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Spillovers Through Banking Centers : A Panel Data Analysis

International Monetary Fund - 2000

To test the role of bank lending in transmitting currency crisis we examine a panel of BIS data on bank flows to 30 emerging markets disaggregated by 11 banking centers. We find that bank exposures to a crisis country help predict bank flows in third countries after the Mexican and Asian crisis,...

Persistent link: https://www.econbiz.de/10014399830

South Africa: 2012 Article IV Consultation - Staff Report, Informational Annex, Debt Sustainability Analysis, Staff Statement, Public Information Notice

International Monetary Fund (IMF); International … - 2012

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Persistent link: https://www.econbiz.de/10010878425

Deconstructing the International Business Cycle; Why Does a U.S. Sneeze Give the Rest of the World a Cold?

International Monetary Fund (IMF); International … - 2010

commodity prices. Other advanced economic regions play a much smaller and regional role in growth spillovers. Our findings are …

Persistent link: https://www.econbiz.de/10008727802

Decoupling From the East toward the West? Analyses of Spillovers to the Baltic Countries

International Monetary Fund (IMF); International … - 2009

This paper uses VAR models to examine the magnitude and sources of growth spillovers to the Baltics from key trading …-country spillovers to the Baltics with those from the EU outweighing spillovers from Russia. Shocks to the REER generally depress growth … of spillovers to the region which partly explains the realization of downside risks to the Baltics from the global …

Persistent link: https://www.econbiz.de/10008528644

Growth Spillover Dynamics From Crisis to Recovery

International Monetary Fund (IMF); International … - 2011

, providing useful tailwinds to their recovery process? This study investigates the potential relevance of growth spillovers in … Japan remain the key source of growth spillovers in this recovery, with France also playing an important role for the … spillovers compared to other systemic countries, but likely plays a key role in transmitting and amplifying external growth …

Persistent link: https://www.econbiz.de/10009327861

Did the Euro Crisis Affect Non-Financial Firm Stock Prices Through a Financial or Trade Channel?

International Monetary Fund (IMF); International … - 2011

This paper analyzes through what channels the euro crisis has affected firm valuations globally. It examines stock price responses over the past year for 3045 non-financial firms in 16 countries to three key crisis events. Using pre-crisis benchmarks, it separates effects arising from changes in...

Persistent link: https://www.econbiz.de/10009327863

Impact of the Global Crisison Banking Sector Soundness in Asian Low-Income Countries

International Monetary Fund (IMF); International … - 2011

possible crisis spillovers: exposures to (i) valuation changes of mark-to-market financial assets, (ii) a drop in crossborder …

Persistent link: https://www.econbiz.de/10009147328

How to Stop a Herd of Running Bears? Market Response to Policy Initiatives During the Global Financial Crisis

International Monetary Fund (IMF); International … - 2009

This paper examines the impact of macroeconomic and financial sector policy announcements in the United States, the United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia. Announcements of interest rate cuts, liquidity support, liability...

Persistent link: https://www.econbiz.de/10008559268

Estimating a Small Open-Economy Model for Egypt; Spillovers, Inflation Dynamics, and Implications for Monetary Policy

International Monetary Fund (IMF); International … - 2011

This paper estimates a small open economy model for Egypt to analyze inflation, output dynamics and monetary policy during 2005-2010. The interest rate channel is found to be relatively weak in Egypt, complicating the use of interest rates as the immediate target of monetary policy. However, the...

Persistent link: https://www.econbiz.de/10009019594

People's Republic of China; 2011 Article IV Consultation

International Monetary Fund (IMF); International … - 2011

In this study, Chinaâ€™s economic developments and policies are discussed. Economic growth has been increased by expanding infrastructure and real estate construction. The policy measures outlined in the twelfth five-year plan and implementation of financial reform are important for...

Persistent link: https://www.econbiz.de/10011242493