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A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior

by Calixte Ahokpossi & Laurence Allain

This paper uses the propensity matching score approach to assess the impact of the IMF's debt limits policy (DLP) on borrowing behavior in countries eligible to borrow from its concessional lending window. The...


Jamaica  : Fifth Review Under the Extended Fund Facility and Request for Modification of Performance Criteria-Staff Report; Press Release

by International Monetary Fund. West Dept.

EXECUTIVE SUMMARY Recent data show a gradual economic recovery, with growth projected to reach just over 1 percent in 2014/15. Inflation has trended down to about 8 percent. The program is on track. Jamaica?s...


Global Content Strategy

by Val Swisher

When you want to engage customers, you must have great content that speaks to them in their language. Success in foreign markets takes research, planning, and sensitivity regarding the culture, expectations,...


Does the Clarity of Inflation Reports Affect Volatility in Financial Markets?

by Ales Bulir & Martin Cihák

We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure clarity of reports by the Czech National Bank, the European Central Bank, the Bank of England,...


Guinea : Requests for Disbursement Under the Rapid Credit Facility and for Modification of Performance Criteria Under the Extended Credit Facility Arr

by International Monetary Fund. Afri Dept.

EXECUTIVE SUMMARY Guinea is suffering from an outbreak of Ebola, which has become a humanitarian crisis with a significant economic impact. Preliminary estimates suggest a negative impact on 2014 growth, which...


Reforming the Corporate Governance of Italian Banks

by Nadège Jassaud

Sound corporate governance is essential for a well-functioning banking system and the integrity of financial markets. The paper discusses the corporate governance of Italian banks, its regulatory framework,...


Sierra Leone : Ad Hoc Review Under the Extended Credit Facility Arrangement and Request for Augmentation of Access and Modification of Performance Cri

by International Monetary Fund. Afri Dept.

KEY ISSUES Background. The Ebola outbreak that started in one district in late May has spread to the entire country, overwhelming already weak institutions and ill-equipped medical facilities. At end-August,...


Iceland: Technical Assistance Report-Modernizing the Icelandic VAT

by International Monetary Fund. Fisc Dept.

EXECUTIVE SUMMARY Iceland's government, elected in 2013, is conducting a general review of its tax policy with a view toward making it more efficient and less distortionary.1 To this end, it has targeted VAT...


Burundi  : 2014 Article IV Consultation, Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility; and Request for Modificatio

by International Monetary Fund. Afri Dept.

KEY ISSUES Context: Since the last Article IV Consultation in 2012, notable progress has been achieved to enhance macroeconomic stability, underpinned by the Fund-supported program. However, continued progress...


Finance & Development, September 2014

by International Monetary Fund. Exte Dept.

This year, we mark the 70th anniversary of the IMF and World Bank and the 50th anniversary of F&D. The world has seen a staggering amount of change in the past seven decades. So, with these two anniversaries...


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...


Measuring Vulnerability in Developing Countries: New Analytical Approaches

by Wim Naudé, Amelia U. Santos-Paulino & Mark McGillivray

In all of the major challenges facing the world currently, whether it be climate change, terrorism and conflict, or urbanization and demographic change, no progress is possible without the alleviation of poverty....


Ifrs Made Easy

by Steven M. Bragg

The definitive guide to all things IFRS

IFRS Made Easy provides complete, easy-to-navigate coverage of all International Financial Reporting Standards (IFRSs) with concise explanations and hundreds of supporting...


An Introduction to the Chinese Economy: The Driving Forces Behind Modern Day China

by Rongxing Guo

This comprehensive overview of the modern Chinese economy by a noted expert from China offers a quality and breadth of coverage. In this book, the author provides an introduction to China's economy since 1949...


Human Factors in Aviation

by Earl L. Wiener, David C. Nagel & Morton P. Friedman

Since the 1950s, a number of specialized books dealing with human factors has been published, but very little in aviation. Human Factors in Aviation is the first comprehensive review of contemporary applications...


The Power to Compete: An Economist and an Entrepreneur on Revitalizing Japan in the Global Economy

by Hiroshi Mikitani & Ryoichi Mikitani

Father and son – entrepreneur and economist – search for Japan's economic cure

The Power to Compete tackles the issues central to the prosperity of Japan – and the world – in search of a cure for the...


Industrial Poverty: Yesterday Sweden, Today Europe, Tomorrow America

by Sven R. Larson

Conventional wisdom says that Europe's crisis is a financial crisis. But is this really the case? In Industrial Poverty, economist Sven R. Larson, challenges this view and suggests instead that Europe is in...


Understand Tax for Small Businesses: Teach Yourself

by Deekes Deekes

Written by one of the country's leading tax writers, this edition of the highly successful UnderstandTax for Small Businesses is aimed at small businesses and fills a conspicuous gap in the market. Following...


China Inside Out: 10 Irreversible Trends Reshaping China and Its Relationship with the World

by Bill Dodson

An in-depth look at the forces and trends changing China and its place in the world

China has dominated the news for nearly a decade and will continue to grab headlines as it moves inexorably toward becoming...


Capital Wars

by Daniel Pinto

Just a few years is all it took for the debt crisis to bring down the mighty ‘twin towers’ of American and European capitalism and undo two centuries of Western dominance on the world’s economic and political...