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The recent financial crisis has given renewed urgency to the need for resolution systems for financial institutions, which both safeguard financial stability and limit moral hazard. However, experience demonstrates that these systems will not be effective unless progress is also made in...
Persistent link: https://www.econbiz.de/10014410343
This paper reviews progress under the Fund's strengthened cooperative strategy on overdue financial obligations. Since the last review, total arrears to the Fund declined by SDR 17.5 million to SDR 1,309.5 million. Payments to the Fund by Sudan and Zimbabwe were in excess of new obligations...
Persistent link: https://www.econbiz.de/10014410203
"how to do" energy subsidy reform, drawing on insights from 22 country case studies and analyses carried out by other … institutions, and it offers summary narratives and analyses of reform efforts undertaken in each of those 22 countries"--Preface …
Persistent link: https://www.econbiz.de/10010244221
reform, drawing on insights from 22 country case studies undertaken by IMF staff and analyses carried out by other …
Persistent link: https://www.econbiz.de/10014410519
Financial sector liberalization can spur economic growth and development, but reforms to liberalize the financial sector can also entail risks if they are not properly designed and implemented. One of the central questions for countries reforming their financial systems is how to sequence the...
Persistent link: https://www.econbiz.de/10014399517
Persistent link: https://www.econbiz.de/10004664415
reform, because politicians have the incentive to embrace growth-enhancing reforms to win elections. On the other hand … but bring future prosperity. We test these hypotheses, using data on micro-economic reforms from the World Bank’s Doing …
Persistent link: https://www.econbiz.de/10005124381
. Members have the same consumption benefit of reform but weak and strong members differ in their cost of exerting reform … efforts. As decisions are taken by unanimity, the reform level is determined by the weakest member. However, strong members … members into the Union) can have different effects on deepening (more reform effort). When a new member is stronger than the …
Persistent link: https://www.econbiz.de/10005504398
banks in 26 former socialist economies (FSEs). The indices reveal that central bank reform in the FSE during the 1990s has …
Persistent link: https://www.econbiz.de/10005656198
economic reforms. We test this hypothesis using data on microeconomic reforms from the World Bank’s Doing Business database … on resource abundance equals 10.9 percentage points more reform, a large effect given that the mean probability of reform …
Persistent link: https://www.econbiz.de/10005666720