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Fiscal decentralization has been, and remains high on the policy agenda of many countries. It is mainly driven by political pressures, which tend to be especially evident in countries with multiple ethnicities, and/or wide regional disparities in incomes or resource endowments. More generally,...
Persistent link: https://www.econbiz.de/10014410401
Conventional wisdom postulates that there are benefits from decentralizing government finances but there is little empirical evidence about actual country practices. This paper presents data on fiscal decentralization for about 80 countries over a period of about 20 years (1990-2008) from the...
Persistent link: https://www.econbiz.de/10014399352
This note provides an update on the status of Doha negotiations and an outlook on significant non-Doha trade issues …
Persistent link: https://www.econbiz.de/10014410502
This paper analyzes the factors determining the payment on outstanding debt in the presence of partial defaults, and the feasibility of renewed investment. We show that a higher relative size of sectors with lower substitutability between domestic and foreign products will increase the resource...
Persistent link: https://www.econbiz.de/10014395302
negotiations. The analysis illustrates how various factors, such as the debtor’s gains from trade and the level of world interest …
Persistent link: https://www.econbiz.de/10014396326
agreement with the Government of Canada (Canada), and has entered into amendments to the 2010 borrowing agreement with De … with Canada and the amendments to the borrowing agreements with The Netherlands and Korea will each provide new resources …
Persistent link: https://www.econbiz.de/10014408742
Canada and the Fund. The Government of Canada announced its willingness to lend up to USD 10 billion to the Fund to support …
Persistent link: https://www.econbiz.de/10014410267
This Selected Issues paper for Canada presents comprehensive and broad-based analysis of the role of domestic and … external shocks. Canada’s economic history illustrates the important role played by external as well as domestic macroeconomic … disturbances. Canada’s economy slowed in 2001 because of the global slowdown, although by less than in many other countries. In …
Persistent link: https://www.econbiz.de/10014405847
Canada’s 2005 Article IV Consultation highlights that it has benefited from a strong institutional framework and …, but external developments are creating uncertainties. The Bank of Canada appears to have room to maintain a patient and …
Persistent link: https://www.econbiz.de/10014406019
geared toward boosting productivity. Canada’s commitment to exchange rate flexibility has been helpful in facilitating the …
Persistent link: https://www.econbiz.de/10014406100