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Author: Geoffrey Whittington Publisher: World Bank Publications ISBN: 9780821340219 Category : Business & Economics Languages : en Pages : 54
Book Description
World Bank Technical Paper No. 370. Local land users and officials often have conflicting perceptions of and responses to land degradation issues. This causes problems for officials in diagnosing and addressing the issue and is a major constraint on the successful implementation of policies and projects to address land degradation. This study looks at the perception and response gap between officials and land users in the diagnosis and remedy of land degradation. It also examines the dynamics of the loss of soil fertility and low productivity at the village level. The study's findings will help shape investment programs to enhance land productivity in Sub-Saharan Africa.
Author: Geoffrey Whittington Publisher: World Bank Publications ISBN: 9780821340219 Category : Business & Economics Languages : en Pages : 54
Book Description
World Bank Technical Paper No. 370. Local land users and officials often have conflicting perceptions of and responses to land degradation issues. This causes problems for officials in diagnosing and addressing the issue and is a major constraint on the successful implementation of policies and projects to address land degradation. This study looks at the perception and response gap between officials and land users in the diagnosis and remedy of land degradation. It also examines the dynamics of the loss of soil fertility and low productivity at the village level. The study's findings will help shape investment programs to enhance land productivity in Sub-Saharan Africa.
Author: Geoffrey Whittington Publisher: ISBN: Category : Languages : en Pages :
Book Description
Hyper-inflation can have a severe distortionary effect on the pattern of corporate finance which is apparent from company accounts. A simple algorithm, based upon the method of inflation accounting applied in Brazil, is developed and applied to the accounts of Turkish listed companies for the period 1982-90. The adjusted figures give a more plausible picture of corporate profitability and growth, and this suggests that the adjustment method is substantially successful. The financing patterns emerging from the adjusted data support the proposition of Singh and Hamid (1992) and Singh (1995) that (a)the corporate sector in developing countries tends to rely more on external finance than on internal finance for growth and (b), among the external sources of funds, it uses new share issues to a surprisingly high degree. Further adjustments to the measurement of the external finance variable for Turkey and other countries also support this proposition. This contradicts the quot;pecking orderquot; hypothesis, which suggests that retained profits are the preferred source of finance, and also runs contrary to the belief that the capital markets of developing countries are inadequate to support substantial corporate growth by external financing, including equity financing.
Author: Mr. Kangni R Kpodar Publisher: International Monetary Fund ISBN: 1616356154 Category : Business & Economics Languages : en Pages : 34
Book Description
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Author: Imad A. Moosa Publisher: World Scientific ISBN: 9814504920 Category : Business & Economics Languages : en Pages : 377
Book Description
This book addresses the topical issue of whether the current environment in the US and other major countries, where quantitative easing is used to boost the economy, is conducive to the emergence of hyperinflation. This is a controversial and highly debated issue. Using both economics and history, the author challenges the view that quantitative easing will not lead to hyperinflation and argues that hyperinflation, or at least high inflation, is likely to appear eventually. The book examines all the propositions put forward for and against the eventuality of hyperinflation in the US, using illustrations based on actual and simulated data. The analysis leads to the conclusion that the current fiscal position of the US government, particularly the levels of external debt and unfunded liabilities, will not be rectified without resorting to inflationary financing. The book would be useful not only for policy makers and economists but also for non-specialist observers.
Author: Mr.Stijn Claessens Publisher: International Monetary Fund ISBN: 1475561008 Category : Business & Economics Languages : en Pages : 66
Book Description
This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.
Author: Michael D. Bordo Publisher: University of Chicago Press ISBN: 0226066959 Category : Business & Economics Languages : en Pages : 545
Book Description
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author: M. Ayhan Kose Publisher: World Bank Publications ISBN: 1464815453 Category : Business & Economics Languages : en Pages : 403
Book Description
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.
Author: Geoffrey Whittington Publisher: Routledge ISBN: 1134223757 Category : Business & Economics Languages : en Pages : 534
Book Description
An important scholar in the history of accounting, Geoffrey Whittington's numerous articles cover a broad spectrum of the field and are both sharply insightful and extremely significant. He has made important contributions to the topics of inflation accounting, accounting theory and methodology and standard-setting, and he has conducted a number of valuable empirical studies. This remarkable collection pulls together essays and articles and encompasses his work on empirical studies based on company accounts, specification of empirical models, price change accounting, taxation and regulation, and regulation of accounting and auditing. Accompanied by a new introduction and conclusion, this significant volume will be extremely useful for historians of accounting as well as accountancy practitioners and researchers.
Author: Geoffrey Whittington
Author: Geoffrey Whittington
Author: Geoffrey Whittington
Author: Geoffrey Whittington
Author: Mr. Kangni R Kpodar
Author: Imad A. Moosa
Author: Milton Friedman
Author: Mr.Stijn Claessens
Author: Michael D. Bordo
Author: M. Ayhan Kose
Author: Geoffrey Whittington