How Tight is Too Tight?: A Look at Welfare Implications of Distortionary Policies in Uzbekistan
In: IMF Working Paper, S. 1-32
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In: IMF Working Paper, S. 1-32
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In: IMF Working Papers, S. 1-38
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In: IMF Working Paper No. 04/229
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In: IMF Working Papers
Empirical studies that use self-reported data on remittances to measure the latter's impact on microeconomic incentives mostly ignore the potential errors associated with reporting/measurement issues. An econometric procedure to control for these errors is developed and applied to household-level data from Armenia. We find evidence of systematic under-reporting of remittances. After controlling for this, we find a strong negative impact of remittances on incentives to work
In: IMF Working Papers, S. 1-19
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In: IMF Working Papers v.Working Paper No. 12/244
The sovereign debt restructuring operation in Jamaica undertaken in early-2010 was a unique experiment that perhaps offered less by way of upside, if compared to the conventional sovereign debt exchanges, but provided credible assurances against further downfall and financial sector distress. A case study of a highly indebted country with domestically held debt, the paper discusses the conditions leading to the exchange, the rationale behind it, as well as its operational aspects. Achievements of the exchange, too, are discussed in detail. The paper also outlines the risks stemming from the hi
In: Policy Research Working Papers, 1977
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