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A New Financial System for Poverty Reduction and Growth
Bossone, Biaggio; Sarr, Abdourahmane - International Monetary Fund (IMF) - 2002
Our proposal draws on the premise that the availability of stable demand deposits for bank lending, in the process of which inside money is created, does not require any act of intentional saving. The mechanism allowing banks to lend deposits does not function well in low-income countries, owing...
Persistent link: https://www.econbiz.de/10005599573
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The Chinese Corporate Savings Puzzle; A Firm-Level Cross-Country Perspective
Tong, Hui; Wei, Shang-Jin; Bayoumi, Tamim - International Monetary Fund (IMF) - 2010
China’s high corporate savings rate is commonly claimed to be a key driver for the country’s large current account surplus. The mainstream explanation for high corporate savings is a combination of windfall profits in state-owned firms, especially in resource sectors, and...
Persistent link: https://www.econbiz.de/10008777019
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How Solid Is Economic Growth in the East African Community?
Gigineishvili, Nikoloz; Mauro, Paolo; Wang, Ke - International Monetary Fund (IMF) - 2014
transformation of output and exports, as well as indicators of their quality and sophistication. The move from agriculture to a wide … the production side seem to have emerged, to embed a durable comparative advantage in international markets. These …
Persistent link: https://www.econbiz.de/10011123874
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Iceland: Technical Assistance Report-Modernizing the Icelandic VAT
International Monetary Fund (IMF); International … - 2014
is sufficient to discourage their consumption. Alternatively, repeal the sugar tax and move sweetened products to the top … reliant on consumption rather than income taxation. The narrow base and wide gap between the very high 25.5 percent main VAT … necessity and prevent cascading, while taxing first residential sales will broaden the VAT base to include housing consumption …
Persistent link: https://www.econbiz.de/10011245529
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St. Kitts and Nevis; 2006 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2007
This 2006 Article IV Consultation highlights that despite the closure of the sugar industry, economic growth in St …
Persistent link: https://www.econbiz.de/10011243143
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Guyana; Staff Report for the 2009 Article IV Consultation
International Monetary Fund (IMF); International … - 2010
Guyana has weathered the impact of the global crisis well by regional and global standards. The current account deficit declined by 5 percent of GDP (to 8.5 percent of GDP), largely led by a reduction in imports, particularly of fuel. Macroeconomic policies have remained prudent. Monetary policy...
Persistent link: https://www.econbiz.de/10011243585
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Guyana; Selected Issues
International Monetary Fund (IMF); International … - 2010
The aim is to analyze the main channels of transmission for shocks from the global economy to Guyana and assess their specific spillover magnitudes. The paper documents the transmission channels of external shocks to the real economy and the financial sector, citing magnitudes and risks. It then...
Persistent link: https://www.econbiz.de/10011243927
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Kingdom of Swaziland; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2008
€™s twin challenges of enhancing financial development and ensuring financial stability. Compounding the threat to exports of … sugar and textiles is the looming issue of remaining competitive in a quickly changing global environment. The statistics on …
Persistent link: https://www.econbiz.de/10011244132
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World Saving
Grigoli, Francesco; Herman, Alexander; Schmidt-Hebbel, Klaus - International Monetary Fund (IMF) - 2014
This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in five dimensions. First, it is based on a very large and recent database, covering 165 countries from 1981 to 2012. Second, it conducts a robustness analysis across different...
Persistent link: https://www.econbiz.de/10011105401
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Export Spillovers from Global Shocks for the Middle East and Central Asia
Behar, Alberto; Espinosa-Bowen, Jaime - International Monetary Fund (IMF) - 2014
GDP indicate non-oil export volumes are relatively responsive while service exports are less responsive. Downward … Europe and emerging markets presents further downside risks for exports. The Maghreb countries are particularly sensitive to …
Persistent link: https://www.econbiz.de/10011142158