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Macrofinance Model of the Czech Economy; Asset Allocation Perspective
International Monetary Fund (IMF); International … - 2012
The paper developes a VAR macrofinance model of the Czech economy. It shows that yield misalignments from the yields implied by the macrofinance model partially determine subsequent yield changes over three to nine months. These yield misalignments tend to persist for a number of months. This...
Persistent link: https://www.econbiz.de/10011242415
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Kuwait; 2003 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Kuwait
International Monetary Fund (IMF); International … - 2004
The staff report for the 2003 Article IV Consultation on Kuwait highlights the economic developments and policies. The macroeconomic position over the medium term under current oil price expectations and the maintenance of a cautious policy stance is projected to weaken, but is not expected to...
Persistent link: https://www.econbiz.de/10005824939
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Republic of Estonia; 2004 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Repub...
International Monetary Fund (IMF); International … - 2004
This 2004 Article IV Consultation highlights that economic activity has been gathering speed in Estonia. Year-over-year growth accelerated to 6.8 percent in 2004 Q1 from 5.8 percent in 2003 Q1, driven by domestic demand and supported by technology sector exports. Inflation accelerated in the...
Persistent link: https://www.econbiz.de/10005824961
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Russian Federation; Selected Issues
International Monetary Fund (IMF); International … - 2004
This Selected Issues paper for the Russian Federation reviews trends in private capital flows to Russia by decomposing … the flows into its subcomponents. Russia became a net lender to the international banking system, as a complement to the … prolonged period of large current account surpluses. The nonbank corporate sector in Russia began to have better access to both …
Persistent link: https://www.econbiz.de/10005825143
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Solomon Islands; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2005
This Selected Issues paper for the Solomon Islands reviews budget trends in the past decade and assesses medium-term budget prospects. Aid flows and revenue from import tariffs and logging are projected to decline. Spending pressures are likely to pick up considerably, owing to the need to...
Persistent link: https://www.econbiz.de/10005825357
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Public Debt Markets in Central America, Panama, and the Dominican Republic
Jobst, Andreas; Valderrama, Laura; Guerra, Ivan; Shah, … - International Monetary Fund (IMF) - 2007
This paper-consisting of a regional study and seven country studies-reviews the state of domestic public debt markets in Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and Panama as at end-2005. Although they account for the lion's share of capital markets, regional...
Persistent link: https://www.econbiz.de/10005825635
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Toward a Framework for Safeguarding Financial Stability
International Monetary Fund (IMF); International … - 2004
This paper examines the emergence of financial stability as a key policy objective. It discusses the underlying trends in the financial system, as well as the role of finance in relation to money, the real economy, and public policy. Financial stability is defined in terms of its ability to help...
Persistent link: https://www.econbiz.de/10005825656
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Welfare Gains From Financial Liberalization
Ueda, Kenichi; Townsend, Robert M. - International Monetary Fund (IMF) - 2007
Financial liberalization has been a controversial issue as there is little empirical evidence for its positive effects on economic growth. However, we find sizable welfare gains, 1 to 28 percent of permanent consumption though, consistent with the literature, the gain in the economic growth is...
Persistent link: https://www.econbiz.de/10005825717
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Market Discipline
Lane, Timothy D. - International Monetary Fund (IMF) - 1992
Under what circumstances can market forces prevent unsustainable borrowing? Effective market discipline requires that capital markets be open, that; information on the borrower’s existing liabilities be readily available, that no bailout be anticipated, and that the borrower respond to market...
Persistent link: https://www.econbiz.de/10005825733
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From Subprime Loans to Subprime Growth? Evidence for the Euro Area
Cihák, Martin; Brooks, Petya Koeva - International Monetary Fund (IMF) - 2009
The global financial crisis has highlighted the potential of financial conditions for influencing real economic activity. We examine the linkages between the financial and real sectors in the euro area, finding that (i) bank loan supply responds negatively to declines in bank soundness; (ii) a...
Persistent link: https://www.econbiz.de/10005825755