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Trade and Industrial Location with Heterogeneous Labor
International Monetary Fund - 2004
We show in the context of a new economic geography model that when labor is heterogenous trade liberalization may lead to industrial agglomeration and interregional trade. Labor heterogeneity gives local monopoly power to firms but also introduces variations in the quality of the job match....
Persistent link: https://www.econbiz.de/10014404143
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Equilibrium Wage Dispersion : An Example
International Monetary Fund - 2006
Search models with posting and match-specific heterogeneity generate wage dispersion. Given K values for the match-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are posted in equilibrium. What is unknown is...
Persistent link: https://www.econbiz.de/10014402407
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Financial Crisis in Developing Countries and Structural Weaknesses of the Financial System
International Monetary Fund - 1989
This paper examines the generation of financial crises in developing economies and shows that the microeconomic structure of the financial sector is a crucial factor in creating the conditions for a crisis. Structural problems of the financial system in developing countries, including implicit...
Persistent link: https://www.econbiz.de/10014396313
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Denmark : Financial Sector Assessment Program: Technical Note: The Danish Mortgage Market: A Comparative Analysis
International Monetary Fund - 2007
This technical note presents a comparative analysis of the Danish Mortgage Market. It discusses the particularities of … the regulatory framework of the Danish mortgage system. The note compares and contrasts mortgage financing in Denmark and … evolutions, which could have potentially far-reaching consequences for the Danish mortgage system, are elaborated. The note also …
Persistent link: https://www.econbiz.de/10014407250
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Statement by the Managing Director on the Independent Evaluation Office Report on Self-Evaluation at the IMF : An IEO Assessment
International Monetary Fund - 2015
The thrust of the report's recommendations to strengthen the institutional framework for self-evaluation, adapt it over … time to changing circumstances, and better disseminate lessons from self-evaluation are well taken. I believe, however …
Persistent link: https://www.econbiz.de/10014408591
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Statement by the Managing Director on the Independent Evaluation Office Report on IMF Exchange Rate Policy Advice : Revisiting the 2007 IEO Evaluation
International Monetary Fund - 2017
I would like to thank the Independent Evaluation Office (IEO) for preparing this informative and timely report, which …
Persistent link: https://www.econbiz.de/10014408636
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Statement by the Managing Director on the Independent Evaluation Office Report on Recurring Issues from a Decade of Evaluation : Lessons for the IMF
International Monetary Fund - 2014
The Managing Director welcomes the IEO's novel report, which identifies recurring issues from past evaluations and assesses progress in addressing them. The report's focus on organizational silos, attention to risks and uncertainty, country and institutional context, evenhandedness, and...
Persistent link: https://www.econbiz.de/10014410568
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The Chair's Summing Up Independent Evaluation Office : IMF advice on Capital Flows Executive Board Meeting 20/93 September 18, 2020
International Monetary Fund - 2020
Executive Directors welcomed the report of the Independent Evaluation Office (IEO) on IMF Advice on Capital Flows …
Persistent link: https://www.econbiz.de/10014408881
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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
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Optimal Fiscal Policy and Government Provision of Contingent Liabilities : The Example of Government Loan and Deposit Guarantees
International Monetary Fund - 1989
The optimal provision of loan guarantees or deposit insurance is examined in the context of an overlapping generations model. It is demonstrated that even in the face of a market imperfection that precludes diversification of the private sector’s loan portfolio to eliminate risk, full...
Persistent link: https://www.econbiz.de/10014395814