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How Have IMF Priorities Evolved? A Text Mining Approach
This paper assess how priorities of the IMF’s membership have evolved over the past two decades, by using text mining techniques on a unique dataset combining IMFC communiqués and constituency statements. Our results reveal significant variation in priorities across time and constituencies. Statements can be characterized by the weight which they place on three key priorities: (i) growth; (ii) debt and development; and (iii) crisis management and quota reform. Sentiment analysis techniques also show that addressing climate change is a topic which is viewed positively by an increasing number of constituencies.
Lessons from Haiti’s Recent Exchange Rate Developments
From August to October 2020, the Haitian authorities were successful at bringing about a sharp appreciation in the gourde/U.S. dollar exchange rate. This paper analyzes the factors behind this appreciation and its spillovers on the economy. It finds that foreign exchange surrender requirements had a statistically significant effect on the nominal exchange rate, while foreign exchange intervention by the central bank did not. Surrender requirements were also found to have raised trading costs and volatility in the foreign exchange market and contributed to the development of a wider parallel nominal exchange rate premium. This appreciation contributed to a decline in headline inflation during the episode while delivering some fuel subsidy-related savings to the government. Remittance-dependent households and exporters saw a drop in their purchasing power, and Haiti’s net external buffers were adversely affected. Following from these findings, the paper offers recommendations on ways to facilitate foreign exchange management and boost external sustainability while contributing to the central bank’s overall policy objectives.
English as a Global Language
Written in a detailed and fascinating manner, this book is ideal for general readers interested in the English language.
Sports Law in the Philippines
Derived from the renowned multi-volume International Encyclopaedia of Laws, this practical analysis of sports law in Philippines deals with the regulation of sports activity by both public authorities and private sports organizations. The growing internationalization of sports inevitably increases the weight of global regulation, yet each country maintains its own distinct regime of sports law and its own national and local sports organizations. Sports law at a national or organizational level thus gains a growing relevance in comparative law. The book describes and discusses both state-created rules and autonomous self-regulation regarding the variety of economic, social, commercial, cultur...
Sport and Psychoanalysis
Sport and Psychoanalysis: What Sport Reveals about Our Unconscious Desires, Fantasies, and Fears explores the intersection of sport and psychoanalysis, emphasizing the often-overlooked psycho-social dimensions underpinning the experience of sport. By challenging the idea that sport offers an “escape” from reality—a realm separate to the politics of everyday life—each chapter critically considers the unconscious desires, fantasies, and fears that underpin the sporting spectacle for both participants and spectators. Indeed, beyond simply applying psychoanalysis to sport, this book proposes how sport can be used to pose questions to psychoanalysis, thus using sport as a medium to elucid...
Water-Energy-Nexus in the Ecological Transition
This volume includes selected contributions presented during the 3rd edition of the international conference on WaterEnergyNEXUS, which was held in Tunisia in December 2020. This conference was organized by the University of Sfax (Tunisia), in cooperation with the Sanitary Environmental Engineering Division (SEED) of the University of Salerno (Italy), the Advanced Institute of Water Industry at Kyungpook National University (Korea) and The Energy and Resources Institute, TERI (India). The WaterEnergyNEXUS series of conferences are supported by the UNESCO World Water Association Programme (WWAP) and the International Water Association (IWA). It also enjoys the patronage of several internation...
