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The Liquidity and Liquidity Distribution Effects in Emerging Markets; The Case of Jordan
Vandenbussche, Jérôme; Watt, Stanley; Blazsek, Szabolcs - International Monetary Fund (IMF) - 2009
This paper analyzes the determinants of daily changes in Jordan's interbank market overnight rate. It not only quantifies the classic liquidity effect, but also uncovers a liquidity distribution effect on both sides of the market, and shows that their magnitude is a decreasing and convex...
Persistent link: https://www.econbiz.de/10008540932
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Determinants of Dollarization; The Banking Side
Terrones, Marco; Catão, Luis - International Monetary Fund (IMF) - 2000
Dollarization in financial intermediation has exhibited a widely diverse pattern across countries. Empirical work relating it to macroeconomic variables has had only limited success in explaining the phenomenon. This paper presents a two-currency banking model to show that deposit and loan...
Persistent link: https://www.econbiz.de/10005604809
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Potential Growth in Emerging Asia
Anand, Rahul; Cheng, Kevin C.; Rehman, Sidra; Zhang, Longmei - International Monetary Fund (IMF) - 2014
estimates potential growth for China, India, and five ASEAN countries (Indonesia, Malaysia, the Philippines, Thailand, and … Vietnam) during 1993–2013. The main findings include: (i) both China and India have recently exhibited a slowdown in …;(iii) over the longer term, demographic factors will be much more supportive in India and some ASEAN economies than in China …
Persistent link: https://www.econbiz.de/10011142066