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Competition among Financial Centres in Asia-Pacific
  • Language: en
  • Pages: 463

Competition among Financial Centres in Asia-Pacific

Contents include an overview and policy recommendations; case studies which include Australian content; international perspectives; and issues and findings.

The Uruguay Round and the Arab Countries
  • Language: en
  • Pages: 212

The Uruguay Round and the Arab Countries

The benefits and challenges of the liberalization measures encompassed under the Uruguay Round were the subject of aseminar sponsored by the IMF, the Arab Fund for Economic and Social Development, the Arab Monetary Fund, and the World Bank. The papers presented in this publication, edited by Said El-Naggar, review the results of the Uruguay Round, examine the broad policy and macroeconomic implications of trade reform for the Arab countries, and consider certain of the sectoral trade reform measures - including trade in agricultural product, textiles and clothing, and services- embodied in the Uruguay Round agreement and their impact on the Arab countries.

How much fiscal adjustment is enough? : the case of Colombia
  • Language: en
  • Pages: 47
efficient debt reduction
  • Language: en
  • Pages: 64

efficient debt reduction

Debt reduction poses collective action problems that cannot be efficiently handled in the framework of voluntary market-based approaches. Instead we need concerted debt restructuring, based on below-market interest rates -- perhaps linked with credit enhancement by official creditors -- to provide the most direct mechanism for efficient, equitable sharing of losses.

Financial Policies, Growth, and Efficiency
  • Language: en
  • Pages: 39

Financial Policies, Growth, and Efficiency

None

Taxing Consumption in a Global Economy
  • Language: en
  • Pages: 68

Taxing Consumption in a Global Economy

This study examines recent fundamental tax reform proposals that would replace the US income tax system with one based on consumption. The two main variants on a consumption tax, destination basis and origin basis, are examined and placed in an open economy context.

Fiscal Management
  • Language: en
  • Pages: 294

Fiscal Management

Accountability of government to citizens is the foundation for good governance. Unfortunately, many developing countries suffer the results of dysfunctional governance systems that fail to provide even minimal levels of vital public services. The key message of the New Institutional Economics is that incentives matter. In the public sphere, the countries' accountability frameworks rewards, sanctions, and measurement of performance shape public sector performance. This book applies this fundamental insight to fiscal/budgetary analysis and public service delivery, giving the reader tools and around the globe examples of institutional arrangements that help citizens hold government accountable for their performance.

Voluntary and Involuntary Lending
  • Language: en
  • Pages: 49

Voluntary and Involuntary Lending

The reversal of net international capital flows since 1982 is attributable more to reduced inflows of new bank credits than to higher debt service obligations. Credible adjustment efforts would increase the creditors' willingness to lend new credits.

International Differences in Wage and Nonwage Labor Costs
  • Language: en
  • Pages: 63