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From Stimulus to Consolidation : Revenue and Expenditure Policies in Advanced and Emerging Economies

International Monetary Fund - 2010

This review marks the 10th anniversary of the safeguards policy. Introduced in March 2000, the policy's main objective is to mitigate potential risks of misuse of resources, including Fund resources, and misreporting of monetary program data. The policy was last reviewed in 2005, when the...

Persistent link: https://www.econbiz.de/10014410475

Fiscal Reforms That Work

International Monetary Fund - 1997

Reducing the budget deficit is not easy. Keynesian theory suggests thatlowering government expenditures and raising revenues can lead to afalloff in economic activity. This paper argues the neoclassical approach - that a firm and credible reduction in expenditures, by engendering confidence that...

Persistent link: https://www.econbiz.de/10014402764

Monetary Control Procedures and Financial Reform : Approaches, Issues, and Recent Experiences in Developing Countries

International Monetary Fund - 1989

Many countries have initiated reforms in their monetary control procedures by relaxing direct controls and increasing the role of market processes. The changed approach is often inevitable when countries reform their financial systems in support of growth and adjustment. This is because reform...

Persistent link: https://www.econbiz.de/10014396083

Toward More Effective Redistribution : Reform Options for Intergovernmental Transfers in China

International Monetary Fund - 2004

Full implementation of an intergovernmental transfer system based on revenue capacities and expenditure needs could significantly improve both redistribution and equity objectives of the Chinese authorities. This was envisaged in the 1994 fiscal reforms, but the authorities were unable to...

Persistent link: https://www.econbiz.de/10014401323

On the Distributive Effects of Terms of Trade Shocks : The Role of Non-Tradable Goods

International Monetary Fund - 2010

We introduce non-tradable goods to the Heckscher-Ohlin-Samuelson (HOS) model to study the distributive effects of terms of trade shocks. We show that the employment of resources in activities producing exclusively for the local market induces a crucial association between domestic spending and...

Persistent link: https://www.econbiz.de/10014402915

Serbia : Financial Sector Assessment

International Monetary Fund - 2013

The Financial Sector Assessment Program (FSAP) update team found that the authorities have progressed in implementing the key recommendations from the initial assessment. The 2005 FSAP team revealed a number of vulnerabilities, including (i) high credit growth, largely financed by foreign banks,...

Persistent link: https://www.econbiz.de/10012559948

Republic of Serbia Financial Sector Assessment Program Update : Corporate and Household Debt Restructuring

International Monetary Fund - 2009

Nonperforming Loans (NPLs) in the banking system constituted 16.5 percent of total loans, owing primarily to the corporate sector. The Credit Bureau, maintained by the Association of Serbian Banks, also discloses dramatic increases in corporate and retail defaults over the past year. NPL...

Persistent link: https://www.econbiz.de/10012247156

Serbia Financial Sector Assessment Program Update : Deposit Insurance

International Monetary Fund (contributor); … - International Monetary Fund - 2009

This note focuses on the deposit insurance scheme. An analysis of the Deposit Insurance Agency (DIA) is provided to the extent that it is relevant to the management of the deposit insurance scheme and no detail analysis of the other functions performed by the DIA, e.g. bank resolution, is...

Persistent link: https://www.econbiz.de/10012247281

Serbia Financial Sector Assessment Program Update : Crisis Management Framework

International Monetary Fund (contributor); … - International Monetary Fund - 2009

In light of the outflow of deposits in Serbia in late 2008 and early 2009, a series of measures were introduced to … Agency (DIA) to purchase shares of insolvent banks under instruction from the Government of Serbia (GoS). At the time, it was …, primarily spearheaded by the National Bank of Serbia (NBS), to develop a contingency management framework. In particular, the …

Persistent link: https://www.econbiz.de/10012247363

Republic of Serbia : selected issues paper

2013

Persistent link: https://www.econbiz.de/10012677296

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