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Corporate Social Responsibility and Local Community in Asia

by Kyoko Fukukawa

The idea of corporations exercising corporate social responsibility has spread from the West and is now firmly embedded in Asian countries and in Asian corporations. The latest trend in corporate social responsibility,...


Efficient Energy Investment and Fiscal Adjustment in Senegal

by Salifou Issoufou & Edward F. Buffie

Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and inefficient oil-based energy sector. In this paper we use a two-sector, open-economy, dynamic general...


Bolivia: Fiscal Transparency Assessment

by International Monetary Fund. Fisc Dept.

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...


Deep Roots of Fiscal Behavior

by Serhan Cevik & Katerina Teksoz

This paper investigates the determinants of fiscal policy behavior and its time-varying volatility, using panel data for a broad set of advanced and emerging market economies during the period 1990–2012. The...


Managing Income Tax Compliance Through Self-Assessment

by Andrew Okello

Modern tax administrations seek to optimize tax collections while minimizing administration costs and taxpayer compliance costs. Experience shows that voluntary compliance is best achieved through a system of...


The Bahamas: 2013 Article IV Consultation-Staff Report; Press Release

by International Monetary Fund. West Dept.

KEY ISSUES Context. Economic activity remains tepid, unemployment is high, and inflation is subdued. The fiscal and external positions have weakened, with reserves declining toward worrisome levels. Non-performing...


Financing Trade and International Supply Chains: Commerce Across Borders, Finance Across Frontiers

by Alexander R. Malaket

Financing Trade and International Supply Chains takes the mystery out of trade and supply chain finance. The book suggests that every trade or supply chain finance solution - no matter how elaborate - addresses...


Innovation Support in Latin America and Europe: Theory, Practice and Policy in Innovation and Innovation Systems

by Mark Anderson, David Edgar & Kevin Grant

Reviewing the literature and existing practices of innovation, the authors explore the often misunderstood and contested terrain that surrounds innovation theory, policy and practice. Here is a comparative insight...


Morocco: Third Review Under the Two-Year Precautionary and Liquidity Line-Staff Report; Press Release; And Statement by the Exe

by International Monetary Fund. Midd Dept.

EXECUTIVE SUMMARY The Executive Board approved in August 2012 a two-year precautionary and liquidity line (PLL) arrangement in the amount of SDR 4.1 billion (700 percent of quota). The PLL provides insurance...


Mongolia: 2013 Article IV Consultation-Staff Report; Press Release and Statement by the Executive Director for Mongolia

by International Monetary Fund. Asia Dept

KEY ISSUES Overview. Mongolia has made impressive progress in developing its economy over the past decade. Medium-term prospects remain promising given Mongolia’s large natural resource endowment, but macroeconomic...


Morocco: 2013 Article IV Consultation-Staff Report; Press Release; And Statement by the Executive Director for Morocco

by International Monetary Fund. Midd Dept.

KEY ISSUES Context: Despite an unfavorable external and domestic environment, economic performance improved in 2013 after a difficult 2012. The European crisis led to a deceleration of activity in the nonprimary...


Tracking Global Demand for Emerging Market Sovereign Debt

by Serkan Arslanalp & Takahiro Tsuda

This paper proposes an approach to track US$1 trillion of emerging market government debt held by foreign investors in local and hard currency, based on a similar approach that was used for advanced economies...


The Tragedy of the European Union: Disintegration or Revival?

by George Soros & Gregor Schmitz

The European Union could soon be a thing of the past. Xenophobia is rampant and commonly reflected in elections across the continent. Great Britain may hold a referendum on whether to abandon the union altogether....


The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance

by Eswar S. Prasad

The U.S. dollar’s dominance seems under threat. The near collapse of the U.S. financial system in 2008–2009, political paralysis that has blocked effective policymaking, and emerging competitors such as...


Finance and Development, March 2014

by International Monetary Fund. Exte Dept.

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly...


Handbook of Emerging Economies

by Robert E. Looney

A major new volume in the Routledge International Handbooks series analysing emerging and newly emerged economies, including the BRICS countries (Brazil, Russia, India, China and South Africa) and other likely...


Finance and Development, March 2014

by International Monetary Fund. Exte Dept.

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly...


Guinea: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Financing Assurances Review-Staf

by International Monetary Fund. Afri Dept.

EXECUTIVE SUMMARY The political situation was difficult throughout most of 2013 but has stabilized in the last few months. Disputes between government and opposition on preparations for legislative elections...


Yugoslav Republic of Macedonia: Second Post-Program Monitoring Discussions

by International Monetary Fund. Euro Dept.

KEY ISSUES Context. Growth continues to strengthen, although the recovery is not yet broad-based. External and fiscal vulnerabilities have risen: private non-debt creating capital flows have slowed, and could...


The Changing Face of Management in China

by Chris Rowley & Fang Lee Cooke

China is one of the fastest developing emerging economies in the world today. The country has a huge influence on a global level, both politically and economically. Despite this, very few books cover both the...