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Guidelines for Investing PRG, PRG-HIPC, and CCR Trusts Assets

International Monetary Fund - 2017

'Guidelines') to establish the investment objectives and policies to guide the investment of assets of the PRG, PRG-HIPC, and CCR … Trusts (the'Trusts') which are available for investment under the Trusts' instruments. These Guidelines are included in this …

Persistent link: https://www.econbiz.de/10014408530

Guidelines For Investing PRG, PRG-HIPC, and CCR Trust Assets

International Monetary Fund - 2022

, were further amended on January 12, 2022, by the Executive Board of the IMF. The Guidelines establish the investment … objectives and policies to guide the investment of assets of the PRG, PRG-HIPC, and CCR Trusts (the "Trusts") which are available … for investment under the Trusts' instruments …

Persistent link: https://www.econbiz.de/10014410919

Macrofinance Model of the Czech Economy : Asset Allocation Perspective

International Monetary Fund - 2012

The paper developes a VAR macrofinance model of the Czech economy. It shows that yield misalignments from the yields implied by the macrofinance model partially determine subsequent yield changes over three to nine months. These yield misalignments tend to persist for a number of months. This...

Persistent link: https://www.econbiz.de/10014396906

Potential Role SDR Diversified Currency Portfolios Central Bank

International Monetary Fund - 1988

This paper compares the SDR in terms of its risk-return characteristics relative to those of its five components and, on this basis, finds that the SDR has performed favorably over the period under review. In addition, several efficient portfolios including the SDR and its components are...

Persistent link: https://www.econbiz.de/10014396007

Elasticity Optimism

International Monetary Fund - 2009

In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...

Persistent link: https://www.econbiz.de/10014402215

When in Peril, Retrench : Testing the Portfolio Channel of Contagion

International Monetary Fund - 2004

One plausible mechanism through which financial market shocks may propagate across countries is through the effect of past gains and losses on investors'' risk aversion. We first present a simple model on how heterogeneous changes in investors'' risk aversion affect portfolio decisions and stock...

Persistent link: https://www.econbiz.de/10014402038

Maintenance of the gold value of the fund's assets

Gold, Joseph - 1965

Persistent link: https://www.econbiz.de/10000663179

Maintenance of the Gold Value of the Fund's Assets

International Monetary Fund - 1971

This paper discusses Article IV, Section 8 of the Articles of Agreement which states the requirement of maintenance of the gold value of the IMF's assets. Each member of the IMF is bound to maintain the gold value of the IMF's holdings of the member's currency notwithstanding changes in the par...

Persistent link: https://www.econbiz.de/10014394421

Investment and Growth in the Arab World : A Scoping Note

International Monetary Fund - 2016

Enhancing public and private investment, but also ensuring that this translates into higher growth and employment, have … long been key policy challenges in Arab countries. Reflecting an improvement in policies and global conditions, investment … differences across the region-investment has on average been somewhat weaker than in peer countries and less effective at …

Persistent link: https://www.econbiz.de/10014408616

Investment : Specific Technology Shocks and International Business Cycles: An Empirical Assessment

International Monetary Fund - 2010

In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international … the relative price of investment to build and estimate these IST processes across the U.S and a ""rest of the world …

Persistent link: https://www.econbiz.de/10014397271