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When the exchange rate fluctuates and the market exhibits hysteresis, planning horizons of domestic and foreign competitors will matter in determining pass-through as well as relative market shares of these firms. Using the Cournot duopoly model, it is shown that if the foreign exporter is a...
Persistent link: https://www.econbiz.de/10014396230
This technical note explores the reasons for a comparatively high interest rate spread in Kazakhstan in the context of competition in the banking sector. In spite of significant gains in efficiency made in recent years, operational costs and provisioning for loan losses remain high compared with...
Persistent link: https://www.econbiz.de/10014407263
In May 2007, the IMF and World Bank Boards discussed the paper "Strengthening Debt Management Practices: Lessons from … management (PDM) work program that was particularly focused on strengthening frameworks and capacity in low-income countries … Management Strategy (MTDS) and apply it in 4-6 countries a year; (ii) undertake debt management performance assessments; and (iii …
Persistent link: https://www.econbiz.de/10014410079
In early 2008, the Fund launched ambitious reforms to enhance its ability to deliver the economic and financial analysis, member support, and multilateral collaboration essential to promote global stability. The reform agenda called for: (i) stronger surveillance through sharpened multilateral...
Persistent link: https://www.econbiz.de/10014410581
This technical note on strategic issues in Development Bank (DB) reform for Mexico examines advances in the area of DB and funds in 2000–05. There have been significant but uneven changes in the institutional setting, instruments, transparency of subsidies, and performance behavior of DBs...
Persistent link: https://www.econbiz.de/10011243205
Persistent link: https://www.econbiz.de/10002399659
Using domestic and export price data and a framework of markup over cost, pricing behavior of U.S. and Japanese manufacturers is compared. Major export industries in Japan have higher productivity growth and lower pass-through coefficients than American exporters, who tend to price to domestic...
Persistent link: https://www.econbiz.de/10014395791
Persistent link: https://www.econbiz.de/10014409929
Persistent link: https://www.econbiz.de/10014409947
This paper seeks to address queries on several operational issues: (i) the robustness of the indicative thresholds; (ii) modalities for implementing DSAs; and (iii) operational implications for the Fund, Bank, and other international financial institutions and creditors
Persistent link: https://www.econbiz.de/10014409948