Narrow search
Showing 1 - 10 of 3,964
Cover Image
Adopting the Euro in Central Europe; Challenges of the Next Step in European Integration
International Monetary Fund (IMF); International … - 2005
derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national … currency with the euro, but can choose when to request permission to do so). For most of these countries, adopting the euro … convergence with the rest of the euro area. …
Persistent link: https://www.econbiz.de/10005767345
Cover Image
Sustaining Latin America's Resurgence; Some Historical Perspectives
Singh, Anoop; Cerisola, Martin D. - International Monetary Fund (IMF) - 2006
This paper looks at the historical lessons that might serve to entrech Latin America's newly resurgent growth phase. It briefly reviews the post-World War II experiences in Latin America and Asia, focusing on the conditions that favored capital accumulation and productivity growth in the faster...
Persistent link: https://www.econbiz.de/10005825672
Cover Image
Fiscal Discipline and Exchange Rate Regimes; Evidence From the Caribbean
Duttagupta, Rupa; Tolosa, Guillermo - International Monetary Fund (IMF) - 2006
This paper assesses the nature of fiscal discipline under alternative exchange rate regimes. First, it shows in a simple theoretical framework that fiscal agencies under a currency union with a fixed exchange rate can have the largest incentive to overspend or "free-ride" (compared to those...
Persistent link: https://www.econbiz.de/10005605226
Cover Image
Euro Area Policies; Staff Report for the 2012 Article IV Consultation with Member Countries
International Monetary Fund (IMF); International … - 2012
The 2012 Article IV Consultation report on euro area policies highlights that investors are withholding funding from … that the euro area continues to face a number of economic challenges amid increasing financial stresses and market … commitment—with a clear, credible roadmap—to a deeper integration of the euro area. …
Persistent link: https://www.econbiz.de/10011245833
Cover Image
What Determines Government Spending Multipliers?
Müller, Gernot; Meier, André; Corsetti, Giancarlo - International Monetary Fund (IMF) - 2012
This paper studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as residuals from an estimated spending rule and trace their macroeconomic impact under different conditions regarding the exchange rate...
Persistent link: https://www.econbiz.de/10011142087
Cover Image
Malta; 2003 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Malta
International Monetary Fund (IMF); International … - 2003
Malta has advanced toward accession to the European Union (EU), and its progress in international competition and fiscal deficit reduction has contributed to rapid growth and enhanced the economy's resilience to economic shocks. Executive Directors stressed the need for fiscal consolidation,...
Persistent link: https://www.econbiz.de/10005591691
Cover Image
Slovak Republic; 2004 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Slovak Republic
International Monetary Fund (IMF); International … - 2005
This 2004 Article IV Consultation highlights that Slovakia’s economic performance has improved since the 2003 Article IV Consultation. Output has expanded strongly, and fiscal and external balances have narrowed substantially in recent years. These developments were assisted by large...
Persistent link: https://www.econbiz.de/10005825144
Cover Image
Do Fixed Exchange Rates Induce More Fiscal Discipline?
Sun, Yan - International Monetary Fund (IMF) - 2003
Conventional wisdom has held that a fixed exchange rate regime induces more fiscal discipline, but Tornell and Velasco (1995, 1998) argue the opposite. Using a dynamic model with fragmented fiscal policymaking, this paper evaluates the two arguments in a single framework and shows that (1)...
Persistent link: https://www.econbiz.de/10005604987
Cover Image
Politics, Government Size, and Fiscal Adjustment in Industrial Countries
Annett, Anthony - International Monetary Fund (IMF) - 2002
It is now well established that political and institutional factors matter for fiscal outcomes. Following a review of the literature, this paper examines the relationship between a variety of political-institutional variables and fiscal aggregates-encompassing the overall balance as well as...
Persistent link: https://www.econbiz.de/10005599740
Cover Image
Syrian Arab Republic; Selected Issues
International Monetary Fund (IMF); International … - 2006
Syria faces two interrelated medium-term challenges posed by the prospective decline in its oil reserves. The recently approved five-year plan (FYP) laid down a comprehensive strategy to address these challenges. Syria’s public finances are headed for challenging times in the coming...
Persistent link: https://www.econbiz.de/10011242932