Showing 1 - 8 of 8
This paper analyzes the origins, implications, and solutions for the Asian financial crisis. From the perspective of a member of the Executive Board of the IMF, as Asian problems were building, the IMF overlooked weaknesses in bank and corporate balance sheets in much of Asia: the IMF was...
Persistent link: https://www.econbiz.de/10014397245
Persistent link: https://www.econbiz.de/10004777019
This paper presents evidence that spillovers through bank lending, as opposed to trade linkages and country characteristics, can help explain contagion. We construct a measure of competition for bank funds and find evidence in favor of a common lender effect in the Mexican, Thai, and Russian...
Persistent link: https://www.econbiz.de/10014401017
This paper develops a small analytical model to explore the relationship between the dynamics of macroeconomic adjustment and the timing of the implementation of an adjustment program featuring a nominal devaluation. The effects of postponing adjustment depend on the source of the original...
Persistent link: https://www.econbiz.de/10014396111
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395953
This technical note on the Republic of Poland underlies the country’s credit, growth, and financial stability. A broad …
Persistent link: https://www.econbiz.de/10014406890
Poland stands out among transition economies as having experienced a relatively short and shallow contraction followed … by sustained, vigorous growth. This paper examines various aspects of Poland’s growth performance from 1992 through 1998 … at the macroeconomic level as well as across sectors and regions. It discusses the sources of Poland’s growth, showing …
Persistent link: https://www.econbiz.de/10014399954
The East African Community (EAC) countries—Kenya, Tanzania, Uganda, and Rwanda—have been affected by the global financial crisis and global recession. The fall in global demand and inflows and tighter liquidity conditions abroad affected the countries in this region as elsewhere in...
Persistent link: https://www.econbiz.de/10014411426