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Europe > Ukraine

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

  • Type: Journal Issue x
  • Human capital x
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Cover IMF Working Papers
Economic Scarring: Channels and Policy Implications
Mrs. Nujin Suphaphiphat
and
Ms. Yu Shi
This paper documents the existence of medium-to-long term output losses following large crises using panel data that cover 192 countries from 1970 to 2015 and shows that the magnitudes of economic scarring depend on the nature of the shock, economic activity, and pre-crisis conditions. It also provides a thorough review of potential channels that can lead to scarring and presents novel empirical evidence on the significance of supply-side channels using cross-country sectoral-level data. Finally, the paper discusses policy implications based on the empirical findings.
Keywords:
Economic scarring; covid; pandemic; health crisis; systemic banking crisis; economic shock; hysteresis; growth; crises; scarring channels; employment; sectoral output loss; macroeconomic policy; Policy implication; panel data; impulse Response; scarring channel; Systemic crises; Human capital; Global
Cover Policy Papers
Implementation of the Joint Management Action Plan on Bank-Fund Collaboration
International Monetary Fund
In light of the multilateral effort to ensure the adequacy of the financial resources available to the International Monetary Fund (the “Fund”), and with a view to supporting the Fund’s ability to provide timely and effective balance of payments assistance to its members, the Swedish Riksbank (“Riksbank”) agrees to lend to the Fund an SDRdenominated amount up to the equivalent of EUR 2.47 billion, on the terms and conditions set out in this paper.
Keywords:
PP; bank; staff; Fund staff; Bank-Fund collaboration; JMAP; Fund management; Fund team; Fund respondent; Fund mandates overlap; a number of World Bank; Fund shareholder; Bank-Fund program; Fund financial support; area department; lead economist; Government debt management; Global financial crisis of 2008-2009; Debt sustainability analysis; Human capital; Global
Cover IMF Working Papers
Ukraine: The Cost of Weak Institutions
Mr. Andrew J Tiffin
Ukraine has the potential to be a very wealthy country. It has a well-educated workforce, some of the best agricultural land in the world, an enviable supply of hydrocarbons and minerals, and a relatively well-developed infrastructure. Despite these advantages, however, Ukraine's per capita income remains low. Using a cross-country stochastic-frontier framework, this paper argues that Ukraine's failure to tap its full potential is mainly a result of its market-unfriendly institutional base. With an inherited Soviet framework that is ill suited to the needs of a market economy, Ukraine has been slow to establish the institutions needed to use its resources efficiently. The paper provides a quantitative guide to the benefits, in terms of potential output, of further structural reform. Looking forward, the study finds that durable growth in Ukraine will depend primarily on the authorities' ability to implement their ambitious reform agenda, and thereby to help secure the basic foundations of a modern market economy.
Keywords:
WP; growth rate