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Fragile by Design: The Political Origins of Banking Crises and Scarce Credit
Calomiris, Charles W.; Haber, Stephen H. - Princeton University Press
Why are banking systems unstable in so many countries--but not in others? The United States has had twelve systemic … banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone … but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking …
Persistent link: https://www.econbiz.de/10011082760
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Fragile by Design: The Political Origins of Banking Crises and Scarce Credit
Calomiris, Charles W.; Haber, Stephen H. - Princeton University Press
Why are banking systems unstable in so many countries--but not in others? The United States has had twelve systemic … banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone … but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking …
Persistent link: https://www.econbiz.de/10011082767
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Republic of Madagascar; 2005 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Republi...
International Monetary Fund (IMF); International … - 2005
This 2005 Article IV Consultation highlights that macroeconomic developments in Madagascar in 2003 and 2004 were dominated by the sharp depreciation of the national currency, and rising inflation pressures, with year-over-year consumer price inflation reaching 30 percent at end-February 2005. At...
Persistent link: https://www.econbiz.de/10005824915
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Paraguay; Fourth Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement...
International Monetary Fund (IMF); International … - 2006
areas of structural reform are important, public banking reform has proved to be difficult, and its implementation will …
Persistent link: https://www.econbiz.de/10005824933
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Algeria; 2005 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Alger...
International Monetary Fund (IMF); International … - 2006
This 2005 Article IV Consultation highlights that the Algerian economy continues to benefit from abundant and increasing hydrocarbon revenues. Real GDP growth is expected to continue at about 5 percent in 2005, led by increased output in the hydrocarbon sector and sustained activity in the...
Persistent link: https://www.econbiz.de/10005825061
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Mongolia; Request for Stand-By Arrangement: Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Mongolia
International Monetary Fund (IMF); International … - 2009
This paper focuses on proposed Stand-By arrangement (SBA) for Mongolia. This proposed SBA would aim to smooth adjustment to the catastrophic terms-of-trade shock, restore health to the country’s fiscal finances, and allow for exchange rate flexibility in line with market conditions. In...
Persistent link: https://www.econbiz.de/10011242535
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Grenada; First Review Under the Poverty Reduction and Growth Facility Arrangement, Request for Waiver of Performance Criterion, Financing Assurance Review, Request for Rephasing an...
International Monetary Fund (IMF); International … - 2008
The staff report for the First Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement highlights Grenada’s economic performance in many respects. The time needed to address the unregulated bank, as well as fiscal slippages and the slow pace of structural reform, delayed...
Persistent link: https://www.econbiz.de/10011242547
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Lao People’s Democratic Republic; 2008 Article IV Consultation: Staff Report; Staff Supplement; Staff Statement; and Public Information Notice on the Executive Board Discussion...
International Monetary Fund (IMF); International … - 2008
This 2008 Article IV Consultation highlights that Lao People’s Democratic Republic’s (PDR) economy has performed well in recent years, owing to generally stable macroeconomic conditions and a rapidly expanding natural resource sector. Real GDP growth has averaged more than 7...
Persistent link: https://www.econbiz.de/10011242675
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Cambodia; Staff Report for the 2011 Article IV Consultation
International Monetary Fund (IMF); International … - 2012
This 2011 Article IV Consultation reports that Cambodia’s high degree of dollarization and largely reduced fiscal space constrain the authorities’ ability to cushion shocks. Macroeconomic stability hinges on prudent fiscal policies. The mission cautioned that fiscal space is...
Persistent link: https://www.econbiz.de/10011242895
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The Republic of Yemen; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
This staff report on the Republic of Yemen’s 2013 Article IV Consultation highlights economic development and policies. The macroeconomic situation stabilized in 2012, but the recovery remains fragile. After contracting by more than 12 percent in 2011, real GDP is estimated to have grown...
Persistent link: https://www.econbiz.de/10011242962