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Denmark : Financial Sector Assessment Program: Technical Note: The Danish Mortgage Market: A Comparative Analysis

International Monetary Fund - 2007

This technical note presents a comparative analysis of the Danish Mortgage Market. It discusses the particularities of … the regulatory framework of the Danish mortgage system. The note compares and contrasts mortgage financing in Denmark and … evolutions, which could have potentially far-reaching consequences for the Danish mortgage system, are elaborated. The note also …

Persistent link: https://www.econbiz.de/10014407250

Export Pricing Behavior of Manufactuting : U.S.-Japan Comparison

International Monetary Fund - 1988

Using domestic and export price data and a framework of markup over cost, pricing behavior of U.S. and Japanese manufacturers is compared. Major export industries in Japan have higher productivity growth and lower pass-through coefficients than American exporters, who tend to price to domestic...

Persistent link: https://www.econbiz.de/10014395791

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

Guidelines for Investing PRG, PRG-HIPC, and CCR Trusts Assets

International Monetary Fund - 2017

On March 22, 2017, the Executive Board adopted the Guidelines for Investing PRG, PRG-HIPC, and CCR Trust Assets (the 'Guidelines') to establish the investment objectives and policies to guide the investment of assets of the PRG, PRG-HIPC, and CCR Trusts (the'Trusts') which are available for...

Persistent link: https://www.econbiz.de/10014408530

Macrofinance Model of the Czech Economy : Asset Allocation Perspective

International Monetary Fund - 2012

The paper developes a VAR macrofinance model of the Czech economy. It shows that yield misalignments from the yields implied by the macrofinance model partially determine subsequent yield changes over three to nine months. These yield misalignments tend to persist for a number of months. This...

Persistent link: https://www.econbiz.de/10014396906

Potential Role SDR Diversified Currency Portfolios Central Bank

International Monetary Fund - 1988

This paper compares the SDR in terms of its risk-return characteristics relative to those of its five components and, on this basis, finds that the SDR has performed favorably over the period under review. In addition, several efficient portfolios including the SDR and its components are...

Persistent link: https://www.econbiz.de/10014396007

Elasticity Optimism

International Monetary Fund - 2009

In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...

Persistent link: https://www.econbiz.de/10014402215

When in Peril, Retrench : Testing the Portfolio Channel of Contagion

International Monetary Fund - 2004

One plausible mechanism through which financial market shocks may propagate across countries is through the effect of past gains and losses on investors'' risk aversion. We first present a simple model on how heterogeneous changes in investors'' risk aversion affect portfolio decisions and stock...

Persistent link: https://www.econbiz.de/10014402038

Canada; Selected Issues

International Monetary Fund (IMF); International … - 2009

This Selected Issues paper on Canada examines economic development and policies. Capital ratios before the crisis have been a key determinant of bank performance during the turmoil; and Canadian banks had ample capital. Specifically, most banks with critically low capital at end-2006 later...

Persistent link: https://www.econbiz.de/10011244253

Norway; 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Norway

International Monetary Fund (IMF); International … - 2012

macroprudential standards for mortgage lending while undertaking tax reforms to gradually reduce incentives for excessive leverage …

Persistent link: https://www.econbiz.de/10011244493