Financial instability and CO2 emissions: cross-country evidence

2020 ◽  
Vol 13 (4) ◽  
pp. 459-468 ◽  
Author(s):  
Bo Yang ◽  
Minhaj Ali ◽  
Muhammad Rizwan Nazir ◽  
Wajeeh Ullah ◽  
Muhammad Qayyum
2018 ◽  
Vol 75 ◽  
pp. 222-238 ◽  
Author(s):  
Vicente Rios ◽  
Lisa Gianmoena

Author(s):  
Sacchidananda Mukherjee ◽  
Debashis Chakraborty

Encouraging economic activities is a major motivation for countries to disburse subsidies, but such transfers may also lead to sustainability and climate change related concerns. Through a cross-country empirical analysis involving 131 countries over 1990-2010, the present analysis observes that higher proportional devolution of budgetary subsidies lead to higher CO2 emissions. The results demonstrate that structure of economy is a crucial determinant for per capita CO2 emission, as countries having higher share in agriculture and services in GDP are characterized by lower per capita CO2 emission and vice versa. The empirical findings also underline the importance of the type of government subsidy devolution on CO2 emissions. Countries having high tax-GDP ratio are marked by lower per capita CO2 emission, implying that government budgetary subsidy is detrimental for environment whereas tax is conducive for sustainability. The analysis underlines the importance of limiting devolution of subsidies both in developed and developing countries.


2022 ◽  
pp. 103397
Author(s):  
Gail Cohen ◽  
Joao Tovar Jalles ◽  
Prakash Loungani ◽  
Pietro Pizzuto
Keyword(s):  

Policy Papers ◽  
2010 ◽  
Vol 2010 (20) ◽  
Author(s):  

This paper is one in a series of follow-up papers on The Fund’s Mandate—An Overview and The Fund’s Mandate—The Legal Framework discussed by the Executive Board on February 22, 2010. This paper proposes ideas to modernize the mandate and modalities of surveillance. It addresses how the Fund might increase the value of its surveillance by considering both the substance of surveillance (what it should do) and its modalities (how to do it). The main ideas focus on how the Fund can do more—and more sharply defined—multilateral surveillance, generate greater value and traction from bilateral surveillance, and integrate the two better. Options to buttress multilateral surveillance include doing more analysis of outward spillovers, holding multilateral consultations as needed on special topics to foster collaboration and collective action, and strengthening financial sector surveillance by mapping interconnectedness across borders and sectors and the transmission channels of macro-financial instability. The adoption of Multilateral Surveillance Decision could help support these ideas. Options to increase the value and traction of bilateral surveillance include promoting better cross-country understanding, with more thematic multi-country reports, producing more timely and topical reports, and increasing outreach and engagement with stakeholders.


2019 ◽  
Vol 26 (11) ◽  
pp. 11503-11507 ◽  
Author(s):  
Jae-Hyung Park ◽  
Seul-Ye Lim ◽  
Seung-Hoon Yoo

2010 ◽  
Vol 70 (2) ◽  
pp. 434-444 ◽  
Author(s):  
Phetkeo Poumanyvong ◽  
Shinji Kaneko

2018 ◽  
Vol 25 (26) ◽  
pp. 26030-26045 ◽  
Author(s):  
Muhammad Awais Baloch ◽  
Danish ◽  
Fanchen Meng ◽  
Jianjun Zhang ◽  
Zefeng Xu

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