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Business and Economics > Banks and Banking

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Environment and Growth x
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Cover The Financial Sector
The Financial Sector
Redefining a Broader Sense of Purpose
International Monetary Fund. Communications Department

Abstract

IMF Managing Director Christine Lagarde delivered this address at Guildhall as part of the World Traders’ Tacitus Lecture series in London on February 28, 2019.

Keywords:
SPE; finance; investment product; investment; price; bank; financial system; private-sector investment; equity capital; paper money; return on equity; dot com bubble; Financial sector; Fintech; Sustainable growth; Women; Global; land price; concessional financing; Climate finance
Cover IMF Staff Country Reports
Republic of Serbia: Seventh Review and Inflation Consultation Under the Stand-By Arrangement
International Monetary Fund
The global financial crisis unmasked Serbia’s unsustainable pre-crisis growth model. Looking back, the Stand-By Arrangement (SBA) provided effective insurance against a financial meltdown, initiated the needed re-balancing of the economy, but could not prevent large job losses. Looking ahead, the transition to a more sustainable growth model remains incomplete and fragile. The export-led recovery is expected to continue picking up steam, but labor market conditions will remain difficult. The current account deficit is expected to remain relatively high, requiring significant capital inflows to maintain external balance.
Keywords:
ISCR; CR; Serbia; inflation consultation clause; SDR; EU integration; status; EU candidate status; staff appraisal; inflation expectation; Inflation; Public sector; Foreign banks; Global
Cover IMF Working Papers
Beyond Balanced Growth
Mr. Sergio Rebelo
,
Ms. Piyabha Kongsamut
, and
Danyang Xie
Balanced growth models are commonly used in macroeconomics because they are consistent with the well-known Kaldor facts regarding economic growth. These models, however, are inconsistent with one of the most striking regularities of the growth process—the massive reallocation of labor from agriculture into manufacturing and services. This paper presents a simple model consistent with both the Kaldor facts and the dynamics of sectoral labor reallocation. The model shows that balanced growth can be consistent with structural change.
Keywords:
WP; growth; structural change; Kaldor facts; GBG path; Kaldor fact; output share; employment share; GBG constraint; production structure; Sustainable growth; Real interest rates; Agricultural sector; Manufacturing