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Do IMF-Supported Programs Boost Private Capital Inflows? the Role of Program Size and Policy Adjustment

Do IMF-Supported Programs Boost Private Capital Inflows? the Role of Program Size and Policy Adjustment »

Source: Do IMF-Supported Programs Boost Private Capital Inflows? the Role of Program Size and Policy Adjustment

Volume/Issue: 2003/231

Series: IMF Working Papers

Author(s): Roberto Benelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2003

ISBN: 9781451875553

Keywords: Success of IMF programs, policy adjustment under programs, private capital, private capital flows, capital flows, capital inflows, private capital inflows, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Open Economy Macroeconomics,

I analyze empirically whether program size (the size of financial assistance) and policy adjustment matter for the success of IMF-supported programs. I define a program as successful if the initial program projecti...

Did Output Recover From the Asian Crisis?

Did Output Recover From the Asian Crisis? »

Source: Did Output Recover From the Asian Crisis?

Volume/Issue: 2003/48

Series: IMF Working Papers

Author(s): Valerie Cerra , and Sweta Saxena

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2003

ISBN: 9781451846751

Keywords: Crisis, Recovery, Hong Kong, Korea, recessions, asian crisis, recession, probability, probabilities, International Finance: Other

This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countrie...

Structural Vulnerabilities and Currency Crises

Structural Vulnerabilities and Currency Crises »

Source: Structural Vulnerabilities and Currency Crises

Volume/Issue: 2002/9

Series: IMF Working Papers

Author(s): Swart Ghosh , and Atish Ghosh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2002

ISBN: 9781451842609

Keywords: structural indicators, binary recursive trees, shareholders, current account, shareholder, shareholder rights, Open Economy Macroeconomics, Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation, Corporate Finance and Governance: General, Neural Networks and Related Topics,

This paper examines the role of structural factors—governance and rule of law, corporate sector governance (creditor rights and shareholder rights), corporate financing structure—as well as macroecono...

Trade, Finance, Specialization, and Synchronization

Trade, Finance, Specialization, and Synchronization »

Volume/Issue: 2003/81

Series: IMF Working Papers

Author(s): Jean Imbs

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2003

DOI: http://dx.doi.org/10.5089/9781451850383.001

ISBN: 9781451850383

Keywords: specialization, financial openness, international business cycle, optimal currency area, financial integration, equation, correlations, correlation, bilateral trade, Open Economy Macroeconomics,

The paper investigates the determinants of business cycles synchronization across regions. It uses both international and intranational data to evaluate the linkages between trade in goods, trade in financial asset...

Real Exchange Rates In Developing Countries
			: Are Balassa-Samuelson Effects Present?

Real Exchange Rates In Developing Countries : Are Balassa-Samuelson Effects Present? »

Volume/Issue: 2004/188

Series: IMF Working Papers

Author(s): Mohsin Khan , and Ehsan Choudhri

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2004

DOI: http://dx.doi.org/10.5089/9781451859591.001

ISBN: 9781451859591

Keywords: Balassa-Samuelson effects, exchange rate, real exchange rate, relative price, terms of trade, exchange rates, Open Economy Macroeconomics,

There is little empirical research on whether Balassa-Samuelson effects can explain the long-run behavior of real exchange rates in developing countries. This paper presents new evidence on this issue based on a pa...

The Effects of U.S. Unconventional Monetary Policy on Asia Frontier Developing Economies

The Effects of U.S. Unconventional Monetary Policy on Asia Frontier Developing Economies »

Volume/Issue: 2015/18

Series: IMF Working Papers

Author(s): Sohrab Rafiq

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 January 2015

DOI: http://dx.doi.org/10.5089/9781498334037.001

ISBN: 9781498334037

Keywords: unconventional monetary policy, interest rates, exchange rate, international monetary fund, Monetary Policy (Targets, Instruments, and Effects), Open Economy Macroeconomics,

This paper explores the effect of U.S. unconventional monetary policy (QE2) on a group of frontier developing economies (FDEs) in Asia. This paper finds that spillovers emanating from the U.S. on FDEs in Asia have...

A New Look at the Determinants of Growth in Asian Countries

A New Look at the Determinants of Growth in Asian Countries »

Volume/Issue: 2015/195

Series: IMF Working Papers

Author(s): Manuk Ghazanchyan , Janet Stotsky , and Qianqian Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 September 2015

DOI: http://dx.doi.org/10.5089/9781513524535.001

ISBN: 9781513524535

Keywords: growth, exchange rate, exchange rate regime, economies, currency, General, Open Economy Macroeconomics, Economic Growth of Open Economies, General, Asia including Middle East,

This study examines the drivers of growth in Asian countries, with focus on the role of investment, the exchange rate regime, financial risk, and capital account openness. We use a panel data set of a sample of Asi...

Macroeconomic Policies and Poverty Reduction
			: Stylized Facts and an Overview of Research

Macroeconomic Policies and Poverty Reduction : Stylized Facts and an Overview of Research »

Volume/Issue: 2001/135

Series: IMF Working Papers

Author(s): Paul Cashin , Catherine Pattillo , Ratna Sahay , and Paolo Mauro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2001

DOI: http://dx.doi.org/10.5089/9781451855708.001

ISBN: 9781451855708

Keywords: Macroeconomic policies, trade liberalization, distribution of income, external debt, per capita income, Open Economy Macroeconomics, Measurement and Analysis of Poverty, Comparative Studies of Countries,

This paper provides a brief and selective overview of research on the links between macroeconomic policies and poverty reduction. Using the Human Development Index as a measure of well-being, the progress made by 1...

The Effectiveness of Monetary Policy Transmission Under Capital Inflows
			: Evidence from Asia

The Effectiveness of Monetary Policy Transmission Under Capital Inflows : Evidence from Asia »

Volume/Issue: 2012/265

Series: IMF Working Papers

Author(s): Sonali Jain-Chandra , and Filiz Unsal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 November 2012

DOI: http://dx.doi.org/10.5089/9781475525823.001

ISBN: 9781475525823

Keywords: Monetary policy transmission, dynamic factor model, structural VAR, long-term interest rates, bond yields, Monetary Policy (Targets, Instruments, and Effects), Open Economy Macroeconomics,

The effectiveness of the monetary policy transmission mechanism in open economies could be impaired if interest rates are driven primarily by global factors, especially during periods of large capital inflows. The...

The Global Financial Crisis
			: An Anatomy of Global Growth

The Global Financial Crisis : An Anatomy of Global Growth »

Volume/Issue: 2013/76

Series: IMF Working Papers

Author(s): Troy Matheson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2013

DOI: http://dx.doi.org/10.5089/9781484362013.001

ISBN: 9781484362013

Keywords: Growth Synchronization, global shocks, global financial crisis, idiosyncratic shocks, pre-crisis, Bayesian Analysis, Time-Series Models, International Policy Coordination and Transmission, Open Economy Macroeconomics,

The global financial crisis was a stark reminder of the importance of cross-country linkages in the global economy. We document growth synchronization across a diverse group of 185 countries covering 7 regions, and...