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Indexation and Maturity of Government Bonds : A Simple Model
International Monetary Fund - 1989
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/10014395943
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The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition : Issues and Lessons From Experience
International Monetary Fund - 1994
In economies in transition, the development of financial markets is a common objective linking the monetary and fiscal authorities, while monetary and public debt management cannot be strictly separated. This calls for close coordination of objectives and instruments of monetary and debt...
Persistent link: https://www.econbiz.de/10014398325
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A General Equilibrium Model with Informal Financial Markets
International Monetary Fund - 1991
The paper presents a general equilibrium framework for short-run macroeconomic analysis in a developing country context where controls on interest rates and foreign exchange restrictions lead to the emergence of informal financial markets. The complexity of the model precludes an analytical...
Persistent link: https://www.econbiz.de/10014397805
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Asset Prices and Time-Varying Risk
International Monetary Fund - 1988
time-varying risk. Some work by Abel provided us with the insights needed to produce such formulas. This paper gives a …
Persistent link: https://www.econbiz.de/10014396175
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Model Uncertainty. Learning, and the Gains from Coordination
International Monetary Fund - 1988
The paper considers gains from international economic policy coordination when there is uncertainty concerning the functioning of the world economy, but also learning about the “true” model on the part of policymakers. The paper reports estimates of plausible alternative versions of a...
Persistent link: https://www.econbiz.de/10014395854
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Empirical Analysis of High-Inflation Episodes in Argentina, Brazil, and Israel
International Monetary Fund - 1988
Although accommodative policies and widespread indexation may account for the persistence of high inflation, they … cannot explain changes in the inflation rate. This paper examines the causes of such changes for the high-inflation episodes … distinguish between the “fiscal” and “balance of payments” views of the causes of high inflation by computing historical …
Persistent link: https://www.econbiz.de/10014396235
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Japan 2011 Article IV consultation : 2011 selected issues
Berkmen, Pelin; Lam, W. Raphael; Steinberg, Chad Bennett; … - 2011
Persistent link: https://www.econbiz.de/10009515563
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Collective Action Clauses in Sovereign Bond Contracts : Encouraging Greater Use
International Monetary Fund - 2002
Persistent link: https://www.econbiz.de/10014409835
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From Banking to Sovereign Stress : Implications For Public Debt
International Monetary Fund - 2014
This paper explores how banking sector developments and characteristics influence the propagation of risks from the banking sector to sovereign debt, including how they affect the extent of fiscal costs of banking crises when those occur. It then proposes practices and policies for the fiscal...
Persistent link: https://www.econbiz.de/10014410683
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Issues in Restructuring of Sovereign Domestic Debt
International Monetary Fund - 2021
As emerging and developing economies accumulate more domestic sovereign debt, it is likely to play a larger role in the resolution of future sovereign debt crises. This paper analyzes when and how to restructure sovereign domestic debt in unsustainable debt cases while minimizing economic and...
Persistent link: https://www.econbiz.de/10014410865