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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
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
The easing of controls on interest rates has led to higher interest rate volatility in India. Hence, there is a need to … assess the interest rate risk carried by a sample of Indian banks in March 2002. We find evidence of substantial exposure to …
Persistent link: https://www.econbiz.de/10014404135
The 2008 crisis underscored the interconnectedness of the international business cycle, with U.S. shocks leading to the largest global slowdown since the 1930s. We estimate spillover effects across major advanced country regions in a structural VAR (SVAR) using pre-crisis data. Our new method...
Persistent link: https://www.econbiz.de/10014402644
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/10014395945
Persistent link: https://www.econbiz.de/10009515563
for 14 industrial countries indicate that the move to market funding increased the volatility of bond yields and improved …
Persistent link: https://www.econbiz.de/10014401655
This guidance note was prepared by International Monetary Fund (IMF) and World Bank Group staff under a project undertaken with the support of grants from the Financial Sector Reform and Strengthening Initiative, (FIRST).The aim of the project was to deliver a report that provides emerging...
Persistent link: https://www.econbiz.de/10014410890
In November 2011, the G-20 endorsed an action plan to support the development of local currency bond markets (LCBM). International institutions-the IMF, the World Bank, the EBRD, and the OECD-were asked to draw on their experience to develop a diagnostic framework (DF) to identify general...
Persistent link: https://www.econbiz.de/10014410551
This handbook is a comprehensive and authoritative reference for both senior policymakers—those responsible for the development of government bond markets in their own countries—and all individuals responsible for guiding the market development process at the operational level—those who...
Persistent link: https://www.econbiz.de/10014402941