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The Role of Affordable Mortgages in Improving Living Standards and Stimulating Growth; A Survey of Selected Mena Countries
Nothaft, Frank E.; Erbas, S. Nuri - International Monetary Fund (IMF) - 2002
This paper argues that making affordable home mortgage loans available to a large cross section of the population will serve both the redistributive and growth-enhancing objectives of poverty reduction policies. The current state of housing and mortgage markets in selected Middle East and North...
Persistent link: https://www.econbiz.de/10005825998
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Bhutan; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2010
Bhutan has evolved from a closed economy to a trading nation that exhibits a high degree of dependence on trade. Exports have grown rapidly but overall the country’s trade deficit continues to widen owing to an even faster growth in the value of imports. The manufacturing and industry...
Persistent link: https://www.econbiz.de/10011243582
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Rising Income Inequality; Technology, o+L3904r Trade and Financial Globalization?
Papageorgiou, Chris; Lall, Subir; Jaumotte, Florence - International Monetary Fund (IMF) - 2008
We examine the relationship between trade and financial globalization and the rise in inequality in most countries in … recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited … overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction …
Persistent link: https://www.econbiz.de/10005263792
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The Elusive Gains From International Financial Integration
Gourinchas, Pierre-Olivier; Jeanne, Olivier - International Monetary Fund (IMF) - 2004
Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this...
Persistent link: https://www.econbiz.de/10005605034
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Rwanda; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2008
Rwanda’s Economic Development and Poverty Reduction Strategy provides a medium-term framework for achieving the country’s long-term development goals and aspirations as embodied in Rwanda Vision 2020, the seven-year Government of Rwanda programme, and the Millennium Development...
Persistent link: https://www.econbiz.de/10011244912
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Social Capital and Civil Society
Fukuyama, Francis - International Monetary Fund (IMF) - 2000
Social capital is an instantiated informal norm that promotes cooperation between individuals. In the economic sphere it reduces transaction costs, and in the political sphere it promotes the kind of associational life that is necessary for the success of limited government and modern democracy....
Persistent link: https://www.econbiz.de/10005769240
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Bangladesh; Selected Issues
International Monetary Fund (IMF); International … - 2010
This Selected Issues paper analyzes the surprising strength of remittances in Bangladesh and other countries in South Asia and the Philippines in 2009. The empirical analysis suggests that the continued strong growth of remittances in these countries is related to the resilience of non-oil GDP...
Persistent link: https://www.econbiz.de/10011245440
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Remittances in Pakistan; Why have they gone up, and why Aren't they coming down?
Sun, Yan; Kock, Udo - International Monetary Fund (IMF) - 2011
The flow of workers' remittances to Pakistan has more than quadrupled in the last eight years and it shows no sign of slowing down, despite the economic downturn in the Gulf Cooperation Council (GCC) and other important host countries for Pakistani workers. This paper analyses the forces that...
Persistent link: https://www.econbiz.de/10009293774
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Impact of Remittanceson Poverty and Financial Development in Sub-Saharan Africa
Gupta, Sanjeev; Pattillo, Catherine A.; Wagh, Smita - International Monetary Fund (IMF) - 2007
This paper assesses the impact of the steadily growing remittance flows to sub-Saharan Africa (SSA). Though the region receives only a small portion of the total recorded remittances to developing countries, and the volume of aid flows to SSA swamps remittances, this paper finds that...
Persistent link: https://www.econbiz.de/10005826522
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Global Aging and Fiscal Policy with International Labor Mobility; A Political Economy Perspective
Tosun, Mehmet S. - International Monetary Fund (IMF) - 2005
This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the political structure composed of young and elderly voters in both labor-receiving and...
Persistent link: https://www.econbiz.de/10005605124