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The paper applies an empirical model, based on the economic theory of public choice, to the Group of Seven countries …
Persistent link: https://www.econbiz.de/10014395824
This paper develops a political-economy model of the budget process focusing on the common pool problem of the public budget. We show that the externality arising from the fact that public spending tends to be targeted at individual groups in society while the tax burden is widely dispersed...
Persistent link: https://www.econbiz.de/10014398060
We examine the effects of oil rents on corruption and state stability exploiting the exogenous within-country variation of a new measure of oil rents for a panel of 31 oil-exporting countries during the period 1992 to 2005. We find that an increase in oil rents significantly increases...
Persistent link: https://www.econbiz.de/10014402218
Persistent link: https://www.econbiz.de/10014411409
The Thirty-Sixth Issue of Selected Decisions and Selected Documents of the International Monetary Fund includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the IMF, as well as selected documents relevant to the current activities of the Fund
Persistent link: https://www.econbiz.de/10014396252
This paper describes the appropriate maturity of IMF lending in capital account crises, and of the related issue of the mix between Supplemental Reserve Facility (SRF) and Stand-By Arrangement (SBA) resources. Several of the programs supported by exceptional access have been quite successful in...
Persistent link: https://www.econbiz.de/10014397048
This paper presents a draft Decision that reflects the guidance provided by the Board. In February, the Board endorsed … three overarching principles to guide a new Decision: (i) no new obligations for members, together with confirmation that …
Persistent link: https://www.econbiz.de/10014409834
The proposed Decision seeks to implement the staff's proposals related to Article IV consultation cycles in Review of …
Persistent link: https://www.econbiz.de/10014410134
This paper discusses several IMF's selected decisions of the Executive Board and related documents annex to fourteenth issue. Pursuant to Section III, paragraph 2 of the Instrument to Establish the Enhanced Structural Adjustment Facility Trust, the IMF in its capacity as Trustee of that Trust,...
Persistent link: https://www.econbiz.de/10014411138
This paper presents Selected Decisions and Selected Documents' Fourth Issue of the IMF. In order to ensure the uniform application of the relevant Articles of Agreement as they apply to determinations of member's net official holdings of gold and US dollars for the purposes of Article III,...
Persistent link: https://www.econbiz.de/10014411139