WorldCat Identities

Mody, Ashoka

Works: 245 works in 1,000 publications in 6 languages and 15,578 library holdings
Genres: Case studies  History  Conference papers and proceedings 
Roles: Author, Editor, Other, Honoree
Classifications: HC460.5.Z9, 346.078
Publication Timeline
Most widely held works by Ashoka Mody
Financial reform : what shakes it? what shapes it? by Abdul Abiad( )

23 editions published between 2003 and 2007 in 7 languages and held by 1,209 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
Choices for efficient private provision of infrastructure in East Asia by Harinder S Kohli( )

27 editions published between 1997 and 1998 in English and held by 937 WorldCat member libraries worldwide

Germany in an interconnected world economy by Ashoka Mody( )

12 editions published in 2013 in English and Undetermined and held by 893 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
Paths to eurobonds by Stijn Claessens( )

7 editions published in 2012 in English and held by 844 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 financialmarkets 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 onwhether 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
Resolution of financial distress : an international perspective on the design of bankruptcy laws by Stijn Claessens( )

21 editions published between 2001 and 2013 in English and held by 757 WorldCat member libraries worldwide

This book focuses on the principles of and practical
Infrastructure delivery : private initiative and the public good by Ashoka Mody( )

18 editions published in 1996 in English and held by 712 WorldCat member libraries worldwide

Sudden stops and IMF-supported programs by Barry J Eichengreen( )

21 editions published in 2006 in English and held by 543 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
Managing confidence in emerging market bank runs by Ashoka Mody( )

13 editions published between 2004 and 2005 in English and Undetermined and held by 514 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
Foreign direct investment and the world economy by Ashoka Mody( )

17 editions published between 2005 and 2014 in English and held by 512 WorldCat member libraries worldwide

Asking the question of whether Foreign Direct Investment (FDI) is 'integrating' the world economy, this volume consists of an overview of FDI research. It is useful for international and development economists
International dividend repatriations by Alexander Lehmann( )

11 editions published in 2004 in English and Undetermined and held by 493 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
The second transition : Eastern Europe in perspective by Daniel Leigh( )

16 editions published in 2009 in English and held by 489 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 Europe relied on a distinctive--often discredited--model, embracing financial integration with structural change to compensate for appreciating real exchange rates. In contrast, East Asia contained further financial integration and maintained steady or depreciating real exchange rates. Third, the ongoing financial turbulence has, thus far, not had an obviously differential impact on emerging market regions: rather, the hot spots in each region reflect individual country vulnerabilities. If the East European growth model is distinctive, is it sustainable and replicable? The paper speculates on the possibilities. -- EU Bookshop
Can budget institutions counteract political indiscipline? by Stefania Fabrizio( )

12 editions published in 2006 in English and held by 475 WorldCat member libraries worldwide

Breaking the impediments to budgetary reforms : evidence from Europe by Ashoka Mody( )

12 editions published in 2008 in English and held by 460 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
Eurotragedy : a drama in nine acts by Ashoka Mody( Book )

13 editions published between 2018 and 2020 in English and Undetermined and held by 387 WorldCat member libraries worldwide

"The promise of the European pursuit of ever closer union created tremendous optimism that conflict was the past and harmony would be the future. The enthusiasm for economic integration and monetary union, through the Euro, enhanced the confidence that differences among countries could be overcome. In this dynamic and incisive overview of the European project from its beginnings, Ashoka Mody convincingly demonstrates that the tensions and flaws of the European project were both baked-in and foreseen from the beginning. He focuses on personalities whose ambitious and relentless push for integration led them to choose facts and analysis consistent with their visions and to dismiss warnings of turbulence. They thus laid the seeds for disappointment. Mody examines key moments when contradictions were papered-over, compromising the integrity of integration. He shows how political and economic leaders believed the stories they told themselves about the inevitability of a united Europe as a foundation of peace, prosperity, and democratic ideals, even in the face of warnings from the earliest stages that while the political pillars seemed strong, the economic foundations were weak. Mody compellingly shows how monetary union impaired European integration rather than enhanced it. European countries have always had vastly different economic conditions, and the common currency increased divergences rather than smoothing them, as many analysts warned at the time. The economic, financial, and political pathologies of the euro were there from the beginning, even if the global economic boom hid them. With political and economic elites benefitting, they could ignore the growing discontent of those who suffered and the antipathy to the European project in national heartlands. When crisis inevitably hit, leaders denied, delayed, and took half-measures that only further alienated people. If once the inability to deliver on the economic promise caused the political handicaps to worsen, now the political splintering is making it harder to mount an effective response."--
Macroeconomic policies and poverty reduction( Book )

18 editions published between 2005 and 2013 in English and held by 384 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."--Jacket
From Bear Stearns to Anglo Irish by Ashoka Mody( )

2 editions published in 2009 in English and held by 369 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 la
Global public policies and programs : implications for financing and evaluation: proceedings from a World Bank workshop by Christopher D Gerrard( )

22 editions published between 2001 and 2013 in English and held by 334 WorldCat member libraries worldwide

These are the proceedings from a World Bank workshop on global public policies, and programs, assembled from transcripts, and accompanying papers. The combination of market failure, and limited institutional capacity to influence economic, and social change across national borders, underlies public discontent with aid. This formed the basis for discussions, looking for new approaches to the development assistance business, taking into account the growing integration of the global economy, and arguing that, beyond supporting market-friendly reforms, aid strategies must be designed to overcome social, and structural constraints to sustainable development. The broad range of cases examined include efforts to craft commonly accepted standards for the design, and operation of large dams; they address issues of global financial instability; explore the implications of intellectual property rights protection for developing countries; describe the promotion of international agricultural research; probe the implementation of international public health programs; and, identify the dilemmas associated with the financing, and evaluation of global public policies, and programs. Such programs have become center stage because of irreversible processes associated with globalization, and, similar initiatives will dominate the development scene for years to come
Automation and world competition : new technologies, industrial location, and trade by Ashoka Mody( Book )

17 editions published in 1990 in English and held by 297 WorldCat member libraries worldwide

This book analyses the dynamics of international production location and trade. These dynamics are being driven by new technologies (such as microelectronics) and the independent emergence of large low-wage countries such as China
International public goods : incentives, measurement, and financing by Marco A Ferroni( Book )

16 editions published between 2002 and 2013 in English and held by 293 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."--Jacket
Infrastructure strategies in East Asia : the untold story by Ashoka Mody( Book )

14 editions published between 1996 and 1998 in English and held by 236 WorldCat member libraries worldwide

Case studies, Korea, Taiwan, Malaysia, Hong Kong, Singapore, Japan, East Asia
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Infrastructure delivery : private initiative and the public good
Resolution of financial distress : an international perspective on the design of bankruptcy lawsInfrastructure delivery : private initiative and the public goodMacroeconomic policies and poverty reductionGlobal public policies and programs : implications for financing and evaluation: proceedings from a World Bank workshopInternational public goods : incentives, measurement, and financingInfrastructure strategies in East Asia : the untold story
Alternative Names
Ashoka Mody.

Ashoka Mody economista indi

Ashoka Mody economista indio

Ashoka Mody economista indiu

Ashoka Mody Indiaas econoom

Ashoka Mody Indian economist

Ashoka Mody Indian economist and IMF mission chief to Ireland

Ashoka Mody Indischer Ökonom

Ashūkā Mūdī

Mody, Aska 1956-

Mūdī, Ashūkā

Mūdī, Ashūkā 1956-

مودي، اشوكا