The Art of Knowledge Exchange : A Primer for Government Officials and Development Practitioners

The Art of Knowledge Exchange : A Primer for Government Officials and Development Practitioners

In 2009, in the midst of the financial crisis, analysts were concerned that banks in Nepal were dangerously overexposed to inflated real estate and equity markets. Nepal's Central Bank (NRB) decided to evaluate its commercial banks, but needed...

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Bibliographic Details
Main Author:	World Bank
Format:	Working Paper
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCESS TO TECHNOLOGY ACHIEVEMENT AGENTS ANALOGY BEST PRACTICES BODY OF INFORMATION BRAINSTORMING BUSINESS LEADERS BUSINESS PROCESS BUSINESS PROCESSES CAPACITY BUILDING CHANGE AGENTS CHANGE PROCESS CLIENT COUNTRIES COLLABORATION COMMUNITY OF PRACTICE CONSENSUS BUILDING DAIRY SECTOR DEVELOPMENT PROJECTS DISCUSSION DISCUSSIONS DOCUMENTS ECONOMIC GROWTH ECONOMIES OF SCALE ELEMENTS EQUIPMENT EXPLICIT KNOWLEDGE FACE-TO-FACE MEETINGS FUNDING MECHANISMS GENDER GLOBAL KNOWLEDGE GOOD PRACTICE HUMAN RESOURCES ICT IDEA IDEAS INFORMATION MANAGEMENT INFORMATION SHARING INNOVATION INSIGHTS INTEGRATION INTELLECTUAL CAPITAL INTUITION KNOW-HOW KNOWING KNOWLEDGE EXCHANGE KNOWLEDGE FOR DEVELOPMENT KNOWLEDGE PLATFORMS KNOWLEDGE SHARING KNOWLEDGE TRANSFER LEADING LEARNERS LEARNING LEARNING DESIGN LEARNING OUTCOMES LICENSING LITERACY MARKETING MINISTRIES OF AGRICULTURE NETWORKS NGOS PRACTICAL KNOWLEDGE PRACTITIONERS PRIVATE SECTOR PROFESSIONAL ASSOCIATIONS REPOSITORY OF INFORMATION SOURCES OF KNOWLEDGE SUBJECT MATTER SUBJECT MATTER EXPERT TACIT KNOWLEDGE THINK TANKS TYPES OF KNOWLEDGE VARIETY VIDEO CONFERENCING WISDOM WORK ENVIRONMENT
Online Access:	http://documents.worldbank.org/curated/en/2013/01/17193727/art-knowledge-exchange-primer-government-officials-development-practitioners http://hdl.handle.net/10986/16506

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Summary:	In 2009, in the midst of the financial crisis, analysts were concerned that banks in Nepal were dangerously overexposed to inflated real estate and equity markets. Nepal's Central Bank (NRB) decided to evaluate its commercial banks, but needed outside expertise and assistance for stress-testing its banks and assessing the damages that could result from economic shocks. Standard International Monetary Fund (IMF) models for evaluating banks in developed economies, however, proved too complex and were unsuitable for the circumstances of a small developing country. Meanwhile, the State Bank of Pakistan (SBP) had been carrying out quarterly stress-testing of banks in Pakistan. Upon hearing about SBP's capabilities from the World Bank, NRB leadership was eager to learn how to apply Pakistan's regulatory analysis in Nepal. The World Bank facilitated and funded a knowledge exchange between the two central banks so that NRB staff could learn to use a simplified stress-testing, scenario-based model to evaluate the financial stability of Nepal's banks, develop regulations to maintain the stability of banking institutions, and establish contingency plans in the case of failure of a Nepalese bank. This story demonstrates the power of doing development differently. Nepal is very motivated to solve a pressing problem. It actively shops for a solution: the standard model is not suitable, but the Pakistani model is. Pakistan is eager to share its model with Nepal. Nepal adopts and adapts it, and it works.

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