Basel II and developing countries: sailing through the sea of standards
In: Policy research working paper 3387
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In: Policy research working paper 3387
In: Children & young people now, Band 2024, Heft 7, S. 43-43
ISSN: 2515-7582
Barrister Andrew Powell from 4PB explains why the use of deprivation of liberty orders has risen sharpy in recent years and the problems that creates for the children and young people involved
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There are two similarities between the utility privatization programs of the UK and Latin America. Privatization has largely consisted of the transfer of industry-dominant, state companies into the private sector, often with statutory monopoly powers. In addition, the extensive use of price cap rather than rate-of-return regulation. A difference is that, arguably, the UK tried to create a fair but flexible regulatory policy by establishing a set of individual industry regulators somewhat independent from the government with considerable discretionary powers.
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In: The Economic Journal, Band 103, Heft 417, S. 444
In: The Economic Journal, Band 101, Heft 409, S. 1485
In: Oxford review of economic policy, Band 5, S. 69-87
ISSN: 0266-903X
In: Oxford review of economic policy, Band 5, Heft 4, S. 69-87
ISSN: 1460-2121
In: Journal of international economics, Band 132, S. 103491
ISSN: 0022-1996
In: World Bank Policy Research Working Paper No. 8941
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Working paper
In: Economia: journal of the Latin American and Caribbean Economic Association, Band 15, Heft 2, S. 1-37
ISSN: 1533-6239
In: IDB Working Paper No. IDB-WP-326
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Working paper
The literature on aid effectiveness has focused more on recipient policies than the determinants of aid allocation yet a consistent result is that political allies obtain more aid from donors than non-allies. This paper shows that aid allocated to political allies is ineffective for growth, whereas aid extended to countries that are not allies is highly effective. The result appears to be robust across different specifications and estimation techniques. In particular, new methods are employed to control for endogeneity. The paper suggests that aid allocation should be scrutinized carefully to make aid as effective as possible.
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Why would bilateral donors intermediate aid through a multilateral and not extend aid directly? This paper suggests a trade-off: multiple bilateral donors for each recipient may imply coordination and strategic problems but intermediating through a multilateral may dilute individual donor objectives. The paper conducts traditional panel and truly bilateral regressions with bilateral-pair, fixed effects to model aid allocation decisions. The results confirm that politics is important for bilateral donors but also that aid fragmentation and strategic behavior affect aid allocation. Multilaterals solve strategic and coordination problems between donors and, while politics remains significant, there is some evidence for a dilution of this effect.
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