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-level productivity, focusing on the case of Estonia. We contribute to the literature in two important respects: (i) we look explicitly at …
Persistent link: https://www.econbiz.de/10012677759
Using firm-level data for Estonia for the years 1997-2005, we analyze the impact of international competition on firm …
Persistent link: https://www.econbiz.de/10012677370
We compare and contrast the economic growth performance of Estonia and Georgia since the collapse of the Soviet Union … and efficiency in Estonia than in Georgia which remains marred by various problems related to weak governance in the …
Persistent link: https://www.econbiz.de/10014409064
Intro -- Contents -- I. INTRODUCTION -- II. MAIN OBJECTIVES OF THE BSA -- III. KEY FEATURES OF THE FRAMEWORK FOR ANALYSIS -- IV. DATA METHODOLOGIES AND AVAILABILITY FOR BALANCE SHEET ANALYSIS -- V. USING TIMELY, HIGH-FREQUENCY BALANCE SHEET ANALYSIS IN SURVEILLANCE -- VI. CONCLUSIONS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691042
Several emerging economies have, until recently, experienced large government surpluses and accelerating foreign exchange reserve accumulation. This has been accompanied by economic booms, exchange rate appreciations and in some cases increases in domestic inflation. We show that one way to...
Persistent link: https://www.econbiz.de/10012677804
This paper assembles a comprehensive dataset of the currency composition of countries' external balance sheets for 50 economies over the period 1990-2020. We document the following findings: (i) the US dollar and the euro still dominate global external balance sheets; (ii) there were striking...
Persistent link: https://www.econbiz.de/10015058922
The assessment of external positions and exchange rates of member countries is a key mandate of the IMF. The External Balance Assessment (EBA) methodology has provided the framework for conducting external sector assessments by Fund staff since its introduction in 2012. This paper provides the...
Persistent link: https://www.econbiz.de/10015059632
In this paper, the IMF's new Global Economy Model (GEM) is used to estimate the contribution of unbalanced growth to the decline in the share of goods production in Australia and New Zealand. The simulation results suggest that faster productivity growth in the tradable goods sector in...
Persistent link: https://www.econbiz.de/10005248284
This paper evaluates the demand for broad money (M2) in The Gambia for January 1988-June 2007. There appears to be a long-run relationship for demand for real M2, but the relationship is not stable. Exogenous output shocks, financial innovation, changes in income velocity, and inadequate data...
Persistent link: https://www.econbiz.de/10012677841
We assess the competitiveness of Mauritius in recent years using two approaches. First, we estimate the difference between the equilibrium and the actual real exchange rate using four methods: the macroeconomic balance approach, the single-equation fundamentals approach, the capital-enhanced...
Persistent link: https://www.econbiz.de/10012677660