|Explaining the Shadow Economy in Europe: Size, Causes and Policy Options|
Author/Editor: Ben Kelmanson, Koralai Kirabaeva, Leandro Medina, Borislava Mircheva, Jason Weiss.
Release Date:December, 2019
This paper examines the drivers, and reestimates the size of shadow economies in Europe, with a focus on the emerging economies, and recommends policies to increase formality. The size of shadow more...
|Global Value Chains: What are the Benefits and Why Do Countries Participate?|
Author/Editor: Faezeh Raei, Anna Ignatenko, Borislava Mircheva.
Release Date:January, 2019
Over the last two decades, world trade and production have become increasingly organized around global value chains (GVC). Recent theoretical work has shown that countries can benefit from more...
|Spillovers in the Nordic Countries|
Author/Editor: Borislava Mircheva, Dirk Muir.
Release Date:March, 2015
Denmark, Finland, Norway, and Sweden form a tightly integrated region which has strong ties
with the euro area as well as some exposure to Russia. Using the IMF’s Global more...
|The Mystery of Missing Real Spillovers in Southern Africa : Some Facts and Possible Explanations|
Author/Editor: Olivier Basdevant, Andrew W Jonelis, Borislava Mircheva, Slavi T. Slavov.
Release Date:June, 2014
Anecdotal evidence suggests that the economies of South Africa and its neighbors (Botswana, Lesotho, Mozambique, Namibia, Swaziland, and Zimbabwe) are tightly integrated with each other. There are more...
|Restoring Sustainability in a Changing Global Environment : Options for Swaziland|
Author/Editor: Olivier Basdevant, Borislava Mircheva.
Release Date:February, 2013
The Kingdom of Swaziland (hereinafter “Swaziland”) is a small, open economy bordering Mozambique and South Africa with a population of 1.1 million people. It is a landlocked more...
|Macroeconomic Vulnerabilities Stemming from the Global Economic Crisis: The Case of Swaziland|
Author/Editor: Olivier Basdevant, Chikako Baba, Borislava Mircheva.
Release Date:December, 2011
Swaziland has faced a significant fiscal crisis since 2010, in the wake of loss of transfers from the Southern African Customs Union (SACU). The fiscal crisis has led to increasing vulnerabilities, more...
|The Design of Fiscal Adjustment Strategies in Botswana, Lesotho, Namibia, and Swaziland|
Author/Editor: Luis-Felipe Zanna, Olivier Basdevant, Susan Yang, Genevieve Verdier, Joannes Mongardini, Borislava Mircheva, Dalmacio Benicio.
Release Date:November, 2011
Botswana, Lesotho, Namibia, and Swaziland face the serious challenge of adjusting not only to lower Southern Africa Customs Union (SACU) transfers because of the global economic crisis, but also to a more...