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A Noteon Saving-Investment Correlations in the EMS
International Monetary Fund - 1990
This paper extends recent work by Feldstein and Horioka (1980) and Bayoumi (1990), and examines saving-investment correlations for industrial countries in the post-war period. The focus of the enquiry is on differences observed between EMS and non-EMS countries. It is seen that the EMS countries...
Persistent link: https://www.econbiz.de/10014396141
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Monetary Policy Interaction within the EMS
International Monetary Fund - 1989
A simple two-country stochastic model is used to analyze monetary policy interaction in a system of exchange rate bands such as the EMS, in the context of internationally-integrated financial markets. We consider the widely-acknowledged asymmetry of the system, as it pertains to member...
Persistent link: https://www.econbiz.de/10014396204
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Credibility. Capital Controls, and the EMS
International Monetary Fund - 1989
A common rationale for EMS membership is that it enhances the credibility of a central bank’s commitment to stable monetary growth. In this paper we consider this idea in the light of two features of the system, namely, the existence of exchange rate bands and the prevalence of capital...
Persistent link: https://www.econbiz.de/10014396035
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France : Financial Sector Assessment Program—Technical Notes—Stress Testing Methodology and Results; Integration into Global Financial Markets; and Public Intervention in Financial...
International Monetary Fund - 2005
These Technical Notes on France explain integration of global financial markets. The stress tests for the France … constraints of the approach. Retail activity by foreign banks in France is small, but significant. The financial landscape in … France remains characterized by a large number of idiosyncrasies that affect monetary transmission. Macroeconometric models …
Persistent link: https://www.econbiz.de/10014405967
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Staff Report on the Monetary and Exchange Rate Policies of the Euro Area : Supplement Updating Information on Recent Economic Developments and Policies in the Euro Area; Supplement...
International Monetary Fund - 2000
For the time being—and possibly for a considerable time to come—developments and prospects for the euro area are quite favorable. This upbeat outlook is underpinned by buoyant activity indicators and a supportive policy mix. High household and business confidence, rising capacity utilization...
Persistent link: https://www.econbiz.de/10014401965
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France, Germany, Italy, and Spain : Explaining Differences in External Sector Performance Among Large Euro Area Countries
International Monetary Fund - 2005
This cross-country paper explains differences in external sector performance among four large euro area countries—France …, Germany, Italy, and Spain. The paper discusses that during 2001–04, the performance of the external sector differed markedly …
Persistent link: https://www.econbiz.de/10014407076
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Selected Euro-Area Countries : Rules-Based Fiscal Policy and Job-Rich Growth in France, Germany, Italy, and Spain-Report with Supplementary Information
International Monetary Fund - 2001
Union is a major achievement but also a difficult process in the four countries (France, Germany, Italy, and Spain) …
Persistent link: https://www.econbiz.de/10014407227
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Following Germany'S Lead : Using International Monetary Linkages to Identify the Effect of Monetary Policyon the Economy
International Monetary Fund - 2005
-looking monetary policy decisions. The bias is higher for countries whose monetary policy was more independent of Germany …
Persistent link: https://www.econbiz.de/10014400699
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Taxation and the Cost of Capital in Hungary and Poland : A Comparison with Selected European Countries
International Monetary Fund - 1990
This paper compares the effective rates of taxation faced by a representative investor located in a major capital-exporting country for investments in machinery and buildings in nine capital-importing European countries. Poland and Hungary are found to have relatively high effective tax rates on...
Persistent link: https://www.econbiz.de/10014395865
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Israel; Selected Issues
International Monetary Fund (IMF); International … - 2006
This Selected Issues paper analyzes the empirical relationship between corporate leverage—and other indicators of financial health—and investment in Israel, using dynamic panel data techniques. The results suggest that weak balance sheets may well have contributed to the investment...
Persistent link: https://www.econbiz.de/10011245486