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Libya; Selected Issues
International Monetary Fund (IMF); International … - 2013
The cost of energy subsidies is large, and reduces the fiscal space available for public expenditure priorities … facilitate fuel and electricity subsidy reform, food subsidy reform should be undertaken. …
Persistent link: https://www.econbiz.de/10011244740
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Iran; The Chronicles of the Subsidy Reform
Guillaume, Dominique M.; Zytek, Roman; Farzin, Mohammad Reza - International Monetary Fund (IMF) - 2011
On December 18, 2010, Iran increased domestic energy and agricultural prices by up to 20 times, making it the first … major oil-exporting country to reduce substantially implicit energy subsidies. This paper reviews the economic and technical …
Persistent link: https://www.econbiz.de/10009203528
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The Electricity Sector in FYR Macedonia
Tieman, Alexander F. - International Monetary Fund (IMF) - 2011
, driven by the gradual adoption of the EU acquis on energy, and comes up with estimates for electricity subsidies. It …This paper describes the current state of the Macedonian electricity sector. It looks at ongoing structural changes …
Persistent link: https://www.econbiz.de/10008839339
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Quasi-Fiscal Deficits and Energy Conditionality in Selected CIS Countries
Saavalainen, Tapio; Berge, Joy Mylène ten - International Monetary Fund (IMF) - 2006
energy sector's financial imbalances. In conclusion, different policy options are discussed in light of the lessons learned. …
Persistent link: https://www.econbiz.de/10005768963
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Does Supply or Demand Drive the Credit Cycle? Evidence from Central, Eastern, and Southeastern Europe
Everaert, Greetje; Che, Natasha Xingyuan; Geng, Nan; … - International Monetary Fund (IMF) - 2015
Countries in Central, Eastern, and Southeastern Europe (CESEE) experienced a credit boom-bust cycle in the last decade. This paper analyzes the roles of demand and supply factors in explaining this credit cycle. Our analysis first focuses on a large sample of bank-level data on credit growth for...
Persistent link: https://www.econbiz.de/10011163123
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Borrower Protection and the Supply of Credit: Evidence from Foreclosure Laws
Dagher, Jihad; Sun, Yangfan - International Monetary Fund (IMF) - 2014
Laws governing the foreclosure process can have direct consequences on the costs of foreclosure and could therefore affect lending decisions. We exploit the heterogeneity in the judicial requirements across U.S. states to examine their impact on banks’ lending decisions in a sample of...
Persistent link: https://www.econbiz.de/10011142095
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The Great Cross-Border Bank Deleveraging: Supply Constraints and Intra-Group Frictions
Cerutti, Eugenio; Claessens, Stijn - International Monetary Fund (IMF) - 2014
International banks greatly reduced their direct cross-border and local affiliates’ lending as the global financial crisis strained balance sheets, lowered borrower demand, and changed government policies. Using bilateral, lender-borrower countrydata and controlling for credit demand, we...
Persistent link: https://www.econbiz.de/10011142104
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Made in Mexico: Energy Reform and Manufacturing Growth
Alvarez, Jorge; Valencia, Fabian - International Monetary Fund (IMF) - 2015
energy prices, we find electricity prices––relative to oil and gas––to be more important in the manufacturing process …. Our estimated elasticities together with plausible reductions in electricity tariffs derived from the energy reform, could …This paper assesses the real effects of the energy reform in Mexico by looking at its impact on manufacturing output …
Persistent link: https://www.econbiz.de/10011242302
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Bulgaria; Fourth Review Under the Stand-By Arrangement, Requests for Waiver of Applicability of Performance Criteria and Waiver of Nonobservance of Performance Criterion, and Reque...
International Monetary Fund (IMF); International … - 2004
Bulgaria's macroeconomic performance in the face of the prolonged slowdown in the EU has been impressive, but risks have intensified. The response of fiscal policy to these risks has been adequate. Plans to increase reliance on state enterprises to carry out public sector activities are...
Persistent link: https://www.econbiz.de/10005824945
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Italy; Detailed Assessment of Compliance with the Committee for Payment and Settlement Systems (CPSS) Core Principles for Systemically Important Payment Systems
International Monetary Fund (IMF); International … - 2004
This paper presents findings of the Detailed Assessment of Italy’s Compliance with the Committee for Payment and Settlement Systems (CPSS) Core Principles for Systemically Important Payment Systems. At present, the Italian banking system is subject to significant challenges resulting from...
Persistent link: https://www.econbiz.de/10005825068