Showing 1 - 10 of 125
The unprecedented rise in nonperforming assets during the recent Asian financial crisis severely tested the limit and capacity of the existing asset management infrastructure, leading policymakers to consider new approaches to resolve them. This paper examines two such approaches—the creation...
Persistent link: https://www.econbiz.de/10005826132
stronger capital accumulation due to higher world savings. An increase in the retirement age reform yields the strongest impact …
Persistent link: https://www.econbiz.de/10008839358
with the yen carry-trade; and that China is key to understanding Asia's demographic impact on the world. It also finds that … Asia offers the greatest arbitrage opportunities worldwide during the demographic transition and has the greatest potential … for regional financial integration among world regions. Moreover, the demographic transition is unlikely to result in an …
Persistent link: https://www.econbiz.de/10005768978
The Asian financial crisis of 1997-98 was one of the most dramatic economic events of recent times, which raised many questions regarding the appropriate policy response to financial crises. This paper reviews the experience of this crisis, focusing on the overall strategy of crisis management...
Persistent link: https://www.econbiz.de/10005263845
This paper on the Staff-Monitored Program (SMP) on Djibouti explains economic developments and policy discussions. Djibouti faces important challenges to reduce widespread poverty. Since the mid-1990s, the government has been engaged in adjustment and reform programs to restore macroeconomic...
Persistent link: https://www.econbiz.de/10005824971
This paper discusses the Use of IMF Resources in Haiti and Request for Emergency Post-Conflict Assistance (EPCA). The EPCA-supported program was on track until May 2005. All end-December and end-March targets were observed, inflation declined, the exchange rate stabilized, and net international...
Persistent link: https://www.econbiz.de/10005825392
progress in improving governance and transparency, but much remains to be done, particularly in the area of governance. Reforms …
Persistent link: https://www.econbiz.de/10011242484
Economic developments are broadly in line with the original program projections for the year. The authorities have made considerable progress in implementing the IMF staff-monitored program (SMP), and the program is broadly on track. Substantial efforts to improve revenue administration raised...
Persistent link: https://www.econbiz.de/10011242546
The Kyrgyz Republic is emerging from a deep political crisis. In April 2010, a popular uprising toppled the previous regime and internal ethnic conflict in June 2010 exacerbated the already difficult political situation. The crisis has adversely affected economic activity and near-term growth...
Persistent link: https://www.econbiz.de/10011242611
This 2011 Article IV Consultation highlights that Qatar is using its fiscal space, generated from an increase in hydrocarbon production and prices, to implement a large public spending program. Large infrastructure investments are expected to sustain strong growth of 9 percent to 10 percent in...
Persistent link: https://www.econbiz.de/10011242620