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Business English

by Rosalia Covello

This Business English Course introduces different aspects of Business English, working on main language points and important vocabulary through a variety of topics.


Language and Learning in the Digital Age

by James Paul Gee & Elisabeth Hayes

In the context of moral panics surrounding social media, the internet and video games and concerns over how digital media are affecting the young and their ability to learn and communicate effectively, leading...


Finance & Development, March 2002

by Internation International Monetary Fund

The International Monetary Fund (IMF) publishes a wide variety of books, periodicals, and electronic products covering macroeconomics, international finance, fiscal and monetary issues, statistics, and exchange...


Finance & Development, March 2009

by Internation International Monetary Fund

Crisis Stalls Globalization: Reshaping the World Economy" examines the multiple facets of the recession-from the impact on individual economies to the effect on the global payments imbalances that were partially...


Currency Politics: The Political Economy of Exchange Rate Policy

by Jeffry A. Frieden

The exchange rate is the most important price in any economy, since it affects all other prices. Exchange rates are set, either directly or indirectly, by government policy. Exchange rates are also central to...


The Routledge Companion to International Entrepreneurship

by Stephanie A. Fernhaber & Shameen Prashantham

The domain of international entrepreneurship has continued to gain momentum in an era that sees entrepreneurship and globalization as critical issues in the world of business. Given the flourish of new research...


China's Exchange Rate Regime

by China Development Research Foundation

The imbalance between China's currency, the RMB, and those of other countries is widely regarded as a major problem for the world economy. There was a reform of China's exchange rate mechanism in 2005, following...


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

by International Monetary Fund. Asia Dept

KEY ISSUES Context: The authorities continue to make progress on their far-reaching political and economic reform program. Key economic reform priorities are being realized. However, macroeconomic and financial...


The Making of a Continental Financial System:Lessons for Europe from Early American History

by Vitor Gaspar

Alexander Hamilton was the first U.S. Treasury Secretary from 1789 to 1795. When he started, the Federal Government was in default. During his tenure, U.S. Treasuries became the ultimate safe asset. He successfully...


Public Employment and Compensation Reform During Times of Fiscal Consolidation

by Lorenzo Forni & Natalija Novta

This paper compiles and compares recent and past measures introduced to contain the public wage bill in a number of emerging and advanced economies to assess their effectiveness in bringing down expenditure...


The Impact of the Global Financial Crisis on Banking Globalization

by Stijn Claessens & Neeltje van Horen

Although cross-border bank lending has fallen sharply since the crisis, extending our bank ownership database from 1995-2009 up to 2013 shows only limited retrenchment in foreign bank presence. While banks from...


Unconventional Monetary Policy and Long-Term Interest Rates

by Tao Wu

This paper examines the transmission mechanism through which unconventional monetary policy affects long-term interest rates. I construct a real-time measure summarizing market projections of the magnitude and...


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

by International Monetary Fund. Asia Dept

KEY ISSUES Outlook and risks. Following an upturn in 2013, growth is expected to moderate somewhat during 2014-2015, narrowing the positive output gap. The impact of recovering demand in advanced economies is...


Gross Private Capital Flows to Emerging Markets : Can the Global Financial Cycle Be Tamed?

by Erlend Nier & Tahsin Saadi Sedik

This paper assesses empirically the key drivers of private capital flows to a large sample of emerging market economies in the last decade. It analyzes the effect of the global financial cycle, measured by the...


Designing a Fiscal Framework for a Prospective Commodity Producer: Options for Lebanon

by Mariusz Jarmuzek & Diego Mesa Puyo

Lebanon is expected to have gas resources in its Mediterranean basin, and these could turn the country into a natural gas producer over the next decade. Lebanon's economy and institutions will thus need to adapt...


Official Financial Flows, Capital Mobility, and Global Imbalances

by Tamim Bayoumi & Joseph E. Gagnon

We use a cross-country panel framework to analyze the effect of net official flows (chiefly foreign exchange intervention) on current accounts. We find that net official flows have a large but plausible effect...


Financial Frictions and Sources of Business Cycle

by Marzie Taheri Sanjani

This paper estimates a New Keynesian DSGE model with an explicit financial intermediary sector. Having measures of financial stress, such as the spread between lending and borrowing, enables the model to capture...


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

by International Monetary Fund. Afri Dept.

KEY ISSUES Context: Kenya has embarked on major reforms in line with the 2010 constitution. The new government has started the process of devolution at a fast pace, introducing a reporting framework that allows...


Global Risks and Collective Action Failures: What Can the International Community Do?

by Inci Otker-Robe

Abstract What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are all examples of global risks that can cross geographical and generational boundaries and...


Portugal:Fiscal Transparency Evaluation

by International Monetary Fund. Fisc Dept.

EXECUTIVE SUMMARY Portugal�s practices meet most of the principles of the revised Fiscal Transparency Code at good or advanced levels. A number of areas still present practices at a basic level, but in...