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Mehr Optionen

The East African Community: Prospects for Sustained Growth

von Il Houng Lee & Murtaza H. Syed

The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status...

Australia: 2012 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; And Statement

von International Monetary Fund

GDP growth is likely to remain strong, although narrowly driven by a mining investment boom, increasing the economy's vulnerability to terms of trade shocks. Outside the mining sector, growth is expected to...

Australia: Financial Safety Net and Crisis Management Framework-Technical Note

von Shu-Chun S. Yang

Australia has a history of few bank failures, even fewer financial crises, and its banking sector emerged from the global financial crisis relatively well.1 With an eye toward international developments, the...

Public Investment in Resource-Abundant Developing Countries

von James L. Smith

Natural resource revenues provide a valuable source to finance public investment in developing countries, which frequently face borrowing constraints and tax revenue mobilization problems. This paper develops...

Effects of Capital Flow Liberalization-What Is the Evidence from Recent Experiences of Emerging Market Economies?

von International Monetary Fund

This paper analyzes the experiences of emerging market economies (EMEs) that have liberalized capital flows over the past 15 years with respect to macroeconomic performance and risks to financial stability....

Measures of Fiscal Risk in Hydrocarbon-Exporting Countries

von International Monetary Fund

The recent relatively high levels of global oil prices have led to a significant improvement in the public finances of several hydrocarbon-exporting countries. However, despite the increase in fiscal buffers,...

Long-Run and Short-Run Determinants of Sovereign Bond Yields in Advanced Economies

von International Monetary Fund

We analyze determinants of sovereign bond yields in 22 advanced economies over the 1980-2010 period using panel cointegration techniques. The application of cointegration methodology allows distinguishing between...

Australia: Basel Core Principles for Effective Banking Supervision-Detailed Assessment of Observance

von International Monetary Fund

Australia has a very high level of compliance with the Basel Core Principles for Effective Banking Supervision (BCPs). The Australian banking system was more sheltered than a number of other countries and weathered...

The Challenges of Fiscal Consolidation and Debt Reduction in the Caribbean

von Alejandro López Mejía & Fernando L Delgado

This paper examines debt dynamics in the Caribbean and discusses policy options for reducing the high debt levels. Based on empirical studies of factors underlying global large debt reduction episodes, important...

Australia: Insurance Core Principles-Detailed Assessment of Observance

von International Monetary Fund

The insurance industry in Australia has weathered the global financial crisis well and was resilient to the catastrophic events in 2010/11. The insurance industry is mature but relatively small compared to the...

Modeling the Impact of Taxes on Petroleum Exploration and Development

von International Monetary Fund

We present a simple model of petroleum exploration and development that can be applied to study the performance of alternative tax systems and identify potential distortions. Although the model is a highly simplified,...

Republic of Croatia: Selected Issues

von Niamh Sheridan & B. Jang

This paper on Selected Issues was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information...

Australia: Iosco Objectives and Principles of Securities Regulation-Detailed Assessment of Implementation

von International Monetary Fund

The Australian legal and regulatory framework for securities markets exhibits a high level of compliance with the International Organization of Securities Commissions (IOSCO) Principles. A few remaining concerns...

Mongolia: Technical Assistance Report-Safeguarding Domestic Revenue-A Mongolian Dta Model

von International Monetary Fund

This technical assistance report on Mongolia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on...

Fiscal Rules at a Glance: Country Details from a New Dataset

von International Monetary Fund

This paper provides country-specific information on fiscal rules in use in 81 countries from 1985 to end-September 2012. It serves as background material and update of the July 2012 Working Paper "Fiscal Rules...

Investment-Led Growth in China: Global Spillovers

von International Monetary Fund

Over the past decade, China's growth model has become more reliant on investment and its footprint in global imports has widened substantially. Several economies within China's supply chain are increasingly...

Ukraine: Staff Report for the 2012 Article IV Consultation

von International Monetary Fund

Following the 2008/9 financial crisis and deep recession, a cyclical recovery took hold in Ukraine, supported by a stronger external environment. Efforts to consolidate public finances and repair the banking...

Duffy's Regiment: A History of the Hastings and Prince Edward Regiment

von Kenneth B. Smith

This is the gripping story of how one man's half-century of service and devotion helped build and develop the Hastings & Prince Edward Regiment; and how that regiment played a vital role in Canada's efforts...

A Scandinavian Heritage: 200 Years of Scandinavian Presence in the Windsor-Detroit Border Region

von Joan Magee

A Scandinavian Heritage surveys the numerous contributions made in this area by the people of 5 nations: Denmark, Norway, Sweden, Finland, and Iceland. The history of these people, from the first settlers to...

Maps That Made History: The Influential, the Eccentric and the Sublime

von Dr. Lez Smart

Features 25 glorious maps that chart societies, land, sea, and skies; maps that have influenced and inspired; and maps that misrepresent.