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External Debt Histories of Ten Low-Income Developing Countries »
Source: External Debt Histories of Ten Low-Income Developing Countries : Lessons from Their Experience
Volume/Issue: 1998/72
Series: IMF Working Papers
Author(s): Kevin Ross , R. Brooks , Robert Powell , Ydahlia Metzgen Quemarez , Doris Ross , Mariano Cortes , Saqib Rizavi , Benoit Ketchekmen , and Francesca Fornasari
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 1998
ISBN: 9781451849318
Keywords: External Debt, HIPCs, Low-Income Countries, debt, creditors, debt burden, debt stock
The external debt burden of many low-income developing countries has increased significantly since the 1970s. Developments in a sample of ten countries show that the main factors behind the buildup of debt were (1)...
Trade Openness and Growth »
Source: Trade Openness and Growth : Pursuing Empirical Glasnost
Volume/Issue: 2007/156
Series: IMF Working Papers
Author(s): Andreas Billmeier , and Tommaso Nannicini
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2007
ISBN: 9781451867206
Keywords: trade openness, growth, matching estimators, synthetic control, gdp per capita, real gdp, trade liberalization,
Studies of the impact of trade openness on growth are based either on cross-country analysis-which lacks transparency-or case studies-which lack statistical rigor. We apply transparent econometric methods drawn fro...
Remoteness and Real Exchange Rate Volatility »
Source: Remoteness and Real Exchange Rate Volatility
Volume/Issue: 2005/1
Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2005
ISBN: 9781451860207
Keywords: Real exchange rate volatility, trade costs, exchange rate, real exchange rate, exchange rate volatility, International Finance: General, Macroeconomic Aspects of International Trade and Finance: General,
This paper examines the impact of trade costs on real exchange rate volatility. The channel is examined by constructing a two-country Ricardian model of trade, based on the work of Dornbusch, Fischer, and Samuelson...
Africa and the European Economic Community »
Source: Finance & Development, June 1966
Volume/Issue: 3/2
Series: Finance & Development
Author(s): International Monetary Fund. External Relations Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 1966
ISBN: 9781616352820
Keywords: sid, political authorities, society for international development, political leaders
This paper discusses the study on development planning conducted by a small group within the World Bank. The study reveals that most countries not only encounter the same planning problems, they make the same mista...
Odious Debt »
Source: Finance & Development, June 2002
Volume/Issue: 39/2
Series: Finance & Development
Author(s): International Monetary Fund. External Relations Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2002
ISBN: 9781451952896
Keywords: poverty reduction, fiscal profligacy, fiscal policy, spending cuts
This paper highlights that despite unprecedented gains in living standards in some countries over the past few decades, poverty continues as a harsh reality in too much of the developing world. The causes lie in pa...
Why Do Some Countries Manage to Extract Growth from Foreign Aid? »
Source: Why Do Some Countries Manage to Extract Growth from Foreign Aid?
Volume/Issue: 2005/53
Series: IMF Working Papers
Author(s): Jean-François Ruhashyankiko
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2005
ISBN: 9781451860726
Keywords: Growth, Informal Economy, ethnic fractionalization, diminishing returns, income per capita, One, Two, and Multisector Growth Models,
Aid is primarily given to governments whereas the engine of sustained growth is the private sector. It is therefore illusory to investigate the impact of aid on growth without considering the impact of government i...
Do Government Wage Cuts Close Budget Deficits? a Conceptual Framework for Developing Countries and Transition Economies »
Source: Do Government Wage Cuts Close Budget Deficits? a Conceptual Framework for Developing Countries and Transition Economies
Volume/Issue: 1996/19
Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 1996
ISBN: 9781451922554
Keywords: wages, wage, tax evasion, tax collectors, tax collector
Real wage declines have been common in the public sector in many countries over substantial periods of time. In several cases, such wage reductions have coincided with a decline in the efficiency of the public sect...
The HIPC Initiative »
Source: Debt Relief for Low-Income Countries : The Enhanced HIPC Initiative
Series: Pamphlet Series
Author(s): Kamau Thugge , and Anthony Boote
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 03 December 1999
ISBN: 9781463904869
Keywords: stock-of-debt operation, external debt, present value, debt relief, debt reduction
The HIPC Initiative is a framework developed jointly by the IMF and the World Bank to address the external debt problems of the heavily indebted poor countries (HIPCs). It is bas...
Debt Relief for Low-Income Countries »
Source: Debt Relief for Low-Income Countries : The HPIC initiative (Revised 1997)
Series: Pamphlet Series
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 1999
ISBN: 9781557756619
Keywords: debt service, debt-service, external debt, debt relief, debt reduction
The HIPC Initiative...
Traditional Debt-Relief Mechanisms for HIPCs »
Source: Debt Relief for Low-Income Countries : The Enhanced HIPC Initiative
Series: Pamphlet Series
Author(s): Kamau Thugge , and Anthony Boote
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 03 December 1999
ISBN: 9781463904869
Keywords: stock-of-debt operation, external debt, present value, debt relief, debt reduction
To address the debt burden of the low-income countries, the international financial community (including Paris Club creditors, non-Paris Club bilateral and commercial creditors, and multilateral institutions...