Ideas to Action:

Independent research for global prosperity

Publications

 

October 7, 2010

Austerity and the IMF

Kenneth Rogoff delivers the Fifth Annual Richard H. Sabot Lecture on April 12, 2010.

Kenneth Rogoff
June 8, 2010

Proposal for an IDA Blended Financing Facility (Policy Memo)

Against the backdrop of the fast approaching Millennium Development Goals deadline, World Bank shareholders have an opportunity to dramatically increase resources available for the poorest, most vulnerable countries. By better leveraging the IBRD’s balance sheet for creditworthy blend and hardened term countries, IDA could have provided up to an additional $7.5 billion for IDA-only countries during the IDA-15 period.

February 8, 2010

Financial Integration and Foreign Banks in Latin America: Do They Amplify External Financial Shocks? - Working Paper 203

This paper explores the impact of international financial integration on credit markets in Latin America. The overall effect is positive, but the foreign banks do tend to amplify the impact of foreign shocks on credit and interest rates. Important policy recommendations include ring-fencing mechanisms, early-warning systems, and the incorporation for agreements between domestic and foreign supervisors.