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From Crisis to Recovery in Korea; Strategy, Achievements, and Lessons
Kang, Kenneth; Liang, Hong; Ma, Henry; Richards, Anthony J. - International Monetary Fund (IMF) - 2001
This paper reviews and draws lessons from the stabilization and reform program that Korea implemented in response to the 1997-98 crisis. The economy recovered quickly from the deep recession in 1998 and its vulnerability to a balance of payments crisis has been reduced sharply. Significant...
Persistent link: https://www.econbiz.de/10005825786
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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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Is Systematic Default Risk Priced in Equity Returns? A Cross-Sectional Analysis Using Credit Derivatives Prices
Chan-Lau, Jorge A. - International Monetary Fund (IMF) - 2006
This paper finds that systematic default risk, or the event of widespread defaults in the corporate sector, is an … important determinant of equity returns. Moreover, the market price of systematic default risk is one order of magnitude higher … than the market price of other risk factors. In contrast to studies by Fama and French (1993, 1996 ) and Vassalou and Xing …
Persistent link: https://www.econbiz.de/10005605000
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Republic of Korea; 2002 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director...
International Monetary Fund (IMF); International … - 2003
This 2002 Article IV Consultation highlights that the economic growth of Korea rose to about 6 percent in 2002 from 3 percent in 2001. Buoyant consumption and residential construction spending underpinned the recovery beginning in late 2001. In 2002, exports rebounded strongly in spite of a...
Persistent link: https://www.econbiz.de/10005598815
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Japan; Financial Sector Assessment Program—Technical Note on Credit Intermediation
International Monetary Fund (IMF); International … - 2012
-affiliated institutions, promotion of electronic registrations, risk-based financing, and reinforcing bank administrations. The Board takes up …
Persistent link: https://www.econbiz.de/10011244991
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Mexico; Financial Sector Assessment Program Update: Technical Note: Financing of the Private Sector
International Monetary Fund (IMF); International … - 2007
This technical note on financing of the private sector for Mexico describes the evolution, composition, and determinants of financing to the nonfinancial private sector in Mexico between 2000 and 2005. Equity issuance has not played an important role in financing the private sector in Mexico...
Persistent link: https://www.econbiz.de/10011244184
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People's Republic of China; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
This staff report on People’s Republic of China 2013 Article IV Consultation highlights macroeconomic developments and outlook. China has maintained robust growth since the global crisis, but the heavy reliance on credit and investment to sustain activity is raising vulnerabilities. The...
Persistent link: https://www.econbiz.de/10011244201
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India; 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for India
International Monetary Fund (IMF); International … - 2009
India’s financial system compares favorably internationally, but rising credit risk and liquidity pressures are …
Persistent link: https://www.econbiz.de/10011244299
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Euro Area Policies; Selected Issues
International Monetary Fund (IMF); International … - 2009
This Selected Issues paper discusses the effectiveness of monetary policy in the euro area in the context of the financial crisis, the need for special resolution regimes for financial institutions in the European Union (EU), and the proposed new EU financial stability arrangements. The paper...
Persistent link: https://www.econbiz.de/10011244389
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United States; Staff Report for the 2012 Article IV Consultation
International Monetary Fund (IMF); International … - 2012
The slow-paced growth rate of the U.S. economy, notwithstanding the bolstering attempts is disheartening. Implementing financial reforms and highly accommodative monetary policy are hoped to have a desired effect. Deficit reduction, debt ratio stabilizing strategies, removal of fiscal cliff...
Persistent link: https://www.econbiz.de/10011244411