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Budget Institutions in Low-Income Countries: Lessons from G-20
Gupta, Sanjeev; Yläoutinen, Sami - International Monetary Fund (IMF) - 2014
This paper presents twelve budget institutions that can support planning and delivery of credible fiscal strategies in the fiscal policy-making process. The resulting framework is applied to seven low-income countries and the status of their budget institutions compared to the G-20 advanced and...
Persistent link: https://www.econbiz.de/10011142112
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Das (Wasted) Kapital; Firm Ownership and Investment Efficiency in China
Dollar, David; Wei, Shang-Jin - International Monetary Fund (IMF) - 2007
Based on a survey that we designed and that covers a stratified random sample of 12,400 firms in 120 cities in China with firm-level accounting information for 2002-2004, this paper examines the presence of systematic distortions in capital allocation that result in uneven marginal returns to...
Persistent link: https://www.econbiz.de/10005248196
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Financial Globalization and the Governance of Domestic Financial Intermediaries
Tressel, Thierry; Verdier, Thierry - International Monetary Fund (IMF) - 2007
guarantees increase the risks of collusion. …
Persistent link: https://www.econbiz.de/10005248244
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Financial Sector Evolution in the Central European Economies; Challenges in Supporting Macroeconomic Stability and Sustainable Growth
Wagner, Nancy L.; Iakova, Dora M. - International Monetary Fund (IMF) - 2001
This paper takes stock of the current state of development of the financial systems in five Central European transition economies (the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia) that are also leading EU accession candidates. It presents both a progress report and an...
Persistent link: https://www.econbiz.de/10005248292
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A Review of Capital Budgeting Practices
Jacobs, Davina F. - International Monetary Fund (IMF) - 2008
A key challenge in government budgeting is to define an appropriate balance between current and capital expenditures …. Budgeting for government capital investment also remains not well-integrated into the formal budget preparation process in many … countries. This paper aims to provide an overview of past and current budgeting practices for public investment. The study will …
Persistent link: https://www.econbiz.de/10005263712
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Financial Integration and Risk-Adjusted Growth Opportunities
Ivaschenko, Iryna V.; Nicoló, Gianni De - International Monetary Fund (IMF) - 2008
This paper documents the evolution of measures of financial integration for major advanced and emerging markets economies, assesses whether advances in integration have had a significant positive impact on countries' risk-adjusted growth opportunities, and identifies some of the channels through...
Persistent link: https://www.econbiz.de/10005263723
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Monetary Policy and Corporate Behaviour in India
International Monetary Fund (IMF); International … - 2005
The paper examines the association and corporate behavior for a sample of manufacturing firms in India for the post-reform period 1992-2003. The findings suggest that a contractionary monetary policy lowers overall debt including bank debt, although the lagged response is positive, and listed...
Persistent link: https://www.econbiz.de/10005263785
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Oil Exporters' Dilemma; How Much to Save and How Much to Invest
Cherif, Reda; Hasanov, Fuad - International Monetary Fund (IMF) - 2012
Policymakers in oil-exporting countries confront the question of how to allocate oil revenues among consumption, saving, and investment in the face of high income volatility. We study this allocation problem in a precautionary saving and investment model under uncertainty. Consistent with data...
Persistent link: https://www.econbiz.de/10009650622
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Fiscal Policy and the Real Exchange Rate
Chatterjee, Santanu; Mursagulov, Azer - International Monetary Fund (IMF) - 2012
Government spending on infrastructure has recently increased sharply in many emerging-market economies. This paper examines the mechanism through which public infrastructure spending affects the dynamics of the real exchange rate. Using a two-sector dependent open economy model with...
Persistent link: https://www.econbiz.de/10009654171
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Financial Stability Reports:What Are they Good for?
Muñoz, Sònia; Jahjah, Samir; Cihák, Martin; … - International Monetary Fund (IMF) - 2012
The global financial crisis has renewed policymakers' interest in improving the policy framework for financial stability, and an open question is to what extent and in what form should financial stability reports be part of it. We examine the recent experience with central banks' financial...
Persistent link: https://www.econbiz.de/10009401194