This paper addresses a key but neglected task in the theory of international taxation, lent increased urgency by growing awareness of the potential gains from tax coordination: the characterization of Pareto-efficient international tax regimes. It shows that the Diamond-Mirrlees theorem on the desirability of production efficiency, which underlies the key tenets of policy advice in internationa...

Parental education is located at the center of global efforts to improve child health. In a developing-country context, the International Monetary Fund (IMF) plays a crucial role in determining how governments allocate scarce resources to education and public health interventions. Under reforms mandated by IMF structural adjustment programs, it may become harder for parents to reap the benefits...

(GFSR). Stress testing is also being undertaken increasingly in Article IV and crisis program work. Correspondingly, the demand by IMF member countries for technical assistance from IMF staff on stress testing has risen as well, as country authorities seek to develop and enhance their own capacity in this area. Th e global fi nancial crisis injected a dose of caution into the enthusiasm surroun...

The rapidly evolving global economy as well as new challenges with economic and social implications make the problem of financial crises, including currency crises, extremely important in the current situation. Especially given the fact that the crises affect various countries and regions of the world. Serious currency crashes have occurred in developing countries with marked structural problem...

Perspective F ounded in the wake of the Great Depression of the 1930s, the International Monetary Fund (IMF) was established in 1945 when government representatives met and agreed on a " framework of international economic cooperation " (http://www.imf.org/external/ index.htm) designed to prevent future economic crises. Its mission was threefold: to ensure the stability of the exchange rate, to...

© 1998 The International Bank for Reconstruction and Development / THE WORLD BANK Paul R. Masson, Tamim Bayoumi, and Hossein Samiei are with the Research, Asia and Pacific, and European I departments, respectively, at the International Monetary Fund. The authors are grateful to colleagues and seminar participants at the World Bank, to Klaus Schmidt-Hebbel and to David Weil for advice and commen...

Globalization is integration of national economies in global economy and infers on increasing the flow of goods and services. In this study the consequences of globalization were studied through the analysis of Level of International Trade index (LIT) in the caviar export equation. The required data were gathered from Statistical Yearbook of Foreign Trade, Statistical Yearbook of fisheries, Sta...

In general in an organisation whose system of governance involves weighted voting, a member’s weight in terms of the number of votes and the formal power it represents differ. Power indices provide a means of analysing this difference. The paper uses new algorithms for computing power indices for large games. Three analyses are carried out: (1) the distribution of Banzhaf voting power among mem...

Education is considered an important social determinant of health (1, 2). Higher levels of educational attainment appear to be health-enhancing for those who have them (3), and provide intergenerational health benefits for their children (4) as well as their parents (5). Increased knowledge and skills leading to higher wages, as well as psychosocial advantages, such as social standing and contr...