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Georgia : Selected Issues
International Monetary Fund - 2011
During the twin crises of 2008–09 Georgia’s foreign exchange reserves have been exposed to a number of external and internal drains. Its exports declined by 21 percent from peak to trough. Bank deposits declined by more than 20 percent in late 2008–early 2009, while deposit dollarization...
Persistent link: https://www.econbiz.de/10014401170
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Oil Rents, Corruption, and State Stability : Evidence From Panel Data Regressions
International Monetary Fund - 2009
We examine the effects of oil rents on corruption and state stability exploiting the exogenous within-country variation … increase in oil rents significantly increases corruption, significantly deteriorates political rights while at the same time … redistribution and conflict. We support our argument documenting that there is a significant effect of oil rents on corruption in …
Persistent link: https://www.econbiz.de/10014402218
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Georgia : Selected Issues
International Monetary Fund - 2006
This Selected Issues paper reviews the financial sector development in Georgia in recent years, and investigates why it has lagged behind economic development, as well as developments in more advanced transition economies. The paper briefly reviews recent financial sector development in Georgia,...
Persistent link: https://www.econbiz.de/10014405573
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Georgia : Selected Issues and Statistical Appendix
International Monetary Fund - 2003
The econometric results show that it is feasible to estimate robust price and inflation equations for Georgia. The long-term price equation expresses prices as a function of money, the exchange rate, and real income and may be interpreted as portraying equilibrium in the goods market. The paper...
Persistent link: https://www.econbiz.de/10014406542
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Addressing Corruption Openly
International Monetary Fund - 2016
This paper outlines the IMF's perspective on the economic impact of corrup-tion and experience in helping countries … design and implement strategies to address it. Corruption has a broader corrosive impact on society. It undermines trust in … influence and political interference. Corruption afflicts countries at all stages of development. Indeed, some developing …
Persistent link: https://www.econbiz.de/10014408053
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Roads to Nowhere : How Corruption in Public investment Hurts Growth
International Monetary Fund - 1998
kickbacks these projectspresent. This paper contends that such corruption increases the numberof capital projects undertaken and …
Persistent link: https://www.econbiz.de/10014409386
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Improving Governance and Fighting Corruption in the Baltic and CIS Countries : The Role of the IMF
International Monetary Fund - 2005
Drawing on recent examples of corruption in the Baltics and former Soviet Union, this pamphlet analyzes the links … between governance and corruption, and emphasizes the high economic cost that corruption exacts. The pamphlet outlines how the … IMF is working with the countries of the former Soviet Union to curb corruption, and put in place the regulatory and legal …
Persistent link: https://www.econbiz.de/10014399845
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Corruption and Military Spending
International Monetary Fund - 2000
Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such … the period 1985–98. The association between military spending and corruption is ascertained by using panel regression … techniques. The results suggest that corruption is indeed associated with higher military spending as a share of both GDP and …
Persistent link: https://www.econbiz.de/10014399916
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Corruption and the Rate of Temptation : Do Low Wages in the Civil Service Cause Corruption?
International Monetary Fund - 1997
This paper develops and tests two efficiency wage models of corruption in the civil service. Under fair wage models …, civil service wages are an important determinant of corruption. Under shirking models, the level of wages is of secondary … importance, as potential bribes dwarf wage income. The empirical evidence points to a negative relationship between corruption …
Persistent link: https://www.econbiz.de/10014400303
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Italy; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
This 2013 Article IV Consultation highlights Italy’s assesses measures undertaken to revive economic growth. Italy is …
Persistent link: https://www.econbiz.de/10011243723