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The Demand Cor International Reserves and their Opportunity Cost

International Monetary Fund - 1988

An empirical study that shows that countries’ reserve holdings are sensitive to the rates at which they can borrow on international financial markets, this analysis confirms the view that holding major currencies as reserve assets has costs that are frequently unrecognized. Between 1978-82 for...

Persistent link: https://www.econbiz.de/10014395904

Policy Reform, Shadow Prices, and Market Prices

International Monetary Fund - 1988

How should possible policy reforms and projects be assessed when prices give misleading signals? Revenues and costs at market prices then give distorted measures of social gains and losses and our appraisal should use social opportunity costs, or correctly defined, shadow prices. We show how...

Persistent link: https://www.econbiz.de/10014396134

Turkmenistan : The Burden of Current Agricultural Policies

International Monetary Fund - 2000

This paper analyses the economic costs of current agricultural policies in Turkmenistan. It argues that the opportunity cost of continuing with these policies is very high for the budget, the average farmer, and the economy as a whole. The paper calls for the development of nontraditional...

Persistent link: https://www.econbiz.de/10014399893

Wealth, Financial Liberalization, and the Demand for Money in Japan

International Monetary Fund - 1989

inclusion of wealth and a measure of the return on holding broad money is essential to the specification of the money …

Persistent link: https://www.econbiz.de/10014395815

Australia : selected issues

Schule, Werner; Jauregui, Juan; Sun, Yan; Basu, Suman - 2011

Persistent link: https://www.econbiz.de/10009510794

Turkey : Selected Issues

International Monetary Fund - 2007

This Selected Issues paper on Turkey reviews a decline in private saving and adoption of a fiscal rule. As economic confidence has improved, capital inflows have surged while private saving has fallen. Together, these developments have produced current account deficits and a strong lira, raising...

Persistent link: https://www.econbiz.de/10014405934

Optimal Fiscal Policy and Government Provision of Contingent Liabilities : The Example of Government Loan and Deposit Guarantees

International Monetary Fund - 1989

The optimal provision of loan guarantees or deposit insurance is examined in the context of an overlapping generations model. It is demonstrated that even in the face of a market imperfection that precludes diversification of the private sector’s loan portfolio to eliminate risk, full...

Persistent link: https://www.econbiz.de/10014395814

Tax Policy and National Savings in the United States: A Survey

International Monetary Fund - 1988

This paper explores how tax policy affects the level and allocation of national savings in the United States. It argues … composition of savings and investment. The paper suggests various specific tax measures that would not only raise government … revenue but also enhance the efficiency of savings and investment …

Persistent link: https://www.econbiz.de/10014395849

Dependency Rates and Private Savings Behavior in Developing Countries

International Monetary Fund - 1988

A firm theoretical basis for the empirical relationship between dependency rates and savings behavior in developing …, and on the savings responsiveness to changes in the real interest rate …

Persistent link: https://www.econbiz.de/10014395881

Saving, Investment, Financial Integration, and the Balance of Payments

International Monetary Fund - 1989

This paper examines the extent of international financial integration, and its consequences for the current account. The evidence indicates that financial liberalization in the 1970s and 1980s has resulted in a substantial movement towards closer integration of world capital markets. By reducing...

Persistent link: https://www.econbiz.de/10014395900

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