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Managing Financial Risks in indebted Developing Countries

International Monetary Fund - 1989

This paper examines the types of market-related hedging instruments that could potentially be useful to indebted developing countries as they seek to manage the financial risks created by variability of the prices of external assets and commodities. The paper reviews the variability in interest...

Persistent link: https://www.econbiz.de/10014399284

United States : Publication of Financial Sector Assessment Program Documentation: Technical Note on Regulatory Reform: OTC Derivatives

International Monetary Fund - 2010

OTC derivatives markets were an increasing source of vulnerability heading into the crisis. OTC derivatives markets contributed to the financial crisis. Credit derivatives facilitated the development and growth of the structured securities markets; and the purchasing, packaging, and distribution...

Persistent link: https://www.econbiz.de/10014403702

Asset Prices and Time-Varying Risk

International Monetary Fund - 1988

Observers have often characterized asset markets as being subject to periods of tranquility and periods of turbulence. Until recently, however, researchers were unable to produce closed-form asset pricing formulas in a model environment of time-varying risk. Some work by Abel provided us with...

Persistent link: https://www.econbiz.de/10014396175

Stock Prices, Real Exchange Rates, and Optimal Capital Accumulation

International Monetary Fund - 1988

changes in the world interest rate …

Persistent link: https://www.econbiz.de/10014396304

Consumer Price Index Manual : Theory, 2025

International Monetary Fund - 2025

The Theory publication and the companion on the practice of compiling consumer price indices (CPIs) is jointly … Cooperation and Development (OECD), the United Nations Economic Commission for Europe (UNECE), and the World Bank. The IMF managed … the update of the Theory publication and the CPI Manual. Drafting of this publication was led by Erwin Diewert with …

Persistent link: https://www.econbiz.de/10015452128

Monetary Policy Strategies

International Monetary Fund - 1988

The paper considers the merits of rules and discretion for monetary policy when the structure of the macroeconomic model and the probability distributions of disturbances are not well defined. It is argued that when it is costly to delay policy reactions to seldom-experienced shocks until formal...

Persistent link: https://www.econbiz.de/10014395820

Commodity Markets and the International Transmission of Fiscal Shocks

International Monetary Fund - 1988

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/10014395951

Transactions Costs and Vehicle Currencies

International Monetary Fund - 1989

Persistent link: https://www.econbiz.de/10014396025

Trade Policy and Macroeconomic Balance in the World Economy

International Monetary Fund - 1988

The paper explores the relationship between trade policy and current accounts. The effect on the current account of a change in protection at home and then abroad is analyzed, assuming that the exchange rate floats. The “savings-and-investment approach” is used. It shows that there is no...

Persistent link: https://www.econbiz.de/10014396105

International Spillovers of Taxiation

International Monetary Fund - 1989

This paper highlights key issues pertinent for the understanding of international effects of domestic tax policies and of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the analysis of international economic interdependence focusing on...

Persistent link: https://www.econbiz.de/10014396181