Narrow search
Showing 1 - 10 of 114
Cover Image
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 … 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
Cover Image
On the Estimation of Term Structure Models and An Application to the United States
International Monetary Fund (IMF); International … - 2010
This paper discusses the estimation of models of the term structure of interest rates. After reviewing the term structure models, specifically the Nelson-Siegel Model and Affine Term- Structure Model, this paper estimates the terms structure of Treasury bond yields for the United States with...
Persistent link: https://www.econbiz.de/10008727797
Cover Image
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
Cover Image
Guarding Against Fiscal Risks in Hong Kong SAR
International Monetary Fund - 2007
volatility creates risks to service provision, possibly entailing sudden tax changes, or even requiring new borrowing. After … fiscal savings (reserves), and the impact alternate policy choices could have on revenue volatility …
Persistent link: https://www.econbiz.de/10014400988
Cover Image
Interest Rate Volatility and Risk in Indian Banking
International Monetary Fund - 2004
The easing of controls on interest rates has led to higher interest rate volatility in India. Hence, there is a need to …
Persistent link: https://www.econbiz.de/10014404135
Cover Image
Exchange Arrangements and Foreign Exchange Markets : Developments and Issues
International Monetary Fund - 2003
This paper reviews developments and issues in the exchange arrangements and currency convertibility of IMF members. Against the backdrop of continuing financial globalization and a series of emerging market crises since 1997, there have been important changes in the evolution of exchange rate...
Persistent link: https://www.econbiz.de/10014404579
Cover Image
Exchange Rate Volatility and World Trade
International Monetary Fund - 1984
In View of the continuation of substantial movements in exchange rate relationships among major currencies, the recent increase in protectionist pressures, and the disappointing performance of world trade, renewed concern has been expressed about the possible adverse effects of exchange rate...
Persistent link: https://www.econbiz.de/10014406218
Cover Image
The Impact of Introducing a Minimum Wageon Business Cycle Volatility : A Structural Analysis for Hong Kong SAR
International Monetary Fund - 2008
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
Cover Image
Trade Costs and Real Exchange Rate Volatility : The Role of Ricardian Comparative Advantage
International Monetary Fund - 2005
This paper examines the impact of trade costs on real exchange rate volatility. We incorporate a multi … exchange rate volatility depends on relative technological differences and trade costs. These differences highlight a new … volatility. We then test the importance of this channel using a large panel of cross-country data over 1970-97, and find strong …
Persistent link: https://www.econbiz.de/10014399797
Cover Image
Indonesia : sustaining growth during global volatility
Rumbaugh, Thomas (contributor) - 2012
indicators, the contributors have delved into the ways that global volatility, especially since 2008, has affected Indonesia and …
Persistent link: https://www.econbiz.de/10014397052