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The Effects of Financial Deregulationon Consumption
International Monetary Fund - 1989
This paper examines whether financial deregulation in the 1980s has reduced the importance of liquidity constraints in consumption patterns. Data for six industrialized countries are used to estimate a simple model incorporating liquidity constraints and forward looking behavior. It is concluded...
Persistent link: https://www.econbiz.de/10014396051
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Lao People's Democratic Republic; Third Review Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criterion and Extension of the Arrangement—...
International Monetary Fund (IMF); International … - 2003
Lao People's Democratic Republic (Lao PDR) showed commendable growth owing to its strong macroeconomic performance and structural reforms under the economic program. Executive Directors commended the fiscal performance, bank restructuring, and the private sector developments, and stressed the...
Persistent link: https://www.econbiz.de/10005825042
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Optimal Fiscal Policy and Government Provision of Contingent Liabilities : The Example of Government Loan and Deposit Guarantees
International Monetary Fund - 1989
The optimal provision of loan guarantees or deposit insurance is examined in the context of an overlapping generations model. It is demonstrated that even in the face of a market imperfection that precludes diversification of the private sector’s loan portfolio to eliminate risk, full...
Persistent link: https://www.econbiz.de/10014395814
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Angola; Staff Report for the 2012 Article IV Consultation and Post Program Monitoring
International Monetary Fund (IMF); International … - 2012
The Angolan government’s efforts to achieve macroeconomic stability to bring inflation and fiscal deficit considerably down are paying off despite high vulnerability to oil revenue shocks. The expected overall growth of up to 7 percent will be contributed to by increased oil production,...
Persistent link: https://www.econbiz.de/10011244737
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Republic of Latvia; Second Review and Financing Assurances Review Under the Stand-By Arrangement, Request for Extension of the Arrangement and Rephasing of Purchases Under the Arra...
International Monetary Fund (IMF); International … - 2010
This paper discusses key findings of the Second Review and Financing Assurances Review Under the Stand-By Arrangement for Latvia. The sharp economic downturn is starting to bottom out, although recovery has not yet begun. The authorities have implemented the June 2009 supplementary budget, and...
Persistent link: https://www.econbiz.de/10011243235
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Republic of Serbia Financial Sector Assessment Program Update : Corporate and Household Debt Restructuring
International Monetary Fund - 2009
Nonperforming Loans (NPLs) in the banking system constituted 16.5 percent of total loans, owing primarily to the corporate sector. The Credit Bureau, maintained by the Association of Serbian Banks, also discloses dramatic increases in corporate and retail defaults over the past year. NPL...
Persistent link: https://www.econbiz.de/10012247156
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Republic of Serbia : Financial Sector Assessment Program Update: Technical Note on Corporate and Household Debt Restructuring
International Monetary Fund - 2010
This Technical Note assesses Corporate and Household Debt Restructuring in Serbia. As of June 2009, nonperforming loans …
Persistent link: https://www.econbiz.de/10014404516
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Spain : Financial Sector Assessment Program: Technical Note: Housing Prices, Household Debt, and Financial Stability
International Monetary Fund - 2006
This report reviews the macroeconomic determinants of the rapid growth in the Spanish housing market, including various policy elements. It examines the vulnerabilities of households' finances as a result of the rapid growth of housing prices and mortgage debt. It also describes the Spanish...
Persistent link: https://www.econbiz.de/10014407049
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Spain : Vulnerabilities of Private Sector Balance Sheets and Risks to the Financial Sector Technical Notes
International Monetary Fund - 2012
This technical note assesses the vulnerabilities of household and corporate sector balance sheets and quantifies the … Spanish financial stability arising from household indebtedness. The analysis expands the use of microlevel data to assess … household vulnerabilities, distinguishing between indebted and nonindebted households as well as accounting for the allocation …
Persistent link: https://www.econbiz.de/10014395879
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The Great Rebalancing Act : Can Investment Be a Lever in Asia?
International Monetary Fund - 2011
Ensuring stable growth in the postcrisis world economy will require a rebalancing of economic activity in several countries. In Asia’s export-dependent economies, this entails relying more on private domestic demand as a driver of growth. While some countries need to raise consumption, several...
Persistent link: https://www.econbiz.de/10014402557