Volatility of Development Aid : : From the Frying Pan into the Fire? / / A. Hamann, Ales Bulir

• Autore: Hamann A
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Descrizione fisica: 1 online resource (32 p.)
• Soggetto topico: Economic assistance; International economic relations; Exports and Imports; Finance: General; Foreign Exchange; Industries: Financial Services; Foreign Aid; General Financial Markets: Government Policy and Regulation; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; International economics; Finance; Currency; Foreign exchange; Aid flows; Development assistance; Procyclicality; Purchasing power parity; Loans; International relief; Financial risk management
• Soggetto geografico: United States
• Altri autori: BulirAles
• Note generali: "March 2006."
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: ""Contents""; ""I. INTRODUCTION""; ""II. VOLATILITY AND PREDICTABILITY OF AID: WHAT EXACTLY IS THE ISSUE?""; ""III. DATA AND MEASUREMENT ISSUES""; ""IV. MEASURING THE VARIABILITY OF AID: THREE APPROACHES""; ""V. CONCLUSIONS AND POLICY IMPLICATIONS""; ""REFERENCES""
• Sommario/riassunto: The positive impact of foreign aid is limited by the erratic behavior of aid flows. The introduction in 1999 of various initiatives anchored in Poverty Reduction Strategy Papers (PRSPs) which were aimed at strengthening coordination among donors, improving the design of financial support programs, and improving domestic records of policy implementation should have led to an improvement in the time series properties of aid flows. We find no evidence of any fundamental changes in the way aid has been delivered in the past five years. If anything, aid volatility has worsened somewhat and the information value of long-term lending commitments has declined. We take these results to mean that the main causes of the volatility and unpredictability of aid, and the broader issue of macroeconomic instability in low-income countries, have not been addressed in a systematic manner by the donor community.
• Titolo autorizzato: Volatility of Development Aid
• ISBN: 1-4623-6192-7; 1-4527-8445-0; 1-282-54117-X; 1-4519-0861-X; 9786613821959
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788526603321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/065