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Inclusive Growth, Institutions, and the Underground Economy
Mohommad, Adil; Singh, Anoop; Jain-Chandra, Sonali - International Monetary Fund (IMF) - 2012
attention on the need for inclusive growth and strong institutions. In developing countries, large informal economies limit … state capacity to deliver governance and strong institutions, which in turn discourages participation in and expansion of … of institutions and the rule of law. We find that when businesses are faced with onerous regulation, inconsistent …
Persistent link: https://www.econbiz.de/10009654165
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Financial Deepening, Property Rights and Poverty; Evidence From Sub-Saharan Africa
Huang, Yifei; Singh, Raju Jan - International Monetary Fund (IMF) - 2011
Recent studies on the relationship between financial development and poverty have been inconclusive. Some claim that, by allowing more entrepreneurs to obtain financing, financial development improves the allocation of capital, which has a particularly large impact on the poor. Others argue that...
Persistent link: https://www.econbiz.de/10009293779
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The Role of Affordable Mortgages in Improving Living Standards and Stimulating Growth; A Survey of Selected Mena Countries
Nothaft, Frank E.; Erbas, S. Nuri - International Monetary Fund (IMF) - 2002
This paper argues that making affordable home mortgage loans available to a large cross section of the population will serve both the redistributive and growth-enhancing objectives of poverty reduction policies. The current state of housing and mortgage markets in selected Middle East and North...
Persistent link: https://www.econbiz.de/10005825998
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External Debt and Economic Reform; Does a Pain Reliever Delay the Necessary Treatment?
Vamvakidis, Athanasios - International Monetary Fund (IMF) - 2007
Recent literature argues that conflict in shifting adjustment costs between different socioeconomic groups delays necessary reforms and finds that such reforms often follow economic crises. This paper expands these models by including external borrowing by the private sector and shows that this...
Persistent link: https://www.econbiz.de/10005769046
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Financial Deepening in the CFA Franc Zone:The Role of Institutions
Ghura, Dhaneshwar; Kpodar, Kangni; Singh, Raju Jan - International Monetary Fund (IMF) - 2009
During the 1980s and early 1990s many Sub-Saharan African (SSA) countries undertook reforms to promote financial sector deepening. Nevertheless, financial sectors in SSA countries remain among the shallowest in the world and, within Sub-Saharan Africa, financial depth in the CFA franc zone is...
Persistent link: https://www.econbiz.de/10008528697
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The Distributive Effects of Land Titleon Labor Supply; Evidence From Brazil
Moura, Mauricio; Piza, Caio; Poplawski-Ribeiro, Marcos - International Monetary Fund (IMF) - 2011
This paper studies the effects of property-titling on labor supply. The role of legal ownership security is isolated by comparing the effect that being part of, or excluded from, a land title program in a unique quasi-experiment in two similar communities in the Brazilian city of Osasco. Our...
Persistent link: https://www.econbiz.de/10009151228
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The Impact of Legislationon Credit Risk; Comparative Evidence From the United States, the United Kingdom and Germany
Schmieder, Philipp; Schmieder, Christian - International Monetary Fund (IMF) - 2011
This study investigates the link between bankruptcy and security legislation and potential credit losses faced by banks based on a cross-country study for the United States (US), the United Kingdom (UK) and Germany. Focusing on corporate credit, we find that legislation produces the highest...
Persistent link: https://www.econbiz.de/10008876595
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Latin America; Vulnerabilities Under Construction?
Cubeddu, Luis M.; Mora, Camilo Ernesto Tovar; Tsounta, … - International Monetary Fund (IMF) - 2012
This paper documents developments in mortgage credit and the housing sector in Latin America over the past decade, and compares them with those of other emerging economies. In particular, it examines the real estate and mortgage markets to assess whether (i) growth in mortgage credit is...
Persistent link: https://www.econbiz.de/10011242412
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The Housing Cycle in Emerging Middle Eastern Economies and its Macroeconomic Policy Implications
Beidas-Strom, Samya; Lian, Weicheng; Maseeh, Ashwaq - International Monetary Fund (IMF) - 2009
This paper examines housing finance and housing price dynamics in selected emerging Middle Eastern economies over the past two decades. It finds that (i) mortgage markets have experienced rapid development, which has led to lower private per capita consumer spending volatility this decade; (ii) a...
Persistent link: https://www.econbiz.de/10008561070
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Breaking the Curse of Sisyphus; An Empirical Analysis of Post-Conflict Economic Transitions
Cevik, Serhan; Rahmati, Mohammad - International Monetary Fund (IMF) - 2013
This paper provides a broad empirical analysis of the determinants of post-conflict economic transitions across the world during the period 1960–2010, using a dynamic panel estimation approach based on the system-generalized method of moments. In addition to an array of demographic,...
Persistent link: https://www.econbiz.de/10011242246