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Australia; Financial Sector Assessment Program: Technical Note: Investor Protection, Disclosure, and Financial Literacy

International Monetary Fund (IMF); International … - 2006

This study reviews selected issues on investor protection and corporate governance in Australia, and concludes that the corporate governance framework for Australian-listed companies is largely healthy and dynamic. Shareholder activism is an important element of corporate governance because it...

Persistent link: https://www.econbiz.de/10011243130

Debt Relief and Leveraged Buy-Outs

International Monetary Fund - 1988

Analyses of debt relief that focus on the behavior of debtors and existing creditors understate the incentives for collective action by creditors. It is well known that debt relief could benefit existing creditors by providing incentives for domestic investment by residents of debtor countries....

Persistent link: https://www.econbiz.de/10014396061

Innovation in Banking and Excessive Loan Growth

International Monetary Fund - 2008

The volume of credit extended by a bank can be an informative signal of its abilities in loan selection and management. It is shown that, under asymmetric information, banks may therefore rationally lend more than they would otherwise in order to demonstrate their quality, thus negatively...

Persistent link: https://www.econbiz.de/10014401746

Guarding Against Fiscal Risks in Hong Kong SAR

International Monetary Fund - 2007

volatility creates risks to service provision, possibly entailing sudden tax changes, or even requiring new borrowing. After … fiscal savings (reserves), and the impact alternate policy choices could have on revenue volatility …

Persistent link: https://www.econbiz.de/10014400988

Interest Rate Volatility and Risk in Indian Banking

International Monetary Fund - 2004

The easing of controls on interest rates has led to higher interest rate volatility in India. Hence, there is a need to …

Persistent link: https://www.econbiz.de/10014404135

Macroeconomic Fundamentals, Price Discovery and Volatility Dynamics in Emerging Markets

International Monetary Fund - 2009

This study characterizes volatility dynamics in external emerging bond markets and examines how prices and volatility … markets are found to a¤ect both conditional returns and volatility, with the e¤ects on volatility being more pronounced and … volatility dynamics in external emerging bond markets …

Persistent link: https://www.econbiz.de/10014404285

Exchange Arrangements and Foreign Exchange Markets : Developments and Issues

International Monetary Fund - 2003

This paper reviews developments and issues in the exchange arrangements and currency convertibility of IMF members. Against the backdrop of continuing financial globalization and a series of emerging market crises since 1997, there have been important changes in the evolution of exchange rate...

Persistent link: https://www.econbiz.de/10014404579

Exchange Rate Volatility and World Trade

International Monetary Fund - 1984

In View of the continuation of substantial movements in exchange rate relationships among major currencies, the recent increase in protectionist pressures, and the disappointing performance of world trade, renewed concern has been expressed about the possible adverse effects of exchange rate...

Persistent link: https://www.econbiz.de/10014406218

The Impact of Introducing a Minimum Wageon Business Cycle Volatility : A Structural Analysis for Hong Kong SAR

International Monetary Fund - 2008

We study the impact of a minimum wage on business cycle volatility, depending upon its coverage and adjustment … affecting 20 percent of employees would amplify output volatility by 0.2 percent to 9.2 percent, and employment volatility by ?1 ….2 percent to 7.8 percent. A fixed wage or indexation to consumption price inflation increases volatility most. Indexation to …

Persistent link: https://www.econbiz.de/10014401464

Trade Costs and Real Exchange Rate Volatility : The Role of Ricardian Comparative Advantage

International Monetary Fund - 2005

This paper examines the impact of trade costs on real exchange rate volatility. We incorporate a multi … exchange rate volatility depends on relative technological differences and trade costs. These differences highlight a new … volatility. We then test the importance of this channel using a large panel of cross-country data over 1970-97, and find strong …

Persistent link: https://www.econbiz.de/10014399797