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The Fiscal and Welfare Impacts of Reforming Fuel Subsidies in India

by Rahul Anand & David Coady

Rising fuel subsidies have contributed to fiscal pressures in India. A key policy concern regarding subsidy reform is the adverse welfare impact on households, in particular poor households. This paper evaluates...


Jordan: First Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, Modification of Performance Criteri

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...


Taxing Immovable Property Revenue Potential and Implementation Challenges

by John Norregaard

The tax on immovable property has been characterized as probably the most unpopular among tax instruments, in part because it is salient and hard to avoid. But economists continue to emphasize the virtues of...


The Finance and Growth Nexus Re-Examined: Do All Countries Benefit Equally?

by Adolfo Barajas & Ralph, Mr. Chami

A large theoretical and empirical literature has focused on the impact of financial deepening on economic growth throughout the world. This paper contributes to the literature by investigating whether this impact...


Belgium: Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision

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...


Inclusive Growth: Measurement and Determinants

by Rahul Anand & Saurabh, Mr. Mishra

We estimate a unified measure of inclusive growth for emerging markets by integrating their economic growth performance and income distribution outcomes, using data over three decades. Country distributions...


Belgium: Technical Note on Crisis Management and Bank Resolution Framework

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...


Competition Policy for Modern Banks

by Lev Ratnovski

Traditional bank competition policy seeks to balance efficiency with incentives to take risk. The main tools are rules guiding entry/exit and consolidation of banks. This paper seeks to refine this view in light...


Near-Coincident Indicators of Systemic Stress

by Ivailo Arsov & Elie, Mr. Canetti

The G-20 Data Gaps Initiative has called for the IMF to develop standard measures of tail risk, which we identify in this paper with systemic risk. To understand the conditions under which tail risk is present,...


Are the Asia and Pacific Small States Different from Other Small States?

by Patrizia Tumbarello & Ezequiel Cabezon

The small states of the Asia and Pacific region face unique challenges in raising their growth potential and living standards relative to other small states due to their small populations, geographical isolation...


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...