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Europe's Growth Challenge

Everyone's Guide to the South African Economy 12th edition

by André|| Roux

Recession, inflation, interest rates, income tax, exchange rates ... We are bombarded with these terms every day - by newspapers, the radio, TV and the internet - but what do they actually mean? And how do they...


China's Banking Transformation

Global Capitalism in Disarray

Corporate Sector Vulnerabilities in Ireland

by Nir Klein

The paper uses both macro- and micro-level data to assess how has the financial health of the Irish non-financial corporate (NFC) sector changed in the post financial crisis period. The analysis suggests that...


Can Statistical Capacity Building Help Reduce Procyclical Fiscal Policy in Developing Countries?

by Sampawende J, Mr. Tapsoba & Robert C, Mr. York

Few papers have attempted to assess the role of "capacity," especially in the area of macroeconomic statistics. Consequently, we make an attempt to advance this literature through the construction of a "statistical...


Brazil

by International Monetary Fund. West Dept.

The economy is still in its deepest recession in decades, partly the result of the failure of past policies. The recession has been aggravated by a political crisis, which had, until recently, paralyzed policymaking...


Argentina

by International Monetary Fund. West Dept.

Argentina: Selected Issues


Brazil

by International Monetary Fund. West Dept.

Brazil: Selected Issues


Bulgaria

by International Monetary Fund. Euro Dept.

The Bulgarian economy has shown resilience since the last Article IV consultation. Growth over the last 4 quarters exceeded expectations. The authorities took concrete steps to correct the fiscal slippage in...


Bulgaria

by International Monetary Fund. Euro Dept.

Bulgaria: Selected Issues Paper


Dominican Republic

by International Monetary Fund. West Dept.

The Dominican Republic remains among the most dynamic economies in the region, benefiting from a strengthened macro-policy framework and external tailwinds. It does not face significant internal or external...


Republic of Moldova

by International Monetary Fund. Euro Dept.

Since late 2014, Moldova's economy has been hit by a number of domestic and external shocks. Chief among them is the exposure of extensive and wellorchestrated fraud in the banking system, resulting in the closure...


Debate the Issues: New Approaches to Economic Challenges

by Collectif

To capitalise on the new international resolve epitomised by COP21 and the agreement on the universal Sustainable Development Goals (SDGs) requires a renewed effort to promote new policy thinking and new approaches...


Morocco: Financial Sector Assessment Program

by International Monetary Fund. Ind Office

In order to accompany the expansion of the banking system, the Moroccan authorities have achieved tremendous progresses as regards crisis management, bank resolution, and safety nets. A macroprudential committee...


Morocco: Financial Sector Assessment Program

by International Monetary Fund. Ind Office

Morocco applies international best practices in the area of banking supervision. Nevertheless, it is important that its banking supervision system adapt to both the new international standard3 implemented following...


Morocco: Technical Note-Macroprudential Policy

by International Monetary Fund. Ind Office

Macroprudential policies (MaPP) can play an important role in mitigating financial stability risks in Morocco. MaPP aims to increase the overall resilience of the financial system, contain the buildup of systemic...


Tunisia

by International Monetary Fund. Fisc Dept.

Since 2011, Tunisia has experienced a profound transformation of its political institutions, including the new Constitution that came into force on January 27, 2014. In this context, the authorities have initiated...


Cambodia

by International Monetary Fund. Asia Dept

Cambodia is a fast-growing, highly open economy, and attained lower-middle income status this year. Over the last two decades, Cambodia grew rapidly (average real GDP growth of around 8 percent) and its integration...


Morocco: Financial Sector Assessment Program

by International Monetary Fund. Ind Office

The FSAP stress testing exercise took place at a time of deep structural changes for the Moroccan financial system that create opportunities but also bring about potential risks. First, Moroccan banks have expanded...