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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.

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...

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...

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...

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...

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

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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

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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

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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

New
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

New
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

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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

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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...

5. Fiscal Institutions and Fiscal Outcomes

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5. Fiscal Institutions and Fiscal Outcomes »

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

Countries in the Middle East and Central Asia are facing significant fiscal challenges, amid volatile oil prices, subdued growth, and conflicts. Weak fiscal institutions have contributed to spen...

Global Developments: Implications for the Middle East and Central Asia Region

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Global Developments: Implications for the Middle East and Central Asia Region »

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 developments continue to impact the Middle East and Central Asia (MCD) region. Average growth worldwide has once more been revised down and is anticipated to...

1. MENAP Oil-Exporting Countries: Transitioning to a Sustainable Fiscal Position and Higher Growth

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1. MENAP Oil-Exporting Countries: Transitioning to a Sustainable Fiscal Position and Higher 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

Growth in the near term remains subdued for oil exporters in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region, amid volatile oil prices, precarious global growth, elevated...

2. MENAP Oil-Importing Countries: Addressing Fiscal Challenges amid Social Pressures

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2. MENAP Oil-Importing Countries: Addressing Fiscal Challenges amid Social Pressures »

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

Growth in oil-importing countries in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region is expected to be muted in coming years, and lower than comparators. High public debt...

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

New
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

DOI: http://dx.doi.org/10.5089/9781513514000.086

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

Growth in the near term remains subdued for oil exporters in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region, amid volatile oil prices, precarious global growth, elevated fiscal vulnerabilit...

Front Matter

New
Front Matter »

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

Growth in the near term remains subdued for oil exporters in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region, amid volatile oil prices, precarious global growth, elevated fiscal vulnerabilit...

2. Wage Growth and Inflation in Europe: A Puzzle?

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2. Wage Growth and Inflation in Europe: A Puzzle? »

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

Wages have been rising faster than productivity in many European countries, yet signs of underlying consumer price pressures remain limited. To shed light on this pu...

IMF Executive Board Concludes 2019 Article IV Consultation with Mexico

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IMF Executive Board Concludes 2019 Article IV Consultation with Mexico »

Source: Mexico : 2019 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2019/336

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 November 2019

ISBN: 9781513519005

Keywords: External sector, National accounts, Financial indicators, Balance of payments, Financial soundness indicators, ISCR, CR, percent of GDP, Pemex, medium-term

The authorities are committed to very strong policies and policy frameworks. However, policy uncertainty and new priorities have created challenges and have clouded the growth outlook. Large-scale investment projec...

Mexico
			: 2019 Article IV Consultation-Press Release and Staff Report

New
Mexico : 2019 Article IV Consultation-Press Release and Staff Report »

Volume/Issue: 2019/336

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 November 2019

DOI: http://dx.doi.org/10.5089/9781513519005.002

ISBN: 9781513519005

Keywords: External sector, National accounts, Financial indicators, Balance of payments, Financial soundness indicators, ISCR, CR, percent of GDP, Pemex, medium-term

The authorities are committed to very strong policies and policy frameworks. However, policy uncertainty and new priorities have created challenges and have clouded the growth outlook. Large-scale investment projec...

Mexico
			: Selected Issues

New
Mexico : Selected Issues »

Volume/Issue: 2019/337

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 November 2019

DOI: http://dx.doi.org/10.5089/9781513519043.002

ISBN: 9781513519043

Keywords: Capital expenditure, Economic indicators, Capital, Investment, Expenditures, ISCR, CR, PEMEX, fiscal regime, profit-sharing

Selected Issues...

Mexico: 2019 Article IV Consultation—press Release and Staff Report

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Mexico: 2019 Article IV Consultation—press Release and Staff Report »

Source: Mexico : 2019 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2019/336

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 November 2019

ISBN: 9781513519005

Keywords: External sector, National accounts, Financial indicators, Balance of payments, Financial soundness indicators, ISCR, CR, percent of GDP, Pemex, medium-term

The authorities are committed to very strong policies and policy frameworks. However, policy uncertainty and new priorities have created challenges and have clouded the growth outlook. Large-scale investment projec...

Mexico: Selected Issues

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Mexico: Selected Issues »

Source: Mexico : Selected Issues

Volume/Issue: 2019/337

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 November 2019

ISBN: 9781513519043

Keywords: Capital expenditure, Economic indicators, Capital, Investment, Expenditures, ISCR, CR, PEMEX, fiscal regime, profit-sharing

Selected Issues...

Mexico: Selected Issues

New
Mexico: Selected Issues »

Source: Mexico : Selected Issues

Volume/Issue: 2019/337

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 November 2019

ISBN: 9781513519043

Keywords: Capital expenditure, Economic indicators, Capital, Investment, Expenditures, ISCR, CR, PEMEX, fiscal regime, profit-sharing

Selected Issues...

Mexico: Selected Issues

New
Mexico: Selected Issues »

Source: Mexico : Selected Issues

Volume/Issue: 2019/337

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 November 2019

ISBN: 9781513519043

Keywords: Capital expenditure, Economic indicators, Capital, Investment, Expenditures, ISCR, CR, PEMEX, fiscal regime, profit-sharing

Selected Issues...

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

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

Source: Mexico : 2019 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2019/336

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 November 2019

ISBN: 9781513519005

Keywords: External sector, National accounts, Financial indicators, Balance of payments, Financial soundness indicators, ISCR, CR, percent of GDP, Pemex, medium-term

The authorities are committed to very strong policies and policy frameworks. However, policy uncertainty and new priorities have created challenges and have clouded the growth outlook. Large-scale investment projec...

Democratic Republic of Sao Tome and Principe
			: Request for a 40-month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Democratic Republic of Sao Tome and Principe

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Democratic Republic of Sao Tome and Principe : Request for a 40-month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Democratic Republic of Sao Tome and Principe »

Volume/Issue: 2019/315

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2019

Language: Portuguese

DOI: http://dx.doi.org/10.5089/9781513518954.002

ISBN: 9781513518954

São Tomé and Príncipe is a fragile, small island-state, with limited resources and capacity. The last Extended Credit Facility (ECF) arrangement expired at end-2018 having gone off-track amid parliamentary election...

Democratic Republic of Sao Tome and Principe: Request for a 40-month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Democratic Republic of Sao Tome and Principe

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Democratic Republic of Sao Tome and Principe: Request for a 40-month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Democratic Republic of Sao Tome and Principe »

Source: Democratic Republic of Sao Tome and Principe : Request for a 40-month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Democratic Republic of Sao Tome and Principe

Volume/Issue: 2019/315

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2019

Language: Portuguese

ISBN: 9781513518954

São Tomé and Príncipe is a fragile, small island-state, with limited resources and capacity. The last Extended Credit Facility (ECF) arrangement expired at end-2018 having gone off-track amid parliamentary election...

Is South Asia Ready for Take Off?
			: A Sustainable and Inclusive Growth Agenda

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Is South Asia Ready for Take Off? : A Sustainable and Inclusive Growth Agenda »

Volume/Issue: 2019/18

Series: Departmental Papers / Policy Papers

Author(s): Manuela Goretti , Daisaku Kihara , Ranil Salgado , and Anne Gulde

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2019

DOI: http://dx.doi.org/10.5089/9781513507538.087

ISBN: 9781513507538

Keywords: Economic conditions, Financial crises, Economic growth, Supply and demand, Financial regulation and supervision, DPPP, reform effort, economic outlook, south Asia, demographic dividend

Since the mid-1980s, durable reforms coupled with prudent macroeconomic management have brought steady progress to the South Asia region, making it one of the world's fastest growing regions. Real GDP growth has st...

Kingdom of Lesotho
			: Technical Assistance Report-Government Finance Statistics Mission (January 14-25, 2019)

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Kingdom of Lesotho : Technical Assistance Report-Government Finance Statistics Mission (January 14-25, 2019) »

Volume: 2019

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2019

DOI: http://dx.doi.org/10.5089/9781513518893.002

ISBN: 9781513518893

Keywords: External sector statistics, Financial statistics, Financial management information systems, Monetary statistics, Fiscal sector, ISCR, CR, GFS, CBL, extrabudgetary

In response to a request from the authorities and as part of the United Kingdom's Department for International Development (DFID) Enhanced Data Dissemination Initiative (EDDI) 2 project, a government finance statis...

Is South Asia Ready for Take Off?

New
Is South Asia Ready for Take Off? »

Source: Is South Asia Ready for Take Off? : A Sustainable and Inclusive Growth Agenda

Volume/Issue: 2019/18

Series: Departmental Papers / Policy Papers

Author(s): Manuela Goretti , Daisaku Kihara , Ranil Salgado , and Anne Gulde

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2019

ISBN: 9781513507538

Keywords: Economic conditions, Financial crises, Economic growth, Supply and demand, Financial regulation and supervision, DPPP, reform effort, economic outlook, south Asia, demographic dividend

Since the mid-1980s, durable reforms coupled with prudent macroeconomic management have brought steady progress to the South Asia region, making it one of the world's fastest growing regions. Real GDP growth has st...

Kingdom of Lesotho

New
Kingdom of Lesotho »

Source: Kingdom of Lesotho : Technical Assistance Report-Government Finance Statistics Mission (January 14-25, 2019)

Volume: 2019

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2019

ISBN: 9781513518893

Keywords: External sector statistics, Financial statistics, Financial management information systems, Monetary statistics, Fiscal sector, ISCR, CR, GFS, CBL, extrabudgetary

In response to a request from the authorities and as part of the United Kingdom's Department for International Development (DFID) Enhanced Data Dissemination Initiative (EDDI) 2 project, a government finance statis...

Déclaration de M. Mohamed-Lemine Raghani, administrateur pour la Guinée, M. Facinet Sylla, administrateur suppléant et M. Mamadou Siradiou Bah, conseiller de l’administrateur 26 juillet 2019

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Déclaration de M. Mohamed-Lemine Raghani, administrateur pour la Guinée, M. Facinet Sylla, administrateur suppléant et M. Mamadou Siradiou Bah, conseiller de l’administrateur 26 juillet 2019 »

Source: Guinea : Third Review Under the Extended Credit Facility Arrangement, Request for Modification of Performance Criterion and Financing Assurances Review-Press Release; Staff Report; Supplementary Information; and Statement by the Executive Director for Guinea

Volume/Issue: 2019/275

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

Language: French

ISBN: 9781513518787

Keywords: Central banks, Social safety nets, Tax revenue, Public investments, Financial and Monetary Sector, arrears, ECF, percent of GDP, performance criterion, GDP

Guinea's strong growth momentum continues. Real growth is estimated at 5.8 percent in 2018 and expected at about 6 percent in 2019-20. The social context remains fragile. Social unrest, strikes and protests marred...

Digitalization to Improve Tax Compliance: Evidence from VAT e-Invoicing in Peru

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Digitalization to Improve Tax Compliance: Evidence from VAT e-Invoicing in Peru »

Source: Digitalization to Improve Tax Compliance: Evidence from VAT e-Invoicing in Peru

Volume/Issue: 2019/231

Series: IMF Working Papers

Author(s): Matthieu Bellon , Jillie Chang , Era Dabla-Norris , Salma Khalid , Frederico Lima , Enrique Rojas , and Pilar Villena

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

ISBN: 9781513513713

Keywords: Tax revenue, Tax evasion, Tax collection, Tax administration, Tax auditing, electronic invoicing, VAT, tax compliance, digitalization, WP

This paper examines the impact of e-invoicing on firm tax compliance and performance using administrative tax data and quasi-experimental variation in the rollout of VAT electronic invoicing in Peru. We find that e...

Doing More with Less: How Can Brazil Foster Development While Pursuing Fiscal Consolidation?

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Doing More with Less: How Can Brazil Foster Development While Pursuing Fiscal Consolidation? »

Source: Doing More with Less: How Can Brazil Foster Development While Pursuing Fiscal Consolidation?

Volume/Issue: 2019/236

Series: IMF Working Papers

Author(s): Valentina Flamini , and Mauricio Soto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

ISBN: 9781513509358

Keywords: Economic growth, Supply and demand, Public expenditures and education, Capital expenditure, Public expenditures and health, SDGs, development, fiscal policy, public spending, Brazil

Following a benchmarking exercise, we estimate the spending required to reach satisfactory progress in the Sustainable Development Goals in the health, education, and infrastructure sectors in Brazil. We find that...

Entry Costs and the Macroeconomy1

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Entry Costs and the Macroeconomy1 »

Source: Entry Costs and the Macroeconomy

Volume/Issue: 2019/233

Series: IMF Working Papers

Author(s): Germán Gutiérrez , Callum Jones , and Thomas Philippon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

ISBN: 9781513512945

Keywords: Price indexes, Supply and demand, Business cycles, Financial crises, Consumption, Corporate Investment, Competition, Tobin's Q, Zero Lower Bound., WP

We combine a structural model with cross-sectional micro data to identify the causes and consequences of rising concentration in the US economy. Using asset prices and industry data, we estimate realized and antici...

German Bond Yields and Debt Supply: Is There a 'Bund Premium'?1

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German Bond Yields and Debt Supply: Is There a 'Bund Premium'?1 »

Source: German Bond Yields and Debt Supply: Is There a 'Bund Premium'?

Volume/Issue: 2019/235

Series: IMF Working Papers

Author(s): Anne-Charlotte Paret , and Anke Weber

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

ISBN: 9781513518329

Keywords: Financial crises, Sovereign credit ratings, Economic policy, Financial institutions, International financial markets, Sovereign Bond Yields, Bond Supply, Central Bank Quantitative Easing, WP, premia

Are Bunds special? This paper estimates the 'Bund premium' as the difference in convenience yields between other sovereign safe assets and German government bonds adjusted for sovereign credit risk, liquidity and s...

Granger Predictability of Oil Prices After the Great Recession+

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Granger Predictability of Oil Prices After the Great Recession+ »

Source: Granger Predictability of Oil Prices After the Great Recession

Volume/Issue: 2019/237

Series: IMF Working Papers

Author(s): Szilard Benk , and Max Gillman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

ISBN: 9781513518626

Keywords: Supply and demand, Oil prices, Real interest rates, Energy prices, Gold prices, Oil Price Shocks, Granger Predictability, Monetary Base, M1 Divisia, Swaps

Real oil prices surged from 2009 through 2014, comparable to the 1970's oil shock period. Standard explanations based on monopoly markup fall short since inflation remained low after 2009. This paper contributes st...

Guinee: Troisieme Revue De L’accord Au Titre De La Facilite Elargie De Credit, Demande De Modification D’un Critere De Realisation Et Revue Des Assurances De Financement — Communique De Presse, Rapport Des Services Du Fmi, Analyse De Viabilite De La Dette, Supplement D’information, Et Declaration De L’administrateur Pour La Guinee

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Guinee: Troisieme Revue De L’accord Au Titre De La Facilite Elargie De Credit, Demande De Modification D’un Critere De Realisation Et Revue Des Assurances De Financement — Communique De Presse, Rapport Des Services Du Fmi, Analyse De Viabilite De La Dette, Supplement D’information, Et Declaration De L’administrateur Pour La Guinee »

Source: Guinea : Third Review Under the Extended Credit Facility Arrangement, Request for Modification of Performance Criterion and Financing Assurances Review-Press Release; Staff Report; Supplementary Information; and Statement by the Executive Director for Guinea

Volume/Issue: 2019/275

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

Language: French

ISBN: 9781513518787

Keywords: Central banks, Social safety nets, Tax revenue, Public investments, Financial and Monetary Sector, arrears, ECF, percent of GDP, performance criterion, GDP

Guinea's strong growth momentum continues. Real growth is estimated at 5.8 percent in 2018 and expected at about 6 percent in 2019-20. The social context remains fragile. Social unrest, strikes and protests marred...

Guinée: TroisièMe Revue De L’accord Au Titre De La Facilité ÉLargie De CréDit, Demande De Modification D’un CritèRe De RéAlisation Et Revue Des Assurances De Financement — Informations SuppléMentaires

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Guinée: TroisièMe Revue De L’accord Au Titre De La Facilité ÉLargie De CréDit, Demande De Modification D’un CritèRe De RéAlisation Et Revue Des Assurances De Financement — Informations SuppléMentaires »

Source: Guinea : Third Review Under the Extended Credit Facility Arrangement, Request for Modification of Performance Criterion and Financing Assurances Review-Press Release; Staff Report; Supplementary Information; and Statement by the Executive Director for Guinea

Volume/Issue: 2019/275

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

Language: French

ISBN: 9781513518787

Keywords: Central banks, Social safety nets, Tax revenue, Public investments, Financial and Monetary Sector, arrears, ECF, percent of GDP, performance criterion, GDP

Guinea's strong growth momentum continues. Real growth is estimated at 5.8 percent in 2018 and expected at about 6 percent in 2019-20. The social context remains fragile. Social unrest, strikes and protests marred...

Guinée: Troisième Revue De L’accord Au Titre De La Facilité Élargie De Crédit, Demande De Modification D’un Critère De Réalisation Et Revue Des Assurances De Financencement — Analyse De Viabilité De La Dette

New
Guinée: Troisième Revue De L’accord Au Titre De La Facilité Élargie De Crédit, Demande De Modification D’un Critère De Réalisation Et Revue Des Assurances De Financencement — Analyse De Viabilité De La Dette »

Source: Guinea : Third Review Under the Extended Credit Facility Arrangement, Request for Modification of Performance Criterion and Financing Assurances Review-Press Release; Staff Report; Supplementary Information; and Statement by the Executive Director for Guinea

Volume/Issue: 2019/275

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

Language: French

ISBN: 9781513518787

Keywords: Central banks, Social safety nets, Tax revenue, Public investments, Financial and Monetary Sector, arrears, ECF, percent of GDP, performance criterion, GDP

Guinea's strong growth momentum continues. Real growth is estimated at 5.8 percent in 2018 and expected at about 6 percent in 2019-20. The social context remains fragile. Social unrest, strikes and protests marred...

Guinea
			: Third Review Under the Extended Credit Facility Arrangement, Request for Modification of Performance Criterion and Financing Assurances Review-Press Release; Staff Report; Supplementary Information; and Statement by the Executive Director for Guinea

New
Guinea : Third Review Under the Extended Credit Facility Arrangement, Request for Modification of Performance Criterion and Financing Assurances Review-Press Release; Staff Report; Supplementary Information; and Statement by the Executive Director for Guinea »

Volume/Issue: 2019/275

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

Language: French

DOI: http://dx.doi.org/10.5089/9781513518787.002

ISBN: 9781513518787

Keywords: Central banks, Social safety nets, Tax revenue, Public investments, Financial and Monetary Sector, arrears, ECF, percent of GDP, performance criterion, GDP

Guinea's strong growth momentum continues. Real growth is estimated at 5.8 percent in 2018 and expected at about 6 percent in 2019-20. The social context remains fragile. Social unrest, strikes and protests marred...

Digitalization to Improve Tax Compliance: Evidence from VAT e-Invoicing in Peru

New
Digitalization to Improve Tax Compliance: Evidence from VAT e-Invoicing in Peru »

Volume/Issue: 2019/231

Series: IMF Working Papers

Author(s): Matthieu Bellon , Jillie Chang , Era Dabla-Norris , Salma Khalid , Frederico Lima , Enrique Rojas , and Pilar Villena

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

DOI: http://dx.doi.org/10.5089/9781513513713.001

ISBN: 9781513513713

Keywords: Tax revenue, Tax evasion, Tax collection, Tax administration, Tax auditing, electronic invoicing, VAT, tax compliance, digitalization, WP

This paper examines the impact of e-invoicing on firm tax compliance and performance using administrative tax data and quasi-experimental variation in the rollout of VAT electronic invoicing in Peru. We find that e...

Doing More with Less: How Can Brazil Foster Development While Pursuing Fiscal Consolidation?

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Doing More with Less: How Can Brazil Foster Development While Pursuing Fiscal Consolidation? »

Volume/Issue: 2019/236

Series: IMF Working Papers

Author(s): Valentina Flamini , and Mauricio Soto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

DOI: http://dx.doi.org/10.5089/9781513509358.001

ISBN: 9781513509358

Keywords: Economic growth, Supply and demand, Public expenditures and education, Capital expenditure, Public expenditures and health, SDGs, development, fiscal policy, public spending, Brazil

Following a benchmarking exercise, we estimate the spending required to reach satisfactory progress in the Sustainable Development Goals in the health, education, and infrastructure sectors in Brazil. We find that...

Entry Costs and the Macroeconomy

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Entry Costs and the Macroeconomy »

Volume/Issue: 2019/233

Series: IMF Working Papers

Author(s): Germán Gutiérrez , Callum Jones , and Thomas Philippon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

DOI: http://dx.doi.org/10.5089/9781513512945.001

ISBN: 9781513512945

Keywords: Price indexes, Supply and demand, Business cycles, Financial crises, Consumption, Corporate Investment, Competition, Tobin's Q, Zero Lower Bound., WP

We combine a structural model with cross-sectional micro data to identify the causes and consequences of rising concentration in the US economy. Using asset prices and industry data, we estimate realized and antici...

German Bond Yields and Debt Supply: Is There a 'Bund Premium'?

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German Bond Yields and Debt Supply: Is There a 'Bund Premium'? »

Volume/Issue: 2019/235

Series: IMF Working Papers

Author(s): Anne-Charlotte Paret , and Anke Weber

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

DOI: http://dx.doi.org/10.5089/9781513518329.001

ISBN: 9781513518329

Keywords: Financial crises, Sovereign credit ratings, Economic policy, Financial institutions, International financial markets, Sovereign Bond Yields, Bond Supply, Central Bank Quantitative Easing, WP, premia

Are Bunds special? This paper estimates the 'Bund premium' as the difference in convenience yields between other sovereign safe assets and German government bonds adjusted for sovereign credit risk, liquidity and s...

Granger Predictability of Oil Prices After the Great Recession

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Granger Predictability of Oil Prices After the Great Recession »

Volume/Issue: 2019/237

Series: IMF Working Papers

Author(s): Szilard Benk , and Max Gillman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

DOI: http://dx.doi.org/10.5089/9781513518626.001

ISBN: 9781513518626

Keywords: Supply and demand, Oil prices, Real interest rates, Energy prices, Gold prices, Oil Price Shocks, Granger Predictability, Monetary Base, M1 Divisia, Swaps

Real oil prices surged from 2009 through 2014, comparable to the 1970's oil shock period. Standard explanations based on monopoly markup fall short since inflation remained low after 2009. This paper contributes st...

In Search of Lost Time: Examining the Duration of Sudden Stops in Capital Flows

New
In Search of Lost Time: Examining the Duration of Sudden Stops in Capital Flows »

Volume/Issue: 2019/230

Series: IMF Working Papers

Author(s): Antonio David , and Carlos Eduardo Gonçalves

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

DOI: http://dx.doi.org/10.5089/9781513516080.001

ISBN: 9781513516080

Keywords: Balance of payments statistics, Private capital flows, Sudden stops, Real interest rates, Interest rate increases, Capital Flows, Duration Analysis., WP, sudden stop, exchange rate regime

This paper investigates what factors affect the duration of sudden stops in capital flows using quarterly data for a large panel of countries. We find that countries with floating exchange rate regimes tend to expe...

International Bank Lending Channel of Monetary Policy

New
International Bank Lending Channel of Monetary Policy »

Volume/Issue: 2019/234

Series: IMF Working Papers

Author(s): Silvia Albrizio , Sangyup Choi , Davide Furceri , and Chansik Yoon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

DOI: http://dx.doi.org/10.5089/9781513518770.001

ISBN: 9781513518770

Keywords: Central banking and monetary issues, Monetary policy instruments, Central bank role, Interest rate differential, Central banks, Monetary policy spillovers, International bank lending channel, Cross-border banking flows, Global financial cycles, Local projections

How does domestic monetary policy in systemic countries spillover to the rest of the world? This paper examines the transmission channel of domestic monetary policy in the cross-border context. We use exogenous sho...

Swing Pricing and Fragility in Open-end Mutual Funds

New
Swing Pricing and Fragility in Open-end Mutual Funds »

Volume/Issue: 2019/227

Series: IMF Working Papers

Author(s): Dunhong Jin , Marcin Kacperczyk , Bige Kahraman , and Felix Suntheim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

DOI: http://dx.doi.org/10.5089/9781513518336.001

ISBN: 9781513518336

Keywords: Asset management companies, Liquidity risk management, Mutual funds, Financial crises, Economic stabilization, liquidity mismatch, fund runs, fragility, swing pricing, strategic complementarity

How to prevent runs on open-end mutual funds? In recent years, markets have observed an innovation that changed the way open-end funds are priced. Alternative pricing rules (known as swing pricing) adjust funds' ne...

In Search of Lost Time: Examining the Duration of Sudden Stops in Capital Flows1

New
In Search of Lost Time: Examining the Duration of Sudden Stops in Capital Flows1 »

Source: In Search of Lost Time: Examining the Duration of Sudden Stops in Capital Flows

Volume/Issue: 2019/230

Series: IMF Working Papers

Author(s): Antonio David , and Carlos Eduardo Gonçalves

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

ISBN: 9781513516080

Keywords: Balance of payments statistics, Private capital flows, Sudden stops, Real interest rates, Interest rate increases, Capital Flows, Duration Analysis., WP, sudden stop, exchange rate regime

This paper investigates what factors affect the duration of sudden stops in capital flows using quarterly data for a large panel of countries. We find that countries with floating exchange rate regimes tend to expe...

International Bank Lending Channel of Monetary Policy*

New
International Bank Lending Channel of Monetary Policy* »

Source: International Bank Lending Channel of Monetary Policy

Volume/Issue: 2019/234

Series: IMF Working Papers

Author(s): Silvia Albrizio , Sangyup Choi , Davide Furceri , and Chansik Yoon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

ISBN: 9781513518770

Keywords: Central banking and monetary issues, Monetary policy instruments, Central bank role, Interest rate differential, Central banks, Monetary policy spillovers, International bank lending channel, Cross-border banking flows, Global financial cycles, Local projections

How does domestic monetary policy in systemic countries spillover to the rest of the world? This paper examines the transmission channel of domestic monetary policy in the cross-border context. We use exogenous sho...

Le conseil d’administration du FMI achève la troisième revue de l’accord au titre de la facilité élargie de crédit et approuve un décaissement de 23,9 millions de dollars en faveur de la Guinée

New
Le conseil d’administration du FMI achève la troisième revue de l’accord au titre de la facilité élargie de crédit et approuve un décaissement de 23,9 millions de dollars en faveur de la Guinée »

Source: Guinea : Third Review Under the Extended Credit Facility Arrangement, Request for Modification of Performance Criterion and Financing Assurances Review-Press Release; Staff Report; Supplementary Information; and Statement by the Executive Director for Guinea

Volume/Issue: 2019/275

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

Language: French

ISBN: 9781513518787

Keywords: Central banks, Social safety nets, Tax revenue, Public investments, Financial and Monetary Sector, arrears, ECF, percent of GDP, performance criterion, GDP

Guinea's strong growth momentum continues. Real growth is estimated at 5.8 percent in 2018 and expected at about 6 percent in 2019-20. The social context remains fragile. Social unrest, strikes and protests marred...

Swing Pricing and Fragility in Open-end Mutual Funds1

New
Swing Pricing and Fragility in Open-end Mutual Funds1 »

Source: Swing Pricing and Fragility in Open-end Mutual Funds

Volume/Issue: 2019/227

Series: IMF Working Papers

Author(s): Dunhong Jin , Marcin Kacperczyk , Bige Kahraman , and Felix Suntheim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

ISBN: 9781513518336

Keywords: Asset management companies, Liquidity risk management, Mutual funds, Financial crises, Economic stabilization, liquidity mismatch, fund runs, fragility, swing pricing, strategic complementarity

How to prevent runs on open-end mutual funds? In recent years, markets have observed an innovation that changed the way open-end funds are priced. Alternative pricing rules (known as swing pricing) adjust funds' ne...

IMF Executive Board Completes the Fifth Review under the ECF Arrangement and Approves US$34.6 Million Disbursement to Togo

New
IMF Executive Board Completes the Fifth Review under the ECF Arrangement and Approves US$34.6 Million Disbursement to Togo »

Source: Togo : Fifth Review under the Extended Credit Facility Arrangement-Press Release; Staff Report and Statement by the Executive Director for Togo

Volume/Issue: 2019/333

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 October 2019

ISBN: 9781513518640

Keywords: External sector, Public debt, Economic growth, External debt, Domestic debt, ISCR, CR, public bank, overall fiscal deficit, primary balance

The economic recovery seems to be taking hold. Inflation stood at 0.6 percent at end-July 2019. The fiscal consolidation was sustained through the first half of 2019; the overall fiscal deficit is estimated at 0.2...

Implementation Plan In Response To The Executive Board-Endorsed Recommendations From The IEO Evaluation Of The IMF's Financial Surveillance

New
Implementation Plan In Response To The Executive Board-Endorsed Recommendations From The IEO Evaluation Of The IMF's Financial Surveillance »

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 October 2019

DOI: http://dx.doi.org/10.5089/9781513518732.007

ISBN: 9781513518732

Keywords: Real sector, Financial systems, Macroprudential policies and financial stability, Financial crises, Financial sector development, PP, proposed action, IEO, article IV consultation, article IV

The actions in this Management Implementation Plan aim at: Strengthening financial and macrofinancial analysis in Article IV consultations Refocusing FSAP country selection and scope Increasing traction of...

Republic of Madagascar
			: Technical Assistance Report-Government Finance Statistics Mission

New
Republic of Madagascar : Technical Assistance Report-Government Finance Statistics Mission »

Volume/Issue: 2019/332

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 October 2019

DOI: http://dx.doi.org/10.5089/9781513518596.002

ISBN: 9781513518596

Keywords: Social security funds, Fiscal data, Financial statements, Data processing, Government accounting, ISCR, CR, GFS, OGT, subsectors

At the request of the Ministry of Finance and Budget (MFB) of Madagascar, and in consultation with the African Department of the International Monetary Fund (IMF), a technical assistance (TA) mission on government...

Slovak Republic
			: Technical Assistance Report-Public Investment Management Assessment

New
Slovak Republic : Technical Assistance Report-Public Investment Management Assessment »

Volume/Issue: 2019/330

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 October 2019

DOI: http://dx.doi.org/10.5089/9781513518428.002

ISBN: 9781513518428

Keywords: Financial crises, Regional economics, Economic analysis, Financial indicators, Economic growth, ISCR, CR, capital spend, SOEs, PPPs

Since 2016, the Slovak government has prepared several spending reviews with the aim of improving the efficiency of public expenditures, better serve citizens, and consolidate the public finances. Some of these rev...

Togo
			: Fifth Review under the Extended Credit Facility Arrangement-Press Release; Staff Report and Statement by the Executive Director for Togo

New
Togo : Fifth Review under the Extended Credit Facility Arrangement-Press Release; Staff Report and Statement by the Executive Director for Togo »

Volume/Issue: 2019/333

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 October 2019

DOI: http://dx.doi.org/10.5089/9781513518640.002

ISBN: 9781513518640

Keywords: External sector, Public debt, Economic growth, External debt, Domestic debt, ISCR, CR, public bank, overall fiscal deficit, primary balance

The economic recovery seems to be taking hold. Inflation stood at 0.6 percent at end-July 2019. The fiscal consolidation was sustained through the first half of 2019; the overall fiscal deficit is estimated at 0.2...

Implementation Plan In Response To The Executive Board-Endorsed Recommendations From The IEO Evaluation Of The IMF's Financial Surveillance

New
Implementation Plan In Response To The Executive Board-Endorsed Recommendations From The IEO Evaluation Of The IMF's Financial Surveillance »

Source: Implementation Plan In Response To The Executive Board-Endorsed Recommendations From The IEO Evaluation Of The IMF's Financial Surveillance

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 October 2019

ISBN: 9781513518732

Keywords: Real sector, Financial systems, Macroprudential policies and financial stability, Financial crises, Financial sector development, PP, proposed action, IEO, article IV consultation, article IV

The actions in this Management Implementation Plan aim at: Strengthening financial and macrofinancial analysis in Article IV consultations Refocusing FSAP country selection and scope Increasing traction of...