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Constraints on the Design and Implementation of Monetary Policy in Oil Economies
Fund, International Monetary - 2008
By definition, fiscal dominance impedes the effective implementation of any monetary strategy aimed at controlling inflation. Economies that exhibit oil dominance-a situation in which oil exports largely affect the main macroeconomic indicators-may also exhibit fiscal dominance. However, in this...
Persistent link: https://www.econbiz.de/10012677604
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Africa's Oil Abundance and External Competitiveness : Do Institutions Matter?
Qureshi, Mahvash - 2008
This paper examines the structural competitiveness of oil-rich economies in sub-Saharan Africa relative to other major oil-exporting developing countries, and investigates reasons for systematic differences in the non-oil export performance across these economies. The analysis reveals that...
Persistent link: https://www.econbiz.de/10014409041
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Africa's Oil Abundance and External Competitiveness
Qureshi, Mahvash Saeed - 2008
This paper examines the structural competitiveness of oil-rich economies in sub-Saharan Africa relative to other major oil-exporting developing countries, and investigates reasons for systematic differences in the non-oil export performance across these economies. The analysis reveals that...
Persistent link: https://www.econbiz.de/10012677623
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Local governments’ fiscal balance, privatization, and banking sector reform in transition countries
Crivelli, Ernesto - 2012
liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances … over 19 years to address a central question of fact: Did privatization help to promote local governments' fiscal discipline …? The answer is clearly 'no' for privatization considered in isolation. However, privatization and subnational f …
Persistent link: https://www.econbiz.de/10009618582
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What Do Remittances Do? Analyzing the Private Remittance Transmission Mechanism in El Salvador.
Nery Saca, Nolvia - 2006
Intro -- Contents -- I. INTRODUCTION -- II. BRIEF REVIEW OF RESEARCH ON EL SALVADOR'S RECEIPTS OF REMITTANCES -- III. STYLIZED FACTS OF EL SALVADOR'S ECONOMY, 1995-2004 -- IV. MODEL SPECIFICATION AND DATA ISSUES -- V. EMPIRICAL EVIDENCE: TRANSMISSION MECHANISM -- VI. CONCLUSIONS AND ECONOMIC...
Persistent link: https://www.econbiz.de/10012691067
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Pension Privatization and Country Risk
Cuevas, Alfredo - 2008
pension liabilities during the reform's transition period, a pension privatization reform may transform IPD int …
Persistent link: https://www.econbiz.de/10012677645
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Tackling Private Over-Indebtedness in Asia : Economic and Legal Aspects
Garrido, Jose - 2020
One consequence of interest rates remaining 'too low for too long' since the Global Financial Crisis is the buildup in private leverage in emerging economies. These vulnerabilities have been laid bare by the COVID-19 shock. This paper employs the growth at risk framework (Adrian, Boyarchenko,...
Persistent link: https://www.econbiz.de/10014408871
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Global Business Cycles : Convergence or Decoupling?
Kose, M. Ayhan - 2008
. SOURCES OF BUSINESS CYCLE FLUCTUATIONS: 1960-2005 -- V. GLOBALIZATION AND THE EVOLUTION OF INTERNATIONAL BUSINESS CYCLES -- VI …
Persistent link: https://www.econbiz.de/10012682176
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Global Impact of the Systemic Economies and MENA Business Cycles.
Cashin, Paul - 2012
This paper analyzes spillovers from macroeconomic shocks in systemic economies (China, the Euro Area, and the United States) to the Middle East and North Africa (MENA) region as well as outward spillovers from a GDP shock in the Gulf Cooperation Council (GCC) countries and MENA oil exporters to...
Persistent link: https://www.econbiz.de/10012690165
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Globalization and Corporate Taxation.
Kumar, Manmohan S - 2012
between financial globalization and corporate tax rates and revenues—results vary according to country grouping with OECD …. Financial Globalization, Political Economy Factors, and Corporate Tax Rates -- A. Open Economy Macroeconomics -- B …. Globalization and Strategic Considerations -- C. Diffusion of Ideas -- IV. Hypotheses -- V. Data and Measures, and Methodology -- VI …
Persistent link: https://www.econbiz.de/10012690167