WorldCat Identities

Mody, Ashoka

Works: 191 works in 815 publications in 6 languages and 9,758 library holdings
Genres: Case studies 
Roles: Author, Editor, Honoree
Classifications: HC460.5.Z9, 363.0954
Publication Timeline
Most widely held works by Ashoka Mody
Choices for efficient private provision of infrastructure in East Asia by Harinder S Kohli( )

17 editions published between 1997 and 1998 in English and Undetermined and held by 842 WorldCat member libraries worldwide

Systematic reform, participation, Malyasia, Chile, environment, India
Financial reform what shakes it? what shapes it? by Abdul Abiad( )

33 editions published between 1993 and 2007 in 7 languages and held by 827 WorldCat member libraries worldwide

Despite stops, gaps, and reversals, financial reforms advanced worldwide in the last quarter century. Using a new index of financial liberalization, we conclude that influential events shook the status quo, inducing both reforms and reversals, while learning, more so than ideology and country structure, shaped and sustained widespread reforms. Among shocks, a decline in global interest rates and balance of payments crises strengthened reformers; banking crises were associated with reversals, while new governments brought about both reforms and reversals. Learning occurred domestically-initial reforms raised the likelihood of further reforms-and through observing regional reform leaders. Among structural features, greater openness to trade appears to have increased the pace of financial reform
Infrastructure delivery private initiative and the public good by Ashoka Mody( )

17 editions published in 1996 in English and held by 561 WorldCat member libraries worldwide

Resolution of financial distress an international perspective on the design of bankruptcy laws by Stijn Claessens( )

20 editions published between 2001 and 2002 in English and held by 508 WorldCat member libraries worldwide

Foreign direct investment and the world economy by Ashoka Mody( )

14 editions published between 2005 and 2012 in English and held by 413 WorldCat member libraries worldwide

Asking the question of whether Foreign Direct Investment (FDI) is 'integrating' the world economy, this comprehensive volume consists of an overview of current FDI research
Macroeconomic policies and poverty reduction by Ashoka Mody( Book )

18 editions published between 2005 and 2013 in English and held by 325 WorldCat member libraries worldwide

"Macroeconomic Policies and Poverty Reduction goes beyond the traditional literature on poverty, dealing with this critical topic in a technically sophisticated, yet accessible, manner. Recognizing that economic growth is crucial for poverty reduction, this book nevertheless emphasizes the importance of particular country circumstances in mediating the relationship between growth and poverty reduction. The innovative essays use country case studies to analyze how the political economy of budgetary decisions, financial reforms, and trade liberalization, and periods of crises affect inequality and poverty."--BOOK JACKET
Sudden stops and IMF-supported programs by Barry J Eichengreen( )

17 editions published in 2006 in English and held by 311 WorldCat member libraries worldwide

Could a high-access, quick-disbursing "insurance facility" in the IMF help to reduce the incidence of sharp interruptions in capital flows ("sudden stops")? We contribute to the debate on this question by analyzing the impact of conventional IMF-supported programs on the incidence of sudden stops. Correcting for the non-random assignment of programs, we find that sudden stops are fewer and generally less severe when an IMF arrangement exists and that this form of "insurance" works best for countries with strong fundamentals. In contrast there is no evidence that a Fund-supported program attenuates the output effects of capital account reversals if these nonetheless occur
Germany in an interconnected world economy by Ashoka Mody( )

6 editions published in 2013 in English and held by 308 WorldCat member libraries worldwide

Germany has been a central player in discussions on the future architecture of Europe, and has been called on to play a larger role in supporting global and, especially, European recovery from the financial crisis that triggered the Great Recession. This book focuses on the possible economic role of Germany and shows that the quantitative effects of a German fiscal stimulus would be small on the heavily indebted euro area periphery countries that most need the boost. The book finds that Germany itself faces a growth challenge and that efforts to raise its own growth potential are important for Germany, and that more rapid growth of domestic demand will more powerfully stimulate European economic growth through its expanded demand for imports
Automation and world competition : new technologies, industrial location, and trade by Ashoka Mody( Book )

11 editions published in 1990 in English and held by 280 WorldCat member libraries worldwide

The second transition Eastern Europe in perspective by Stefania Fabrizio( )

16 editions published in 2009 in English and held by 277 WorldCat member libraries worldwide

The countries of Eastern Europe achieved two remarkable transitions in the short period of the last two decades: from plan to market and, then, in the run-up to and entry into the European Union, they rode a wave of global trade and financial market integration. Focusing on the second transition, this paper reaches three conclusions. First, by several metrics, East European and East Asian growth performances were about on par from the mid-1990s; both regions far surpassed Latin American growth. Second, the mechanisms of growth in East Europe and East Asia were, however, very different. East Eu
From Bear Stearns to Anglo Irish how eurozone sovereign spreads related to financial sector vulnerability by Ashoka Mody( )

15 editions published in 2009 in English and held by 275 WorldCat member libraries worldwide

This paper attempts to explain the recent rise and differentiation of sovereign spreads across the countries of the eurozone. Following the onset of the subprime crisis in July 2007, spreads rose but mainly on account of common global factors. The rescue of Bear Stearns in March 2008 marked a turning point. Countries thereafter were increasingly differentiated. Sovereign spreads of a eurozone country tended to rise when the prospects of its domestic financial sector worsened. It appears, therefore, that the rescue of Bear Stearns created a link between financial sector vulnerabilities and a larger contingent liability on public finances. Following the failure of Lehman Brothers, spreads also rose faster for countries with higher ratios of public debt-to-GDP. These transitional dynamics appear to have concluded with the nationalization of Anglo Irish: sovereign spreads throughout the eurozone jumped, with the jump emphasizing the differentiation by financial sector vulnerability and public debt levels. The results imply that, to varying degrees, countries may have moved to a new regime of weak economic outlook, financial sector fragilities, and strains on public finances
International dividend repatriations by Alexander Lehmann( )

12 editions published in 2004 in English and held by 259 WorldCat member libraries worldwide

Income earned by the branches and subsidiaries of multinational firms can be either reinvested in the host country or repatriated as dividends to the firms' headquarters. Despite the rapid growth of foreign direct investment in the 1990s, there has been relatively limited analysis of the dividend behavior of multinationals. We find that investors in multinationals from the two largest foreign- investing countries-the United Kingdom and the United States-require a steady flow of dividends, consistent with a view that such regular dividend payments are a mechanism through which to discipline host-country managers. In contrast, German investors, who tend to invest in riskier countries, do not appear to demand persistent dividend payments. Changes in income also influence dividends. This payout ratio from income appears, for example, to be lower for less risky countries. Finally, the evidence suggests that dividend payments do not necessarily aggravate the balance of payments position during crises
Paths to eurobonds by Stijn Claessens( )

5 editions published in 2012 in English and held by 258 WorldCat member libraries worldwide

This paper discusses proposals for common euro area sovereign securities. Such instruments can potentially serve two functions: in the short-term, stabilize financial markets and banks and, in the medium-term, help improve the euro area economic governance framework through enhanced fiscal discipline and risk-sharing. Many questions remain on whether financial instruments can ever accomplish such goals without bold institutional and political decisions, and, whether, in the absence of such decisions, they can create new distortions. The proposals discussed are also not necessarily competing substitutes; rather, they can be complements to be sequenced along alternative paths that possibly culminate in a fully-fledged Eurobond. The specific path chosen by policymakers should allow for learning and secure the necessary evolution of institutional infrastructures and political safeguards
Can budget institutions counteract political indiscipline? by Stefania Fabrizio( )

10 editions published in 2006 in English and held by 257 WorldCat member libraries worldwide

The budget is an expression of political rather than economic priorities. We confirm this proposition for a group of new and potential members of the European Union, finding that politics dominates. The contemporary practice of democracy can increase budget deficits through not only ideological preferences but also more fragmented government coalitions and higher voter participation. Long-term structural forces, triggered by societal divisions and representative electoral rules, have more ambiguous implications but also appear to increase budget pressures, as others have also found. However, our most robust, and hopeful, finding is that budget institutions-mechanisms and rules of the budget process-that create checks and balances have significant value even when the politics is representative but undisciplined, and when long-term structural forces are unfavorable
Managing confidence in emerging market bank runs by Se-Jik Kim( )

9 editions published between 2004 and 2005 in English and Undetermined and held by 254 WorldCat member libraries worldwide

In a rational-expectations framework, we model depositors' confidence as a function of the probability of future bank bailouts. We analyze the effect of alternative bank bailout policies on depositors' confidence in an emerging market setting, where liquidity shortages of banks are revealed sequentially and governments cannot credibly commit to bailing out all potentially distressed banks. Our findings suggest that allowing early bank failures and using available liquidity for credible commitments to later bailouts can better boost confidence than early bailouts. This conclusion arises because with a high chance of liquidity shortage in the future, depositors may lose confidence and hence withdraw deposits even from potentially sound banks. Such a policy of late bailouts is likely to receive political support when a full bailout needs to be financed by taxation. The logic of late bailout remains valid even when banks may hide their distress or when closures of early distressed banks create contagion
Breaking the impediments to budgetary reforms evidence from Europe by Stefania Fabrizio( )

10 editions published in 2008 in English and held by 236 WorldCat member libraries worldwide

Under what conditions are budget institutions likely to be strengthened? We find that fiscal deficits do not help in focusing policymakers on undertaking reforms. To the contrary, the larger the deficit, the lower is the likelihood of reforms. Large deficits apparently imply strong claims on the budget and, hence, generate unwillingness to impose self-discipline. As such, countries will tend to move either to small fiscal deficits and good institutions or large deficits and weak institutions. Economic shocks (if they are large enough) can help build a constituency for improving budget institutions. However, if forgiving markets accommodate economic shocks, even such pressure may be insufficient. Forwardlooking and credible leadership appears to be an important ingredient of the solution
International public goods : incentives, measurement, and financing by Marco A Ferroni( Book )

15 editions published in 2002 in English and held by 230 WorldCat member libraries worldwide

"This book focuses on actions in the international arena to complement domestic efforts in addressing a set of policy challenges that has become more prominent in the age of globalization. It focuses on the strategic and practical challenges of fostering solutions that have the character of international public goods, paying particular attention to the financing of these goods."--BOOK JACKET
Infrastructure strategies in East Asia : the untold story by Ashoka Mody( Book )

11 editions published between 1996 and 1998 in English and held by 204 WorldCat member libraries worldwide

Case studies, Korea, Taiwan, Malaysia, Hong Kong, Singapore, Japan, East Asia
Would collective action clauses raise borrowing costs? by Barry J Eichengreen( )

33 editions published between 1999 and 2000 in English and Undetermined and held by 199 WorldCat member libraries worldwide

Collective action clauses raise borrowing costs for low-rated borrowers and lower them for high-rated borrowers. This result holds for all developing country bonds and also for the subset of sovereign bond issuers
The role of information in driving FDI flows : host-country transparency and source-country specialization by Ashoka Mody( Book )

33 editions published between 2002 and 2003 in English and held by 199 WorldCat member libraries worldwide

We develop a simple information-based model of FDI flows. On the one hand, the abundance of intangible' capital in specialized industries in the source countries, which presumably generates expertise in screening investment projects in the host countries, enhances FDI flows. On the other hand, host-country corporate-transparency diminishes the value of this expertise thereby reducing the flow of FDI. Empirical evidence (from a sample of 12 source countries and 45 host countries over the 1980s and 1990s) analyzed in a gravity-equation model, provides support to the theoretical hypotheses. The model also demonstrates that the gains for the host country from foreign direct investment [over foreign portfolio investment (FPI)] are reflected in a more efficient size of the stock of domestic capital and its allocation across firms. These gains are shown to depend crucially (and positively) on the degree of competition among FDI investors
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Alternative Names
Ashoka Mody.

Ashūkā Mūdī

Mody, Aska 1956-

Mūdī, Ashūkā

Mūdī, Ashūkā 1956-

مودي، اشوكا

Infrastructure delivery private initiative and the public goodResolution of financial distress an international perspective on the design of bankruptcy lawsMacroeconomic policies and poverty reductionInternational public goods : incentives, measurement, and financingInfrastructure strategies in East Asia : the untold story