Development Finance Via Diaspora Bonds Track Record And Potential

Author : Suhas L. Ketkar
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.00/5 ( download)

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Download or read book Development Finance Via Diaspora Bonds Track Record and Potential written by Suhas L. Ketkar and published by . This book was released on 2016 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: A diaspora bond is a debt instrument issued by a country - or potentially, a sub-sovereign entity or a private corporation - to raise financing from its overseas diaspora. Israel and India have raised $35-40 billion using these bonds. Drawing on their experiences, this paper discusses the rationale, methodology, and factors affecting the issuance of diaspora bonds for raising external development finance. The Government of Israel has offered a flexible menu of diaspora bonds since 1951 to keep the Jewish diaspora engaged. The Indian authorities, in contrast, have used this instrument for balance of payments support, to raise financing during times when they had difficulty in accessing international capital markets. Diaspora bonds are often sold at a premium to the diaspora members, thus fetching apatrioticdiscount in borrowing costs. Besides patriotism or the desire to do good in the investor's country of origin, such a discount can also be explained by the fact that diaspora investors may be more willing and able to take on sovereign risks of default in hard currency as well as devaluation as they may have local currency liabilities and they may be able to influence the borrower's decision to service such debt. The paper discusses several conditions for successful diaspora bond issuance having a sizeable diaspora, especially first-generation migrants, is understandably an important factor affecting the issuance of diaspora bonds. Countries with strong and transparent legal systems for contract enforcement are likely to find it easier to issue such bonds. Absence of civil strife is a plus. While not a pre-requisite, presence of national banks and other institutions in destination countries facilitates the marketing of bonds to the diaspora.

Author : Suhas L. Ketkar
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.31/5 ( download)

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Download or read book Development Finance Via Diaspora Bonds written by Suhas L. Ketkar and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Suhas L. Ketkar
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4./5 ( download)

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Download or read book Development Finance Via Diaspora Bonds written by Suhas L. Ketkar and published by World Bank Publications. This book was released on 2007 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: A diaspora bond is a debt instrument issued by a country - or potentially, a sub-sovereign entity or a private corporation - to raise financing from its overseas diaspora. Israel and India have raised $35-40 billion using these bonds. Drawing on their experiences, this paper discusses the rationale, methodology, and factors affecting the issuance of diaspora bonds for raising external development finance. The Government of Israel has offered a flexible menu of diaspora bonds since 1951 to keep the Jewish diaspora engaged. The Indian authorities, in contrast, have used this instrument for balance of payments support, to raise financing during times when they had difficulty in accessing international capital markets. Diaspora bonds are often sold at a premium to the diaspora members, thus fetching a "patriotic" discount in borrowing costs. Besides patriotism or the desire to do good in the investor's country of origin, such a discount can also be explained by the fact that diaspora investors may be more willing and able to take on sovereign risks of default in hard currency as well as devaluation as they may have local currency liabilities and they may be able to influence the borrower's decision to service such debt. The paper discusses several conditions for successful diaspora bond issuance having a sizeable diaspora, especially first-generation migrants, is understandably an important factor affecting the issuance of diaspora bonds. Countries with strong and transparent legal systems for contract enforcement are likely to find it easier to issue such bonds. Absence of civil strife is a plus. While not a pre-requisite, presence of national banks and other institutions in destination countries facilitates the marketing of bonds to the diaspora.

Author : Suhas L. Ketkar
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4./5 ( download)

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Download or read book Development Finance Via Diaspora Bonds written by Suhas L. Ketkar and published by World Bank Publications. This book was released on 2013 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: A diaspora bond is a debt instrument issued by a country - or potentially, a sub-sovereign entity or a private corporation - to raise financing from its overseas diaspora. Israel and India have raised $35-40 billion using these bonds. Drawing on their experiences, this paper discusses the rationale, methodology, and factors affecting the issuance of diaspora bonds for raising external development finance. The Government of Israel has offered a flexible menu of diaspora bonds since 1951 to keep the Jewish diaspora engaged. The Indian authorities, in contrast, have used this instrument for balance of payments support, to raise financing during times when they had difficulty in accessing international capital markets. Diaspora bonds are often sold at a premium to the diaspora members, thus fetching a "patriotic" discount in borrowing costs. Besides patriotism or the desire to do good in the investor's country of origin, such a discount can also be explained by the fact that diaspora investors may be more willing and able to take on sovereign risks of default in hard currency as well as devaluation as they may have local currency liabilities and they may be able to influence the borrower's decision to service such debt. The paper discusses several conditions for successful diaspora bond issuance having a sizeable diaspora, especially first-generation migrants, is understandably an important factor affecting the issuance of diaspora bonds. Countries with strong and transparent legal systems for contract enforcement are likely to find it easier to issue such bonds. Absence of civil strife is a plus. While not a pre-requisite, presence of national banks and other institutions in destination countries facilitates the marketing of bonds to the diaspora.

Author : Sadananda Sahoo
Publisher : Springer Science & Business Media
ISBN 13 : 8132210476
Total Pages : 400 pages
Book Rating : 4.74/5 ( download)

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Download or read book Global Diasporas and Development written by Sadananda Sahoo and published by Springer Science & Business Media. This book was released on 2013-12-02 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: ​This volume discusses how diasporas have evolved and engaged in economic, social and cultural domains of their host and home countries across the globe. The volume is divided into six parts: Issues, Challenges and Development Experiences; Diaspora Finance and Economic Development; Knowledge Transfer and Diasporas; The Politics of Inclusion and Exclusion; Gender and Diasporas; and Representation in Film, Theatre and Literature. It is truly a global representation of diasporic engagement. Its contributions come from experts in various disciplines across the globe, and the chapters cover socioeconomic, policy-related and cultural elements in countries as far apart as New Zealand and Zimbabwe. The contributors discuss major issues related to local communities' engagement with the diaspora and diaspora--home relations in Africa, West Asia, South and South-east Asia, Australia and New Zealand, China, and the USA, providing a panoramic view of diasporic flows in the twenty-first century. The interdisciplinary thrust of the volume, together with its global focus, makes this volume useful to researchers, academics and experts from the social sciences, population sciences and development studies, as also to analysts and policymakers across the world.

Author : Alexander Betts
Publisher : OUP Oxford
ISBN 13 : 0191616745
Total Pages : 368 pages
Book Rating : 4.47/5 ( download)

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Download or read book Global Migration Governance written by Alexander Betts and published by OUP Oxford. This book was released on 2011-01-06 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlike many other trans-boundary policy areas, international migration lacks coherent global governance. There is no UN migration organization and states have signed relatively few multilateral treaties on migration. Instead sovereign states generally decide their own immigration policies. However, given the growing politicisation of migration and the recognition that states cannot always address migration in isolation from one another, a debate has emerged about what type of international institutions and cooperation are required to meet the challenges of international migration. Until now, though, that emerging debate on global migration governance has lacked a clear analytical understanding of what global migration governance actually is, the politics underlying it, and the basis on which we can make claims about what 'better' migration governance might look like. In order to address this gap, the book brings together a group of the world's leading experts on migration to consider the global governance of different aspects of migration. The chapters offer an accessible introduction to the global governance of low-skilled labour migration, high-skilled labour migration, irregular migration, lifestyle migration, international travel, refugees, internally displaced persons, human trafficking and smuggling, diaspora, remittances, and root causes. Each of the chapters explores the three same broad questions: What, institutionally, is the global governance of migration in that area? Why, politically, does that type of governance exist? How, normatively, can we ground claims about the type of global governance that should exist in that area? Collectively, the chapters enhance our understanding of the international politics of migration and set out a vision for international cooperation on migration.

Author : David Hudson
Publisher : Routledge
ISBN 13 : 1134612710
Total Pages : 398 pages
Book Rating : 4.10/5 ( download)

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Download or read book Global Finance and Development written by David Hudson and published by Routledge. This book was released on 2014-11-27 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: The question of money, how to provide it, and how to acquire it where needed is axiomatic to development. The realities of global poverty and the inequalities between the ‘haves’ and the ‘have-nots’ are clear and well documented, and the gaps between world’s richest and the world’s poorest are ever-increasing. But, even though funding development is assumed to be key, the relationship between finance and development is contested and complex. This book explores the variety of relationships between finance and development, offering a broad and critical understanding of these connections and perspectives. It breaks finance down into its various aspects, with separate chapters on aid, debt, equity, microfinance and remittances. Throughout the text, finance is presented as a double-edged sword: while it is a vital tool towards poverty reduction, helping to fund development, more critical approaches remind us of the ways in which finance can hinder development. It contains a range of case studies throughout to illustrate finance in practice, including, UK aid to India, debt in Zambia, Apple’s investment in China, microfinance in Mexico, government bond issues in Chile, and financial crisis in East Asia. The text develops and explores a number of themes throughout, such as the relationship between public and private sources of finance and debates about direct funding versus the allocation of credit through commercial financial markets. The book also explores finance and development interactions at various levels, from the global structure of finance through to local and everyday practices. Global Finance and Development offers a critical understanding of the nature of finance and development. This book encourages the reader to see financial processes as embedded within the broader structure of social relationships. Finance is defined and demonstrated to be money and credit, but also, crucially, the social relationships and institutions that enable the creation and distribution of credit and the consequences thereof. This valuable text is essential reading for all those concerned with poverty, inequality and development.

Author : Jürgen Meckl
Publisher : Walter de Gruyter GmbH & Co KG
ISBN 13 : 3110507528
Total Pages : 160 pages
Book Rating : 4.22/5 ( download)

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Download or read book Migration and Development written by Jürgen Meckl and published by Walter de Gruyter GmbH & Co KG. This book was released on 2016-11-21 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : M. Collyer
Publisher : Springer
ISBN 13 : 1137277106
Total Pages : 313 pages
Book Rating : 4.07/5 ( download)

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Download or read book Emigration Nations written by M. Collyer and published by Springer. This book was released on 2013-10-16 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some states have a long history of reaching out to citizens living in other countries but since 2000 it has become much more common for states to encourage loyalty from current or former citizens living abroad. Using detailed case studies, this book sets out to explain this significant development, with an innovative new theoretical framework.

Author : Dieu Hack-Polay
Publisher : Springer
ISBN 13 : 3319720473
Total Pages : 282 pages
Book Rating : 4.70/5 ( download)

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Download or read book African Diaspora Direct Investment written by Dieu Hack-Polay and published by Springer. This book was released on 2018-03-14 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining the experiences of Africans setting up businesses back home, the main focus of this book is to establish the economic, social and psychological reasons for such ‘home direct investment’. Despite the personal sacrifices that are often needed in order to set up new ventures, the diaspora invests relentless effort and motivations in the pursuit of home ventures. The authors explore critical areas such as the social and psychological pressures that African Diasporas experience when investing in their home countries, as well as the management of diaspora businesses and the impact of such investment to local economies.