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Côte d’Ivoire; Poverty Reduction Strategy Paper

International Monetary Fund (IMF); International … - 2013

Côte d’Ivoire's government decided on the National Development Plan to give a new impetus to its development policy. This new strategy is based on an ambitious and realistic recovery and development program centered on private and public investment. The institutional monitoring framework for...

Persistent link: https://www.econbiz.de/10011244156

Local Government Financing Platforms in China: A Fortune or Misfortune?

Lu, Yinqiu; Sun, Tao - International Monetary Fund (IMF) - 2013

Chinaâ€™s rapid credit expansion in 2009â€“10 brought local government financing platforms (LGFPs) into the spotlight. This paper discusses their function, reasons behind their recent expansion, and risks they are posing to the financial sector, local governments, and sovereign balance...

Persistent link: https://www.econbiz.de/10011142145

Guatemala; Ex Post Evaluation of Exceptional Access Under the 2009 Stand-By Arrangement

International Monetary Fund (IMF); International … - 2011

Owing to the deteriorating economy of Guatemala, authorities requested a Stand-By Arrangement (SBA) with access of SDR 630.6 million in April 2009, which aimed at safeguarding macroeconomic and financial stability and anchoring investor confidence. Executive Directors have agreed that the SBA is...

Persistent link: https://www.econbiz.de/10011142208

Institutional Models for Macroprudential Policy

Nier, Erlend; Jácome, Luis Ignacio; Osinski, Jacek; … - International Monetary Fund (IMF) - 2011

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...

Persistent link: https://www.econbiz.de/10011142223

Institutional Transformations, Polity and Economic Outcomes; Testing the North-Wallis-Weingast Doorsteps Framework

Quintyn, Marc; Gollwitzer, Sophia - International Monetary Fund (IMF) - 2012

This paper tests the theoretical framework developed by North, Wallis and Weingast (2009) on the transition from closed to open access societies. They posit that societies need to go through three doorsteps: (i) the establishment of rule of law among elites; (ii) the adoption of perpetually...

Persistent link: https://www.econbiz.de/10011242192

Country Stress Events; Does Governance Matter?

Kochanova, Anna; Caceres, Carlos - International Monetary Fund (IMF) - 2012

This paper analyzes the linkages between governance quality and country stress events. It focuses on two types of … that weaker governance quality is associated with a higher incidence of both fiscal and political stress events. In …

Persistent link: https://www.econbiz.de/10011242318

The Dynamic Effect of Social and Political Instability on Output; The Role of Reforms

Bernal-Verdugo, Lorenzo E.; Furceri, Davide; Guillaume, … - International Monetary Fund (IMF) - 2013

implement, in the aftermath of a social instability episode, reforms aimed at improving the level of governance. The results are …

Persistent link: https://www.econbiz.de/10011242339

Quality of Government and Living Standards; Adjusting for the Efficiency of Public Spending

Grigoli, Francesco; Ley, Eduardo - International Monetary Fund (IMF) - 2012

It is generally acknowledged that the governmentâ€™s output is difficult to define and its value is hard to measure. The practical solution, adopted by national accounts systems, is to equate output to input costs. However, several studies estimate significant inefficiencies in government...

Persistent link: https://www.econbiz.de/10011242341

Judicial System Reform in Italy - A Key to Growth

Esposito, Gianluca; Lanau, Sergi; Pompe, Sebastiaan - International Monetary Fund (IMF) - 2014

The inefficiency of the Italian judicial system has contributed to reduced investments, slow growth and a difficult business environment. The enforcement of civil and commercial claims suffers from excessive delays in court proceedings, resulting in a very large number of pending cases. The...

Persistent link: https://www.econbiz.de/10010790243

Financial Supervisory Independence and Accountability-Exploring the Determinants

Masciandaro, Donato; Quintyn, Marc; Taylor, Michael - International Monetary Fund (IMF) - 2008

We analyze recent trends in, and determinants of, financial supervisory governance. We first calculate levels of … quality of public sector governance plays a decisive role in establishing accountability arrangements, more than independence … also show that the likelihood of establishing adequate governance arrangements are higher when the supervisor is located …

Persistent link: https://www.econbiz.de/10010790276