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"This paper relaxes some key assumptions in the probabilistic approach to fiscal sustainability. First, the authors …
Persistent link: https://www.econbiz.de/10010521050
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The exposure of African financial sectors to global risks, including the likely fall-out of the on-going European debt crisis, continues to be limited. African financial sectors have received much recognition for their steady growth performance and resilience during and after the 2008 global...
Persistent link: https://www.econbiz.de/10012557855
"A resurgence of recent interest in fiscal federalism has been a source of concern among macroeconomic stabilization experts. They argue that a decentralized fiscal system poses a threat to macroeconomic stability as it is incompatible with prudent monetary and fiscal management. The author...
Persistent link: https://www.econbiz.de/10010522414
The report titled ‘contingent liabilities: the Colombian experience,’ is the first publication on the management of contingent liabilities in Colombia. Published by the Ministry of Finance and Public Credit (MHCP), the report highlights technical and normative efforts and policy reforms on...
Persistent link: https://www.econbiz.de/10012564752
sustainability in Dominica and presents options for fiscal consolidation; Chapter 2 discusses the budget management system in place …
Persistent link: https://www.econbiz.de/10012553479
fiscal sustainability, improve social service delivery, and reform social protection based on the economic situation of the … country at the time. To restore rapid economic growth, ensure medium-term fiscal sustainability under the umbrella of the …: Chapter 1 discusses fiscal sustainability in Grenada and presents options for fiscal consolidation; Chapter 2 discusses the …
Persistent link: https://www.econbiz.de/10012559419
Mexico needs a comprehensive fiscal reform to alleviate the looming medium-term pressures on its budget. This policy note contributes to the debate on Mexico's looming fiscal challenges. The country's fiscal framework, centered on the 2006 budget and fiscal responsibility law, and prudent fiscal...
Persistent link: https://www.econbiz.de/10012560519
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This is the second volume of a study on the insights from a 12-country pilot program on public debt management and domestic government debt market development. The discussion of domestic government debt market development in this book uses a building block approach to gain insights into...
Persistent link: https://www.econbiz.de/10012563119