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catching-up has been so much slower in Poland than in its regional peers, and whether this might hamper Poland's long … loans are. The chapter is organized as follows: section II.B discusses credit developments in the last decade and factors …-country experiences with policy responses to rapid credit growth of foreign currency credit and discuss recent policy measures taken in …
Persistent link: https://www.econbiz.de/10012560019
Of the new members entering the European Union (EU) in May 2004, several had achieved a decade of impressive export growth, expanding significantly their shares of world markets. The empirical analysis shows that over the period 1994–2004, quality and technology upgrading associated with the...
Persistent link: https://www.econbiz.de/10014404829
This note reviews some concepts of global liquidity and discusses measurement approaches that have been used by various interlocutors, including at the BIS, by Fund staff, and in academia. Some measures that could be regularly monitored by policy makers are presented
Persistent link: https://www.econbiz.de/10014410545
procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have … new cross-country evidence on how they influence real private bank credit growth. Our results show that these instruments …
Persistent link: https://www.econbiz.de/10014396432
This paper is an analysis of Japan’s credit channel. The economic condition has no hindrance, but credit demand showed … aspects act as an impediment to credit control. The Executive Board expects restructuring of financial policies in government … this paper as a study of Japan’s thoughts in an efficient route to credit boom …
Persistent link: https://www.econbiz.de/10014395722
This paper on the Republic of Poland was prepared by a staff team of the International Monetary Fund as background … views of the government of the Republic of Poland or the Executive Board of the IMF. …
Persistent link: https://www.econbiz.de/10011245405
Enhancing public and private investment, but also ensuring that this translates into higher growth and employment, have … long been key policy challenges in Arab countries. Reflecting an improvement in policies and global conditions, investment … differences across the region-investment has on average been somewhat weaker than in peer countries and less effective at …
Persistent link: https://www.econbiz.de/10014408616
In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international … the relative price of investment to build and estimate these IST processes across the U.S and a ""rest of the world …
Persistent link: https://www.econbiz.de/10014397271
Since 1978 the Chinese economy has grown on average more than 9 percenta year. Per capita income has nearly quadrupled in the past 15 years andsome analysts predict that within 20 years the Chinese economy will belarger than that of the United States. This pamphlet analyzes the reasonsfor the...
Persistent link: https://www.econbiz.de/10014403126
This paper extends recent work by Feldstein and Horioka (1980) and Bayoumi (1990), and examines saving-investment … non-EMS countries. It is seen that the EMS countries exhibit much lower saving-investment correlations than their non …
Persistent link: https://www.econbiz.de/10014396141