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The Sensitivity of Secondary Sovereign Loan Market Returns to Macroeconomlc Fundamentals
International Monetary Fund - 1990
The sensitivity of secondary sovereign loan market returns to three classes of economic news is estimated in the arbitrage pricing theory framework. Returns are characterized by a limited response to unexpected changes in procyclical U.S. aggregates. Shocks to country-specific balance of payment...
Persistent link: https://www.econbiz.de/10014396212
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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 respond to news about macroeconomic fundamentals. As in mature bond markets, macroeconomic surprises in external emerging bond markets are found to a¤ect both conditional...
Persistent link: https://www.econbiz.de/10014404285
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Asset Prices and Time-Varying Risk
International Monetary Fund - 1988
Observers have often characterized asset markets as being subject to periods of tranquility and periods of turbulence. Until recently, however, researchers were unable to produce closed-form asset pricing formulas in a model environment of time-varying risk. Some work by Abel provided us with...
Persistent link: https://www.econbiz.de/10014396175
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Stock Prices, Real Exchange Rates, and Optimal Capital Accumulation
International Monetary Fund - 1988
This paper analyzes the dynamics of the real exchange rate and the price of equity for a small open economy using an optimizing model in which the process of capital accumulation entails adjustment costs. The analysis demonstrates that along an adjustment path toward long-run equilibrium,...
Persistent link: https://www.econbiz.de/10014396304
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Nigeria; Publication of Financial Sector Assessment Program Documentation––Detailed Assessment of Compliance of the Basel Core Priciples for Effective Banking Supervision...
International Monetary Fund (IMF); International … - 2013
in Nigeria. The assessment team reviewed the legal framework for banking supervision and held extensive discussions with … the staff of the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC). It is assessed that … Nigeria has recorded significant improvement in its level of compliance with the BCPs, which is attributed to the enhancement …
Persistent link: https://www.econbiz.de/10011244308
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Nigeria; Publication of Financial Sector Assessment Program Documentation––Technical Note of Banking Cross-Border Issues
International Monetary Fund (IMF); International … - 2013
Nigeria (CBN) should enhance further its work in improving cross-border supervision, including home-host coordination and …
Persistent link: https://www.econbiz.de/10011244542
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Nigeria: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Nigeria
International Monetary Fund (IMF); International … - 2015
KEY ISSUES Context. Nigeria has a large and diverse economy that has achieved a decade of strong growth, averaging 6 ….8 percent a year. However, Nigeria still lags peers in critical infrastructure and has high rates of poverty and income …
Persistent link: https://www.econbiz.de/10011245409
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Nigeria; Publication of Financial Sector Assessment Program Documentation––Technical Note on Stress Testing
International Monetary Fund (IMF); International … - 2013
To assess the financial stability in Nigeria, various stress tests and analytic processes were undertaken jointly by …
Persistent link: https://www.econbiz.de/10011245495
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Nigeria; Publication of Financial Sector Assessment Program Documentation––Technical Note on Crisis Management and Crisis Preparedness Frameworks
International Monetary Fund (IMF); International … - 2013
credible exit strategy. The Central Bank of Nigeria (CBN) has a broad resolution toolkit, which was put to use during the … crisis to resolve the intervened banks. The Nigerian authorities set up the Asset Management Corporation of Nigeria (AMCON …
Persistent link: https://www.econbiz.de/10011242485
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Nigeria: Selected Issues Paper
International Monetary Fund (IMF); International … - 2015
Persistent link: https://www.econbiz.de/10011242662