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to assess the cases of three Asian countries, namely Korea, the Philippines, and Thailand. The “optimal debt policy” for … period, Korea was quite successful in managing its external debt, while the Philippines was less successful. The case of …
Persistent link: https://www.econbiz.de/10014396347
We study the impact of a minimum wage on business cycle volatility, depending upon its coverage and adjustment mechanism. As with other small open economies, Hong Kong SAR is vulnerable to external shocks, with its exchange rate regime precluding active monetary policy. Adjustment to past shocks...
Persistent link: https://www.econbiz.de/10014401464
This study estimated Indonesia's potential growth rate and examined its underlying determinants. Implementing a … stability, and support capital market development. This paper also reviews the level and structure of tax revenues in Indonesia …, estimates tax effort and tax efficiency, and discusses potential areas of revenue mobilization. Indonesia's financial linkages …
Persistent link: https://www.econbiz.de/10009510804
This paper examines some of the key issues in the conduct of Philippine monetary policy since 1984, including the various shocks to the economy and the monetary authorities’ choice of intermediate policy targets and instruments used to achieve those targets. Against this background, estimates...
Persistent link: https://www.econbiz.de/10014396098
Persistent link: https://www.econbiz.de/10009582713
Over the past decade, Indonesia has developed into an important regional and global economy, as well as an active … that Indonesia has achieved, while also clearly laying out an agenda of measures that should be taken to safeguard these … indicators, the contributors have delved into the ways that global volatility, especially since 2008, has affected Indonesia and …
Persistent link: https://www.econbiz.de/10014397052
Persistent link: https://www.econbiz.de/10009424875
This paper examines the impact of macroeconomic and financial sector policy announcements in the United States, the United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia. Announcements of interest rate cuts, liquidity support, liability...
Persistent link: https://www.econbiz.de/10014402377
The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff economists' analyses of global economic developments during the near and medium term. Chapters give an overview of the world economy; consider issues affecting industrial countries,...
Persistent link: https://www.econbiz.de/10014403935
The COVID-19 pandemic has created severe disruption in the global financial system, with many emerging market and developing countries (EMDCs) facing liquidity shortages. In the context of intensified demand for liquidity and heightened global uncertainty, staff has revisited the 2017 proposal...
Persistent link: https://www.econbiz.de/10014408787