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Transition Economies : How Appropriate is the Size and Scope of Government?

International Monetary Fund - 2001

This paper assesses changes in the size and scope of government in 24 transition economies. Whereas these governments have retrenched in terms of public expenditures in relation to GDP, as well as public employment as a share of population, some indicators suggest that size remains high (e.g.,...

Persistent link: https://www.econbiz.de/10014403626

Do Government Wage Cuts Close Budget Deficits? : A Conceptual Framework for Developing Countries and Transition Economies

International Monetary Fund - 1996

Real wage declines have been common in the public sector in many countries over substantial periods of time. In several cases, such wage reductions have coincided with a decline in the efficiency of the public sector. In a simple analytical framework, it is shown that higher wage levels alter...

Persistent link: https://www.econbiz.de/10014396160

Recovery and Growth in Transition Economies 1990-1997 : A Stylized Regression Analysis

International Monetary Fund - 1998

This paper analyzes the determinants of growth in 25 transition economies during 1990–97. The paper’s main finding is that macroeconomic stabilization, structural reform, and reduction of government expenditures are key to achieving sustainable growth. Although the initial effect of reforms...

Persistent link: https://www.econbiz.de/10014400100

Central Bank Reform in the Transition Economies

International Monetary Fund - 1997

Since 1992, the central banks of the Baltic states and the Commonwealth of Independent States have undertaken comprehensive reform of their monetary and exchange arrangements in support of their stabilization efforts. Their efforts have been supported by extensive technical assistance provided...

Persistent link: https://www.econbiz.de/10014402084

Banking Crises and Bank Resolution : Experiences in Some Transition Economies

International Monetary Fund - 2002

Like most transition economies, Bulgaria, Lithuania, and Mongolia suffered severe banking crises, which had to be resolved before growth could resume. The macroeconomic and institutional failings that led to these crises are described, and parallels are drawn with the causes of banking crises in...

Persistent link: https://www.econbiz.de/10014403652

Exchange Rate Regimes in Selected Advanced Transition Economies : Coping with Transition, Capital Inflows, and EU Accession

International Monetary Fund - 2000

Since beginning economic transition, the Czech Republic, Estonia, Hungary, Poland, and Slovenia have—with much success—employed diverse exchange rate regimes. As these countries approach EU accession, they will need to avoid the perils of too much or too little exchange rate variability when...

Persistent link: https://www.econbiz.de/10014402016

Corruption and the Rate of Temptation : Do Low Wages in the Civil Service Cause Corruption?

International Monetary Fund - 1997

This paper develops and tests two efficiency wage models of corruption in the civil service. Under fair wage models …, civil service wages are an important determinant of corruption. Under shirking models, the level of wages is of secondary … importance, as potential bribes dwarf wage income. The empirical evidence points to a negative relationship between corruption …

Persistent link: https://www.econbiz.de/10014400303

Why Worry About Corruption?

International Monetary Fund - 1997

corruption and presentsrecent evidence on the extent to which corruption affects investment,economic growth, and government … expenditure choices. The evidence presented here suggests that corruption may have considerable adverseeffects on economic growth …

Persistent link: https://www.econbiz.de/10014402761

Improving Governance and Fighting Corruption in the Baltic and CIS Countries : The Role of the IMF

International Monetary Fund - 2005

Drawing on recent examples of corruption in the Baltics and former Soviet Union, this pamphlet analyzes the links … between governance and corruption, and emphasizes the high economic cost that corruption exacts. The pamphlet outlines how the … IMF is working with the countries of the former Soviet Union to curb corruption, and put in place the regulatory and legal …

Persistent link: https://www.econbiz.de/10014399845

Corruption and Military Spending

International Monetary Fund - 2000

Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such … the period 1985–98. The association between military spending and corruption is ascertained by using panel regression … techniques. The results suggest that corruption is indeed associated with higher military spending as a share of both GDP and …

Persistent link: https://www.econbiz.de/10014399916