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Book Chapter
Excess Credit and the South Korean CrisisFrom the book: Domestic Resource Mobilization and Financial Development
Budget deficits Credit Financial crisisWorking Paper
Excess Credit and the South Korean CrisisWe provide a novel empirical analysis of the South Korean credit market that reveals large volumes of excess credit since the late 1970s, indicating that a sizeable proportion of total credit was being used to refinance unprofitable projects...
Budget deficits Credit Financial crisisBook Chapter
The Macroeconomics of Fiscal Policy in Developing CountriesFrom the book: Fiscal Policy for Development
Budget deficits Public debt Public expendituresWorking Paper
HIPC Relief: Too Late, Too Little?: Perspectives from a New Qualifier, TanzaniaIn 1970 the external debt of Tanzania, a least developed country, was 16.8 per cent of GDP and 58.6 per cent of exports. The ratio of per capita debt to per capita income was 14.4 per cent...
Budget deficits Public debt Government spending policyWorking Paper
The Impact of External Debt on Economic Growth in Kenya: An Empirical AssessmentA group of low-income countries classified as HIPCs have continued to experience difficulties in managing and servicing their huge stocks of external debt. Most of these countries including Kenya are in Sub-Saharan Africa...
Budget deficits Public debt Econometric models (Economic development)Working Paper
Macroeconomics of Fiscal Policy in Developing CountriesThis paper considers some aspects of the effects of fiscal policy on macroeconomic adjustment in developing countries. First, the paper reviews the notion of the fiscal deficit in the particular context of developing countries...
Budget deficits Public debt Public expendituresWorking Paper
Decentralized Socialism and Macroeconomic Stability: Lessons from ChinaUsing a survey of 300 state-owned enterprises (SOEs), we argue that the acceleration of inflation in China after 1984 was caused by the decentralization reforms in the state sector...
Budget deficits Economic growth Government business enterprisesWorking Paper
The Emergence and Stabilization of Extreme Inflationary Pressures in the Soviet UnionBudget deficits Public finance Inflation
Working Paper
The World Economic and Financial CrisisBudget deficits Economic development Economic integration
Working Paper
Country Study 17: TanzaniaTanzania has not yet successfully had an IMF standby arrangement that ran its course, although several programmes have been implemented at various points in time...
Budget deficits Economic growth Financial crisisWorking Paper
Country Study 9: EgyptSince joining the International Monetary Fund in 1945 as an original founding member, Egypt has signed four stabilization agreements with the Fund...
Budget deficits Public debt Economic developmentWorking Paper
Country Study 3: NicaraguaAlthough the economy expanded very rapidly in the 1960s and 1970s, with the manufacturing sector growing three-fold, the great majority of the people were excluded not only from the fruits of this economic progress but also from any participation in ...
Budget deficits Economic development Economic policy