Search Results

You are looking at 1 - 10 of 46 items :

  • Keyword: Macroeconomics x
  • Books and Analytical Papers x
Clear All Modify Search
Workers’ Remittances

Workers’ Remittances »

Source: Workers' Remittances : An Overlooked Channel of International Business Cycle Transmission?

Volume/Issue: 2012/251

Series: IMF Working Papers

Author(s): Adolfo Barajas , Ralph Chami , Christian Ebeke , and Sampawende Tapsoba

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 October 2012

ISBN: 9781475535822

Keywords: Business Cycle Synchronization, remittance, business cycle, remittance flows, Financial Aspects of Economic Integration, Open Economy Macroeconomics,

This paper shows that remittance flows significantly increase the business cycle synchronization between remittance-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data...

Domestic Bank Regulation and Financial Crises

Domestic Bank Regulation and Financial Crises »

Source: Domestic Bank Regulation and Financial Crises : Theory and Empirical Evidence From East Asia

Volume/Issue: 2001/63

Series: IMF Working Papers

Author(s): Kenneth Kletzer , and Robert Dekle

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2001

ISBN: 9781451848427

Keywords: financial fragility, banking, foreign capital, foreign capital inflows, deposit insurance, Open Economy Macroeconomics,

A model of the domestic financial intermediation of foreign capital inflows based on agency costs is developed for studying financial crises in emerging markets. In equilibrium, the banking system becomes progressi...

Insurance Value of International Reserves

Insurance Value of International Reserves »

Source: Insurance Value of International Reserves : An Option Pricing Approach

Volume/Issue: 2004/175

Series: IMF Working Papers

Author(s): Jaewoo Lee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2004

ISBN: 9781451858785

Keywords: option, underlying asset, international reserves, reserve holding, external debt, currency crises, reserve holdings, Open Economy Macroeconomics,

A quantitative framework is developed to bring forward the insurance motive of holding international reserves. The insurance value of reserves is quantified as the market price of an equivalent option that provides...

Asia’s Quest for Inclusive Growth Revisited

Asia’s Quest for Inclusive Growth Revisited »

Source: Asia's Quest for Inclusive Growth Revisited

Volume/Issue: 2015/42

Series: IMF Working Papers

Author(s): Chie Aoyagi , and Giovanni Ganelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2015

ISBN: 9781498340144

Keywords: inequality, growth, poverty, gini index, Equity, Justice, and Other Normative Criteria and Measurement, Economic Growth of Open Economies, Macroeconomic Analyses of Economic Development,

Despite the rapid economic growth and poverty reduction, inequality in Asia worsened during last two decades. We focus on the determinants of growth inclusiveness and suggest options for reform. A cross cross-count...

Post-Crisis Recovery

Post-Crisis Recovery »

Source: Post-Crisis Recovery : When Does Increased Fiscal Discipline Work?

Volume/Issue: 2006/219

Series: IMF Working Papers

Author(s): Pritha Mitra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 October 2006

ISBN: 9781451864793

Keywords: sovereign debt, foreign debt, long-term debt, budget surplus, General Aggregative Models: General, Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data), Open Economy Macroeconomics, Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation,

Emerging market financial crises during the late 1990s were marked by sudden withdrawals of funds by foreign creditors, resulting in production declines. The IMF favored positive signals to potential foreign credit...

The Composition and Cyclical Behavior of Trade Flows in Emerging Economies1

The Composition and Cyclical Behavior of Trade Flows in Emerging Economies1 »

Source: The Composition and Cyclical Behavior of Trade Flows in Emerging Economies

Volume/Issue: 2010/46

Series: IMF Working Papers

Author(s): Reinout De Bock

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2010

ISBN: 9781451963106

Keywords: International business cycles, Emerging economy, Trade balance, capital good, open economy, trade flows, investment goods, Open Economy Macroeconomics,

Trade flows data show that the composition and cyclical properties of imports are similar in developed economies and emerging markets (EM) but this is not the case for exports. Unlike developed economies, (i) EM ex...

Currency Crises in Developed and Emerging Market Economies

Currency Crises in Developed and Emerging Market Economies »

Source: Currency Crises in Developed and Emerging Market Economies : A Comparative Empirical Treatment

Volume/Issue: 2005/13

Series: IMF Working Papers

Author(s): Thomson Fontaine

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2005

ISBN: 9781451860320

Keywords: exchange rate, contagion, currency crisis, fixed exchange rate, Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation,

This paper takes a step in empirically testing the implications of a number of theoretical models that attempt to highlight the dynamics behind currency crises. By focusing on countries with broadly disparate econo...

Financial Inclusion in Asia-Pacific

Financial Inclusion in Asia-Pacific »

Source: Financial Inclusion in Asia-Pacific

Volume/Issue: 2018/17

Series: Departmental Papers / Policy Papers

Author(s): Elena Loukoianova , Yongzheng Yang , Si Guo , Leni Hunter , Sarwat Jahan , Fazurin Jamaludin , and Johanna Schauer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 September 2018

ISBN: 9781484371015

Keywords: Financial inclusion, Financial institutions, Financial services industry, Poor, financial inclusion, macroeconomic policymaking, fintech, Asia, Asia Pacific, Pacific

Asia has made significant progress in financial inclusion, but both its across-country and intra-country disparities are among the highest in the world. The gaps between the rich and the poor, rural and urban popul...

The Effectiveness of Monetary Policy Transmission Under Capital Inflows

The Effectiveness of Monetary Policy Transmission Under Capital Inflows »

Source: 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

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...

Conventional and Insidious Macroeconomic Balance-Sheet Crises

Conventional and Insidious Macroeconomic Balance-Sheet Crises »

Source: Conventional and Insidious Macroeconomic Balance-Sheet Crises

Volume/Issue: 2014/160

Series: IMF Working Papers

Author(s): Bas Bakker , and Leslie Lipschitz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 August 2014

ISBN: 9781498389044

Keywords: crises, capital inflows, exchange rate, real effective exchange rate, effective exchange rate, General, Macroeconomic Aspects of International Trade and Finance, Globalization: General,

This paper describes the anatomy of two types of balance-sheet macroeconomic crises. Conventional balance-sheet crises are triggered by external imbalances and balance sheet vulnerabilities. They typically occur af...