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Islam proposes the replacement of an interest-based financial system with one which operates on the basis of risk and profit sharing. Using a general equilibrium model, this paper investigates some open-economy implications of the adoption of Islamic banking for growth and stabilization of the...
Persistent link: https://www.econbiz.de/10014396001
the turnaround in Pakistan''s external current account during this period; (2) while Pakistan''s growth was mainly export …
Persistent link: https://www.econbiz.de/10014400063
This paper highlights that central banks from Brazil, Chile, Colombia, Mexico, and Peru (the LA5 countries) reaped the …
Persistent link: https://www.econbiz.de/10014402930
This Selected Issues paper for Chile describes the postcrisis recovery experience. The recovery from the 2008–2009 … wedge-distortions related to the consumption leisure decision helped support the recovery. In Chile, the growth generated by …
Persistent link: https://www.econbiz.de/10011243850
Peru’s fiscal framework embedded in the Fiscal Responsibility and Transparency Law (FRTL) has proved to be effective in …
Persistent link: https://www.econbiz.de/10014397032
Persistent link: https://www.econbiz.de/10009424793
This paper presents an overview of the different methodologies that can be used to measure the amount of available slack in an economy. A comparison of these alternatives reveals that the evolution of the Nairu is crucial for understanding recent cyclical developments in the French economy. A...
Persistent link: https://www.econbiz.de/10014403325
A study by the author published in 1988 proposed the hypothesis that export instability depends upon the level of … findings, explains why diversification has increased export instability in many developing countries, and discusses the policy …
Persistent link: https://www.econbiz.de/10014396185
the People's Bank of China (China). The new borrowing agreement with Spain, the amendments to the NPA with Japan, and the … new NPA with China provide new resources of SDR 450 million, SDR 1.8 billion and SDR 800 million, respectively, to the … February 22, 2017, for Spain; April 20, 2017, for Japan; and April 21, 2017, for China. Pursuant to Section III, paragraph 2 of …
Persistent link: https://www.econbiz.de/10014408739
Since 1978 the Chinese economy has grown on average more than 9 percenta year. Per capita income has nearly quadrupled in the past 15 years andsome analysts predict that within 20 years the Chinese economy will belarger than that of the United States. This pamphlet analyzes the reasonsfor the...
Persistent link: https://www.econbiz.de/10014403126