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The author-a top decision maker at the IMF for two decades-first focuses on the system of quotas and voting power in the IMF and concludes that it calls for reforms to enhance equity among the membership. He then examines decision making in the Executive Board, with an emphasis on consensus...
Persistent link: https://www.econbiz.de/10014403196
On May 21, 2008, the Executive Board discussed the report of the Independent Evaluation Office (IEO) on 'Aspects of IMF Corporate Governance - Including the Role of the Executive Board'. The Joint Statement issued by the Executive Board and the Managing Director following the Board discussion...
Persistent link: https://www.econbiz.de/10014410186
This paper reviews progress under the Fund's strengthened cooperative strategy on overdue financial obligations. Since the last review, total arrears to the Fund declined by SDR 17.5 million to SDR 1,309.5 million. Payments to the Fund by Sudan and Zimbabwe were in excess of new obligations...
Persistent link: https://www.econbiz.de/10014410203
Economic growth in Bosnia and Herzegovina (BiH) has been impressive with GDP. The dominance of foreign-owned bank …
Persistent link: https://www.econbiz.de/10014404833
Persistent link: https://www.econbiz.de/10009424793
Rodriguez and Rodrik (2000) argue that the relation between openness and growth is still an open question. One of the … paper applies the identification through heteroskedasticity methodology to estimate the effect of openness on growth while … properly controlling for the effect of growth on openness. The results suggest that openness would have a positive effect on …
Persistent link: https://www.econbiz.de/10014401435
This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well … as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital … of trade growth enhances real output per capita, volatility exerts a negative impact on economic growth operating mainly …
Persistent link: https://www.econbiz.de/10014396933
from growth that has been too slow for too long, and at this rate a sustained recovery-with the expected higher living … global growth and employ a more potent policy mix. A three-pronged approach with monetary, fiscal, and structural actions can … work as a virtuous trinity, lifting actual and potential growth, averting recession risks, and enhancing financial …
Persistent link: https://www.econbiz.de/10014408620
country's growth …
Persistent link: https://www.econbiz.de/10014409386
The global economy is at another highly uncertain moment: tentative signs of stabilization earlier this year have receded, and the outlook is increasingly risky and uncertain. At the same time, divisions within and across countries are deepening, exacerbated by rising fragmentation. Strong...
Persistent link: https://www.econbiz.de/10015059530