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Persistent link: https://www.econbiz.de/10010526188
Mexico needs to broaden and deepen its financial system without compromising the financial stability gains of the last decade. Much more private investment is needed to transform the economy to boost productivity, and despite improvements in recent years, many households and firms still lack...
Persistent link: https://www.econbiz.de/10012560311
This Country Economic Memorandum reviews the significant changes Mozambique underwent in the last five years, specifying that to continue its rapid growth, and reduce its high levels of poverty, the country will need to adopt a new set of reforms. Such reforms, focused on increasing the...
Persistent link: https://www.econbiz.de/10012558568
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"Loayza and Rancire study the apparent contradiction between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private domestic...
Persistent link: https://www.econbiz.de/10010522903
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Tajikistan is one of the world's most remittance-dependent economies, receiving net remittance inflows equivalent to approximately 40 percent of Gross Domestic Product (GDP). Falling remittance inflows was one of the main transmission channels through which the 2008-09 global economic crisis...
Persistent link: https://www.econbiz.de/10012248064
This report brings together three budget notes that assess Kenya's fiscal capacity to respond to global crisis and deliver shared growth without compromising macroeconomic stability. The report is organized into three notes. The key messages from this analysis point to areas where Kenya's fiscal...
Persistent link: https://www.econbiz.de/10012557546
Iran's economic performance in the last two decades has been very disappointing. This is highlighted by the fact that per capita GDP was 16 percent lower in 1998 than in 1979. However, the most important single reason for this poor performance was not any domestic economic policy, but the long...
Persistent link: https://www.econbiz.de/10012558651
East Asia has recovered from the economic and financial crisis. Largely thanks to China, the region's output, exports … product (GDP) growth in developing East Asia is poised to rise to 8.7 percent in 2010 after slowing from 8.5 percent in 2008 … investment rates in the region higher than in developed countries, there is scope for East Asia to move rapidly to the "green …
Persistent link: https://www.econbiz.de/10012561087