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Rising BRICs and Changes in Sub-Saharan Africa's Business Cycle Patterns

Rising BRICs and Changes in Sub-Saharan Africa's Business Cycle Patterns »

Volume/Issue: 2014/35

Series: IMF Working Papers

Author(s): Oumar Diallo , and Sampawende Tapsoba

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 February 2014

DOI: http://dx.doi.org/10.5089/9781484306598.001

ISBN: 9781484306598

Keywords: Business Cycle Synchronicity, and the BRICs., trade intensity, trading partners, industry trade, impact of trade, General,

This paper assesses the extent to which Sub-Saharan Africa (SSA)'s business cycle is synchronized with that of the rest of the world (RoW). Findings suggest that SSA's business cycle has not only moved in the same...

Spillovers to Low-Income Countries
			: Importance of Systemic Emerging Markets

Spillovers to Low-Income Countries : Importance of Systemic Emerging Markets »

Volume/Issue: 2012/49

Series: IMF Working Papers

Author(s): Era Dabla-Norris , Raphael Espinoza , and Sarwat Jahan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

DOI: http://dx.doi.org/10.5089/9781463937102.001

ISBN: 9781463937102

Keywords: Growth Spillovers, Low-Income Countries, Decoupling, Panel Estimate, real gdp, gdp growth, commodity prices, commodity exporters, Economic Growth of Open Economies,

This paper documents the expanding economic linkages between low-income countries (LICs) and a narrow group of "Emerging Market leaders" that have become major players in regional and global trade and financial flo...

The Impact of the Global Financial Crisison Microfinance and Policy Implications

The Impact of the Global Financial Crisison Microfinance and Policy Implications »

Volume/Issue: 2011/175

Series: IMF Working Papers

Author(s): Gabriel Di Bella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2011

DOI: http://dx.doi.org/10.5089/9781462313303.001

ISBN: 9781462313303

Keywords: global financial crisis, lending rate fundamentals, capital markets, international capital, Financial Institutions and Services: Government Policy and Regulation,

The global financial crisis affected microfinance institutions (MFIs) as lending growth was constrained by scarcer borrowing opportunities, while the economic slowdown negatively impacted asset quality and profitab...

Tourism Specialization and Economic Development
			: Evidence from the UNESCO World Heritage List

Tourism Specialization and Economic Development : Evidence from the UNESCO World Heritage List »

Volume/Issue: 2009/176

Series: IMF Working Papers

Author(s): John Piotrowski , Rabah Arezki , and Reda Cherif

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2009

DOI: http://dx.doi.org/10.5089/9781451873238.001

ISBN: 9781451873238

Keywords: economic development and growth and instrumental variables, unesco world heritage, heritage, world heritage,

The present paper investigates whether tourism specialization is a viable strategy for development. We estimate standard growth equations augmented with a variable measuring tourism specialization using instrumenta...

Gender Budgeting

Gender Budgeting »

Volume/Issue: 2006/232

Series: IMF Working Papers

Author(s): Janet Stotsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2006

DOI: http://dx.doi.org/10.5089/9781451864922.001

ISBN: 9781451864922

Keywords: Gender budgeting, government budgets, gender inequalities, gender inequality, gender issues, National Budget,

Women are disadvantaged relative to men, according to key economic, social, and political measures of equality, but in many areas, such as education, differences are narrowing. The concept of externalities underlie...

Robbing the Riches
			: Capital Flight, Institutions, and Instability

Robbing the Riches : Capital Flight, Institutions, and Instability »

Volume/Issue: 2005/199

Series: IMF Working Papers

Author(s): Sweta Saxena , Meenakshi Rishi , and Valerie Cerra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2005

DOI: http://dx.doi.org/10.5089/9781451862188.001

ISBN: 9781451862188

Keywords: Institutions, external debt, debt accumulation, external borrowing, short-term debt, International Factor Movements and International Business: General, International Lending and Debt Problems,

Capital flight may undermine economic growth and the effectiveness of debt relief and foreign aid. This paper is the first attempt to test whether unsound macroeconomic policies or weak institutions lead to capital...

A Game-Theoretic Analysis of Corruption in Bureaucracies

A Game-Theoretic Analysis of Corruption in Bureaucracies »

Volume/Issue: 2000/106

Series: IMF Working Papers

Author(s): Era Dabla-Norris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2000

DOI: http://dx.doi.org/10.5089/9781451852882.001

ISBN: 9781451852882

Keywords: hierarchies, multiple equilibria, wage, wage incentives, wages, central authorities, salaries

This paper examines interactions between self-interested agents in a two-tier government hierarchy, consisting of a central authority and bureaucrats in a two-stage game, where the actions of agents affect private...

Military Spending, the Peace Dividend, and Fiscal Adjustment

Military Spending, the Peace Dividend, and Fiscal Adjustment »

Volume/Issue: 1999/87

Series: IMF Working Papers

Author(s): Benedict Clements , Jerald Schiff , Peter Debaere , and Hamid Davoodi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1999

DOI: http://dx.doi.org/10.5089/9781451851007.001

ISBN: 9781451851007

Keywords: military spending, peace dividend, fiscal adjustment, military, civil war, military expenditures, arms

The end of the Cold War has ushered in significant changes in worldwide military spending. This paper finds that the easing of (1) international tensions, (2) regional tensions, and (3) the existence of IMF-support...