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Disentangling India’s Investment Slowdown
Anand, Rahul; Tulin, Volodymyr - International Monetary Fund (IMF) - 2014
This paper documents the recent slowdown in investment in India and explores its underlying causes. The sharp … investment deceleration has sparked an intense debate about the role of interest rates, as well as business confidence and … economic policy uncertainty. Our results suggest that while explaining aggregate investment activity better than nominal …
Persistent link: https://www.econbiz.de/10011142175
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ASEAN Financial Integration
Almekinders, Geert; Mourmouras, Alex; Zhou, Jian-Ping; … - International Monetary Fund (IMF) - 2015
The establishment of the ASEAN Economic Community (AEC) at end-2015 has brought into sharp focus the issue of financial and economic integration in the region. This paper takes stock of ASEAN’s financial integration and prospects. ASEAN integration could accelerate in the years ahead; it...
Persistent link: https://www.econbiz.de/10011242386
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Czech Republic; Technical Note on Macroprudential Policy Framework
International Monetary Fund (IMF); International … - 2012
This technical note examines the macroprudential policy framework in the Czech Republic. The Czech National Bank (CNB) has been actively developing its macroprudential policy framework for some time, including most recently the establishment of a separate Financial Stability Department. The...
Persistent link: https://www.econbiz.de/10011244175
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Currency Crisis and Contagion; Evidence From Exchange Rates and Sectoral Stock Indices of the Philippines and Thailand
Nagayasu, Jun - International Monetary Fund (IMF) - 2000
This paper analyzes empirically the recent Asian financial crisis using high frequency data of exchange rates and stock indices of the Philippines and Thailand. Utilizing standard time-series techniques, this study confirms that there is evidence that developments in some sectoral...
Persistent link: https://www.econbiz.de/10005263754
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Financial Crises, Poverty, and Income Distribution
International Monetary Fund (IMF); International … - 2002
Developing and transition economies are prone to financial crises, including balance of payments and banking crises. These crises affect poverty and the distribution of income through a variety of channels: slowdowns in economic activity, relative price changes, and fiscal retrenchment, among...
Persistent link: https://www.econbiz.de/10005264050
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Macroprudential Policy; What Instruments and How to Use them? Lessons From Country Experiences
International Monetary Fund (IMF); International … - 2011
This paper provides the most comprehensive empirical study of the effectiveness of macroprudential instruments to date. Using data from 49 countries, the paper evaluates the effectiveness of macroprudential instruments in reducing systemic risk over time and across institutions and markets. The...
Persistent link: https://www.econbiz.de/10009369434
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The Impact of the Great Recessionon Emerging Markets
Salman, Ferhan; Chivakul, Mali; Llaudes, Ricardo - International Monetary Fund (IMF) - 2010
This paper examines the impact of the recent global crisis on emerging market economies (EMs). Our cross-country analysis shows that the impact of the crisis was more pronounced in those EMs that had initial weaker fundamentals and greater financial and trade linkages. This effect is observed...
Persistent link: https://www.econbiz.de/10008727798
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Government Involvement in Corporate Debt Restructuring; Case Studies From the Great Recession
Grigorian, David A.; Raei, Faezeh - International Monetary Fund (IMF) - 2010
The paper examines recent episodes of government involvement in corporate debt restructurings. It argues that corporate debt restructuring is an important step toward recovery from a financial crisis. We then discuss the rationale for, and modalities of, the state intervention in corporate debt...
Persistent link: https://www.econbiz.de/10008727803
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The Level and Composition of Public Sector Debt in Emerging Market Crises
Rother, Bjoern; Hakobyan, Ivetta; Bolle, Monica … - International Monetary Fund (IMF) - 2006
The paper examines the evolution of public sector debt levels and structures in 12 emerging market countries around the time of financial crises. In particular, it focuses on whether the debt situation of sovereign borrowers became more vulnerable in the aftermath of crises. The principal...
Persistent link: https://www.econbiz.de/10005825985
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Financial Reform; What Shakes it? What Shapes it?
Mody, Ashoka; Abiad, Abdul - International Monetary Fund (IMF) - 2003
Despite stops, gaps, and reversals, financial reforms advanced worldwide in the last quarter century. Using a new index of financial liberalization, we conclude that influential events shook the status quo, inducing both reforms and reversals, while learning, more so than ideology and country...
Persistent link: https://www.econbiz.de/10005826625