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Republic of Poland; Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangementâ€”Staff Report; Staff Supplement; Press Release on the Executive Board Di...

International Monetary Fund (IMF); International … - 2011

Polandâ€™s macroeconomic performance was strong during the global crisis, supported by sound economic policies. The previous Flexible Credit Line (FCL) arrangements served the Polish economy well and provided adequate insurance against negative spillover risks. Executive Directors...

Persistent link: https://www.econbiz.de/10011244361

Iceland; Staff Report for the 2012 Article IV Consultation and First Post- Program Monitoring Discussion

International Monetary Fund (IMF); International … - 2012

The 2012 Article IV Consultation reports that Icelandâ€™s fiscal consolidation is continuing, but at a slower pace. Moderate expenditure overruns materialized in 2011, which will partly spill over to 2012 and the medium term. A key priority is to put the medium-term fiscal path back on...

Persistent link: https://www.econbiz.de/10011245037

Georgia; Seventh and Eighth Reviews Under the Stand-By Arrangement, and Requests for Waivers of Nonobservance of Performance Criteria and Rephasing of Purchasesâ€”Staff Report; Sta...

International Monetary Fund (IMF); International … - 2011

Real GDP growth for 2010 has been revised upward to 6.3 percent, and annual CPI inflation has increased to about 10 percent. End-December performance criteria (PC) are expected to be met, with the exception of the fiscal deficit and general government expenditure targets owing to the late...

Persistent link: https://www.econbiz.de/10011245685

Capital Markets and Financial Intermediation in The Baltics

Sheridan, Niamh; Schipke, Alfred; George, Susan Mary; … - International Monetary Fund (IMF) - 2004

In just over a decade after independence, the three Baltic countries, Estonia, Latvia, and Lithuania, have transformed themselves into fully functioning, small open-market economies that will be joining the European Union. Capital Markets and Financial Intermediation in The Baltics analyzes the...

Persistent link: https://www.econbiz.de/10005248055

Liberalization of the Capital Account; Experiences and Issues

Mathieson, Donald J.; Rojas-Suárez, Liliana - International Monetary Fund (IMF) - 1992

This paper reviews the experience with capital controls in industrial and developing countries, considers the policy issues raised when the effectiveness of capital controls diminishes, examines the medium-term benefits and costs of an open capital account, and analyzes the policy measures that...

Persistent link: https://www.econbiz.de/10005263934

Monetary Transmission and Financial Indexation - Evidence from the Chilean Economy

Mendoza, Enrique G.; Delgado-Fernández, Fernando-Luciano - International Monetary Fund (IMF) - 1994

Persistent link: https://www.econbiz.de/10005264259

Investment by Large Firms in Argentina

Piris, Alvaro - International Monetary Fund (IMF) - 2010

Strong growth in investment made a key contribution to the economic recovery in Argentina earlier this decade. The paper uses firm-level data to assess changes in financing constraints and the linkages between real investment at the firm level and macroeconomic developments in the real exchange...

Persistent link: https://www.econbiz.de/10008561085

Wage and Public Debt Indexation

Guidotti, Pablo Emilio - International Monetary Fund (IMF) - 1992

This paper examines the relationship between the degree of wage indexation chosen by private agents and the degree of … indexation of the public debt. It is shown that the government is likely to respond to an increase in the degree of wage … indexation by increasing the portion of the public debt that is indexed. By contrast, the effect of an increase in public debt …

Persistent link: https://www.econbiz.de/10005825668

An Index Number Formula Problem; The Aggregation of Broadly Comparable items

Silver, Mick - International Monetary Fund (IMF) - 2009

Index number theory informs us that if data on matched prices and quantities are available, a superlative index number formula is best to aggregate heterogeneous items, and a unit value index to aggregate homogeneous ones. The formulas can give very different results. Neglected is the practical...

Persistent link: https://www.econbiz.de/10005825779

A Framework for Developing Secondary Markets for Government Securities

Ãrvai, Zsófia; Heenan, Geoffrey - International Monetary Fund (IMF) - 2008

This paper consolidates previous work on the development of secondary markets for government securities, and focuses on the sequencing of measures necessary for their development. Six main lessons are identified: (i) a commitment to achieving and maintaining a stable macroeconomic environment,...

Persistent link: https://www.econbiz.de/10005826193