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system development, sovereign debt vulnerabilities, and ways to sustain progress in reducing inflation by strengthening the …
Persistent link: https://www.econbiz.de/10005590924
Premised on the finance-growth-poverty nexus, economic advancement of Muslim countries must be underpinned by a robust financial system. Nonetheless, this measure requires foremost demystifying the riba enigma. In this paper we develop a rational expectations model to study the riba injunction...
Persistent link: https://www.econbiz.de/10010836979
government sector (no taxes, no subsidies) and without banks granting household credit, firms end up with debt whenever they must … pay interest over their loans; and when people in addition make savings, the debt situation for firms deteriorates. Second … people, or all end up with debt whenever interests on credit are positive. It is concluded that a way out of the monetary …
Persistent link: https://www.econbiz.de/10010333154
government sector (no taxes, no subsidies) and without banks granting household credit, firms end up with debt whenever they must … pay interest over their loans; and when people in addition make savings, the debt situation for firms deteriorates. Second … people, or all end up with debt whenever interests on credit are positive. It is concluded that a way out of the monetary …
Persistent link: https://www.econbiz.de/10009769963
This 2007 Article IV Consultation underlies that strong macroeconomic policies have enabled Cambodia to achieve impressive growth and make inroads into poverty. Supported by prudent fiscal and monetary policies that have strengthened the economy’s resilience to shocks, growth has averaged...
Persistent link: https://www.econbiz.de/10011244160
In April 2009, the Boards of Executive Directors of the International Development Association (IDA) and the International Monetary Fund (IMF) agreed that Côte d’Ivoire had met the requirements for reaching the decision point under the Enhanced Heavily Indebted Poor Countries (HIPC)...
Persistent link: https://www.econbiz.de/10011244164
Albania enjoyed strong growth with comparatively benign external vulnerabilities before the crisis. Monetary policy provided timely support, and the exchange rate functioned as a shock absorber. However, policy buffers are now exhausted and must be rebuilt. Fiscal tightening has to be quickly...
Persistent link: https://www.econbiz.de/10011244179
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011244215
This paper discusses key findings of the 2005 Status Report on Poverty Reduction Strategy Paper (PRSP) on Niger. The report is based on an assessment of economic and financial performance and sectoral policy and strategy implementation in 2005. The findings reveal that implementation of the...
Persistent link: https://www.econbiz.de/10011244221
This paper discusses Haiti’s progress under the Enhanced Initiative for Heavily Indebted Poor Countries. Substantial advances have been made toward meeting the four triggers not fully implemented, and the authorities are committed to further progress in the near future. These triggers...
Persistent link: https://www.econbiz.de/10011244242