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Hang in There: Stock Market Reactions to Withdrawals of COVID-19 Stimulus Measures

Hang in There: Stock Market Reactions to Withdrawals of COVID-19 Stimulus Measures »

Source: Hang in There: Stock Market Reactions to Withdrawals of COVID-19 Stimulus Measures

Volume/Issue: 2020/285

Series: IMF Working Papers

Author(s): Jorge Chan-Lau , and Yunhui Zhao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

ISBN: 9781513564753

Keywords: Asset prices, Fiscal space, COVID-19 , Stock markets, Fiscal stance, stock prices, event study, exit strategy, WP, government support

The COVID-19 pandemic prompted unprecedented economic stimulus worldwide. We empirically examine the impact of a withdrawal of fiscal stimulus policies on the stock markets. After constructing a database of withdra...

Hang in There: Stock Market Reactions to Withdrawals of COVID-19 Stimulus Measures

Hang in There: Stock Market Reactions to Withdrawals of COVID-19 Stimulus Measures »

Volume/Issue: 2020/285

Series: IMF Working Papers

Author(s): Jorge Chan-Lau , and Yunhui Zhao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

DOI: http://dx.doi.org/10.5089/9781513564753.001

ISBN: 9781513564753

Keywords: Asset prices, Fiscal space, COVID-19 , Stock markets, Fiscal stance, stock prices, event study, exit strategy, WP, government support

The COVID-19 pandemic prompted unprecedented economic stimulus worldwide. We empirically examine the impact of a withdrawal of fiscal stimulus policies on the stock markets. After constructing a database of withdra...

Fiscal Resilience Building: Insights from a New Tax Revenue Diversification Index1

Fiscal Resilience Building: Insights from a New Tax Revenue Diversification Index1 »

Source: Fiscal Resilience Building: Insights from a New Tax Revenue Diversification Index

Volume/Issue: 2020/94

Series: IMF Working Papers

Author(s): Rasmané Ouedraogo , Rene Tapsoba , Moussé Sow , and Ali Compaoré

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 June 2020

ISBN: 9781513546032

Keywords: Tax revenue, Recurrent taxes on immovable property, Recurrent taxes on net wealth, Taxes on financial and capital transactions, Fiscal policy, Revenue volatility, Taxation, Tax revenue diversification, Theil Index., WP

Does the reliance on diversified tax structure enhance resilience to fiscal risks? This paper gives an answer to this question by proposing a new cross-country tax revenue diversification index (RDI). The RDI build...

Fiscal Resilience Building: Insights from a New Tax Revenue Diversification Index

Fiscal Resilience Building: Insights from a New Tax Revenue Diversification Index »

Volume/Issue: 2020/94

Series: IMF Working Papers

Author(s): Rasmané Ouedraogo , Rene Tapsoba , Moussé Sow , and Ali Compaoré

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 June 2020

DOI: http://dx.doi.org/10.5089/9781513546032.001

ISBN: 9781513546032

Keywords: Tax revenue, Recurrent taxes on immovable property, Recurrent taxes on net wealth, Taxes on financial and capital transactions, Fiscal policy, Revenue volatility, Taxation, Tax revenue diversification, Theil Index., WP

Does the reliance on diversified tax structure enhance resilience to fiscal risks? This paper gives an answer to this question by proposing a new cross-country tax revenue diversification index (RDI). The RDI build...

Transitory and Permanent Shocks in the Global Market for Crude Oil

Transitory and Permanent Shocks in the Global Market for Crude Oil »

Volume/Issue: 2020/47

Series: IMF Working Papers

Author(s): Nooman Rebei , and Rashid Sbia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2020

DOI: http://dx.doi.org/10.5089/9781513528601.001

ISBN: 9781513528601

Keywords: Oil prices, Supply and demand, Oil production, Purchasing power parity, Real sector, Oil market, Vector autoregressions, Narrative analysis, Bayesian estimation, Kalman filtering

This paper documents the determinants of real oil price in the global market based on SVAR model embedding transitory and permanent shocks on oil demand and supply as well as speculative disturbances. We find evide...

Transitory and Permanent Shocks in the Global Market for Crude Oil1

Transitory and Permanent Shocks in the Global Market for Crude Oil1 »

Source: Transitory and Permanent Shocks in the Global Market for Crude Oil

Volume/Issue: 2020/47

Series: IMF Working Papers

Author(s): Nooman Rebei , and Rashid Sbia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2020

ISBN: 9781513528601

Keywords: Oil prices, Supply and demand, Oil production, Purchasing power parity, Real sector, Oil market, Vector autoregressions, Narrative analysis, Bayesian estimation, Kalman filtering

This paper documents the determinants of real oil price in the global market based on SVAR model embedding transitory and permanent shocks on oil demand and supply as well as speculative disturbances. We find evide...

Bank Capital and the Cost of Equity

Bank Capital and the Cost of Equity »

Source: Bank Capital and the Cost of Equity

Volume/Issue: 2019/265

Series: IMF Working Papers

Author(s): Mohamed Belkhir , Sami Ben Naceur , Ralph Chami , and Anis Semet

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 December 2019

ISBN: 9781513519807

Keywords: Financial statistics, Financial crises, Bank capital, Stock markets, Capital regulation, Cost of equity, Banking regulation, Financial stability, WP, Coe

Using a sample of publicly listed banks from 62 countries over the 1991-2017 period, we investigate the impact of capital on banks' cost of equity. Consistent with the theoretical prediction that more equity in the...

Bank Capital and the Cost of Equity

Bank Capital and the Cost of Equity »

Volume/Issue: 2019/265

Series: IMF Working Papers

Author(s): Mohamed Belkhir , Sami Ben Naceur , Ralph Chami , and Anis Semet

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 December 2019

DOI: http://dx.doi.org/10.5089/9781513519807.001

ISBN: 9781513519807

Keywords: Financial statistics, Financial crises, Bank capital, Stock markets, Capital regulation, Cost of equity, Banking regulation, Financial stability, WP, Coe

Using a sample of publicly listed banks from 62 countries over the 1991-2017 period, we investigate the impact of capital on banks' cost of equity. Consistent with the theoretical prediction that more equity in the...

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...

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

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

Source: 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

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...

Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)-Statistical Update

Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)-Statistical Update »

Source: Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)-Statistical Update

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund;World Bank

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 August 2019

ISBN: 9781513510095

Keywords: Heavily indebted poor countries, Domestic debt, External sector data, Debt relief, Public debt, HIPC, HIPC initiative, annex III, creditor, indebted poor country

This report reviews developments in the implementation of the Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI). It also provides updates on debt service and poverty-r...

Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)-Statistical Update

Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)-Statistical Update »

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund;World Bank

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 August 2019

DOI: http://dx.doi.org/10.5089/9781513510095.007

ISBN: 9781513510095

Keywords: Heavily indebted poor countries, Domestic debt, External sector data, Debt relief, Public debt, HIPC, HIPC initiative, annex III, creditor, indebted poor country

This report reviews developments in the implementation of the Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI). It also provides updates on debt service and poverty-r...

The Revised EBA-Lite Methodology

The Revised EBA-Lite Methodology »

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2019

DOI: http://dx.doi.org/10.5089/9781498324373.007

ISBN: 9781498324373

Keywords: National income, External sector, Economic growth, Public sector investments, Credit, public health expenditure, WEO, health expenditure, Eba, desirable level

The Methodology review identified three broad areas for improving the EBA-Lite methodology: (1) expanding the fundamentals and policy determinants in the CA and REER regressions to better capture the external balan...

The Revised EBA-Lite Methodology

The Revised EBA-Lite Methodology »

Source: The Revised EBA-Lite Methodology

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2019

ISBN: 9781498324373

Keywords: National income, External sector, Economic growth, Public sector investments, Credit, public health expenditure, WEO, health expenditure, Eba, desirable level

The Methodology review identified three broad areas for improving the EBA-Lite methodology: (1) expanding the fundamentals and policy determinants in the CA and REER regressions to better capture the external balan...

Rethinking Fiscal Policy in Oil-Exporting Countries

Rethinking Fiscal Policy in Oil-Exporting Countries »

Volume/Issue: 2019/108

Series: IMF Working Papers

Author(s): Tokhir Mirzoev , and Ling Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 May 2019

DOI: http://dx.doi.org/10.5089/9781498314749.001

ISBN: 9781498314749

Keywords: Consumption, Public investments, Poverty, Capital, Real interest rates, Fiscal policy, oil exporters, permanent income hypothesis, fiscal rules, PIH

We examine the existing fiscal policy paradigm in commodity-exporting countries. First, we argue that its centerpiece-the permanent income hypothesis (PIH)-is not consistent with either intergenerational equity or...

Rethinking Fiscal Policy in Oil-Exporting Countries1

Rethinking Fiscal Policy in Oil-Exporting Countries1 »

Source: Rethinking Fiscal Policy in Oil-Exporting Countries

Volume/Issue: 2019/108

Series: IMF Working Papers

Author(s): Tokhir Mirzoev , and Ling Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 May 2019

ISBN: 9781498314749

Keywords: Consumption, Public investments, Poverty, Capital, Real interest rates, Fiscal policy, oil exporters, permanent income hypothesis, fiscal rules, PIH

We examine the existing fiscal policy paradigm in commodity-exporting countries. First, we argue that its centerpiece-the permanent income hypothesis (PIH)-is not consistent with either intergenerational equity or...

Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates

Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates »

Source: Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates

Volume/Issue: 2019/89

Series: IMF Working Papers

Author(s): David Coady , Ian Parry , Nghia-Piotr Le , and Baoping Shang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 May 2019

ISBN: 9781484393178

Keywords: Gasoline prices, Consumer subsidies, Sustainable development, Energy prices, Fossil fuels, energy subsidies, efficient taxation, revenue, environment, deadweight loss

This paper updates estimates of fossil fuel subsidies, defined as fuel consumption times the gap between existing and efficient prices (i.e., prices warranted by supply costs, environmental costs, and revenue consi...

Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates

Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates »

Volume/Issue: 2019/89

Series: IMF Working Papers

Author(s): David Coady , Ian Parry , Nghia-Piotr Le , and Baoping Shang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 May 2019

DOI: http://dx.doi.org/10.5089/9781484393178.001

ISBN: 9781484393178

Keywords: Gasoline prices, Consumer subsidies, Sustainable development, Energy prices, Fossil fuels, energy subsidies, efficient taxation, revenue, environment, deadweight loss

This paper updates estimates of fossil fuel subsidies, defined as fuel consumption times the gap between existing and efficient prices (i.e., prices warranted by supply costs, environmental costs, and revenue consi...

IMF Executive Board Reviews Fiscal Policies for Paris Climate Strategies

IMF Executive Board Reviews Fiscal Policies for Paris Climate Strategies »

Source: Fiscal Policies for Paris Climate Strategies-from Principle to Practice

Volume: 19

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2019

ISBN: 9781498311717

Keywords: Fiscal policy, Climate policy, Paris Club, Greenhouse emissions, Sustainable development, National budgets, Climatic changes, Debt sustainability, climate mitigation, Paris Agreement

This paper discusses the role of, and provides practical country-level guidance on, fiscal policies for implementing climate strategies using a unique and transparent tool laying out trade-offs among policy options...

Fiscal Policies for Paris Climate Strategies-from Principle to Practice

Fiscal Policies for Paris Climate Strategies-from Principle to Practice »

Volume: 19

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2019

DOI: http://dx.doi.org/10.5089/9781498311717.007

ISBN: 9781498311717

Keywords: Fiscal policy, Climate policy, Paris Club, Greenhouse emissions, Sustainable development, National budgets, Climatic changes, Debt sustainability, climate mitigation, Paris Agreement

This paper discusses the role of, and provides practical country-level guidance on, fiscal policies for implementing climate strategies using a unique and transparent tool laying out trade-offs among policy options...

IMF Policy Paper: Fiscal Policies for Paris Climate Strategies—from Principle to Practice

IMF Policy Paper: Fiscal Policies for Paris Climate Strategies—from Principle to Practice »

Source: Fiscal Policies for Paris Climate Strategies-from Principle to Practice

Volume: 19

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2019

ISBN: 9781498311717

Keywords: Fiscal policy, Climate policy, Paris Club, Greenhouse emissions, Sustainable development, National budgets, Climatic changes, Debt sustainability, climate mitigation, Paris Agreement

This paper discusses the role of, and provides practical country-level guidance on, fiscal policies for implementing climate strategies using a unique and transparent tool laying out trade-offs among policy options...

Nonlinearity Between the Shadow Economy and Level of Development

Nonlinearity Between the Shadow Economy and Level of Development »

Volume/Issue: 2019/48

Series: IMF Working Papers

Author(s): Dong Frank Wu , and Friedrich Schneider

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2019

DOI: http://dx.doi.org/10.5089/9781484399613.001

ISBN: 9781484399613

Keywords: Shadow economy, National income, Social safety nets, Labor market flexibility, Economic growth, institutional factor, non-institutional, regression, long-run, country group

This paper is the first attempt to directly explore the long-run nonlinear relationship between the shadow economy and level of development. Using a dataset of 158 countries over the period from 1996 to 2015, our r...

Nonlinearity Between the Shadow Economy and Level of Development*

Nonlinearity Between the Shadow Economy and Level of Development* »

Source: Nonlinearity Between the Shadow Economy and Level of Development

Volume/Issue: 2019/48

Series: IMF Working Papers

Author(s): Dong Frank Wu , and Friedrich Schneider

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2019

ISBN: 9781484399613

Keywords: Shadow economy, National income, Social safety nets, Labor market flexibility, Economic growth, institutional factor, non-institutional, regression, long-run, country group

This paper is the first attempt to directly explore the long-run nonlinear relationship between the shadow economy and level of development. Using a dataset of 158 countries over the period from 1996 to 2015, our r...

Financial Inclusion of Small and Medium-Sized Enterprises in the Middle East and Central Asia

Financial Inclusion of Small and Medium-Sized Enterprises in the Middle East and Central Asia »

Volume/Issue: 2019/2

Series: Departmental Papers / Policy Papers

Author(s): Nicolas Blancher , Maximiliano Appendino , Aidyn Bibolov , Armand Fouejieu , Jiawei Li , Anta Ndoye , Alexandra Panagiotakopoulou , Wei Shi , and Tetyana Sydorenko

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 February 2019

Language: Russian

DOI: http://dx.doi.org/10.5089/9781484396964.087

ISBN: 9781484396964

Keywords: Financial inclusion, Middle East and Central Asia, Business enterprises, Financial regulation and supervision, Bank credit, Central banks, Financial statistics, Monetary authorities, Small and Medium Enterprises, SME

The importance of financial inclusion is increasingly recognized by policymakers around the world. Small and medium-sized enterprise (SME) financial inclusion, in particular, is at the core of the economic diversif...

Financial Inclusion of Small and Medium-Sized Enterprises in the Middle East and Central Asia

Financial Inclusion of Small and Medium-Sized Enterprises in the Middle East and Central Asia »

Source: Financial Inclusion of Small and Medium-Sized Enterprises in the Middle East and Central Asia

Volume/Issue: 2019/2

Series: Departmental Papers / Policy Papers

Author(s): Nicolas Blancher , Maximiliano Appendino , Aidyn Bibolov , Armand Fouejieu , Jiawei Li , Anta Ndoye , Alexandra Panagiotakopoulou , Wei Shi , and Tetyana Sydorenko

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 February 2019

Language: Russian

ISBN: 9781484396964

Keywords: Financial inclusion, Middle East and Central Asia, Business enterprises, Financial regulation and supervision, Bank credit, Central banks, Financial statistics, Monetary authorities, Small and Medium Enterprises, SME

The importance of financial inclusion is increasingly recognized by policymakers around the world. Small and medium-sized enterprise (SME) financial inclusion, in particular, is at the core of the economic diversif...

Financial Inclusion of Small and Medium-Sized Enterprises in the Middle East and Central Asia

Financial Inclusion of Small and Medium-Sized Enterprises in the Middle East and Central Asia »

Source: Financial Inclusion of Small and Medium-Sized Enterprises in the Middle East and Central Asia

Volume/Issue: 2019/2

Series: Departmental Papers / Policy Papers

Author(s): Nicolas Blancher , Maximiliano Appendino , Aidyn Bibolov , Armand Fouejieu , Jiawei Li , Anta Ndoye , Alexandra Panagiotakopoulou , Wei Shi , and Tetyana Sydorenko

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2019

ISBN: 9781484383124

Keywords: Financial inclusion, Middle East and Central Asia, Business enterprises, Financial regulation and supervision, Bank credit, Central banks, Financial statistics, Monetary authorities, Small and Medium Enterprises, SME

The importance of financial inclusion is increasingly recognized by policymakers around the world. Small and medium-sized enterprise (SME) financial inclusion, in particular, is at the core of the economic diversif...

Financial Inclusion of Small and Medium-Sized Enterprises in the Middle East and Central Asia

Financial Inclusion of Small and Medium-Sized Enterprises in the Middle East and Central Asia »

Volume/Issue: 2019/2

Series: Departmental Papers / Policy Papers

Author(s): Nicolas Blancher , Maximiliano Appendino , Aidyn Bibolov , Armand Fouejieu , Jiawei Li , Anta Ndoye , Alexandra Panagiotakopoulou , Wei Shi , and Tetyana Sydorenko

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2019

DOI: http://dx.doi.org/10.5089/9781484383124.087

ISBN: 9781484383124

Keywords: Financial inclusion, Middle East and Central Asia, Business enterprises, Financial regulation and supervision, Bank credit, Central banks, Financial statistics, Monetary authorities, Small and Medium Enterprises, SME

The importance of financial inclusion is increasingly recognized by policymakers around the world. Small and medium-sized enterprise (SME) financial inclusion, in particular, is at the core of the economic diversif...

IMF Executive Board Discusses the Fund’s Strategy on Anti-Money Laundering and Combating the Financing of Terrorism

IMF Executive Board Discusses the Fund’s Strategy on Anti-Money Laundering and Combating the Financing of Terrorism »

Source: Review of the Fund's Strategy on Anti-Money Laundering and Combating the Financing of Terrorism

Volume: 19

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 February 2019

ISBN: 9781513510286

Keywords: Money laundering, Anti-money laundering, Combating the financing of terrorism, Financial sector, Macroprudential policies and financial stability, CFT, AML, FATF, financial integrity, article IV consultation

The staff report provides an overview of the Fund's AML/CFT program, since the last review conducted in 2014 and seeks the endorsement of the Executive Board to continue on the basis of the directions given in 2014...

Review of the Fund's Strategy on Anti-Money Laundering and Combating the Financing of Terrorism

Review of the Fund's Strategy on Anti-Money Laundering and Combating the Financing of Terrorism »

Volume: 19

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 February 2019

DOI: http://dx.doi.org/10.5089/9781513510286.007

ISBN: 9781513510286

Keywords: Money laundering, Anti-money laundering, Combating the financing of terrorism, Financial sector, Macroprudential policies and financial stability, CFT, AML, FATF, financial integrity, article IV consultation

The staff report provides an overview of the Fund's AML/CFT program, since the last review conducted in 2014 and seeks the endorsement of the Executive Board to continue on the basis of the directions given in 2014...

Review of the Fund’s Strategy on Anti-money Laundering and Combating the Financing of Terrorism

Review of the Fund’s Strategy on Anti-money Laundering and Combating the Financing of Terrorism »

Source: Review of the Fund's Strategy on Anti-Money Laundering and Combating the Financing of Terrorism

Volume: 19

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 February 2019

ISBN: 9781513510286

Keywords: Money laundering, Anti-money laundering, Combating the financing of terrorism, Financial sector, Macroprudential policies and financial stability, CFT, AML, FATF, financial integrity, article IV consultation

The staff report provides an overview of the Fund's AML/CFT program, since the last review conducted in 2014 and seeks the endorsement of the Executive Board to continue on the basis of the directions given in 2014...

IMF Executive Board Concludes 2018 Article IV Consultation with the United Arab Emirates

IMF Executive Board Concludes 2018 Article IV Consultation with the United Arab Emirates »

Source: United Arab Emirates : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Arab Emirates

Volume/Issue: 2019/35

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2019

ISBN: 9781484397251

Keywords: External sector, Economic growth, Central banks, Monetary authorities, National accounts, UAE, Proj, CBU, intergenerational equity, medium-term

This Article IV Consultation highlights that UAE has successfully weathered recent external shocks, because of its large financial buffers, diversified economy, and strong policy response. The economy is starting t...

United Arab Emirates
			: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Arab Emirates

United Arab Emirates : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Arab Emirates »

Volume/Issue: 2019/35

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2019

DOI: http://dx.doi.org/10.5089/9781484397251.002

ISBN: 9781484397251

Keywords: External sector, Economic growth, Central banks, Monetary authorities, National accounts, UAE, Proj, CBU, intergenerational equity, medium-term

This Article IV Consultation highlights that UAE has successfully weathered recent external shocks, because of its large financial buffers, diversified economy, and strong policy response. The economy is starting t...

Statement by Mr. Beblawi, Executive Director and Ms. Merhi, Advisor on the United Arab Emirates

Statement by Mr. Beblawi, Executive Director and Ms. Merhi, Advisor on the United Arab Emirates »

Source: United Arab Emirates : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Arab Emirates

Volume/Issue: 2019/35

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2019

ISBN: 9781484397251

Keywords: External sector, Economic growth, Central banks, Monetary authorities, National accounts, UAE, Proj, CBU, intergenerational equity, medium-term

This Article IV Consultation highlights that UAE has successfully weathered recent external shocks, because of its large financial buffers, diversified economy, and strong policy response. The economy is starting t...

United Arab Emirates: Staff Report for the 2018 Article IV Consultation

United Arab Emirates: Staff Report for the 2018 Article IV Consultation »

Source: United Arab Emirates : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Arab Emirates

Volume/Issue: 2019/35

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2019

ISBN: 9781484397251

Keywords: External sector, Economic growth, Central banks, Monetary authorities, National accounts, UAE, Proj, CBU, intergenerational equity, medium-term

This Article IV Consultation highlights that UAE has successfully weathered recent external shocks, because of its large financial buffers, diversified economy, and strong policy response. The economy is starting t...

United Arab Emirates: Staff Report for the 2018 Article IV Consultation—Informational Annex

United Arab Emirates: Staff Report for the 2018 Article IV Consultation—Informational Annex »

Source: United Arab Emirates : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Arab Emirates

Volume/Issue: 2019/35

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2019

ISBN: 9781484397251

Keywords: External sector, Economic growth, Central banks, Monetary authorities, National accounts, UAE, Proj, CBU, intergenerational equity, medium-term

This Article IV Consultation highlights that UAE has successfully weathered recent external shocks, because of its large financial buffers, diversified economy, and strong policy response. The economy is starting t...

Pursuing Women's Economic Empowerment

Pursuing Women's Economic Empowerment »

Volume/Issue: 2018/029

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2018

DOI: http://dx.doi.org/10.5089/9781498308526.007

ISBN: 9781498308526

Keywords: Total factor productivity, Labor force participation, Low-income developing countries, Labor market reforms, Gross national product, gender gap, gender inequality, gender equality, IMF, inequality

"The economic and social imperative for women's economic empowerment is clear. Greater gender equality boosts economic growth and leads to better development outcomes. It contributes to reducing income inequality a...

Pursuing Women's Economic Empowerment

Pursuing Women's Economic Empowerment »

Source: Pursuing Women's Economic Empowerment

Volume/Issue: 2018/029

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2018

ISBN: 9781498308526

Keywords: Total factor productivity, Labor force participation, Low-income developing countries, Labor market reforms, Gross national product, gender gap, gender inequality, gender equality, IMF, inequality

"The economic and social imperative for women's economic empowerment is clear. Greater gender equality boosts economic growth and leads to better development outcomes. It contributes to reducing income inequality a...

Oil Prices and GCC Stock Markets: New Evidence from Smooth Transition Models

Oil Prices and GCC Stock Markets: New Evidence from Smooth Transition Models »

Volume/Issue: 2018/98

Series: IMF Working Papers

Author(s): Nidhaleddine Ben Cheikh , Sami Ben Naceur , Oussama Kanaan , and Christophe Rault

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2018

DOI: http://dx.doi.org/10.5089/9781484353622.001

ISBN: 9781484353622

Keywords: Qatar, Saudi Arabia, Middle East, Oil prices, Oman, Bahrain, Kuwait, United Arab Emirates, Yemen, Republic of, GCC stock markets

Our paper examines the effect of oil price changes on Gulf Cooperation Council (GCC) stock markets using nonlinear smooth transition regression (STR) models. Contrary to conventional wisdom, our empirical results r...

Oil Prices and GCC Stock Markets: New Evidence from Smooth Transition Models

Oil Prices and GCC Stock Markets: New Evidence from Smooth Transition Models »

Source: Oil Prices and GCC Stock Markets: New Evidence from Smooth Transition Models

Volume/Issue: 2018/98

Series: IMF Working Papers

Author(s): Nidhaleddine Ben Cheikh , Sami Ben Naceur , Oussama Kanaan , and Christophe Rault

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2018

ISBN: 9781484353622

Keywords: Qatar, Saudi Arabia, Middle East, Oil prices, Oman, Bahrain, Kuwait, United Arab Emirates, Yemen, Republic of, GCC stock markets

Our paper examines the effect of oil price changes on Gulf Cooperation Council (GCC) stock markets using nonlinear smooth transition regression (STR) models. Contrary to conventional wisdom, our empirical results r...

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia »

Volume/Issue: 2018/6

Series: Departmental Papers / Policy Papers

Author(s): Edward Gemayel , Lorraine Ocampos , Matteo Ghilardi , and James Aylward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2018

DOI: http://dx.doi.org/10.5089/9781484337165.087

ISBN: 9781484337165

Keywords: Growth acceleration, Uzbekistan, Afghanistan, Islamic Republic of, Iran, Islamic Republic of, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Republic of, Saudi Arabia, Somalia, Sudan

Since 2014, large and persistent external shocks have hit the CCA region, particularly a slump in global commodity prices and slower growth in its key economic partners. Fiscal accommodation, along with currency ad...

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia »

Source: A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

Volume/Issue: 2018/6

Series: Departmental Papers / Policy Papers

Author(s): Edward Gemayel , Lorraine Ocampos , Matteo Ghilardi , and James Aylward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2018

ISBN: 9781484337165

Keywords: Growth acceleration, Uzbekistan, Afghanistan, Islamic Republic of, Iran, Islamic Republic of, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Republic of, Saudi Arabia, Somalia, Sudan

Since 2014, large and persistent external shocks have hit the CCA region, particularly a slump in global commodity prices and slower growth in its key economic partners. Fiscal accommodation, along with currency ad...

Key Trends in Implementing the Fund's Transparency Policy

Key Trends in Implementing the Fund's Transparency Policy »

Volume/Issue: 2018/003

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 January 2018

DOI: http://dx.doi.org/10.5089/9781498307208.007

ISBN: 9781498307208

Keywords: Transparency, Low-income developing countries, Developing countries, Monetary unions, Exchange rate regimes, Emerging markets, article IV consultation, article IV, publication rate, currency union

The IMF's transparency policy allows for the deletion of market-sensitive information and premature disclosure of the authorities' policy intentions in published staff reports and other documents. The Report prepar...

Key Trends in Implementing the Fund's Transparency Policy

Key Trends in Implementing the Fund's Transparency Policy »

Source: Key Trends in Implementing the Fund's Transparency Policy

Volume/Issue: 2018/003

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 January 2018

ISBN: 9781498307208

Keywords: Transparency, Low-income developing countries, Developing countries, Monetary unions, Exchange rate regimes, Emerging markets, article IV consultation, article IV, publication rate, currency union

The IMF's transparency policy allows for the deletion of market-sensitive information and premature disclosure of the authorities' policy intentions in published staff reports and other documents. The Report prepar...

Chapter 5. A Way Forward

Chapter 5. A Way Forward »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Rising Challenges The pursuit of multiple goals with public payrolls—often with limited success—has left several countries in the region with high wage bills at a time of heightened...

Chapter 2. Benchmarking and Trends

Chapter 2. Benchmarking and Trends »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Comparison with Global Peers Public wage bills in the MENAP region are higher than in other emerging market and developing economies (Figure 2.1). 1...

Chapter 6. Conclusion

Chapter 6. Conclusion »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Management of public sector wage bills has emerged as an important policy challenge for the region. Reflecting legacies from the past—including the large role of the state—as well as considerable oil wealth...

Chapter 3. Drivers

Chapter 3. Drivers »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Policy Objectives Employment In many areas of the MENAP region, high wage bills reflect the traditional role of the state as the employer of first reso...

Chapter 1. Introduction

Chapter 1. Introduction »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Economic and social challenges have intensified across the Middle East and Central Asia. Despite a stronger global economy, the growth outlook for the region remains subdued (IMF 2017). Weak economic growth...

Chapter 4. Outcomes and Economic Effects

Chapter 4. Outcomes and Economic Effects »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Public Service Delivery Higher wage bills have on average not produced better service delivery, though public services are also affected by other considerations (Figures 4.1 and 4.2)...

Public Wage Bills in the Middle East and Central Asia

Public Wage Bills in the Middle East and Central Asia »

Volume: 18

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

DOI: http://dx.doi.org/10.5089/9781484336731.087

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

Public Wage Bills in the Middle East and Central Asia

Public Wage Bills in the Middle East and Central Asia »

Source: Public Wage Bills in the Middle East and Central Asia

Volume: 18

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

Back Matter

Back Matter »

Source: Public Wage Bills in the Middle East and Central Asia

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

IMF Executive Board Concludes 2017 Article IV Consultation with the United Arab Emirates

IMF Executive Board Concludes 2017 Article IV Consultation with the United Arab Emirates »

Source: United Arab Emirates : 2017 Article IV Consultation- Press Release; Staff Report and Informational Annex for the United Arab Emirates

Volume/Issue: 2017/218

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2017

ISBN: 9781484310182

Keywords: Article IV consultation reports, Oil prices, Fiscal consolidation, Financial stability, Banking sector, Public debt, Executive Board decisions, Lapse of time approval, Economic indicators, Debt sustainability analysis

This 2017 Article IV Consultation highlights that the economic performance of the United Arab Emirates was subdued during most of 2016. Together with weaker oil prices and slower oil output growth, the postponement...

United Arab Emirates
			: 2017 Article IV Consultation- Press Release; Staff Report and Informational Annex for the United Arab Emirates

United Arab Emirates : 2017 Article IV Consultation- Press Release; Staff Report and Informational Annex for the United Arab Emirates »

Volume/Issue: 2017/218

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2017

DOI: http://dx.doi.org/10.5089/9781484310182.002

ISBN: 9781484310182

Keywords: Article IV consultation reports, Oil prices, Fiscal consolidation, Financial stability, Banking sector, Public debt, Executive Board decisions, Lapse of time approval, Economic indicators, Debt sustainability analysis

This 2017 Article IV Consultation highlights that the economic performance of the United Arab Emirates was subdued during most of 2016. Together with weaker oil prices and slower oil output growth, the postponement...

United Arab Emirates
			: Selected Issues

United Arab Emirates : Selected Issues »

Volume/Issue: 2017/219

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2017

DOI: http://dx.doi.org/10.5089/9781484310199.002

ISBN: 9781484310199

Keywords: Fiscal policy, Education, Health care, Public-private sector cooperation, Liquidity management, Oil prices, Fiscal consolidation, United Arab Emirates, Selected issues

This paper outlines a consolidated Medium-Term Fiscal Framework (MTFF), which is comprehensive and forward looking, could set a clear direction for fiscal policy for the country as a whole and better align resource...

United Arab Emirates: Selected Issues

United Arab Emirates: Selected Issues »

Source: United Arab Emirates : Selected Issues

Volume/Issue: 2017/219

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2017

ISBN: 9781484310199

Keywords: Fiscal policy, Education, Health care, Public-private sector cooperation, Liquidity management, Oil prices, Fiscal consolidation, United Arab Emirates, Selected issues

This paper outlines a consolidated Medium-Term Fiscal Framework (MTFF), which is comprehensive and forward looking, could set a clear direction for fiscal policy for the country as a whole and better align resource...

United Arab Emirates: Selected Issues

United Arab Emirates: Selected Issues »

Source: United Arab Emirates : Selected Issues

Volume/Issue: 2017/219

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2017

ISBN: 9781484310199

Keywords: Fiscal policy, Education, Health care, Public-private sector cooperation, Liquidity management, Oil prices, Fiscal consolidation, United Arab Emirates, Selected issues

This paper outlines a consolidated Medium-Term Fiscal Framework (MTFF), which is comprehensive and forward looking, could set a clear direction for fiscal policy for the country as a whole and better align resource...

United Arab Emirates: Staff Report for the 2017 Article IV Consultation

United Arab Emirates: Staff Report for the 2017 Article IV Consultation »

Source: United Arab Emirates : 2017 Article IV Consultation- Press Release; Staff Report and Informational Annex for the United Arab Emirates

Volume/Issue: 2017/218

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2017

ISBN: 9781484310182

Keywords: Article IV consultation reports, Oil prices, Fiscal consolidation, Financial stability, Banking sector, Public debt, Executive Board decisions, Lapse of time approval, Economic indicators, Debt sustainability analysis

This 2017 Article IV Consultation highlights that the economic performance of the United Arab Emirates was subdued during most of 2016. Together with weaker oil prices and slower oil output growth, the postponement...

United Arab Emirates: Staff Report for the 2017 Article IV Consultation—Informational Annex

United Arab Emirates: Staff Report for the 2017 Article IV Consultation—Informational Annex »

Source: United Arab Emirates : 2017 Article IV Consultation- Press Release; Staff Report and Informational Annex for the United Arab Emirates

Volume/Issue: 2017/218

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2017

ISBN: 9781484310182

Keywords: Article IV consultation reports, Oil prices, Fiscal consolidation, Financial stability, Banking sector, Public debt, Executive Board decisions, Lapse of time approval, Economic indicators, Debt sustainability analysis

This 2017 Article IV Consultation highlights that the economic performance of the United Arab Emirates was subdued during most of 2016. Together with weaker oil prices and slower oil output growth, the postponement...

The Impact of Oil Prices on the Banking System in the GCC

The Impact of Oil Prices on the Banking System in the GCC »

Volume/Issue: 2016/161

Series: IMF Working Papers

Author(s): Padamja Khandelwal , Ken Miyajima , and Andre Santos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2016

DOI: http://dx.doi.org/10.5089/9781475523393.001

ISBN: 9781475523393

Keywords: Macro-financial linkages, nonperforming loans, panel vector autoregression

This paper examines the links between global oil price movements and macroeconomic and financial developments in the GCC. Using a range of multivariate panel approaches, including a panel vector autoregression appr...

The Impact of Oil Prices on the Banking System in the GCC

The Impact of Oil Prices on the Banking System in the GCC »

Source: The Impact of Oil Prices on the Banking System in the GCC

Volume/Issue: 2016/161

Series: IMF Working Papers

Author(s): Padamja Khandelwal , Ken Miyajima , and Andre Santos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2016

ISBN: 9781475523393

Keywords: Macro-financial linkages, nonperforming loans, panel vector autoregression

This paper examines the links between global oil price movements and macroeconomic and financial developments in the GCC. Using a range of multivariate panel approaches, including a panel vector autoregression appr...

United Arab Emirates
			: Selected Issues

United Arab Emirates : Selected Issues »

Volume/Issue: 2016/266

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2016

DOI: http://dx.doi.org/10.5089/9781475522075.002

ISBN: 9781475522075

This Selected Issues paper discusses performance and risks posed by government-related entities (GREs) in the United Arab Emirates (UAE). GREs continue to be a major source of growth and development for the UAE, bu...

United Arab Emirates: Selected Issues

United Arab Emirates: Selected Issues »

Source: United Arab Emirates : Selected Issues

Volume/Issue: 2016/266

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2016

ISBN: 9781475522075

This Selected Issues paper discusses performance and risks posed by government-related entities (GREs) in the United Arab Emirates (UAE). GREs continue to be a major source of growth and development for the UAE, bu...

United Arab Emirates: Selected Issues

United Arab Emirates: Selected Issues »

Source: United Arab Emirates : Selected Issues

Volume/Issue: 2016/266

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2016

ISBN: 9781475522075

This Selected Issues paper discusses performance and risks posed by government-related entities (GREs) in the United Arab Emirates (UAE). GREs continue to be a major source of growth and development for the UAE, bu...

United Arab Emirates: Selected Issues

United Arab Emirates: Selected Issues »

Source: United Arab Emirates : Selected Issues

Volume/Issue: 2016/266

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2016

ISBN: 9781475522075

This Selected Issues paper discusses performance and risks posed by government-related entities (GREs) in the United Arab Emirates (UAE). GREs continue to be a major source of growth and development for the UAE, bu...

IMF Executive Board Concludes 2016 Article IV Consultation with the United Arab Emirates

IMF Executive Board Concludes 2016 Article IV Consultation with the United Arab Emirates »

Source: United Arab Emirates : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Arab Emirates

Volume/Issue: 2016/251

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2016

ISBN: 9781498388689

Context. Sustained low oil prices have led to a weakening of fiscal and external positions, tightening of monetary and financial conditions, and somewhat softer economic sentiment. Substantial fiscal consolidation...

United Arab Emirates
			: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Arab Emirates

United Arab Emirates : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Arab Emirates »

Volume/Issue: 2016/251

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2016

DOI: http://dx.doi.org/10.5089/9781498388689.002

ISBN: 9781498388689

Context. Sustained low oil prices have led to a weakening of fiscal and external positions, tightening of monetary and financial conditions, and somewhat softer economic sentiment. Substantial fiscal consolidation...

Statement by Hazem Beblawi Executive Director for the United Arab Emirates and Mira Merhi, Advisor, July 20, 2016

Statement by Hazem Beblawi Executive Director for the United Arab Emirates and Mira Merhi, Advisor, July 20, 2016 »

Source: United Arab Emirates : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Arab Emirates

Volume/Issue: 2016/251

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2016

ISBN: 9781498388689

Context. Sustained low oil prices have led to a weakening of fiscal and external positions, tightening of monetary and financial conditions, and somewhat softer economic sentiment. Substantial fiscal consolidation...

United Arab Emirates: Staff Report for the 2016 Article IV Consultation

United Arab Emirates: Staff Report for the 2016 Article IV Consultation »

Source: United Arab Emirates : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Arab Emirates

Volume/Issue: 2016/251

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2016

ISBN: 9781498388689

Context. Sustained low oil prices have led to a weakening of fiscal and external positions, tightening of monetary and financial conditions, and somewhat softer economic sentiment. Substantial fiscal consolidation...

United Arab Emirates: Staff Report for the 2016 Article IV Consultation—Informational Annex

United Arab Emirates: Staff Report for the 2016 Article IV Consultation—Informational Annex »

Source: United Arab Emirates : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Arab Emirates

Volume/Issue: 2016/251

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2016

ISBN: 9781498388689

Context. Sustained low oil prices have led to a weakening of fiscal and external positions, tightening of monetary and financial conditions, and somewhat softer economic sentiment. Substantial fiscal consolidation...

Macroprudential Policy and Financial Stability in the Arab Region

Macroprudential Policy and Financial Stability in the Arab Region »

Volume/Issue: 2016/98

Series: IMF Working Papers

Author(s): Ananthakrishnan Prasad , Heba Abdel Monem , and Pilar Garcia Martinez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 May 2016

DOI: http://dx.doi.org/10.5089/9781484361641.001

ISBN: 9781484361641

Keywords: Macroprudential policy, systemic risk, credit, financial stability

Several characteristics of the structure of the Arab economies, their economic policy framework, and their banking systems make macroprudential policy a particular relevant tool. For most oil exporters, heavy relia...

Macroprudential Policy and Financial Stability in the Arab Region

Macroprudential Policy and Financial Stability in the Arab Region »

Source: Macroprudential Policy and Financial Stability in the Arab Region

Volume/Issue: 2016/98

Series: IMF Working Papers

Author(s): Ananthakrishnan Prasad , Heba Abdel Monem , and Pilar Garcia Martinez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 May 2016

ISBN: 9781484361641

Keywords: Macroprudential policy, systemic risk, credit, financial stability

Several characteristics of the structure of the Arab economies, their economic policy framework, and their banking systems make macroprudential policy a particular relevant tool. For most oil exporters, heavy relia...

Monetary Operations and Islamic Banking in the GCC
			: Challenges and Options

Monetary Operations and Islamic Banking in the GCC : Challenges and Options »

Volume/Issue: 2015/234

Series: IMF Working Papers

Author(s): Ritu Basu , Ananthakrishnan Prasad , and Sergio Rodriguez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2015

DOI: http://dx.doi.org/10.5089/9781513588513.001

ISBN: 9781513588513

Keywords: Basel Committee on Banking Supervision, Liquidity management, Monetary operations, Monetary policy, Cooperation Council for the Arab States of the Gulf, Islamic banking, GCC

The assessment provides evidence of market segmentation across Islamic and conventional banks in the Gulf Cooperation Council (GCC), leading to excess liquidity, and an uneven playing field for Islamic banks that m...

Monetary Operations and Islamic Banking in the GCC

Monetary Operations and Islamic Banking in the GCC »

Source: Monetary Operations and Islamic Banking in the GCC : Challenges and Options

Volume/Issue: 2015/234

Series: IMF Working Papers

Author(s): Ritu Basu , Ananthakrishnan Prasad , and Sergio Rodriguez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2015

ISBN: 9781513588513

Keywords: Basel Committee on Banking Supervision, Liquidity management, Monetary operations, Monetary policy, Cooperation Council for the Arab States of the Gulf, Islamic banking, GCC

The assessment provides evidence of market segmentation across Islamic and conventional banks in the Gulf Cooperation Council (GCC), leading to excess liquidity, and an uneven playing field for Islamic banks that m...

Gulf Cooperation Council (GCC)-Oil Prices, Financial Stability, and the Use of Countercyclical Macroprudential Policies in the GCC

Gulf Cooperation Council (GCC)-Oil Prices, Financial Stability, and the Use of Countercyclical Macroprudential Policies in the GCC »

Source: Gulf Cooperation Council (GCC)-Oil Prices, Financial Stability, and the Use of Countercyclical Macroprudential Policies in the GCC

Volume/Issue: 2015/062

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 October 2015

ISBN: 9781498343909

Keywords: Banking sector, Business cycles, Cooperation Council for the Arab States of the Gulf, Cross country analysis, External shocks, Financial stability, Liquidity, Macroprudential Policy, Oil prices, Financial crises

Economic and financial developments in the GCC economies are interwoven with oil price movements. GCC economies are highly dependent on oil and gas exports. Oil price upturns lead to higher oil revenues, stronger f...

Gulf Cooperation Council (GCC)-Oil Prices, Financial Stability, and the Use of Countercyclical Macroprudential Policies in the GCC

Gulf Cooperation Council (GCC)-Oil Prices, Financial Stability, and the Use of Countercyclical Macroprudential Policies in the GCC »

Volume/Issue: 2015/062

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 October 2015

DOI: http://dx.doi.org/10.5089/9781498343909.007

ISBN: 9781498343909

Keywords: Banking sector, Business cycles, Cooperation Council for the Arab States of the Gulf, Cross country analysis, External shocks, Financial stability, Liquidity, Macroprudential Policy, Oil prices, Financial crises

Economic and financial developments in the GCC economies are interwoven with oil price movements. GCC economies are highly dependent on oil and gas exports. Oil price upturns lead to higher oil revenues, stronger f...

How Does Bank Competition Affect Solvency, Liquidity and Credit Risk? Evidence from the MENA Countries

How Does Bank Competition Affect Solvency, Liquidity and Credit Risk? Evidence from the MENA Countries »

Source: How Does Bank Competition Affect Solvency, Liquidity and Credit Risk? Evidence from the MENA Countries

Volume/Issue: 2015/210

Series: IMF Working Papers

Author(s): Raja Almarzoqi , Sami Ben Naceur , and Alessandro Scopelliti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2015

ISBN: 9781513581910

Keywords: Bank Competition, Solvency, Bank Regulation, Supervision, bank, risk, banking, credit, Government Policy and Regulation, Corporation and Securities Law

The paper analyzes the relationship between bank competition and stability, with a specific focus on the Middle East and North Africa. Price competition has a positive effect on bank liquidity, as it induces self-d...

Managing Director's Global Policy Agenda to the International Monetary and Financial Committee

Managing Director's Global Policy Agenda to the International Monetary and Financial Committee »

Volume/Issue: 2015/059

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2015

DOI: http://dx.doi.org/10.5089/9781498344142.007

ISBN: 9781498344142

Keywords: Economic integration, Economic reforms, International monetary system, Supply and demand, Low-income developing countries, low-income develop country, euro area, emerge market, advanced economy, potential growth

The Executive Summary is also available in: Arabic , Chinese, French, Japanese, Russian, and Spanish. The membership is facing a rapidly changing and uncertain world. The United States is poised to raise interes...

How Does Bank Competition Affect Solvency, Liquidity and Credit Risk? Evidence from the MENA Countries

How Does Bank Competition Affect Solvency, Liquidity and Credit Risk? Evidence from the MENA Countries »

Volume/Issue: 2015/210

Series: IMF Working Papers

Author(s): Raja Almarzoqi , Sami Ben Naceur , and Alessandro Scopelliti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2015

DOI: http://dx.doi.org/10.5089/9781513581910.001

ISBN: 9781513581910

Keywords: Bank Competition, Solvency, Bank Regulation, Supervision, bank, risk, banking, credit, Government Policy and Regulation, Corporation and Securities Law

The paper analyzes the relationship between bank competition and stability, with a specific focus on the Middle East and North Africa. Price competition has a positive effect on bank liquidity, as it induces self-d...

Managing Director's Global Policy Agenda to the International Monetary and Financial Committee

Managing Director's Global Policy Agenda to the International Monetary and Financial Committee »

Source: Managing Director's Global Policy Agenda to the International Monetary and Financial Committee

Volume/Issue: 2015/059

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2015

ISBN: 9781498344142

Keywords: Economic integration, Economic reforms, International monetary system, Supply and demand, Low-income developing countries, low-income develop country, euro area, emerge market, advanced economy, potential growth

The Executive Summary is also available in: Arabic , Chinese, French, Japanese, Russian, and Spanish. The membership is facing a rapidly changing and uncertain world. The United States is poised to raise interes...

Fair Taxation in the Middle East and North Africa

Fair Taxation in the Middle East and North Africa »

Source: Fair Taxation in the Middle East and North Africa

Volume/Issue: 2015/16

Series: Staff Discussion Notes

Author(s): Mario Mansour , Pritha Mitra , Carlo Sdralevich , and Andrew Jewell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 September 2015

Language: Arabic

ISBN: 9781513552255

Keywords: Resource Revenues, Excise, Value-Added Tax, Equity, tax, taxes, Justice, Inequality, and Other Normative Criteria and Measurement, International Relations and International Political Economy: Other

Fairness - and what governments can do about it - is at the forefront of economic and social debate all over the world. In MENA, this has been at the core of recent political transitions but has not been adequately...

Fair Taxation in the Middle East and North Africa

Fair Taxation in the Middle East and North Africa »

Volume/Issue: 2015/16

Series: Staff Discussion Notes

Author(s): Mario Mansour , Pritha Mitra , Carlo Sdralevich , and Andrew Jewell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 September 2015

Language: Arabic

DOI: http://dx.doi.org/10.5089/9781513552255.006

ISBN: 9781513552255

Keywords: Resource Revenues, Excise, Value-Added Tax, Equity, tax, taxes, Justice, Inequality, and Other Normative Criteria and Measurement, International Relations and International Political Economy: Other

Fairness - and what governments can do about it - is at the forefront of economic and social debate all over the world. In MENA, this has been at the core of recent political transitions but has not been adequately...

Key Trends in Implementing the Fund's Transparency Policy

Key Trends in Implementing the Fund's Transparency Policy »

Volume/Issue: 2015/044

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 August 2015

DOI: http://dx.doi.org/10.5089/9781498344272.007

ISBN: 9781498344272

Keywords: Low-income developing countries, Developing countries, Exchange rate regimes, Monetary unions, Emerging markets, article IV consultation, article IV, publication rate, low-income develop country, currency union

At the time of the 2005 Review of the Fund's Transparency Policy, the Executive Board requested regular updates on trends in implementing the transparency policy. The tables in this report provide an overview of re...

Key Trends in Implementing the Fund's Transparency Policy

Key Trends in Implementing the Fund's Transparency Policy »

Source: Key Trends in Implementing the Fund's Transparency Policy

Volume/Issue: 2015/044

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 August 2015

ISBN: 9781498344272

Keywords: Low-income developing countries, Developing countries, Exchange rate regimes, Monetary unions, Emerging markets, article IV consultation, article IV, publication rate, low-income develop country, currency union

At the time of the 2005 Review of the Fund's Transparency Policy, the Executive Board requested regular updates on trends in implementing the transparency policy. The tables in this report provide an overview of re...

2015 Spillover Report

2015 Spillover Report »

Volume/Issue: 2015/043

Series: Policy Papers

Author(s): International Monetary Fund. Fiscal Affairs Dept.;International Monetary Fund. Asia and Pacific Dept;International Monetary Fund. Western Hemisphere Dept.;International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 August 2015

DOI: http://dx.doi.org/10.5089/9781498344487.007

ISBN: 9781498344487

Keywords: Corporate sector, Debt, Developed countries, Emerging markets, Exchange rate appreciation, Monetary policy, Oil prices, Spillovers, US dollar, Real sector

Many countries around the globe, particularly the systemic advanced economies, face the challenge of closing output gaps and raising potential output growth. Addressing these challenges requires a package of macroe...

2015 Spillover Report

2015 Spillover Report »

Source: 2015 Spillover Report

Volume/Issue: 2015/043

Series: Policy Papers

Author(s): International Monetary Fund. Fiscal Affairs Dept.;International Monetary Fund. Asia and Pacific Dept;International Monetary Fund. Western Hemisphere Dept.;International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 August 2015

ISBN: 9781498344487

Keywords: Corporate sector, Debt, Developed countries, Emerging markets, Exchange rate appreciation, Monetary policy, Oil prices, Spillovers, US dollar, Real sector

Many countries around the globe, particularly the systemic advanced economies, face the challenge of closing output gaps and raising potential output growth. Addressing these challenges requires a package of macroe...

IMF Executive Board Concludes 2015 Article IV Consultation with United Arab Emirates

IMF Executive Board Concludes 2015 Article IV Consultation with United Arab Emirates »

Source: United Arab Emirates : Staff Report for the 2015 Article IV Consultation

Volume/Issue: 2015/219

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2015

ISBN: 9781513587042

Keywords: monetary fund, government finances, finances, debt

This 2015 Article IV Consultation highlights that United Arab Emirates has continued to benefit from its perceived safe haven status and large fiscal and external buffers that have helped limit negative spillovers...

United Arab Emirates
			: Staff Report for the 2015 Article IV Consultation

United Arab Emirates : Staff Report for the 2015 Article IV Consultation »

Volume/Issue: 2015/219

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2015

DOI: http://dx.doi.org/10.5089/9781513587042.002

ISBN: 9781513587042

Keywords: monetary fund, government finances, finances, debt

This 2015 Article IV Consultation highlights that United Arab Emirates has continued to benefit from its perceived safe haven status and large fiscal and external buffers that have helped limit negative spillovers...

United Arab Emirates
			: Selected Issues

United Arab Emirates : Selected Issues »

Volume/Issue: 2015/220

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2015

DOI: http://dx.doi.org/10.5089/9781513524634.002

ISBN: 9781513524634

Keywords: environment, subsidies, prices, revenue, oil

This Selected Issues paper discusses measures to strengthen fiscal policy and budget frameworks in the United Arab Emirates (UAE). It provides an overview of government's revenue and expenditure developments, and p...

United Arab Emirates: Selected Issues

United Arab Emirates: Selected Issues »

Source: United Arab Emirates : Selected Issues

Volume/Issue: 2015/220

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2015

ISBN: 9781513524634

Keywords: environment, subsidies, prices, revenue, oil

This Selected Issues paper discusses measures to strengthen fiscal policy and budget frameworks in the United Arab Emirates (UAE). It provides an overview of government's revenue and expenditure developments, and p...

United Arab Emirates: Selected Issues

United Arab Emirates: Selected Issues »

Source: United Arab Emirates : Selected Issues

Volume/Issue: 2015/220

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2015

ISBN: 9781513524634

Keywords: environment, subsidies, prices, revenue, oil

This Selected Issues paper discusses measures to strengthen fiscal policy and budget frameworks in the United Arab Emirates (UAE). It provides an overview of government's revenue and expenditure developments, and p...

United Arab Emirates: Staff Report for the 2015 Article IV Consultation

United Arab Emirates: Staff Report for the 2015 Article IV Consultation »

Source: United Arab Emirates : Staff Report for the 2015 Article IV Consultation

Volume/Issue: 2015/219

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2015

ISBN: 9781513587042

Keywords: monetary fund, government finances, finances, debt

This 2015 Article IV Consultation highlights that United Arab Emirates has continued to benefit from its perceived safe haven status and large fiscal and external buffers that have helped limit negative spillovers...

United Arab Emirates: Staff Report for the 2015 Article IV Consultation—Informational Annex

United Arab Emirates: Staff Report for the 2015 Article IV Consultation—Informational Annex »

Source: United Arab Emirates : Staff Report for the 2015 Article IV Consultation

Volume/Issue: 2015/219

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2015

ISBN: 9781513587042

Keywords: monetary fund, government finances, finances, debt

This 2015 Article IV Consultation highlights that United Arab Emirates has continued to benefit from its perceived safe haven status and large fiscal and external buffers that have helped limit negative spillovers...

Balance Sheet Analysis in Fund Surveillance - Reference Note

Balance Sheet Analysis in Fund Surveillance - Reference Note »

Source: Balance Sheet Analysis in Fund Surveillance - Reference Note

Volume/Issue: 2015/040

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 July 2015

ISBN: 9781498344340

Keywords: Bilateral surveillance, Data collection, Data quality assessment framework, Developed countries, Emerging markets, General Data Dissemination System, Special Data Dissemination Standard, Fiscal sector, External sector, Real sector

This note serves as a reference for balance sheet analysis, which should be read in conjunction with the IMF board paper on Balance Sheet Analysis in Fund Surveillance. It provides a: compendium of good examples...

Balance Sheet Analysis in Fund Surveillance - Reference Note

Balance Sheet Analysis in Fund Surveillance - Reference Note »

Volume/Issue: 2015/040

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 July 2015

DOI: http://dx.doi.org/10.5089/9781498344340.007

ISBN: 9781498344340

Keywords: Bilateral surveillance, Data collection, Data quality assessment framework, Developed countries, Emerging markets, General Data Dissemination System, Special Data Dissemination Standard, Fiscal sector, External sector, Real sector

This note serves as a reference for balance sheet analysis, which should be read in conjunction with the IMF board paper on Balance Sheet Analysis in Fund Surveillance. It provides a: compendium of good examples...

Economic Diversification in the GCC

Economic Diversification in the GCC »

Source: Economic Diversification in the GCC : Past, Present, and Future

Volume/Issue: 2014/12

Series: Staff Discussion Notes

Author(s): Tim Callen , Reda Cherif , Fuad Hasanov , Amgad Hegazy , and Padamja Khandelwal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 2014

ISBN: 9781498303231

Keywords: Export diversification, Exports, Bahrain, Cooperation Council for the Arab States of the Gulf, Cross country analysis, Economic growth, Oil revenues, Oman, Private sector, Saudi Arabia

Abstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. Greater economic diversification would reduce their exposure to volatility and uncertainty in the global oil m...

Economic Diversification in the GCC
			: Past, Present, and Future

Economic Diversification in the GCC : Past, Present, and Future »

Volume/Issue: 2014/12

Series: Staff Discussion Notes

Author(s): Tim Callen , Reda Cherif , Fuad Hasanov , Amgad Hegazy , and Padamja Khandelwal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 2014

DOI: http://dx.doi.org/10.5089/9781498303231.006

ISBN: 9781498303231

Keywords: Export diversification, Exports, Bahrain, Cooperation Council for the Arab States of the Gulf, Cross country analysis, Economic growth, Oil revenues, Oman, Private sector, Saudi Arabia

Abstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. Greater economic diversification would reduce their exposure to volatility and uncertainty in the global oil m...

Making the Most of Public Investment in MENA and CCA Oil-Exporting Countries

Making the Most of Public Investment in MENA and CCA Oil-Exporting Countries »

Volume/Issue: 2014/10

Series: Staff Discussion Notes

Author(s): Maria Albino-War , Svetlana Cerovic , Francesco Grigoli , Juan Flores , Javier Kapsoli , Haonan Qu , Yahia Said , Bahrom Shukurov , Martin Sommer , and SeokHyun Yoon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2014

Language: Arabic

DOI: http://dx.doi.org/10.5089/9781498314954.006

ISBN: 9781498314954

Keywords: Public investment, Middle East and Central Asia, North Africa, Central Asia and the Caucasus, Expenditure efficiency, Infrastructure, Transportation, Oil exporting countries, Public investment efficiency, natural resources

Over the past decade, rising oil prices have translated into high levels of public investment in most MENA and CCA oil exporters. This has prompted questions about the efficiency of public investment in generating...

Making the Most of Public Investment in MENA and CCA Oil-Exporting Countries

Making the Most of Public Investment in MENA and CCA Oil-Exporting Countries »

Source: Making the Most of Public Investment in MENA and CCA Oil-Exporting Countries

Volume/Issue: 2014/10

Series: Staff Discussion Notes

Author(s): Maria Albino-War , Svetlana Cerovic , Francesco Grigoli , Juan Flores , Javier Kapsoli , Haonan Qu , Yahia Said , Bahrom Shukurov , Martin Sommer , and SeokHyun Yoon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2014

Language: Arabic

ISBN: 9781498314954

Keywords: Public investment, Middle East and Central Asia, North Africa, Central Asia and the Caucasus, Expenditure efficiency, Infrastructure, Transportation, Oil exporting countries, Public investment efficiency, natural resources

Over the past decade, rising oil prices have translated into high levels of public investment in most MENA and CCA oil exporters. This has prompted questions about the efficiency of public investment in generating...

Sovereign Asset-Liability Management - Guidance for Resource-Rich Economies

Sovereign Asset-Liability Management - Guidance for Resource-Rich Economies »

Volume/Issue: 2014/078

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 November 2014

DOI: http://dx.doi.org/10.5089/9781498343220.007

ISBN: 9781498343220

Keywords: Asset management, Investment, Natural resources, Risk management, Sovereign wealth funds, Financial crises, External sector, Central banking and monetary issues, Integrated asset-liability management, investment strategy

Ample natural resource revenues create both opportunities and challenges for a sovereign to transform its natural resources into well-managed financial assets. Hence, inter-temporal smoothing of revenue and consump...