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Sustaining Fixed Exchange Rates; A Model with Debt and Institutions
Pitt, Alexander - International Monetary Fund (IMF) - 2001
Fixed exchange rate regimes have come into disrepute, as their defense has become all but impossible. Yet, while a determined attack on a currency cannot be prevented or, ultimately, withstood, policies can reduce the vulnerability of a country to such attacks. The paper develops an analytical...
Persistent link: https://www.econbiz.de/10005263659
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The Missing Link Between Financial Constraints and Productivity
Badia, Marialuz Moreno; Slootmaekers, Veerle - International Monetary Fund (IMF) - 2009
-level productivity, focusing on the case of Estonia. We contribute to the literature in two important respects: (i) we look explicitly at … constrained. More importantly, we find that financial constraints do not lower productivity for most sectors. …
Persistent link: https://www.econbiz.de/10004999959
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The Elusive Gains From International Financial Integration
Gourinchas, Pierre-Olivier; Jeanne, Olivier - International Monetary Fund (IMF) - 2004
from a take-off in domestic productivity of the magnitude observed in some of these countries. …
Persistent link: https://www.econbiz.de/10005605034
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Public Capital and Private Sector Productivity.
Kavanagh, C. - Department of Economics, Faculty of Commerce - 1996
growth determinant. Pul\blic capital, it is argued, has a positive effect on private sector output, productivity and capital …
Persistent link: https://www.econbiz.de/10005625894
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Emerging Markets in Transition: Growth Prospects and Challenges
Cubeddu, Luis M.; Culiuc, Alexander; Fayad, Ghada; Gao, Yuan - International Monetary Fund (IMF) - 2014
After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the...
Persistent link: https://www.econbiz.de/10010878427
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Barbados: Meeting the Challenge of Competitiveness in the 21st Century
Thomas, Desmond; Rojas-Suárez, Liliana; Poon, Auliana; … - Inter-American Development Bank
The material within these pages shows that Barbados, a Caribbean country with just over a quarter of a million people, embodies many of the classic vulnerabilities of an island with a small open economy, yet aspires to developed-country status, and is already well advanced on the road to...
Persistent link: https://www.econbiz.de/10010943497
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Logistics as a Competitiveness Factor for Small and Medium Enterprises in Latin America and the Caribbean
Kirby, Carlos; Brosa, Nicolau - Inter-American Development Bank - 2011
The logistics industry is one of utmost relevance and principally serves as a motor of private sec-tor development and growth of the economic sectors of a country or region. A logistics industry that is efficient and accessible to everyone is a key element for companies in a country or region in...
Persistent link: https://www.econbiz.de/10009395237
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Second-tier Government Banks and Firm Performance: Micro-Evidence from Colombia
Maffioli, Alessandro; Eslava, Marcela; Arjona, Marcela … - Inter-American Development Bank - 2012
Despite the large potential gains from credit by second-tier development banks, little is known about the actual impact of these banks' lending activity. This study partially fills that gap by analyzing the impact of the lending activity of Bancoldex, the Colombian second-tier development bank,...
Persistent link: https://www.econbiz.de/10009421326
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Innovation in Services: The Hard Case for Latin America and the Caribbean
Tacsir, Ezequiel - Inter-American Development Bank - 2011
Recent research conducted by the IDB shows that innovation positively affects productivity growth in the Latin American … dynamics at play in the service sector in the region and the relationship between productivity and innovation in services (as … prolonged productivity lags in the region, while, if well designed and implemented, could have large economic payoffs. This …
Persistent link: https://www.econbiz.de/10009644856
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Barbados: Meeting the Challenge of Competitiveness in the 21st Century
Rojas-Suárez, Liliana; Poon, Auliana; Thomas, Desmond; … - Inter-American Development Bank
The material within these pages shows that Barbados, a Caribbean country with just over a quarter of a million people, embodies many of the classic vulnerabilities of an island with a small open economy, yet aspires to developed-country status, and is already well advanced on the road to...
Persistent link: https://www.econbiz.de/10010895474