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International Monetary Fund - 1995

In January 1992, Kazakstan initiated a reform program to move toward market-determined prices. The price liberalization process was characterized by large relative price shifts and an increase in the overall price level toward those observed in market economies. The paper shows how the piecemeal...

Persistent link: https://www.econbiz.de/10014398244

Estimates of the Output Gap in Armenia with Applications to Monetary and Fiscal Policy

International Monetary Fund - 2010

This paper employs several econometric techniques to estimate the Armenian output gap. The findings indicate that the output gap is significantly positive in 2007 and 2008 and decreased dramatically in 2009. The paper uses these results to estimate a New Keynesian Phillips curve for Armenia,...

Persistent link: https://www.econbiz.de/10014398416

Opening and liberalization of markets in Africa - a response to globalization? : A policy dialogue ; Berlin, 1 - 3 December, 1998 ; summary report

Harris, Elliott (contributor) - 1999

Persistent link: https://www.econbiz.de/10001351565

Developing Essential Financial Markets in Smaller Economies; Stylized Facts and Policy Options

International Monetary Fund (IMF); International … - 2008

This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....

Persistent link: https://www.econbiz.de/10011245902

Global Impact and Challenges of Unconventional Monetary Policies

International Monetary Fund - 2013

growing academic and central banking literature, as well as further staff analysis contained in the Background Paper. While …

Persistent link: https://www.econbiz.de/10014410652

The Implications of Fiscal Conditions and Growing Internationalization for Monetary Policies and Financial Market Conditions

International Monetary Fund - 1988

The paper argues that the endogenous behavior of monetary authorities provides an important channel through which fiscal policy influences financial variables, and that growing internationalization has increased the sensitivity of financial conditions to fiscal policy. The core of the argument...

Persistent link: https://www.econbiz.de/10014396354

Guatemala; Selected Issues and Analytical Notes

International Monetary Fund (IMF); International … - 2013

This Selected Issues paper estimates both Guatemalaâ€™s potential output and output gap using a wide range of econometric techniques. The analysis suggests that Guatemalaâ€™s potential output growth is about 3.5 percent for the whole sample period and that the output gap is almost...

Persistent link: https://www.econbiz.de/10011243930

Republic of Korea: selected issues

Eskesen, Leif - 2010

Persistent link: https://www.econbiz.de/10009504217

European Financial Linkages; A New Look At Imbalances

International Monetary Fund (IMF); International … - 2010

We document external investment positions among European Union countries at the start of the financial crisis through the creation of a new database comprising bilateral external financial asset and liabilities, excluding reserve assets and derivatives. While there are some gaps in the data, the...

Persistent link: https://www.econbiz.de/10008839331

Financial globalization : a compilation of articles from Finance & development

Clift, Jeremy (contributor); Diehl, Elisa (contributor) - 2007

Assiduously tracking the trends and consequences of globalization, the IMF's quarterly magazine Finance & Development … focuses on financial globalization, including the policy implications of the huge growth in cross-border capital flows …. Articles also look at the expansion of world trade, explore the impact of globalization on jobs, taxation, and the poor, a …

Persistent link: https://www.econbiz.de/10012673982

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