Informality Bureaucratic Control And Monetary Policy

Author : Adrian van Rixtel
Publisher : Cambridge University Press
Page : 418 pages
File Size : 46,7 Mb
Release : 2002-10-31
Category : Business & Economics
ISBN : 9781139437486

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Informality and Monetary Policy in Japan by Adrian van Rixtel Pdf

The success (and misfortunes) of the post-war Japanese economy has been one of the most debated points in modern economics. Many explanations focus on cultural and institutional factors, and in particular the role of 'Informality' (networks organizing business activity and government policy). Adrian van Rixtel, an economist at the European Central Bank, provides a quantitative and qualitative assessment of Informality in the formation of Japanese monetary policy. Having been based in Japan for three years, two years of which were spent at the Institute for Monetary and Economic Studies at the Bank of Japan and the Japanese Ministry of Finance, he is able to bring a unique 'insider-outsider' perspective to the subject.

Author : Franziska Ohnsorge,Shu Yu
Publisher : World Bank Publications
Page : 397 pages
File Size : 52,8 Mb
Release : 2022-02-09
Category : Business & Economics
ISBN : 9781464817540

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The Long Shadow of Informality by Franziska Ohnsorge,Shu Yu Pdf

A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.

Author : Jennifer Amyx
Publisher : Princeton University Press
Page : 392 pages
File Size : 43,6 Mb
Release : 2013-10-31
Category : Political Science
ISBN : 9781400849635

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Japan's Financial Crisis by Jennifer Amyx Pdf

At the beginning of the 1990s, a massive speculative asset bubble burst in Japan, leaving the nation's banks with an enormous burden of nonperforming loans. Banking crises have become increasingly common across the globe, but what was distinctive about the Japanese case was the unusually long delay before the government intervened to aggressively address the bad debt problem. The postponed response by Japanese authorities to the nation's banking crisis has had enormous political and economic consequences for Japan as well as for the rest of the world. This book helps us understand the nature of the Japanese government's response while also providing important insights into why Japan seems unable to get its financial system back on track 13 years later. The book focuses on the role of policy networks in Japanese finance, showing with nuance and detail how Japan's Finance Ministry was embedded within the political and financial worlds, how that structure was similar to and different from that of its counterparts in other countries, and how the distinctive nature of Japan's institutional arrangements affected the capacity of the government to manage change. The book focuses in particular on two intervening variables that bring about a functional shift in the Finance Ministry's policy networks: domestic political change under coalition government and a dramatic rise in information requirements for effective regulation. As a result of change in these variables, networks that once enhanced policymaking capacity in Japanese finance became "paralyzing networks"--with disastrous results.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 414 pages
File Size : 54,6 Mb
Release : 2021-07-23
Category : Business & Economics
ISBN : 9781513575919

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The Global Informal Workforce by International Monetary Fund Pdf

The Global Informal Workforce is a fresh look at the informal economy around the world and its impact on the macroeconomy. The book covers interactions between the informal economy, labor and product markets, gender equality, fiscal institutions and outcomes, social protection, and financial inclusion. Informality is a widespread and persistent phenomenon that affects how fast economies can grow, develop, and provide decent economic opportunities for their populations. The COVID-19 pandemic has helped to uncover the vulnerabilities of the informal workforce.

Author : Harry Huizinga,Sylvester C. W. Eijffinger
Publisher : Unknown
Page : 44 pages
File Size : 53,8 Mb
Release : 1999
Category : Banks and banking, Central
ISBN : UVA:X006018744

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Should Monetary Policy be Adjusted Frequently? by Harry Huizinga,Sylvester C. W. Eijffinger Pdf

Author : Luis Franjo,Nathalie Pouokam,Francesco Turino
Publisher : INTERNATIONAL MONETARY FUND
Page : 33 pages
File Size : 43,9 Mb
Release : 2020-09-25
Category : Business & Economics
ISBN : 1513557807

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Financial Frictions and Firm Informality: A General Equilibrium Perspective by Luis Franjo,Nathalie Pouokam,Francesco Turino Pdf

In this paper we build a model of occupational choice with informal production and progressive income taxation. We calibrate the model to the Brazilian economy to evaluate the impact of removing financial frictions on informality. We find that financial deepening leads to a drop in the size of the informal sector (from 37 percent to 22 percent of official GDP), to an increase in measured TFP (by 4 percent), to an increase in official GDP (by 27 percent), to a decrease in tax evasion (by 17 percent) and to an increase in fiscal revenues (by 15 percent). When assessing the response of this policy at different levels of financial development, we find a non-linear relationship between the credit-to-GDP ratio on the one hand, and either the size of the informal economy, or GDP per capita on the other hand. We test these features with cross-country data and find evidence in favor of both types of non-linearity. We also investigate changes in the income tax progressitivity as an alternative policy and find it to be more effective in countries with a medium to high level of financial markets development.

Author : Ceyhun Elgin
Publisher : Routledge
Page : 201 pages
File Size : 46,5 Mb
Release : 2020-07-30
Category : Business & Economics
ISBN : 9781000163810

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The Informal Economy by Ceyhun Elgin Pdf

The Informal Economy: Measures, Causes, and Consequences provides a comprehensive account of the economics of informality through the lenses of various economic perspectives. Although informal economic activity is widespread all around the world, many issues around its nature and consequences remain largely under-explored or unresolved. Most importantly, the evidence presented in the existing literature on informality has failed to generate a consensus on the measurements, causes, and effects of the informal sector among researchers. Most, if not all, of the empirical results are inconclusive or dependent on the nature of the dataset used in the analysis. This book aims to address that gap by exploring different definitions and measures of the informal economy, including different perspectives, then subjecting these measures to a battery of empirical tests to examine the determinants and effects of informality. Through this analysis and an extensive review of the literature, the book explores many of the economic, political, and social factors of the informal economy including the relationship between informality and the tax burden, tax enforcement, and institutional quality. This key text makes for compulsive reading to scholars and students interested in the informal or shadow economy.

Author : Cathy A. Rakowski
Publisher : SUNY Press
Page : 352 pages
File Size : 45,7 Mb
Release : 1994-01-01
Category : Business & Economics
ISBN : 0791419053

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Contrapunto by Cathy A. Rakowski Pdf

The informal sector denotes the small-scale, unprotected, and loosely regulated activities and self-employment that proliferate in developing countries. This book is about the people who engage in informal activities and the people who study, interpret, intervene in, promote, or attempt to repress or regulate the sector. The authors bring together and evaluate for the first time competing theories, policies, and research findings on the informal sector, dealing with issues of power, ideology, and politics; basic research, applied research, program evaluation, and policymaking; exploitation, entrepreneurship, and opportunity; and poverty and the accumulation of wealth.

Author : Basudeb Guha-Khasnobis,Ravi Kanbur,Elinor Ostrom
Publisher : Oxford University Press on Demand
Page : 313 pages
File Size : 44,7 Mb
Release : 2006-09-21
Category : Business & Economics
ISBN : 9780199204762

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Linking the Formal and Informal Economy by Basudeb Guha-Khasnobis,Ravi Kanbur,Elinor Ostrom Pdf

A collection of studies on formality and informality in developing countries, this volume contains contributions from anthropologists, economists, sociologists, and political scientists. It argues for moving beyond the formal-informal dichotomy, and offers information to develop guiding principles for intervention.

Author : Kokuritsu Kokkai Toshokan (Japan)
Publisher : Unknown
Page : 140 pages
File Size : 46,6 Mb
Release : 1999
Category : Japan
ISBN : UCSD:31822027670900

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Books on Japan in Western Languages Recently Acquired by the National Diet Library by Kokuritsu Kokkai Toshokan (Japan) Pdf

Author : Anonim
Publisher : Unknown
Page : 226 pages
File Size : 48,5 Mb
Release : 1998
Category : Economics
ISBN : IND:30000070069053

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Economic & Financial Computing by Anonim Pdf

Author : Rupert Hodder
Publisher : Routledge
Page : 286 pages
File Size : 50,9 Mb
Release : 2017-07-28
Category : Political Science
ISBN : 9781351297509

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Emotional Bureaucracy by Rupert Hodder Pdf

This study casts doubt on the classic model of bureaucracy and its relevance to developing areas. In particular, Hodder challenges the Weberian distinction between the role of emotion and a modern bureaucracy's impersonal and rational qualities. He suggests that bureaucracies function differently, and offers a different perspective. The focus is the Philippines, but Hodder's conclusions are applicable to other developing areas. Two main themes are discussed. The first explores the classic Weberian model of bureaucracy. The second concerns ways of thinking about the social features of bureaucracy. The focus is dimensions of bureaucracy that are less dependent upon structure. What emerges is an innovative description of the social world of bureaucracy and its attributes. Hodder observes that discussions with civil servants and politicians in developing countries suggest that deepening emotion, a strengthening sense of the importance of social relationships, and informality are vital to the emergence of professional and stable organizations. Hodder believes it is possible to account for these social features of bureaucracy by understanding participants' representations and practices. While these ideas are discussed in the context of the Philippines, they have wider relevance to other states, especially those whose bureaucracies are characterized as weak and personalistic. The author suggests that these characterizations, and possible remedies, may need to be reconsidered. He argues that through informality and emotion, effective and stable organizations can be built: excessive formalism may exacerbate the problems that governments of developing countries are trying to solve. The means to strengthen bureaucracies in developing countries are already available and, rather than be ignored or suppressed, need be identified and encouraged.

Author : Johannes Paulus Maria Sijm
Publisher : Purdue University Press
Page : 772 pages
File Size : 43,7 Mb
Release : 1997
Category : Political Science
ISBN : STANFORD:36105073132255

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Food Security and Policy Interventions in Sub-Saharan Africa by Johannes Paulus Maria Sijm Pdf

Discusses the incidence and causes of national and household food insecurity, and analyses how policy interventions have affected food security.

Author : Rose Arny
Publisher : Unknown
Page : 1816 pages
File Size : 48,7 Mb
Release : 2003
Category : American literature
ISBN : UOM:39015054026961

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Forthcoming Books by Rose Arny Pdf

Author : World Bank Group
Publisher : World Bank Publications
Page : 470 pages
File Size : 45,8 Mb
Release : 2019-02-12
Category : Business & Economics
ISBN : 9781464813863

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Global Economic Prospects, January 2019 by World Bank Group Pdf

The outlook for the global economy has darkened. Global financing conditions have tightened, industrial production has moderated, trade tensions have intensified, and some large emerging market and developing economies have experienced significant financial market stress. Faced with these headwinds, the recovery in emerging market and developing economies has lost momentum. Downside risks have become more acute and include the possibility of disorderly financial market movements and an escalation of trade disputes. Debt vulnerabilities in emerging market and developing economies, particularly low-income countries, have increased. More frequent severe weather events would raise the possibility of large swings in international food prices, which could deepen poverty. In this difficult environment, it is of paramount importance for emerging market and developing economies to rebuild policy buffers while laying a stronger foundation for future growth by boosting human capital, promoting trade integration, and addressing the challenges associated with informality,