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International Fuel Tax Assessment; An Application to Chile
Parry, Ian W.H.; Strand, Jon - International Monetary Fund (IMF) - 2011
Gasoline and diesel fuel are heavily taxed in many developed and some emerging and developing countries. Outside of the United States and Europe, however, there has been little attempt to quantify the external costs of vehicle use, so policymakers lack guidance on whether prevailing tax rates...
Persistent link: https://www.econbiz.de/10009203535
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Reforming the Tax System to Promote Environmental Objectives; An Application to Mauritius
Parry, Ian W.H. - International Monetary Fund (IMF) - 2011
Fiscal instruments are potentially among the most effective, and cost-effective, options for addressing externalities related to poor air quality, urban road congestion, and greenhouse gases. This paper takes a case study, focused on Mauritius (a pioneer in the use of green taxes) to illustrate...
Persistent link: https://www.econbiz.de/10009151204
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Reforming the Corporate Governance of Italian Banks
Jassaud, Nadège - International Monetary Fund (IMF) - 2014
Sound corporate governance is essential for a well-functioning banking system and the integrity of financial markets …. The paper discusses the corporate governance of Italian banks, its regulatory framework, and the specific challenges … improving their corporate governance, more needs to be done. In this regard, further improvements should include: (i …
Persistent link: https://www.econbiz.de/10010959465
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Ethnic Diversity, Democracy, and Corruption
Yehoue, Etienne B. - International Monetary Fund (IMF) - 2007
I study the link between ethnic diversity, democracy, and corruption. In a static model, I show that contrary to conventional wisdom, corruption might emerge as a negative externality of democracy. This occurs through ethnicity, which appears as a rent-extracting technology in a democratic...
Persistent link: https://www.econbiz.de/10005248127
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Financial Globalization and the Governance of Domestic Financial Intermediaries
Tressel, Thierry; Verdier, Thierry - International Monetary Fund (IMF) - 2007
the general equilibrium effects of capital flows (portfolio investments and loans, FDI) on the governance of domestic … banks. We find that liberalization of capital flows may deteriorate the governance of the domestic financial system by …
Persistent link: https://www.econbiz.de/10005248244
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Dynamic Incentives and the Optimal Delegation of Political Power
Borgne, Eric Le; Eggertsson, Gauti B. - International Monetary Fund (IMF) - 2007
This paper proposes a theory to explain why a politician delegates policy tasks to a technocrat in an independent institution. It formalizes the rationales for delegation highlighted by Hamilton (1788) and by Blinder (1998). Delegation trades-off the cost of having a possibly incompetent...
Persistent link: https://www.econbiz.de/10005263663
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Did Botswana Escape From the Resource Curse?
Iimi, Atsushi - International Monetary Fund (IMF) - 2006
resource abundance can contribute to growth. It finds that governance determines the extent to which the growth effects of …
Persistent link: https://www.econbiz.de/10005263757
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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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Big Government, High Debt, and Fiscal Adjustment in Small States
Ota, Rui; Cas, Stephanie Medina - International Monetary Fund (IMF) - 2008
restraint, can underpin growth, although sometimes other elements can also impact. Since better governance is associated with … lower debt, fiscal adjustment should be supported by governance improvements. …
Persistent link: https://www.econbiz.de/10005263886
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Does Trade and Technology Transmission Facilitate Inequality Convergence? An inquiry Into the Role of Technology in Reducing the Poverty of Nations
Das, Gouranga Gopal - International Monetary Fund (IMF) - 2007
capability, better governance and institutions, technological symmetry and social acceptance-causes income to increase and income …
Persistent link: https://www.econbiz.de/10005264015