Post-Conflict Aid, Real Exchange Rate Adjustment, and Catch-Up Growth (Record no. 139948)

000 -LEADER
fixed length control field 03574cam a22006854a 4500
001 - CONTROL NUMBER
control field 4187
003 - CONTROL NUMBER IDENTIFIER
control field The World Bank
006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS--GENERAL INFORMATION
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007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION
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008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 020129s2007 dcu i001 0 eng
024 8# - OTHER STANDARD IDENTIFIER
Standard number or code 10.1596/1813-9450-4187
035 ## - SYSTEM CONTROL NUMBER
System control number (The World Bank)4187
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Schmidt-Hebbel, Klaus
245 10 - TITLE STATEMENT
Title Post-Conflict Aid, Real Exchange Rate Adjustment, and Catch-Up Growth
Medium [electronic resource] /
Statement of responsibility, etc Schmidt-Hebbel, Klaus
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc Washington, D.C.,
Name of publisher, distributor, etc The World Bank,
Date of publication, distribution, etc 2007
300 ## - PHYSICAL DESCRIPTION
Extent 1 online resource (44 p.)
520 3# - SUMMARY, ETC.
Summary, etc Post-conflict countries receive substantial aid flows after the start of peace. While post-conflict countries' capacity to absorb aid (that is, the quality of their policies and institutions) is built up only gradually after the onset of peace, the evidence suggests that aid tends to peak immediately after peace is attained and decline thereafter. Aid composition broadly reflects post-conflict priorities, with large parts of aid financing social expenditure and infrastructure investment. Aid has significant short-term effects on the real exchange rate (RER), as inferred from the behavior of RER in the world. While moderate RER overvaluation is observed in post-conflicts, it cannot be traced down to the aid flows. The empirical evidence on world growth reveals new findings about the pattern of catch-up growth during post-conflicts and the role of key growth determinants on post-conflict growth. Aid is an important determinant of growth, both generally and more strongly during post-conflict periods. Because RER misalignment reduces growth, RER overvaluation during post-conflicts reduces catch-up growth. Aid and RER overvaluation combined also lower growth. But the negative growth effect of RER overvaluation declines with financial development.
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Topical term or geographic name as entry element Absorptive Capacities
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Topical term or geographic name as entry element Assets
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Conflict and Development
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Currencies and Exchange Rates
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Current Account
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Topical term or geographic name as entry element Debt Markets
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Topical term or geographic name as entry element Depreciation
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Development Economics and Aid Effectiveness
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Topical term or geographic name as entry element Domestic-Currency
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Topical term or geographic name as entry element Dutch Disease
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Topical term or geographic name as entry element Economic Conditions and Volatility
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Topical term or geographic name as entry element Economic Growth
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Economic Theory and Research
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Topical term or geographic name as entry element Economies
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Topical term or geographic name as entry element Economy
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Topical term or geographic name as entry element Emerging Markets
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Topical term or geographic name as entry element Equilibrium
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Topical term or geographic name as entry element Equilibrium Level
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Export Diversification
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Export Growth
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Finance and Financial Sector Development
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Macroeconomic Management
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Macroeconomics and Economic Growth
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Misalignment
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Overvaluation
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Post Conflict Reconstruction
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Topical term or geographic name as entry element Poverty Reduction
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Topical term or geographic name as entry element Private Sector Development
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Pro-Poor Growth
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Real Exchange Rate
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Real Exchange Rate Appreciation
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Real Exchange Rate Overvaluation
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Relative Price
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Topical term or geographic name as entry element Risks
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Social Conflict and Violence
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Social Development
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name Elbadawi, Ibrahim A.
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name Kaltani, Linda
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name Schmidt-Hebbel, Klaus
776 18 - ADDITIONAL PHYSICAL FORM ENTRY
Main entry heading Print version:
Display text Schmidt-Hebbel, Klaus.
Title Post-Conflict Aid, Real Exchange Rate Adjustment, and Catch-Up Growth.
Place, publisher, and date of publication Washington, D.C., The World Bank, 2007
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE
Uniform title Policy research working papers.
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE
Uniform title World Bank e-Library.
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-4187">http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-4187</a>

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