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Macroeconomic Foundations of Macroeconomics

by Alvaro Cencini

Contrary to common belief, macroeconomics is not merely a theory of aggregates, and cannot be constructed from individual behaviour. Both nationally and internationally, there are economic laws that are logically...


Monetary Theory in Retrospect: The Selected Essays of Filippo Cesarano

by Filippo Cesarano

An objective and perceptive account of the literature of monetary theory, this volume, by a central banker who has studied monetary theory over the last quarter of a century, clearly shows how its inherent complexity...


Ukraine : First Review Under the Stand-By Arrangement, Requests for Waivers of Nonobservance and Applicability of Performance Criteria, and a Request

by International Monetary Fund. Euro Dept.

EXECUTIVE SUMMARY The first review discussions took place in a context of heightened geopolitical tensions and deepening economic crisis. Intensification of the conflict in the East and escalation of the gas...


The Federal Democratic Republic of Ethiopia : 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Th

by International Monetary Fund. Afri Dept.

KEY ISSUES Context: Ethiopia�s investment-led development strategy has delivered robust growth and progress toward Millennium Development Goals (MDGs). Restrained fiscal and monetary policies have helped...


Central African Economic and Monetary Community (CEMAC) Selected 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...


Getting into Money: A Career Guide: A Career Guide

by Cheri Fein

Everything you need to know to break into today's most challenging and rewarding careers. Featuring interviews with the most successful executives in finance.

From the Trade Paperback edition.


Liberia: Ad Hoc Review Under the Extended Credit Facility Arrangement and Request for Augmentation of Access and Modification of Performance Criteria-

by International Monetary Fund. Afri Dept.

KEY ISSUES Background. With the highest number of new and cumulative Ebola cases recorded to date, Liberia is the country most affected by the epidemic in West Africa. In addition to exacting a heavy human toll,...


Guyana: 2013 Article IV Consultation - Staff Report; Press Release

by International Monetary Fund. West Dept.

The economy has experienced seven consecutive years of robust growth, buoyed by high commodity prices, foreign direct investment and expansion of private sector credit. As part of a strategy to sustain growth,...


Saudi Arabia: 2014 Article IV Consultation-Staff Report; Press Release

by International Monetary Fund. Midd Dept.

KEY ISSUES Context. Saudi Arabia's economy has grown very strongly in recent years, benefitting from high oil prices and output, strong private sector activity, and government spending. It has played a systemic...


Sri Lanka : 2014 Article IV Consultation and Second Post-Program Monitoring Discussion-Staff Report; Press Release

by International Monetary Fund. Asia Dept

KEY ISSUES Context. Macroeconomic performance has generally exceeded expectations. Real GDP grew 7.3 percent for 2013, up from 6.3 percent in 2012. Inflation declined to below 5 percent, and the external current...


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...


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...


Chad : Request for a Three-Year Arrangement Under the Extended Credit Facility-Staff Report; Press Release; and Statement by the Executive Director fo

by International Monetary Fund. Afri Dept.

KEY ISSUES Context: Chad is a fragile country with weak institutional capacity that needs to manage volatile and exhaustible oil revenues prudently to tackle its large development needs. Chad is enjoying a period...


Switzerland : Detailed Assessment of Implementation-IOSCO Objectives and Principles of Securities Regulation

by International Monetary Fund. Department

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...


Angola : Selected Issues Paper

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...


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

by International Monetary Fund. West Dept.

KEY ISSUES The economy is embarking on sustainable growth, but the main challenge will be to boost long-run growth by structural reforms and reorienting fiscal policy. Supply-side slowdowns in the energy sector...


Austria : Selected Issues

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...


Norway: Selected Issues Paper

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...


Conventional and Insidious Macroeconomic Balance-Sheet Crises

by Bas B. Bakker & Leslie Lipschitz

This paper describes the anatomy of two types of balance-sheet macroeconomic crises. Conventional balance-sheet crises are triggered by external imbalances and balance sheet vulnerabilities. They typically occur...