Der Länderbericht des IMF über Turkmenistan beschreibt das wirtschaftliche Umfeld des Landes. In einzelnen Kapiteln wird auf die jüngere wirtschaftliche Entwicklung eingegangen, die institutionellen Rahmenbedingungen für die Wirtschaftspolitik dargestellt und das Wirtschaftsreformprogramm...

Die Republik Weißrußland stellte am 15. Januar 1992 den Aufnahmeantrag in den IMF und die Weltbankgruppe. Im Februar 1992 bereiste ein IMF-Expertenteam Weißrußland und besuchte Minsk um diesen Bericht zu erarbeiten und die dafür nötigen Informaationen zu sammeln. Der Besuch fiel mit dem...

Am 3. Januar 1992 stellte der Präsident der russischen Föderation den offiziellen Antrag auf Aufnahme in den IMF und die Weltbankgruppe. Bereits seit November 1991 besuchten IMF-Experten Moskau, um mit den russischen Behörden die Wirtschaftspolitik zu besprechen, eine fundierte...

This paper provides the most comprehensive empirical study of the effectiveness of macroprudential instruments to date. Using data from 49 countries, the paper evaluates the effectiveness of macroprudential instruments in reducing systemic risk over time and across institutions and markets. The...

This paper explores inflation determinants within the EU and implications for new members' euro adoption plans. Factor analysis partitions observed inflation in EU25 countries into common-origin and country-specific (idiosyncratic) components. Cross-country differences in common-origin inflation...

Non-oil growth in the CFA oil exporting countries has been lackluster despite their great natural resource wealth. In this paper we study the key determinants of non-oil growth and explore to what extent these countries differ from countries with comparable levels of development that do not...

The 2008 crisis underscored the interconnectedness of the international business cycle, with U.S. shocks leading to the largest global slowdown since the 1930s. We estimate spillover effects across major advanced country regions in a structural VAR (SVAR) using pre-crisis data. Our new method...

This paper focuses on post-crisis fiscal priorities in the ASEAN-5 economies - Indonesia, Malaysia, Philippines, Singapore and Thailand. Sound economic fundamentals and timely and forceful policy responses to the crisis, including fiscal stimulus, contributed to rapid economic recovery in the...

Rodriguez and Rodrik (2000) argue that the relation between openness and growth is still an open question. One of the main problems in the assessment of the effect is the endogeneity of the relation. In order to address this issue, this paper applies the identification through heteroskedasticity...

The main findings are as follows: (1) an increase in private national saving during 2001-03 was the key contributor to the turnaround in Pakistan's external current account during this period; (2) while Pakistan's growth was mainly export-led before 2003-04, it was largely led by domestic demand...