Volume/Issue: 2011/85
Series: IMF Working Papers
Author(s):
Magnus Saxegaard
,
Michaela Erbenova
, and
Yan Liu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
April
2011
ISBN: 9781455226030
This paper reviews Latvia's efforts to manage the increase in debt distress resulting from the unwinding of the 2000-07 credit boom and spillovers from the global financial crisis. The authorities have designed a s...
Volume/Issue: 2012/65
Series: IMF Working Papers
Author(s):
Davide Furceri
,
Lorenzo E. Bernal-Verdugo
, and
Dominique Guillaume
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
March
2012
ISBN: 9781463938420
Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium...
Volume/Issue: 2001/18
Series: IMF Working Papers
Author(s):
Piti Disyatat
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
February
2001
ISBN: 9781451843644
This paper addresses the important question of how far a government will run down its stock of foreign reserves in a defense of a fixed exchange rate. An optimizing model of currency crisis is presented in which th...
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
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...
Volume/Issue: 2013/28
Series: IMF Working Papers
Author(s):
Stijn Claessens
, and
Ayhan Kose
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
January
2013
ISBN: 9781475561005
This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlig...
Volume/Issue: 2001/160
Series: IMF Working Papers
Author(s):
Vassili Prokopenko
, and
Paul Holden
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
October
2001
ISBN: 9781451857740
This paper reviews current thinking on the relationship between financial development and poverty alleviation-a subject that has grown increasingly important in the policy prescriptions of the IMF and other interna...
Volume/Issue: 2001/95
Series: IMF Working Papers
Author(s):
Sergio Schmukler
, and
Esteban Vesperoni
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
August
2001
ISBN: 9781451851823
This paper studies the relation between firm's financing choices and financial globalization. Using an East Asian and Latin American firm-level panel for the 1980s and 1990s, we study how leverage ratios, debt matu...
Volume/Issue: 2011/85
Series: IMF Working Papers
Author(s):
Magnus Saxegaard
,
Michaela Erbenova
, and
Yan Liu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
April
2011
DOI: http://dx.doi.org/10.5089/9781455226030.001
ISBN: 9781455226030
This paper reviews Latvia's efforts to manage the increase in debt distress resulting from the unwinding of the 2000-07 credit boom and spillovers from the global financial crisis. The authorities have designed a s...
Volume/Issue: 2012/65
Series: IMF Working Papers
Author(s):
Davide Furceri
,
Lorenzo E. Bernal-Verdugo
, and
Dominique Guillaume
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
March
2012
DOI: http://dx.doi.org/10.5089/9781463938420.001
ISBN: 9781463938420
Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium...
Volume/Issue: 2001/18
Series: IMF Working Papers
Author(s):
Piti Disyatat
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
February
2001
DOI: http://dx.doi.org/10.5089/9781451843644.001
ISBN: 9781451843644
This paper addresses the important question of how far a government will run down its stock of foreign reserves in a defense of a fixed exchange rate. An optimizing model of currency crisis is presented in which th...