Showing 1 - 10 of 1,109
continuation of current trends would increase the importance of subnational government while reducing (in the economic sphere) the …
Persistent link: https://www.econbiz.de/10014400764
Central government wage expenditures accounted for 7 percent of GDP in 99 countries during 1980-90 (unweighted average … countries, and small low-income economies tend to have lower central government wage expenditures as a percent of GDP. Access to … foreign financing is not; the public and publicly guaranteed foreign financing is often provided for government capital …
Persistent link: https://www.econbiz.de/10014398730
This paper investigates the role that International Monetary Fund (IMF) programs and capacity building play in fostering structural reforms. To do so, we exploit two novel datasets on IMF capacity building and structural reforms available for over one hundred IMF member countries over the period...
Persistent link: https://www.econbiz.de/10009622439
This paper examines whether IMF lending is associated with increases in outflows to offshore financial centers (OFCs), known for bank secrecy and asset protection, relative to other international destinations. Using quarterly data from the BIS on bilateral bank deposits, we are unable to detect...
Persistent link: https://www.econbiz.de/10012612347
Extending previous work on the determinants of IMF lending in an interconnected world, we introduce a model of sample …
Persistent link: https://www.econbiz.de/10012102145
The growth-at-risk (GaR) framework links current macrofinancial conditions to the distribution of future growth. Its main strength is its ability to assess the entire distribution of future GDP growth (in contrast to point forecasts), quantify macrofinancial risks in terms of growth, and monitor...
Persistent link: https://www.econbiz.de/10012009373
The IMF provides training to its membership in its core areas of expertise mainly through its Institute for Capacity …
Persistent link: https://www.econbiz.de/10011866536
This paper studies the determinants of repeated use of Fund-supported programs in a large sample covering virtually all General Resources Account (GRA) arrangements that were approved between 1952 and 2012. Generally, the revolving nature of the IMF's resources calls for the temporary sup-port...
Persistent link: https://www.econbiz.de/10012154727
The paper examines the principles on which a reform of a Quota based global economic institution like the IMF must be based, taking account of both the relative economic power of countries and the need for voice and representation of the poor countries. These principles are then used in the...
Persistent link: https://www.econbiz.de/10014398355
This paper addresses the question: Should the International Monetary Fund be making an even greater effort to adapt its objectives, priorities, rules, instruments, procedures, and resources to take account of changes in the global economic environment and in the needs of its members? It reviews...
Persistent link: https://www.econbiz.de/10014398685