2

резултат(и)

Дума(и)
Вид публикация
Област на политиките
Автор
Дата

The World Bank: Serving ambitious goals, but in need of reform

21-04-2016

The International Bank for Reconstruction and Development, nowadays known as the World Bank, was conceived to help rebuild European countries devastated by the Second World War. Since then, through various reforms, its mission has evolved and its scope and staff increased significantly. Nowadays, the World Bank Group consists of five institutions (IBRD, IDA, IFC, MIGA and ICSID), each with a particular mode of organisation and a specific scope and mission. The institution and its role have evolved ...

The International Bank for Reconstruction and Development, nowadays known as the World Bank, was conceived to help rebuild European countries devastated by the Second World War. Since then, through various reforms, its mission has evolved and its scope and staff increased significantly. Nowadays, the World Bank Group consists of five institutions (IBRD, IDA, IFC, MIGA and ICSID), each with a particular mode of organisation and a specific scope and mission. The institution and its role have evolved significantly since its inception in 1944, most recently with its 2013 strategy, although the main reasons behind its existence remain. The five institutions that form the World Bank Group have slightly different memberships, along with boards of governors and boards of directors. Commentators have presented arguments in favour of the Bank, as well as many criticisms and concerns with regard to its work. In particular, criticisms concerns issues such as smaller countries being inadequately represented, and some of the Bank's models being too conservative and in need of updating to take into consideration the evolution of today's world economy. Furthermore, critics say the Bank should engage meaningfully with the international human rights framework and assist its member countries in complying with their own human-rights obligations; and despite positive results from some of the Bank's programmes, these have also had negative spill-overs in the countries concerned.

Comparison of Monetary Policy Strategies of Major Central Banks

16-03-2009

This study gives a comprehensive overview of the evolution of modern central banking strategies followed by a thorough debate of the monetary policy strategy of the European Central Bank. It compares the strategy of the ECB with that of eight other central banks (Federal Reserve, Bank of Japan, Bank of England, Riksbank of Sweden, Reserve Bank of New Zealand, Bank of Estonia, Czech National Bank, People's Bank of China). The authors suggest reforms in goals, institutional arrangements and monetary ...

This study gives a comprehensive overview of the evolution of modern central banking strategies followed by a thorough debate of the monetary policy strategy of the European Central Bank. It compares the strategy of the ECB with that of eight other central banks (Federal Reserve, Bank of Japan, Bank of England, Riksbank of Sweden, Reserve Bank of New Zealand, Bank of Estonia, Czech National Bank, People's Bank of China). The authors suggest reforms in goals, institutional arrangements and monetary instruments of the ECB. Despite the comparative success of the euro as an international currency, the present financial crisis has uncovered some flaws in the functioning of the ECB. However, these can be put in order by drawing appropriate conclusions from the comparative analysis in this study.

Външен автор

Pedro Schwartz (lead author, San Pablo-CEU University, Madrid, Spain), Juan Castañeda (UNED, Madrid, Spain), David Mayes (University of Auckland, New Zealand), Anne Sibert (University of London, UK) and Geoffrey Wood (Cass Business School, City University, London, UK)

Предстоящи събития

25-10-2021
European Gender Equality Week - October 25-28, 2021
Други мероприятия -
FEMM AFET DROI SEDE DEVE BUDG CONT ECON EMPL ITRE TRAN AGRI PECH CULT JURI PETI
25-10-2021
Ninth meeting of the Joint Parliamentary Scrutiny Group on Europol, 25-26 October
Други мероприятия -
LIBE
26-10-2021
Investment Policy and Investment Protection Reform
Изслушване -
INTA

Партньори