A Policy Model for Tunisia with Real and Financial Flows


Book Description

Country economists and developing country decisionmakers can use this model to analyze fiscal, debt, and incomes policies -- and to derive implications for the exchange rate and for the availability of credit to the private sector. The extended model generates a complete flow of funds for each time period, along with projections of national accounts in current and constant prices. Elements of the extended model can be suppressed, changed, or further extended, making it a flexible tool for country economic analysis.




International Financial Integration


Book Description

In recent decades, the foreign assets and liabilities of advanced economies have grown rapidly relative to GDP, with the increase in gross cross-holdings far exceeding changes in the size of net positions. Moreover, the portfolio equity and FDI categories have grown in importance relative to international debt stocks. This paper describes the broad trends in international financial integration for a sample of industrial countries and seeks to explain the cross-country and time-series variation in the size of international balance sheets. It also examines the behavior of the rates of return on foreign assets and liabilities, relating them to "market" returns.




Tunisia


Book Description

The Arab Spring began and ended with Tunisia. In a region beset by brutal repression, humanitarian disasters, and civil war, Tunisia's Jasmine Revolution alone gave way to a peaceful transition to a functioning democracy. Within four short years, Tunisians passed a progressive constitution, held fair parliamentary elections, and ushered in the country's first-ever democratically elected president. But did Tunisia simply avoid the misfortunes that befell its neighbors, or were there particular features that set the country apart and made it a special case? In Tunisia: An Arab Anomaly, Safwan M. Masri explores the factors that have shaped the country's exceptional experience. He traces Tunisia's history of reform in the realms of education, religion, and women's rights, arguing that the seeds for today's relatively liberal and democratic society were planted as far back as the middle of the nineteenth century. Masri argues that Tunisia stands out not as a model that can be replicated in other Arab countries, but rather as an anomaly, as its history of reformism set it on a separate trajectory from the rest of the region. The narrative explores notions of identity, the relationship between Islam and society, and the hegemonic role of religion in shaping educational, social, and political agendas across the Arab region. Based on interviews with dozens of experts, leaders, activists, and ordinary citizens, and a synthesis of a rich body of knowledge, Masri provides a sensitive, often personal, account that is critical for understanding not only Tunisia but also the broader Arab world.




OECD Sovereign Borrowing Outlook 2021


Book Description

This edition of the OECD Sovereign Borrowing Outlook reviews developments in response to the COVID-19 pandemic for government borrowing needs, funding conditions and funding strategies in the OECD area.




Illicit Financial Flows from Developing Countries Measuring OECD Responses


Book Description

This publication identifies the main areas of weakness and potential areas for action to combat money-laundering, tax evasion, foreign bribery, and to identify, freeze and return stolen assets.




International Monetary Fund Annual Report 2012


Book Description

The IMF's 2012 Annual Report chronicles the response of the Fund's Executive Board and staff to the global financial crisis and other events during financial year 2012, which covers the period from May 1, 2011, through April 30, 2012. The print version of the Report is available in eight languages (Arabic, Chinese, English, French, German, Japanese, Russian, and Spanish), along with a CD-ROM (available in English only) that includes the Report text and ancillary materials, including the Fund's Financial Statements for FY2012.




PRE Working Papers


Book Description




Budgetary Policy Modelling


Book Description

Budgetary policy plays an increasingly central role in modern economies. This volume explores different approaches to modelling this crucial area.




Intersectoral Financial Flows in Developing Countries


Book Description

The business sector in developing countries relies on external funding for about half of its investment. If the availability of investable funds is to be freed from its dependence on the vagaries of the international capital markets, developing country financial systems will have to attract more household savings with new types of instruments and adequate returns.