Showing 1 - 10 of 41
We propose an integrated method based on a two-sector small open economy dynamic and stochastic general equilibrium model to estimate non-tariff barriers and quantify the impact of services liberalization. The major component of trade barriers is explicitly modeled through the introduction of...
Persistent link: https://www.econbiz.de/10011242426
This Joint Staff Advisory Note focuses on the Poverty Reduction Strategy Paper (PRSP) for Albania. The note analyzes the National Strategy for Development and Integration (NSDI) program, which represents a significant improvement in process over the previous PRSP. The note discusses that the...
Persistent link: https://www.econbiz.de/10011245812
Quasi-fiscal deficits of public utility companies are common in all member countries of the Commonwealth of Independent States (CIS). They constitute a significant impediment to efficient resource allocation and endanger macroeconomic stability. This paper presents a simple framework for...
Persistent link: https://www.econbiz.de/10005768963
This paper describes the current state of the Macedonian electricity sector. It looks at ongoing structural changes, driven by the gradual adoption of the EU acquis on energy, and comes up with estimates for electricity subsidies. It concludes by discussing the longer term outlook and sketching...
Persistent link: https://www.econbiz.de/10008839339
This Selected Issues paper discusses the economics of energy price reform in the Islamic Republic of Iran. Economic policies in Iran have traditionally relied on the abundant availability of energy at a low price to finance the country’s economic development. Low domestic energy prices...
Persistent link: https://www.econbiz.de/10011244080
This Selected Issues Paper discusses some observations on Singapore’s monetary policy framework. Singapore’s monetary policy uses the nominal effective exchange rate (NEER) as the instrument in a basket-band-crawl framework. The paper finds that under some conditions an exchange...
Persistent link: https://www.econbiz.de/10011244386
Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation on Singapore. Overall compliance with IOSCO …
Persistent link: https://www.econbiz.de/10011244395
This paper discusses findings of the Report on Observance of Standards and Codes on Singapore. The Monetary Authority … of Singapore (MAS) shows a very high level of compliance with the Basel Core Principles and demonstrates a strong … system that is significantly larger than the economy of Singapore, and comprised primarily of branches of foreign …
Persistent link: https://www.econbiz.de/10011244668
Banking Supervision on Singapore. The assessment of the Monetary Authority of Singapore (MAS) represents a very high level of … implementation. MAS is well aware of the risks posed by a financial system that is significantly larger than the economy of Singapore …
Persistent link: https://www.econbiz.de/10011245038
economy, Singapore is particularly exposed to external risks related to a protracted period of slower growth in advanced and … strengthened in the context of a rapidly aging population. Policy assessment. Singapore continues to implement a strong set of … large current account surplus. Financial regulation and supervision is among the best globally and Singapore is a …
Persistent link: https://www.econbiz.de/10011245573