Finance
Can Debt Relief Boost Growth in Poor Countries?
Benedict Clements , Rina Bhattacharya , Toan Quoc Nguyen
Издател: International Monetary Fund
The Heavily Indebted Poor Countries (HIPC) Initiative, launched in 1999 by the IMF and the World Bank, was the first coordinated effort by the international financial community to reduce the foreign debt of the world's poorest countries. It was based on the theory that economic growth in heavily indebted poor countries was being stifled by heavy
Central Banking in a Free Society
Tim Congdon
Издател: IEA
The author covers the Northern Rock affair and the subsequent instability in the UK financial system in the context of the history and desired future role of the Bank of England as a central bank. Tim Congdon, a respected monetary economist, shows how the Bank of England failed in its duties to provide Northern Rock with proper lender-of-last
CODE of Best SME Finance Practices in Southeastern Europe
Издател: Centre for Economic Development
The Code includes country case studies for Albania, Bulgaria, Croatia, Macedonia, Montenegro, Romania, Serbia, and a chapter with regional conclusions and recommendations. The Code aims at highlighting the most effective SME finance practices and programs in South East Europe, and at facilitating the development of new SME financing instruments.
Colombia`s Pension Reform
Klaus Schmidt-Hebbel
Издател: The World Bank
In 1994 Colombia started replacing its state-run and pay-as-you-go (PAYG) pension system by a privately-run and fully-funded scheme. This study analyzes prospective fiscal and macroeconomic implications of this reform. It compares the features of Colombia's old and new pension system, puts them into broader international context, and looks at the
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