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Unemployment Hysteresis, Wage Determination, and Labor Market Flexibility : The Case of Belgium

International Monetary Fund - 1994

This paper examines the potential contribution of unemployment hysteresis theories to the understanding of the Belgian labor market. It estimates models of wage determination using aggregate and firm-level panel data. Two main conclusions emerge: (i) the long-term unemployed do not exert a...

Persistent link: https://www.econbiz.de/10014398156

Social Security, Demographic Trends, and the Federal Budget

International Monetary Fund - 1990

This paper considers the implications of the prospective aging of the U.S. population for the social security system and concludes that the large and growing cashflow surpluses of the social security trust funds should be saved to help insulate living stands against this change. A number of...

Persistent link: https://www.econbiz.de/10014396207

Soft Budget Constraints, Firm Commitments and the Social Safety Net

International Monetary Fund - 1991

It is shown that the inefficiencies created by the “soft” budget constraint, enjoyed by enterprises in Eastern Europe and elsewhere, will continue so long as governments are unable credibly to threaten not to bail out loss-makers. Commitment to a “hard” budget constraint can best be...

Persistent link: https://www.econbiz.de/10014396100

Social Security Issues in Developing Countries : The Latin American Experience

International Monetary Fund - 1988

The paper surveys the major economic, financial, and administrative issues that confront social security systems in Latin America. The larger systems have contributed substantially to public sector financial disequilibria. Expenditures of the younger systems with more limited coverage could...

Persistent link: https://www.econbiz.de/10014396279

France : Financial Sector Assessment Program—Detailed Assessments of Observance of Standards and Codes including Banking Supervision, Insurance Regulation, Securities Legislation,...

International Monetary Fund - 2005

The Detailed Assessments of the Observance of Standards and Codes on France reviews compliance with Basel Core …. France fulfills all prerequisites for effective payment clearing and settlement systems. Capital markets are large and …

Persistent link: https://www.econbiz.de/10014405966

France : Financial Sector Assessment Program—Technical Notes—Stress Testing Methodology and Results; Integration into Global Financial Markets; and Public Intervention in Financial...

International Monetary Fund - 2005

These Technical Notes on France explain integration of global financial markets. The stress tests for the France … constraints of the approach. Retail activity by foreign banks in France is small, but significant. The financial landscape in … France remains characterized by a large number of idiosyncrasies that affect monetary transmission. Macroeconometric models …

Persistent link: https://www.econbiz.de/10014405967

France : Selected Issues

International Monetary Fund - 2009

French government. France has a large and sophisticated financial system, which accounts for 10 percent of the global banking …

Persistent link: https://www.econbiz.de/10014406033

France : Report on the Observance of Standards and Codes-Transparency in Monetary and Financial Policies: An Update

International Monetary Fund - 2001

This note provides a report on the Observance of Standards and Codes in France, and provides updates on the …

Persistent link: https://www.econbiz.de/10014410940

France : Report on the Observance of Standards and Codes-Fiscal Transparency: An Update

International Monetary Fund - 2001

The transparency of budget presentation and the accountability to parliament have been improved. A clear view has been provided of the implementation of the objectives of the previous fiscal year for the central government. An annex to the budget showed cost-sharing contributions, which were...

Persistent link: https://www.econbiz.de/10014410941

France : 2002 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

International Monetary Fund - 2002

This 2002 Article IV Consultation highlights that the economy of France is facing a fast-approaching demographic …

Persistent link: https://www.econbiz.de/10014406346

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