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The Growth and Stabilization Properties of Fiscal Policy in Malaysia

The Growth and Stabilization Properties of Fiscal Policy in Malaysia »

Source: The Growth and Stabilization Properties of Fiscal Policy in Malaysia

Volume/Issue: 2013/149

Series: IMF Working Papers

Author(s): Sohrab Rafiq

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 June 2013

ISBN: 9781484337912

Keywords: Stabilization, Multipliers, Time-variation, government spending, fiscal multipliers, fiscal stimulus, government spending shocks, Monetary Policy (Targets, Instruments, and Effects)

This paper examines the size of the fiscal multiplier values generated in Malaysia. The results show that a government spending shock leads to broad positive economic effects. Although, the effectiveness of fiscal...

Default, Credit Growth, and Asset Prices

Default, Credit Growth, and Asset Prices »

Source: Default, Credit Growth, and Asset Prices

Volume/Issue: 2006/223

Series: IMF Working Papers

Author(s): C. Goodhart , Miguel Segoviano Basurto , and Boris Hofmann

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2006

ISBN: 9781451864830

Keywords: Probability of default, macroeconomic shocks, financial surveillance, banking, bank lending, probability, Econometric Modeling: General, Prices, Business Fluctuations, and Cycles: Forecasting and Simulation

This paper uses a Merton-type estimate of the probability of default (PoD) for the main banks in a sample of Organization for Economic Cooperation and Development and middle-income countries as a proxy for the frag...

Patterns of Shocks and Regional Monetary Cooperation in South Asia

Patterns of Shocks and Regional Monetary Cooperation in South Asia »

Source: Patterns of Shocks and Regional Monetary Cooperation in South Asia

Volume/Issue: 2003/240

Series: IMF Working Papers

Author(s): Nephil Maskay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2003

ISBN: 9781451875812

Keywords: shocks, regional monetary cooperation, exchange rate, economic integration, exchange rates, output growth, exchange rate policy, Macroeconomic Aspects of International Trade and Finance,

The member states of the South Asian Association for Regional Cooperation have set as a target the achievement of an economic union by 2020. Reaching this goal will require greater levels of monetary cooperation. H...

Are the Asia and Pacific Small States Different from Other Small States?

Are the Asia and Pacific Small States Different from Other Small States? »

Source: Are the Asia and Pacific Small States Different from Other Small States?

Volume/Issue: 2013/123

Series: IMF Working Papers

Author(s): Patrizia Tumbarello , Ezequiel Cabezon , and Yiqun Wu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2013

ISBN: 9781484339190

Keywords: micro states, Pacific islands, growth, volatility, terms of trade, trade openness, current account balance, external shocks, trade deficits, Open Economy Macroeconomics

The small states of the Asia and Pacific region face unique challenges in raising their growth potential and living standards relative to other small states due to their small populations, geographical isolation an...

When Banks Punch Back: Macrofinancial Feedback Loops in Stress Tests*

When Banks Punch Back: Macrofinancial Feedback Loops in Stress Tests* »

Source: When Banks Punch Back: Macrofinancial Feedback Loops in Stress Tests

Volume/Issue: 2020/72

Series: IMF Working Papers

Author(s): Mario Catalan , and Alexander Hoffmaister

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2020

ISBN: 9781513534916

Keywords: Financial crises, Bank credit, Interest rates on loans, Market interest rates, Interest rate differential, Stress tests, macroeconomic shocks, banking sector, modeling, WP

In the presence of adverse macroeconomic shocks, simultaneous capital losses in multiple banks can prompt them to contract their balance sheets. These bank responses generate externalities that propagate in the for...

The Growth and Stabilization Properties of Fiscal Policy in Malaysia

The Growth and Stabilization Properties of Fiscal Policy in Malaysia »

Volume/Issue: 2013/149

Series: IMF Working Papers

Author(s): Sohrab Rafiq

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 June 2013

DOI: http://dx.doi.org/10.5089/9781484337912.001

ISBN: 9781484337912

Keywords: Stabilization, Multipliers, Time-variation, government spending, fiscal multipliers, fiscal stimulus, government spending shocks, Monetary Policy (Targets, Instruments, and Effects)

This paper examines the size of the fiscal multiplier values generated in Malaysia. The results show that a government spending shock leads to broad positive economic effects. Although, the effectiveness of fiscal...

Default, Credit Growth, and Asset Prices

Default, Credit Growth, and Asset Prices »

Volume/Issue: 2006/223

Series: IMF Working Papers

Author(s): C. Goodhart , Miguel Segoviano Basurto , and Boris Hofmann

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2006

DOI: http://dx.doi.org/10.5089/9781451864830.001

ISBN: 9781451864830

Keywords: Probability of default, macroeconomic shocks, financial surveillance, banking, bank lending, probability, Econometric Modeling: General, Prices, Business Fluctuations, and Cycles: Forecasting and Simulation

This paper uses a Merton-type estimate of the probability of default (PoD) for the main banks in a sample of Organization for Economic Cooperation and Development and middle-income countries as a proxy for the frag...

Patterns of Shocks and Regional Monetary Cooperation in South Asia

Patterns of Shocks and Regional Monetary Cooperation in South Asia »

Volume/Issue: 2003/240

Series: IMF Working Papers

Author(s): Nephil Maskay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2003

DOI: http://dx.doi.org/10.5089/9781451875812.001

ISBN: 9781451875812

Keywords: shocks, regional monetary cooperation, exchange rate, economic integration, exchange rates, output growth, exchange rate policy, Macroeconomic Aspects of International Trade and Finance,

The member states of the South Asian Association for Regional Cooperation have set as a target the achievement of an economic union by 2020. Reaching this goal will require greater levels of monetary cooperation. H...

Are the Asia and Pacific Small States Different from Other Small States?

Are the Asia and Pacific Small States Different from Other Small States? »

Volume/Issue: 2013/123

Series: IMF Working Papers

Author(s): Patrizia Tumbarello , Ezequiel Cabezon , and Yiqun Wu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2013

DOI: http://dx.doi.org/10.5089/9781484339190.001

ISBN: 9781484339190

Keywords: micro states, Pacific islands, growth, volatility, terms of trade, trade openness, current account balance, external shocks, trade deficits, Open Economy Macroeconomics

The small states of the Asia and Pacific region face unique challenges in raising their growth potential and living standards relative to other small states due to their small populations, geographical isolation an...

When Banks Punch Back: Macrofinancial Feedback Loops in Stress Tests

When Banks Punch Back: Macrofinancial Feedback Loops in Stress Tests »

Volume/Issue: 2020/72

Series: IMF Working Papers

Author(s): Mario Catalan , and Alexander Hoffmaister

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2020

DOI: http://dx.doi.org/10.5089/9781513534916.001

ISBN: 9781513534916

Keywords: Financial crises, Bank credit, Interest rates on loans, Market interest rates, Interest rate differential, Stress tests, macroeconomic shocks, banking sector, modeling, WP

In the presence of adverse macroeconomic shocks, simultaneous capital losses in multiple banks can prompt them to contract their balance sheets. These bank responses generate externalities that propagate in the for...