We employ a micro-founded and stock-and-flow-consistent model to study the impact of a higher leverage ratio on the South African economy. The model provides a rich representation of institutional balance sheets. The relationship between bank capital...
The six papers in this Special Issue to provide insights into advances in conceptualizing and measuring vulnerability, in particularly household vulnerability to poverty and country and regional vulnerability to external shocks. All of the papers...
Part of Journal Special Issue Economics of climate change impacts on developing countries
Use of migration tax as an instrument for financing development expenditure in poorer countries has received renewed attention recently and is evolving as an important subject of research in development economics. This paper discusses a related issue...
This paper argues that, if implemented in its current form, the new Basel Capital Accord will adversely effect developing sovereigns, corporates and banks wishing to borrow in international markets. This impact will result from the major banks’...
Panel data from villages in rural south India have been used for leading econometric studies on risk-sharing in village economies. The work has influenced debate on safety net design world-wide and has driven scholarly agendas on household economics...
Whilst traditional food security analysis offers an ex post view on who the food insecure are and why they are so, looking at food insecurity from a vulnerability perspective provides a dynamic and forward looking way of analysing causes and more...
We use public transfers in the form of food aid to test for the presence of risk sharing arrangements at the village level in rural Ethiopia. We reject perfect risk-sharing, but find evidence of partial risk-sharing via transfers. There is also...
Traditional poverty measures neglect several important dimensions of household welfare. In this paper we construct a measure of ‘vulnerability’ which allows us to quantify the welfare loss associated with poverty as well as the loss associated with...
9 May 2013 Tony Addison With May ending, we head into a very busy June for UNU-WIDER (and midsummer). Next week we are back in Stockholm at Sida for...
4 July 2013 Carl-Gustav Lindén In recent years the price of green energy technology has come down dramatically. This means that European investments...
Poor people in developing countries are often affected by droughts, floods, illness, crop failure, job loss, and economic downturns. Much of their energy goes into coping with these shocks and into day-to-day survival. While insurance and credit...
High income risk is part of life in developing countries. Climatic risks, economic fluctuations, but also a large number of individual-specific shocks make these households vulnerable to serious hardship. For example, details are given on the various...
Poor households with little or no wealth are particularly vulnerable to risks that reduce incomes and increase expenditures. This book addresses many of the risk-coping strategies for the rural poor, with a focus on micro level and household actions...
The level, tenor and instability of capital flows from global financial markets towards developing countries are a major source of concern for macroeconomic managers, while their causes remain largely unexplained by economic theory. Country...
In poor societies, asset accumulation serves as insurance. It also opens the door to wider inequality. Many societies prohibit certain types of accumulation, such as land sales or indenture contracts. This paper investigates the theoretical...
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