A Simple Stochastic Approach to Debt Sustainability Applied to Lebanon
A Simple Stochastic Approach to Debt Sustainability Applied to Lebanon

Author: Julian di Giovanni

Publisher: INTERNATIONAL MONETARY FUND

Published: 2008-04-01

Total Pages: 23

ISBN-13: 9781451869583

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This paper applies a simple probabilistic approach to debt sustainability analysis to the case of Lebanon. The paper derives "fan charts" to depict the probability distribution of the government debt to GDP ratio under a medium-term adjustment scenario, as a result of shocks to GDP growth and interest rates. The distribution of shocks is derived from the past shocks to these variables and the related variance covariance. Because we are interested in assessing the sustainability of a particular policy scenario, we do not consider independent fiscal policy shocks or the endogenous policy response to shocks.

A Simple Stochastic Approach to Debt Sustainability Applied to Lebanon
A Simple Stochastic Approach to Debt Sustainability Applied to Lebanon

Author: Julian di Giovanni

Publisher:

Published: 2014

Total Pages: 25

ISBN-13:

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This paper applies a simple probabilistic approach to debt sustainability analysis to the case of Lebanon. The paper derives quot;fan chartsquot; to depict the probability distribution of the government debt to GDP ratio under a medium-term adjustment scenario, as a result of shocks to GDP growth and interest rates. The distribution of shocks is derived from the past shocks to these variables and the related variance covariance. Because we are interested in assessing the sustainability of a particular policy scenario, we do not consider independent fiscal policy shocks or the endogenous policy response to shocks.

Money in the Middle East and North Africa
Money in the Middle East and North Africa

Author: David Cobham

Publisher: Routledge

Published: 2010-12-07

Total Pages: 295

ISBN-13: 1136864164

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Building on the editors’ earlier book, Monetary Policy and Central Banking in the Middle East and North Africa, this book emphasises monetary policy strategies and frameworks. It fills an important gap providing multi-country and single-country studies on monetary policy in post-civil war Lebanon, Egypt, Jordan, the Palestinian Territory and Turkey.

IMF Research Bulletin, December 2008
IMF Research Bulletin, December 2008

Author: International Monetary Fund. Research Dept.

Publisher: International Monetary Fund

Published: 2008-12-11

Total Pages: 19

ISBN-13: 1451959540

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December 2008: IMF research summaries on global herding in financial markets (by Marco Cipriani) and on fiscal decentralization (by Lusine Lusinyan); article on the experiences of IMF staff at the Nobel Laureate Meetings in Lindau, Germany (by Chris Crowe); listing of visiting scholars at the IMF during August–December 2008; listing of contents of Vol. 55 No. 4 of IMF Staff Papers; listing of recent IMF Working Papers; listing of recent external publications by IMF staff; and a Call for Papers for an upcoming conference on structural reforms.

Caribbean Renewal
Caribbean Renewal

Author: Charles Amo Yartey

Publisher: International Monetary Fund

Published: 2014-05-06

Total Pages: 397

ISBN-13: 1484321170

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Caribbean economies face high and rising debt-to-GDP ratios that jeopardize prospects for medium-term debt sustainability and growth. This book provides a comprehensive analysis of the challenges of fiscal consolidation and debt reduction in the Caribbean. It examines the problem of high debt in the region and discusses policy options for improving debt sustainability, including fiscal consolidation, robust growth, and structural reforms. The book also examines empirically the factors underlying global large debt reduction episodes to draw important policy lessons for the Caribbean. It also reviews the literature on successful fiscal consolidation experiences and provides an overview of past and current consolidation efforts in the Caribbean. The book concludes that the region needs a broad and sustained package of reforms to reduce debt ratios to more manageable levels and strengthen economic resilience.

OECD Economic Surveys: Hungary 2012
OECD Economic Surveys: Hungary 2012

Author: OECD

Publisher: OECD Publishing

Published: 2012-03-13

Total Pages: 154

ISBN-13: 9264127275

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OECD's 2012 Economic Survey of Hungary reviews economic developments, prospects and policies and provides a series of policy recommendations. It also includes a special chapter on the labour market.

Global Waves of Debt
Global Waves of Debt

Author: M. Ayhan Kose

Publisher: World Bank Publications

Published: 2021-03-03

Total Pages: 403

ISBN-13: 1464815453

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The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

OECD Economic Surveys: Hungary 2012
OECD Economic Surveys: Hungary 2012

Author: OECD

Publisher: OECD Publishing

Published: 2012-03-21

Total Pages: 156

ISBN-13: 9789264127265

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OECD's 2012 Economic Survey of Hungary reviews economic developments, prospects and policies and provides a series of policy recommendations. It also includes special chapters on the labour market and on the health care system.