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Independent research & practical ideas for global prosperity
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Independent research & practical ideas for global prosperity
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Global Prosperity Wonkcast
Posts Tagged: FinanceMacroprudential Regulation and Developing Countries: Liliana Rojas-SuarezMarch 7, 2011Posted by Lawrence MacDonald in Economic Growth, Finance, Global Development, International Financial Institutions, Private Investment Tags: Finance, International Financial Institutions, Liliana Rojas-Suarez, Regulation
I spoke with Liliana just before she left for Basel about macroprudential regulation—an approach that focuses on the systemic risks arising from the collective action of financial institutions. (Liliana had spoken about this at a recent CGD Research in Progress staff meeting; her slides are a useful adjunct to our Wonkcast discussion.) Podcast: Play in new window | Download Comment »Egypt’s Next Big Challenge: Overcoming Reliance on RentsFebruary 14, 2011Posted by Lawrence MacDonald in Africa, Asia, Fragile States, Governance/Democracy Tags: Arvind Subramanian, Finance, Military Aid, Natural Resources
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In the interview, Arvind argues that Egypt’s biggest economic challenge is reliance on rents, which he defines as wealth derived from historical and geographical legacies rather than job-generating economic growth. Arvind includes among these the Suez Canal, which I was surprised to learn generates some $5 billion a year in fees; aid received in exchange for peace with Israel; the pyramids and other antiquities that draw tourists, and even remittances, which he says are the result not of Egyptian success but of failure that forces its citizens to seek work abroad. Podcast: Play in new window | Download 4 Comments »Portfolios That Make a Difference: John Simon on Impact InvestingDecember 13, 2010Posted by Lawrence MacDonald in Finance, Private Investment Tags: Finance, Impact Investing, John Simon
John begins by defining impact investments and explaining how they differ from socially responsible investments and from corporate social responsibility programs. Beyond avoiding businesses that engage in morally questionable practices or diverting a portion of corporate profits towards charitable ends, impact capital seeks out companies whose core mission is development. In short, says John, “impact investments seek both a financial return and a social return, and they hold themselves to account for both.” He gives the example of a company that clears overgrown rubbertree plantations in Liberia, improving the land for local farmers and exporting the wood to Europe as a renewable energy source. Podcast: Play in new window | Download Comment »David Roodman on Microfinance and a Year of BloggingFebruary 23, 2010Posted by Lawrence MacDonald in Finance, Inequality, Poverty Tags: David Roodman, Finance, Microfinance
David replies that when it comes to policy research, people write books for four reasons. “One is to help you think through a complicated process… Another is to provide a basis for shorter spin-off pieces… Another is to signal that you’re an expert about something. And then the last is, oh yeah, to write something for people to read.” David says blogging about the book-writing process has helped him to partially accomplish the first three goals even before the book is complete. It has also, somewhat unexpectedly he says, changed his writing style, something he discussed recently on the blog. Podcast: Play in new window | Download Comment »Beyond Microfinance: Principles of Access to FinanceNovember 13, 2009Posted by Lawrence MacDonald in Economic Growth, Global Development, Private Investment Tags: Banks, Finance, Lending, Liliana Rojas-Suarez, Microfinance, Regulation
Liliana explains that the balance between financial stability and increased access to finance is at the root of these debates, and in fact was central to the financial collapse itself. “Even in the United States,” she explains, “many people did not have sufficient access to finance, and, well, nobody wanted to stop the provision of financial services. And that was creating a bubble that ended up in the largest crisis that we have seen in recent history.” Podcast: Play in new window | Download 2 Comments »
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Regulators at the Bank for International Settlements (BIS) in Basel, Switzerland, are hard at work designing regulatory standards to avoid future financial meltdowns like the global financial crisis of 2008. Joining them for two months is Liliana Rojas Suarez, a CGD senior fellow and the founding chair of the 
After the ouster of President Hosni Mubarak last Friday, I invited 
A new approach to investing is seeking to connect investors with businesses that both make a profit and provide goods and services that advance development. Just what is impact investing? How big can it get? I’m joined this week by John Simon, a visiting fellow here at the Center for Global Development. Together with co-author Julia Barmeier, he has written 
My guest on this week’s show is 
On this edition of the Wonkcast, I am joined by senior fellow 
