Showing 131 - 140 of 396,938
This paper investigates fiscal developments in 112 countries during the 1990s. It finds that, while the overall fiscal balance improved in most of them, the composition of this improvement differed. In nonprogram countries, revenues increased modestly and expenditure declined sharply, while in...
Persistent link: https://www.econbiz.de/10013318022
I analyse the evolution of the International Monetary Fund tax policy advice in three countries commonly used for tax evasion or avoidance: Panama, Seychelles, and the Netherlands. A review of loan agreements and Country Reports covering 1999 to 2017 highlights the dependence of the Fund’s...
Persistent link: https://www.econbiz.de/10011776458
The special drawing right (SDR), issued by the International Monetary Fund (IMF), has the potential to strengthen dramatically the international monetary system. Established in 1969 and allocated twice during its first decade, the SDR was in the institutional closet from 1980 until 2009, when...
Persistent link: https://www.econbiz.de/10014235587
This paper examines the nature of aid projections in IMF programs with low-income countries. The authors assess the profile of aid broadly and across regions and investigate the compatibility of IMF projections with commitments made at the 2005 Gleneagles G8 Summit to sharply increase aid. On...
Persistent link: https://www.econbiz.de/10014051469
The paper investigates changes in IMF activities using the analytical framework of international public goods. Since its founding, the mix of IMF activities has changed greatly. IMF now promotes international financial stability, whose outputs are joint products with varying degrees of...
Persistent link: https://www.econbiz.de/10014052032
A central component of IMF programs is reducing government budget deficits. We ask how domestic political considerations shape the distribution of cuts made by governments in IMF programs. Our central finding is that IMF programs shrink the role played by domestic politics. While democracies...
Persistent link: https://www.econbiz.de/10014058862
world capital market, monetary expansion in the borrowing country and the number of World Bank adjustment loans. Finally …
Persistent link: https://www.econbiz.de/10014075266
This paper provides new evidence on the role of IMF programs in stimulating private sector investments. Using detailed firm-level data on tangible fixed assets and a local projection methodology, we first estimate the dynamic response of firm investments to the approval of an IMF arrangement. We...
Persistent link: https://www.econbiz.de/10014079012
The paper presents a detailed description of IMF and World Bank conditionality and tries to explain changes in this … conditions seem to be influenced by contemporaneous World Bank activity. Moreover, the paper tries to explain compliance with … World Bank conditionality as well as interruptions of IMF programs in the recipient countries. Compliance with World Bank …
Persistent link: https://www.econbiz.de/10014107912
In the last decades, IMF’s reputation was affected by some negative perceptions on the organization, such as defender of the rich countries’ interests, an institution with immoral leaders, administrator of wrong solutions to the problems of national economies, promoter of the poverty and of...
Persistent link: https://www.econbiz.de/10014093434