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This Selected Issues paper for the Republic of Armenia shows that building up fiscal space during economic expansions is crucial for the effective implementation of stimulatory policies during downturns. Armenia’s tax revenue remains one of the lowest in the region, and significantly below...
Persistent link: https://www.econbiz.de/10014403389
Although Armenia itself has a population of only about 3 million, an estimated 8 million Armenians live abroad. In this paper, the size and the sources of remittances to Armenia are first discussed. Then, the appropriate definition of remittances and subsequently present estimates of the...
Persistent link: https://www.econbiz.de/10014404750
Croatia’s annual GDP growth accelerated to 4–5 percent, per capita incomes advanced further toward the EU average, and … unemployment declined to the lowest levels since Croatia’s independence. The staff report for Croatia’s 2009 Article IV …
Persistent link: https://www.econbiz.de/10014402772
Croatia’s economy is also saddled with more pervasive rigidities and higher government involvement than many of its … the accumulation of vulnerabilities. Croatia’s fiscal policy did not take sufficient advantage of the boom years to create …
Persistent link: https://www.econbiz.de/10014404378
This paper assesses the Republic of Croatia’s Second Review Under the Stand-By Arrangement, and Requests for Waiver of …
Persistent link: https://www.econbiz.de/10014406994
The report provides the third Review of the Republic of Croatia Under the Stand-By Arrangement (SBA). Policies under … the SBA have sought to reduce Croatia’s savings-investment imbalance and stabilize the external debt-to-GDP ratio …. Executive Directors agreed that the main success of the program has been a fundamental improvement of Croatia’s public finances …
Persistent link: https://www.econbiz.de/10014405467
This Selected Issues and Statistical Appendix paper analyzes monetary transmission in Croatia. The evidence analyzed in … this paper supports the view that monetary policy in Croatia is not an effective tool for aggregate demand management. One … uncertain and comes with long lags. The paper also examines determinants of lending rates and domestic spreads in Croatia …
Persistent link: https://www.econbiz.de/10014405688
This paper examines Croatia’s 2004 Article IV Consultation and Request for Stand-By Arrangement (SBA). Croatia has …
Persistent link: https://www.econbiz.de/10014405783
issues of the Republic of Croatia. Although bank restructuring and privatization have strengthened the financial sector …
Persistent link: https://www.econbiz.de/10014405821
external and financial vulnerabilities in the Republic of Croatia. A significant reduction in public expenditure would be …
Persistent link: https://www.econbiz.de/10014405859