examines what went wrong and why it has taken so long for the system to recover. While the paper traces the roots of the crisis to accelerated deregulation and deepening of capital markets without an appropriate adjustment in the regulatory framework, it identifies weak corporate governance and regulatory forbearance as the two factors behind what might have been an unnecessary prolongation of the distress of the financial system.


History of the Eighties

History of the Eighties

Author:

Publisher:

Published: 1997

Total Pages: 594

ISBN-13:

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Download or read book History of the Eighties written by and published by . This book was released on 1997 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt:


The Chicago Plan Revisited

The Chicago Plan Revisited

Author: Mr.Jaromir Benes

Publisher: International Monetary Fund

Published: 2012-08-01

Total Pages: 71

ISBN-13: 1475505523

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At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.


Book Synopsis The Chicago Plan Revisited by : Mr.Jaromir Benes

Download or read book The Chicago Plan Revisited written by Mr.Jaromir Benes and published by International Monetary Fund. This book was released on 2012-08-01 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.


World Bank Adjustment Lending and Economic Performance in Sub-Saharan Africa in the 1980s

World Bank Adjustment Lending and Economic Performance in Sub-Saharan Africa in the 1980s

Author: Ibrahim Elbadawi

Publisher: World Bank Publications

Published: 1994

Total Pages: 104

ISBN-13:

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Book Synopsis World Bank Adjustment Lending and Economic Performance in Sub-Saharan Africa in the 1980s by : Ibrahim Elbadawi

Download or read book World Bank Adjustment Lending and Economic Performance in Sub-Saharan Africa in the 1980s written by Ibrahim Elbadawi and published by World Bank Publications. This book was released on 1994 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:


The Federal Reserve System Purposes and Functions

The Federal Reserve System Purposes and Functions

Author: Board of Governors of the Federal Reserve System

Publisher:

Published: 2002

Total Pages: 0

ISBN-13: 9780894991967

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Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.


Book Synopsis The Federal Reserve System Purposes and Functions by : Board of Governors of the Federal Reserve System

Download or read book The Federal Reserve System Purposes and Functions written by Board of Governors of the Federal Reserve System and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.


Economic Growth in the 1990s

Economic Growth in the 1990s

Author: World Bank

Publisher: World Bank Publications

Published: 2005

Total Pages: 384

ISBN-13: 9780821360439

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This report was prepared by a team led by Roberto Zagha, under the general direction of Gobind Nankani.


Book Synopsis Economic Growth in the 1990s by : World Bank

Download or read book Economic Growth in the 1990s written by World Bank and published by World Bank Publications. This book was released on 2005 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report was prepared by a team led by Roberto Zagha, under the general direction of Gobind Nankani.