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Persistent link: https://www.econbiz.de/10011281182
Growth has been sluggish in Pacific island countries (PICs). High cost of credit is likely one of the reasons. While the small scale, geographic dispersion, and vulnerability to shocks increase the cost and risk of credit in this country group, there is considerable variability in interest rate...
Persistent link: https://www.econbiz.de/10014412097
structural progressive tax reform to a greater extent than others in the sample, controlling for income, demographic …
Persistent link: https://www.econbiz.de/10012517935
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relationship between technical assistance and the improvement in tax revenues. The paper finds that technical assistance … significantly and positively increases tax revenues. Both income per capita and openness were found to positively improve the tax … assistance, income per capita, openness, and tax revenues. This result further underscores that it takes time to build capacity …
Persistent link: https://www.econbiz.de/10012518287
This study focuses on identifying the main factors that influenced country-specific and aggregate demand for IMF concessional financing between 1986 and 2018 and makes within-period and out-of-period forecasts. We find that the external debt level, inflation, and real effective exchange rate are...
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We use loan-level data on syndicated lending to a large sample of developing countries between 1993 and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), controlling for a large set of fixed effects. We find evidence of positive and significant direct and...
Persistent link: https://www.econbiz.de/10012009274
Cross-border bank lending is a growing source of external finance in developing countries and could play a key role for infrastructure financing. This paper looks at the role of multilateral development banks (MDBs) on the terms of syndicated loan deals, focusing on loan pricing. The results...
Persistent link: https://www.econbiz.de/10011978454