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promoting aggregate saving through macro policies and capital market reforms will increase resilience against shocks going …
Persistent link: https://www.econbiz.de/10011242175
This 2009 Article IV Consultation highlights that India’s medium-term growth prospects remain bright. Prompt fiscal and monetary easing, combined with the fiscal stimulus already in the pipeline and the return of risk appetite in financial markets, have brought growth close to pre-crisis...
Persistent link: https://www.econbiz.de/10011242782
that key challenges are to reduce the high level of unemployment, lift capital controls, accelerate private sector debt …
Persistent link: https://www.econbiz.de/10011245508
will be important in managing volatile capital flows, and the build-up in reserves. Fiscal developments are consistent with …
Persistent link: https://www.econbiz.de/10011244750
Ensuring stable growth in the postcrisis world economy will require a rebalancing of economic activity in several countries. In Asia’s export-dependent economies, this entails relying more on private domestic demand as a driver of growth. While some countries need to raise consumption,...
Persistent link: https://www.econbiz.de/10008839325
We examine the short- and long-run effects of financial liberalization on capital markets. To do so, we construct a new …
Persistent link: https://www.econbiz.de/10005826221
out a viable exit strategy from official external support, permitting the Georgian authorities to return to capital …
Persistent link: https://www.econbiz.de/10011243867
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
The paper investigates the growth effects of public capital in Portugal using annual data for the period 1965-95. Both … a production function and a vector autoregressive model are estimated. Public capital is shown to be a significant long …, a substantial growth payoff from public investment. Disaggregating public capital shows that investment related to …
Persistent link: https://www.econbiz.de/10005826148
This paper reviews economic stabilization and growth in Portugal during the 1970s. Following a decade of rapid growth with external equilibrium, the Portuguese economy in the early 1970s suffered a series of major shocks. The paper highlights that the problem of managing economic growth with a...
Persistent link: https://www.econbiz.de/10005824861