Narrow search
Showing 1 - 10 of 177
Cover Image
Japan 2011 Article IV consultation : 2011 selected issues
Berkmen, Pelin; Lam, W. Raphael; Steinberg, Chad Bennett; … - 2011
Persistent link: https://www.econbiz.de/10009515563
Cover Image
Structural Reforms in Government Bond Markets
International Monetary Fund - 1998
The paper documents institutional reforms that have taken place in the government debt markets of many industrial countries since the early 1980s, and investigates the impact of three key changes: (i) the move from relationship financing to market funding; (ii) the introduction of options; and...
Persistent link: https://www.econbiz.de/10014401655
Cover Image
Collective Action Clauses in Sovereign Bond Contracts : Encouraging Greater Use
International Monetary Fund - 2002
Persistent link: https://www.econbiz.de/10014409835
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Managing Risks in Financial Market Development; The Role of Sequencing
International Monetary Fund (IMF); International … - 2003
This paper proposes an integrated and risk-based approach to the sequencing and coordination of reforms to develop … and risk-mitigation measures is proposed to minimize both macroeconomic and financial risks. Capital account opening can …. The paper also argues that domestic institutional investors are critical to market development and risk mitigation. …
Persistent link: https://www.econbiz.de/10005768863
Cover Image
The Sensitivity of Secondary Sovereign Loan Market Returns to Macroeconomlc Fundamentals
International Monetary Fund - 1990
The sensitivity of secondary sovereign loan market returns to three classes of economic news is estimated in the arbitrage pricing theory framework. Returns are characterized by a limited response to unexpected changes in procyclical U.S. aggregates. Shocks to country-specific balance of payment...
Persistent link: https://www.econbiz.de/10014396212
Cover Image
Interest Rate Volatility and Risk in Indian Banking
International Monetary Fund - 2004
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
Cover Image
Fiscal Transparency, Accountability, and Risk
International Monetary Fund - 2012
This paper surveys that state of fiscal transparency in the wake of the current crisis and looks at what can be done to improve it. It examines the relationship between fiscal transparency and fiscal outcomes; reviews progress in promoting greater fiscal transparency over the past decade; considers...
Persistent link: https://www.econbiz.de/10014410215