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The easing of controls on interest rates has led to higher interest rate volatility in India. Hence, there is a need to … assess the interest rate risk carried by a sample of Indian banks in March 2002. We find evidence of substantial exposure to …
Persistent link: https://www.econbiz.de/10014404135
This paper reviews developments and issues in the exchange arrangements and currency convertibility of IMF members. Against the backdrop of continuing financial globalization and a series of emerging market crises since 1997, there have been important changes in the evolution of exchange rate...
Persistent link: https://www.econbiz.de/10014404579
increase in protectionist pressures, and the disappointing performance of world trade, renewed concern has been expressed about …
Persistent link: https://www.econbiz.de/10014406218
and world commodity supplies and the real exchange rate and real commodity prices. It is shown that fiscal expansion and … increasing world commodity supplies simultaneously lead to an appreciation of the real exchange rate and a decline in relative …
Persistent link: https://www.econbiz.de/10014396210
This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well … of trade growth enhances real output per capita, volatility exerts a negative impact on economic growth operating mainly … trade volatility offset the positive impact of commodity booms; and export diversification of primary commodity abundant …
Persistent link: https://www.econbiz.de/10014396933
systemic financial risk. Benefits, such as enhanced investment and consumption smoothing, tend to be greater for countries … national level, robust macroprudential policy frameworks focused on mitigating systemic risk can improve the capacity of a … and to reduce systemic financial risk stemming from such flows (CFM/MPMs), and thereby ensure the appropriate application …
Persistent link: https://www.econbiz.de/10014408642
Persistent link: https://www.econbiz.de/10014408670
This paper investigates linkages between stock markets in seven industrialized countries since 1974. Empirical evidence shows that both nominal and real stock prices (and returns) are strongly positively correlated across countries, and that nominal exchange rate changes do not have systematic...
Persistent link: https://www.econbiz.de/10014396348
major industrial countries to strengthen the management of financial risk and prundential oversight over the international …
Persistent link: https://www.econbiz.de/10014403740
Following a review and assessment of recent developments in capital market and banking systems, this year's International Capital Markets report reviews and assesses recent developments in mature and emerging financial markets and continues the analysis of key issues affecting global financial...
Persistent link: https://www.econbiz.de/10014404420