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Tests of German Resilience

Author/Editor: Fabian Bornhorst, Ashoka Mody.

Release Date: October, 2012

Price: $18.00

From its early post-war catch-up phase, Germany’s formidable export engine has been its consistent driver of growth. But Germany has almost equally consistently run current account surpluses. more...



The Republic of Belarus : First Post-Program Monitoring Discussions

Release Date: September, 2011

Price: $18.00

Belarus was experiencing an economic crisis after the expiration of a Stand-By Arrangement in March 2010. Its policies were loosened significantly, and consequently the account deficit increased and more...



Republic of Lithuania : Selected Issues

Release Date: April, 2008

Price: $18.00

This paper estimated the output gap in Lithuania using three different methodologies—an HP filter, a panel regression, and a production function. This study examines how the levels of the more...



Republic of Serbia : Selected Issues

Release Date: February, 2008

Price: $18.00

High capital inflows and rising vulnerabilities underscore the importance of a comprehensive approach to ensuring stability. Standard balance sheet indicators mask a substantial build-up of exposures more...



Republic of Belarus : 2007 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Belarus

Release Date: September, 2007

Price: $18.00

This 2007 Article IV Consultation highlights that Belarus’s centralized economy grew rapidly over the past few years, enhancing social development. The state redistributed large and growing more...



Finland : 2007 Article IV Consultation: Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Finland

Release Date: August, 2007

Price: $18.00

This 2007 Article IV Consultation highlights that growth in Finland has outpaced the euro area average. Inflation is among the lowest in the European Union, and the external current account and more...



Bosnia and Herzegovina : Selected Issues

Release Date: August, 2007

Price: $18.00

This Selected Issues paper examines the risks and structural weaknesses in Bosnia and Herzegovina. The paper provides an estimate of the current account adjustment required to stabilize net foreign more...



Republic of Estonia : 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Estonia

Release Date: July, 2007

Price: $18.00

The Republic of Estonia’s 2007 Article IV Consultation reports that surging domestic demand has widened the external current account deficit and pushed the economy against capacity constraints. more...



Turkey : Fifth Review and Inflation Consultation Under the Stand-By Arrangement, Request for Waiver of Nonobservance and Applicability of Performance Criteria, Modification of Performance Criteria, and Rephasing of Purchases: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Turkey

Release Date: May, 2007

Price: $18.00

Turkey’s Fifth Review and Inflation Consultation under the Stand-By Arrangement and a Request for Waiver of Nonobservance and Applicability of Performance Criteria are discussed. Despite more...



United Kingdom : 2006 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for United Kingdom

Release Date: March, 2007

Price: $18.00

This 2006 Article IV Consultation highlights that macroeconomic performance in the United Kingdom remains impressive. After softer growth in 2005, the acceleration in GDP in 2006 was broadly based. more...



Republic of Estonia : Staff Report for the 2006 Article IV Consultation

Release Date: November, 2006

Price: $18.00

Estonia’s commitment to free markets and prudent financial policies has paid off handsomely. Demand pressures and rapid productivity growth have produced strong wage increases and large more...



Republic of Estonia : Selected Issues

Release Date: November, 2006

Price: $18.00

This paper assesses Estonia’s flexibility from two angles. The paper focuses on one aspect of that performance—the ability to sustain competitiveness. Then, a more forward-looking angle more...



Bosnia and Herzegovina : Selected Issues

Release Date: October, 2006

Price: $18.00

The current account deficit by the Central Bank of Bosnia and Herzegovina in recent years has fluctuated to about 20 percent of GDP. But official current account statistics suffer from several more...



Republic of Latvia : Selected Issues

Release Date: October, 2006

Price: $18.00

The external imbalances that accompanied Latvia’s integration into the global economy have generated mixed effects. Stabilizing net foreign liabilities will require an improvement in the goods more...



Republic of Croatia : Third Review Under the Stand-By Arrangement

Release Date: October, 2006

Price: $18.00

The report provides the third Review of the Republic of Croatia Under the Stand-By Arrangement (SBA). Policies under the SBA have sought to reduce Croatia’s savings-investment imbalance and more...



Euro Area Policies : Selected Issues

Release Date: August, 2004

Price: $15.00

This Selected Issues paper on Euro Area Policies underlies global rebalancing of accounts. From a growth-accounting perspective, slower growth in the capital-labor ratio seems to be the main driver more...