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We look into Brazil''s public sector accounts during the two administrations of President Fernando Henrique Cardoso …
Persistent link: https://www.econbiz.de/10014404090
revenue from seigniorage for the EC member countries with particular focus on the high inflation countries. Assuming that by … 1992 all EC members participate fully in the EMS and reserve requirements are unified, the revenue from seigniorage will be … different measures of seigniorage yield similar results regarding the change, but differ regarding the level …
Persistent link: https://www.econbiz.de/10014396444
cointegration approach. It finds that labor flows, and notably flows from outside the labor market, are important determinants of …
Persistent link: https://www.econbiz.de/10014401436
This paper presents an overview of the different methodologies that can be used to measure the amount of available slack in an economy. A comparison of these alternatives reveals that the evolution of the Nairu is crucial for understanding recent cyclical developments in the French economy. A...
Persistent link: https://www.econbiz.de/10014403325
Persistent link: https://www.econbiz.de/10009507596
This report provides a Debt Sustainability Analysis (LIC-DSA) of Grenada's public and publicly guaranteed (PPG) external and total debt for 2018. The macro-framework incorporates all previous debt restructurings, including the November 2017 haircut on commercial debt. Total public debt has...
Persistent link: https://www.econbiz.de/10012645617
Benin remains at moderate risk of external debt distress. The rating is unchanged from the previous November 2018 DSA. All the projected external debt burden indicators remain below their thresholds under the baseline, but the ratio of the present value (PV) of external debt to exports exceeds...
Persistent link: https://www.econbiz.de/10012646558
With some 19 million US Dollars (1.6 percent of GDP) in unresolved arrears to official bilateral creditors, Grenada remains in external public debt distress. However, debt appears sustainable reflecting favorable projected debt dynamics from substantial fiscal surpluses that are supported by the...
Persistent link: https://www.econbiz.de/10012646559
The joint World Bank/IMF Debt Sustainability Analysis (DSA) has been prepared in the context of the 2019 Article IV Consultation, for the first time based on the revised framework for low-income countries. Results indicate moderate risk of debt distress for both external and overall public debt....
Persistent link: https://www.econbiz.de/10012646560
An updated joint assessment of Rwanda's debt sustainability suggests continued low risk of external debt distress. External debt burden indicators remain below risk thresholds, except for a short and temporary breach of debt service indicators in 2023, when the Eurobond issued in 2013 matures....
Persistent link: https://www.econbiz.de/10012646561