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The main findings are as follows: (1) an increase in private national saving during 2001-03 was the key contributor to the turnaround in Pakistan''s external current account during this period; (2) while Pakistan''s growth was mainly export-led before 2003-04, it was largely led by domestic...
Persistent link: https://www.econbiz.de/10014400063
A study by the author published in 1988 proposed the hypothesis that export instability depends upon the level of industrialization of the exporting country and the position of exports in the product cycle (growth or mature products). This paper provides further empirical evidence in support of...
Persistent link: https://www.econbiz.de/10014396185
Islam proposes the replacement of an interest-based financial system with one which operates on the basis of risk and profit sharing. Using a general equilibrium model, this paper investigates some open-economy implications of the adoption of Islamic banking for growth and stabilization of the...
Persistent link: https://www.econbiz.de/10014396001
The role of trade in the global economy is at a critical juncture. Increased trade integration helped to drive economic growth in advanced and developing economies in the latter part of the 20th century. Since the early 2000's, however, a slowdown in the pace of trade reform, a post-crisis...
Persistent link: https://www.econbiz.de/10014408691
Although Turkey’s economic performance has been strong, growing external imbalances exposed the country to a reversal …
Persistent link: https://www.econbiz.de/10014404834
This paper examines Turkey’s Seventh Review Under the Stand-By Arrangement, and Requests for Waiver of Applicability …
Persistent link: https://www.econbiz.de/10014404859
This paper assesses Turkey’s Tenth Review Under the Stand-By Arrangement (SBA). The IMF supports Turkey’s economic …
Persistent link: https://www.econbiz.de/10014407177
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Persistent link: https://www.econbiz.de/10014407346
This paper examines Turkey’s 2002 Article IV Consultation and First Review Under the Stand-By Arrangement (SBA). In … against future crises, and to continue Turkey’s ambitious reform agenda. Under the 2002–04 Program, the continuation of the …
Persistent link: https://www.econbiz.de/10014407347
This paper examines Turkey’s Request for a Stand-By Arrangement (SBA). The program contains several measures to free up … the growth potential of Turkey’s private sector. The program rightly addresses key obstacles to domestic and foreign … private investment. Although the program faces real risks, Turkey’s policy record under the May 2001 program increases the …
Persistent link: https://www.econbiz.de/10014407348