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Cost-Benefit Analysis of Leaning Against the Wind

Cost-Benefit Analysis of Leaning Against the Wind »

Source: Cost-Benefit Analysis of Leaning Against the Wind

Volume/Issue: 2016/3

Series: IMF Working Papers

Author(s): Lars Svensson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2016

ISBN: 9781498314787

Keywords: macroprudential policy, unemployment, unemployment rate, debt, marginal cost, benchmark, Monetary Policy (Targets, Instruments, and Effects), All Countries

“Leaning against the wind” (LAW) with a higher monetary policy interest rate may have benefits in terms of lower real debt growth and associated lower probability of a financial crisis but has costs in terms of hig...

Cost-Benefit Analysis of Leaning Against the Wind

Cost-Benefit Analysis of Leaning Against the Wind »

Volume/Issue: 2016/3

Series: IMF Working Papers

Author(s): Lars Svensson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2016

DOI: http://dx.doi.org/10.5089/9781498314787.001

ISBN: 9781498314787

Keywords: macroprudential policy, unemployment, unemployment rate, debt, marginal cost, benchmark, Monetary Policy (Targets, Instruments, and Effects), All Countries

“Leaning against the wind” (LAW) with a higher monetary policy interest rate may have benefits in terms of lower real debt growth and associated lower probability of a financial crisis but has costs in terms of hig...

The Challenge of Public Pension Reform in Advanced and Emerging Economies

The Challenge of Public Pension Reform in Advanced and Emerging Economies »

Series: Occasional Papers

Author(s): Benedict Clements , David Coady , Frank Eich , Sanjeev Gupta , Alvar Kangur , Baoping Shang , and Mauricio Soto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2016

Language: Chinese

DOI: http://dx.doi.org/10.5089/9787504979971.084

ISBN: 9787504979971

Keywords: Pension reforms, Developed countries, Emerging markets, Pensions, Government expenditures, Cross country analysis, emerging market economies, retirement, pensions, pension spending

Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population...

'But we are different!'

'But we are different!' »

Source: 'But we are different!' : 12 Common Weaknesses in Banking Laws, and What to Do About Them

Volume/Issue: 2015/200

Series: IMF Working Papers

Author(s): Wouter Bossu , and Dawn Chew

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 September 2015

ISBN: 9781513586458

Keywords: Banking Regulation, Policy Analysis, banking, laws, bank, banks, Government Policy and Regulation, Corporation and Securities Law, Regulated Industries and Administrative Law,

Well-designed banking laws are critical for regulating the market access and operations of banks, as well as their removal from the market in case of failure. While at a financial policy level there is a broad cons...

'But we are different!'
			: 12 Common Weaknesses in Banking Laws, and What to Do About Them

'But we are different!' : 12 Common Weaknesses in Banking Laws, and What to Do About Them »

Volume/Issue: 2015/200

Series: IMF Working Papers

Author(s): Wouter Bossu , and Dawn Chew

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 September 2015

DOI: http://dx.doi.org/10.5089/9781513586458.001

ISBN: 9781513586458

Keywords: Banking Regulation, Policy Analysis, banking, laws, bank, banks, Government Policy and Regulation, Corporation and Securities Law, Regulated Industries and Administrative Law,

Well-designed banking laws are critical for regulating the market access and operations of banks, as well as their removal from the market in case of failure. While at a financial policy level there is a broad cons...

Soft Power and Exchange Rate Volatility

Soft Power and Exchange Rate Volatility »

Volume/Issue: 2015/63

Series: IMF Working Papers

Author(s): Serhan Cevik , Richard Harris , and Fatih Yilmaz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2015

DOI: http://dx.doi.org/10.5089/9781475530520.001

ISBN: 9781475530520

Keywords: Exchange rate volatility, exchange, exchange rate, volatility, exchange rates, trade, Time-Series Models, International Monetary Arrangements and Institutions,

Standard models-based exclusively on macro-financial variables-have made little progress in explaining the behavior of exchange rates. In this paper, we introduce a neglected set of 'soft power' factors capturing...

Soft Power and Exchange Rate Volatility

Soft Power and Exchange Rate Volatility »

Source: Soft Power and Exchange Rate Volatility

Volume/Issue: 2015/63

Series: IMF Working Papers

Author(s): Serhan Cevik , Richard Harris , and Fatih Yilmaz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2015

ISBN: 9781475530520

Keywords: Exchange rate volatility, exchange, exchange rate, volatility, exchange rates, trade, Time-Series Models, International Monetary Arrangements and Institutions,

Standard models-based exclusively on macro-financial variables-have made little progress in explaining the behavior of exchange rates. In this paper, we introduce a neglected set of 'soft power' factors capturing...

World Saving

World Saving »

Volume/Issue: 2014/204

Series: IMF Working Papers

Author(s): Francesco Grigoli , Alexander Herman , and Klaus Schmidt-Hebbel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2014

DOI: http://dx.doi.org/10.5089/9781475545517.001

ISBN: 9781475545517

Keywords: corporate saving, Global Financial Crisis, household saving, national saving, private saving, saving, income, future, trade, Models with Panel Data

This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in five dimensions. First, it is based on a very large and recent database, covering 165 countries f...

World Saving1

World Saving1 »

Source: World Saving

Volume/Issue: 2014/204

Series: IMF Working Papers

Author(s): Francesco Grigoli , Alexander Herman , and Klaus Schmidt-Hebbel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2014

ISBN: 9781475545517

Keywords: corporate saving, Global Financial Crisis, household saving, national saving, private saving, saving, income, future, trade, Models with Panel Data

This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in five dimensions. First, it is based on a very large and recent database, covering 165 countries f...

Bank Risk Within and Across Equilibria1

Bank Risk Within and Across Equilibria1 »

Source: Bank Risk Within and Across Equilibria

Volume/Issue: 2014/116

Series: IMF Working Papers

Author(s): Itai Agur

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 July 2014

ISBN: 9781498306515

Keywords: Bank risk, Wholesale funding, Adverse selection, Multiple equilibria, banking, systemic risk, bank exposures, bank funding,

The global financial crisis highlighted that the financial system can be most vulnerable when it seems most stable. This paper models non-linear dynamics in banking. Small shocks can lead from an equilibrium with f...