Similar Search Results

Excess Liquidity and the Effectiveness of Monetary Policy; Evidence From Sub-Saharan Africa

Saxegaard, Magnus - International Monetary Fund (IMF) - 2006

This paper examines the pattern of excess liquidity in sub-Saharan Africa and its consequences for the effectiveness of monetary policy. The paper argues that understanding the consequences of excess liquidity requires quantifying the extent to which commercial bank holdings of excess liquidity...

Persistent link: https://www.econbiz.de/10005826003

The Role of Fiscal Transparency in Sustaining Stability and Growth in Latin America

Parry, Taryn - International Monetary Fund (IMF) - 2007

Latin America has experienced a resurgence in growth in recent years. However, it is also a region that has been prone to crises while growth has not delivered a significant reduction in poverty and inequality. Maintaining a strong and stable macroeconomic performance in Latin America will...

Persistent link: https://www.econbiz.de/10005826063

Performance Budgeting; Managing the Reform Process

Diamond, Jack - International Monetary Fund (IMF) - 2003

This paper reviews the role of accounting in budget system reform from the perspective of emerging economies who wish to adopt the OECD's performance budgeting reforms. While many OECD countries, pursuing the reforms associated with the New Public Management, have moved their accounting systems...

Persistent link: https://www.econbiz.de/10005826142

Reforming Intergovernmental Fiscal Relations in Argentina

Cuevas, Alfredo - International Monetary Fund (IMF) - 2003

Argentina has committed itself to a reform of its revenue-sharing system. This paper examines this system and the issues involved in its redesign, and discusses the pros and cons of various options with a view to specifying a preferred approach.

Persistent link: https://www.econbiz.de/10005826288

Public Expenditure Management in Francophone Africa; A Cross-Country Analysis

Moussa, Yaya - International Monetary Fund (IMF) - 2004

There are strong similarities between the French and French-inspired African PEM systems in terms of the legal setting, rules, and procedures. However, there are differences in practice, particularly in accounting and reporting, audit, and external control. Among the African countries...

Persistent link: https://www.econbiz.de/10005826381

Can Good Events Lead to Bad Outcomes? Endogenous Banking Crises and Fiscal Policy Responses

Rochon, Céline; Feltenstein, Andrew - International Monetary Fund (IMF) - 2006

In this paper, we study the impact of labor market restructuring and foreign direct investment on the banking sector, using a dynamic general equilibrium model with a financial sector. Numerical simulations are performed using stylized Chinese data, and banks failures are generated through...

Persistent link: https://www.econbiz.de/10005826477

Another Look at Governmentsâ€™ Balance Sheets; The Role of Nonfinancial Assets

Bova, Elva; Dippelsman, Robert; Rideout, Kara C; … - International Monetary Fund (IMF) - 2013

When discussing debt reduction strategies, little attention has been given to the role of governments’ nonfinancial assets. This is in part because data are scarce. Drawing on various data sources, this paper looks at the size, composition, and management of state-owned nonfinancial assets...

Persistent link: https://www.econbiz.de/10011242186

Fiscal Decentralization and the Efficiency of Public Service Delivery

Sow, Moussé; Razafimahefa, Ivohasina Fizara - International Monetary Fund (IMF) - 2015

This paper explores the impact of fiscal decentralization on the efficiency of public service delivery. It uses a … stochastic frontier method to estimate time-varying efficiency coefficients and analyzes the impact of fiscal decentralization on … those efficiency coefficients. The findings indicate that fiscal decentralization can improve the efficiency of public …

Persistent link: https://www.econbiz.de/10011242349

France; Lessons From Past Fiscal Consolidation Plans

Martin, Edouard; Yakadina, Irina; Tytell, Irina - International Monetary Fund (IMF) - 2011

This paper analyzes past fiscal consolidation plans and their outcomes in France. It covers the early attempts at fiscal consolidation in the 1970s and the 1980s (Plan Barre and Virage de la Rigueur), the first episode of medium-term fiscal consolidation in 1994-97 ahead of joining the European...

Persistent link: https://www.econbiz.de/10009019566

Decentralizing Spending More Than Revenue; Does it Hurt Fiscal Performance?

Eyraud, Luc; Lusinyan, Lusine - International Monetary Fund (IMF) - 2011

In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers …

Persistent link: https://www.econbiz.de/10009327869