Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

The paper provides estimates of an error-correction model of the demand for narrow money (M1) and broad money (M2) in Mozambique. In addition, it assesses whether the rapid growth in money balances during 1996–97 represents a structural break or can be associated with the rapidly expanding economic activity and lower opportunity costs of holding money. In contrast with several studies of economies at a similar level of development as Mozambique, the paper obtains statistically significant coefficients for both financial and real explanatory variables. In this connection, it successfully includes the yield of foreign instruments (expressed in local currency) as one of the key explanatory variables.

Foreign Exchange --- Inflation --- Macroeconomics --- Money and Monetary Policy --- Statistics --- Demand for Money --- Price Level --- Deflation --- General Financial Markets: General (includes Measurement and Data) --- Monetary economics --- Currency --- Foreign exchange --- Econometrics & economic statistics --- Demand for money --- Exchange rates --- Consumer price indexes --- Economic and financial statistics --- Money --- Prices --- Price indexes --- Economic statistics --- Mozambique, Republic of

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Central America, Panama, and the Dominican Republic coped well with the global financial crisis of 2008-09. The impact was generally less severe and shorter lived than in previous episodes, the balance of payments adjustment was orderly, and the stability of the financial system was not compromised. This resilience can be attributed to a large extent to the strengthening of the fiscal frameworks, monetary management, and financial reforms conducted in the years preceding the global crisis. Nevertheless, the region faces considerable challenges for the period ahead, including the need to raise medium term growth above historical levels and protect macroeconomic and financial stability. This book argues that meeting these challenges will have to come from within, in light of the anticipated modest demand growth from trade partners. Raising growth in the region will depend on the adoption of structural reforms that generate substantial productivity gains. Rebuilding fiscal space and securing debt sustainability will hinge on efforts to increase tax revenue and reorienting spending to social and investment priorities. In the non-officially dollarized economies, it will also be essential to strengthen the monetary policy frameworks to keep inflation low and increase exchange rate flexibility, and improve financial regulation and supervision.

Global Financial Crisis, 2008-2009 --- Financial crises --- Fiscal policy --- Monetary policy --- Banks and banking --- Business & Economics --- Economic History --- State supervision --- Global Financial Crisis, 2008-2009. --- Central America --- Economic conditions. --- Global Economic Crisis, 2008-2009 --- Subprime Mortgage Crisis, 2008-2009 --- Banks and Banking --- Finance: General --- Macroeconomics --- Money and Monetary Policy --- Public Finance --- Foreign Exchange --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Debt --- Debt Management --- Sovereign Debt --- Interest Rates: Determination, Term Structure, and Effects --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Taxation, Subsidies, and Revenue: General --- Monetary Policy --- Banking --- Public finance & taxation --- Monetary economics --- Financial services law & regulation --- Public debt --- Central bank policy rate --- Revenue administration --- Monetary policy frameworks --- Financial services --- Dollarization --- Currencies --- Money --- Debts, Public --- Interest rates --- Revenue --- Dominican Republic

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

América Central, Panamá y la República Dominicana sobrellevaron bien la crisis financiera mundial de 2008-09. El impacto fue en general menos severo y de menor duración que en episodios anteriores, el ajuste de la balanza de pagos fue ordenado, y la estabilidad del sistema financiero no se vio comprometida. Esta capacidad de resistencia puede atribuirse en gran medida al fortalecimiento de los marcos fiscales, a la gestión monetaria y a las reformas financieras introducidas en los años anteriores a la crisis internacional. Sin embargo, la región se enfrenta a considerables desafíos en el período venidero, entre ellos el de elevar el crecimiento a mediano plazo por encima de los niveles históricos y el de proteger la estabilidad macroeconómica y financiera. Este libro sostiene que la respuesta a estos desafíos deberá provenir de la demanda interna, considerando que se prevé un magro crecimiento de la demanda en los países que son socios comerciales. Por lo tanto, para estimular el crecimiento en la región será esencial adoptar reformas estructurales que generen mejoras sustanciales de la productividad. La reconstrucción del espacio fiscal y el logro de la sostenibilidad de la deuda dependerán de las medidas que se tomen para aumentar los ingresos fiscales y reorientar los gastos en función de las prioridades sociales y de inversión. En las economías no oficialmente dolarizadas también será fundamental fortalecer los marcos de política monetaria a fin de mantener la inflación en un bajo nivel y flexibilizar el tipo de cambio, y mejorar la regulación y supervisión financiera.

Genealogy. --- Ancestry --- Descent --- Family history (Genealogy) --- Family trees --- Genealogical research --- Genealogy --- Pedigrees --- Auxiliary sciences of history --- History --- Biography --- Heraldry --- Precedence --- Methodology --- Research --- Dooley family. --- Loogootee (Ind.) --- Loogootee, Ind. --- Banks and Banking --- Finance: General --- Macroeconomics --- Money and Monetary Policy --- Public Finance --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Debt --- Debt Management --- Sovereign Debt --- Interest Rates: Determination, Term Structure, and Effects --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Taxation, Subsidies, and Revenue: General --- Banking --- Public finance & taxation --- Monetary economics --- Financial services law & regulation --- Public debt --- Central bank policy rate --- Revenue administration --- Monetary policy frameworks --- Banks and banking --- Debts, Public --- Interest rates --- State supervision --- Monetary policy --- Dominican Republic

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

América Central, Panamá y la República Dominicana sobrellevaron bien la crisis financiera mundial de 2008-09. El impacto fue en general menos severo y de menor duración que en episodios anteriores, el ajuste de la balanza de pagos fue ordenado, y la estabilidad del sistema financiero no se vio comprometida. Esta capacidad de resistencia puede atribuirse en gran medida al fortalecimiento de los marcos fiscales, a la gestión monetaria y a las reformas financieras introducidas en los años anteriores a la crisis internacional. Sin embargo, la región se enfrenta a considerables desafíos en el período venidero, entre ellos el de elevar el crecimiento a mediano plazo por encima de los niveles históricos y el de proteger la estabilidad macroeconómica y financiera. Este libro sostiene que la respuesta a estos desafíos deberá provenir de la demanda interna, considerando que se prevé un magro crecimiento de la demanda en los países que son socios comerciales. Por lo tanto, para estimular el crecimiento en la región será esencial adoptar reformas estructurales que generen mejoras sustanciales de la productividad. La reconstrucción del espacio fiscal y el logro de la sostenibilidad de la deuda dependerán de las medidas que se tomen para aumentar los ingresos fiscales y reorientar los gastos en función de las prioridades sociales y de inversión. En las economías no oficialmente dolarizadas también será fundamental fortalecer los marcos de política monetaria a fin de mantener la inflación en un bajo nivel y flexibilizar el tipo de cambio, y mejorar la regulación y supervisión financiera.

Economic development. --- International finance. --- International Monetary Fund. --- Dominican Republic