FY2012-FY2014 Medium-Term Budget

Policy Papers ◽  
2011 ◽  
Vol 2011 (25) ◽  
Author(s):  

With the global financial landscape still unsettled, temporary spending looks set to remain at current levels over the next few years. Lending commitments and crisis-management activities have surged since the onset of the crisis: by the end of December 2010, there were 60 program and financial arrangements in place, compared with 40 at the time of the Fund’s restructuring in early 2008. The higher lending has generated a sharp but temporary rise in income, but has also required an increase in temporary spending. This expenditure will unwind over time, but only marginally over the FY 12–14 MTB period

2021 ◽  
Vol 13 (13) ◽  
pp. 7191
Author(s):  
Valerie Paelman ◽  
Philippe Van Cauwenberge ◽  
Heidi Vander Bauwhede

We empirically test whether B Corp certification affects the short- and medium-term growth rates of sustainable enterprises. These businesses are growing in popularity and prevalence but, due to their hybrid nature, often suffer from external credibility issues and competing internal logics. Because of the rigorous and time-involving audit procedure, B Corp certification potentially sends a credible signal about the sustainable nature of the enterprise to its stakeholders. In addition, the B Corp label could help to straighten out internal tensions and align the company towards its dual purpose. Hence, B Corp certification could contribute to company success. We observe 129 firms that were certified between 2013 and 2018 over a period between six years prior and five years post-certification. Using propensity score matching, we identify 129 non-certified matching companies. On this sample, we conduct a difference-in-differences panel regression analysis to investigate the effect of certification. Our dataset allows us to study how the effects of B Corp certification evolve over time, which was previously untested. Our study documents a positive effect of B Corp certification on turnover growth and also that this effect increases with the time since certification, implying that certification requires some time for its full effect to become apparent.


2020 ◽  
pp. 105-122
Author(s):  
Svetlana Cebotari ◽  
Selena Stejaru

Currently, we experience a conditional reality imposed by the COVID19 pandemic, with both immediate and long-lasting repercussions on the international system and the behavior of each state. For this reason and because the new virus has a dynamic evolution in time and space, research of the impact of the new virus is needed not only from a biogenetic perspective but also in the context of other fields, including the international relations realm. The events we are witnessing at the present challenge to keep up with transformations taking place in the international arena, especially those in the field of virology. As epidemics over time, viruses that cause them to change and occur constantly remain only the fact that they will always influence not only interpersonal relations but impose conditions for new realities in the system of international relations. This article aims to highlight the main gaps in the work of the institution responsible for maintaining peace and security in the international arena, especially in the context of the COVID-19 crisis.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Denise Jackson ◽  
Ian Li

PurposeThere are ongoing concerns regarding university degree credentials leading to graduate-level employment. Tracking graduate underemployment is complicated by inconsistent measures and tendencies to report on outcomes soon after graduation. Our study explored transition into graduate-level work beyond the short-term, examining how determining factors change over time.Design/methodology/approachWe considered time-based underemployment (graduates are working less hours than desired) and overqualification (skills in employment not matching education level/type) perspectives. We used a national data set for 41,671 graduates of Australian universities in 2016 and 2017, surveyed at four months and three years' post-graduation, to explore determining factors in the short and medium-term. Descriptive statistical techniques and binary logistic regression were used to address our research aims.FindingsGraduates' medium-term employment states were generally positive with reduced unemployment and increased full-time job attainment. Importantly, most graduates that were initially underemployed transited to full-time work at three years post-graduation. However, around one-fifth of graduates were overqualified in the medium-term. While there was some evidence of the initially qualified transitioning to matched employment, supporting career mobility theory, over one-third remaining overqualified. Skills, personal characteristics and degree-related factors each influenced initial overqualification, while discipline was more important in the medium-term.Originality/valueOur study explores both time-based underemployment and overqualification, and over time, builds on earlier work. Given the longer-term, negative effects of mismatch on graduates' career and wellbeing, findings highlight the need for career learning strategies to manage underemployment and consideration of future labour market policy for tertiary graduates.


2011 ◽  
Vol 51 (2) ◽  
pp. 677
Author(s):  
John Harris

The portfolio of proposed Australian LNG projects continues to grow. What is the demand outlook for Asia Pacific LNG—and can it absorb the potential volume from these projects? Who are the key importers and what are the demand uncertainties within the Asia Pacific region? Can Australian LNG penetrate markets further afield? What has driven the growth in Australian LNG projects and how many more might emerge? Where are the projects that will compete with Australian LNG? Is Australian LNG competitive relative to other supplies? Are project costs likely to increase further? How is the LNG supply-demand balance likely to develop in the Asia Pacific during the next decade? Is there a looming surplus of LNG and, if so, what would this mean for Australia? Does the outlook presage a buyers’ market or a sellers’ market? Will contract expiries from established LNG exporters increase supply availability in the Asia Pacific? What could this mean for oil indexation and long term LNG contracts? Could alternative pricing mechanisms evolve and will we see an increase in short and medium term supply contracts? This paper examines the outlook for the Asia Pacific LNG market—and the growing role Australian LNG is playing in meeting demand growth. It also reviews Australia’s competitive position and considers the way in which the structure of Asia Pacific LNG contracts may evolve over time.


Policy Papers ◽  
2009 ◽  
Vol 09 ◽  
Author(s):  

The paper proposes a doubling of access limits on concessional lending to ensure that the Fund can respond effectively to the needs of low-income countries (LICs) severely affected by the current world economic downturn. Pending adoption of broader reforms to the LIC facilities architecture, higher access limits under the Poverty Reduction and Growth Facility (PRGF) and Exogenous Shocks Facility-High-Access Component (ESF-HAC) would give the Fund greater flexibility in assisting LICs, which have become more exposed to global volatility over time. A doubling of access limits would restore them to their 1998 levels in percent of GDP and would be consistent with the approach taken in determining new access limits for General Resources Account (GRA) resources. It would also be in line with the projected doubling of medium-term demand for concessional resources.


Significance Bolsonaro, a retired army captain who has often insulted minorities and supported torture and the 1964-85 military regime, obtained some 46% of valid votes, against 29% for Haddad, the handpicked candidate of former President Luiz Inacio Lula da Silva. The results of concomitant legislative and state-level votes also confirmed a sharp rightward turn in Brazilian politics. Impacts If elected, Bolsonaro may enjoy an initial governing majority in Congress. Over time his personality and popular support may lead him to disregard negotiations with legislators. Failure to build relationships with legislators could bring governing problems in the medium term. With abstentions, blank and spoiled votes reaching nearly 29% in the first round, participation rates will be crucial in the runoff.


2021 ◽  
pp. 11-61
Author(s):  
Birgit Charlotte Müller

ZusammenfassungMedium-term price continuation, commonly defined as momentum, is a widespread phenomenon in financial markets. It exists for individual stocks (Jegadeesh and Titman, 1993), for industry sectors (Moskowitz and Grinblatt, 1999), for style portfolios (Lewellen, 2002), in international equity markets (Rouwenhorst, 1998; Chui et al., 2010), and across asset classes (Bhojraj and Swaminathan, 2006; Menkhoff et al., 2012; Asness et al., 2013). Momentum also appears to be persistent over time, at least outside the U.S. stock market (Jegadeesh and Titman, 2001; McLean and Pontif, 2016; Green et al., 2017; Jacobs and Müller, 2020).


1980 ◽  
Vol 19 (2) ◽  
pp. 113-117
Author(s):  
Amit Bhaduri

In the usual format of Keynesian growth models investment governs saving: higher investment causes more profits either through greater capacity utilization (normal 'multiplier') or through rising price. (‘Profit inflation,) which, in turn, generates the matching level of savings. The present paper argues that such methods of financial higher investment plans are neither socially desirable nor even sustainable over time In an underdeveloped mixed economy. Consequently, alternative institutional and financial arrangements, where. crucial role Is assigned to a public distribution system of essential goods and profits of public enterprises, becomes imperative.


2021 ◽  
Vol 108 (Supplement_2) ◽  
Author(s):  
R Sohawon ◽  
I G Rizvi ◽  
P Ravindra ◽  
M Pipe ◽  
T King ◽  
...  

Abstract Introduction The commonest cause of stress urinary incontinence in men is radical prostatectomy. We aimed to determine the efficacy, complication rate and need for salvage surgery in the medium-long term for male sling insertion. Method Retrospective review of all patients undergoing male sling insertion at one centre between 2009-2018. Data was collected on complications, patient satisfaction and need for further surgery. Preoperative severity was categorized as mild, moderate, or severe. We assessed ICIQ score, 24h-pad usage, patient satisfaction and identified risk factors for treatment success/failure. Results 91 men had slings inserted (median age- 67.3). Three months success rates in mild, moderate and severe SUI groups were 96%, 86% and 80% respectively which dropped to 65%, 62% and 47% in the medium term. The rate of AUS implantation was 6%, 15% and 33% respectively. Complications included pain, infection, retention and OAB. Patient satisfaction at 5-years was 57%. Only factor predicting success or failure was pre-operative ICIQ-UI(SF) score. Conclusions Male sling success rates deteriorate over time. 15% will have an AUS. The risk of complications is low and transient. A pre-operative ICIQ-UI(SF) score of > 18 is a predictor of failure. Sling insertion remains a reasonable treatment option for male patients suffering with SUI.


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