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The Unequal Benefits of Fuel Subsidies; A Review of Evidence for Developing Countries
Coady, David; Granado, Javier Arze del - International Monetary Fund (IMF) - 2010
This paper reviews evidence on the impact of fuel subsidy reform on household welfare in developing countries. On … average, the burden of subsidy reform is neutrally distributed across income groups; a $0.25 decrease in the per liter subsidy … subsidies than the bottom. Issues that need to be addressed when undertaking subsidy reform are also discussed, including the …
Persistent link: https://www.econbiz.de/10008671315
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Do Remittances Reduce Aid Dependency?
Goff, Maelan Le; Kpodar, Kangni - International Monetary Fund (IMF) - 2011
Aid has been for decades an important source of financing for developing countries, but more recently remittance flows have increased rapidly and are beginning to dwarf aid flows. This paper investigates how remittances affect aid flows, and how this relationship varies depending on the channel...
Persistent link: https://www.econbiz.de/10009369450
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Business Cycle Fluctuations, Large Shocks, and Development Aid; New Evidence
Dabla-Norris, Era; Minoiu, Camelia; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2010
We examine the cyclical properties of development aid using bilateral data for 22 donors and over 100 recipients during 1970?2005. We find that bilateral aid flows are on average procyclical with respect to business cycles in donor and recipient countries. However, they become countercyclical...
Persistent link: https://www.econbiz.de/10008727796
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Development Aid and Economic Growth; A Positive Long-Run Relation
Reddy, Sanjay; Minoiu, Camelia - International Monetary Fund (IMF) - 2009
We analyze the growth impact of official development assistance to developing countries. Our approach is different from that of previous studies in two major ways. First, we disentangle the effects of two kinds of aid: developmental and non-developmental. Second, our specifications allow for the...
Persistent link: https://www.econbiz.de/10008528696
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South Africa; Financial System Stability Assessment, Including Report on the Observance of Standards and Codes on the following topic: Securities Regulation
International Monetary Fund (IMF); International … - 2008
This paper discusses the Financial System Stability Assessment for South Africa, and reviews the Report on the Observance of Standards and Codes on Securities Regulation. The assessment reveals that South Africa’s sophisticated financial system is fundamentally sound and has so far...
Persistent link: https://www.econbiz.de/10011244235
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Spain; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Supervision, Securi...
International Monetary Fund (IMF); International … - 2006
The Financial System Stability Assessment found the financial sector to be vibrant, resilient, highly competitive, and well supervised and regulated. Stress tests showed credit institutions and insurers to be highly resilient to a variety of shocks. It also found a high degree of observance of...
Persistent link: https://www.econbiz.de/10011244251
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Russian Federation; Technical Note on Crisis Management and Crisis Preparedness Frameworks
International Monetary Fund (IMF); International … - 2011
This technical note discusses the lessons learned from the financial crisis in Russia in 2008. The note summarizes key findings and recommendations, and analyzes the institutional framework and coordination arrangements for systemic risk monitoring and crisis management. It also covers crisis...
Persistent link: https://www.econbiz.de/10011244415
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Denmark; Financial Sector Assessment Program: Technical Note: Stress Testing
International Monetary Fund (IMF); International … - 2007
This technical note describes the stress testing exercises carried out for the Danish commercial banking system and the insurance sector. The tests were conducted as part of the Financial Sector Assessment Program for Denmark and were developed in collaboration with the Danish Financial...
Persistent link: https://www.econbiz.de/10011244479
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Norway; 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Norway
International Monetary Fund (IMF); International … - 2012
Norway’s near-term macroeconomic priority is to reduce risks arising from high-household debt by tightening macroprudential standards for mortgage lending while undertaking tax reforms to gradually reduce incentives for excessive leverage. Creating a stronger institutional framework for...
Persistent link: https://www.econbiz.de/10011244493
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Jamaica; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Basel Core Principles for Effective Banking Supe...
International Monetary Fund (IMF); International … - 2006
This paper discusses key findings of the Financial System Stability Assessment on the Basel Core Principles for Effective Banking Supervision, the Committee for Payment and Settlement Systems (CPSS) Core Principles for Systemically Important Payment Systems, and IMF Monetary and Financial Policy...
Persistent link: https://www.econbiz.de/10011244726