This paper attempts to describe and assess the achievements of the countries of South Eastern Europe - Albania, Bosnia and Herzegovina, Bulgaria, Croatia, FYR Macedonia, Romania, and Federal Republic of Yugoslavia - in pursuing structural economic reforms in the period since the end of the...

This paper highlights Pakistan's 2013 Article IV Consultation and Request for an Extended Arrangement Under the Extended Fund Facility. Discussions in the IMF report focus on macroeconomic policies to address vulnerabilities and reforms to promote robust inclusive growth. The authorities'...

Global and economic aspects of the crisis: two aspects of the current crisis are important to stress. The first is its global nature. As you know, this crisis started last year in the US and European financial markets but spread quickly to developing countries. The second is its economic impact....

We develop a simple macroeconomic model which is then estimated for the Philippines. Econometric evidence shows that Philippines monetary authorities have been reluctant to allow a real devaluation because of a large public external debt and for the fear of fueling inflation. Simulations show...

The paper develops a simple macroeconomic model which is then estimated for the Philippines. Econometric evidence shows that Philippines monetary authorities have been reluctant to allow a real devaluation, because of a large public external debt and for the fear of fueling inflation....

This paper attempts to describe and assess the achievements of the countries of South Eastern Europe - Albania, Bosnia and Herzegovina, Bulgaria, Croatia, FYR Macedonia, Romania, and Federal Republic of Yugoslavia - in pursuing structural economic reforms in the period since the end of the...