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The staff report for the 2006 Article IV Consultation on Botswana highlights economic developments and monetary and exchange rate policy. Botswana’s growth has been fueled by continued increases in diamond production; and real diamond output is projected to level off, and then decline...
Persistent link: https://www.econbiz.de/10011244994
and policy developments in Serbia. The analysis indicates that privatization can result in sizable fiscal savings. … risks. Household balance sheet risks originate from currency mismatches owing to credit euroization. The fiscal balance has …
Persistent link: https://www.econbiz.de/10011243805
India’s real GDP growth slipped substantially after the North Atlantic financial crisis. Return to a sustained high growth trajectory is feasible but it will need much more focused attention to the revival of manufacturing and to the acceleration of investment in transport and...
Persistent link: https://www.econbiz.de/10011242441
The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting …
Persistent link: https://www.econbiz.de/10011142116
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 … frictions are holding back Ireland's economic recovery. Under current macroeconomic assumptions, the savings rate is expected to …
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
The paper seeks to assess the macroeconomic implications of large-scale inward remittances for a small open economy. By including remittances in several standard models, the paper concludes that the overall macroeconomic impact of remittances is likely to be ambiguous. The impact depends on the...
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
essential to accumulate savings for the period when diamond revenues decline. Striking an appropriate balance between monetary …
Persistent link: https://www.econbiz.de/10011244231
This Selected Issues paper discusses the policy response by a sample of central banks to the ongoing oil and food price shocks in South Africa, drawing some lessons, which can help put in context developments in the country. The paper discusses first- and second-round effects of “supply...
Persistent link: https://www.econbiz.de/10011244349