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"Greece and Italy initiated efforts to improve public debt management and develop their domestic debt markets …
Persistent link: https://www.econbiz.de/10010522920
logistics sector in Greece and to develop policy recommendations. The World Bank is carrying out the project at the request of … a technical assistance package provided by the World Bank Group to the Government of Greece on enhancing the business … environment and trade logistics. The package has been facilitated by the Task Force for Greece (TFGR, an arm of the European …
Persistent link: https://www.econbiz.de/10012560656
All children should be able to read by age 10. Reading is a gateway for learning as the child progresses through school - and conversely, an inability to read constrains opportunities for further learning. Reading proficiency is also critical for foundational learning in other subjects. In low-...
Persistent link: https://www.econbiz.de/10013545395
"This paper relaxes some key assumptions in the probabilistic approach to fiscal sustainability. First, the authors identify structural breaks over the sample period used to estimate the covariance matrix of the shocks to the debt ratios. Second, the assumption of normality of the shocks is...
Persistent link: https://www.econbiz.de/10010521050
"Despite the popularity of the term among advocates of debt forgiveness, there is little agreement on a workable definition of "odious" debts and there are but few examples where the concept has been invoked in law to justify non-payment of sovereign debts. Most often, these have been cases when...
Persistent link: https://www.econbiz.de/10010521083
Persistent link: https://www.econbiz.de/10010521904
"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
"Over the past 25 years, significant levels of public debt and external finance are more likely to have enhanced macroeconomic vulnerability than economic growth in developing countries. This applies not just to countries with a history of high inflation and past default, but also to those in...
Persistent link: https://www.econbiz.de/10010522526
"Chen focuses on the effects of age structure changes on the size of budget deficits of national governments. More specifically, he determines whether differences in age structure can account for the observed differences in budget deficits across countries as well as across time. By way of an...
Persistent link: https://www.econbiz.de/10010522900
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