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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 »

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...

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...

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...

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

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...

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...

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...

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

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

Selected Issues...

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

New
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...

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

New
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)

New
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...

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...

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

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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...

Slovak Republic
			: Technical Assistance Report-Public Investment Management Assessment

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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...

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

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...

Russian Federation
			: Fiscal Transparency Evaluation Update

New
Russian Federation : Fiscal Transparency Evaluation Update »

Volume/Issue: 2019/329

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 October 2019

DOI: http://dx.doi.org/10.5089/9781513518404.002

ISBN: 9781513518404

Keywords: Fiscal sector, Financial crises, Fiscal policy, Financial statements, Fiscal indicators, ISCR, CR, tax expenditure, Rosstat, NWF

Russia was one of the first countries (and first G20 country) to volunteer to pilot the IMF's new Fiscal Transparency Evaluation (FTE). The evaluation was conducted in October 2013 on the basis of a draft version o...

Lao People's Democratic Republic
			: Technical Assistance Report-Risk-Based Banking Supervision

New
Lao People's Democratic Republic : Technical Assistance Report-Risk-Based Banking Supervision »

Volume/Issue: 2019/331

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 October 2019

DOI: http://dx.doi.org/10.5089/9781513518466.002

ISBN: 9781513518466

Keywords: Banking systems, Financial systems, Commercial banks, Foreign banks, Bank capital, ISCR, CR, RBS, onsite, ROX

At the request of the Bank of Lao, and in continuation of the FIRST TA project, this TA report provides advice towards implementing risk-based supervision (RBS). The BoL is in the process of implementing its risk-b...

Republic of Congo
			: Staff Report-Press Release; Staff Report; Debt Sustainability Analysis, and Statement by the Executive Director for the Republic of Congo

New
Republic of Congo : Staff Report-Press Release; Staff Report; Debt Sustainability Analysis, and Statement by the Executive Director for the Republic of Congo »

Volume/Issue: 2019/244

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 October 2019

Language: French

DOI: http://dx.doi.org/10.5089/9781513518510.002

ISBN: 9781513518510

Keywords: External sector, Financial and Monetary Sector, Public debt, Oil revenues, Debt sustainability, Congolese authority, percent of GDP, non-oil, arrears, Proj

The Republic of Congo was hit hard by the oil price shock and delayed fiscal adjustment, amidst governance challenges and unsustainable debt. While program negotiations were long and complex, the authorities made d...

France
			: Financial Sector Assessment Program-Technical Note-Balance Sheet Risks and Financial Stability

New
France : Financial Sector Assessment Program-Technical Note-Balance Sheet Risks and Financial Stability »

Volume/Issue: 2019/324

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 October 2019

DOI: http://dx.doi.org/10.5089/9781513517797.002

ISBN: 9781513517797

Macroprudential policy setting faces the challenge of identifying growth of financial and macroeconomic variables above and below potential. The gaps between actual performance and potential are crucial for policy...

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

New
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: 29 October 2019

DOI: http://dx.doi.org/10.5089/9781513517407.002

ISBN: 9781513517407

Keywords: Balance of payments, Development, Economic growth, Central banks, Foreign exchange, ISCR, CR, arrears, Príncipe, ECF

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...

France
			: Financial Sector Assessment Program-Technical Note-Anti-Money Laundering and Combating the Financing of Terrorism Regime in France

New
France : Financial Sector Assessment Program-Technical Note-Anti-Money Laundering and Combating the Financing of Terrorism Regime in France »

Volume/Issue: 2019/326

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 October 2019

DOI: http://dx.doi.org/10.5089/9781513517827.002

ISBN: 9781513517827

Keywords: Money laundering, Real sector, Tax evasion, Central banks, Financial institutions, ISCR, CR, CFT, AML, local bar association

This technical note (TN) sets out the findings and recommendations made in the Financial Sector Assessment Program (FSAP) for France in the areas of anti-money laundering and combating the financing of terrorism (A...

France
			: Financial Sector Assessment Program-Technical Note-Issues in Insurance Supervision and Regulation

New
France : Financial Sector Assessment Program-Technical Note-Issues in Insurance Supervision and Regulation »

Volume/Issue: 2019/323

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 October 2019

DOI: http://dx.doi.org/10.5089/9781513517780.002

ISBN: 9781513517780

Keywords: Insurance companies, Macroprudential policies and financial stability, Financial systems, Financial markets, Health insurance, ISCR, CR, solvency, transitional measure, on-site inspection

The French insurance industry is the largest in the EU27 and therefore the largest in the European Union after Brexit. The French insurance market is large both because the French economy is the second largest in t...

France
			: Financial Sector Assessment Program-Technical Note-Key Attributes of Effective Resolution Regimes for Insurance Companies

New
France : Financial Sector Assessment Program-Technical Note-Key Attributes of Effective Resolution Regimes for Insurance Companies »

Volume/Issue: 2019/328

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 October 2019

DOI: http://dx.doi.org/10.5089/9781513517841.002

ISBN: 9781513517841

Keywords: Financial crises, Macroprudential policies and financial stability, Financial services, Financial institutions, Financial systems, ISCR, CR, resolvability, insurer, policyholder

This pilot assessment of the implementation of the Key Attributes of Effective Resolution Regimes for Financial Institutions (KA)1 in the insurance sector in France has been completed as part of a Financial Sector...

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

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

Volume/Issue: 2019/327

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 October 2019

DOI: http://dx.doi.org/10.5089/9781513517803.002

ISBN: 9781513517803

Keywords: Financial crises, Financial markets, Macroprudential policies and financial stability, Financial systems, Financial infrastructure, ISCR, CR, BdF, corporates, CRR

Macroprudential policy in France is the joint responsibility with several European institutions. With the operationalization of the EU Capital Requirement Directive and Capital Requirement Regulation (CRD/CRR), the...

France
			: Financial Sector Assessment Program-Technical Note-Nonfinancial Corporations and Households Vulnerabilities

New
France : Financial Sector Assessment Program-Technical Note-Nonfinancial Corporations and Households Vulnerabilities »

Volume/Issue: 2019/321

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 October 2019

DOI: http://dx.doi.org/10.5089/9781513517759.002

ISBN: 9781513517759

Keywords: Financial crises, Financial markets, Price indexes, Supply and demand, Economic cooperation, ISCR, CR, corporates, ICR, SMEs

Corporates. The debt of French nonfinancial corporations has been on a rising trend in percent of GDP, especially in recent years, in contrast what is observed in peer European countries. This trend on non-consolid...

France
			: Financial Sector Assessment Program-Technical Note-Risk Analysis of Banking and Insurance Sector

New
France : Financial Sector Assessment Program-Technical Note-Risk Analysis of Banking and Insurance Sector »

Volume/Issue: 2019/322

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 October 2019

DOI: http://dx.doi.org/10.5089/9781513517773.002

ISBN: 9781513517773

Keywords: Financial crises, Financial institutions, Macroprudential policies and financial stability, Financial systems, Financial markets, ISCR, CR, solvency, PDs, euro area

France is home to numerous banks and insurers which are very active at a global scale. Four Global Systemically Important Banks (G-SIBs) are incorporated in France as well as multiple number of large insurers. Asse...

France
			: Financial Sector Assessment Program-Technical Note-Select Topics in Financial Supervision and Oversight

New
France : Financial Sector Assessment Program-Technical Note-Select Topics in Financial Supervision and Oversight »

Volume/Issue: 2019/325

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 October 2019

DOI: http://dx.doi.org/10.5089/9781513517810.002

ISBN: 9781513517810

Keywords: Financial crises, Financial instruments, Macroprudential policies and financial stability, Economic growth, Financial institutions, ISCR, CR, credit institution, ECB, on-site inspection

The Less Significant Institutions (LSI) sector in France is very small in terms of market share and is diversified by size and business model (Table 1). It proved itself resilient during the financial crisis and is...

Regional Economic Outlook, October 2019, Western Hemisphere Department

New
Regional Economic Outlook, October 2019, Western Hemisphere Department »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 October 2019

Language: Portuguese

DOI: http://dx.doi.org/10.5089/9781513515502.086

ISBN: 9781513515502

Regional Economic Outlook, October 2019, Western Hemisphere Department...

Regional Economic Outlook, October 2019, Western Hemisphere Department

New
Regional Economic Outlook, October 2019, Western Hemisphere Department »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 October 2019

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781513515311.086

ISBN: 9781513515311

Regional Economic Outlook, October 2019, Western Hemisphere Department...

Regional Economic Outlook, October 2019, Western Hemisphere Department

New
Regional Economic Outlook, October 2019, Western Hemisphere Department »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 October 2019

DOI: http://dx.doi.org/10.5089/9781513513959.086

ISBN: 9781513513959

Keywords: Consumption, Economic conditions, Economic policy, Monetary policy, Labor, Latin America, Trade, Regional Economic Outlook, Latin America and the Caribbean, LAC

The global economy has slowed, with important consequences for growth prospects in Latin America and the Caribbean. The slowdown in economic activity has been broad-based among advanced economies and more pronounce...

Instruments of Debtstruction: A New Database of Interwar Debt

New
Instruments of Debtstruction: A New Database of Interwar Debt »

Volume/Issue: 2019/226

Series: IMF Working Papers

Author(s): Nicolas End , Marina Marinkov , and Fedor Miryugin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 October 2019

DOI: http://dx.doi.org/10.5089/9781513514550.001

ISBN: 9781513514550

Keywords: National income, Public debt management, Economic conditions, Domestic debt, Sovereign debt, Economic History, Debt Policy, Public Finance, Macroeconomics, WP

We construct a new, comprehensive instrument-level database of sovereign debt for 18 advanced and emerging countries over the period 1913-46. The database contains data on amounts outstanding for some 3,800 individ...

Bosnia and Herzegovina
			: Technical Assistance Report-Implementation of a New Reserve Requirement Framework

New
Bosnia and Herzegovina : Technical Assistance Report-Implementation of a New Reserve Requirement Framework »

Volume/Issue: 2019/316

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 2019

Language: Bosnian

DOI: http://dx.doi.org/10.5089/9781513517711.002

ISBN: 9781513517711

Since 2014, the CBBH has been exposed to a negative spread on the reinvestment of the reserve requirements. Until 2014, the CBBH remunerated reserve requirements on the basis of the returns achieved on their reinve...

Gender Diversity In The Executive Board
			: Progress Report Of The Executive Board To The Board Of Governors

New
Gender Diversity In The Executive Board : Progress Report Of The Executive Board To The Board Of Governors »

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund. Secretary's Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 2019

DOI: http://dx.doi.org/10.5089/9781513517414.007

ISBN: 9781513517414

Executive Directors underscore the importance of promoting gender diversity at the IMF's Executive Board and the Offices of Executive Directors (OEDs). The Executive Board recognizes that a diversity of views contr...

Bosnia and Herzegovina
			: Technical Assistance Report-Implementation of a New Reserve Requirement Framework

New
Bosnia and Herzegovina : Technical Assistance Report-Implementation of a New Reserve Requirement Framework »

Volume/Issue: 2019/316

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 2019

DOI: http://dx.doi.org/10.5089/9781513517469.002

ISBN: 9781513517469

Keywords: Central banking and monetary issues, Financial institutions, Central banks, Reserve requirements, Monetary policy instruments, ISCR, CR, excess reserve, reserve requirement, remuneration

Since 2014, the CBBH has been exposed to a negative spread on the reinvestment of the reserve requirements. Until 2014, the CBBH remunerated reserve requirements on the basis of the returns achieved on their reinve...

Thailand
			: Financial Sector Assessment Program-Detailed Assessment of Observance-Basel Core Principles For Effective Banking Supervision

New
Thailand : Financial Sector Assessment Program-Detailed Assessment of Observance-Basel Core Principles For Effective Banking Supervision »

Volume/Issue: 2019/319

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 2019

DOI: http://dx.doi.org/10.5089/9781513517599.002

ISBN: 9781513517599

Keywords: Financial regulation and supervision, Financial crises, Financial institutions, Financial instruments, Macroprudential policies and financial stability, ISCR, CR, Bot, bank 's board, AMLO

There have been significant enhancements to the legal framework and the supervisory process since the last Basel Core Principles (BCP) review, resulting in high compliance. The Financial Institutions Business Act (...

Thailand
			: Financial Sector Assessment Program-Detailed Assessment of Observance-Insurance Core Principles

New
Thailand : Financial Sector Assessment Program-Detailed Assessment of Observance-Insurance Core Principles »

Volume/Issue: 2019/320

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 2019

DOI: http://dx.doi.org/10.5089/9781513517650.002

ISBN: 9781513517650

Keywords: Financial regulation and supervision, Financial crises, Financial sector development, Financial institutions, Financial infrastructure, ISCR, CR, non-life, insurer, reinsurer

The Thai insurance sector is a relatively small but growing part of the country's financial services industry. Insurance sector assets have grown from 10 percent of gross domestic product (GDP) in 2006 to over 22 p...

Thailand
			: Financial Sector Assessment Program-Technical Note-Risk Assessment

New
Thailand : Financial Sector Assessment Program-Technical Note-Risk Assessment »

Volume/Issue: 2019/318

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 2019

DOI: http://dx.doi.org/10.5089/9781513517544.002

ISBN: 9781513517544

Keywords: Financial crises, Financial institutions, Macroprudential policies and financial stability, Real sector, Financial systems, ISCR, CR, bank of Thailand, Bot, stress test

The Thai banking system shows a substantial resilience to severe shocks. The solvency stress tests indicate that the largest banks can withstand an adverse scenario broadly as severe as the Asian financial crisis....

How to Establish a Tax Policy Unit

New
How to Establish a Tax Policy Unit »

Series: IMF How To Notes

Author(s): Martin Grote

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2019

Language: Russian

DOI: http://dx.doi.org/10.5089/9781498320986.061

ISBN: 9781498320986

Keywords: Fiscal policy, Tax policy, Tax reforms, Revenue administration, Tax revenue, How to Establish a Tax Policy Unit, TPU, economic impact analysis, develop economy, impact analysis

How to Establish a Tax Policy Unit...

Facing the Tides
			: Managing Capital Flows in Asia

New
Facing the Tides : Managing Capital Flows in Asia »

Volume/Issue: 2019/17

Series: Departmental Papers / Policy Papers

Author(s): Harald Finger , and Pablo Lopez Murphy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2019

DOI: http://dx.doi.org/10.5089/9781513512334.087

ISBN: 9781513512334

Keywords: Exchange rate policy, Real effective exchange rates, Balance of payments, Exchange markets, Balance of payments statistics, DPPP, capital flow, capital inflow, output gap, inflow

This paper looks empirically at some economic effects of volatile exchange rates and financial conditions and examines policy responses for managing such volatility. It also sheds light on some economic costs that...

How to Establish a Tax Policy Unit

New
How to Establish a Tax Policy Unit »

Volume: 17

Series: IMF How To Notes

Author(s): Martin Grote

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2019

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781498321280.061

ISBN: 9781498321280

Keywords: Fiscal policy, Tax policy, Tax reforms, Revenue administration, Tax revenue, How to Establish a Tax Policy Unit, TPU, economic impact analysis, develop economy, impact analysis

How to Establish a Tax Policy Unit...

Création d'une unité de politique fiscale

New
Création d'une unité de politique fiscale »

Volume: 17

Series: IMF How To Notes

Author(s): Martin Grote

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2019

Language: French

DOI: http://dx.doi.org/10.5089/9781498321242.061

ISBN: 9781498321242

Keywords: Fiscal policy, Tax policy, Tax reforms, Revenue administration, Tax revenue, Création d’une unité de politique fiscale, UPF, analyse d'impact économique, développer l'économie, analyse d'impact

Création d'une unité de politique fiscale...

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

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

Volume/Issue: 2019/314

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2019

DOI: http://dx.doi.org/10.5089/9781513517360.002

ISBN: 9781513517360

Keywords: External sector, Balance of payments, National accounts, Fiscal policy, Central banks, ISCR, CR, SOEs, percent of GDP, overall balance

The government has in recent years implemented large-scale investments to develop transport and logistics infrastructures. Combined with business climate reforms, this development strategy has fueled strong growth...

Morocco
			: First Review Under the Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Morocco

New
Morocco : First Review Under the Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Morocco »

Volume/Issue: 2019/317

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2019

DOI: http://dx.doi.org/10.5089/9781513517506.002

ISBN: 9781513517506

Keywords: External sector, Economic policy, External debt, Flexible exchange rates, Fiscal policy, ISCR, CR, PLL, medium term, tourism receipt

Despite a challenging external environment, improved fiscal management and economic diversification have strengthened the resilience of Morocco's economy in recent years. Yet, economic growth, at 3 percent in 2018,...

Regional Economic Outlook, October 2019, Asia Pacific

New
Regional Economic Outlook, October 2019, Asia Pacific »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2019

DOI: http://dx.doi.org/10.5089/9781513513966.086

ISBN: 9781513513966

Keywords: Economic integration, Balance of payments, Regional economics, Economic policy, Economic reforms, REO, global growth, capital flow, distortionary, trade tension

Growth in Asia is expected to moderate to 5.0 percent in 2019 and 5.1 percent in 2020 (0.4 and 0.3 percentage point lower than projected last April, respectively). A marked deceleration in merchandise trade and inv...

The Political Costs of Reforms
			: Fear or Reality?

The Political Costs of Reforms : Fear or Reality? »

Volume/Issue: 2019/8

Series: Staff Discussion Notes

Author(s): Gabriele Ciminelli , Davide Furceri , Jun Ge , Jonathan Ostry , and Chris Papageorgiou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 2019

DOI: http://dx.doi.org/10.5089/9781513517155.006

ISBN: 9781513517155

Many countries are experiencing persistent, weak medium-term growth and limited fiscal space. Against this background, economic policy agendas-in both advanced and developing economies-are focusing increasingly on...

The Political Costs of Reforms
			: Fear or Reality?

The Political Costs of Reforms : Fear or Reality? »

Volume/Issue: 2019/8

Series: Staff Discussion Notes

Author(s): Gabriele Ciminelli , Davide Furceri , Jun Ge , Jonathan Ostry , and Chris Papageorgiou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 2019

DOI: http://dx.doi.org/10.5089/9781513512112.006

ISBN: 9781513512112

Keywords: Real sector, Economic conditions, External sector, Economic policy, Economic reforms, SDN, sector reform, domestic finance, electoral outcome, vote share

The aim of this SDN is to examine whether fear of a political cost associated with economic reforms is justified by the available evidence, and whether there are lessons from how economic policies might be adjusted...

Regional Economic Outlook, October 2019, Sub-Saharan Africa

Regional Economic Outlook, October 2019, Sub-Saharan Africa »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 2019

Language: French

DOI: http://dx.doi.org/10.5089/9781513515281.086

ISBN: 9781513515281

Regional Economic Outlook, October 2019, Sub-Saharan Africa...

Regional Economic Outlook, October 2019, Sub-Saharan Africa

Regional Economic Outlook, October 2019, Sub-Saharan Africa »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 2019

DOI: http://dx.doi.org/10.5089/9781513514055.086

ISBN: 9781513514055

Keywords: Debt, Debt strategy, Economic growth, Sub-Saharan Africa, Trade, Regional Economic Outlook, Monetary policy, sub-Saharan Africa, low-income country, sub-Saharan African country

Growth in sub-Saharan Africa is expected to pick up, though at a slower pace than previously expected. This revision reflects a more challenging external environment, continued output disruptions in oil-exporting c...

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

Lebanon : 2019 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Lebanon »

Volume/Issue: 2019/312

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 October 2019

DOI: http://dx.doi.org/10.5089/9781513517049.002

ISBN: 9781513517049

Keywords: Economic conditions, Central banks, Financial crises, External sector, Economic growth, ISCR, CR, BdL, Proj, percent of GDP

Lebanon's economic position continues to be very difficult, with very low growth, high public debt and large twin deficits. While financial stability has been maintained, deposit inflows, critical to finance the bu...

Lebanon
			: Selected Issues

Lebanon : Selected Issues »

Volume/Issue: 2019/313

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 October 2019

DOI: http://dx.doi.org/10.5089/9781513517070.002

ISBN: 9781513517070

Keywords: Energy sector, Tariff structures, Capital expenditure, Energy policy, Purchasing power, ISCR, CR, private generator, electricity sector, non-technical

Selected Issues...

Global Financial Stability Report, October 2019
			: Lower for Longer

Global Financial Stability Report, October 2019 : Lower for Longer »

Series: Global Financial Stability Report

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 October 2019

DOI: http://dx.doi.org/10.5089/9781498324021.082

ISBN: 9781498324021

Keywords: global financial stability, us dollar funding fragility, emerging markets

The October 2019 Global Financial Stability Report (GFSR) identifies the current key vulnerabilities in the global financial system as the rise in corporate debt burdens, increasing holdings of riskier and more ill...

Reducing and Redistributing Unpaid Work: Stronger Policies to Support Gender Equality

Reducing and Redistributing Unpaid Work: Stronger Policies to Support Gender Equality »

Volume/Issue: 2019/225

Series: IMF Working Papers

Author(s): Cristian Alonso , Mariya Brussevich , Era Dabla-Norris , Yuko Kinoshita , and Kalpana Kochhar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 October 2019

DOI: http://dx.doi.org/10.5089/9781513514536.001

ISBN: 9781513514536

Keywords: Unpaid Work, Female Labor Force Participation, Gender Equality.

Unpaid work, such as caring for children, the elderly, and household chores represents a significant share of economic activity but is not counted as part of GDP. Women disproportionately shoulder the burden of unp...

World Economic Outlook, October 2019
			: Global Manufacturing Downturn, Rising Trade Barriers

World Economic Outlook, October 2019 : Global Manufacturing Downturn, Rising Trade Barriers »

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 October 2019

DOI: http://dx.doi.org/10.5089/9781513508214.081

ISBN: 9781513508214

Keywords: Market economies, Economic conditions, Economies, Economic policy, Financial crises, WEO, advanced economy, emerge market, develop economy, euro area

World Economic Outlook, October 2019...

Enhancing Chile's Fiscal Framework
			: Lessons from Domestic and International Experience

Enhancing Chile's Fiscal Framework : Lessons from Domestic and International Experience »

Series: Miscellaneous Publication (Other)

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

DOI: http://dx.doi.org/10.5089/9781513514024.073

ISBN: 9781513514024

This booklet summarizes the presentations in the conference titled 'Enhancing Chile's Fiscal Framework: Lessons from Domestic and International Experience,' organized by Chile's Ministry of Finance and the Internat...

IMF Publications Catalog, Fall/Winter 2019

IMF Publications Catalog, Fall/Winter 2019 »

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

DOI: http://dx.doi.org/10.5089/CATEA2019002.073

ISBN: CATEA2019002

IMF Publications Catalog, Fall/Winter 2019...

A Requiem for the Fiscal Theory of the Price Level

A Requiem for the Fiscal Theory of the Price Level »

Volume/Issue: 2019/219

Series: IMF Working Papers

Author(s): Roger Farmer , and Pawel Zabczyk

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

DOI: http://dx.doi.org/10.5089/9781513516196.001

ISBN: 9781513516196

Keywords: Real interest rates, Negative interest rates, Economic theory, Interest rate policy, Interest rate modelling, fiscal policy, monetary policy, fiscal theory of the price level, price level determination, overlapping generations model

The Fiscal Theory of the Price Level (FTPL) is the claim that, in a popular class of theoretical models, the price level is sometimes determined by fiscal policy rather than monetary policy. The models where this c...

An Assessment of Global Formula Apportionment

An Assessment of Global Formula Apportionment »

Volume/Issue: 2019/213

Series: IMF Working Papers

Author(s): Ruud A. Mooij , Li Liu , and Dinar Prihardini

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

DOI: http://dx.doi.org/10.5089/9781513516257.001

ISBN: 9781513516257

Keywords: Indicators of economic activity, Tax revenue, Tax competition, Tax bases, Tax rates, International corporate taxation, Multinationals, Formula apportionment., WP, MNEs

Formula apportionment as a way to attribute taxable profits of multinationals across jurisdictions is receiving increased attention. This paper reviews existing literature and discusses experiences in selective fed...

Assessing Oil and Non-Oil GDP Growth from Space: An Application to Yemen 2012-17

Assessing Oil and Non-Oil GDP Growth from Space: An Application to Yemen 2012-17 »

Volume/Issue: 2019/221

Series: IMF Working Papers

Author(s): Majdi Debbich

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

DOI: http://dx.doi.org/10.5089/9781513514567.001

ISBN: 9781513514567

Keywords: Oil producing countries, National income, Oil production, Economic growth, Development, conflict, nighttime lights, WP, nightlights, real GDP

This paper uses an untapped source of satellite-recorded nightlights and gas flaring data to characterize the contraction of economic activity in Yemen throughout the ongoing conflict that erupted in 2015. Using es...

Banks' Holdings of Government Securities and Credit to the Private Sector in Emerging Market and Developing Economies

Banks' Holdings of Government Securities and Credit to the Private Sector in Emerging Market and Developing Economies »

Volume/Issue: 2019/224

Series: IMF Working Papers

Author(s): Romain Bouis

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

DOI: http://dx.doi.org/10.5089/9781513512952.001

ISBN: 9781513512952

Keywords: Financial crises, Central banks, Interest rates on loans, Macroprudential policies and financial stability, Monetary statistics, Sovereign debt, credit growth, bank profitability, nonperforming loans, portfolio rebalancing

This paper studies the relationship between banks' holdings of domestic sovereign securities and credit growth to the private sector in emerging market and developing economies. Higher banks' holdings of government...

Do Audits Deter or Provoke Future Tax Noncompliance? Evidence on Self-employed Taxpayers

Do Audits Deter or Provoke Future Tax Noncompliance? Evidence on Self-employed Taxpayers »

Volume/Issue: 2019/223

Series: IMF Working Papers

Author(s): Sebastian Beer , Matthias Kasper , Erich Kirchler , and Brian Erard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

DOI: http://dx.doi.org/10.5089/9781513515373.001

ISBN: 9781513515373

Keywords: Tax revenue, Audit process, Tax auditing, Tax returns, Tax evasion, small business taxpayers, CIT audit, impact evaluation, WP, taxpayer

This paper employs unique tax administrative data and operational audit information from a sample of approximately 7,500 self-employed U.S. taxpayers to investigate the effects of operational tax audits on future r...

Do Financial Markets Value Quality of Fiscal Governance?

Do Financial Markets Value Quality of Fiscal Governance? »

Volume/Issue: 2019/218

Series: IMF Working Papers

Author(s): Kady Keita , Gene Leon , and Frederico Lima

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

DOI: http://dx.doi.org/10.5089/9781513516127.001

ISBN: 9781513516127

Keywords: Access to international capital markets, International bond markets, Financial crises, Sovereign credit ratings, Access to capital markets, Fiscal governance, public financial management, sovereign bond, credit rating, WP

We examine the link between the quality of fiscal governance and access to market-based external finance. Stronger fiscal governance is associated with improvements in several indicators of market access, including...

Interconnectedness and Contagion Analysis: A Practical Framework

Interconnectedness and Contagion Analysis: A Practical Framework »

Volume/Issue: 2019/220

Series: IMF Working Papers

Author(s): Jana Bricco , and TengTeng Xu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

DOI: http://dx.doi.org/10.5089/9781513516226.001

ISBN: 9781513516226

Keywords: Financial regulation and supervision, Financial crises, Financial institutions, Financial systems, Macroprudential policies and financial stability, Interconnectedess, Contagion, Financial Stability, Risk Analysis, Systemic Risk.

The analysis of interconnectedness and contagion is an important part of the financial stability and risk assessment of a country's financial system. This paper offers detailed and practical guidance on how to cond...

Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis

Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis »

Volume/Issue: 2019/215

Series: IMF Working Papers

Author(s): Matthew Kahn , Kamiar Mohaddes , Ryan Ng , M. Pesaran , Mehdi Raissi , and Jui-Chung Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

DOI: http://dx.doi.org/10.5089/9781513514598.001

ISBN: 9781513514598

Keywords: Greenhouse gas emissions, Economic growth, Real sector, Economic cooperation, Economic indicators, Climate change, adaptation, counterfactual analysis., WP, historical norm

We study the long-term impact of climate change on economic activity across countries, using a stochastic growth model where labor productivity is affected by country-specific climate variables-defined as deviation...

Macroeconomic Outcomes in Disaster-Prone Countries

Macroeconomic Outcomes in Disaster-Prone Countries »

Volume/Issue: 2019/217

Series: IMF Working Papers

Author(s): Alessandro Cantelmo , Giovanni Melina , and Chris Papageorgiou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

DOI: http://dx.doi.org/10.5089/9781513515380.001

ISBN: 9781513515380

Keywords: National income, Business cycles, Balance of payments, Interest rate increases, Real interest rates, natural disasters, climate change, DSGE, resilient capital, international aid

Using a dynamic stochastic general equilibrium model, we study the channels through which natural disaster shocks affect macroeconomic outcomes and welfare in disaster-prone countries. We solve the model using Tayl...

Job Polarization and the Declining Fortunes of the Young: Evidence from the United Kingdom

Job Polarization and the Declining Fortunes of the Young: Evidence from the United Kingdom »

Volume/Issue: 2019/216

Series: IMF Working Papers

Author(s): Era Dabla-Norris , Carlo Pizzinelli , and Jay Rappaport

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

DOI: http://dx.doi.org/10.5089/9781513515410.001

ISBN: 9781513515410

Keywords: Cost of living, Skilled labor, Labor markets, Unemployment, Real sector, Job polarization, Occupational choice, Inter-generational inequality, WP, lifetime earnings

This paper uses a life-cycle framework to document new stylized facts about the nexus between job polarization and earnings inequality. Using quarterly labor force data for the UK over the period 2000-2018, we find...

The Macroeconomic Effects of Labor and Product Market Reforms in Morocco

The Macroeconomic Effects of Labor and Product Market Reforms in Morocco »

Volume/Issue: 2019/222

Series: IMF Working Papers

Author(s): Babacar Sarr , Mokhtar Benlamine , and Zsuzsa Munkacsi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

DOI: http://dx.doi.org/10.5089/9781513513768.001

ISBN: 9781513513768

Keywords: Access to foreign markets, Bankruptcy, Banks, Basket of currency peg, Capital, Capital accumulation, Capital flows, Capital formation, Commodity markets, Commodity prices

This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp)...

Macroeconomic Effects of Reforms on Three Diverse Oil Exporters: Russia, Saudi Arabia, and the UK

Macroeconomic Effects of Reforms on Three Diverse Oil Exporters: Russia, Saudi Arabia, and the UK »

Volume/Issue: 2019/214

Series: IMF Working Papers

Author(s): Samya Beidas-Strom , and Marco Lorusso

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

DOI: http://dx.doi.org/10.5089/9781498320504.001

ISBN: 9781498320504

Keywords: External sector, Fiscal sector, Supply and demand, Oil consumption, Real effective exchange rates, DSGE model, Economic diversi?cation, Shocks and commodity exporters, Bayesian estimation, Fiscal policy

We build and estimate open economy two-bloc DSGE models to study the transmission and impact of shocks in Russia, Saudi Arabia and the United Kingdom. After accounting for country-specific fiscal and monetary secto...

Fiscal Monitor, October 2019
			: How to Mitigate Climate Change

Fiscal Monitor, October 2019 : How to Mitigate Climate Change »

Series: Fiscal Monitor

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 October 2019

DOI: http://dx.doi.org/10.5089/9781498321228.089

ISBN: 9781498321228

Keywords: Public finance, Tax policy, Debt and growth, Fiscal policy, Low-income developing countries, Fiscal space, Tax reforms, Use taxes, Production, climate change; mitigation efforts; global warming; Paris Agreement; CO2; carbon dioxide; feebates; carbon taxes; carbon taxation; fossil fuel emissions; emissions; emission trading systems; complementary tax; green energy; energy efficiency; air pollution; environmental benefits; G20 countries; G20

This report emphasizes the environmental, fiscal, economic, and administrative case for using carbon taxes, or similar pricing schemes such as emission trading systems, to implement climate mitigation strategies. I...

Arab Republic of Egypt
			: Fifth Review Under the Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt

Arab Republic of Egypt : Fifth Review Under the Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt »

Volume/Issue: 2019/311

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 October 2019

DOI: http://dx.doi.org/10.5089/9781513516622.002

ISBN: 9781513516622

Keywords: External sector, Unemployment, Employment, Economic conditions, Central banks, ISCR, CR, Proj, overall balance, percent of GDP

Egypt's macroeconomic situation has improved significantly since 2016. Over the last three years, the authorities have carried out an ambitious home-grown reform program that aimed to correct large external and dom...

Brunei Darussalam
			: 2019 Article IV Consultation-Press Release and Staff Report

Brunei Darussalam : 2019 Article IV Consultation-Press Release and Staff Report »

Volume/Issue: 2019/310

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 October 2019

DOI: http://dx.doi.org/10.5089/9781513516615.002

ISBN: 9781513516615

Keywords: Balance of payments, Economic indicators, Public financial management, Financial soundness indicators, Financial systems, ISCR, CR, Proj, Brunei dollar, non-oil

Brunei Darussalam's economy has been adjusting to the lower oil and gas (O&G) prices since 2014, with the authorities undertaking wide-ranging reforms. The reforms aim to ensure long-term fiscal sustainability and...

Central African Economic and Monetary Community (CEMAC)
			: Common Policies in Support of Member Countries Reform Programs

Central African Economic and Monetary Community (CEMAC) : Common Policies in Support of Member Countries Reform Programs »

Volume/Issue: 2019/215

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 October 2019

Language: French

DOI: http://dx.doi.org/10.5089/9781513516554.002

ISBN: 9781513516554

Keywords: Central banks, Monetary policy, Bank liquidity, External sector, Monetary policy operational framework, Macroprudential policies and financial stability, CEMAC, BEAC, Proj, CEMAC country

The regional strategy has helped stabilize the regional economic position thanks to large fiscal consolidation efforts, a tighter monetary policy, and external financial assistance. The external position improved,...

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

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

Volume/Issue: 2019/309

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 October 2019

DOI: http://dx.doi.org/10.5089/9781513516523.002

ISBN: 9781513516523

Thailand's robust policy framework and ample buffers continue to underpin its resilience to external headwinds. The authorities have taken measures to strengthen medium-term fiscal management and financial stabilit...

Thailand
			: Financial System Stability Assessment

Thailand : Financial System Stability Assessment »

Volume/Issue: 2019/308

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 October 2019

DOI: http://dx.doi.org/10.5089/9781513516486.002

ISBN: 9781513516486

Banks represent a sizable share of the financial sector in Thailand, but other deposit-taking institutions and NBFIs have grown significantly in the last decade. While assets of banks represented 46 percent of tota...

International Monetary Fund Annual Report 2019 Financial Statements

International Monetary Fund Annual Report 2019 Financial Statements »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2019

DOI: http://dx.doi.org/10.5089/9781513511726.011

ISBN: 9781513511726

The audited consolidated financial statements of the International Monetary Fund as of April 30, 2019 and 2018...

International Monetary Fund Annual Report 2019

International Monetary Fund Annual Report 2019 »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund. Secretary's Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2019

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781498321747.011

ISBN: 9781498321747

Keywords: Foreign trade, Commodities, Corruption, Debt management, Financial safety nets, Productivity, Sustainable development, Gender, Income inequality, Poverty and inequality

International Monetary Fund Annual Report 2019....

International Monetary Fund Annual Report 2019

International Monetary Fund Annual Report 2019 »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund. Secretary's Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2019

Language: Chinese

DOI: http://dx.doi.org/10.5089/9781498321600.011

ISBN: 9781498321600

Keywords: Foreign trade, Commodities, Corruption, Debt management, Financial safety nets, Productivity, Sustainable development, Gender, Income inequality, Poverty and inequality

International Monetary Fund Annual Report 2019....

International Monetary Fund Annual Report 2019

International Monetary Fund Annual Report 2019 »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund. Secretary's Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2019

DOI: http://dx.doi.org/10.5089/9781498321563.011

ISBN: 9781498321563

Keywords: Foreign trade, Commodities, Corruption, Debt management, Financial safety nets, Productivity, Sustainable development, Gender, Income inequality, Poverty and inequality

International Monetary Fund Annual Report 2019....

International Monetary Fund Annual Report 2019

International Monetary Fund Annual Report 2019 »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund. Secretary's Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2019

Language: Arabic

DOI: http://dx.doi.org/10.5089/9781498321594.011

ISBN: 9781498321594

Keywords: Foreign trade, Commodities, Corruption, Debt management, Financial safety nets, Productivity, Sustainable development, Gender, Income inequality, Poverty and inequality

International Monetary Fund Annual Report 2019....

International Monetary Fund Annual Report 2019

International Monetary Fund Annual Report 2019 »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund. Secretary's Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2019

Language: German

DOI: http://dx.doi.org/10.5089/9781498321617.011

ISBN: 9781498321617

Keywords: Foreign trade, Commodities, Corruption, Debt management, Financial safety nets, Productivity, Sustainable development, Gender, Income inequality, Poverty and inequality

International Monetary Fund Annual Report 2019....

International Monetary Fund Annual Report 2019

International Monetary Fund Annual Report 2019 »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund. Secretary's Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2019

Language: Japanese

DOI: http://dx.doi.org/10.5089/9781498321624.011

ISBN: 9781498321624

Keywords: Foreign trade, Commodities, Corruption, Debt management, Financial safety nets, Productivity, Sustainable development, Gender, Income inequality, Poverty and inequality

International Monetary Fund Annual Report 2019....

International Monetary Fund Annual Report 2019

International Monetary Fund Annual Report 2019 »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund. Secretary's Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2019

Language: Russian

DOI: http://dx.doi.org/10.5089/9781498321631.011

ISBN: 9781498321631

Keywords: Foreign trade, Commodities, Corruption, Debt management, Financial safety nets, Productivity, Sustainable development, Gender, Income inequality, Poverty and inequality

International Monetary Fund Annual Report 2019....

Rapport annuel 2019 du Fonds monétaire international

Rapport annuel 2019 du Fonds monétaire international »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund. Secretary's Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2019

Language: French

DOI: http://dx.doi.org/10.5089/9781498321570.011

ISBN: 9781498321570

Keywords: Foreign trade, Commodities, Corruption, Debt management, Financial safety nets, Productivity, Sustainable development, Gender, Income inequality, Poverty and inequality

Rapport annuel 2019 du Fonds monétaire international...

Albania
			: Technical Assistance Report-Monetary and Financial Statistics and Financial Accounts Mission

Albania : Technical Assistance Report-Monetary and Financial Statistics and Financial Accounts Mission »

Volume/Issue: 2019/307

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 October 2019

DOI: http://dx.doi.org/10.5089/9781513516387.002

ISBN: 9781513516387

Keywords: Financial soundness indicators, Financial statistics, Monetary statistics, International investment position, Financial statements, ISCR, CR, flow-based, boa, MFS

In response to a request from the Bank of Albania (BOA) and with the support of the IMF's European Department, a monetary and financial statistics (MFS) and financial accounts technical assistance (TA) mission visi...

Georgia
			: Technical Assistance Report-External Sector Statistics Mission

Georgia : Technical Assistance Report-External Sector Statistics Mission »

Volume/Issue: 2019/306

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2019

DOI: http://dx.doi.org/10.5089/9781513516035.002

ISBN: 9781513516035

Keywords: Financial statistics, Balance of payments, International investment position, Balance of payments statistics, External sector statistics, ISCR, CR, IIP, crypto, direct investment

An external sector statistics (ESS) technical assistance (TA) mission visited the National Statistics Office of Georgia (Geostat) in Tbilisi, Georgia, during May 6-10, 2019. It was undertaken at the request of Geos...

Financial Repression is Knocking at the Door, Again

Financial Repression is Knocking at the Door, Again »

Volume/Issue: 2019/211

Series: IMF Working Papers

Author(s): Etibar Jafarov , Rodolfo Maino , and Marco Pani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2019

DOI: http://dx.doi.org/10.5089/9781513512488.001

ISBN: 9781513512488

Keywords: Financial crises, Economic stabilization, Interest rates on deposits, Interest rates on loans, Financial statistics, Financial Repression, Financial Liberalization, Financial Regulations, Growth., WP

Financial repression (legal restrictions on interest rates, credit allocation, capital movements, and other financial operations) was widely used in the past but was largely abandoned in the liberalization wave of...

State-Owned Enterprises in Bosnia and Herzegovina: Assessing Performance and Oversight

State-Owned Enterprises in Bosnia and Herzegovina: Assessing Performance and Oversight »

Volume/Issue: 2019/201

Series: IMF Working Papers

Author(s): Bobana Cegar , and Francisco Parodi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2019

Language: Bosnian

DOI: http://dx.doi.org/10.5089/9781513515977.001

ISBN: 9781513515977

Keywords: State-Owned Enterprises, Bosnia and Herzegovina, Financial Performance, SOE Governance

Based on a new database of State-Owned Enterprise (SOE) financial statements, we find that SOEs in Bosnia and Herzegovina are mostly in poor financial shape. We estimate the overall size and composition of the SOE...

Digital Connectivity in sub-Saharan Africa: A Comparative Perspective

Digital Connectivity in sub-Saharan Africa: A Comparative Perspective »

Volume/Issue: 2019/210

Series: IMF Working Papers

Author(s): Emre Alper , and Michal Miktus

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2019

DOI: http://dx.doi.org/10.5089/9781513514604.001

ISBN: 9781513514604

Keywords: Real sector, Regional economics, National accounts, Balance of payments, Gross capital formation, Digitalization, unsupervised machine learning, fractional logit model, WP, SSA

Higher digital connectivity is expected to bring opportunities to leapfrog development in sub-Saharan Africa (SSA). Experience within the region demonstrates that if there is an adequate digital infrastructure and...

Private Sector Job Creation in MENA: Prioritizing the Reform Agenda

Private Sector Job Creation in MENA: Prioritizing the Reform Agenda »

Volume/Issue: 2019/206

Series: IMF Working Papers

Author(s): Benedicte Baduel , Carolin Geginat , and Gaelle Pierre

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2019

DOI: http://dx.doi.org/10.5089/9781513512228.001

ISBN: 9781513512228

Keywords: Labor market regulations, Labor productivity, Economic conditions, Job creation, Labor force, Bénédicte Baduel, Carolin Geginat and Gaëlle Pierre, WP, Mena, structural constraint

This paper examines the extent to which firms in selected MENA countries reported being constrained by the business environment around the time of the Arab Spring and the extent to which these constraints affected...

SME Financial Inclusion for Sustained Growth in the Middle East and Central Asia

SME Financial Inclusion for Sustained Growth in the Middle East and Central Asia »

Volume/Issue: 2019/209

Series: IMF Working Papers

Author(s): Mishel Ghassibe , Maximiliano Appendino , and Samir Elsadek Mahmoudi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2019

DOI: http://dx.doi.org/10.5089/9781513509112.001

ISBN: 9781513509112

Keywords: Financial crises, Real sector, Financial inclusion, Labor productivity, Economic growth, Small and Medium Sized Enterprises, Economic Grow, WP, central Asia region, SMEs

This paper offers empirical evidence that greater financial inclusion of small and medium enterprises (SMEs) can promote higher economic growth and employment, especially in the Middle East and Central Asia regions...

The Riskiness of Credit Allocation and Financial Stability

The Riskiness of Credit Allocation and Financial Stability »

Volume/Issue: 2019/207

Series: IMF Working Papers

Author(s): Luis Brandao-Marques , Qianying Chen , Claudio Raddatz , Jérôme Vandenbussche , and Peichu Xie

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2019

DOI: http://dx.doi.org/10.5089/9781513513775.001

ISBN: 9781513513775

Keywords: Real effective exchange rates, Financial crises, Economic conditions, Credit booms, Credit expansion, Corporate debt, credit allocation, credit risk, financial leverage, financial vulnerability

We explore empirically how the time-varying allocation of credit across firms with heterogeneous credit quality matters for financial stability outcomes. Using firm-level data for 55 countries over 1991-2016, we sh...

VAT Notches, Voluntary Registration, and Bunching: Theory and UK Evidence

VAT Notches, Voluntary Registration, and Bunching: Theory and UK Evidence »

Volume/Issue: 2019/205

Series: IMF Working Papers

Author(s): Li Liu , Ben Lockwood , Miguel Almunia , and Eddy Tam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2019

DOI: http://dx.doi.org/10.5089/9781513513812.001

ISBN: 9781513513812

Keywords: Tax revenue, Income tax revenue, Personal income taxes, Corporate income taxes, Tax systems, Value-Added Tax (VAT), Voluntary Registration, Bunching, WP, vat

Using administrative tax records for UK businesses, we document both bunching in annual turnover below the VAT registration threshold and persistent voluntary registration by almost half of the firms below the thre...

What Happens if Central Banks Misdiagnose a Slowdown in Potential Output

What Happens if Central Banks Misdiagnose a Slowdown in Potential Output »

Volume/Issue: 2019/208

Series: IMF Working Papers

Author(s): Bas Bakker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2019

DOI: http://dx.doi.org/10.5089/9781513512532.001

ISBN: 9781513512532

Keywords: Real sector, Real interest rates, Return on investment, Unemployment, Investment, Monetary policy, potential output, Solow-Swan, WP, investment rate

In the last few decades, real GDP growth and investment in advanced countries have declined in tandem. This slowdown was not the result of weak demand (there has been no shift along the Okun curve), but of a declin...

Multiple Dimensions of Human Development Index and Public Social Spending for Sustainable Development

Multiple Dimensions of Human Development Index and Public Social Spending for Sustainable Development »

Volume/Issue: 2019/204

Series: IMF Working Papers

Author(s): Iana Paliova , Robert McNown , and Grant Nülle

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 2019

DOI: http://dx.doi.org/10.5089/9781513511924.001

ISBN: 9781513511924

Keywords: Equity and social spending, Economic conditions, National income, Economic growth, Social indicators, Human Development, Well-being, Public Expenditure, WP, GNI

Multidimensional assessment of human development is increasingly recognized as playing an important role in assessing well-being. The focus of analysis is on the indicators measuring the three dimensions of Human D...

Republic of Moldova
			: Fourth and Fifth Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements, Completion of the Inflation Consultation, and Request for Extension of the Arrangements and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Moldova

Republic of Moldova : Fourth and Fifth Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements, Completion of the Inflation Consultation, and Request for Extension of the Arrangements and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Moldova »

Volume/Issue: 2019/305

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2019

DOI: http://dx.doi.org/10.5089/9781513515434.002

ISBN: 9781513515434

Keywords: External sector, Macroprudential policies and financial stability, Fiscal policy, Financial sector reform, Credit, ISCR, CR, NBM, percent of GDP, Proj

The economy continued to strengthen. Robust growth in 2018 was propelled by infrastructure and private investments, while private consumption continued to expand into 2019, supported by growing real incomes and ban...

The Power of Partnership: Selected Speeches by Christine Lagarde, 2011-2019

The Power of Partnership: Selected Speeches by Christine Lagarde, 2011-2019 »

Series: Books

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2019

DOI: http://dx.doi.org/10.5089/9781513509907.071

ISBN: 9781513509907

Keywords: Financial crises, Macroprudential policies and financial stability, Economic stabilization, Economic growth, Poverty, BOOK, IMF, advanced economy, global economy, inequality

A compilation of selected speeches by IMF Managing Director Christine Lagarde....

Frontiers of Economic Policy Communications

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: 24 September 2019

Language: Russian

DOI: http://dx.doi.org/10.5089/9781513510613.087

ISBN: 9781513510613

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...

Cybersecurity Risk Supervision

Cybersecurity Risk Supervision »

Volume/Issue: 2019/15

Series: Departmental Papers / Policy Papers

Author(s): Tamas Gaidosch , Frank Adelmann , Anastasiia Morozova , and Christopher Wilson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 September 2019

DOI: http://dx.doi.org/10.5089/9781513507545.087

ISBN: 9781513507545

Keywords: Financial services, Financial sector oversight, Banking supervision, Risk management, Systemically important financial institutions, Financial systems, Macroprudential policies and financial stability, Financial markets, Cybersecurity, Cyber risks

This paper highlights the emerging supervisory practices that contribute to effective cybersecurity risk supervision, with an emphasis on how these practices can be adopted by those agencies that are at an early st...

Chile
			: Informe de Asistencia Técnica-Adopción e institucionalización de las revisiones del gasto

Chile : Informe de Asistencia Técnica-Adopción e institucionalización de las revisiones del gasto »

Volume/Issue: 2019/271

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 September 2019

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781513512020.002

ISBN: 9781513512020

Keywords: ISCR, CR, SRs, budget process, SRU, ex-ante, medium-term

El Gobierno de Chile ha anunciado que está comprometido a alcanzar su meta fiscal y contener el crecimiento del gasto. El objetivo de la meta fiscal es reducir el déficit estructural en 0,2% del PIB en cada año del...