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  • Public Enterprise in Mixed Economies: Some Macroeconomic Aspects

    This volume, written by Robert H. Floyd, Clive S. Gray, and R.P. Short, contains three papers dealing with various aspects of the public enterprise sector and the impact that these may have on macroeconomic analysis. ... Leer más

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  • Manual on Fiscal Transparency

    This Manual provides guidance on the implementation of the Code of Good Practices on Fiscal Transparency by setting out its principles and practices in detail, and establishing priorities for improving fiscal transparency. Serving as a reference for economists and financial analysts on the various aspects of fiscal transparency, the Manual includes a section on open budget preparation, execution, ... Leer más

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  • The Baltic Countries: From Economic Stabilization to EU Accession

    Series Libro 173 - Occasional Papers
    Are the three Baltic countries, Latvia, Estonia, and Lithuania, ready for accession to the European Union? Have their economies overcome the problems of transition? The answers to these questions and their implications for policy are provided in this collection of analyses. Rather than a country-by-country description, the volume provides a cross-country perspective of developments from 1994 ... Leer más

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  • Banking Crises, Liquidity, and Credit Lines

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    Series series Routledge International Studies in Money and Banking
    The banking crises in 2007-10 are not exceptional. There have been many such crises in the past in both developed countries and emerging economies. A banking crisis can be related to solvency or liquidity (or both). This book focuses on banking crisis and liquidity. This book starts from basics and gradually builds up with very few technicalities. Though the analysis is primarily theoretical, we ... Leer más

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  • Prometheus Shackled

    Goldsmith Banks and England's Financial Revolution after 1700

    After 1688, Britain underwent a revolution in public finance, and the cost of borrowing declined sharply. Leading scholars have argued that easier credit for the government, made possible by better property-rights protection, lead to a rapid expansion of private credit. The Industrial Revolution, according to this view, is the result of the preceding revolution in public finance. In Prometheus ... Leer más

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  • Current Developments in Monetary and Financial Law, Vol. 2

    Series Libro 2 - Seminar Volumes
    The papers published in this volume are based on an IMF seminar held in 2000 that covered a broad range of topics on monetary and financial law, such as the liberalization of capital movements, data dissemination, responsibilities of central banks, and the IMF’s goals in financial surveillance and architecture. Participants addressed recent issues in the financial sector, including those related ... Leer más

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  • Central Bank Ratings

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    When the global financial crisis broke, central banks in both the US and the UK undertook massive asset purchase programmes which resulted in considerable increase in assets. Cross-border spillover effects were noted across global economies. Balance sheet adjustments may eventually gnaw at the profit-earning capacities of central banks, and in extreme cases, negative equity can manifest.This study ... Leer más

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  • The Economics of Public Health Care Reform in Advanced and Emerging Economies

    Health care reform will be a key fiscal policy challenge in both advanced and emerging economies in coming years. In the advanced economies, the health sector has been one of the main drivers of government expenditure, accounting for about half of the rise in total spending over the past forty years. These spending pressures are expected to intensify over the next two decades, reflecting the aging ... Leer más

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  • Voting Power and Procedures

    Essays in Honour of Dan Felsenthal and Moshé Machover

    Series series Economics and Finance (R0)
    This collection of essays honouring Dan Felsenthal and Moshé Machover reconsiders foundational aspects of the measurement of voting power. The specific case of voting power in two-tier systems - for instance the US system and the EU system - is analysed. Furthermore major power indices - Penrose, Banzhaf, Shapley-Shubik and others are revisited. The book proposes new voting procedures and studies ... Leer más

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  • Building Strong Banks Through Surveillance and Resolution

    Since the mid-1990s, economic observers have kept a watchful eye on the financial sector because of its potential to spark economic crises. Banks in particular have come under close scrutiny. Building Strong Banks through Surveillance and Resolution offers guidance on setting up regulatory and supervisory regimes that can help to prevent crises, and on dealing with turmoil, should a crisis erupt. ... Leer más

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  • IMF Conditionality: Experience Under Stand-by and Extended Arrangements, Part I: Key Issues and Findings

    Series Libro 128 - Occasional Papers
    This paper is Part I of a two-volume study conducted as a part of the IMF's ongoing process of evaluating its lending facilities. It focuses on IMF-supported programs and macroeconomic performance during 1988-92, reflecting information available through the end of 1993. Part I provides an overview of the experiences during the arrangements reviewed: it describes the initial conditions faced in ... Leer más

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  • Efficiency and Equity in Welfare Economics

    Series series Economics and Finance (R0)
    Increasing efficiency in generating national income and improving equity in its distribution among economic agents is at the forefront of priorities of most modern economies. This book presents a model which aims to maximize a symmetrical welfare function under certain constraints which consider both efficiency and equity, i.e. taxes and subsidies, implemented by a public authority. The model is ... Leer más

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