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The Economics of Political Transitions; Implications for the Arab Spring

Khandelwal, Padamja; Roitman, Agustin - International Monetary Fund (IMF) - 2013

Over the past two years, ongoing political transitions in many Arab countries have led to social unrest and an economic downturn. This paper examines comparable historical episodes of political instability to derive implications for the near- and medium-term economic outlook in the Arab...

Persistent link: https://www.econbiz.de/10011242232

Arab Republic of Egypt: 2014 Article IV Consultation-Staff Report; Press Release and Statement by the Executive Director for the Arab Republic of Egypt

International Monetary Fund (IMF); International … - 2015

economic challenges. For a number of years Egypt has suffered from low and non-inclusive growth and from high unemployment … evidenced by loss of foreign exchange reserves. In 2014, Egypt adopted a new constitution and elected a new president who was …€“80 percent in July 2014. They have also begun the reforms needed to raise tax revenue and to make Egypt a more attractive …

Persistent link: https://www.econbiz.de/10011242617

Basel Capital Requirements and Credit Crunch in the MENA Region

Naceur, Sami Ben; Kandil, Magda E. - International Monetary Fund (IMF) - 2013

covering 1989–2004 for banks in Egypt, Jordan, Lebanon, Morocco, and Tunisia. The results provide clear support for a …

Persistent link: https://www.econbiz.de/10011142023

Macro-Financial Linkages in Egypt: A Panel Analysis of Economic Shocks and Loan Portfolio Quality

Love, Inessa; Ariss, Rima Turk - International Monetary Fund (IMF) - 2013

This paper investigates macro-financial linkages in Egypt using two complementary methods, assessing the interaction …

Persistent link: https://www.econbiz.de/10011142052

Middle East Transitions: A Long, Hard Road

Yusuf, Shahid - International Monetary Fund (IMF) - 2014

Since the onset of the Arab Spring, economic uncertainty in Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen (Arab …

Persistent link: https://www.econbiz.de/10011142081

Do IMF-Supported Programs Help Make Fiscal Adjustment More Durable?

Moon, Soojin; Bulir, Ales - International Monetary Fund (IMF) - 2003

This paper investigates fiscal developments in 112 countries during the 1990s. It finds that, while the overall fiscal balance improved in most of them, the composition of this improvement differed. In nonprogram countries, revenues increased modestly and expenditure declined sharply, while in...

Persistent link: https://www.econbiz.de/10005263802

The Incidence and Effectiveness of Prior Actions in IMF-Supported Programs

Ramakrishnan, Uma; Thomas, Alun H. - International Monetary Fund (IMF) - 2006

Prior actions are measures that need to be implemented prior to Board approval of an IMFsupported program. This paper examines whether such prior actions can signal a willingness to implement reforms, especially when the member's track record is weak. We find some support for this signaling...

Persistent link: https://www.econbiz.de/10005768821

How Does Conditional Aid (Not) Work?

Ramcharan, Rodney - International Monetary Fund (IMF) - 2002

Does policy conditionality worsen domestic welfare, as governments are forced to attempt unpopular reforms resulting in damaging protests, or does conditionality help implement reforms that otherwise would have been impossible? This paper analyzes these questions. Using a game-theoretic...

Persistent link: https://www.econbiz.de/10005768864

Czech Republic; Technical Note on Macroprudential Policy Framework

International Monetary Fund (IMF); International … - 2012

This technical note examines the macroprudential policy framework in the Czech Republic. The Czech National Bank (CNB) has been actively developing its macroprudential policy framework for some time, including most recently the establishment of a separate Financial Stability Department. The...

Persistent link: https://www.econbiz.de/10011244175

Currency Crisis and Contagion; Evidence From Exchange Rates and Sectoral Stock Indices of the Philippines and Thailand

Nagayasu, Jun - International Monetary Fund (IMF) - 2000

This paper analyzes empirically the recent Asian financial crisis using high frequency data of exchange rates and stock indices of the Philippines and Thailand. Utilizing standard time-series techniques, this study confirms that there is evidence that developments in some sectoral...

Persistent link: https://www.econbiz.de/10005263754