Beyond Lending

Guillermo Perry

When he began this book in early 2008, Guillermo Perry argued that developing countries remained highly vulnerable to external risks such as commodity price declines, capital flow reversals, and natural disasters. The economic crisis that has since ensued confirmed Perry's analysis. It has also made his proposal more important than ever: multilateral development banks (MDBs) should move beyond lending to provide innovative risk-management tools for developing countries to manage volatility. The risk that MDBs will fall into complacency as the short-term demand for traditional loans increases during the crisis should not deter innovations to ensure long-term stability.Contents1. Causes and Consequences of High Volatility in Developing Countries2. The Role of Financial Insurance and Hedging3. Dealing with Liquidity Shocks and the Procyclicality of Private Capital Flows4. Dealing with Currency Risks5. Dealing with Commodity Price, Terms of Trade, and Output Risks6. Dealing with Natural Disaster Risks7. Why Multilateral Development Bank Practices Are So Far from Their Potential8. An Agenda Going Forward

  • Format: Paperback
  • ISBN: 9781933286327
  • Publication Date: May 2009
  • Availability: In Stock - Despatched Within 5-7 Working Days