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Regional Economic Outlook, April 2019, Sub-Saharan Africa

Recovery Amid Elevated Uncertainty

The economic recovery in sub-Saharan Africa is expected to continue, but at a slower pace than envisaged in October 2018.

Global Financial Stability Report, April 2019

Vulnerabilities in a Maturing Credit Cycle

The April 2019 GFSR finds that despite significant variability over the past two quarters, financial conditions remain accommodative.

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

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

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

Volume/Issue: 2019/357

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2019

ISBN: 9781513521404

In an increasingly uncertain global economic environment, Hungary's growth registered one of the highest rates in Europe in 2018. The economy now appears to be running above capacity and wages are growing rapidly a...

Hungary: Selected Issues

New
Hungary: Selected Issues »

Source: Hungary : Selected Issues

Volume/Issue: 2019/358

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2019

ISBN: 9781513521435

Selected Issues...

Hungary: Selected Issues

New
Hungary: Selected Issues »

Source: Hungary : Selected Issues

Volume/Issue: 2019/358

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2019

ISBN: 9781513521435

Selected Issues...

Hungary: Staff Report for the 2019 Article IV Consultation—Informational Annex

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Hungary: Staff Report for the 2019 Article IV Consultation—Informational Annex »

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

Volume/Issue: 2019/357

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2019

ISBN: 9781513521404

In an increasingly uncertain global economic environment, Hungary's growth registered one of the highest rates in Europe in 2018. The economy now appears to be running above capacity and wages are growing rapidly a...

IMF Executive Board Concludes 2019 Article IV Consultation with Hungary

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IMF Executive Board Concludes 2019 Article IV Consultation with Hungary »

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

Volume/Issue: 2019/357

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2019

ISBN: 9781513521404

In an increasingly uncertain global economic environment, Hungary's growth registered one of the highest rates in Europe in 2018. The economy now appears to be running above capacity and wages are growing rapidly a...

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

New
Hungary : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary »

Volume/Issue: 2019/357

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2019

DOI: http://dx.doi.org/10.5089/9781513521404.002

ISBN: 9781513521404

In an increasingly uncertain global economic environment, Hungary's growth registered one of the highest rates in Europe in 2018. The economy now appears to be running above capacity and wages are growing rapidly a...

Hungary
			: Selected Issues

New
Hungary : Selected Issues »

Volume/Issue: 2019/358

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2019

DOI: http://dx.doi.org/10.5089/9781513521435.002

ISBN: 9781513521435

Selected Issues...

Ukraine
			: Technical Assistance Report-Strengthening Public Financial Management

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Ukraine : Technical Assistance Report-Strengthening Public Financial Management »

Volume/Issue: 2019/355

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2019

DOI: http://dx.doi.org/10.5089/9781513521305.002

ISBN: 9781513521305

After a deep economic crisis caused by a difficult external environment, an armed conflict in the East, and delays in the implementation of structural reforms, Ukraine has been showing some signs of recovery. To ac...

Statement by Szilard Benk, Alternate Executive Director November 27, 2019

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Statement by Szilard Benk, Alternate Executive Director November 27, 2019 »

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

Volume/Issue: 2019/357

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2019

ISBN: 9781513521404

In an increasingly uncertain global economic environment, Hungary's growth registered one of the highest rates in Europe in 2018. The economy now appears to be running above capacity and wages are growing rapidly a...

Ukraine: Technical Assistance Report–Strengthening Public Financial Management

New
Ukraine: Technical Assistance Report–Strengthening Public Financial Management »

Source: Ukraine : Technical Assistance Report-Strengthening Public Financial Management

Volume/Issue: 2019/355

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2019

ISBN: 9781513521305

After a deep economic crisis caused by a difficult external environment, an armed conflict in the East, and delays in the implementation of structural reforms, Ukraine has been showing some signs of recovery. To ac...

Ukraine
			: Technical Assistance Report-Public Investment Management Assessment

New
Ukraine : Technical Assistance Report-Public Investment Management Assessment »

Volume/Issue: 2019/356

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 December 2019

DOI: http://dx.doi.org/10.5089/9781513521367.002

ISBN: 9781513521367

Ukraine's public capital stock has been on a declining path over the last 20 years. Having started the period at a relatively high level (99 percent of GDP in 1996), it now ranks amongst the lowest of its comparato...

Ukraine: Technical Assistance Report–Public Investment Management Assessment

New
Ukraine: Technical Assistance Report–Public Investment Management Assessment »

Source: Ukraine : Technical Assistance Report-Public Investment Management Assessment

Volume/Issue: 2019/356

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 December 2019

ISBN: 9781513521367

Ukraine's public capital stock has been on a declining path over the last 20 years. Having started the period at a relatively high level (99 percent of GDP in 1996), it now ranks amongst the lowest of its comparato...

Évolution de la communication sur la politique économique

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Évolution de la communication sur la politique économique »

Source: Frontiers of Economic Policy Communications

Volume/Issue: 2019/8

Series: Departmental Papers / Policy Papers

Author(s): Olga Ilinichna Stankova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 November 2019

Language: French

ISBN: 9781513510606

Keywords: Economic policy, External communications, Communications services, Financial institutions, Central banks, Central bank accountability, Central bank policy, Central bank independence, Central banking, Economic Policy Communications

The paper provides an overall view of communications across various areas of economic policy, aiming to help country authorities as they increasingly use communications as a policy tool in its own right. The paper...

Frontiers of Economic Policy Communications

New
Frontiers of Economic Policy Communications »

Volume/Issue: 2019/8

Series: Departmental Papers / Policy Papers

Author(s): Olga Ilinichna Stankova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 November 2019

Language: French

DOI: http://dx.doi.org/10.5089/9781513510606.087

ISBN: 9781513510606

Keywords: Economic policy, External communications, Communications services, Financial institutions, Central banks, Central bank accountability, Central bank policy, Central bank independence, Central banking, Economic Policy Communications

The paper provides an overall view of communications across various areas of economic policy, aiming to help country authorities as they increasingly use communications as a policy tool in its own right. The paper...

IMF Executive Board Approves New Two-Year US$61 Billion Flexible Credit Line Arrangement with Mexico

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IMF Executive Board Approves New Two-Year US$61 Billion Flexible Credit Line Arrangement with Mexico »

Source: Mexico : Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release; and Staff Report

Volume/Issue: 2019/354

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 2019

ISBN: 9781513521183

Keywords: Financial regulation and supervision, Public debt, Financial crises, External sector, External shocks, ISCR, CR, FCL, mid-term review, strong policy

Mexico's economy has exhibited resilience in the face of a complex external environment. The authorities have responded appropriately to the recent external shocks and demonstrated their commitment to macroeconomic...

Mexico
			: Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release; and Staff Report

New
Mexico : Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release; and Staff Report »

Volume/Issue: 2019/354

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 2019

DOI: http://dx.doi.org/10.5089/9781513521183.002

ISBN: 9781513521183

Keywords: Financial regulation and supervision, Public debt, Financial crises, External sector, External shocks, ISCR, CR, FCL, mid-term review, strong policy

Mexico's economy has exhibited resilience in the face of a complex external environment. The authorities have responded appropriately to the recent external shocks and demonstrated their commitment to macroeconomic...

Ukraine
			: Technical Assistance Report-Distributed Profit Tax; Voluntary Disclosure of Assets; and BEPs Implementation

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Ukraine : Technical Assistance Report-Distributed Profit Tax; Voluntary Disclosure of Assets; and BEPs Implementation »

Volume/Issue: 2019/352

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 2019

DOI: http://dx.doi.org/10.5089/9781513521046.002

ISBN: 9781513521046

Keywords: Tax revenue, Tax evasion, Tax incentives, Tax exemptions, Tax assessments, ISCR, CR, related party, DPT, BEPS

The mission examined the latest proposal to substitute the current Corporate Profit Tax (CPT) for a Distributed Profit Tax (DPT), in Ukraine also referred to as the Exit Capital Tax (ECT). The mission did not find...

Ukraine
			: Technical Assistance Report-Enhancing the Medium-Term Budget Framework and Preparing Expenditure Baseline

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Ukraine : Technical Assistance Report-Enhancing the Medium-Term Budget Framework and Preparing Expenditure Baseline »

Volume/Issue: 2019/353

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 2019

DOI: http://dx.doi.org/10.5089/9781513521084.002

ISBN: 9781513521084

Keywords: Fiscal policy, Price indexes, Budget estimates, Fiscal space, Budgetary process, ISCR, CR, medium-term, budget process, baseline

Ukraine has made good progress over the past three years in implementing reforms to strengthen medium-term budget planning and improve the quality of public spending. Following amendments to the Budget Code in late...

Ukraine
			: Technical Assistance Report-Fiscal Decentralization and Legal Framework for Fiscal Risk Management and Medium-term Budgeting

New
Ukraine : Technical Assistance Report-Fiscal Decentralization and Legal Framework for Fiscal Risk Management and Medium-term Budgeting »

Volume/Issue: 2019/351

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 2019

DOI: http://dx.doi.org/10.5089/9781513521015.002

ISBN: 9781513521015

Keywords: Fiscal policy, Treasury management, Tax policy, National budgets, Public finance, ISCR, CR, subnational, SNG, local budget

In the aftermath of Euromaidan revolution early 2014, the public demand for local selfgovernment and devolution of power, brought fiscal decentralization to the top of the reform agenda. As a result, a decentraliza...

Mexico: Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement—Press Release; and Staff Report

New
Mexico: Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement—Press Release; and Staff Report »

Source: Mexico : Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release; and Staff Report

Volume/Issue: 2019/354

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 2019

ISBN: 9781513521183

Keywords: Financial regulation and supervision, Public debt, Financial crises, External sector, External shocks, ISCR, CR, FCL, mid-term review, strong policy

Mexico's economy has exhibited resilience in the face of a complex external environment. The authorities have responded appropriately to the recent external shocks and demonstrated their commitment to macroeconomic...

Mexico: Assessment of the Impact of the Proposed Arrangement Under the Flexible Credit Line on the Fund’S Finances and Liquidity Position

New
Mexico: Assessment of the Impact of the Proposed Arrangement Under the Flexible Credit Line on the Fund’S Finances and Liquidity Position »

Source: Mexico : Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release; and Staff Report

Volume/Issue: 2019/354

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 2019

ISBN: 9781513521183

Keywords: Financial regulation and supervision, Public debt, Financial crises, External sector, External shocks, ISCR, CR, FCL, mid-term review, strong policy

Mexico's economy has exhibited resilience in the face of a complex external environment. The authorities have responded appropriately to the recent external shocks and demonstrated their commitment to macroeconomic...

Ukraine

New
Ukraine »

Source: Ukraine : Technical Assistance Report-Fiscal Decentralization and Legal Framework for Fiscal Risk Management and Medium-term Budgeting

Volume/Issue: 2019/351

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 2019

ISBN: 9781513521015

Keywords: Fiscal policy, Treasury management, Tax policy, National budgets, Public finance, ISCR, CR, subnational, SNG, local budget

In the aftermath of Euromaidan revolution early 2014, the public demand for local selfgovernment and devolution of power, brought fiscal decentralization to the top of the reform agenda. As a result, a decentraliza...

Ukraine

New
Ukraine »

Source: Ukraine : Technical Assistance Report-Distributed Profit Tax; Voluntary Disclosure of Assets; and BEPs Implementation

Volume/Issue: 2019/352

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 2019

ISBN: 9781513521046

Keywords: Tax revenue, Tax evasion, Tax incentives, Tax exemptions, Tax assessments, ISCR, CR, related party, DPT, BEPS

The mission examined the latest proposal to substitute the current Corporate Profit Tax (CPT) for a Distributed Profit Tax (DPT), in Ukraine also referred to as the Exit Capital Tax (ECT). The mission did not find...

Ukraine

New
Ukraine »

Source: Ukraine : Technical Assistance Report-Enhancing the Medium-Term Budget Framework and Preparing Expenditure Baseline

Volume/Issue: 2019/353

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 2019

ISBN: 9781513521084

Keywords: Fiscal policy, Price indexes, Budget estimates, Fiscal space, Budgetary process, ISCR, CR, medium-term, budget process, baseline

Ukraine has made good progress over the past three years in implementing reforms to strengthen medium-term budget planning and improve the quality of public spending. Following amendments to the Budget Code in late...

Malta
			: Financial Sector Assessment Program-Technical Note-Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)

New
Malta : Financial Sector Assessment Program-Technical Note-Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) »

Volume/Issue: 2019/345

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2019

DOI: http://dx.doi.org/10.5089/9781513520711.002

ISBN: 9781513520711

Keywords: Accounting, Anti-money laundering, Arbitrage, Assets, Bank compliance, Bank licensing, Bank supervision, Banking, Banking sector, Banks

This technical note (TN) sets out the findings and recommendations of the Financial Sector Assessment Program (FSAP) for the Republic of Malta in the areas of Anti-Money Laundering and Combating the Financing of Te...

Malta
			: Financial Sector Assessment Program-Technical Note-Bank Resolution and Crisis Management

New
Malta : Financial Sector Assessment Program-Technical Note-Bank Resolution and Crisis Management »

Volume/Issue: 2019/346

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2019

DOI: http://dx.doi.org/10.5089/9781513520803.002

ISBN: 9781513520803

Keywords: Financial crises, Central banks, Macroprudential policies and financial stability, Financial services, Financial institutions, ISCR, CR, MFSA, DCS, ELA

This Note analyzes laws, policies, and procedures for bank failure mitigation and resolution, and for preparation and management of a financial crisis in Malta. It addresses the supervision of bank recovery plans,...

Malta
			: Financial Sector Assessment Program-Technical Note-Banking Supervision

New
Malta : Financial Sector Assessment Program-Technical Note-Banking Supervision »

Volume/Issue: 2019/347

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2019

DOI: http://dx.doi.org/10.5089/9781513520841.002

ISBN: 9781513520841

Keywords: Central banks, Financial services, Financial institutions, Macroprudential policies and financial stability, Deposit insurance, ISCR, CR, MFSA, credit institution, related party

The mission focused on selected topics in relation to the supervision of less significant institutions (LSIs), which are not directly supervised by the European Central Bank (ECB), and on non-European Union (EU) br...

Malta
			: Financial Sector Assessment Program-Technical Note-Insurance and Securities Sector Supervision

New
Malta : Financial Sector Assessment Program-Technical Note-Insurance and Securities Sector Supervision »

Volume/Issue: 2019/348

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2019

DOI: http://dx.doi.org/10.5089/9781513520896.002

ISBN: 9781513520896

Keywords: Financial crises, Financial regulation and supervision, Macroprudential policies and financial stability, Financial services, Economic conditions, ISCR, CR, MFSA, security sector, insurer

The insurance sector in Malta is relatively large and sophisticated. The sector has grown significantly since Malta's accession to the European Union (EU) in 2004, and its total assets amounted to €11.9 billion (10...

Malta
			: Financial Sector Assessment Program-Technical Note-Macroprudential Policy Framework and Tools

New
Malta : Financial Sector Assessment Program-Technical Note-Macroprudential Policy Framework and Tools »

Volume/Issue: 2019/349

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2019

DOI: http://dx.doi.org/10.5089/9781513520933.002

ISBN: 9781513520933

Keywords: Financial crises, Macroprudential policies and financial stability, Financial institutions, Financial services, Financial systems, ISCR, CR, MFSA, CBM, data gap

Malta's institutional framework for macroprudential policy, formalized in 2014, is broadly in line with the IMF guidance for effective macroprudential policymaking. Amendments to the Central Bank of Malta (CBM) Act...

Malta
			: Financial Sector Assessment Program-Technical Note-Risk Analysis

New
Malta : Financial Sector Assessment Program-Technical Note-Risk Analysis »

Volume/Issue: 2019/350

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2019

DOI: http://dx.doi.org/10.5089/9781513520971.002

ISBN: 9781513520971

Keywords: Financial crises, Bank credit, Financial institutions, Macroprudential policies and financial stability, Financial services, ISCR, CR, domestic bank, MFSA, large exposure

The Malta FSAP stress testing exercise took place immediately following the IMF's 2018 Euro Area FSAP and concurrently with the 2018 stress test of the European Banking Authority (EBA). A comprehensive set of stres...

Malta

New
Malta »

Source: Malta : Financial Sector Assessment Program-Technical Note-Banking Supervision

Volume/Issue: 2019/347

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2019

ISBN: 9781513520841

Keywords: Central banks, Financial services, Financial institutions, Macroprudential policies and financial stability, Deposit insurance, ISCR, CR, MFSA, credit institution, related party

The mission focused on selected topics in relation to the supervision of less significant institutions (LSIs), which are not directly supervised by the European Central Bank (ECB), and on non-European Union (EU) br...

Malta

New
Malta »

Source: Malta : Financial Sector Assessment Program-Technical Note-Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)

Volume/Issue: 2019/345

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2019

ISBN: 9781513520711

Keywords: Accounting, Anti-money laundering, Arbitrage, Assets, Bank compliance, Bank licensing, Bank supervision, Banking, Banking sector, Banks

This technical note (TN) sets out the findings and recommendations of the Financial Sector Assessment Program (FSAP) for the Republic of Malta in the areas of Anti-Money Laundering and Combating the Financing of Te...

Malta

New
Malta »

Source: Malta : Financial Sector Assessment Program-Technical Note-Macroprudential Policy Framework and Tools

Volume/Issue: 2019/349

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2019

ISBN: 9781513520933

Keywords: Financial crises, Macroprudential policies and financial stability, Financial institutions, Financial services, Financial systems, ISCR, CR, MFSA, CBM, data gap

Malta's institutional framework for macroprudential policy, formalized in 2014, is broadly in line with the IMF guidance for effective macroprudential policymaking. Amendments to the Central Bank of Malta (CBM) Act...

Malta

New
Malta »

Source: Malta : Financial Sector Assessment Program-Technical Note-Insurance and Securities Sector Supervision

Volume/Issue: 2019/348

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2019

ISBN: 9781513520896

Keywords: Financial crises, Financial regulation and supervision, Macroprudential policies and financial stability, Financial services, Economic conditions, ISCR, CR, MFSA, security sector, insurer

The insurance sector in Malta is relatively large and sophisticated. The sector has grown significantly since Malta's accession to the European Union (EU) in 2004, and its total assets amounted to €11.9 billion (10...

Malta

New
Malta »

Source: Malta : Financial Sector Assessment Program-Technical Note-Bank Resolution and Crisis Management

Volume/Issue: 2019/346

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2019

ISBN: 9781513520803

Keywords: Financial crises, Central banks, Macroprudential policies and financial stability, Financial services, Financial institutions, ISCR, CR, MFSA, DCS, ELA

This Note analyzes laws, policies, and procedures for bank failure mitigation and resolution, and for preparation and management of a financial crisis in Malta. It addresses the supervision of bank recovery plans,...

Malta

New
Malta »

Source: Malta : Financial Sector Assessment Program-Technical Note-Risk Analysis

Volume/Issue: 2019/350

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2019

ISBN: 9781513520971

Keywords: Financial crises, Bank credit, Financial institutions, Macroprudential policies and financial stability, Financial services, ISCR, CR, domestic bank, MFSA, large exposure

The Malta FSAP stress testing exercise took place immediately following the IMF's 2018 Euro Area FSAP and concurrently with the 2018 stress test of the European Banking Authority (EBA). A comprehensive set of stres...

Colombia

New
Colombia »

Source: Colombia : Technical Assistance Report-Reforming Energy Pricing

Volume/Issue: 2019/344

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 November 2019

ISBN: 9781513520629

Keywords: Producer prices, Oil prices, Social safety nets, Energy prices, Purchasing power, ISCR, CR, fuel product, CREG, reference price

Energy Subsidy Reform is a key pillar of Colombia's national development plan. Rising fiscal challenges in Colombia-which have been exacerbated by the adjustment costs associated with recent large migration flows f...

Colombia

New
Colombia »

Source: Colombia : Technical Assistance Report-Reforming Energy Pricing

Volume/Issue: 2019/344

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 November 2019

Language: Spanish

ISBN: 9781513520650

Keywords: ISCR, CR, fuel product, CREG, reference price, decile, external stakeholders

Energy Subsidy Reform is a key pillar of Colombia's national development plan. Rising fiscal challenges in Colombia-which have been exacerbated by the adjustment costs associated with recent large migration flows f...

IMF Management Complete the First Review Under the Staff-Monitored Program with Somalia

New
IMF Management Complete the First Review Under the Staff-Monitored Program with Somalia »

Source: Somalia : First Review Under the Staff-Monitored Program-Press Release; and Staff Report

Volume/Issue: 2019/343

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 November 2019

ISBN: 9781513520582

Keywords: Balance of payments, National income, Economic indicators, Economic reforms, Economic growth, ISCR, CR, arrears, HIPC, FGS

Implementation of the new SMP IV is satisfactory and the economic outlook is in line with expectations. The underlying growth momentum continues, supported by ongoing reforms; however, lower than expected rains in...

Colombia
			: Technical Assistance Report-Reforming Energy Pricing

New
Colombia : Technical Assistance Report-Reforming Energy Pricing »

Volume/Issue: 2019/344

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 November 2019

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781513520650.002

ISBN: 9781513520650

Keywords: ISCR, CR, fuel product, CREG, reference price, decile, external stakeholders

Energy Subsidy Reform is a key pillar of Colombia's national development plan. Rising fiscal challenges in Colombia-which have been exacerbated by the adjustment costs associated with recent large migration flows f...

Colombia
			: Technical Assistance Report-Reforming Energy Pricing

New
Colombia : Technical Assistance Report-Reforming Energy Pricing »

Volume/Issue: 2019/344

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 November 2019

DOI: http://dx.doi.org/10.5089/9781513520629.002

ISBN: 9781513520629

Keywords: Producer prices, Oil prices, Social safety nets, Energy prices, Purchasing power, ISCR, CR, fuel product, CREG, reference price

Energy Subsidy Reform is a key pillar of Colombia's national development plan. Rising fiscal challenges in Colombia-which have been exacerbated by the adjustment costs associated with recent large migration flows f...

Somalia
			: First Review Under the Staff-Monitored Program-Press Release; and Staff Report

New
Somalia : First Review Under the Staff-Monitored Program-Press Release; and Staff Report »

Volume/Issue: 2019/343

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 November 2019

DOI: http://dx.doi.org/10.5089/9781513520582.002

ISBN: 9781513520582

Keywords: Balance of payments, National income, Economic indicators, Economic reforms, Economic growth, ISCR, CR, arrears, HIPC, FGS

Implementation of the new SMP IV is satisfactory and the economic outlook is in line with expectations. The underlying growth momentum continues, supported by ongoing reforms; however, lower than expected rains in...

Somalia: First Review Under the Staff-monitored Program—Press Release; and Staff Report

New
Somalia: First Review Under the Staff-monitored Program—Press Release; and Staff Report »

Source: Somalia : First Review Under the Staff-Monitored Program-Press Release; and Staff Report

Volume/Issue: 2019/343

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 November 2019

ISBN: 9781513520582

Keywords: Balance of payments, National income, Economic indicators, Economic reforms, Economic growth, ISCR, CR, arrears, HIPC, FGS

Implementation of the new SMP IV is satisfactory and the economic outlook is in line with expectations. The underlying growth momentum continues, supported by ongoing reforms; however, lower than expected rains in...

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

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

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

Volume/Issue: 2019/340

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

ISBN: 9781513520209

Greece's economic recovery continues, but it has fallen far short of expectations. The new government elected in July has pledged to follow pro-growth policies while honoring fiscal and structural policy commitment...

Greece: Selected Issues

New
Greece: Selected Issues »

Source: Greece : Selected Issues

Volume/Issue: 2019/341

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

ISBN: 9781513520261

Selected Issues...

Greece: Selected Issues

New
Greece: Selected Issues »

Source: Greece : Selected Issues

Volume/Issue: 2019/341

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

ISBN: 9781513520261

Selected Issues...

Greece: Selected Issues

New
Greece: Selected Issues »

Source: Greece : Selected Issues

Volume/Issue: 2019/341

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

ISBN: 9781513520261

Selected Issues...

Greece: Selected Issues

New
Greece: Selected Issues »

Source: Greece : Selected Issues

Volume/Issue: 2019/341

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

ISBN: 9781513520261

Selected Issues...

Greece: Selected Issues

New
Greece: Selected Issues »

Source: Greece : Selected Issues

Volume/Issue: 2019/341

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

ISBN: 9781513520261

Selected Issues...

Greece: Selected Issues

New
Greece: Selected Issues »

Source: Greece : Selected Issues

Volume/Issue: 2019/341

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

ISBN: 9781513520261

Selected Issues...

Greece: Staff Report for the 2019 Article IV Consultation—Informational Annex

New
Greece: Staff Report for the 2019 Article IV Consultation—Informational Annex »

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

Volume/Issue: 2019/340

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

ISBN: 9781513520209

Greece's economic recovery continues, but it has fallen far short of expectations. The new government elected in July has pledged to follow pro-growth policies while honoring fiscal and structural policy commitment...

IMF Executive Board Concludes 2019 Article IV Consultation with Greece

New
IMF Executive Board Concludes 2019 Article IV Consultation with Greece »

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

Volume/Issue: 2019/340

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

ISBN: 9781513520209

Greece's economic recovery continues, but it has fallen far short of expectations. The new government elected in July has pledged to follow pro-growth policies while honoring fiscal and structural policy commitment...

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

New
Greece : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Greece »

Volume/Issue: 2019/340

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

DOI: http://dx.doi.org/10.5089/9781513520209.002

ISBN: 9781513520209

Greece's economic recovery continues, but it has fallen far short of expectations. The new government elected in July has pledged to follow pro-growth policies while honoring fiscal and structural policy commitment...

Greece
			: Selected Issues

New
Greece : Selected Issues »

Volume/Issue: 2019/341

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

DOI: http://dx.doi.org/10.5089/9781513520261.002

ISBN: 9781513520261

Selected Issues...

Mexico
			: Technical Assistance Report-Public Investment Management Assessment

New
Mexico : Technical Assistance Report-Public Investment Management Assessment »

Volume/Issue: 2019/339

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

DOI: http://dx.doi.org/10.5089/9781513520148.002

ISBN: 9781513520148

Keywords: Financial crises, Public sector investments, Economic policy, Fiscal indicators, Regional economics, ISCR, CR, medium-term, public investment, budget year

The Federation of Mexico, with 31 States and Mexico City, has a population of 129 million people with large and diverse infrastructure needs. Successive Mexican governments have recognized the importance of public...

Ukraine
			: Technical Assistance Report-Medium-Term Budget Framework and Fiscal Risk Statement

New
Ukraine : Technical Assistance Report-Medium-Term Budget Framework and Fiscal Risk Statement »

Volume/Issue: 2019/342

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

DOI: http://dx.doi.org/10.5089/9781513520377.002

ISBN: 9781513520377

Keywords: Social security funds, Risk management, Financial statements, Fiscal policy, Fiscal space, ISCR, CR, SOEs, MTBF, KSU

To strengthen the medium-term orientation of the budget, the authorities have committed to implement a full-fledged medium-term budget framework (MTBF) as part of their Public Financial Management Reform Strategy (...

Mexico

New
Mexico »

Source: Mexico : Technical Assistance Report-Public Investment Management Assessment

Volume/Issue: 2019/339

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

ISBN: 9781513520148

Keywords: Financial crises, Public sector investments, Economic policy, Fiscal indicators, Regional economics, ISCR, CR, medium-term, public investment, budget year

The Federation of Mexico, with 31 States and Mexico City, has a population of 129 million people with large and diverse infrastructure needs. Successive Mexican governments have recognized the importance of public...

Statement by Michalis Psalidopoulos, Alternate Executive Director for Greece November 13, 2019

New
Statement by Michalis Psalidopoulos, Alternate Executive Director for Greece November 13, 2019 »

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

Volume/Issue: 2019/340

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

ISBN: 9781513520209

Greece's economic recovery continues, but it has fallen far short of expectations. The new government elected in July has pledged to follow pro-growth policies while honoring fiscal and structural policy commitment...

Ukraine

New
Ukraine »

Source: Ukraine : Technical Assistance Report-Medium-Term Budget Framework and Fiscal Risk Statement

Volume/Issue: 2019/342

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

ISBN: 9781513520377

Keywords: Social security funds, Risk management, Financial statements, Fiscal policy, Fiscal space, ISCR, CR, SOEs, MTBF, KSU

To strengthen the medium-term orientation of the budget, the authorities have committed to implement a full-fledged medium-term budget framework (MTBF) as part of their Public Financial Management Reform Strategy (...

IMF Policies and Practices on Capacity Development

New
IMF Policies and Practices on Capacity Development »

Source: IMF Policies and Practices on Capacity Development

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2019

ISBN: 9781513520322

Keywords: External financing, Fund policies, Fund role, Lapse of time approval, Technical Assistance, Public financial management, Economic stabilization, Financial crises, Financial crisis, Financial statistics

This statement summarizes the IMF's policies and practices with regard to the delivery of capacity development (CD) activities. It updates the 2014 Statement on IMF Policies and Practices on Capacity Development an...

IMF Policies and Practices on Capacity Development

New
IMF Policies and Practices on Capacity Development »

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2019

DOI: http://dx.doi.org/10.5089/9781513520322.007

ISBN: 9781513520322

Keywords: External financing, Fund policies, Fund role, Lapse of time approval, Technical Assistance, Public financial management, Economic stabilization, Financial crises, Financial crisis, Financial statistics

This statement summarizes the IMF's policies and practices with regard to the delivery of capacity development (CD) activities. It updates the 2014 Statement on IMF Policies and Practices on Capacity Development an...

Macrofinancial Linkages and Growth at Risk in the Dominican Republic

New
Macrofinancial Linkages and Growth at Risk in the Dominican Republic »

Volume/Issue: 2019/246

Series: IMF Working Papers

Author(s): Olga Bespalova , and Marina Rousset

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2019

DOI: http://dx.doi.org/10.5089/9781513519203.001

ISBN: 9781513519203

Keywords: Economic conditions, Financial crises, Interest rate policy, Economic integration, Economic growth, Dominican Republic, Growth at Risk, financial conditions, macrofinancial linkages, WP

This paper uses the Growth-at-Risk (GaR) methodology to examine how macrofinancial conditions affect the growth outlook and its probability distribution. Using this approach, we evaluate risks to GDP growth in the...

Macrofinancial Linkages and Growth at Risk in the Dominican Republic

New
Macrofinancial Linkages and Growth at Risk in the Dominican Republic »

Source: Macrofinancial Linkages and Growth at Risk in the Dominican Republic

Volume/Issue: 2019/246

Series: IMF Working Papers

Author(s): Olga Bespalova , and Marina Rousset

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2019

ISBN: 9781513519203

Keywords: Economic conditions, Financial crises, Interest rate policy, Economic integration, Economic growth, Dominican Republic, Growth at Risk, financial conditions, macrofinancial linkages, WP

This paper uses the Growth-at-Risk (GaR) methodology to examine how macrofinancial conditions affect the growth outlook and its probability distribution. Using this approach, we evaluate risks to GDP growth in the...

Lifting Growth in the Western Balkans
			: The Role of Global Value Chains and Services Exports

New
Lifting Growth in the Western Balkans : The Role of Global Value Chains and Services Exports »

Volume/Issue: 2019/13

Series: Departmental Papers / Policy Papers

Author(s): Nadeem Ilahi , Armine Khachatryan , William Lindquist , Nhu Nguyen , Faezeh Raei , and Jesmin Rahman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 November 2019

DOI: http://dx.doi.org/10.5089/9781498314916.087

ISBN: 9781498314916

Keywords: Economic growth, Foreign trade, Supply, Services industry, Regional integration, Trade; Global Value Chains; Supply Chains; Growth; Services Trade; EU accession; Regional Integration

In the past 25 years, exports have contributed strongly to growth and economic convergence in many small open economies. However, the Western Balkan (WB) region, consisting of small emerging market economies, has n...

Lifting Growth in the Western Balkans

New
Lifting Growth in the Western Balkans »

Source: Lifting Growth in the Western Balkans : The Role of Global Value Chains and Services Exports

Volume/Issue: 2019/13

Series: Departmental Papers / Policy Papers

Author(s): Nadeem Ilahi , Armine Khachatryan , William Lindquist , Nhu Nguyen , Faezeh Raei , and Jesmin Rahman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 November 2019

ISBN: 9781498314916

Keywords: Economic growth, Foreign trade, Supply, Services industry, Regional integration, Trade; Global Value Chains; Supply Chains; Growth; Services Trade; EU accession; Regional Integration

In the past 25 years, exports have contributed strongly to growth and economic convergence in many small open economies. However, the Western Balkan (WB) region, consisting of small emerging market economies, has n...

Chapter 1: Complications for the United States from International Credits: 1913–401

New
Chapter 1: Complications for the United States from International Credits: 1913–401 »

Source: Debt and Entanglements Between the Wars

Series: Books

Author(s): Thomas Sargent , George Hall , Martin Ellison , Andrew Scott , Harold James , Era Dabla-Norris , Mark De Broeck , Nicolas End , Marina Marinkov , and Vitor Gaspar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513511795

Keywords: Debt, Debt burden, Debt management, Debt problems, Debt strategy, Sovereign debt, Default, Sovereign debt defaults, Domestic debt, Fiscal policy

The granting of foreign credit is a first step toward the establishment of an aggressive foreign policy. Adams (1887, 25)...

Chapter 5: Conquering the Debt Mountain: Financial Repression and Italian Debt in the Interwar Period

New
Chapter 5: Conquering the Debt Mountain: Financial Repression and Italian Debt in the Interwar Period »

Source: Debt and Entanglements Between the Wars

Series: Books

Author(s): Thomas Sargent , George Hall , Martin Ellison , Andrew Scott , Harold James , Era Dabla-Norris , Mark De Broeck , Nicolas End , Marina Marinkov , and Vitor Gaspar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513511795

Keywords: Debt, Debt burden, Debt management, Debt problems, Debt strategy, Sovereign debt, Default, Sovereign debt defaults, Domestic debt, Fiscal policy

Marina Marinkov American debt is a liability freely incurred by the Italian nation. It is, in other words, a debt of honor which we are bound to meet to the utmos...

Chapter 2: Funding the Great War and the Beginning of the End for British Hegemony1

New
Chapter 2: Funding the Great War and the Beginning of the End for British Hegemony1 »

Source: Debt and Entanglements Between the Wars

Series: Books

Author(s): Thomas Sargent , George Hall , Martin Ellison , Andrew Scott , Harold James , Era Dabla-Norris , Mark De Broeck , Nicolas End , Marina Marinkov , and Vitor Gaspar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513511795

Keywords: Debt, Debt burden, Debt management, Debt problems, Debt strategy, Sovereign debt, Default, Sovereign debt defaults, Domestic debt, Fiscal policy

The compass has been damaged. The charts are out of date. Winston Churchill (June 1930, Oxford University) 2...

Chapter 6: Germany in the Interbellum: Camouflaging Sovereign Debt

New
Chapter 6: Germany in the Interbellum: Camouflaging Sovereign Debt »

Source: Debt and Entanglements Between the Wars

Series: Books

Author(s): Thomas Sargent , George Hall , Martin Ellison , Andrew Scott , Harold James , Era Dabla-Norris , Mark De Broeck , Nicolas End , Marina Marinkov , and Vitor Gaspar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513511795

Keywords: Debt, Debt burden, Debt management, Debt problems, Debt strategy, Sovereign debt, Default, Sovereign debt defaults, Domestic debt, Fiscal policy

Mark De Broeck anD HarolD JaMes It is a truth universally acknowledged, that a sovereign borrower in possession of an uncomfortably large stock of debt must be in...

Chapter 7: Japan during the Interwar Period: From Monetary Restraint to Fiscal Abandon

New
Chapter 7: Japan during the Interwar Period: From Monetary Restraint to Fiscal Abandon »

Source: Debt and Entanglements Between the Wars

Series: Books

Author(s): Thomas Sargent , George Hall , Martin Ellison , Andrew Scott , Harold James , Era Dabla-Norris , Mark De Broeck , Nicolas End , Marina Marinkov , and Vitor Gaspar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513511795

Keywords: Debt, Debt burden, Debt management, Debt problems, Debt strategy, Sovereign debt, Default, Sovereign debt defaults, Domestic debt, Fiscal policy

Nicolas ENd 1 Shakkin nakereba kiken nashi. [With no debt, there is no danger.]...

Chapter 4: Two Decades of Walking on a Tightrope: Public Debt Management in France during the Interwar Period

New
Chapter 4: Two Decades of Walking on a Tightrope: Public Debt Management in France during the Interwar Period »

Source: Debt and Entanglements Between the Wars

Series: Books

Author(s): Thomas Sargent , George Hall , Martin Ellison , Andrew Scott , Harold James , Era Dabla-Norris , Mark De Broeck , Nicolas End , Marina Marinkov , and Vitor Gaspar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513511795

Keywords: Debt, Debt burden, Debt management, Debt problems, Debt strategy, Sovereign debt, Default, Sovereign debt defaults, Domestic debt, Fiscal policy

Nicolas End 1 And as the vicissitudes of Nations beget a perpetual tendency to the accumulation of debt, there ough...

Chapter 3: Whom Do You Rescue? Honored Debts and Selective Defaults in Four British Dominions

New
Chapter 3: Whom Do You Rescue? Honored Debts and Selective Defaults in Four British Dominions »

Source: Debt and Entanglements Between the Wars

Series: Books

Author(s): Thomas Sargent , George Hall , Martin Ellison , Andrew Scott , Harold James , Era Dabla-Norris , Mark De Broeck , Nicolas End , Marina Marinkov , and Vitor Gaspar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513511795

Keywords: Debt, Debt burden, Debt management, Debt problems, Debt strategy, Sovereign debt, Default, Sovereign debt defaults, Domestic debt, Fiscal policy

The Pax Brittanica held its sway by the ominous poise of a heavy ship’s cannon, but more frequently it prevailed by the timely pull of a thread in the international...

Contributors

New
Contributors »

Source: Debt and Entanglements Between the Wars

Series: Books

Author(s): Thomas Sargent , George Hall , Martin Ellison , Andrew Scott , Harold James , Era Dabla-Norris , Mark De Broeck , Nicolas End , Marina Marinkov , and Vitor Gaspar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513511795

Keywords: Debt, Debt burden, Debt management, Debt problems, Debt strategy, Sovereign debt, Default, Sovereign debt defaults, Domestic debt, Fiscal policy

Era Dabla-Norris Era Dabla-Norris is a Division Chief in the IMF’s Fiscal Affairs Department. Prior to that, she was Deputy Chief in the IMF’s Strategy, Policy, and Review Dep...

Debt and Entanglements Between the Wars

New
Debt and Entanglements Between the Wars »

Series: Books

Author(s): Thomas Sargent , George Hall , Martin Ellison , Andrew Scott , Harold James , Era Dabla-Norris , Mark De Broeck , Nicolas End , Marina Marinkov , and Vitor Gaspar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

DOI: http://dx.doi.org/10.5089/9781513511795.071

ISBN: 9781513511795

Keywords: Debt, Debt burden, Debt management, Debt problems, Debt strategy, Sovereign debt, Default, Sovereign debt defaults, Domestic debt, Fiscal policy

World War I created a set of forces that affected the political arrangements and economies of all the countries involved. This period in global economic history between World War I and II offers rich material for s...

Back Matter

New
Back Matter »

Source: Debt and Entanglements Between the Wars

Series: Books

Author(s): Thomas Sargent , George Hall , Martin Ellison , Andrew Scott , Harold James , Era Dabla-Norris , Mark De Broeck , Nicolas End , Marina Marinkov , and Vitor Gaspar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513511795

Keywords: Debt, Debt burden, Debt management, Debt problems, Debt strategy, Sovereign debt, Default, Sovereign debt defaults, Domestic debt, Fiscal policy

World War I created a set of forces that affected the political arrangements and economies of all the countries involved. This period in global economic history between World War I and II offers rich material for s...

Front Matter

New
Front Matter »

Source: Debt and Entanglements Between the Wars

Series: Books

Author(s): Thomas Sargent , George Hall , Martin Ellison , Andrew Scott , Harold James , Era Dabla-Norris , Mark De Broeck , Nicolas End , Marina Marinkov , and Vitor Gaspar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513511795

Keywords: Debt, Debt burden, Debt management, Debt problems, Debt strategy, Sovereign debt, Default, Sovereign debt defaults, Domestic debt, Fiscal policy

World War I created a set of forces that affected the political arrangements and economies of all the countries involved. This period in global economic history between World War I and II offers rich material for s...

The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus1

New
The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus1 »

Source: The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus

Volume/Issue: 2019/244

Series: IMF Working Papers

Author(s): Pragyan Deb , Albe Gjonbalaj , and Swarnali Hannan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513516097

Keywords: Accounting, Aging, Assets, Balance of trade, Bank deposits, Bilateral trade, Bonds, Capital, Capital account, Capital flows

China's current account surplus has declined significantly from its peak in 2008 and the external position in 2018 was in line with medium-term fundamentals and desirable policies. While cyclical factors and expans...

Foreword

New
Foreword »

Source: Debt and Entanglements Between the Wars

Series: Books

Author(s): Thomas Sargent , George Hall , Martin Ellison , Andrew Scott , Harold James , Era Dabla-Norris , Mark De Broeck , Nicolas End , Marina Marinkov , and Vitor Gaspar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513511795

Keywords: Debt, Debt burden, Debt management, Debt problems, Debt strategy, Sovereign debt, Default, Sovereign debt defaults, Domestic debt, Fiscal policy

The seven chapters in this volume tell stories about correlated macroeconomic and political events that occurred in six countries and four Dominions of the British Commonwealth between 1914 and 1940. By a st...

A Quantitative Analysis of Female Employment in Senegal

New
A Quantitative Analysis of Female Employment in Senegal »

Volume/Issue: 2019/241

Series: IMF Working Papers

Author(s): Vivian Malta , Angelica Martinez , and Marina Mendes Tavares

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

DOI: http://dx.doi.org/10.5089/9781513516202.001

ISBN: 9781513516202

Keywords: National accounts, Labor force participation, Economic growth, Labor market policy, Human capital, Development, WP, decile, formal sector, gender gap

Female-to-male employment in Senegal increased by 14 percentage points between 2006 and 2011. During the same period years of education of the working age population increased 27 percent for females and 13 percent...

Pricing Sovereign Debt in Resource-Rich Economies

New
Pricing Sovereign Debt in Resource-Rich Economies »

Volume/Issue: 2019/240

Series: IMF Working Papers

Author(s): Thomas McGregor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

DOI: http://dx.doi.org/10.5089/9781513516431.001

ISBN: 9781513516431

Keywords: Market interest rates, Economic conditions, Financial crises, Real interest rates, Commodity price fluctuations, Risk premium, natural resources, sovereign debt, and default, development

How do oil price movements affect sovereign spreads in an oil-dependent economy? I develop a stochastic general equilibrium model of an economy exposed to co-moving oil price and output processes, with endogenous s...

Repeated Use of IMF-Supported Programs: Determinants and Forecasting

New
Repeated Use of IMF-Supported Programs: Determinants and Forecasting »

Volume/Issue: 2019/245

Series: IMF Working Papers

Author(s): Martin Iseringhausen , Mwanza Nkusu , and Wellian Wiranto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

DOI: http://dx.doi.org/10.5089/9781513511689.001

ISBN: 9781513511689

Keywords: Nominal effective exchange rate, Economic policy, Economic theory, International reserves, Exchange rate regimes, IMF lending, Fund resources, GRA arrangements, WP, repeated use

This paper studies the determinants of repeated use of Fund-supported programs in a large sample covering virtually all General Resources Account (GRA) arrangements that were approved between 1952 and 2012. General...

Structural Unemployment in Luxembourg: Bad Luck or Rational Choice?

New
Structural Unemployment in Luxembourg: Bad Luck or Rational Choice? »

Volume/Issue: 2019/243

Series: IMF Working Papers

Author(s): William Gbohoui

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

DOI: http://dx.doi.org/10.5089/9781513515427.001

ISBN: 9781513515427

Keywords: Labor market characteristics, Labor market policy, Labor supply, Labor force, Human capital, Participation, (Un)Employment, Work Incentives, Tax-Benefit System, Work-Welfare Trade-off.

This paper combines both micro and macro approaches to identify the drivers of (un)employment and inactivity in Luxembourg. The young, low-skilled, and non-EU migrants are found to be the most vulnerable groups in...

The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus

New
The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus »

Volume/Issue: 2019/244

Series: IMF Working Papers

Author(s): Pragyan Deb , Albe Gjonbalaj , and Swarnali Hannan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

DOI: http://dx.doi.org/10.5089/9781513516097.001

ISBN: 9781513516097

Keywords: Accounting, Aging, Assets, Balance of trade, Bank deposits, Bilateral trade, Bonds, Capital, Capital account, Capital flows

China's current account surplus has declined significantly from its peak in 2008 and the external position in 2018 was in line with medium-term fundamentals and desirable policies. While cyclical factors and expans...

Preface

New
Preface »

Source: Debt and Entanglements Between the Wars

Series: Books

Author(s): Thomas Sargent , George Hall , Martin Ellison , Andrew Scott , Harold James , Era Dabla-Norris , Mark De Broeck , Nicolas End , Marina Marinkov , and Vitor Gaspar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513511795

Keywords: Debt, Debt burden, Debt management, Debt problems, Debt strategy, Sovereign debt, Default, Sovereign debt defaults, Domestic debt, Fiscal policy

The seven chapters in this book—about the United States (US), the United Kingdom (UK), the four Dominions of the British Commonwealth ( Australia, New Zealand, Canada, and Newfoundland), France, Italy, Germa...

Pricing Sovereign Debt in Resource-Rich Economies

New
Pricing Sovereign Debt in Resource-Rich Economies »

Source: Pricing Sovereign Debt in Resource-Rich Economies

Volume/Issue: 2019/240

Series: IMF Working Papers

Author(s): Thomas McGregor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513516431

Keywords: Market interest rates, Economic conditions, Financial crises, Real interest rates, Commodity price fluctuations, Risk premium, natural resources, sovereign debt, and default, development

How do oil price movements affect sovereign spreads in an oil-dependent economy? I develop a stochastic general equilibrium model of an economy exposed to co-moving oil price and output processes, with endogenous s...

A Quantitative Analysis of Female Employment in Senegal

New
A Quantitative Analysis of Female Employment in Senegal »

Source: A Quantitative Analysis of Female Employment in Senegal

Volume/Issue: 2019/241

Series: IMF Working Papers

Author(s): Vivian Malta , Angelica Martinez , and Marina Mendes Tavares

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513516202

Keywords: National accounts, Labor force participation, Economic growth, Labor market policy, Human capital, Development, WP, decile, formal sector, gender gap

Female-to-male employment in Senegal increased by 14 percentage points between 2006 and 2011. During the same period years of education of the working age population increased 27 percent for females and 13 percent...

Repeated Use of IMF-Supported Programs: Determinants and Forecasting

New
Repeated Use of IMF-Supported Programs: Determinants and Forecasting »

Source: Repeated Use of IMF-Supported Programs: Determinants and Forecasting

Volume/Issue: 2019/245

Series: IMF Working Papers

Author(s): Martin Iseringhausen , Mwanza Nkusu , and Wellian Wiranto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513511689

Keywords: Nominal effective exchange rate, Economic policy, Economic theory, International reserves, Exchange rate regimes, IMF lending, Fund resources, GRA arrangements, WP, repeated use

This paper studies the determinants of repeated use of Fund-supported programs in a large sample covering virtually all General Resources Account (GRA) arrangements that were approved between 1952 and 2012. General...

Structural Unemployment in Luxembourg: Bad Luck or Rational Choice?1

New
Structural Unemployment in Luxembourg: Bad Luck or Rational Choice?1 »

Source: Structural Unemployment in Luxembourg: Bad Luck or Rational Choice?

Volume/Issue: 2019/243

Series: IMF Working Papers

Author(s): William Gbohoui

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513515427

Keywords: Labor market characteristics, Labor market policy, Labor supply, Labor force, Human capital, Participation, (Un)Employment, Work Incentives, Tax-Benefit System, Work-Welfare Trade-off.

This paper combines both micro and macro approaches to identify the drivers of (un)employment and inactivity in Luxembourg. The young, low-skilled, and non-EU migrants are found to be the most vulnerable groups in...

Back to the Future: Fiscal Rules for Regaining Sustainability

New
Back to the Future: Fiscal Rules for Regaining Sustainability »

Source: Back to the Future: Fiscal Rules for Regaining Sustainability

Volume/Issue: 2019/242

Series: IMF Working Papers

Author(s): Serhan Cevik

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2019

ISBN: 9781513519128

Keywords: Economic stabilization, Fiscal policy, Fiscal indicators, Economic policy, Economic growth, sustainability, procyclicality, debt, fiscal rules, WP

This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation model to determine the optimal set of fiscal rules. The empirical analysis shows that fiscal pol...

IMF Executive Board Completes Sixth and Final Review under the Stand-By Arrangement for Jamaica

New
IMF Executive Board Completes Sixth and Final Review under the Stand-By Arrangement for Jamaica »

Source: Jamaica : Sixth Review Under the Stand-By Arrangements-Press Release; Staff Report; and Statement by the Executive Direct for Jamaica

Volume/Issue: 2019/338

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2019

ISBN: 9781513519081

Keywords: Financial and Monetary Sector, Financial systems, Financial institutions, Unemployment, Central bank governance, ISCR, CR, SBA, performance criterion, Jamaican authority

The 3-year Stand-By Arrangement (SBA) terminates shortly after conclusion of this sixth and final review. As Jamaica graduates from 61/2 years of continuous Fundsupported reform programs over two successive arrange...

Jamaica
			: Sixth Review Under the Stand-By Arrangements-Press Release; Staff Report; and Statement by the Executive Direct for Jamaica

New
Jamaica : Sixth Review Under the Stand-By Arrangements-Press Release; Staff Report; and Statement by the Executive Direct for Jamaica »

Volume/Issue: 2019/338

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2019

DOI: http://dx.doi.org/10.5089/9781513519081.002

ISBN: 9781513519081

Keywords: Financial and Monetary Sector, Financial systems, Financial institutions, Unemployment, Central bank governance, ISCR, CR, SBA, performance criterion, Jamaican authority

The 3-year Stand-By Arrangement (SBA) terminates shortly after conclusion of this sixth and final review. As Jamaica graduates from 61/2 years of continuous Fundsupported reform programs over two successive arrange...

Back to the Future: Fiscal Rules for Regaining Sustainability

New
Back to the Future: Fiscal Rules for Regaining Sustainability »

Volume/Issue: 2019/242

Series: IMF Working Papers

Author(s): Serhan Cevik

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2019

DOI: http://dx.doi.org/10.5089/9781513519128.001

ISBN: 9781513519128

Keywords: Economic stabilization, Fiscal policy, Fiscal indicators, Economic policy, Economic growth, sustainability, procyclicality, debt, fiscal rules, WP

This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation model to determine the optimal set of fiscal rules. The empirical analysis shows that fiscal pol...

Jamaica: Sixth Review Under the Stand-by – Arrangement—Press Release; Staff Report; and Statement by the Executive Director for Jamaica

New
Jamaica: Sixth Review Under the Stand-by – Arrangement—Press Release; Staff Report; and Statement by the Executive Director for Jamaica »

Source: Jamaica : Sixth Review Under the Stand-By Arrangements-Press Release; Staff Report; and Statement by the Executive Direct for Jamaica

Volume/Issue: 2019/338

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2019

ISBN: 9781513519081

Keywords: Financial and Monetary Sector, Financial systems, Financial institutions, Unemployment, Central bank governance, ISCR, CR, SBA, performance criterion, Jamaican authority

The 3-year Stand-By Arrangement (SBA) terminates shortly after conclusion of this sixth and final review. As Jamaica graduates from 61/2 years of continuous Fundsupported reform programs over two successive arrange...

Statement by Louise Levonian, Executive Director for Jamaica and Courtney Williams, Senior Advisor to the Executive Director November 4, 2019

New
Statement by Louise Levonian, Executive Director for Jamaica and Courtney Williams, Senior Advisor to the Executive Director November 4, 2019 »

Source: Jamaica : Sixth Review Under the Stand-By Arrangements-Press Release; Staff Report; and Statement by the Executive Direct for Jamaica

Volume/Issue: 2019/338

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2019

ISBN: 9781513519081

Keywords: Financial and Monetary Sector, Financial systems, Financial institutions, Unemployment, Central bank governance, ISCR, CR, SBA, performance criterion, Jamaican authority

The 3-year Stand-By Arrangement (SBA) terminates shortly after conclusion of this sixth and final review. As Jamaica graduates from 61/2 years of continuous Fundsupported reform programs over two successive arrange...

4. Capital Flows to MENAP and the CCA: Opportunities and Risks

4. Capital Flows to MENAP and the CCA: Opportunities and Risks »

Source: Regional Economic Outlook, October 2019, Middle East and Central Asia

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 November 2019

ISBN: 9781513514000

Keywords: Regional Economic Outlook, Middle East and Central Asia, Economic growth, Oil prices, Market economies, Regional economics, Fiscal policy, economic outlook, global trade tensions, oil-importing countries

Capital flows to the Middle East and Central Asian countries have been resilient even as global financial conditions tightened in 2014–16. Such flows have helped finance current account and fisc...

3. Caucasus and Central Asia: Boosting Competitiveness for Higher and More Inclusive Growth

3. Caucasus and Central Asia: Boosting Competitiveness for Higher and More Inclusive Growth »

Source: Regional Economic Outlook, October 2019, Middle East and Central Asia

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 November 2019

ISBN: 9781513514000

Keywords: Regional Economic Outlook, Middle East and Central Asia, Economic growth, Oil prices, Market economies, Regional economics, Fiscal policy, economic outlook, global trade tensions, oil-importing countries

Global trade tensions and slowing growth in key trading partners are affecting the Caucasus and Central Asia (CCA) region. However, despite a decline in export growth, growth will remain broadly...

Regional Economic Outlook, October 2019, Europe

Regional Economic Outlook, October 2019, Europe »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 November 2019

DOI: http://dx.doi.org/10.5089/9781513514017.086

ISBN: 9781513514017

Keywords: Budgets, Automobile industry, Employment, Euro Area, Gross domestic product, Inflation, Labor, Monetary policy, Trade, Wages

Economic activity in Europe has slowed on the back of weakness in trade and manufacturing. For most of the region, the slowdown remains externally driven. However, some signs of softer domestic demand have started...

Front Matter

Front Matter »

Source: Regional Economic Outlook, October 2019, Europe

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 November 2019

ISBN: 9781513514017

Keywords: Budgets, Automobile industry, Employment, Euro Area, Gross domestic product, Inflation, Labor, Monetary policy, Trade, Wages

Economic activity in Europe has slowed on the back of weakness in trade and manufacturing. For most of the region, the slowdown remains externally driven. However, some signs of softer domestic demand have started...

Executive Summary

Executive Summary »

Source: Regional Economic Outlook, October 2019, Europe

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 November 2019

ISBN: 9781513514017

Keywords: Budgets, Automobile industry, Employment, Euro Area, Gross domestic product, Inflation, Labor, Monetary policy, Trade, Wages

Economic activity in Europe has slowed on the back of weakness in trade and manufacturing. For most of the region, the slowdown remains externally driven. However, some signs of softer domestic demand have s...

1. Facing Spillovers from Trade and Manufacturing

1. Facing Spillovers from Trade and Manufacturing »

Source: Regional Economic Outlook, October 2019, Europe

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 November 2019

ISBN: 9781513514017

Keywords: Budgets, Automobile industry, Employment, Euro Area, Gross domestic product, Inflation, Labor, Monetary policy, Trade, Wages

Figure 1.1. Global Trade and Manufacturing Sources: IMF, Global Data Source; and IMF...