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Interest Rates, Credit Rationing, and Investment in Developing Countries
Nkusu, Mwanza - International Monetary Fund (IMF) - 2003
This paper examines the impact of interest rates and inflation on bank loans and investment within a framework that … treating the lending and deposit rates of interest as distinct parameters in investment equations. The spread between the two …
Persistent link: https://www.econbiz.de/10005605233
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Debt Sustainability, Public Investment, and Natural Resources in Developing Countries: the DIGNAR Model
Melina, Giovanni; Yang, Shu-Chun S.; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2014
This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze … the debt sustainability and macroeconomic effects of public investment plans in resource-abundant developing countries … capital enters production technologies, while public investment is subject to inefficiencies and absorptive capacity …
Persistent link: https://www.econbiz.de/10011123850
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On the First-Round Effects of International Food Price Shocks: the Role of the Asset Market Structure
Portillo, Rafael; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2015
We develop a tractable small open-economy model to study the first-round effects of international food price shocks in developing countries. We define first-round effects as changes in headline inflation that, holding core inflation constant, help implement relative price adjustments. The model...
Persistent link: https://www.econbiz.de/10011242189
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Financial Decisions and Investment Outcomes in Developing Countries: The Role of Institutions
Turk, Rima - International Monetary Fund (IMF) - 2015
institutions as well as deepening capital markets in developing countries to improve financing conditions and investment outcomes. …
Persistent link: https://www.econbiz.de/10011242231
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Iceland: Selected Issues Paper
International Monetary Fund (IMF); International … - 2015
This Selected Issues paper examines implications of capital account liberalization in Iceland. Capital controls were critical in 2008 to avoid a more severe collapse of the Icelandic economy. Six years later, capital inflows have been liberalized, but most outflows remain restricted. Iceland has...
Persistent link: https://www.econbiz.de/10011244178
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Euro Area Policies: Selected Issues
International Monetary Fund (IMF); International … - 2014
This Selected Issues paper assesses the youth unemployment problem in advanced European economies, especially the euro area. Youth unemployment rates increased sharply in the euro area after the crisis. Much of these increases can be explained by output dynamics and the greater sensitivity of...
Persistent link: https://www.econbiz.de/10011244439
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Denmark: Systemic Issues in Mortgage Loans and Covered Bond Finance - Technical Note
International Monetary Fund (IMF); International … - 2014
This technical note analyzes systemic issues in mortgage loans and covered bond finance in Denmark. Mortgage lending has seen significant product innovation in recent years. Loans with adjustable interest rates and/or interest-only periods, which have been introduced since the late 1990s, had...
Persistent link: https://www.econbiz.de/10011245333
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Money isn't Everything; The Challenge of Scaling Up Aid to Achieve the Millennium Development Goals in Ethiopia
Mattina, Todd D. - International Monetary Fund (IMF) - 2006
This paper outlines the challenge of developing an operational macroeconomic framework in Ethiopia consistent with the large envisaged scaling up of aid to achieve the Millennium Development Goals (MDGs). This paper describes an MDG scenario that addresses both microeconomic and macroeconomic...
Persistent link: https://www.econbiz.de/10005248180
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Aggregate Investment Expenditureson Tradable and Nontradable Goods
Bems, Rudolfs - International Monetary Fund (IMF) - 2008
This paper shows that aggregate investment expenditure shares on tradable and nontradable goods are very similar across … nontradable goods in investment can be modeled using the Cobb-Douglas aggregator. …
Persistent link: https://www.econbiz.de/10005248190
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Three Propositions on African Economic Growth
Dhonte, Pierre - International Monetary Fund (IMF) - 1995
Persistent link: https://www.econbiz.de/10005264269