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This paper reviews the Staff-Monitored Program (SMP) for the Union of the Comoros. The authorities’ program for 2005 is focused on macroeconomic stabilization. This is predicated on a consolidated budget entailing a domestic fiscal adjustment slightly above 3 percent of GDP. Monetary policy...
Persistent link: https://www.econbiz.de/10014405653
Persistent link: https://www.econbiz.de/10009425652
countries. In Asia’s export-dependent economies, this entails relying more on private domestic demand as a driver of growth …
Persistent link: https://www.econbiz.de/10014402557
finds that Asia''s remarkable output growth over the past 40 years reflected both high investment, and rapid productivity …
Persistent link: https://www.econbiz.de/10014401163
The paper takes stock of the impact of the global financial crisis that began in late 2007 on banking sectors of Asian low-income countries, by exploring bank-level data provided by Bankscope. The paper examines three key channels of possible crisis spillovers: exposures to (i) valuation changes...
Persistent link: https://www.econbiz.de/10014399361
Integration had to do with a desire to reduce Asia's susceptibility to shocks, particularly financial shocks. There was also a … broader sense that Asia had to be more self-reliant and gain fuller control over its destiny. The objectives are about growth …, about greater trade integration, about spurring greater cross-border flows of investment within Asia, and about promoting …
Persistent link: https://www.econbiz.de/10014397051
corporate balance sheets in much of Asia: the IMF was unaware of the extraordinary leverage of Korean companies, which in some …
Persistent link: https://www.econbiz.de/10014397245
, explain a large part of the diversity in savings behavior in Asia across eight countries as well as over time. Inflation and …
Persistent link: https://www.econbiz.de/10014396475
Several Asian emerging market economies have recently adopted measures to limit the offshore trading of their currencies. This paper provides a general overview of such measures and evaluates the experiences of selected countries that resorted to such measures. It concludes that the measures...
Persistent link: https://www.econbiz.de/10014398115
developing Asia and relates this activity to the growth of the foreign debt of these countries. It is argued that the relatively …
Persistent link: https://www.econbiz.de/10014395758