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The Reinvention  of Marketing

by Deborah Malone

The marketing industry is undergoing dramatic transformation brought about by technology, globalization, and shifting economics. "The reinvention of marketing" is becoming a more critical issue as the industry...


Kingdom of the Netherlands-Netherlands  :  2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the N

by International Monetary Fund. Euro Dept.

KEY ISSUES Addressing the Household Debt Overhang The economy is slowly emerging from its balance sheet recession. Housing prices have steadied, exports are rising on expanding global trade, but consumption...


Papua New Guinea  :  Selected Issues Paper

by International Monetary Fund. Asia 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...


Jordan  :  Fifth Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criterion and Applicability of Performance

by International Monetary Fund. Midd Dept.

EXECUTIVE SUMMARY Jordan?s economy has been resilient in an increasingly difficult regional environment. Previously highlighted risks have materialized, most notably major disruptions of gas flows from Egypt,...


Papua New Guinea  :  2014 Article IV Consultation-Staff Report; Press Release

by International Monetary Fund. Asia Dept

KEY ISSUES Context. Papua New Guinea?s (PNG) economy is experiencing an important transition, as new liquefied natural gas (LNG) production and exports commence. While resource sector activity in 2014?15 will...


Mexico  :  Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement-Staff Report and Press Release

by International Monetary Fund. West Dept.

EXECUTIVE SUMMARY Context: Mexico?s growth is recovering, supported by strong export demand, while inflation pressures remain contained. The implementation of wide-ranging structural reforms is expected to boost...


Borrower Protection and the Supply of Credit  :  Evidence from Foreclosure Laws

by Jihad Dagher & Yangfan Sun

Laws governing the foreclosure process can have direct consequences on the costs of foreclosure and could therefore affect lending decisions. We exploit the heterogeneity in the judicial requirements across...


Impact of Demographic Changes on Inflation and the Macroeconomy

by Jong-Won Yoon & Jinill Kim

The ongoing demographic changes will bring about a substantial shift in the size and the age composition of the population, which will have significant impact on the global economy. Despite potentially grave...


Zimbabwe  :  Third Review Under the Staff-Monitored Program and Successor

by International Monetary Fund. Afri Dept.

EXECUTIVE SUMMARY Outlook. Zimbabwe?s economy is at a crossroads. The post-hyperinflation rebound has ended and the outlook is for sluggish growth in 2015. Sustained growth and poverty reduction will require...


Vertical Fiscal Imbalances and the Accumulation of Government Debt

by Inaki Aldasoro & Mike Seiferling

Delegating fiscal decision making power to sub-national governments has been an area of interest for both academics and policymakers given the expectation that it may lead to better and more efficient provision...


Identifying Speculative Bubbles  :  A Two-Pillar Surveillance Framework

by Bradley Jones

In the aftermath of the global financial crisis, the issue of how best to identify speculative asset bubbles (in real-time) remains in flux. This owes to the difficulty of disentangling irrational investor exuberance...


Does conditionality in IMF-supported programs promote revenue reform?

by Ernesto Crivelli & Sanjeev Gupta

This paper studies whether revenue conditionality in Fund-supported programs had any impact on the revenue performance of 126 low- and middle-income countries during 1993-2013. The results indicate that such...


Mexico : Selected Issues Paper

by International Monetary Fund. West 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...


Do IMF-Supported Programs Catalyze Donor Assistance to Low-Income Countries?

by Yasemin Bal-Gunduz & Masyita Crystallin

This study explores whether IMF-supported programs in low-income countries (LICs) catalyze Official Development Assistance (ODA). Based on a comprehensive set of ODA measures and using Propensity Score Matching...


Limiting Taxpayer ?Puts??An Example from Central Counterparties

by Manmohan Singh

Nonbanks such as central counterparties (CCPs) are a useful lens to see how regulators view the role of the lender-of-last-resort (LOLR). This paper explores the avenues available when a nonbank failure is likely,...


Mexico : 2014 Article IV Consultation-Staff Report; and Press Release

by International Monetary Fund. West Dept.

KEY ISSUES Outlook and risks: Growth is projected to reach 2.4 percent in 2014, while core inflation remains close to the target. Strong export demand has boosted manufacturing production and employment, and...


Republic of Fiji : 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Fiji

by International Monetary Fund. Asia Dept

KEY ISSUES Context: With successful landmark elections in September 2014, Fiji took a decisive stride toward returning to democratic government for the first time since 2006. The successful elections are expected...


Guinea-Bissau : Request for Disbursement Under the Rapid Credit Facility-Staff Report; Press Release; and Statement by the Executive Director for Guin

by International Monetary Fund. Afri Dept.

This paper discusses Guinea-Bissau?s Request for Disbursement Under the Rapid Credit Facility (RCF). In 2012 and 2013, Guinea-Bissau suffered a severe balance of payments shock as the international price of...


We Do Know How: A Buyer-Led Approach to Creating Jobs for the Poor

by James T. Riordan

This book by a practitioner (not an academic, a government official, or a pundit) has been written for practitioners and offers fresh thinking on how to do international development work. It combines that thinking...


Suriname  :  2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Authorities for Suriname

by International Monetary Fund. West Dept.

This 2014 Article IV Consultation highlights that Suriname?s macroeconomic conditions weakened in 2013 as gold and oil prices declined. With those prices falling below recent peaks, the large fiscal and external...