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The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014397927
This paper discusses key findings of the assessment of Financial Sector Supervision and Regulation (FSSR) for Monaco. Since the 2002 Offshore Financial Center assessment, the Principality of Monaco has taken important steps to further strengthen an already comprehensive legal framework,...
Persistent link: https://www.econbiz.de/10011245014
This paper discusses how financial innovation turned U.S. mortgages into an asset class with worldwide investor appeal. It suggests that U.S. financial markets have been skilful in developing tools that have helped households exploit favorable global financing conditions to boost home ownership...
Persistent link: https://www.econbiz.de/10011242944
This technical note focuses on fixed income markets for Thailand. The note recommends that Thailand should begin an orderly transition from merit-based regulation of corporate issuers and institutional investors to a disclosure-based regulatory system that opens the debt market to a larger and...
Persistent link: https://www.econbiz.de/10011243082
The staff report for the 2008 Article IV Consultation of Israel on economic developments and policies is examined. Fiscal and monetary credentials have been established in markets. Banks and their supervisory arrangements have been robust, and growth has been strong, sustained, and balanced....
Persistent link: https://www.econbiz.de/10011243740
This paper presents the staff report for Norway’s 2009 Article IV Consultation on economic developments and policies. Unemployment remains low, and key short-term indicators point to a continued recovery. Norway’s resilience has been underpinned by substantial macroeconomic...
Persistent link: https://www.econbiz.de/10011245393
Persistent link: https://www.econbiz.de/10005824821
This 2009 Article IV Consultation highlights that like other open economies, Korea was hard hit by the global financial crisis during the last quarter of 2008. The authorities responded with a timely and comprehensive set of financial market and macrostabilization measures. Executive Directors...
Persistent link: https://www.econbiz.de/10011243917
The adverse impact of the crisis on Luxembourg’s growth outlook is partly mitigated by the authorities’ well …-conceived fiscal policy response. The staff report for Luxembourg’s 2009 Article IV Consultation highlights economic developments and …
Persistent link: https://www.econbiz.de/10014403391
This paper analyzes economic developments in Luxembourg during the 1990s. Economic performance continues to be … exceptional in Luxembourg. Growth averaged 6 percent during 1980s, well above the European average, while the inflation and … unemployment rates ranked among the very lowest. In 1994, Luxembourg was the only European industrialized country to run a general …
Persistent link: https://www.econbiz.de/10014397215