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The global financial crisis unmasked Serbia’s unsustainable pre-crisis growth model. Looking back, the Stand-By Arrangement (SBA) provided effective insurance against a financial meltdown, initiated the needed re-balancing of the economy, but could not prevent large job losses. Looking ahead,...
Persistent link: https://www.econbiz.de/10014401094
This paper focuses on the role of debt maturity in managing the government’s incentives to use opportunistic inflation … powerful instrument to affect the time profile of the inflation tax base and, hence, to mitigate the distortions introduced by …
Persistent link: https://www.econbiz.de/10014395780
Supporting Studies for the World Economic Outlook, prepared by IMF staff, provide a more detailed analysis of issues recently covered in the main pubication. The current edition includes studies of globalization and growth, the future of the international financial system, currency crises,...
Persistent link: https://www.econbiz.de/10014404467
We show that the presence of nominal non-indexed government debt could give rise to more than one equilibrium inflation …
Persistent link: https://www.econbiz.de/10014396297
Staff is of the view that all criteria have been met, and recommends that the Board determine that Bolivia qualifies …
Persistent link: https://www.econbiz.de/10014409747
This paper discusses Bolivia’s Fifth Review Under the Stand-By Arrangement (SBA), Request for Waiver of Nonobservance …
Persistent link: https://www.econbiz.de/10014406079
This 2008 Article IV Consultation highlights that Bolivia’s overall fiscal position has improved in 2008. Booming … Directors have noted that strong hydrocarbon and mining exports have continued to support Bolivia’s growth and macroeconomic … performance. Directors have also emphasized the importance of well-designed structural reforms for further strengthening Bolivia …
Persistent link: https://www.econbiz.de/10014401104
A considerable degree of macroeconomic stability was achieved by Bolivia, and by the steadfast implementation of … reform of labor regulations in 2000 to enhance external competitiveness, make Bolivia’s regulations complaint with the norms …
Persistent link: https://www.econbiz.de/10014402696
The Report on the Observance of Standards and Codes (ROSC) Data Module provides an assessment of Bolivia … quality of Bolivia’s macroeconomic statistics has improved over recent years. The statistics have been broadly adequate for …
Persistent link: https://www.econbiz.de/10014402849
Bolivia’s 2007 Article IV Consultation reports that reforms are needed to make the budget a more effective …
Persistent link: https://www.econbiz.de/10014403736