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International Monetary Fund - 1989

This paper highlights key issues pertinent for the understanding of international effects of domestic tax policies and of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the analysis of international economic interdependence focusing on...

Persistent link: https://www.econbiz.de/10014396181

Short-Term Wholesale Funding and Systemic Risk : A Global Covar Approach

International Monetary Fund - 2012

In this paper we identify some of the main factors behind systemic risk in a set of international large-scale complex banks using the novel CoVaR approach. We find that short-term wholesale funding is a key determinant in triggering systemic risk episodes. In contrast, we find no evidence that a...

Persistent link: https://www.econbiz.de/10014396950

Consumer Price Index Manual : Theory, 2025

International Monetary Fund - 2025

The Theory publication and the companion on the practice of compiling consumer price indices (CPIs) is jointly … Cooperation and Development (OECD), the United Nations Economic Commission for Europe (UNECE), and the World Bank. The IMF managed … the update of the Theory publication and the CPI Manual. Drafting of this publication was led by Erwin Diewert with …

Persistent link: https://www.econbiz.de/10015452128

Monetary Policy Strategies

International Monetary Fund - 1988

The paper considers the merits of rules and discretion for monetary policy when the structure of the macroeconomic model and the probability distributions of disturbances are not well defined. It is argued that when it is costly to delay policy reactions to seldom-experienced shocks until formal...

Persistent link: https://www.econbiz.de/10014395820

Commodity Markets and the International Transmission of Fiscal Shocks

International Monetary Fund - 1988

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/10014395951

Transactions Costs and Vehicle Currencies

International Monetary Fund - 1989

Persistent link: https://www.econbiz.de/10014396025

Trade Policy and Macroeconomic Balance in the World Economy

International Monetary Fund - 1988

The paper explores the relationship between trade policy and current accounts. The effect on the current account of a change in protection at home and then abroad is analyzed, assuming that the exchange rate floats. The “savings-and-investment approach” is used. It shows that there is no...

Persistent link: https://www.econbiz.de/10014396105

Reserve Requirements and Monetary Management : An Introduction

International Monetary Fund - 1993

Reserve requirements are widely used by central banks as a means to improve monetary control, an instrument for policy implementation, a source of revenue, and a safeguard of bank liquidity. The effectiveness of reserve requirements in fulfilling these functions is reviewed, and the detailed...

Persistent link: https://www.econbiz.de/10014396330

Exchange Rate Movements and International Interdependence of Stock Markets

International Monetary Fund - 1989

predictions of the theory …

Persistent link: https://www.econbiz.de/10014396348

International Coordination of Economic Policies : Scope, Methods, and Effects

International Monetary Fund - 1988

This paper discusses the scope, methods, and effects of international coordination of economic policies. In analyzing the scope for and of coordination, the paper addresses the rationale for coordination, barriers to coordination, the range and specificivity of policies to be coordinated, and...

Persistent link: https://www.econbiz.de/10014396358