Showing 1 - 10 of 167
The Selected Issues paper describes the nexus between household wealth, saving, and consumption, and provides estimates … for the medium-term path of household saving and consumption. The paper also discusses to what extent the credit market …
Persistent link: https://www.econbiz.de/10011244469
This paper takes stock of the current state of development of the financial systems in five Central European transition economies (the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia) that are also leading EU accession candidates. It presents both a progress report and an...
Persistent link: https://www.econbiz.de/10005248292
consumption and investment patterns, and its capacity to manage large financial inflows. As data deficiencies and methodological …
Persistent link: https://www.econbiz.de/10005826166
Banks’ liquidity holdings are comfortably above legal or prudential requirements in most Central American countries. While good for financial stability, high systemic liquidity may nonetheless hinder monetary policy transmission and financial markets development. Using a panel of about...
Persistent link: https://www.econbiz.de/10011142020
This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in … including potential saving determinants identified by theory but not previously considered in the empirical literature. Fourth …, the paper explores differences in saving behavior nesting the 2008-10 crisis period and four different country groups …
Persistent link: https://www.econbiz.de/10011105401
This staff report on Saudi Arabia’s 2013 Article IV Consultation discusses economic policies and development. As the largest crude oil exporter, and the only producer with significant spare capacity, Saudi Arabia plays a systemic and stabilizing role in the global oil market. In 2011,...
Persistent link: https://www.econbiz.de/10011244901
Central America experienced moderate growth during the last decade, including in the years leading up to the global financial crisis, but the rate of convergence toward advanced country income levels has still been slow. Moreover, forecasts imply that these trends will continue. What can be done...
Persistent link: https://www.econbiz.de/10009369454
This paper analyzes recent fiscal policies of nonrenewable resource exporting countries in Latin America and the Caribbean in the context of sharp swings in resource prices. Fiscal policies were predominantly procyclical during the boom period 2003-08 but to significantly differing degrees...
Persistent link: https://www.econbiz.de/10008727790
In recent years, many countries have adopted Fiscal Responsibility Laws to strengthen fiscal institutions and promote fiscal discipline in a credible, predictable and transparent manner. Still, results on the effectiveness of these laws remain tentative. In this paper, we test empirically...
Persistent link: https://www.econbiz.de/10008727801
-2009. After testing five fiscal measures - government expenditure, consumption, investment, non-oil revenue, and non-oil primary …
Persistent link: https://www.econbiz.de/10009203530