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Ukraine; 2005 Article IV Consultation and Ex Post Assessment of Longer-Term Program Engagement: Staff Reports; Staff Supplement; and Public Information Notice on the Executive Boar...

International Monetary Fund (IMF); International … - 2005

This paper focuses on Ukraineâ€™s 2005 Article IV Consultation and Ex Post Assessment of Longer-Term Program Engagement. After four years of strong activity, annual growth has slowed sharply, from a peak of about 12 percent in 2004 to 3 percent for Januaryâ€“September 2005. Fiscal...

Persistent link: https://www.econbiz.de/10005591187

Gabon; Second Review Under the Stand-By Arrangement, Request for Waiver of Performance Criterion, and Review of Financing Assurancesâ€”Staff Report; Press Release on the Executive...

International Monetary Fund (IMF); International … - 2005

The staff report for the Second Review Under the Stand-By Arrangement (SBA) on Gabon focuses on economic developments and policies. The program supported by the 14-month SBA aims at promoting non-oil GDP growth, while sustaining fiscal adjustment and improving public expenditure management. All...

Persistent link: https://www.econbiz.de/10005591703

Do Economists' and Financial Markets' Perspectiveson the New Members of the Eu Differ?

Schadler, Susan; Luengnaruemitchai, Pipat - International Monetary Fund (IMF) - 2007

In the past several years, the ten new Central and Eastern European members of the European Union have enjoyed rapid growth but frequently alongside growing external imbalances. Economists have pointed to rising vulnerabilities, but markets compressed sovereign bond yields. This paper examines...

Persistent link: https://www.econbiz.de/10005599415

The Role of Stock Markets in Current Account Dynamics; Evidence From the United States

Mercereau, Benoît - International Monetary Fund (IMF) - 2003

This paper tests a model of the role of stock markets in current account dynamics, developed in a companion paper. With U.S. data, the model performs better than the same model without stock markets. An insight given by the model is that the current account might help predict future stock market...

Persistent link: https://www.econbiz.de/10005248178

Gabon; First Review Under the Stand-By Arrangementâ€”Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Gabon

International Monetary Fund (IMF); International … - 2005

The staff report for the First Review Under the Stand-By Arrangement (SBA) on Gabon focuses on economic developments and policies. The economy is little diversified and heavily dependent on oil production, which is on a downward trend; the debt burden is high; and social indicators are weak. The...

Persistent link: https://www.econbiz.de/10005252649

IS imbalances and current account surpluses in Japan: In memory of Professor Ronald I. McKinnon

Horioka, Charles Yuji - 2015

In this paper, I find (1) that Japan showed massive and persistent current account surpluses from at least 1981 and … until at least 2011, (2) that Professor Ronald McKinnon was correct, at least in the case of Japan, and that these large and … persistent current account surpluses were due primarily to Japan's large and persistent IS imbalances (the excess of saving over …

Persistent link: https://www.econbiz.de/10011421478

The Landscape of Capital Flows to Low-Income Countries

Dorsey, Thomas William; Brixiova, Zuzana; Singh, Sukhwinder - International Monetary Fund (IMF) - 2008

This paper reviews trends in capital flows and capital-like flows such as official grants and remittances to low-income countries over the period 1981-2006. The survey reveals a broadbased increase in such flows as a share of low-income country GDP across major regions, countries with differing...

Persistent link: https://www.econbiz.de/10005825777

Competitiveness and the Equilibrium Exchange Rate in Costa Rica

Paiva, Claudio - International Monetary Fund (IMF) - 2001

This paper evaluates several indicators of external vulnerability and estimates the equilibrium real exchange rate for Costa Rica. While current indicators are mostly positive, declining market shares of domestic exports, the expected decline in foreign direct investment, and the desirability of...

Persistent link: https://www.econbiz.de/10005826099

The Spending and Absorption of Aid in PRGF Supported Programs

Martijn, Jan Kees; Berndt, Markus; Shonchoy, Abu; … - International Monetary Fund (IMF) - 2008

This paper studies the spending and absorption of aid in PRGF-supported programs, verifies whether the use aid is programmed to be smoothed over time, and analyzes how considerations about macroeconomic stability influence the programmed use of aid. It finds that PRGF-supported programs allow...

Persistent link: https://www.econbiz.de/10005826106

International Financial Integration, Sovereignty, and Constraintson Macroeconomic Policies

Kletzer, Kenneth - International Monetary Fund (IMF) - 2006

This paper considers the consequences of international financial market integration for national fiscal and monetary policies that derive from the absence of an international sovereign authority to define and enforce contractual obligations across borders. The sovereign immunity of national...

Persistent link: https://www.econbiz.de/10005826158