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Persistent link: https://www.econbiz.de/10010523859
In addition to transferring about 16 percent of GDP from exporters to importers, Uzbekistan’s quasi-fiscal multiple exchange rate regime generates identifiable welfare losses of 2-8 percent of GDP on import markets and up to 15 percent on export markets. These excess burdens have increased...
Persistent link: https://www.econbiz.de/10014399812
This paper presents for Executive Board approval proposals for the FY 10-12 medium-term administrative budget, and the FY 10 capital budget in the context of the FY 10-12 capital plan. It also proposes to carry forward up to six percent of the unspent resources from the FY 09 administrative...
Persistent link: https://www.econbiz.de/10014410268
This Selected Background Issues paper on Switzerland reviews a few monetary and exchange rate issues, including … unusually high levels of saving, Switzerland may be one of the few advanced industrialized countries that strictly fulfills the …
Persistent link: https://www.econbiz.de/10014397181
This paper describes economic developments in Switzerland during the 1990s. Between 1990 and 1993, real GDP fell by a …
Persistent link: https://www.econbiz.de/10014397569
This Selected Issues paper and Statistical Appendix assesses Switzerland’s recent real GDP performance in terms of … effects of stage 3 of European Monetary Union on Switzerland …
Persistent link: https://www.econbiz.de/10014397608
This paper reviews economic developments in Switzerland during 1990–95. In the early 1990s, Switzerland experienced an …
Persistent link: https://www.econbiz.de/10014397980
This Selected Issues paper and Statistical Appendix evaluates Switzerland’s long-term growth and productivity … tradeoff between inflation and economic activity in Switzerland. The paper reports estimates of the automatic and discretionary … improving the stabilization role of Switzerland’s fiscal policy over the business cycle …
Persistent link: https://www.econbiz.de/10014398627
Switzerland’s recent business cycle experience: first, the traditional “smooth-trend-plus-cycle approach,” which envisages …-growth” states (recessions) of the economy. The paper also examines Switzerland’s monetary policy framework, and describes the …
Persistent link: https://www.econbiz.de/10014399003
Although progress has been made in strengthening the Swiss economy, systemic risks posed by large banks as well as revisions to the macroprudential framework are still in train. The authorities welcomed the too-big-to-fail (TBTF) legislation and intervention of the Swiss National Bank (SNB) on...
Persistent link: https://www.econbiz.de/10014399061