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Grenada; 2005 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2005

five years compared with growth of nearly 6 percent a year in the late-1990s. Inflation has remained low and stable within … the framework of the currency board arrangement. The annual inflation rate in April 2005 was 1.8 percent. External current …

Persistent link: https://www.econbiz.de/10005591785

IMF-Supported Programs in Capital Account Crises; Design and Experience

Bulir, Ales; Schulze-Gattas, Marianne; Ghosh, Atish R.; … - International Monetary Fund (IMF) - 2002

Persistent link: https://www.econbiz.de/10005767357

St. Vincent and the Grenadines; 2002 Article IV Consultation â€”Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2003

late September, and construction activity as public sector projects were implemented. Inflation was about 1 percent in 2001 …

Persistent link: https://www.econbiz.de/10005767401

Djibouti; First Review Under the Staff-Monitored Program

International Monetary Fund (IMF); International … - 2004

This paper on the First Review Under the Staff-Monitored Program (SMP) on Djibouti explains macroeconomic framework and policies. The policy discussions centered on the need to sustain the improvement in the countryâ€™s fiscal position in the remainder of the year and steadfast structural...

Persistent link: https://www.econbiz.de/10005767405

Bosnia and Herzegovina; Second and Third Reviews Under the Stand-By Arrangement-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Bosnia and Herzegovina

International Monetary Fund (IMF); International … - 2003

Activity and fiscal policy continue to exceed expectations, but strong bank credit growth has fuelled a sharp increase in the current account deficit. In this context, the new administrations recognize the need to establish the macroeconomic stability quickly. These actions are supported by...

Persistent link: https://www.econbiz.de/10005768607

St. Lucia; 2003 Article IV Consultationâ€”Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for St. Lucia

International Monetary Fund (IMF); International … - 2004

This 2003 Article IV Consultation highlights that after a contraction in GDP of more than 4 percent in 2001 and only a marginal expansion in 2002, the pace of economic growth in St. Lucia accelerated in 2003 to 3.7 percent, driven by a rebound in tourism of close to 17 percent. Despite the...

Persistent link: https://www.econbiz.de/10005768610

Republic of Lithuania; 2004 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Lithuania

International Monetary Fund (IMF); International … - 2005

This 2004 Article IV Consultation highlights that impressive growth continued unabated in Lithuania in 2004. GDP expanded by an estimated 6Â¾ percent in 2004, driven by vigorous private consumption and investment growth. The unemployment rate declined to 10Â½ percent of the labor force but...

Persistent link: https://www.econbiz.de/10005768660

Currency Boards, Credibility, and Macroeconomic Behavior

Sy, Amadou N. R.; Rivera-Batiz, Luis - International Monetary Fund (IMF) - 2000

transaction costs, inflation, and nominal interest rates, but are limited in their use of devaluation. We extend Drazen and Masson … unemployment persistence. By reducing expected inflation and the negative employment effect arising from expected but unrealized … inflation, currency boards can produce less unemployment than peg regimes that abstain from devaluation. …

Persistent link: https://www.econbiz.de/10005768949

The Eastern Caribbean Central Bank; Challenges to An Effective Lender of Last Resort

Druck, Pablo; Dehesa, Mario - International Monetary Fund (IMF) - 2008

The paper analyzes the challenges for the Eastern Caribbean Central Bank (ECCB) to be an effective lender of last resort (LOLR) as part of a modern banking crisis resolution framework. The main results from the theoretical model of the ECCB's institutional arrangement are that the majority of...

Persistent link: https://www.econbiz.de/10005769190

Managing Systemic Liquidity Risk in Financially Dollarized Economies

Yeyati, Eduardo Levy; Ize, Alain; Kiguel, Miguel A. - International Monetary Fund (IMF) - 2005

This paper evaluates ways to protect highly dollarized banking systems from systemic liquidity runs (such as the ones that took place recently in Argentina, Uruguay, and Paraguay). In view of the limitations of available (private or official) insurance schemes, and the distortions introduced by...

Persistent link: https://www.econbiz.de/10005769200