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LICs sustain economic growth and boost resilience by building fiscal buffers. Interestingly, the size of IMF financing has … no significant impact on economic growth, possibly pointing to the prominent role of IMF policy advice and institutional … macroeconomic outcomes. Notably, the IMF financial support has the greatest impact on short-term growth when LICs are faced with …
Persistent link: https://www.econbiz.de/10010790307
This paper looks at the effects of International Monetary Fund (IMF) lending programs on banking crises in a large sample of developing countries, over the period 1970-2010. The endogeneity of the IMF intervention is addressed by adopting an instrumental variable strategy and a propensity score...
Persistent link: https://www.econbiz.de/10011163126
This paper uses the propensity matching score approach to assess the impact of the IMF’s debt limits policy (DLP) on borrowing behavior in countries eligible to borrow from its concessional lending window. The paper finds that countries under the DLP borrow significantly higher amounts of...
Persistent link: https://www.econbiz.de/10011142155
markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as … growth rates seen in the last decade or whether their prospects are dimmer than thought a few years ago. This SDN we will … explore the drivers of the slowdown, how changes in external conditions that supported high growth in EMs will affect them …
Persistent link: https://www.econbiz.de/10010878427
The need to revive Euro area growth highlights the importance of the evolution of domestic and external demand in the …
Persistent link: https://www.econbiz.de/10010959463
Total factor productivity growth was stagnant or slowing in many advanced countries even prior to the crisis. This …
Persistent link: https://www.econbiz.de/10011245883
in the private sector, increase productivity and sustainable growth, and help create the non-oil economy that will be …-wage foreign labor and the rapid growth in government spending, while the continued availability of high-paying and secure public …
Persistent link: https://www.econbiz.de/10011245892
The small states of the Asia and Pacific region face unique challenges in raising their growth potential and living … often face more limited policy tools, policies do matter and can further help build resilience and raise potential growth … improve the composition of public spending in order to foster inclusive growth. Regional solutions should also continue to be …
Persistent link: https://www.econbiz.de/10010790232
become a main engine of growth in the United States, we find that U.S. manufacturing exports could provide nonnegligible … growth opportunities going forward. …
Persistent link: https://www.econbiz.de/10010790239
The inefficiency of the Italian judicial system has contributed to reduced investments, slow growth and a difficult …
Persistent link: https://www.econbiz.de/10010790243