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Saving-Investment Correlations : Immobile Capital. Government Policy or Endogenous Behavior?
International Monetary Fund - 1989
This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over time. It is concluded that the main reason for the observed high correlations over the recent period is probably government policy
Persistent link: https://www.econbiz.de/10014396226
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Moreon the Effectiveness of Public Spendingon Health Care and Education : A Covariance Structure Model
International Monetary Fund - 2002
Using data for a sample of developing and transition countries, this paper estimates the relationship between government spending on health care and education, and social indicators. Unlike previous studies, where social indicators are used as proxies for the unobservable health and education...
Persistent link: https://www.econbiz.de/10014399239
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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 …
Persistent link: https://www.econbiz.de/10014399830
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Review of the IMF's Trade Restrictiveness Index
International Monetary Fund - 2005
This paper examines the construction of the index and its use over the past seven years, identifies its limitations …
Persistent link: https://www.econbiz.de/10014410091
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New Rates From New Weights
International Monetary Fund - 2005
This paper describes the result and the methodology of updating nominal and real effective exchange rate weights on the basis of trade data over 1999-2001. The underlying framework is an updated version of the IMF''s current effective exchange rate calculation, which uses weights largely based...
Persistent link: https://www.econbiz.de/10014400539
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Commodity Prices As a Leading Indicator of Inflation
International Monetary Fund - 1988
significantly improves the fit of regressions of a multi-country consumer price index. However, there does not appear to be a …
Persistent link: https://www.econbiz.de/10014396014
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A Noteon Saving-Investment Correlations in the EMS
International Monetary Fund - 1990
This paper extends recent work by Feldstein and Horioka (1980) and Bayoumi (1990), and examines saving-investment correlations for industrial countries in the post-war period. The focus of the enquiry is on differences observed between EMS and non-EMS countries. It is seen that the EMS countries...
Persistent link: https://www.econbiz.de/10014396141
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Fat Tails and their (Un)Happy Endings : Correlation Bias and its Implications for Systemic Risk and Prudential Regulation
International Monetary Fund - 2011
The correlation bias refers to the fact that claim subordination in the capital structure of the firm influences claim … holders’ preferred degree of asset correlation in portfolios held by the firm. Using the copula capital structure model, it is … shown that the correlation bias shifts shareholder preferences towards highly correlated assets, making financial …
Persistent link: https://www.econbiz.de/10014401318
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Republic of Armenia; Selected Issues
International Monetary Fund (IMF); International … - 2006
Although Armenia itself has a population of only about 3 million, an estimated 8 million Armenians live abroad. In this paper, the size and the sources of remittances to Armenia are first discussed. Then, the appropriate definition of remittances and subsequently present estimates of the...
Persistent link: https://www.econbiz.de/10011244293
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India; Selected Issues
International Monetary Fund (IMF); International … - 2009
Despite the external origin of the financial crisis, the potential impact on India’s corporate sector could be large, as India has become increasingly integrated with the global economy in the past decade. The Selected Issues paper discusses India’s economic development and...
Persistent link: https://www.econbiz.de/10011244625