Showing 1 - 10 of 65
Persistent link: https://www.econbiz.de/10004777019
This paper presents evidence that spillovers through bank lending, as opposed to trade linkages and country characteristics, can help explain contagion. We construct a measure of competition for bank funds and find evidence in favor of a common lender effect in the Mexican, Thai, and Russian...
Persistent link: https://www.econbiz.de/10014401017
This paper analyzes the origins, implications, and solutions for the Asian financial crisis. From the perspective of a member of the Executive Board of the IMF, as Asian problems were building, the IMF overlooked weaknesses in bank and corporate balance sheets in much of Asia: the IMF was...
Persistent link: https://www.econbiz.de/10014397245
This paper develops a small analytical model to explore the relationship between the dynamics of macroeconomic adjustment and the timing of the implementation of an adjustment program featuring a nominal devaluation. The effects of postponing adjustment depend on the source of the original...
Persistent link: https://www.econbiz.de/10014396111
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/10014395945
grants on real GDP growth in Ethiopia. The paper presents an analysis of the sources of growth during 1991/92–2003/04, as … aid and the performance of the external sector in Ethiopia to establish whether foreign aid inflows have had an adverse …
Persistent link: https://www.econbiz.de/10014405840
This paper examines Ethiopia’s 2004 Article IV Consultation and Sixth Review Under the Three-Year Arrangement Under the … these test dates have been met. In particular, the implementation of the Commercial Bank of Ethiopia (CBE) restructuring …
Persistent link: https://www.econbiz.de/10014405944
Facing declining reserves and high inflation, Ethiopian authorities have implemented an effective macroeconomic adjustment package supported by the IMF under the rapid-access component of the Exogenous Shocks Facility. The global recession is putting renewed pressure on the external position,...
Persistent link: https://www.econbiz.de/10014406034
Ethiopia showed commendable performance under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Executive … Commercial Bank of Ethiopia, and stressed the need to strengthen the organizational structure and finances of the National Bank … of Ethiopia. They agreed that Ethiopia has successfully completed the fifth review under the PRGF program, and approved …
Persistent link: https://www.econbiz.de/10014406098
This paper assesses Ethiopia’s 2002 Article IV Consultation and Third Review Under the Poverty Reduction and Growth …
Persistent link: https://www.econbiz.de/10014406363