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Cape Verde; Poverty Reduction and Growth Strategy Paper â€“ II

International Monetary Fund (IMF); International … - 2008

This paper focuses on Poverty Reduction and Growth Strategy Paperâ€“II (GPRSP II) for Cape Verde. The GPRSP II is formulated with reference to five major strategic aims concerning good governance, human capital, competitiveness, infrastructure building, and social cohesion. In identifying...

Persistent link: https://www.econbiz.de/10011243221

Dynamic Incentives and the Optimal Delegation of Political Power

Borgne, Eric Le; Eggertsson, Gauti B. - International Monetary Fund (IMF) - 2007

This paper proposes a theory to explain why a politician delegates policy tasks to a technocrat in an independent institution. It formalizes the rationales for delegation highlighted by Hamilton (1788) and by Blinder (1998). Delegation trades-off the cost of having a possibly incompetent...

Persistent link: https://www.econbiz.de/10005263663

Export Quality in Developing Countries

Henn, Christian; Papageorgiou, Chris; Spatafora, Nicola - International Monetary Fund (IMF) - 2013

This paper develops new, far more extensive estimates of export quality, covering 178 countries and hundreds of products over 1962–2010. Quality upgrading is particularly rapid during the early stages of development, with quality convergence largely completed as a country reaches upper...

Persistent link: https://www.econbiz.de/10011123871

Rebalancing; Evidence from Current Account Adjustment in Europe

Atoyan, Ruben; Manning, Jonathan F; Rahman, Jesmin - International Monetary Fund (IMF) - 2013

in Europe with a focus on these two groups, looking at contributions from cyclical and other factors, and seeking to draw …

Persistent link: https://www.econbiz.de/10011242288

Bank Debt in Europe; â€œAre Funding Models Brokenâ€

Lesle, Vanessa Le - International Monetary Fund (IMF) - 2012

The crisis in Europe has underscored the vulnerability of European bank funding models compared to international peers … Europe. We argue that cyclical and structural factors have altered the structure, cost, and composition of funding for …

Persistent link: https://www.econbiz.de/10011242310

Cross-Country Linkages in Europe; A Global VAR Analysis

Sun, Yan; Heinz, Frigyes F; Ho, Giang - International Monetary Fund (IMF) - 2013

countries with the advanced Europe countries. The results show strong co-movements in output growth and interest rates but … weaker linkages bewteen inflation and real credit growth within Europe. While the euro area is the dominant source of … small but notable impact of CESEE countries on the rest of the Europe. …

Persistent link: https://www.econbiz.de/10011242313

Dismal Employment Growth in EU Countries; The Role of Corporate Balance Sheet Repair and Dual Labor Markets

Bakker, Bas B.; Zeng, Li - International Monetary Fund (IMF) - 2013

This paper argues that the large differences among EU countries in post-crisis employment performance are to a large extent driven by the need to adjust corporate balance sheets, which had greatly deteriorated during the boom years in some countries but not in others. To close the large gaps...

Persistent link: https://www.econbiz.de/10011242321

Risk Exposures and Financial Spillovers in Tranquil and Crisis Times; Bank-Level Evidence

Poirson, Hélène; Schmittmann, Jochen M. - International Monetary Fund (IMF) - 2013

For a sample of 83 financial institutions during 2003–2011, this paper attempts to answer three questions: first, what is the evolution of banks’ stock price exposure to country-level and global risk factors as approximated by equity indices; second, which bank-specific characteristics...

Persistent link: https://www.econbiz.de/10011242342

Export Performance in Europe; What Do We Know from Supply Links?

Rahman, Jesmin; Zhao, Tianli - International Monetary Fund (IMF) - 2013

analysis finds strong role of supply links in cross-country export performance in Europe, where these links between countries …

Persistent link: https://www.econbiz.de/10011242362

Global Bonding; Do U.S. Bond and Equity Spillovers Dominate Global Financial Markets?

Bayoumi, Tamim; Bui, Trung - International Monetary Fund (IMF) - 2012

financial markets and spillovers from Europe to Japan. The results also suggest that the uncertainty about the direction of …

Persistent link: https://www.econbiz.de/10011242378