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liquidity in the financial system, partly caused by spending of oil receipts. In the face of persistent excess liquidity in the …; however, these had a limited impact on monetary aggregates. A structural excess liquidity is a common feature in oil exporting … monetary policy and liquidity management and discusses role of selective financial markets in improving liquidity management in …
Persistent link: https://www.econbiz.de/10012560066
"Despite significant progress in economic reform throughout the 1990s and an exemplary development of the policymaking framework in the second part of the decade, Brazil suffered a major public debt and currency crisis in 2002. Though the political origin of the uncertainty cannot be ignored,...
Persistent link: https://www.econbiz.de/10010522687
and of income losses following a crisis. She tests the validity of "insurance" and "liquidity" models of currency crisis …
Persistent link: https://www.econbiz.de/10010522552
Persistent link: https://www.econbiz.de/10010523276
"The authors describe the main trends of Brazil's fiscal policy during the past decade and analyze (1) the ability to raise the primary surplus in response to external shocks, (2) the pro-cyclical nature of fiscal policy, and (3) the long-run impact of government expenditure composition and...
Persistent link: https://www.econbiz.de/10010522058
This report assesses the impact of fiscal policy, both revenue and expenditure, on inequality and poverty in the Dominican Republic. On the revenue side, the analysis focuses on the personal income tax, the value added tax (tax on the transfer of industrialized goods and services, known as ITBIS...
Persistent link: https://www.econbiz.de/10014578797
liquidity, giving assurances to bank depositors and creditors that include blanket guarantees, and structuring bail-out programs …
Persistent link: https://www.econbiz.de/10011394101
Persistent link: https://www.econbiz.de/10010523027
Persistent link: https://www.econbiz.de/10010523355
Persistent link: https://www.econbiz.de/10010525723