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Italy; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
This 2013 Article IV Consultation highlights Italy’s assesses measures undertaken to revive economic growth. Italy is vulnerable to a renewal of euro area tension and risks from domestic policy slippages, stalling of structural reforms, and banking distress that could undermine...
Persistent link: https://www.econbiz.de/10011243723
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Republic of Moldova; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2013
This paper discusses the Poverty Reduction Strategy Paper and National Development Strategy (NDS) for the Republic of Moldova. The NDS “Moldova 2020†presents a vision of cohesive long-term sustainable economic development based on a diagnostic study of constraints to economic...
Persistent link: https://www.econbiz.de/10011243899
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Islamic Republic of Afghanistan: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Islamic Republic of Afghanistan
International Monetary Fund (IMF); International … - 2014
KEY ISSUES Context. Over the past decade, Afghanistan has made enormous progress in reconstruction, development and lifting per capita income. Security and political uncertainties, and weak institutions have constrained growth and weighed on social outcomes. With significant reform efforts and...
Persistent link: https://www.econbiz.de/10011243928
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The Federal Democratic Republic of Ethiopia; Selected Issues
International Monetary Fund (IMF); International … - 2013
This Selected Issues paper reviews the extent to which growth in Ethiopia has translated into higher living standards. A key feature of the economic strategy has been an explicit commitment to poverty reduction and structural transformation. This is underpinned by the vision of a...
Persistent link: https://www.econbiz.de/10011244172
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Hold Your Nose and Vote; Why Do Some Democracies tolerate Corruption?
Pani, Marco - International Monetary Fund (IMF) - 2009
This paper analyses why corruption can persist for long periods in a democracy and inquires whether this can result …, the paper analyzes how corruption distortsthe allocation of resources between public and private expenditure, altering the … citizens can indirectly benefit from corruption. The paper shows that, under this condition, if the citizens anticipate a shift …
Persistent link: https://www.econbiz.de/10004999974
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Oil Rents, Corruption, and State Stability; Evidence From Panel Data Regressions
International Monetary Fund (IMF); International … - 2009
We examine the effects of oil rents on corruption and state stability exploiting the exogenous within-country variation … increase in oil rents significantly increases corruption, significantly deteriorates political rights while at the same time … redistribution and conflict. We support our argument documenting that there is a significant effect of oil rents on corruption in …
Persistent link: https://www.econbiz.de/10008497600
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The Case for a European Banking Charter
Cihák, Martin; Decressin, Jörg - International Monetary Fund (IMF) - 2007
Most financial institutions in the European Union (EU) are still based in one country, but a number of large financial institutions (LCFI) have systemic cross-border exposures. The paper explains how, despite much progress, nationally-segmented supervisory frameworks and national accountability...
Persistent link: https://www.econbiz.de/10005825634
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Forces Driving Inflation in the New EU10 Members
Stavrev, Emil - International Monetary Fund (IMF) - 2009
The paper analyzes the forces driving inflation in the new EU10 member countries. A significant part of headline inflation in these countries is due to common factors, such as price level convergence and EU integration. However, idiosyncratic factors have also played a role in the inflation...
Persistent link: https://www.econbiz.de/10005825667
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Price Impacts of Non-Adoption of the Euro for Small European Countries
Anderson, Harald; Yelten, Sibel - International Monetary Fund (IMF) - 2006
Debates surrounding the adoption of a common currency have focused on its benefits weighed against the long-term costs of losing monetary independence. These debates have assumed that the penalty for not adopting a common currency is the maintenance of the status quo. This paper uses the...
Persistent link: https://www.econbiz.de/10005825723
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Global Imbalances; The Role of Non-Tradabletotal Factor Productivity in Advanced Economies
Rebucci, Alessandro; Batini, Nicoletta; Cova, Pietro; … - International Monetary Fund (IMF) - 2009
This paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of the United States, the euro area, and Japan in the emergence and evolution of today's global trade imbalances. Simulation results based on a dynamic general equilibrium model of...
Persistent link: https://www.econbiz.de/10005825739