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This 2002 Article IV Consultation highlights that the overall budget balance of Algeria weakened in 2001 and the first half of 2002. This deterioration mainly reflected higher spending and a decline in hydrocarbon revenues owing to a reduction in volumes and prices. The overall balance dropped...
Persistent link: https://www.econbiz.de/10005768380
The financial turmoil of the late 1990s prompted a broad search for tools and techniques for detecting and preventing financial crises, and more recent episodes of instability have high lighted the importance of continuous monitoring of financial systems as a tool for preventing crises. This...
Persistent link: https://www.econbiz.de/10005590915
Until recently, Croatia's economic performance was the envy of many countries in transition: a successful stabilization effort in late 1993 was followed by virtual price stability and real GDP growth of 6 percent a year during 1994–97. Monetary tightening, the weak economy, and a...
Persistent link: https://www.econbiz.de/10005591281
Domestic demand continued to grow at rapid rates, despite corrective fiscal and monetary policy measures. Although trade and financial sector reforms advanced and foreign direct investment (FDI) regulations were liberalized, there was less progress in improving the business environment, reducing...
Persistent link: https://www.econbiz.de/10005591450
also highlights the fiscal, monetary, and external sector developments, and the failures and credibility in the banking … classification of central government expenditure, summary of accounts of the central bank of Liberia, and deposit money banks during …
Persistent link: https://www.econbiz.de/10005825450
financial policy transparency and banking supervision. Financial intermediation in Algeria will be bank-based in the future, and … only politically difficult decisions to gradually sell state banks will eliminate the drag that current banking practices …
Persistent link: https://www.econbiz.de/10005768650
This 2011 Article IV Consultation highlights that Qatar is using its fiscal space, generated from an increase in hydrocarbon production and prices, to implement a large public spending program. Large infrastructure investments are expected to sustain strong growth of 9 percent to 10 percent in...
Persistent link: https://www.econbiz.de/10011242620
-term macroeconomic stability and stem the decline in net foreign assets (NFA) of the banking system. IMF staff noted that the overall …
Persistent link: https://www.econbiz.de/10011243868
The purpose of this paper is to study the origins of banking crises in sub-Saharan Africa, drawing upon the experience … these crises. The conclusions underscore that the banking crises examined did not represent an entirely special case … several of their features were nonetheless specific to this part of the world. These banking crises were the very prototype of …
Persistent link: https://www.econbiz.de/10005769085
Do financial sector reforms necessarily result in expansion of credit to the private sector? How does bank ownership affect the availability of credit to the private sector? Empirical evidence is somewhat mixed on these issues. We use the Indian experience with liberalization of the financial...
Persistent link: https://www.econbiz.de/10008876581