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Exchange Rate Risk Measurement and Management; Issues and Approaches for Firms
Papaioannou, Michael G. - International Monetary Fund (IMF) - 2006
Measuring and managing exchange rate risk exposure is important for reducing a firm's vulnerabilities from major exchange rate movements, which could adversely affect profit margins and the value of assets. This paper reviews the traditional types of exchange rate risk faced by firms, namely...
Persistent link: https://www.econbiz.de/10005825991
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Chile; Institutions and Policies Underpinning Stability and Growth
Kalter, Eliot; Phillips, Steven; Singh, Manmohan; … - International Monetary Fund (IMF) - 2004
This paper presents the primary institutions and economic policies that have led to Chile’s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully...
Persistent link: https://www.econbiz.de/10005767351
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Moving to Greater Exchange Rate Flexibility; Operational Aspects Based on Lessons from Detailed Country Experiences
Ötker, Inci - International Monetary Fund (IMF) - 2007
Many countries have moved towards more flexible exchange rate regimes over the last decade to take advantage of greater monetary policy autonomy and flexibility in responding to external shocks. Some reluctance to let go of pegged exchange rates persists, however, despite the benefits of...
Persistent link: https://www.econbiz.de/10005767365
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Stress Testing of Financial Systems; An Overview of Issues, Methodologies, and FSAP Experiences
Peria, Maria Soledad Martinez; Majnoni, Giovanni; … - International Monetary Fund (IMF) - 2001
The paper has three objectives. After a general introduction to some of the concepts and basic techniques of stress testing, the paper gives an overview of some of the conceptual issues involved in evaluating risks at the aggregated level of financial systems. Second, this study provides a basic...
Persistent link: https://www.econbiz.de/10005248173
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The Use of Mortgage Covered Bonds
Avesani, Renzo G.; Ribakova, Elina; Pascual, Antonio Garcia - International Monetary Fund (IMF) - 2007
The rapid mortgage credit growth experienced in recent years in mature and emerging countries has raised some stability … concerns. Many European credit institutions in mature markets have reacted by increasing securitization, particularly via … movements in covered bond prices can be used to analyze the credit developments of the underlying issuer and the quality of its …
Persistent link: https://www.econbiz.de/10005826294
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Stress Testing Financial Systems; What to Do When the Governor Calls
Hilbers, Paul Louis Ceriel; Jones, Matthew T.; Slack, … - International Monetary Fund (IMF) - 2004
Stress testing is becoming a widely used tool to assess potential vulnerabilities in a financial system. This paper is intended to answer some of the basic questions that may arise as part of the process of stress testing. The paper begins with a discussion of stress testing in a financial...
Persistent link: https://www.econbiz.de/10005826600
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United Kingdom; Observance by LCH CLEARNET LIMITED of the CPSS-IOSCO Recommendations for Central Counterparties Detailed Assessment of Observance
International Monetary Fund (IMF); International … - 2011
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011242698
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Tunisia; 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tunisia
International Monetary Fund (IMF); International … - 2008
This 2008 Article IV Consultation highlights that Tunisia’s sound economic policies and pragmatic approach to structural reforms continue to bear fruit, as evidenced by strong growth and improved social indicators. Real GDP growth averaged 5 percent a year while the macroeconomic and...
Persistent link: https://www.econbiz.de/10011244286
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The Role of Supervisory tools in Addressing Bank Borrowers' Currency Mismatches
Morales, Armando Méndez; Cacha, Maria del Mar - International Monetary Fund (IMF) - 2003
significant dollarization, exposing the financial sector to disguised credit risk. In the absence of standard tools or guidelines …
Persistent link: https://www.econbiz.de/10005248175
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Republic of Poland; Technical Assistance Report—Macroprudential Framework
International Monetary Fund (IMF); International … - 2012
This paper on the Republic of Poland was prepared by a staff team of the International Monetary Fund as background … views of the government of the Republic of Poland or the Executive Board of the IMF. …
Persistent link: https://www.econbiz.de/10011245405