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The IMF staff has updated individual member country data for the variables used in the quota formula for the period 2001-13. The staff paper also presents updated calculated quota shares based on the current quota formula. The current quota formula includes a GDP variable, which is a blend of...
Persistent link: https://www.econbiz.de/10014408653
time by the Fund.1 The current procedures are set out in Decision No. 6709-(80/189) S, as amended by Decision No. 12157 …
Persistent link: https://www.econbiz.de/10014408667
The Fund has taken important steps to enhance its external sector assessments since the launch of the External Balance Assessment (EBA) methodology and the External Sector Report (ESR) in 2012, which provides a multilaterally consistent assessment of the largest economies' external sector...
Persistent link: https://www.econbiz.de/10014408697
Risks to macroeconomic stability posed by excessive private leverage are significantly amplified by tax distortions. 'Debt bias' (tax provisions favoring finance by debt rather than equity) has increased leverage in both the household and corporate sectors, and is now widely recognized as a...
Persistent link: https://www.econbiz.de/10014408716
General Arrangements to Borrow (GAB) on a possible renewal of the GAB decision. By way of background, the GAB was established … Box 1). The GAB decision stipulates that the arrangements are subject to periodic renewal, and that decisions on renewal … need to adopt a decision on renewal not later than twelve months before the end of the current period, id est, not later …
Persistent link: https://www.econbiz.de/10014408730
Background. The case for sovereign state-contingent debt instruments (SCDIs) as a countercyclical and risk-sharing tool … risk diversification for investors, and enhance the resilience of the international financial system. Should SCDI issuance … conventional debt; pro-cyclical investor demand; migration of excessive risk to the private sector; and adverse political economy …
Persistent link: https://www.econbiz.de/10014408735
This joint publication of the United Nations, the European Commission, the International Monetary Fund, the Organization for Economic Cooperation and Development, and the World Bank reflects the changes and improvements that have been introduced to the System of National Accounts since its most...
Persistent link: https://www.econbiz.de/10014409339
Persistent link: https://www.econbiz.de/10014409721
Persistent link: https://www.econbiz.de/10014409734
The objective of this paper is to review the Fund's thinking about signaling since its inception, with a view to drawing lessons for the design of possible signaling mechanisms. Over the years, the Fund has both reflected on the ways in which its main activities - especially surveillance and use...
Persistent link: https://www.econbiz.de/10014409740