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Japan; 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion.

International Monetary Fund (IMF); International … - 2007

This 2007 Article IV Consultation highlights that Japanâ€™s external position remains strong. Boosted by investment income, the current account surplus widened in 2006 to nearly 4 percent of Japanâ€™s GDP, despite a shrinking trade balance. Financial outflows also picked up, reflecting...

Persistent link: https://www.econbiz.de/10011244973

Retarding Short-Term Capital Inflows Through withholding Tax

Zee, Howell H. - International Monetary Fund (IMF) - 2000

This paper proposes a price-based measure to mitigate the destabilizing impact of the volatility of global capital movements on the domestic economy of a country pursuing sound economic policies. The measure is a withholding tax on all private capital inflows, with a credit and refund provision...

Persistent link: https://www.econbiz.de/10005263778

An Anatomy of Corporate Bond Markets; Growing Pains and Knowledge Gains

Luengnaruemitchai, Pipat; Ong, Li L. - International Monetary Fund (IMF) - 2005

The objective of this paper is to discuss the key issues relating to the development of local corporate bond markets. We examine the requirements for local corporate bond market development, and compare and contrast experiences across both mature and emerging markets. We suggest that core...

Persistent link: https://www.econbiz.de/10005264116

International Capital Crunches; The Time-Varying Role of Informational Asymmetries

Mody, Ashoka; Taylor, Mark P. - International Monetary Fund (IMF) - 2002

We examine the determinants of capital flows to four developing countries during the 1990s using an explicitly disequilibrium econometric framework in which the supply and demand for capital are not necessarily equal and the actual amount of the flow is determined by the ‘short side’ of the...

Persistent link: https://www.econbiz.de/10005825608

Real and Financial Sector Linkages in China and India

Aziz, Jahangir - International Monetary Fund (IMF) - 2008

explaining China's and India's growth. Specific financial sector policies are shown to map well the size and changes in the … investment. In the case of India, post-1992 financial sector reforms, particularly the reduction in the funds preempted by the … rebalancing growth in China and sustaining high investment rate in India, further financial sector reforms could turn out to be …

Persistent link: https://www.econbiz.de/10005826386

Managing Risks in Financial Market Development; The Role of Sequencing

International Monetary Fund (IMF); International … - 2003

This paper proposes an integrated and risk-based approach to the sequencing and coordination of reforms to develop domestic financial markets. The paper argues that there is a hierarchy of financial markets that reflects the complexity of risks in each market and the interlinkages among markets....

Persistent link: https://www.econbiz.de/10005768863

Capital Flows and Demographics; An Asian Perspective

Lueth, Erik - International Monetary Fund (IMF) - 2008

This paper calibrates the production functions of 176 countries to fit 2003 data and examines the capital flows that emerge, when labor forces change according to the 2007 UN population projections. It finds that demographic factors are no help in correcting today's global imbalances; that...

Persistent link: https://www.econbiz.de/10005768978

External Capital Structure; Theory and Evidence

Lane, Philip R.; Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 2000

Recent years have witnessed a change in the composition of capital flows to developing countries, and FDI and equity flows have been playing an increasing role. In this paper we discuss the challenges for international macroeconomics that these developments pose and characterize stylized facts...

Persistent link: https://www.econbiz.de/10005599542

Financial Development in Emerging Europe; The Unfinished Agenda

Zoli, Edda - International Monetary Fund (IMF) - 2007

This paper assesses the status of financial development in Emerging Europe, analyzes the factors that have shaped it, and discusses policy priorities. Financial development has progressed to varying degrees across the region. Macroeconomic stability and institutional quality have been important...

Persistent link: https://www.econbiz.de/10005605312

What Drives House Prices in Australia? A+L4584 Cross-Country Approach

Wang, Shengzu; Tumbarello, Patrizia - International Monetary Fund (IMF) - 2010

This paper analyzes the factors driving house prices in Australia from a cross-country perspective using several approaches. It uses a cointegration technique to estimate the long-run equilibrium house prices in Australia, New Zealand, and Canada and assesses the extent of a possible...

Persistent link: https://www.econbiz.de/10008777028

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