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book (11)


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Book
Economic behaviour and policy choice under price stability
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ISBN: 0662223438 Year: 1994 Publisher: Ottawa Bank of Canada

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Book
The fair trade revolution
Author:
ISBN: 1783713909 184964571X 9781849645713 9781783713905 9780745330785 0745330789 0745330797 9780745330792 Year: 2011 Publisher: London ; New York : Pluto,

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Book
The fair trade scandal : marketing poverty to benefit the rich
Authors: ---
ISBN: 1783710144 1783710136 Year: 2014 Publisher: London : Pluto Press,

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Book
Automatic Fuel Pricing Mechanisms with Price Smoothing : Design, Implementation, and Fiscal Implications
Authors: --- --- --- ---
ISBN: 1475514069 1475571194 Year: 2013 Publisher: Washington, D.C. : International Monetary Fund,

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Many developing and emerging countries do not fully pass-through increases in international fuel prices to domestic retail prices, with adverse consequences for fuel tax revenues and tax volatility. The adoption of an automatic fuel pricing mechanism can help to address this problem, and the incorporation of a price smoothing mechanism can ensure pass-through over the medium term but also avoid sharp increases (and decreases) in domestic prices. This technical note addresses the following issues: (i) the design of an automatic fuel pricing mechanism; (ii) the incorporation of domestic price smoothing and resulting tradeoffs; (iii) the transition from ad hoc pricing adjustments to an automatic mechanism; and (iv) policies to support this transition and the maintenance of an automatic mechanism. A standardized template for simulating and evaluating the implications of alternative pricing mechanisms for price and fiscal volatility is available on request.


Book
Relative Price Stability, Creditor Rights, and Financial Deepening
Authors: --- ---
ISBN: 1462314465 1452768285 1283516829 9786613829276 1451911564 Year: 2007 Publisher: Washington, D.C. : International Monetary Fund,

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The paper provides a theoretical and cross-country empirical analysis of the determinants of financial deepening, and finds that higher credit-to-GDP ratios are associated with stronger creditor rights and lower inflation, and that the marginal effect of improvements in creditor rights protection is declining as the rate of inflation increases. The analysis suggests that in a high inflation environment, controlling inflation and reducing macroeconomic volatility should be given priority. Once these goals are achieved, the focus of attention should shift to creditor rights protection and credit information management.


Book
International Commodity Price Shocks, Democracy, and External Debt
Authors: --- --- ---
ISBN: 1462336574 1452713723 1283555158 1451991193 9786613867605 Year: 2010 Publisher: Washington, D.C. : International Monetary Fund,

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We examine the effects that international commodity price shocks have on external debt using panel data for a world sample of 93 countries spanning the period 1970-2007. Our main finding is that positive commodity price shocks lead to a significant reduction in the level of external debt in democracies, but to no significant reduction in the level of external debt in autocracies. To explain this result, we show that positive commodity price shocks lead to a statistically significant and quantitatively large increase in total government expenditures in autocracies. In democracies on the other hand government expenditures did not increase significantly. We also document that following positive windfalls from international commodity price shocks the risk of default on external debt decreased in democracies, but increased significantly in autocracies.

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