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Voluntary Debt Reduction : Incentives and Welfare
International Monetary Fund - 1988
In an economy with a debt overhang, investment depends on expected tax rates. On the other hand, expected tax rates depend on the debt’s face value. Therefore investment depends on the face value of debt. I show that this may lead to a positive or negative association between debt and...
Persistent link: https://www.econbiz.de/10014396009
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Voluntary Debt Reduction : Incentives and Welfare
International Monetary Fund - 1988
This paper provides empirical evidence on the determinants of long-term growth performance in a sample of 55 developing countries grouped by income levels. The evidence indicates that a model incorporating the savings rate, export performance, expenditures on human capital development, the...
Persistent link: https://www.econbiz.de/10014396027
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Trade Policy and Market Structure Interactions in Developing Countries
International Monetary Fund - 1989
This paper shows that the presence of quotas on imported inputs that are based on installed capacity can lead to capacity underutilization in manufacturing industries of developing countries. A replacement of such quotas, by tariffs leads to full capacity utilization under assumptions of both...
Persistent link: https://www.econbiz.de/10014396017
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Quota Brokers
International Monetary Fund - 2004
This paper examines the role of middlemen (brokers) in an imperfect secondary market for quota licenses. Middlemen facilitate trade when markets are thin, as potential buyers and sellers find it difficult to meet and transact directly. However, in thin markets, middlemen also have the ability to...
Persistent link: https://www.econbiz.de/10014404111
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Competition in Indian Banking
International Monetary Fund - 2005
It is widely perceived that competition in the Indian banking sector has increased since the inception of the financial … competitive conditions and earns revenues as if under monopolistic competition …
Persistent link: https://www.econbiz.de/10014400691
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Assessing Competitiveness Using Industry Unit Labor Costs : An Application to Slovakia
International Monetary Fund - 2012
Conceptual ambiguities and statistical weaknesses hamper the assessment of external competitiveness. The term competitiveness, while applied extensively, is often imprecisely defined, which can result in analytical errors and mistaken policy advice. Furthermore, aggregate statistical measures of...
Persistent link: https://www.econbiz.de/10014396613
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Italy : Assessing Competition and Efficiency in the Banking System
International Monetary Fund - 2007
The paper assesses the degree of banking competition and efficiency in Italy?over time as well as compared to that in … other countries, such as France, Germany, Spain, the United Kingdom, and the United States. The paper finds competition in …. The degree of competition falls within the range of estimates for a set of comparator countries. Greater contestability …
Persistent link: https://www.econbiz.de/10014400137
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Competitiveness in the Baltics in the Run-Up to EU Accession
International Monetary Fund - 2003
This paper analyzes competitiveness in the Baltics in the run-up to European Union accession. Several factors appear to have driven movements in equilibrium real exchange rates in the Baltics since the start of the transition process. In the earlier years of transition, price liberalization,...
Persistent link: https://www.econbiz.de/10014407140
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Republic of Kazakhstan : Financial Sector Assessment Program Update—Technical Note—Bank Profitability and Competition
International Monetary Fund - 2004
competition in the banking sector. In spite of significant gains in efficiency made in recent years, operational costs and …
Persistent link: https://www.econbiz.de/10014407263
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Australia; Addressing Systemic Risk Through Higher Loss Absorbency—Technical Note
International Monetary Fund (IMF); International … - 2012
Australia’s four largest banks can be considered domestically systemic. They make up the lion’s share of the banking system, use similar business models, and are interconnected. The top four banks are relatively similar in terms of systemic importance, partly reflecting the...
Persistent link: https://www.econbiz.de/10011245198