Browse

You are looking at 1 - 10 of 16 items for :

  • Public Finance x
  • Labour; income economics x
  • Occasional Papers x
Clear All
Mr. Alfred Schipke and Mr. Dominique Desruelle

Abstract

¿Cómo consolidar los avances logrados con tanto esfuerzo, acrecentar la capacidad de resistencia a los shocks y alcanzar un mayor crecimiento económico a fin de reducir la pobreza? Estos son los desafíos que se le presentan en el camino a América Central en el proceso de recuperación de la estabilidad macroeconómica. Este estudio analiza las políticas de América Central en los sectores real, fiscal, monetario y financiero a nivel regional, comenzando por un análisis del crecimiento y de las implicaciones macroeconómicas de las remesas. Seguidamente se abordan la sostenibilidad de los sistemas de pensiones, el desarrollo del sistema financiero, las vulnerabilidades de la deuda soberana y las formas de apoyar el avance en la reducción de la inflación fortaleciendo la credibilidad de los bancos centrales.

Mr. Alfred Schipke and Mr. Dominique Desruelle

Abstract

¿Cómo consolidar los avances logrados con tanto esfuerzo, acrecentar la capacidad de resistencia a los shocks y alcanzar un mayor crecimiento económico a fin de reducir la pobreza? Estos son los desafíos que se le presentan en el camino a América Central en el proceso de recuperación de la estabilidad macroeconómica. Este estudio analiza las políticas de América Central en los sectores real, fiscal, monetario y financiero a nivel regional, comenzando por un análisis del crecimiento y de las implicaciones macroeconómicas de las remesas. Seguidamente se abordan la sostenibilidad de los sistemas de pensiones, el desarrollo del sistema financiero, las vulnerabilidades de la deuda soberana y las formas de apoyar el avance en la reducción de la inflación fortaleciendo la credibilidad de los bancos centrales.

Mr. Alfred Schipke and Mr. Dominique Desruelle

Abstract

How to entrench hard-won gains, increase resilience to shocks, and improve growth performance to reduce poverty? As Central America moves forward in regaining macroeconomic stability, these are the challenges. This study analyzes Central America’s real, fiscal, monetary, and financial sector policies at the regional level, starting with a review of growth performance and the macroeconomic implications of remittances. It then looks at the sustainability of pension systems, financial system development, sovereign debt vulnerabilities, and ways to sustain progress in reducing inflation by strengthening the credibility of central banks.

Mr. Alfred Schipke and Mr. Dominique Desruelle

Abstract

How to entrench hard-won gains, increase resilience to shocks, and improve growth performance to reduce poverty? As Central America moves forward in regaining macroeconomic stability, these are the challenges. This study analyzes Central America’s real, fiscal, monetary, and financial sector policies at the regional level, starting with a review of growth performance and the macroeconomic implications of remittances. It then looks at the sustainability of pension systems, financial system development, sovereign debt vulnerabilities, and ways to sustain progress in reducing inflation by strengthening the credibility of central banks.

Mr. Dominique Desruelle and Mr. Alfred Schipke

Abstract

Central America has made substantial progress in regaining macroeconomic stability and has continued to integrate further both globally and at the regional level.2 The challenge now is how to entrench these gains, improve growth performance to significantly reduce poverty, and reduce vulnerabilities, including those that are associated with increased integration. This paper addresses some of these important issues. After reviewing recent developments, this chapter provides an overview of key policy issues facing Central America: economic growth, fiscal issues related to pension reform and sovereign debt structures, the development of capital markets, and monetary policy. It also briefly discusses the progress that has been made with integration and regional policy coordination.3 The subsequent chapters analyze these key issues in more depth.

Mr. Alfred Schipke and Mr. Dominique Desruelle

Abstract

Central America has made substantial progress in regaining macroeconomic stability and has continued to integrate further both globally and at the regional level.2 The challenge now is how to entrench these gains, improve growth performance to significantly reduce poverty, and reduce vulnerabilities, including those that are associated with increased integration. This paper addresses some of these important issues. After reviewing recent developments, this chapter provides an overview of key policy issues facing Central America: economic growth, fiscal issues related to pension reform and sovereign debt structures, the development of capital markets, and monetary policy. It also briefly discusses the progress that has been made with integration and regional policy coordination.3 The subsequent chapters analyze these key issues in more depth.

José Brambila Macías, Mr. Guy M Meredith, and Ivanna Vladkova Hollar

Abstract

During the period of reforms that began in the early 1990s, economic growth in Central America recovered from the poor performance of the 1980s.1 Yet, in spite of the region achieving a welcome degree of macroeconomic stability, growth in the 1990s still fell short of the record achieved in the 1960s and 1970s. It also fell short of more dynamic emerging market countries, notably in Asia. Despite the more recent stronger performance, there continue to be concerns about the region’s ability to grow at a pace that will significantly raise living standards and reduce poverty.2 Underscoring this challenge, even while the incidence of poverty edged down in the region during the 1990s, it remained well above that of Latin America as a whole at the end of the decade (Figure 2.1).

José Brambila Macías, Mr. Guy M Meredith, and Ivanna Vladkova Hollar

Abstract

During the period of reforms that began in the early 1990s, economic growth in Central America recovered from the poor performance of the 1980s.1 Yet, in spite of the region achieving a welcome degree of macroeconomic stability, growth in the 1990s still fell short of the record achieved in the 1960s and 1970s. It also fell short of more dynamic emerging market countries, notably in Asia. Despite the more recent stronger performance, there continue to be concerns about the region’s ability to grow at a pace that will significantly raise living standards and reduce poverty.2 Underscoring this challenge, even while the incidence of poverty edged down in the region during the 1990s, it remained well above that of Latin America as a whole at the end of the decade (Figure 2.1).

Mr. Kevin Fletcher and Mr. Alfred Schipke

Abstract

Public pension systems are coming under increasing financial pressure around the world. As populations age, the number of pensioners is rising relative to the number of workers in many countries, resulting in increasing pension system deficits as spending on benefits rises relative to contribution revenue.

Mr. Alfred Schipke

Abstract

Public pension systems are coming under increasing financial pressure around the world. As populations age, the number of pensioners is rising relative to the number of workers in many countries, resulting in increasing pension system deficits as spending on benefits rises relative to contribution revenue.