Beyond Lending
How Multilateral Banks Can Help Developing Countries Manage Volatility
Will be published approx. on 30. May 2009
Book
Paperback/Softback
98 pages
978-1-933286-32-7 (ISBN)
Description
When he began this book in early 2008, Guillermo Perry argued that developing countries remained highly vulnerable to external risks such as commodity price declines, capital flow reversals, and natural disasters. The economic crisis that has since ensued confirmed Perry's analysis. It has also made his proposal more important than ever: multilateral development banks (MDBs) should move beyond lending to provide innovative risk-management tools for developing countries to manage volatility.
The risk that MDBs will fall into complacency as the short-term demand for traditional loans increases during the crisis should not deter innovations to ensure long-term stability. Contents 1. Causes and Consequences of High Volatility in Developing Countries 2. The Role of Financial Insurance and Hedging 3. Dealing with Liquidity Shocks and the Procyclicality of Private Capital Flows 4. Dealing with Currency Risks 5. Dealing with Commodity Price, Terms of Trade, and Output Risks 6. Dealing with Natural Disaster Risks 7. Why Multilateral Development Bank Practices Are So Far from Their Potential 8. An Agenda Going Forward
The risk that MDBs will fall into complacency as the short-term demand for traditional loans increases during the crisis should not deter innovations to ensure long-term stability. Contents 1. Causes and Consequences of High Volatility in Developing Countries 2. The Role of Financial Insurance and Hedging 3. Dealing with Liquidity Shocks and the Procyclicality of Private Capital Flows 4. Dealing with Currency Risks 5. Dealing with Commodity Price, Terms of Trade, and Output Risks 6. Dealing with Natural Disaster Risks 7. Why Multilateral Development Bank Practices Are So Far from Their Potential 8. An Agenda Going Forward
More details
Language
English
Place of publication
Washington
United States
Target group
College/higher education
Dimensions
Height: 226 mm
Width: 149 mm
Thickness: 10 mm
Weight
217 gr
ISBN-13
978-1-933286-32-7 (9781933286327)
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Schweitzer Classification
Person
Guillermo Perry is a nonresident fellow of the Center for Global Development, USA. He was chief economist of the Latin America and Caribbean region of the World Bank from 1996 to 2007. Before joining the World Bank, Perry served his native Colombia in various capacities: minister of finance and public credit (1994-96); minister of mining and energy (1986-88); director of national taxes (1974-76); and deputy director of the Departamento Nacional de Planeacion y Consejo Nacional de Politica Economica (1970).
Content
1. Causes and Consequences of High Volatility in Developing Countries 2. The Role of Financial Insurance and Hedging 3. Dealing with Liquidity Shocks and the Procyclicality of Private Capital Flows 4. Dealing with Currency Risks 5. Dealing with Commodity Price, Terms of Trade, and Output Risks 6. Dealing with Natural Disaster Risks 7. Why Multilateral Development Bank Practices Are So Far from Their Potential 8. An Agenda Going Forward