Showing 1 - 10 of 48
Capital flows can deliver substantial benefits for countries, but also have the potential to contribute to a buildup of systemic financial risk. Benefits, such as enhanced investment and consumption smoothing, tend to be greater for countries whose financial and institutional development enables...
Persistent link: https://www.econbiz.de/10014408642
Persistent link: https://www.econbiz.de/10014408670
Developing countries fortunate enough to experience capital inflows haveseen rising levels of investment and enhanced economic growth. Capitalinflows have a negative side, however, in that they tend to appreciatethe domestic currency, making exports less competitive, and to encourageinflation....
Persistent link: https://www.econbiz.de/10014402762
While the “dependent economy” approach has been used extensively in theoretical work on developing countries, there is very little empirical analysis of it available in the literature. This paper specifies a dependent economy model which incorporates several developing-country features,...
Persistent link: https://www.econbiz.de/10014397422
Since beginning economic transition, the Czech Republic, Estonia, Hungary, Poland, and Slovenia have—with much success—employed diverse exchange rate regimes. As these countries approach EU accession, they will need to avoid the perils of too much or too little exchange rate variability when...
Persistent link: https://www.econbiz.de/10014402016
Mauritania successfully completed its previous poverty reduction growth facility arrangement in December 2002. The focus of this report is on the effectiveness of policies adopted in the last few years and the medium-term strategy. Macroeconomic stability under the IMF-supported program and the...
Persistent link: https://www.econbiz.de/10005825038
Rwanda’s Second and Third Reviews under the Poverty Reduction and Growth Facility, and request for Waiver of Performance Criteria are discussed. After an extended period characterized by a strong expansion of economic activity, real GDP growth is estimated by IMF staff to have slowed to...
Persistent link: https://www.econbiz.de/10005825455
The staff report for the Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility on Georgia focuses on economic developments and policies. The fiscal situation deteriorated sharply in 2003, especially because of a weakening in expenditure management and in tax...
Persistent link: https://www.econbiz.de/10005591176
in Nigeria. The assessment team reviewed the legal framework for banking supervision and held extensive discussions with … the staff of the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC). It is assessed that … Nigeria has recorded significant improvement in its level of compliance with the BCPs, which is attributed to the enhancement …
Persistent link: https://www.econbiz.de/10011244308
Nigeria (CBN) should enhance further its work in improving cross-border supervision, including home-host coordination and …
Persistent link: https://www.econbiz.de/10011244542