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Showing 1 through 13 of 13 results

The Baltics

by Stefania Fabrizio Robert Burgess Yuan Xiao

This paper assesses the competitive position of the Baltic countries of Estonia, Latvia, and Lithuania, in the light of their accession to the EU, focusing on the viability of maintaining fixed exchange rates upon joining the EU, participating in its exchange rate mechanism and adopting the euro currency. Issues discussed include: effective exchange rate indicators and export performance; productivity developments; equilibrium real exchange rates; and policy implications.

Breaking the Impediments to Budgetary Reforms: Evidence from Europe

by Stefania Fabrizio Ashoka Mody

A report from the International Monetary Fund.

Can Budget Institutions Counteract Political Indiscipline?

by Stefania Fabrizio Ashoka Mody

A report from the International Monetary Fund.

Coping with the Global Financial Crisis: Challenges Facing Low-Income Countries

by Stefania Fabrizio

This forthcoming title in the Departmental Paper Series describes the special challenges facing low-income countries as economic growth contracts by an estimated 1. 1 percent globally. Coping with the Crisis: Challenges Facing Low-Income Countries provides an assessment of the implications of the financial crisis for low-income countries, evaluates the short-term macroeconomic outlook for these countries, and discusses the policy challenges they face. Chapters cover the outlook for global economic growth and commodity prices, An overview of how low-income countries have been affected, fiscal policy, monetary and exchange rate policy responses, potential external financing needs and how the international community, including the IMF, can help countries meet them. The challenges ahead for low-income countries are delineated, including debt vulnerabilities and the need for countries to develop well-regulated local capital markets and banking systems, As well as enhanced public sector efficiency.

The Dynamics of Product Quality and International Competitiveness

by Stefania Fabrizio Ashoka Mody Deniz Igan

A report from the International Monetary Fund.

Emerging from the Global Crisis: Macroeconomic Challenges Facing Low-Income Countries

by Stefania Fabrizio

This report from the International Monetary Fund on the impact of the global economic crisis on low income countries (LICs) examines the strengths and weaknesses of their positions relative to previous downturns. The volume considers the pre-crisis positions of the LICs and discusses the relatively mild effects of the current economic climate on some developing countries compared to wealthier states more deeply integrated with global financial infrastructures. The work includes numerous charts and tables as well as appendices providing relevant statistical data. Annotation ©2011 Book News, Inc. , Portland, OR (booknews. com)

Energy Subsidy Reform: Lessons and Implications

by Sanjeev Gupta Stefania Fabrizio Benedict Clements David Coady Trevor Alleyne Carlo Sdralevich

Energy subsidies have wide-ranging economic consequences. Although they are aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive industries, reducing incentives for investment in renewable energy, and accelerating the depletion of natural resources. Most subsidy benefits are captured by higher-income households, reinforcing inequality. Even future generations are affected through the damaging effects of increased energy consumption on global warming. This book provides (1) the most comprehensive estimates of energy subsidies currently available for 176 countries and (2) an analysis of 'how to do' energy subsidy reform, drawing on insights from 22 country case studies undertaken by the IMF staff and analyses carried out by other institutions.

IMF Policy Discussion Paper

by Stefania Fabrizio

A report from the International Monetary Fund.

The Second Transition: Eastern Europe in Perspective

by Stefania Fabrizio Daniel Leigh Ashoka Mody

A report from the International Monetary Fund.

Showing 1 through 13 of 13 results

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