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Dominica; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2006
The Growth and Social Protection Strategy (GSPS) provides the framework for Dominica’s economic and social policies over the next five years and sets out the macroeconomic framework; the growth strategy, including the enabling environment for private enterprise and sectoral strategies;...
Persistent link: https://www.econbiz.de/10011244873
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Kingdom of Lesotho; Poverty Reduction Strategy Paper: National Strategic Development Plan
International Monetary Fund (IMF); International … - 2012
This paper describes the Kingdom of Lesotho’s Poverty Reduction Strategy Paper and National Strategic Development Plan (NSDP) 2012/13–2016/17. NSDP recognizes, as a point of departure, the need and urgency for Lesotho to radically transform its economy. To achieve the National...
Persistent link: https://www.econbiz.de/10011245521
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What Attracts tourists to Paradise?
Tsounta, Evridiki - International Monetary Fund (IMF) - 2008
This paper investigates the determinants of tourism demand in the Eastern Caribbean Currency Union. We estimate the … demand function in a panel setting using annual data from 1979 to 2005. Results show that tourism arrivals are significantly … servicing a destination, are also found to be significant determinants of tourism demand. …
Persistent link: https://www.econbiz.de/10005769110
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Eastern Caribbean Currency Union; Selected Issues
International Monetary Fund (IMF); International … - 2003
This Selected Issues paper analyzes the competitive threats to the tourism sector in the Eastern Caribbean Currency …
Persistent link: https://www.econbiz.de/10005591118
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Vacation Over; Implications for the Caribbean of Opening U.S.-Cuba tourism
Romeu, Rafael - International Monetary Fund (IMF) - 2008
An opening of Cuba to U.S. tourism would represent a seismic shift in the Caribbean's tourism industry. This study … on tourism between the two countries. After controlling for natural disasters, trade agreements, and other factors, the … results show that a hypothetical liberalization of Cuba-U.S. tourism would increase long-term regional arrivals. Neighboring …
Persistent link: https://www.econbiz.de/10005605239
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Recession and Policy Transmission to Latin American tourism; Does Expanded Travel to Cuba offset Crisis Spillovers?
Wolfe, Andrew M.; Romeu, Rafael - International Monetary Fund (IMF) - 2011
home, and consumption of tourism services across monopolistically competitive destinations abroad is presented. The model … tourist destinations. Estimates suggest median tourism arrivals decline by at least three to five percent in response to a one …. Estimates of the elasticity of substitution suggest that tourism demand is highly price sensitive, and that a variety of costs …
Persistent link: https://www.econbiz.de/10008839340
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Kyrgyz Republic; Poverty Reduction Strategy Paper: Country Development Strategy (2007: 2010)
International Monetary Fund (IMF); International … - 2007
This paper analyzes progress on the Poverty Reduction Strategy Paper—Country Development Strategy (PRSP–CDS) in the Kyrgyz Republic for 2007–10. The CDS is the most important concept paper that outlines midterm vision of the Kyrgyz Republic. The paper also discusses that...
Persistent link: https://www.econbiz.de/10011242472
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Predicting Sovereign Debt Crises
Schimmelpfennig, Axel; Roubini, Nouriel; Manasse, Paolo - International Monetary Fund (IMF) - 2003
We develop an early-warning model of sovereign debt crises. A country is defined to be in a debt crisis if it is classified as being in default by Standard & Poor's, or if it has access to nonconcessional IMF financing in excess of 100 percent of quota. By means of logit and binary recursive...
Persistent link: https://www.econbiz.de/10005248202
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Moral Hazard and International Crisis Lending: A Test
Dell'Ariccia, Giovanni; Zettelmeyer, Jeromin; Schnabel, … - International Monetary Fund (IMF) - 2002
We test for the existence of a moral hazard effect attributable to official crisis lending by analyzing the evolution of sovereign bond spreads in emerging markets before and after the Russian crisis. The nonbailout of Russia in August 1998 is interpreted as an event that decreased the perceived...
Persistent link: https://www.econbiz.de/10005263951
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International Financial Contagion and the Fund; A Theoretical Framework
Clark, Peter B.; Huang, Haizhou - International Monetary Fund (IMF) - 2001
We provide a model of contagion where countries borrow or lend for consumption smoothing at the market interest rate or a lower IMF rate. Highly indebted countries hit by large negative shocks to output will default. The resulting reduction in loanable funds raises interest rates, increases the...
Persistent link: https://www.econbiz.de/10005826144