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Showing 1 through 8 of 8 results

Aid and Fiscal Management

by Aleš Bulìř Timothy Lane

This paper focuses on the macroeconomic aspects of fiscal management in aid-receiving countries. Despite the declining share of aid in budgets of donor countries, aid continues to play an important role in many developing countries. The paper first discusses the implications of aid in the economy as a whole and highlights the possibility of Dutch-disease effects of aid. Second, it discusses the implications of aid for short-term fiscal policy management - in particular, how actual or anticipated changes in aid receipts should be reflected in government spending.

Capital Flows to Transition Economies: Master or Servant?

by Leslie Lipschitz Timothy Lane Alex Mourmouras

A report from the International Monetary Fund.

Does IMF Financing Result in Moral Hazard?

by Timothy Lane Steven Phillips

A report from the International Monetary Fund.

Does Public Disagreement on Monetary Policy Unsettle the Markets?

by Timothy Lane Hossein Samiei

A report from the International Monetary Fund.

Lessons from the Crisis in Argentina

by Christina Daseking Atish Ghosh Timothy Lane Alun Thomas

In 2001-02, Argentina experienced one of the worst economic crises in its history. Output fell by about 20 percent over three years, inflation reignited, the government defaulted on its debt, the banking system was largely paralysed. In the early months of 2003, the economy began to recover, but there remained a long road back to sustained growth and stability. This paper examines the origins of the crisis and its evolution until early 2002. It analyses the economic forces, including a prolonged recession, leading up to the crisis and draws general policy lessons, both for countries' efforts to prevent such crises, and for the IMF's surveillance and use of its financial resources.

Showing 1 through 8 of 8 results

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