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Monetary Transaction Costs and the Term Premium

by Raphael A. Espinoza & Dimitrios P. Tsomocos

We show that, in a monetary equilibrium, trade and asset prices depend on both the supply of the liquidity by the Central Bank and the liquidity of assets and commodities. As a result, monetary aggregates are...


West African Economic and Monetary Union (WAEMU): Staff Report on Common Policies for Member Countries

by International Monetary Fund. African Dep

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Democratic Republic of the Congo:  2012 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Stateme

by International Monetary Fund. African Dep

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Haiti: Selected Issues

by International Monetary Fund. Western Hem

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Hungary: 2013 Article IV Consultation and Third Post Program Monitoring Discussions-Staff Report; Informational Annex; Public Information Notice; and

by International Monetary Fund

The government has continued to pursue an unconventional strategy for economic recovery. Despite improved market sentiment which has eased financing constraints, the economic outlook remains difficult and large...


Panama: 2012 Article IV Consultation

by International Monetary Fund. Western Hem

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Republic of Lithuania: Selected Issues

by International Monetary Fund

Lithuania has undertaken significant fiscal adjustment to date. It implemented fiscal measures amounting to some 17 percent of GDP during 2009–12, about half of which were frontloaded in 2009. This has brought...


Republic of Equatorial Guinea: Staff Report, Informational Annex, Public Information Notice, Statement by the Executive Director, Observations by the

by International Monetary Fund

A five-year burst in public investment, largely financed by buoyant oil revenue, has transformed the country’s infrastructure. Roads, ports, and power supply have been upgraded, and a number of prestige projects...


Panama: Selected Issues

by International Monetary Fund. Western Hem

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Republic of Equatorial Guinea: Statistical Appendix

by International Monetary Fund

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


The Global Financial Crisis: An Anatomy of Global Growth

by Troy Matheson

The global financial crisis was a stark reminder of the importance of cross-country linkages in the global economy. We document growth synchronization across a diverse group of 185 countries covering 7 regions,...


The Day After Tomorrow: Designing an Optimal Fiscal Strategy for Libya

by Carlos Caceres & Mr. Serhan Cevik

Libya is highly dependent on exhaustible and volatile hydrocarbon resources, which constitute the bulk of government revenues. Although resource wealth provides the means to promote socio-economic development,...


Current Account Norms in Natural Resource Rich and Capital Scarce Economies

by Juliana Dutra Araujo & Grace Bin Li

The permanent income hypothesis implies that frictionless open economies with exhaustible natural resources should save abroad most of their resource windfalls and, therefore, feature current account surpluses....


Globalization and Development: Rethinking Interventions and Governance

by Arne Bigsten

The key challenge for achieving sustained development in developing countries relates to quality of domestic governance, which in turn is strongly affected by external interventions. Domestic governance includes...


The Global Enterprise: Entrepreneurship and Value Creation

by Erdener Kaynak, Riad Ajami & Marca Marie Bear

Practical insights on the role of the entrepreneur in the global business context

Entrepreneurial ideas that look great on the drawing board can turn out to be deal breakers when introduced in real markets, even...


Foreign Direct Investment in Latin America: Its Changing Nature at the Turn of the Century

by Werner Baer & William Miles

Examine the changing nature of foreign investments in Latin America!Generously enhanced with easy-to-understand charts, tables, and graphs, this book covers the ins and outs of foreign direct investment in the...


The Core Business Web: A Guide to Key Information Resources

by Gary W White

The best Business Web sites at your fingertips—24/7!

The Core Business Web: A Guide to Key Information Resources is an essential resource that saves you from spending hours searching through thousands of Web...


Multinational Corporations: Emergence and Evolution

by Paz Estrella Tolentino

This work presents case-studies of the emergence and evolution of Multinational Corporations (MNCs) based in eleven developed and developing countries of widely divergent patterns of national development. From...


Developmentalism and Dependency in Southeast Asia: The Case of the Automotive Industry

by Jason P. Abbott

This book provides a detailed cross-country study of the automotive industry in South East Asia. Abbott argues that, contrary to prevailing opinion, the diffusion of manufacturing in the Asia-Pacific has been...


Restructuring 'Korea Inc.': Financial Crisis, Corporate Reform, and Institutional Transition

by Ha Joon Chang & Jang-Sup Shin

The 1997 South Korean financial crisis not only shook the country itself but also sent shock waves through the financial world at large. This impressive book critically assesses the conventional wisdom surrounding...