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Fair trade in tropical crops is possible; international commodity agreements revisited

REA Auditado

In spite of the growing rhetoric on international trade liberalisation that we hear today, developed countries continue to support their agriculture using methods that are harmful to farmers in developing countries. In WTO discussions, `non-trade distortionary` payments are used as a pretext for continuing to displace imports and for exporting products below their own cost of production. Meanwhile, world markets for tropical crops that were actually liberalised have seen a deeper and more protracted price fall than in the 1930s.

Tema: general: 

• Ciencias

Subnational credit ratings : a comparative review

REA Auditado

This paper surveys methodological issues
in subnational credit ratings and highlights key challenges
for developing countries. Subnational borrowing from capital
markets has been on the rise owing to fiscal
decentralization and demand for infrastructure investments.
A prerequisite for accessing capital markets, subnational
credit ratings have also emerged as a part of broader reform
for fiscal sustainability. They facilitate a more
transparent budgetary and financial management system.

Tema: general: 

• Negocios y Economía

The determinants of corporate financial policy in Zimbabwe: empirical evidence from company panel data

REA Auditado

This thesis examines the patterns and determinants of corporate financial policy
(capital structure and dividend policy) in Zimbabwe.

Tema: general: 

• Negocios y Economía

The Unintended Consequences of Successful Resource Mobilization: Financing Development in Vietnam

REA Auditado

The total amount of development finance generated by Vietnam has been exceptionally high from all significant sources using all standard measures of comparison. However, there are many potential unintended consequences of Vietnam’s successful resource mobilization, with significant implications for the future financing of development.

Tema: general: 

• Ciencias

Estudio, análisis y mejora de un sistema de gestión de expedientes

REA Auditado

El proyecto consistió en el estudio, propuesta y realización de una serie de mejoras derivadas del análisis de un sistema de gestión de expedientes. El sistema analizado es SEDAS, un producto de gestión de los procesos de recobro de deudas desarrollado por Steria. Las mejoras se concentraron en la parametrización y mejora de diversos apartados tales como el modelo de datos, el sistema de generación de informes o la interfaz gráfica. El projecte va consistir en l'estudi, proposta i realització d'una serie de millores derivades de l'anàlisi d'un sistema de gestió d'expedients.

Tema: general: 

• Ingeniería y Ciencias Aplicadas›Ciencias Computacionales

Agency conflicts in financial contracting with applications to venture capital and CDO markets

REA Auditado

In these papers I examine efficient financial contracting when incentive problems play a significant role. In the first chapter (joint with Z. Fluck and S. Myers) we focus on the venture capital industry. We build a two-stage model capturing moral hazard, effort provision, and hold-up problems between entrepreneurs and investors. Across multiple financing scenarios we solve numerically for optimal decision policies and NPV, finding significant value losses from first-best. A commitment to competitive syndicate financing increases effort and NPV and benefits all parties.

Tema: general: 

• Negocios y Economía›Economía

Predictability of Aid: Do Fickle Donors Undermine Aid Effectiveness?

REA Auditado

Predictability of aid: aid recipients and donors alike frequently voice concerns about the lack of predictability of development aid. The existing literature often treats predictability and volatility as closely related, but this paper shows that they are conceptually and empirically distinct. Using two main data sources, we demonstrate that, contrary to common belief, lack of predictability typically involves managing both aid shortfalls and windfalls, and hampers aid management even in countries with stable implementation of macroeconomic policies.

Tema: general: 

• Negocios y Economía

Attitudinal and socio-demographic effects on willingness to pay for water services and actual payment behaviour

REA Auditado

Improving revenue collection rates and minimising the levels of 'bad debts' is currently a top priority for managers of water utilities in low-income countries. This study used empirical data from a cross-sectional survey of 505 utility customers in eight urban centres in Uganda to show that customer attitude towards prompt payment, perceived ease or difficulty of paying on time (perceived control), as well as social pressure, strongly influence intentions to pay, which in turn directly affects actual prompt bill payment behaviour.

Tema: general: 

• Negocios y Economía

Essays on political institutions and macroeconomics

REA Auditado

This dissertation consists of three chapters on the interaction of political institutions and macroeconomic activity in dynamic environments. Chapter 1 studies the optimal management of taxes and debt in a framework which relaxes the standard assumption of a benevolent government. We assume instead the existence of a self-interested ruler who manages the government budget. Unlike in the standard economy, temporary economic shocks generate persistent changes in taxes and debt along the equilibrium path so as to optimally limit rent-seeking by the ruler.

Tema: general: 

• Negocios y Economía›Economía

Seychelles - Public expenditure review

REA Auditado

In 2008, after many years of
unsustainable fiscal policy and a distorted and overvalued
foreign exchange regime, the Government of Seychelles
embarked upon a bold economic reform program. This program
aims to put the economy on a path toward macroeconomic
stability, liberalize the economy and to allow the private
sector to take over from the state as the driving force in
the economy.

Tema: general: 

• Negocios y Economía