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Development and Stabilization in Small Open Economies
This book analyses and explains the nature of the economies of small countries and territories. It includes an assessment of material prosperity in 41 small open economies worldwide, with case studies focusing on the Caribbean and Central America, with a review of the development of their economies in recent decades. The volume recommends a suite of economic policy tools for the management of these economies, demonstrating how these may best be employed in economies that live and breathe through international commerce. Among observations of interest is the fact that the devaluation of the local currency of a small nation makes the country worse off; even a currency that maintains its value i...
Jet
The weekly source of African American political and entertainment news.
Assessing Country Risk
Assessing country risk is a core component of surveillance at the IMF. It is conducted through a comprehensive architecture, covering both bilateral and multilateral dimensions. This note describes some of the approaches used internally by Fund staff to examine a wide array of systemic risks across advanced, emerging, and low-income economies. It provides a high-level view of the theory and methodologies employed, with an on-line companion guide providing more technical details of implementation. The guide will be updated as Fund staff’s methodologies for assessing country risk continue to evolve with experience and feedback. While the results of these approaches are not published by the IMF for market sensitivity reasons, they inform risk assessments featured in bilateral surveillance as well as in the IMF’s flagship publications on global surveillance.
Corruption, Taxes and Compliance
This paper revisits the effects of corruption on the state’s capacity to raise revenue, building on the existing empirical literature using new and more disaggregated data. We use a comprehensive dataset for 147 countries spanning 1995-2014, compiled by the IMF. It finds that—consistent with the existing literature—corruption is negatively associated with overall tax revenue, and most of its components. This relationship is predominantly influenced by the way corruption interacts with tax compliance. The establishment of large taxpayer offices improves tax compliance by dampening the perception of corruption, thereby boosting revenue.
Undercovering the System
Dive into the gripping exploration of societal intricacies in "Undercovering the System - Never Ending Slavery" by Sabrina Sinkewiz. In this thought-provoking book, Sinkewiz unveils the formidable challenge of re-educating a community entrenched in corruption, crime, and violence. With a keen eye on the global stage, the author exposes the repercussions of rampant government spending and the influential role played by institutions like the World Bank and the IMF in fostering economic instability. Drawing parallels between major historical conflicts and dissecting their common roots, Sinkewiz compellingly unravels a narrative of systemic illusions. The manuscript delves into the elusive nature of the financial system, unveiling a world where democracy may not be as liberating as it appears. As Sinkewiz fearlessly exposes the actions of the wealthiest 1%, readers are confronted with a stark reality - a system that many perceive as a colossal scam. Brace yourself for a journey into the heart of societal complexities, where truth and illusion collide in this illuminating essay.
Macroeconomic Developments and Selected Issues in Small Developing States
This report builds on the work in the 2013 Board paper on Fund Engagement with Small States, the 2013 background papers on Asian and Pacific small states and Caribbean small states, and the 2014 staff guidance note. It provides a deeper analysis and policy recommendations in respect of three challenges identified in these papers. Looking ahead, the paper also analyses the impact and possible policy responses to two global economic trends—lower oil prices and diverse movements in major currencies.
Jet
The weekly source of African American political and entertainment news.
Jet
The weekly source of African American political and entertainment news.
Jet
The weekly source of African American political and entertainment news.
