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Begin New Search Content Type Working Paper Publishing Institution The Brookings Institution Publication Year within 25 Years

31. Key Issues on European Banking Union: Trade-Offs and Some Recommendations

Author:
Douglas J. Elliott
Publication Date:
11-2012
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
European leaders have committed to moving toward a banking union, in which bank regulation and supervision, deposit guarantees, and the handling of troubled banks will be integrated across at least the euro area and possibly across the wider European Union. This is quite positive for two reasons. Most immediately, it will help solve the euro crisis by weakening the link between debt-burdened governments and troubled banks, where each side has added to the woes of the other. In the longer run, it will make the “single market” in European banking substantially more effective.
Topic:
Debt, Economics, International Trade and Finance, Markets, Monetary Policy, and Financial Crisis
Political Geography:
Europe

32. The Myanmar Economy: Tough Choices

Author:
Lex Rieffel
Publication Date:
09-2012
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
The new Government of Myanmar has astonished the world since it took office at the end of March 2011 by the pace and scope of policy changes it has introduced in a country that has underperformed most other Asian countries for decades. Not a single analyst inside or outside Myanmar before President Thein Sein’s inaugural address predicted the changes that many now label “breathtaking.” The global policy community and the media have focused heavily on the political changes and challenges, giving less attention to the economic changes and challenges than they probably deserve. This paper focuses on 21 high-priority economic issues facing the Thein Sein administration in mid-2012.
Topic:
Civil Society, Democratization, Diplomacy, Human Rights, and Sanctions
Political Geography:
Southeast Asia and Myanmar

33. Scaling Up Development Interventions: A Review of UNDP's Country Program in Tajikistan

Author:
Johannes F. Linn
Publication Date:
02-2012
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
This study reports on a review of the United Nations Development Programmed' s (UNDP) country program in Tajikistan in terms of how it addresses the opportunities and challenges to scale up successful development interventions. It assesses to what extent the UNDP pursued well-articulated scaling up pathways in its overall program and in specific project areas, including its communities development program, its AIDS/HIV, tubercu¬losis and anti-malaria program, its support for aid coordination, its disaster risk management program and its energy and environment program. The study concludes that UNDP has incorporated key elements of a scaling up approach in its Tajikistan program, but also identifies additional ways to develop a more systematic approach to scaling up. This study is part of a broader program of research and analysis carried out under the auspices of the Brookings Global Economy and Development Program.
Topic:
Development, United Nations, and Foreign Aid
Political Geography:
Central Asia and Tajikistan

34. Global Governance Audit

Author:
Hakan Altinay
Publication Date:
02-2012
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
We frequently treat the changing constellation that has come to be referred to as global governance as a lackluster fait accompli. Nobody has masterminded it. Nobody is really in charge. Almost everybody has reasons to be unhappy about what they view as its current suboptimal state. As such, global governance is not an easy phenomenon to assess or audit. The benchmarks and scales to be used are not obvious. Yet an audit attempt is nevertheless necessary, if for no other reason than to start to form a deliberated assessment, to develop some benchmarks, and to refine our questions for the future.
Topic:
Economics, Globalization, and Governance
Political Geography:
China and Europe

35. Dynamics of Inflation "Herding": Decoding India's Inflationary Process

Author:
Urjit R. Patel and Gangadhar Darbha
Publication Date:
01-2012
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
Compared to immediately preceding years, that is, its own recent history, India's inflation became unhinged (thereby reversing creditable performance) from as far back as 2006. The paper puts forward an empirical framework to analyze the time series and cross-sectional dynamics of inflation in India using a large panel of disaggregated sector prices for the time period, 1994/95 to 2010/11. This allows us to rigorously explore issues that have been, at best, loosely posed in policy debates such as diffusion or comovement of inflation across sectors, role of common and idiosyncratic factors in explaining variation, persistence, importance of food and energy price changes to the overall inflation process, and contrast the recent experience with the past. We find, interalia, that the current period of high inflation is more cross-sectionally diffused, and driven by increasingly persistent common factors in non-food and non-energy sectors compared to that in the 1990s; this is likely to make it more difficult for anti-inflationary policy to gain traction this time round compared to the past. The paper has also introduced a novel measure of inflation, viz., Pure Inflation Gauges (PIGs) in the Indian context by decomposing price movements into those on account of: (1) aggregate shocks that have equiproportional effects on all sector prices; (2) aggregated relative price effects; and (3) sector-specific and idiosyncratic shocks. If PIGs, in conjunction with our other findings, for example, on persistence had been used as a measure of underlying (pure) inflationary pressures, the monetary authorities may not have been sanguine regarding the timeliness of initiating anti-inflationary policies.
Topic:
Development, Economics, Industrial Policy, International Trade and Finance, and Monetary Policy
Political Geography:
South Asia and India

36. Can Producer Associations Make Agriculture Sustainable? Evidence from Farmer Development Centers in India

Author:
Raj M. Desai and Shareen Joshi
Publication Date:
01-2012
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
This paper evaluates the impact of the Self- Employed Women's Association's (SEWA) farmer development center (FDC) initiative across five farming districts in Gujarat, India. The initiative provided a mix of training, information provisions, access to farming inputs, risk mitigation, and output. Controlling for a range of individual-specific, household, and village level factors, we find that SEWA membership primarily raised awareness of available opportunities among its participants, linked women to the financial sector and to diversified employment opportunities, including non-farm work. There is also evidence that the program's impact varied depending on the participants' socio-economic background. The poorest members experienced higher farm and non-farm incomes, increased food consumption, improved household and farm productivity, more self-employment opportunities, a greater likelihood of opening a bank account, higher crop harvests, and greater food security. These estimates suggest that the major comparative advantage of FDCs lies in improving access to credit and in expanding access to useful information.
Topic:
Agriculture, Development, Economics, International Trade and Finance, and Markets
Political Geography:
India and Gujarat

37. Taking Development Activities to Scale in Fragile and Low Capacity Environments

Author:
Johannes F. Linn and Laurence Chandy
Publication Date:
09-2011
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
Fragile states present one of the greatest challenges to global development and poverty reduction. Despite much new learning that has emerged from within the development community in recent years, understanding of how to address fragility remains modest. There is growing recognition that donor engagement in fragile states must look beyond the confines of the traditional aid effectiveness agenda if it is to achieve its intended objectives, which include state building, meeting the needs of citizens, and managing risk more effectively. Current approaches are constrained by relying heavily on small-scale interventions, are weakened by poor coordination and volatility, and struggle to promote an appropriate role for the recipient state.</p
Topic:
Development, Poverty, and Foreign Aid

38. Benchmarking Against Progress: An Assessment of Australia's Aid Effectiveness

Author:
Laurence Chandy
Publication Date:
12-2011
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
Is Australia's aid program effective? Measuring the effectiveness of aid is no easy feat. For a start, there is uncertainty about what aid is trying to achieve. Even seemingly straightforward objectives, like poverty reduction, throw up a range of questions as to what precisely ought to be measured. For instance, how should one balance the provision of temporary relief to those in need with catalyzing permanent transformation in people's lives (Barder, 2009)? Second, it is notoriously difficult to isolate the effect of a single aid program from other factors. Aid is delivered in an environment of enormous complexity where all manner of other events shape outcomes, including actions by recipient governments, aid from other countries, non-aid flows, and the performance of the global economy. To accurately attribute impact to aid therefore requires a thorough understanding of the setting in which aid is given. Third, the effects of aid are not always immediate or straightforward. For instance, improvements in people's skills or the performance of institutions may manifest gradually. Measurements of what aid achieves must be sensitive to the different ways change is brought about (Woolcock et al., 2009).
Topic:
Economics, Globalization, Humanitarian Aid, Poverty, and Foreign Aid
Political Geography:
Australia/Pacific

39. Decarbonization Strategies: How Much, How, Where and Who Pays for Δ ≤ 2 ̊ C?

Author:
Urjit R. Patel
Publication Date:
03-2010
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
At a panel discussion at the London School of Economics (LSE) in early October, I said in my concluding remarks that while I was not optimistic about the likelihood of a robust global climate deal at Copenhagen, “there seemed to be a strong consensus in world capitals for a weak agreement.” Well, I was more or less right. We ended up with something rather ineffectual: a less than unanimous declaratory announcement (of feeble aims), although they call it an accord; and, in any case, it is neither a treaty nor even a binding commitment underpinned in law. In fact, domestic politics and the recession have probably put paid to hopes for a precise emissions quota-focused treaty in the near term. At any rate, a legally binding multilateral document is hardly sufficient: emission outcomes even under the formally binding Kyoto Protocol with a built-in enforcement mechanism are widely perceived to have been inadequate.
Topic:
Climate Change, Environment, Globalization, International Cooperation, and Treaties and Agreements
Political Geography:
London

40. The Case for Global Civics

Author:
Hakan Altinay
Publication Date:
03-2010
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
“Civics” often refers to the familiar constellation of rights and responsibilities emanating from citizenship in a nation-state. But what about global civics? Would this be feasible—or even desirable?
Topic:
International Relations, Civil Society, Economics, and International Cooperation