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That Squeezing Feeling: The Interest Burden and Public Debt Stabilization

by Xavier Debrun & Tidiane, Mr. Kinda

The paper explores the extent to which the pressure of debt service on other spending items may push governments to embark on fiscal consolidation beyond what is strictly necessary to secure solvency. The empirical...


Malawi: First Review Under the Extended Credit Facility Arrangement, Request for Waiver of Performance Criterion, and Modification of Performance Crit

by International Monetary Fund. Afri 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...


Nigeria: Publication of Financial Sector Assessment Program Documentation--Detailed Assessment of Compliance of the Basel Core Priciples for Effective

by International Monetary Fund. Afri 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...


Switzerland: 2013 Article IV Consultation

by International Monetary Fund. Euro 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...


Belgium: Detailed Assessment of Observance of Insurance Core Principles

by International Monetary Fund. Euro 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...


Comparing Parametric and Non-parametric Early Warning Systems for Currency Crises in Emerging Market Economies

by Fabio Comelli

The purpose of this paper is to compare in-sample and out-of-sample performances of three parametric and non-parametric early warning systems (EWS) for currency crises in emerging market economies (EMs). The...


The Growth Comeback in Developing Economies: A New Hope or Back to the Future?

by John C Bluedorn & Rupa Duttagupta

Growth takeoffs in developing economies have rebounded in the past two decades. Although recent takeoffs have lasted longer than takeoffs before the 1990s, a key question is whether they could unravel like some...


Kingdom of Lesotho: Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Extension of the Arrangement and

by International Monetary Fund. Afri 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...


Nigeria: Publication of Financial Sector Assessment Program Documentation--Technical Note on Crisis Management and Crisis Preparedness Frameworks

by International Monetary Fund. Afri 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...


Nigeria: Publication of Financial Sector Assessment Program Documentation--Technical Note of Banking Cross-Border Issues

by International Monetary Fund. Afri 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...


Nigeria: Publication of Financial Sector Assessment Program Documentation--Detailed Assessment of Observance of Insurance Core Principles

by International Monetary Fund. Afri 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...


The Comovement in Commodity Prices: Sources and Implications

by Ron Alquist & Olivier, Mr. Coibion

We present a simple macroeconomic model with a continuum of primary commodities used in the production of the final good, such that the real prices of commodities have a factor structure. One factor captures...


Bangladesh: Second Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria-Sta

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...


Nigeria: Financial Sector Stability Assessment

by International Monetary Fund. Afri 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...


Foreign Investors Under Stress: Evidence from India

by Ila Patnaik & Ajay Shah

Emerging market policy makers have been concerned about the financial stability implications of financial globalization. These concerns are focused on behavior under stressed conditions. Do tail events in the...


Afghanistan: Balancing Social and Security Spending in the Context of Shrinking Resource Envelope

by Aqib Aslam & Enrico, Mr. Berkes

For Afghanistan, the dual prospect of declining donor support and high ongoing security spending over the medium term keeps the government budget tight. This paper uses a general equilibrium model to capture...


Greece: Ex Post Evaluation of Exceptional Access Under the 2010 Stand-By Arrangement

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...


Measuring the Informal Economy in the Caucasus and Central Asia

by Yasser Abdih & Leandro Medina

This study estimates the size of the informal economy, and the relative contribution of each underlying factor, for the Caucasus and Central Asia countries in 2008. Using a Multiple Indicator-Multiple Cause...


Inclusive Growth and the Incidence  of Fiscal Policy in Mauritius - Much Progress, But More Could be Done

by Antonio David & Martin, Mr. Petri

Using data from three household surveys, we review whether growth in Mauritius was inclusive and discuss the incidence of public expenditures and taxes. Generally, Mauritius enjoys an even income distribution...


Libya: 2013 Article IV Consultation

by International Monetary Fund. Midd 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...