To date, an operational measure of systemic risk capturing non-linear tail comovement between system-wide and individual bank returns has not yet been developed. This paper proposes an extension of the so-called CoVaR measure that captures the asymmetric response of the banking system to...

Economists interested in location choices usually focus their attention on investments abroad. This neglects the fact that multinational enterprises continue to invest domestically while undertaking foreign expansion. This paper compares investments at home and abroad. Our firm-level dataset...

This paper studies the volatility of commodity prices on the basis of a large dataset of monthly prices observed in international trade data from the United States over the period 2002 to 2011. The conventional wisdom in academia and policy circles is that primary commodity prices are more...

The data module of this Report on the Observance of Standards and Codes (ROSC) of Tanzania provides a summary assessment of practices on the coverage, periodicity, and timeliness of the data categories against the IMF’s General Data Dissemination System (GDDS). It is complemented by an...

This Report on the Observance of Standards and Codes Data Module provides a review of Canada’s data dissemination practices against the IMF’s special data dissemination standard (SDDS), complemented by the in-depth assessment of the quality of six key sets of macroeconomic...

This Report on the Observance of Standards and Codes data module provides a review of Azerbaijan’s data dissemination practices against the IMF’s General Data Dissemination System (GDDS), complemented by an in-depth assessment of the quality of the national accounts, consumer price...

This paper presents an update to the Report on the Observance of Standards and Codes on Data Module for Hungary. Hungary continues to observe the specifications of the Special Data Dissemination Standards for the coverage, periodicity, and timeliness of all data categories, including the...

This report on the Russian Federation’s Observance of Standards and Codes highlights the Data Module and response by the authorities. Russia’s statistical system has made good progress in adopting international statistical methodologies in response to the need to capture in the...

This data module of the Report on Observance of Standards and Codes (ROSC) for Mexico contains a brief assessment of dissemination practices relative to the Special Data Dissemination Standards (SDDS) of the IMF. The findings reveal that dissemination of data subject to the SDDS is in observance...