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Fat Tails and their (Un)Happy Endings : Correlation Bias and its Implications for Systemic Risk and Prudential Regulation

International Monetary Fund - 2011

The correlation bias refers to the fact that claim subordination in the capital structure of the firm influences claim … shown that the correlation bias shifts shareholder preferences towards highly correlated assets, making financial …

Persistent link: https://www.econbiz.de/10014401318

International financial statistics. Supplement on Fund accounts

1982

Persistent link: https://www.econbiz.de/10000580072

Framework Administered Account for Selected Fund Activities : International Forum Sovereign Wealth Funds Subaccount

International Monetary Fund - 2012

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the 'SFA Instrument'). The financing of activities under the terms of the SFA Instrument is implemented through the establishment and operation of a...

Persistent link: https://www.econbiz.de/10014409986

British Virgin Islands : Financial Sector Assessment Program Update Documentation: Technical Note on Mutual Fund Regulation

International Monetary Fund - 2010

In a previous assessment, it was concluded that the British Virgin Islands (BVI) regulatory system governing securities markets functioned well overall, but required improvement in certain areas. Those areas are implemented with regulatory code, Securities and Investment Business Act (SIBA),...

Persistent link: https://www.econbiz.de/10014403693

Funding the IMF

International Monetary Fund - 2005

This paper discusses reasons functions of the IMF, why it needs more resources, and how these resources will be used. The IMF provides a forum for cooperation, having as its objective the balanced expansion of international trade in order to stimulate employment and improve economic conditions...

Persistent link: https://www.econbiz.de/10014397526

Tonga : Selected Issues and Statistical Appendix

International Monetary Fund - 2007

This Selected Issues paper assesses the fiscal risk impact of various events in Tonga and describes the challenges implied for fiscal management. The paper discusses that the Tongan government has made various efforts to limit the budgetary implications of the recent economic and political...

Persistent link: https://www.econbiz.de/10014403213

Fund's Concepts of Convertibility

International Monetary Fund - 1971

This paper examines the IMF's concepts of convertibility and gives some impression of their purposes. The central concept of convertibility in the Articles is the convertibility of Article VIII, Sections 2, 3, and 4. Under it, the basic rule is that members must avoid restrictions on the making...

Persistent link: https://www.econbiz.de/10014394420

Gender Budgeting in G7 Countries

International Monetary Fund - 2017

At the request of the Italian Presidency of the G7, the IMF has prepared a paper on gender-budgeting as a contribution … to the G7 initiative on equality. The paper provides an overview of gender-responsive budgeting concepts and practices in … the G7 countries. It summarizes recent trends in gender equality in G7 and advanced countries, noting that while equality …

Persistent link: https://www.econbiz.de/10014408683

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

International Monetary Fund - 2017

On March 22, 2017, the Executive Board adopted the Guidelines for Investing PRG, PRG-HIPC, and CCR Trust Assets (the '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...

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

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