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In Search of a Monetary Anchor : A ""New"" Monetary Standard
International Monetary Fund - 1989
This paper explores recent versions of older ideas for stabilizing the value of money based on an independently defined … need to redeem money for gold. This paper explores monetary standards with relatively constant real values in which the … supply of money is market determined by its redeemability for assets equal in value to its valuation basket (rather than for …
Persistent link: https://www.econbiz.de/10014396092
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Estimates of the Output Gap in Armenia with Applications to Monetary and Fiscal Policy
International Monetary Fund - 2010
This paper employs several econometric techniques to estimate the Armenian output gap. The findings indicate that the output gap is significantly positive in 2007 and 2008 and decreased dramatically in 2009. The paper uses these results to estimate a New Keynesian Phillips curve for Armenia,...
Persistent link: https://www.econbiz.de/10014398416
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Cape Verde : First Review Under the Policy Support Instrument and Requests for Waivers of Nonobservance and Modification of Assessment Criteria: Staff Report; Supplement; and Press...
International Monetary Fund - 2011
Cape Verde’s economic outlook and policy performance remain favorable. The government should complete implementation of the Public Investment Program (PIP), while reducing external debt. Executive Directors support efforts to rationalize and simplify the tax system and improve tax...
Persistent link: https://www.econbiz.de/10014398569
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Bosnia and Herzegovina : Selected Issues
International Monetary Fund - 1998
This Selected Issues paper provides background information for the 1998 Article IV Consultation with Bosnia and Herzegovina. The paper contains an overview of economic and political developments. It describes the establishment of the Central Bank of Bosnia and Herzegovina, developments in the...
Persistent link: https://www.econbiz.de/10014398623
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Republic of Kazakhstan : 2011 Article IV Consultation: Staff Report; Supplement; and Public Information Notice
International Monetary Fund - 2011
Kazakhstan’s economic recovery and unemployment rate and other issues are discussed in this paper. The banking and corporate sectors have not recovered from the crisis despite strong economic growth. Ownership and partial financing of the envisaged centralized distressed asset fund by the...
Persistent link: https://www.econbiz.de/10014399055
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Fiscal and Monetary Anchors for Price Stability : Evidence From Sub-Saharan Africa
International Monetary Fund - 2008
The paper presents a model of fiscal dominance with borrowing constraints, and provides evidence for a large number of sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the dynamic response of inflation to different shocks,...
Persistent link: https://www.econbiz.de/10014401393
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Zimbabwe : Challenges and Policy Options after Hyperinflation
International Monetary Fund - 2010
This paper examines the challenges and policy options after hyperinflation in Zimbabwe. The paper reviews the pros and cons of alternative monetary regimes for Zimbabwe to succeed the current multicurrency system, which the authorities consider a temporary arrangement. The analysis suggests that...
Persistent link: https://www.econbiz.de/10014401597
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Republic of the Marshall Islands : 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
International Monetary Fund - 2008
The Republic of the Marshall Islands (RMI), scattered across an area of nearly 1 million square miles in the Central Pacific, is heavily dependent on external grants. As in past consultations, the current discussions have focused on policies to put public finances on a secure footing and improve...
Persistent link: https://www.econbiz.de/10014401778
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Coordination of Monetary and Fiscal Policies
International Monetary Fund - 1998
Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of...
Persistent link: https://www.econbiz.de/10014401884
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Republic of Kazakhstan : 2009 Article IV Consultation: Staff Report; Supplement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund - 2009
Kazakhstan’s financial system remains highly stressed despite large-scale government support; the economy is expected to contract in the near future. The staff report for Kazakhstan’s 2009 Article IV Consultation discusses economic developments and policies. Kazakhstan is better placed than...
Persistent link: https://www.econbiz.de/10014402192