Download or read book Discerning Good from Bad Credit Booms written by Mr.Giovanni Dell'Ariccia and published by International Monetary Fund. This book was released on 2020-02-12 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Credit booms are a focal point for policymakers and scholars of financial crises. Yet our understanding of how the real sector behaves during booms, and why some booms may go bad, is limited. Despite a large and growing body of literature, most of the work has focused on aggregate economic activity, and relatively little is known about which industries benefit and which suffer during these episodes. This note aims to fill this gap by analyzing disaggregated output and employment data in a large sample of advanced and emerging market economies between 1970 and 2014.

Download or read book Liquidity Choice and Misallocation of Credit written by Mr.Ehsan Ebrahimy and published by International Monetary Fund. This book was released on 2019-12-20 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies a novel type of misallocation of credit between investments of varying liquidity. One type of investment is more liquid, i.e., its return is more pledgeable, and the other is more productive. Low liquidities of both investment types imply that the allocation of credit is constrained inefficient and that there is overinvestment in the liquid type. Constrained inefficient equilibria feature non-positive, i.e., one less than or equal the economy’s growth rate, and yet too high interest rate, too much investment and too little consumption. Financial development can reduce long-term welfare and output in a constrained inefficient equilibrium if it raises the liquidity of the liquid type. I show a maximum liquid asset ratio or a simple debt tax can achieve constrained efficiency. Introducing government bonds can make Pareto improvement whenever it does not raise the interest rate.

Download or read book Economic Scarring Channels and Policy Implications written by Mrs. Nujin Suphaphiphat and published by International Monetary Fund. This book was released on 2022-12-09 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper documents the existence of medium-to-long term output losses following large crises using panel data that cover 192 countries from 1970 to 2015 and shows that the magnitudes of economic scarring depend on the nature of the shock, economic activity, and pre-crisis conditions. It also provides a thorough review of potential channels that can lead to scarring and presents novel empirical evidence on the significance of supply-side channels using cross-country sectoral-level data. Finally, the paper discusses policy implications based on the empirical findings.

Download or read book Financial and Business Cycles Shall We Dance written by Gregorio Impavido and published by International Monetary Fund. This book was released on 2024-08-23 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of financial cycle proxies in refining available estimates of the business cycle in Kazakhstan. It contributes to the existing literature by introducing a formal test for the stability of the mean of exogenous variables in the estimation set up, and by developing a self-contained statistical package to streamline the whole estimation process. The empirical strategy is designed to be parsimonious, aiming to avoid the pitfalls associated with overly complex models while achieving comparable results. Results have implications for the extent with which the authorities should manage the business and financial cycles, with which policies, for macroprudential policy calibration, and for the usefulness for policymaking of endsample estimates of the cycle.

Download or read book Toward Safer and More Productive Migration for South Asia written by S. Amer Ahmed and published by World Bank Publications. This book was released on 2022-06-10 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: International migration for temporary employment is key to South Asia’s development path, in terms of both jobs and remittance flows. Overseas markets are a critical source of employment for South Asian economies that may not be able to absorb workers sufficiently or quickly enough into the domestic labor market. Migrant workers typically experience wage gains of at least three times their earnings back home, in addition to acquiring new skills and accumulating savings that can be used to start up entrepreneurial activities upon returning home. Remittances sent by migrants while abroad also boost household consumption and support macroeconomic stability in countries of origin. However, multiple challenges exist that prevent migration from achieving its full development potential. These challenges include high monetary costs, information gaps on employment opportunities in destination countries, a lack of protection while abroad, and high concentrations of migrants in few sectors and destinations. These often prevent the poorest from migrating overseas and may place those who actually migrate in situations of considerable vulnerability. Building on rigorous analytics, this book highlights policy actions that can be taken at all stages of the migration life cycle, including after return, to minimize the risks and maximize the benefits of migration for migrants themselves, their families, and the home economy. The book provides policy options to address information gaps on employment opportunities overseas at the departure stage, to prepare migrants adequately for their experience overseas, to diversify destinations and occupations abroad, and to maximize the benefits of return migration.

Download or read book What Shapes Current Account Adjustment During Recessions written by Ms. Christina Kolerus and published by International Monetary Fund. This book was released on 2021-07-30 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the dynamics of external accounts during 278 economic recession events in the past 60 years and sheds light on key factors that shape these patterns. Economic recessions trigger highly-persistent increases in the current account, driven by an initial, sharp decline in investment and fueled by medium term deleveraging, more so in advanced economies than in emerging markets. The strengthening of the current account is more pronounced when internal and external imbalances are present, and less when recessions are synchronized across countries. During severe natural disasters or epidemics, however, current accounts tend to weaken in the short term. Consistent with these findings, the COVID-19 shock, with comparatively moderate pre-existing imbalances yet high synchronization, had a muted effect on current account balances. The compositional changes, however, were unique and driven by unprecedented policy intervention, with record public dissaving more than offsetting exceptional private saving.

Download or read book External Sector Report 2021 written by INTERNATIONAL MONETARY FUND. and published by International Monetary Fund. This book was released on 2021-08-02 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: Produced since 2012, the IMF’s annual External Sector Report analyzes global external developments and provides multilaterally consistent assessments of external positions, including current accounts, real exchange rates, external balance sheets, capital flows, and international reserves, of the world’s largest economies, representing over 90 percent of global GDP. Chapter 1 discusses the evolution of global external positions in 2020, external developments throughout the COVID-19 crisis, and policy priorities for reducing excess imbalances over the medium term. Chapter 2 analyzes how the unprecedented fiscal support provided in response to the COVID-19 crisis has affected external positions at the individual and global level. It also focuses on how withdrawal of such support will impact external positions in the medium term. Chapter 3, “Individual Economy Assessments,” provides details on the different aspects of the overall external assessment and associated policy recommendations for 30 economies. This year’s report and associated external assessments are based on the latest vintage of the External Balance Assessment (EBA) methodology and on data and IMF staff projections as of June 30, 2021.

Download or read book Discerning God s Will Together written by Danny E. Morris and published by Rowman & Littlefield. This book was released on 2012-08-15 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bible study, research, and fieldwork merge in this book of practical principles for decision making by spiritual discernment. The step-by-step approach can be used to help any size group learn a new way to make decisions--a way that is interactive, spiritual, and rooted in faith practices and community. Small groups, committees, church boards, church leaders at all levels, and seminary professors will find this book valuable. This is a revised and updated version of the book, originally published in 1997. This new version inclused revised and updated material, as well as a new introduction by Charles Olsen.

Download or read book Discernment written by Henri J. M. Nouwen and published by Harper Collins. This book was released on 2013-06-25 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discernment: Reading the Signs of Daily Life features the wisdom that spiritual leader and counselor Henri J. M. Nouwen brought to the essential question asked by every Christian and seeker: What should I do with my life? Nouwen emphasizes listening to the Word of God—in our hearts, in the Bible, in the community of faith, and in the voice of the poor as a way to discern God’s plan. Although the late Henri J. M. Nouwen counseled many people during his lifetime, his principles of discernment were never collected into a single volume. Now, in association with the Nouwen Legacy Trust, Michael Christensen—one of Nouwen’s longtime students—and Rebecca Laird have taken his coursework, journals, and unpublished writings to create this and other books in the series exploring God’s will for your life.

Download or read book Discerning the Voice of God written by Priscilla Shirer and published by Moody Publishers. This book was released on 2012-01-01 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: OVER 350,000 COPIES SOLD! Do you feel that the ability to hear God's voice is for other people and not for you? Is it only for people who lived in Biblical times? Not at all! The God who loved you enough to die for you loves you enough to talk to you. And wherever you are in your spiritual walk, God will find a way to speak to you in a way you will understand. Become acquainted with the Voice that has spoken from a fire and a cloud, with visible signs and an invisible Spirit, through a burning bush and burning hearts. Hear from some of the most well known Christians in history about how God speaks to them, and discover for yourself how you can discern the voice of God. One of Priscilla’s bestselling titles, Discerning the Voice of God is now completely revised with updated content and reflection questions. Each section contains insights that will aid you in your desire to hear Him speak. Discover the treasure of recognizing how God keeps in touch with his beloved people.

Download or read book Discerning the Will of God written by Timothy M. Gallagher and published by Crossroad Publishing. This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing from the timeless methods of Saint Ignatius of Loyola, this thoughtful meditation is enriched with examples and stories that offer practical and profound wisdom for aligning personal desires and goals with God's will.

Download or read book Difficult Men written by Brett Martin and published by Penguin. This book was released on 2014-07-29 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 10th anniversary edition, now with a new preface by the author "A wonderfully smart, lively, and culturally astute survey." - The New York Times Book Review "Grand entertainment...fascinating for anyone curious about the perplexing miracles of how great television comes to be." - The Wall Street Journal "I love this book...It's the kind of thing I wish I'd been able to read in film school, back before such books existed." - Vince Gilligan, creator of Breaking Bad and co-creator of Better Call Saul In the late 1990s and early 2000s, the landscape of television began an unprecedented transformation. While the networks continued to chase the lowest common denominator, a wave of new shows on cable channels dramatically stretched television’s narrative inventiveness, emotional resonance, and creative ambition. Combining deep reportage with critical analysis and historical context, Brett Martin recounts the rise and inner workings of this artistic watershed - a golden age of TV that continues to transform America's cultural landscape. Difficult Men features extensive interviews with all the major players - including David Chase (The Sopranos), David Simon and Ed Burns (The Wire), David Milch (NYPD Blue, Deadwood), Alan Ball (Six Feet Under), and Vince Gilligan (Breaking Bad, Better Call Saul) - and reveals how television became a truly significant and influential part of our culture.

Download or read book The Magician s Land written by Lev Grossman and published by Penguin. This book was released on 2014-08-05 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lev Grossman’s new novel THE BRIGHT SWORD will be on sale July 2024 The stunning #1 New York Times bestselling conclusion to the Magicians trilogy A NEW YORK TIMES NOTABLE BOOK OF THE YEAR ONE OF THE YEAR’S BEST BOOKS • The San Francisco Chronicle • Salon • The Christian Science Monitor • AV Club • Buzzfeed • Kirkus • NY 1 • Bustle • The Globe and Mail Quentin Coldwater has been cast out of Fillory, the secret magical land of his childhood dreams. With nothing left to lose he returns to where his story began, the Brakebills Preparatory College of Magic. But he can’t hide from his past, and it’s not long before it comes looking for him. Along with Plum, a brilliant young undergraduate with a dark secret of her own, Quentin sets out on a crooked path through a magical demimonde of gray magic and desperate characters. But all roads lead back to Fillory, and his new life takes him to old haunts, like Antarctica, and to buried secrets and old friends he thought were lost forever. He uncovers the key to a sorcery masterwork, a spell that could create magical utopia, a new Fillory—but casting it will set in motion a chain of events that will bring Earth and Fillory crashing together. To save them he will have to risk sacrificing everything. The Magician’s Land is an intricate thriller, a fantastical epic, and an epic of love and redemption that brings the Magicians trilogy to a magnificent conclusion, confirming it as one of the great achievements in modern fantasy. It’s the story of a boy becoming a man, an apprentice becoming a master, and a broken land finally becoming whole.

Download or read book BEACH BOOKS Boxed Set The Greatest Romance Classics Of All Time written by Louisa May Alcott and published by e-artnow. This book was released on 2020-06-17 with total page 12065 pages. Available in PDF, EPUB and Kindle. Book excerpt: e-artnow offers you this warm and meticulously edited collection for these stressful times:_x000D_ Romeo & Juliet by William Shakespeare (Play)_x000D_ Romeo & Juliet (Prose Version) _x000D_ Evelina (Fanny Burney)_x000D_ Camilla (Fanny Burney)_x000D_ Pride and Prejudice (Jane Austen)_x000D_ Sense and Sensibility (Jane Austen)_x000D_ Mansfield Park (Jane Austen)_x000D_ Emma (Jane Austen)_x000D_ Persuasion (Jane Austen)_x000D_ The Sorrows of Young Werther (Goethe)_x000D_ Jane Eyre (Charlotte Brontë)_x000D_ Villette (Charlotte Brontë)_x000D_ Wuthering Heights (Emily Brontë)_x000D_ The Tenant of Wildfell Hall (Anne Brontë)_x000D_ The Red and the Black (Stendhal)_x000D_ Lorna Doone (R.D. Blackmore)_x000D_ Dangerous Liaisons (Pierre Choderlos de Laclos)_x000D_ The Portrait of a Lady (Henry James)_x000D_ The Wings of the Dove (Henry James)_x000D_ Scarlet Letter (Nathaniel Hawthorne)_x000D_ Adam Bede (George Eliot)_x000D_ Anna Karenina (Leo Tolstoy)_x000D_ Far from the Madding Crowd (Thomas Hardy)_x000D_ Tess of the d'Urbervilles (Thomas Hardy)_x000D_ North and South (Elizabeth Gaskell)_x000D_ Wives and Daughters (Elizabeth Gaskell)_x000D_ The Age of Innocence (Edith Wharton)_x000D_ Little Women (Louisa May Alcott)_x000D_ An Old-Fashioned Girl (Louisa May Alcott)_x000D_ The Lady of the Camellias (Alexandre Dumas)_x000D_ The House of a Thousand Candles (Meredith Nicholson)_x000D_ Great Expectations (Charles Dickens)_x000D_ The Phantom of the Opera (Gaston Leroux)_x000D_ A Room with a View (E. M. Forster)_x000D_ The Beautiful and Damned (F. Scott Fitzgerald)_x000D_ Jennie Gerhardt (Theodore Dreiser)_x000D_ Ann Veronica (H. G. Wells)_x000D_ The Enchanted Barn (Grace Livingston Hill)_x000D_ The Girl from Montana (Grace Livingston Hill)_x000D_ The Miranda Trilogy (Grace Livingston Hill)_x000D_ Marcia Schuyler _x000D_ Phoebe Deane_x000D_ Miranda_x000D_ The Agony Column (Earl DerrBiggers)_x000D_ The Bride of Lammermoor (Walter Scott)_x000D_ Night and Day (Virginia Woolf)_x000D_ Affairs of State (Burton Egbert Stevenson)_x000D_ Jill the Reckless (P.G. Wodehouse)_x000D_ The Black Moth (Georgette Heyer)_x000D_ The Transformation of Philip Jettan (Georgette Heyer)_x000D_ And Both Were Young (Madeleine L'Engle)_x000D_ Penny Plain (O. Douglas)_x000D_ The Awakening (Kate Chopin)

Download or read book The Call to Discernment in Troubled Times written by Dean Brackley and published by Herder & Herder. This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fr. Brackley uses the timeless insights of Ignatious to explain a genuine spiritual methodology: True ways of decision making for living better, more fulfilled lives.

Download or read book Books and the Sciences in History written by Marina Frasca-Spada and published by Cambridge University Press. This book was released on 2000-11-02 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, published in 2000, examines the intersection between science and books from early medieval times to the nineteenth century.

Download or read book The Greatest Children s Books E Nesbit Collection Fantastical Adventures Tales of Magical Creatures Journeys into Enchanting Worlds Illustrated written by Edith Nesbit and published by Good Press. This book was released on 2024-01-15 with total page 3144 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 'The Greatest Children's Books - E. Nesbit Collection', readers are treated to a delightful assortment of fantastical adventures, tales of magical creatures, and journeys into enchanting worlds. Edith Nesbit's literary style is characterized by a combination of whimsical storytelling and rich imagination, making her a beloved author of children's literature. Her work often explores themes of friendship, bravery, and the power of imagination, drawing readers into captivating and immersive settings. Each story is beautifully illustrated, enhancing the magical experience for readers of all ages. The collection offers a timeless and enchanting read, perfect for both children and adults alike. Edith Nesbit, a pioneer of children's literature, drew inspiration from her own childhood experiences and the imaginative world she created to entertain her own children. Her unique perspective and gift for storytelling have made her a cherished author for generations. 'The Greatest Children's Books - E. Nesbit Collection' is a must-read for anyone seeking a charming and magical literary escape, guaranteed to spark the imagination and hearten the spirit.