Narrow search
Showing 1 - 10 of 349
Cover Image
How Does Privatization Work? Ownership Concentration and Enterprise Performance in Ukraine
Pivovarsky, Alexander - International Monetary Fund (IMF) - 2001
, privatization methods had a lasting effect on ownership structure in Ukraine. …This paper investigates the relationship between ownership concentration and enterprise performance in Ukraine. Using … performance in Ukraine. The paper also finds that concentration of ownership by foreign companies and banks is associated with …
Persistent link: https://www.econbiz.de/10005826048
Cover Image
Local Governments’ Fiscal Balance, Privatization, and Banking Sector Reform in Transition Countries
Crivelli, Ernesto - International Monetary Fund (IMF) - 2012
liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances … over 19 years to address a central question of fact: Did privatization help to promote local governments’ fiscal … discipline? The answer is clearly ‘no’ for privatization considered in isolation. However, privatization and subnational …
Persistent link: https://www.econbiz.de/10011142008
Cover Image
Romania; Ex Post Assessment of Longer-Term Program Engagement—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director f...
International Monetary Fund (IMF); International … - 2004
This paper reviews the experience of the IMF’s long-term engagement in Romania and options for future IMF involvement. The unfavorable growth performance also reflected adverse conditions for private sector development. Foreign investors have welcomed the more stable macroeconomic...
Persistent link: https://www.econbiz.de/10005591494
Cover Image
Fiscal Adjustment in Eu Countries; A Balance Sheet Approach
Moriyama, Kenji; Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 2004
Several European Union countries have recently implemented or are envisaging fiscal that operations improve budgetary figures but have no structural impact on government finances. This paper evaluates some of these measures using a balance sheet approach. In particular, it examines the degree to...
Persistent link: https://www.econbiz.de/10005253008
Cover Image
Pension Reform and the Fiscal Policy Stance
Gerson, Philip R.; Mackenzie, G. A.; Heller, Peter S.; … - International Monetary Fund (IMF) - 2001
The increased budget deficit caused by the privatization of a public pension plan does not imply a relaxation of the … and explicit public debt. There may be circumstances in which pension privatization, if not offset by fiscal consolidation …
Persistent link: https://www.econbiz.de/10005263836
Cover Image
Romania; 2002 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Roma...
International Monetary Fund (IMF); International … - 2003
This 2002 Article IV Consultation highlights that since mid-2001, a combination of budget restraint, ambitious energy price adjustments, and prudent monetary policy moderated domestic demand and reduced the current account deficit in Romania. At the same time, export and GDP growth were among...
Persistent link: https://www.econbiz.de/10005825091
Cover Image
Canada; Selected Issues
International Monetary Fund (IMF); International … - 2003
This Selected Issues paper assesses the long-term fiscal position of Canada. Simulations based on current tax and spending policies suggest that the fiscal position will remain favorable until well into the middle of the century, and relatively modest adjustments would be required to make these...
Persistent link: https://www.econbiz.de/10005825272
Cover Image
Belgium; 2003 Article IV Consultation—Staff Report; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2004
Long-term issues continue to dominate the economic policy agenda. The economy is expected to grow at a moderate pace. The challenge from aging is becoming more pressing, calling for sustained fiscal consolidation. The elaboration of a medium-term fiscal framework based on expenditure growth...
Persistent link: https://www.econbiz.de/10005825326
Cover Image
The Discipline-Enhancing Role of Fiscal Institutions; Theory and Empirical Evidence
Debrun, Xavier; Kumar, Manmohan S. - International Monetary Fund (IMF) - 2007
This paper discusses the role of fiscal institutions, including budget rules and non-partisan agencies, in enhancing fiscal discipline. A dynamic model of fiscal policy shows that optimal institutions lack credibility unless the costs to bypass them are sufficiently high. In our model, a...
Persistent link: https://www.econbiz.de/10005825631
Cover Image
The Russian Flat Tax Reform
Keen, Michael; Klemm, Alexander; Ivanova, Anna - International Monetary Fund (IMF) - 2005
Russia dramatically reduced its higher rates of personal income tax (PIT) in 2001 establishing a single marginal rate at the low level of 13 percent. In the following year, real revenue from the PIT actually increased by about 26 percent. This 'flat tax' experience has attracted much attention...
Persistent link: https://www.econbiz.de/10005825660