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Fiscal Coverage in the Countries of the Middle East and Central Asia

Fiscal Coverage in the Countries of the Middle East and Central Asia »

Source: Fiscal Coverage in the Countries of the Middle East and Central Asia : Current Situation and a Way Forward

Volume/Issue: 2008/111

Series: IMF Working Papers

Author(s): Daria Zakharova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2008

ISBN: 9781451869712

Keywords: Fiscal coverage, public enterprises, fiscal risks, fiscal statistics, fiscal policy, fiscal accounts, Structure, Scope, and Performance of Government,

This paper reviews some broad principles of fiscal coverage, building on cross-country experience. It discusses the level of coverage that would be appropriate to conduct good quality fiscal analysis, while strikin...

Altruism and Workers' Remittances
			: Evidence from Selected Countries in the Middle East and Central Asia

Altruism and Workers' Remittances : Evidence from Selected Countries in the Middle East and Central Asia »

Volume/Issue: 2006/130

Series: IMF Working Papers

Author(s): Jacques Bouhga-Hagbe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2006

DOI: http://dx.doi.org/10.5089/9781451863901.001

ISBN: 9781451863901

Keywords: altruism, co-integration, cointegration, equation, workers ? remittances, equations, Household Behavior: General, Macroeconomics: Consumption, Saving, Production

Workers' remittances have been playing an increasingly important role in the balance of payments of many countries and can significantly contribute to the strength of their external positions. Assessing the likely...

Fiscal Coverage in the Countries of the Middle East and Central Asia
			: Current Situation and a Way Forward

Fiscal Coverage in the Countries of the Middle East and Central Asia : Current Situation and a Way Forward »

Volume/Issue: 2008/111

Series: IMF Working Papers

Author(s): Daria Zakharova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2008

DOI: http://dx.doi.org/10.5089/9781451869712.001

ISBN: 9781451869712

Keywords: Fiscal coverage, public enterprises, fiscal risks, fiscal statistics, fiscal policy, fiscal accounts, Structure, Scope, and Performance of Government,

This paper reviews some broad principles of fiscal coverage, building on cross-country experience. It discusses the level of coverage that would be appropriate to conduct good quality fiscal analysis, while strikin...

Institutional Investors and Asset Pricing in Emerging Markets

Institutional Investors and Asset Pricing in Emerging Markets »

Volume/Issue: 1996/2

Series: IMF Working Papers

Author(s): Elaine Buckberg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1996

DOI: http://dx.doi.org/10.5089/9781451841718.001

ISBN: 9781451841718

Keywords: investors, equity markets, institutional investors, stock markets, expected returns

This paper presents a new theory of asset pricing intended to address why other developing country equity markets responded so strongly to the Mexican devaluation, while the world’s major stock markets were...

International Integration of Equity Markets and Contagion Effects

International Integration of Equity Markets and Contagion Effects »

Volume/Issue: 1995/110

Series: IMF Working Papers

Author(s): Paul Cashin , Manmohan Kumar , and C. McDermott

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1995

DOI: http://dx.doi.org/10.5089/9781451853285.001

ISBN: 9781451853285

Keywords: equity markets, cointegration, stock market, stock markets, national equity markets

This paper investigates empirically the degree of international integration of industrial and emerging country equity markets. It analyzes two issues: first, the extent to which equity prices have tended to move si...

Remittances Channel and Fiscal Impact in the Middle East, North Africa, and  Central Asia

Remittances Channel and Fiscal Impact in the Middle East, North Africa, and Central Asia »

Volume/Issue: 2012/104

Series: IMF Working Papers

Author(s): Yasser Abdih , Ralph Chami , Christian Ebeke , and Adolfo Barajas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2012

DOI: http://dx.doi.org/10.5089/9781475502947.001

ISBN: 9781475502947

Keywords: Instrumental variables, Panel data, remittance, tax revenue, fiscal impact, Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data)

This paper identifies a remittances channel that transmits exogenous shocks, such as business cycles in remittance-sending countries, to the public finances of remittance-receiving countries. Using panel data for r...

Speculative Attacks, Forward Market Intervention and the Classic Bear Squeeze

Speculative Attacks, Forward Market Intervention and the Classic Bear Squeeze »

Volume/Issue: 1997/164

Series: IMF Working Papers

Author(s): Subir Lall

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1997

DOI: http://dx.doi.org/10.5089/9781451980202.001

ISBN: 9781451980202

Keywords: Speculative Attacks, Forward Markets, Exchange Rates, Market Corners, central bank, exchange rate, foreign exchange, central banks, domestic currency

A typical strategy used by speculators to launch an attack on a fixed exchange regime is the use of forward markets. Central banks also intervene in forward markets to counter speculation. This paper addresses the...

The Quality Effect
			: Does Financial Liberalization Improve the Allocation of Capital?

The Quality Effect : Does Financial Liberalization Improve the Allocation of Capital? »

Volume/Issue: 2004/112

Series: IMF Working Papers

Author(s): Abdul Abiad , Nienke Oomes , and Kenichi Ueda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2004

DOI: http://dx.doi.org/10.5089/9781451853636.001

ISBN: 9781451853636

Keywords: Tobin&;amp;#x2019;s Q, financial liberalization, allocative efficiency, inequality, stock market, financial deepening, stock market turnover, stock market capitalization, Financial Markets and the Macroeconomy, General Financial Markets: Government Policy and Regulation,

The study documents evidence of a "quality effect" of financial liberalization on allocative efficiency, which is measured by the dispersion in Tobin's Q across firms. Based on a simple model, the authors predict t...

What Drives Stock Market Development in the Middle East and Central Asia-Institutions, Remittances, or Natural Resources?

What Drives Stock Market Development in the Middle East and Central Asia-Institutions, Remittances, or Natural Resources? »

Volume/Issue: 2007/157

Series: IMF Working Papers

Author(s): Andreas Billmeier , and Isabella Massa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

DOI: http://dx.doi.org/10.5089/9781451867213.001

ISBN: 9781451867213

Keywords: Stock market capitalization, panel, institutions, stock market, stock market development, domestic credit,

In this paper, we assess the macroeconomic determinants of stock market capitalization in a panel of 17 countries in the Middle East and Central Asia, including both hydrocarbon-rich countries and economies without...

Institutional Investors and Asset Pricing in Emerging Markets

Institutional Investors and Asset Pricing in Emerging Markets »

Source: Institutional Investors and Asset Pricing in Emerging Markets

Volume/Issue: 1996/2

Series: IMF Working Papers

Author(s): Elaine Buckberg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1996

ISBN: 9781451841718

Keywords: investors, equity markets, institutional investors, stock markets, expected returns

This paper presents a new theory of asset pricing intended to address why other developing country equity markets responded so strongly to the Mexican devaluation, while the world’s major stock markets were...