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010   $a9786612843990
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035   $a(EBL)1608816
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035   $a(PQKBTitleCode)TC0000940831
035   $a(PQKBWorkID)10955483
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100   $a20091119d2009      uf             0
101 0 $aeng
181   $ctxt
182   $cc
183   $acr
200 10$aFiscal sustainability in remittance-dependent economies$b[electronic resource] /$fYasser Abdih ... [et al.]
210   $a[Washington, DC] $cInternational Monetary Fund$d2009
215   $a1 online resource (42 p.)
225 1 $aIMF working paper ;$vWP/09/190
300   $a"September 2009".
300   $aIncludes bibliographical references.
311   $a1-4519-1761-9 
327   $aCover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Implication of Remittances for Public Debt Sustainability; III. An Application: Lebanon; 1. Lebanon: Debt Dynamics; 1. Debt Dynamics and Primary Surpluses that Stabilize the Debt Ratio for Lebanon; 2. Lebanon: Primary Surpluses that Stabilize the Debt Ratio; A. Stabilizing the Debt at Current Levels; B. Targeting a Lower Debt Level; 2. Primary Surplus Required to Reduce the Debt Ratio to a Given Target; IV. Conclusion; I. Traditional Model of Debt Sustainability; A. The law of motion of the government debt-to-GDP ratio
327   $aB. The primary surplus-to-GDP ratio that stabilizes the debt-to-GDP ratio C. The primary surplus-to-GDP ratio that reduces debt-to-GDP to a given target; II. Debt Sustainability in the Presence of Remittances; A. The law of motion of the government debt-to-GDP plus remittances ratio; B. The primary surplus-to-GDP ratio that stabilizes debt-to-GDP plus remittances; C. The primary surplus-to-GDP ratio that reduces debt-to-GDP plus remittances to a given target; References; Footnotes
330   $aWe investigate the impact of remittances on public debt sustainability and detail how the traditional debt-to-GDP ratio can be modified to create a more accurate representation of debt sustainability for a country that receives significant remittance inflows. The main result is that inclusion of remittances into the traditional debt sustainability analysis alters the amount of fiscal adjustment required to place debt on a sustainable path. While preliminary, these results are indicative of how a one-size-fits-all stability analysis may be inappropriate when evaluating the stance of fiscal
410  0$aIMF working paper ;$vWP/09/190.
606   $aFiscal policy
606   $aDebts, Public
608   $aElectronic books.
615  0$aFiscal policy.
615  0$aDebts, Public.
676   $a336.3
676   $a336.309172
700   $aAbdih$b Y$g(Yasser)$0933490
712 02$aInternational Monetary Fund.$bMiddle East and Central Asia Dept.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910463996703321
996   $aFiscal sustainability in remittance-dependent economies$92101432
997   $aUNINA