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Middle East Transitions: A Long, Hard Road
Yusuf, Shahid - International Monetary Fund (IMF) - 2014
Countries in Transition, ACTs) has slowed already sluggish growth; worsened unemployment, particularly of youth; undermined …
Persistent link: https://www.econbiz.de/10011142081
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Recent U.S. Labor Force Dynamics: Reversible or not?
Balakrishnan, Ravi; Dao, Mai; Sole, Juan; Zook, Jeremy - International Monetary Fund (IMF) - 2015
The U.S. labor force participation rate (LFPR) fell dramatically following the Great Recession and has yet to start recovering. A key question is how much of the post-2007 decline is reversible, something which is central to the policy debate. The key finding of this paper is that while around...
Persistent link: https://www.econbiz.de/10011242381
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Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels
Choi, Sangyup; Loungani, Prakash - International Monetary Fund (IMF) - 2015
We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and … measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic … vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with …
Persistent link: https://www.econbiz.de/10011242392
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Use of Central Bank Credit Auctions in Economies in Transition
Saal, Matthew I.; Zamalloa, Lorena M. - International Monetary Fund (IMF) - 1994
Persistent link: https://www.econbiz.de/10005264260
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The Strategy of Reform in the Previously Centrally-Planned Economies of Eastern Europe: Lessons and Challenges
Borensztein, Eduardo - International Monetary Fund (IMF) - 1993
Persistent link: https://www.econbiz.de/10005264270
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The Impact of the Global Crisison South-Eastern Europe
Spadafora, Francesco; Cocozza, Emidio; Colabella, Andrea - International Monetary Fund (IMF) - 2011
This paper analyzes the impact of the global crisis on six South-Eastern European countries. The main objective is to compare macro-financial conditions and policies in the run-up to the crisis as well as to compare the policy responses to it, so as to highlight, inter alia, possible...
Persistent link: https://www.econbiz.de/10009401192
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Bankers without Borders? Implications of Ring-Fencing for European Cross-Border Banks
Makarova, Yulia; Ilyina, Anna; Schmieder, Christian; … - International Monetary Fund (IMF) - 2010
This paper presents a stylized analysis of the effects of ring-fencing (i.e., different restrictions on cross-border transfers of excess profits and/or capital between a parent bank and its subsidiaries located in different jurisdictions) on cross-border banks. Using a sample of 25 large...
Persistent link: https://www.econbiz.de/10008727810
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The Credit Boom in the EU New Member States; Bad Luck or Bad Policies?
International Monetary Fund (IMF); International … - 2010
In the past decade, most of the EU New Member States experienced a severe credit-boom bust cycle. This paper argues that the credit boom-bust cycle was to a large extent the result of factors external to the region (“bad luckâ€). Rapid credit growth followed from a high liquidity in...
Persistent link: https://www.econbiz.de/10008560433
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Five Years After; European Union Membership and Macro-Financial Stability in the New Member States
Cihák, Martin; Fonteyne, Wim - International Monetary Fund (IMF) - 2009
The proximity of the European Union, the prospect of membership, and actual entry by the New Member States (NMS) increased economic and financial integration in the region, leading to fast economic growth based on sizeable capital inflows. EU membership helped in developing sound macroeconomic...
Persistent link: https://www.econbiz.de/10005825949
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Czech Koruna and Polish Zloty; Spot and Currency Option Volatility Patterns
Morales, Armando Méndez - International Monetary Fund (IMF) - 2001
Exchange rate flexibility has facilitated an impressively fast insertion of the Czech koruna and the Polish zloty into the global currency market. However, exchange rate volatility patterns differ: Lower volatility is observed for the koruna against the euro relative to the U.S. dollar, while...
Persistent link: https://www.econbiz.de/10005826189