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Toward A Sustainable and Inclusive Consolidation in Lithuania; Past Experience and What is Needed Going Forward
Geng, Nan - International Monetary Fund (IMF) - 2013
This paper reviews Lithuania’s fiscal consolidation since 2009, assesses the contribution of revenue and expenditure to the consolidation, evaluates the quality of measures, and draws lessons for the future. It finds that, despite having the lowest revenue-to-GDP ratio in the EU, Lithuania’s...
Persistent link: https://www.econbiz.de/10011242296
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Distributional Consequences of Fiscal Consolidation and the Role of Fiscal Policy; What Do the Data Say?
Woo, Jaejoon; Bova, Elva; Kinda, Tidiane; Zhang, … - International Monetary Fund (IMF) - 2013
The 2007-09 Great Recession has led to an unprecedented increase in public debt in many countries, triggering substantial fiscal adjustments. What are the distributional consequences of fiscal austerity measures? This is an important policy question. This paper analyzes the effects of fiscal...
Persistent link: https://www.econbiz.de/10011242413
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Democratic Republic of São Tomé and Príncipe; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2005
This paper focuses on the Poverty Reduction Strategy Paper (PRSP) for the Democratic Republic of São Tomé and Príncipe. The National Poverty Reduction Strategy Paper represents the result of analyses of the country’s current situation as well as a set of proposals designed to rout the...
Persistent link: https://www.econbiz.de/10005599089
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Land Distribution and Financial System Development
Vollrath, Dietrich; Erickson, Lennart - International Monetary Fund (IMF) - 2007
Research on credit markets from developing economies, as well as work on the origin of institutions in general, has suggested that land inequality may play a role in determining financial development. In this paper we establish empirically that initial land inequality is a significant predictor...
Persistent link: https://www.econbiz.de/10005599730
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Income Inequality and Redistributive Government Spending
International Monetary Fund (IMF); International … - 2003
The paper examines empirically the question of whether more unequal societies spend more on income redistribution than their more egalitarian counterparts. Theoretical arguments on this issue are inconclusive. The political economy literature suggests that redistributive spending is higher in...
Persistent link: https://www.econbiz.de/10005248211
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Brazil; Detailed Assessment of Observance of Insurance Core Principles of the International Association of Insurance Supervisors
International Monetary Fund (IMF); International … - 2012
This report is a full assessment of Brazil’s compliance with the Insurance Core Principles (ICPs) of the … International Association of Insurance Supervisors (IAIS) as adopted in October 2011. In the last few years, the Brazilian insurance … industry experienced an explosive growth doubling the premium between 2005 and 2010. Investments by the insurance sector are …
Persistent link: https://www.econbiz.de/10011242544
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Australia; Report on the Observance of Standards and Codes (ROSC)—Summary Assessments
International Monetary Fund (IMF); International … - 2012
The main objective of the assessment was to analyze and observe the implementation of the International Organization of Securities Commissions (IOSCO) Principles in Australia. The various responsibilities of the Australian Securities and Investments Commission (ASIC) were highlighted and the...
Persistent link: https://www.econbiz.de/10011242567
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People’s Republic of China––Hong Kong Special Administrative Region: Report on the Observance of Standards and Codes
International Monetary Fund (IMF); International … - 2014
This paper discusses key findings of the Report on the Observance of Standards and Codes for Hong Kong Special Administrative Region (HKSAR). HKSAR has a very high level of compliance with the Basel Core Principles for Effective Banking Supervision. The Hong Kong Monetary Authority (HKMA)...
Persistent link: https://www.econbiz.de/10011242700
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Italy: Detailed Assessment of IAIS Insurance core Principles
International Monetary Fund (IMF); International … - 2013
This paper discusses the findings of Detailed Assessment of International Association of Insurance Supervisors (IAIS …) insurance core principles on Italy. Regulation and supervision of the insurance industry in Italy is the responsibility of the … newly established Institution for the Supervision of Insurance (IVASS). IVASS has reached international best practice in …
Persistent link: https://www.econbiz.de/10011243249
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Denmark: Financial System Stability Assessment
International Monetary Fund (IMF); International … - 2014
The paper discusses findings of the Financial System Stability Assessment for Denmark. The Danish authorities have taken important steps to improve financial system resilience. Financial regulation and supervision have been strengthened. A new bank resolution framework that includes bail-in of...
Persistent link: https://www.econbiz.de/10011243365