Stabilization, Debt, and Fiscal Policy in the Caribbean:
Although Caribbean countries have been largely successful in bringing annual inflation down to single digits in recent years-regardless of their exchange rate regime-their growth rates have been disappointing and their public debt has risen rapidly. By 2003, 14 of 15 Caribbean countries ranked in th...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2005
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 05/26 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | Although Caribbean countries have been largely successful in bringing annual inflation down to single digits in recent years-regardless of their exchange rate regime-their growth rates have been disappointing and their public debt has risen rapidly. By 2003, 14 of 15 Caribbean countries ranked in the top 30 of the world''s highly indebted emerging market countries. Most of the increase in their public debt is accounted for by a deterioration in primary fiscal balances that has been largely due to a sharp increase in expenditures rather than a fall in revenues. With the countries of the region now increasingly facing unsustainable debt positions, innovative ways need to be found to raise their economic growth rates and generate fiscal savings to reverse the debt buildup, and to maintain or raise their current living standards |
| Beschreibung: | 1 Online-Ressource (43 p) |
| ISBN: | 1451860455 9781451860450 |
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| index_date | 2024-07-03T20:13:23Z |
| indexdate | 2024-07-10T09:35:31Z |
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| spelling | Sahay, Ratna Verfasser aut Stabilization, Debt, and Fiscal Policy in the Caribbean Sahay, Ratna Washington, D.C International Monetary Fund 2005 1 Online-Ressource (43 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 05/26 Although Caribbean countries have been largely successful in bringing annual inflation down to single digits in recent years-regardless of their exchange rate regime-their growth rates have been disappointing and their public debt has risen rapidly. By 2003, 14 of 15 Caribbean countries ranked in the top 30 of the world''s highly indebted emerging market countries. Most of the increase in their public debt is accounted for by a deterioration in primary fiscal balances that has been largely due to a sharp increase in expenditures rather than a fall in revenues. With the countries of the region now increasingly facing unsustainable debt positions, innovative ways need to be found to raise their economic growth rates and generate fiscal savings to reverse the debt buildup, and to maintain or raise their current living standards Online-Ausg http://elibrary.imf.org/view/IMF001/06485-9781451860450/06485-9781451860450/06485-9781451860450.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Sahay, Ratna Stabilization, Debt, and Fiscal Policy in the Caribbean |
| title | Stabilization, Debt, and Fiscal Policy in the Caribbean |
| title_auth | Stabilization, Debt, and Fiscal Policy in the Caribbean |
| title_exact_search | Stabilization, Debt, and Fiscal Policy in the Caribbean |
| title_exact_search_txtP | Stabilization, Debt, and Fiscal Policy in the Caribbean |
| title_full | Stabilization, Debt, and Fiscal Policy in the Caribbean Sahay, Ratna |
| title_fullStr | Stabilization, Debt, and Fiscal Policy in the Caribbean Sahay, Ratna |
| title_full_unstemmed | Stabilization, Debt, and Fiscal Policy in the Caribbean Sahay, Ratna |
| title_short | Stabilization, Debt, and Fiscal Policy in the Caribbean |
| title_sort | stabilization debt and fiscal policy in the caribbean |
| url | http://elibrary.imf.org/view/IMF001/06485-9781451860450/06485-9781451860450/06485-9781451860450.xml |
| work_keys_str_mv | AT sahayratna stabilizationdebtandfiscalpolicyinthecaribbean |