Showing 1 - 10 of 10
Using a panel of 30 emerging market economies from 1997 to 2007, this paper investigates the determinants of country risk premiums as measured by sovereign bond spreads. Unlike previous studies, the results indicate that both fiscal and political factors matter for credit risk in emerging...
Persistent link: https://www.econbiz.de/10014401379
Persistent link: https://www.econbiz.de/10009152925
This paper presents a preliminary analysis of the likely social impact of the economic crisis and the reform programs in three Asian countries—Indonesia, Korea, and Thailand. The focus is on likely changes in real consumption expenditures arising from higher inflation and increases in...
Persistent link: https://www.econbiz.de/10014402753
The reform of fiscal policies and institutions lies at the heart of structural adjustment in developing countries. Although the immediate aim of such reform is to reduce fiscal imbalances to achieve macroeconomic stability, the long-term goal is to secure more durable improvements in fiscal...
Persistent link: https://www.econbiz.de/10014404971
As part of its mandate, the IMF seeks to create the conditions necessary for sustained high-quality growth, which encompasses a broad range of elements. These include sound macroeconomic policies, growth-enhancing structural reforms, good governance, and such social policies as cost-effective...
Persistent link: https://www.econbiz.de/10014405795
This text provides guidance to policymakers on how to design and implement sound price-subsidy reforms. It draws on the experience of price-subsidy reform in 28 countries. The authors discuss economic and political considerations and make several recommendations concerning the speed of reform...
Persistent link: https://www.econbiz.de/10014411066
Using a panel of 30 emerging market economies from 1997 to 2007, this paper investigates the determinants of country risk premiums as measured by sovereign bond spreads. Unlike previous studies, the results indicate that both fiscal and political factors matter for credit risk in emerging...
Persistent link: https://www.econbiz.de/10012677688
This paper presents an analysis of the social impact of the economic crisis and reform programs in three Asian countries: Indonesia, Korea, and Thailand. The focus is on changes in real consumption expenditures arising from higher inflation and unemployment
Persistent link: https://www.econbiz.de/10014183382
A preliminary analysis of the impact of the Asian crisis shows that poverty could increase significantly in Indonesia, Korea and Thailand. The adjustment programs incorporate measures to mitigate the costs of the crisis. But if the crisis deepens, additional policy options might need to be...
Persistent link: https://www.econbiz.de/10013125790
This paper estimates the impact of public spending on the poor`s health status in over 70 countries. It provides evidence that the poor have significantly worse health status than the rich and that they are more favorably affected by public spending on health care. An important new result is...
Persistent link: https://www.econbiz.de/10013317881