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Externalities. Incentives, and Economic Reforms
International Monetary Fund - 1990
The paper emphasizes the role of institutions and incentives in the presence of externalities. An economy with multiple …
Persistent link: https://www.econbiz.de/10014396155
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External Review of the Quota Formulas : Statistical Appendix (Part A)
International Monetary Fund - 2000
Persistent link: https://www.econbiz.de/10014409845
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Public Sector Efficiency and Fiscal Austerity
International Monetary Fund - 1998
or may not improve economic efficiency …
Persistent link: https://www.econbiz.de/10014400822
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Making Public Investment More Efficient
International Monetary Fund - 2015
investment critically depends on its efficiency. Comparing the value of public capital (input) and measures of infrastructure … percent. The economic dividends from closing this efficiency gap are substantial: the most efficient public investors get …
Persistent link: https://www.econbiz.de/10014408564
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A Noteon Debt Reduction and Echonomic Efficiency
International Monetary Fund - 1990
This note examines the efficiency gains that might result from market-based debt reduction and alternative uses of … government investment or consumption. Given considerable uncertainty about the efficiency returns of alternative uses of …
Persistent link: https://www.econbiz.de/10014396332
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Progress Report on Inclusion of Enhanced Contractual Provisions in International Sovereign Bond Contracts
International Monetary Fund - 2015
As part of the Fund's ongoing work on sovereign debt restructuring, in October 2014 the Executive Board endorsed the inclusion of key features of enhanced pari passu provisions and collective action clauses (CACs) in new international sovereign bonds.1 Specifically, the Executive Board endorsed...
Persistent link: https://www.econbiz.de/10014408555
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Second Progress Report On Inclusion of Enhanced Contractual Provisions in International Sovereign Bond Contracts
International Monetary Fund - 2016
endorsed in October 2014 the inclusion of key features of enhanced pari passu provisions and collective action clauses (CACs) in new international sovereign bonds. Specifically, the Executive Board endorsed the use of (i) a modified pari passu provision that explicitly excludes the obligation to...
Persistent link: https://www.econbiz.de/10014408594
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Third Progress Report on Inclusion of Enhanced Contractual Provisions in International Sovereign Bond Contracts
International Monetary Fund - 2017
The IMF Executive Board endorsed in October 2014 the inclusion of key features of enhanced pari passu provisions and collective action clauses (CACs) in new international sovereign bonds.1 Specifically, the Executive Board endorsed the use of (i) a modified pari passu provision that explicitly...
Persistent link: https://www.econbiz.de/10014408635
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The Relative Impact of Income and Consumption Taxes
International Monetary Fund - 1988
This paper examines the possibility of ascertaining the welfare changes that occur when a consumption tax replaces an equal-yield income tax. It finds that those with saving/income ratios greater than the social saving/income ratio under the income tax will surely benefit and those with ratios...
Persistent link: https://www.econbiz.de/10014395882
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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 … highcost, high-income system, particularly with respect to retail/services, and efficiency gains have yet to fully materialize …
Persistent link: https://www.econbiz.de/10014400137