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Blackout Periods in GRA Arrangements and the Extended Rights to Purchase Policy - A Review

Blackout Periods in GRA Arrangements and the Extended Rights to Purchase Policy - A Review »

Source: Blackout Periods in GRA Arrangements and the Extended Rights to Purchase Policy - A Review

Volume/Issue: 2013/003

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 January 2013

ISBN: 9781498342414

Keywords: Access to Fund general resources, Executive Board decisions, Extended arrangement purchases, Fund policies, General Resources Account, Lapse of time approval, Moral hazard, Fiscal indicators, Balance of payments, Fiscal data

This paper reviews the IMF's extended rights to purchase (ERP) policy. Established in 2009, the ERP policy extends the continuity of purchase rights during temporary interruptions of access to previously accumulate...

Central American Tax Reform

Central American Tax Reform »

Source: Central American Tax Reform : Trends and Possibilities

Volume/Issue: 2002/227

Series: IMF Working Papers

Author(s): Janet Stotsky , and Asegedech WoldeMariam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2002

ISBN: 9781451875423

Keywords: Tax Reform, tax rates, taxation, tax revenue, tax system, tax structure, Public Economics: General, Subsidies, and Revenue: General,

Central American tax systems are modern in their orientation, though there remains scope for beneficial reform. Value-added taxes are the mainstay of collections, but their performance varies. Income and property t...

Credit Cycle and Capital Buffers in Central America, Panama, and the Dominican Republic

Credit Cycle and Capital Buffers in Central America, Panama, and the Dominican Republic »

Source: Credit Cycle and Capital Buffers in Central America, Panama, and the Dominican Republic

Volume/Issue: 2019/39

Series: IMF Working Papers

Author(s): Valentina Flamini , Pierluigi Bologna , Fabio Di Vittorio , and Rasool Zandvakil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 February 2019

ISBN: 9781484397992

Keywords: Exchange rate policy, Credit booms, Central banks, Credit pricing, Credit risk, Credit cycle;Financial crises;Countercyclical capital buffer;Basel III;CPI inflation;GFC;countercyclical;synchronicity

Credit is key to support healthy and sustainable economic growth but excess aggregate credit growth can signal the build-up of imbalances and lead to systemic financial crisis. Hence, monitoring the credit cycle is...

Crime and Output: Theory and Application to the Northern Triangle of Central America

Crime and Output: Theory and Application to the Northern Triangle of Central America »

Source: Crime and Output: Theory and Application to the Northern Triangle of Central America

Volume/Issue: 2020/2

Series: IMF Working Papers

Author(s): Dmitry Plotnikov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 January 2020

ISBN: 9781513519272

Keywords: Economic conditions, Supply and demand, Economic growth, Labor market policy, Unemployment, Crime, Employment, Growth, WP, crime level

This paper presents a structural model of crime and output. Individuals make an occupational choice between criminal and legal activities. The return to becoming a criminal is endogenously determined in a general e...

The Cyclical and Long-Term Behavior of Government Expenditures in Developing Countries

The Cyclical and Long-Term Behavior of Government Expenditures in Developing Countries »

Source: The Cyclical and Long-Term Behavior of Government Expenditures in Developing Countries

Volume/Issue: 2004/202

Series: IMF Working Papers

Author(s): Gabriela Inchauste , Bernardin Akitoby , Benedict Clements , and Sanjeev Gupta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2004

ISBN: 9781451874433

Keywords: Wagner&;amp;#x2019;s law, government spending, public spending, public finance, National Government Expenditures and Related Policies: General, National Budget, Deficit, and Debt: General,

We examine the short- and long-term movements of government spending relative to output in 51 countries. We find that in the short term, the main components of government spending increase with output in about half...

Debt Reduction, Fiscal Adjustment, and Growth in Credit-Constrained Economies

Debt Reduction, Fiscal Adjustment, and Growth in Credit-Constrained Economies »

Source: Debt Reduction, Fiscal Adjustment, and Growth in Credit-Constrained Economies

Volume/Issue: 2013/238

Series: IMF Working Papers

Author(s): Emanuele Baldacci , Sanjeev Gupta , and Carlos Mulas-Granados

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2013

ISBN: 9781475516500

Keywords: fiscal adjustments, fiscal adjustment, spending cuts, General,

This paper assesses the effects of fiscal consolidations associated with public debt reduction on medium-term output growth during periods of private debt deleveraging. The analysis covers 107 countries and 79 epis...

El Salvador

El Salvador »

Source: El Salvador : Report on the Observance of Standards and Codes-Fiscal Transparency Module

Volume/Issue: 2005/67

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

ISBN: 9781451834734

Keywords: financial management, fiscal activities, quasi-fiscal activities, public debt

This Report on the Observance of Standards and Codes on Fiscal Transparency on El Salvador reviews the fiscal transparency module. El Salvador needs to make progress on a number of important aspects of the code on...

EL Salvador

EL Salvador »

Source: EL Salvador : Ex Post Evaluation of Exceptional Access Under the 2009 Stand-By Arrangement

Volume/Issue: 2010/303

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2010

ISBN: 9781455208661

Keywords: financial system, fiscal balance, eurobond, tax revenue

The primary objective of the program was to prevent a crisis of confidence by signaling policy continuity and providing a liquidity buffer in case such shocks materialized. In addition, the program sought to preser...

El Salvador

El Salvador »

Source: El Salvador : Report on Observance of Standards and Codes: Fiscal Transparency Module

Volume/Issue: 2011/147

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2011

ISBN: 9781455273515

Keywords: fiscal transparency, financial management, fiscal data, state budget, budget documentation

This report provides an assessment of fiscal transparency practices in El Salvador. Many of the code standards are followed by the country. In addition, fiscal data dissemination and monthly updating will be improv...

El Salvador: 2019 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for El Salvador

El Salvador: 2019 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for El Salvador »

Source: El Salvador : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador

Volume/Issue: 2019/143

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2019

ISBN: 9781498316972

Keywords: Social indicators, Credit, External sector, Public debt, Gross domestic product, central reserve bank, primary balance, percent, percent of GDP, national authority

This 2019 Article IV Consultation discusses that structural reforms, strengthened policy frameworks and the ongoing smooth political transition have laid the foundations for sustained growth in El Salvador. The dis...