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Are Donor Countries Giving More or Less Aid?

Are Donor Countries Giving More or Less Aid? »

Source: Are Donor Countries Giving More or Less Aid?

Volume/Issue: 2006/1

Series: IMF Working Papers

Author(s): Sanjeev Gupta , Catherine Pattillo , and Smita Wagh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2006

ISBN: 9781451862614

Keywords: Donor Countries, Technical Cooperation, debt, aid flows, International Economic Order,

The volume of foreign aid has increased during the last four decades, albeit with interruptions in certain years. Over time, the major recipients have changed: while the share of aid to Asia has diminished since th...

Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries*

Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries* »

Source: Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries

Volume/Issue: 2014/48

Series: IMF Working Papers

Author(s): Andrew Berg , Enrico Berkes , Catherine Pattillo , Andrea Presbitero , and Yorbol Yakhshilikov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

ISBN: 9781475579772

Keywords: DSF, Sovereign debt crises, debt thresholds, external debt, debt crises, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Macroeconomic Analyses of Economic Development,

The World Bank and the IMF have adopted a debt sustainability framework (DSF) to evaluate the risk of debt distress in Low Income Countries (LICs). At the core of the DSF are empirically-based thresholds for each o...

Assessing Fiscal Sustainability in Theory and Practice1

Assessing Fiscal Sustainability in Theory and Practice1 »

Source: Assessing Fiscal Sustainability in Theory and Practice

Volume/Issue: 2000/81

Series: IMF Working Papers

Author(s): Nigel Chalk , and Richard Hemming

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2000

ISBN: 9781451850352

Keywords: Government deficits and debt, present value budget constraint, sustainability indicators, fiscal sustainability, debt ratio, budget constraint, primary deficit

The main purpose of this paper is to provide an overview of approaches to assessing fiscal sustainability. It summarizes the general analytical background, focusing on the present value budget constraint, which is...

Central Bank Vulnerability and the Credibility of Commitments

Central Bank Vulnerability and the Credibility of Commitments »

Source: Central Bank Vulnerability and the Credibility of Commitments : A Value-at-Risk Approach to Currency Crises

Volume/Issue: 1998/65

Series: IMF Working Papers

Author(s): Liliana Schumacher , and Mario Bléjer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1998

ISBN: 9781451962659

Keywords: Central banking, financial vulnerability, value at risk, currency crises, central bank, domestic currency, foreign debt

A loss of solvency increases central bank vulnerability, reducing the credibility of commitments to defend a nominal regime, including an exchange rate peg. This paper develops a methodology to assess central bank...

Coordinating Public Debt and Monetary Management During Financial Reforms

Coordinating Public Debt and Monetary Management During Financial Reforms »

Source: Coordinating Public Debt and Monetary Management During Financial Reforms

Volume/Issue: 1992/84

Series: IMF Working Papers

Author(s): Sérgio Leite

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1992

ISBN: 9781451954395

Keywords: central bank, government securities, public debt, monetary management

The paper analyzes the interplay between public debt and monetary management during financial reforms, and provides suggestions on collaboration between the central bank and the treasury to achieve common objective...

The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition

The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition »

Source: The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition : Issues and Lessons From Experience

Volume/Issue: 1994/148

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1994

ISBN: 9781451856774

Keywords: central bank, debt management, government securities, monetary management, central banks

In economies in transition, the development of financial markets is a common objective linking the monetary and fiscal authorities, while monetary and public debt management cannot be strictly separated. This calls...

The Corporation of Foreign Bondholders

The Corporation of Foreign Bondholders »

Source: The Corporation of Foreign Bondholders

Volume/Issue: 2003/107

Series: IMF Working Papers

Author(s): Paolo Mauro , and Yishay Yafeh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2003

ISBN: 9781451853001

Keywords: foreign bondholders, bond finance, creditor coordination, bondholders, bonds, debt, creditors, creditor, Financial Aspects of Economic Integration, Economic History: Financial Markets and Institutions: General

This paper analyzes the Corporation of Foreign Bondholders (CFB), an association of British investors holding bonds issued by foreign governments. The CFB played a key role during the heyday of international bond f...

Economic Announcements and the Timing of Public Debt Auctions

Economic Announcements and the Timing of Public Debt Auctions »

Source: Economic Announcements and the Timing of Public Debt Auctions

Volume/Issue: 1998/44

Series: IMF Working Papers

Author(s): Marco Rossi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1998

ISBN: 9781451846386

Keywords: debt management, public debt auctions, financial markets efficiency, monetary aggregates, bond, government securities, bond prices

Most treasuries around the world sell their securities at auctions either directly or indirectly through an agent, usually the central bank. Although they can control both the rules and the timing of the auction, t...

An Empirical Analysis of Fiscal Adjustments

An Empirical Analysis of Fiscal Adjustments »

Source: An Empirical Analysis of Fiscal Adjustments

Volume/Issue: 1996/59

Series: IMF Working Papers

Author(s): Robert Westcott , and C. McDermott

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1996

ISBN: 9781451965957

Keywords: fiscal consolidation, expenditure cuts, expenditure, fiscal policy, public debt

This study uses the fiscal expansion and consolidation experiences of the industrial countries over the period 1970 to 1995 to examine the interplay between fiscal adjustments and economic performance. A key findin...

Empirical Evidence on the New International Aid Architecture

Empirical Evidence on the New International Aid Architecture »

Source: Empirical Evidence on the New International Aid Architecture

Volume/Issue: 2007/277

Series: IMF Working Papers

Author(s): Danny Cassimon , Stijn Claessens , and Bjorn Van Campenhout

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2007

ISBN: 9781451868401

Keywords: Development aid, aid allocation, selectivity, HIPC, PRSP, aid architecture, debt, bilateral debt, debt reduction, multilateral debt,

We study how 22 donors allocate their bilateral aid among 147 recipient countries over the 1970- 2004 period to investigate whether changes in the international aid architecture?at the international and country lev...