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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
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The Fund's Income Position for FY 2013-Actual Outcome
International Monetary Fund - 2013
This paper reports the Fund's income position for FY 2013 following the closing of the Fund's accounts for the … financial year and completion of the external audit. FY 2013 net income, including income from surcharges, amounted to SDR 2 … of currencies has been made from the GRA to the investment account. The placement of the net income to the Fund …
Persistent link: https://www.econbiz.de/10014410435
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Benin; Joint Staff Advisory Note on the Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2011
Benin’s program furthers the objectives elaborated in the previous report. It is the result of a broad participative process that engaged all levels of government, the private sector, civil society, and donor partners. Executive Directors commend the program as it provides an adequate...
Persistent link: https://www.econbiz.de/10011244174
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Republic of Tajikistan; Poverty Reduction Strategy Paper: Joint Staff Advisory Note
International Monetary Fund (IMF); International … - 2009
This Joint Staff Advisory Note on the Republic of Tajikistan’s Poverty Reduction Strategy Paper discusses economic development and policies. The authorities are working on enhancing Tajikistan’s investment climate through a range of measures, including through eliminating...
Persistent link: https://www.econbiz.de/10011244226
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Côte d’Ivoire; Joint Staff Advisory Note on the Progress Report of the Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2012
This Joint Staff Advisory Note focuses on the progress report (PR) of the Poverty Reduction Strategy Paper (PRSP) for Côte d’Ivoire. The PR notes the difficulty of implementing the PRSP in a period of continued political crisis and civil conflict. It emphasizes that economic performance was...
Persistent link: https://www.econbiz.de/10011244265
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Guyana; Poverty Reduction Strategy Paper Second Annual Progress Report: Joint Staff Advisory Note
International Monetary Fund (IMF); International … - 2006
Guyana continues to make progress in laying the foundation for poverty reduction, but at a slow pace. Critical issues remain to be addressed. Establishing an environment for sustained growth remains the main challenge for the government. It will be important to maintain the reform momentum and...
Persistent link: https://www.econbiz.de/10011244593
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Afghanistan; Joint Staff Advisory Note
International Monetary Fund (IMF); International … - 2010
This Joint Staff Advisory Note discusses Afghanistan’s Poverty Reduction Strategy Paper's annual progress report. Afghanistan has experienced a number of extraordinary challenges that delayed its implementation. The security situation deteriorated markedly and has been dominated by the...
Persistent link: https://www.econbiz.de/10011244634
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Ghana; Poverty Reduction Strategy Paper: Annual Progress Report: Joint Staff Advisory Note
International Monetary Fund (IMF); International … - 2009
This Joint Staff Advisory Note provides IMF staff advice on key priorities for strengthening the Growth and Poverty Reduction Strategy (GPRS II) for Ghana and for ensuring its effective implementation. It highlights critical areas that could justify renewed focus. IMF staff commends the Ghanaian...
Persistent link: https://www.econbiz.de/10011244657
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Islamic Republic of Afghanistan; Poverty Reduction Strategy Paper: Joint Staff Advisory Note
International Monetary Fund (IMF); International … - 2008
According to the national household survey conducted during the summer and autumn of 2005, poverty in Afghanistan (headcount rate) is about 33 percent. Economic performance since the fall of the Taliban regime has been strong, and macroeconomic stability has been maintained. During...
Persistent link: https://www.econbiz.de/10011244917
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Kingdom of Lesotho; Joint Staff Advisory Note on the National Strategic Development Plan
International Monetary Fund (IMF); International … - 2012
Lesotho’s National Strategic Development Plan (NSDP) serves as an implementation strategy for the national vision. It recognizes the significant challenges Lesotho faces in reducing poverty and making growth more broad-based. Overall, it presents a coherent analysis and offers an...
Persistent link: https://www.econbiz.de/10011245226