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Contacts, Credibility and Common Knowledge : Their Influenceon Inflation Convergence

International Monetary Fund - 1989

This paper explains why sovereign issuers of reserve currencies do not use unexpected inflation to repudiate their foreign liabilities. Monetary restraint is exercised because of the fear that reserve users will switch to other currencies if an attempt is made to raise “excessive” revenue....

Persistent link: https://www.econbiz.de/10014396294

Externalities. Incentives, and Economic Reforms

International Monetary Fund - 1990

The paper emphasizes the role of institutions and incentives in the presence of externalities. An economy with multiple … effective institutions exist for overcoming coordination failure. External financing may weaken incentives for adjustment over … that strengthen incentives to provide effort. Uncertainty regarding future taxes reduces present effort and the …

Persistent link: https://www.econbiz.de/10014396155

Debt Relief and Adjustment Incentives : A Theoretical Exploration

International Monetary Fund - 1988

The purpose of this paper is to analyze the argument that debt relief would increase the incentive of a debtor country to make an adjustment effort (to invest) and that for this reason creditors may benefit by granting relief. It is shown that there are actually opposing incentive effects of...

Persistent link: https://www.econbiz.de/10014396170

Dissemination of Technical Assistance Information

International Monetary Fund - 2008

This paper sets out a framework for streamlined and strengthened procedures for the wider dissemination of technical assistance-related information ("TA Information"). On the basis of this framework, management intends to issue guidelines to the staff setting forth these new procedures

Persistent link: https://www.econbiz.de/10014410167

Progress Report on Inclusion of Enhanced Contractual Provisions in International Sovereign Bond Contracts

International Monetary Fund - 2015

As part of the Fund's ongoing work on sovereign debt restructuring, in October 2014 the Executive Board endorsed the inclusion of key features of enhanced pari passu provisions and collective action clauses (CACs) in new international sovereign bonds.1 Specifically, the Executive Board endorsed...

Persistent link: https://www.econbiz.de/10014408555

Second Progress Report On Inclusion of Enhanced Contractual Provisions in International Sovereign Bond Contracts

International Monetary Fund - 2016

endorsed in October 2014 the inclusion of key features of enhanced pari passu provisions and collective action clauses (CACs) in new international sovereign bonds. Specifically, the Executive Board endorsed the use of (i) a modified pari passu provision that explicitly excludes the obligation to...

Persistent link: https://www.econbiz.de/10014408594

Third Progress Report on Inclusion of Enhanced Contractual Provisions in International Sovereign Bond Contracts

International Monetary Fund - 2017

The IMF Executive Board endorsed in October 2014 the inclusion of key features of enhanced pari passu provisions and collective action clauses (CACs) in new international sovereign bonds.1 Specifically, the Executive Board endorsed the use of (i) a modified pari passu provision that explicitly...

Persistent link: https://www.econbiz.de/10014408635

Options for Low Income Countries' Effective and Efficient Use of Tax Incentives for Investment : Tools for the Assessment of Tax Incentives

International Monetary Fund - 2015

This background paper describes five different tools that can be used for the assessment of tax incentives by … framework for assessment. Evaluations of the various costs and benefits of tax incentives are vital for informed decision making … light on the implications of tax parameters - including targeted tax incentives - on investment returns and help understand …

Persistent link: https://www.econbiz.de/10012644783

Government budgeting and expenditure controls : theory and practice

Premchand, Arigapudi; Premchand, A. - 1983

Persistent link: https://www.econbiz.de/10000637896

A supply-side look at tax incentives : definition, design, and selection criteria of efficient tax incentives

Sanchez-Ugarte, Fernando (contributor); … - 1985

Persistent link: https://www.econbiz.de/10003248497

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