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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
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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
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Asset Prices and Time-Varying Risk
International Monetary Fund - 1988
time-varying risk. Some work by Abel provided us with the insights needed to produce such formulas. This paper gives a …
Persistent link: https://www.econbiz.de/10014396175
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Model Uncertainty. Learning, and the Gains from Coordination
International Monetary Fund - 1988
The paper considers gains from international economic policy coordination when there is uncertainty concerning the functioning of the world economy, but also learning about the “true” model on the part of policymakers. The paper reports estimates of plausible alternative versions of a...
Persistent link: https://www.econbiz.de/10014395854
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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
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Strategic Investment in a Debt Bargaining Framework
International Monetary Fund - 1989
This paper analyzes the strategic role of investment from a debtor country’s perspective. The framework is one in which, if the debtor country is unable to meet debt obligations, a bargaining regime determines the amount of debt repayment. In the context of a two-country real trade model, debt...
Persistent link: https://www.econbiz.de/10014396211
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Interest Rate Volatility and Risk in Indian Banking
International Monetary Fund - 2004
assess the interest rate risk carried by a sample of Indian banks in March 2002. We find evidence of substantial exposure to …
Persistent link: https://www.econbiz.de/10014404135
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Fiscal Transparency, Accountability, and Risk
International Monetary Fund - 2012
This paper surveys that state of fiscal transparency in the wake of the current crisis and looks at what can be done to improve it. It examines the relationship between fiscal transparency and fiscal outcomes; reviews progress in promoting greater fiscal transparency over the past decade; considers...
Persistent link: https://www.econbiz.de/10014410215
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Global Risks, Vulnerabilities, and Policy Challenges Facing Low-Income Countries
International Monetary Fund - 2012
The rapid recovery in many low-income countries (LICs) following the global crisis has been sustained in 2012. Softening commodity prices have led to moderating inflation pressures in most LICs. However, progress in rebuilding policy buffers has halted over the past two years, despite continued...
Persistent link: https://www.econbiz.de/10014410327
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2013 Low-Income Countries Global Risks and Vulnerabilities Report
International Monetary Fund - 2013
An assessment of vulnerabilities and risks in LICs remains important both for LICs themselves and for the international community. There are currently 74 LICs, eligible for concessional financing from the Fund. This group of countries has a total population of about 1.3 billion, with an average...
Persistent link: https://www.econbiz.de/10014410548