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Should Argentina Be Welcomed Back by the Capital Markets?
Porzecanski, Arturo C. - Volkswirtschaftliche Fakultät, … - 2010
very few in the world, that refuses to abide by its treaty obligations to the IMF, which include allowing the Fund to … the IMF's Article IV Consultation process. Argentina is also the only G-20 member government that is in default on its …
Persistent link: https://www.econbiz.de/10008765919
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IMF conditionalities, liquidity provision, and incentives for fiscal adjustment
Guimaraes, Bernardo; Iazdi, Oz - Volkswirtschaftliche Fakultät, … - 2013
This paper proposes a model to study how conditional lending and immediate liquidity provision affect incentives for fiscal adjustment in a country facing the risk of sovereign default. Conditional lending provides explicit incentives for fiscal adjustment but immediate liquidity provision is...
Persistent link: https://www.econbiz.de/10011109435
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MODELLING THE WORLD EXCHANGE RATES:DYNAMICS, VOLATILITY AND FORECASTING
Nwaobi, Godwin - Volkswirtschaftliche Fakultät, … - 2008
Indeed, the specification of equilibrium in the world economy depends on the exchange rate regime and thus, the early contributions to the postwar literature on exchange rate economics are to a large extent concerened with the role of speculation in foreign exchange markets. However, the world...
Persistent link: https://www.econbiz.de/10005619306
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Strengthening the Governance of the International Monetary Fund: How a Dual Board Structure Could Raise the Effectiveness and Legitimacy of a Key Global Institution
Thimann, Christian; Just, Christian; Ritter, Raymond - Volkswirtschaftliche Fakultät, … - 2009
sidelined in policy debates in the past few years. One reason for the IMF not having taken a more central role in addressing key … guidance to IMF member countries, exert peer pressure and give economic policy advice, is overwhelmed by its tasks and … highly diverse tasks of the IMF require different governance structures in order to be implemented effectively. We believe …
Persistent link: https://www.econbiz.de/10004980389
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Determinants of Institutional Quality: A Case Study of IMF Programme Countries
Javed, Omer - Volkswirtschaftliche Fakultät, … - 2013
institutional quality, taking a sample of member countries of IMF, especially focusing on the programme countries and prolonged …
Persistent link: https://www.econbiz.de/10011107923
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Monetary System. Functional and Institutional Structure
Popa, Catalin C. - Volkswirtschaftliche Fakultät, … - 2007
This paperwork is meant to treat some contemporary and stringent global problems, related to the almost new problematic of international monetary system and its crises, since the Bretton Woods system breakdown. In the last 3 decades, this subsystem of global economy becomes the most important...
Persistent link: https://www.econbiz.de/10005789936
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Political Economic Pressures in Financial Crisis Resolution
Lim, Jamus Jerome - Volkswirtschaftliche Fakultät, … - 2007
The free flow of global capital has resulted in destabilizing financial crises, coupled with significant redistributive effects. However, the existing literature has not adequately addressed the channels for this redistribution, nor the different factors that influence the formation of...
Persistent link: https://www.econbiz.de/10005623329
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Some Policy Issues Regarding an Early Warning System
Reinhart, Carmen; Goldstein, Morris; Kaminsky, Graciela - Volkswirtschaftliche Fakultät, … - 2000
In focusing on the 24 month window prior to the onset of the crisis, the criteria for ranking the indicators presented in our related work does not distinguish between a signal given 12 months prior to the crisis and one given one month prior to the crisis. In what follows we examine this issue,...
Persistent link: https://www.econbiz.de/10008531924
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Early Warning System: An Assessment of Vulnerability
Reinhart, Carmen; Goldstein, Morris; Kaminsky, Graciela - Volkswirtschaftliche Fakultät, … - 2000
Predicting the timing of currency and banking crises is likely to remain an elusive task for academics, financial market participants, and policymakers. Few foresaw the Asian crises and fewer still could have imagined their severity. However, recent events have highlighted the importance of...
Persistent link: https://www.econbiz.de/10008531929
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Challenges for Systemic Risk Assessment in Low-Income Countries
Catalan, Mario; Demekas, Dimitri - Volkswirtschaftliche Fakultät, … - 2015
Assessing and monitoring systemic risk is a challenge for policy makers and supervisors in all countries. It is particularly challenging in low-income countries (LICs), owing to a number of characteristics shared to a greater or lesser extent by most of them. This paper discusses these common...
Persistent link: https://www.econbiz.de/10011274386