Similar Search Results

Idiosyncratic and Systemic Risk in the European Corporate Sector; A CDO Perspective

Lu, Yinqiu; Chan-Lau, Jorge A. - International Monetary Fund (IMF) - 2006

Systemic risk remains a major concern to policymakers since widespread defaults in the corporate and financial sectors could pose substantial costs to society. Forward-looking measures and/or indicators of systemic default risk are thus needed to identify potential buildups of vulnerability in...

Persistent link: https://www.econbiz.de/10005263700

An Empirical Reassessment of the Relationship Between Finance and Growth

Favarra, Giovanni - International Monetary Fund (IMF) - 2003

This paper reexamines the empirical relationship between financial development and economic growth. It presents evidence based on cross-section and panel data using an updated dataset, a variety of econometric methods, and two standard measures of financial development: the level of liquid...

Persistent link: https://www.econbiz.de/10005826253

French-German Interest Rate Differentials and Time-Varying Realignment Risk

Caramazza, Francesco - International Monetary Fund (IMF) - 1993

This paper explores the determinants of expected rates of realignment of the French franc/Deutsche mark exchange rate during the period 1987-1991. It does so by first estimating expected parity changes and then relating these to economic variables that are believed to influence agents’...

Persistent link: https://www.econbiz.de/10005599269

Global Risks and Collective Action Failures: What Can the International Community Do?

Otker-Robe, Inci - International Monetary Fund (IMF) - 2014

Abstract What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are all examples of global risks that can cross geographical and generational boundaries and whose mismanagement can reverse gains in development and jeopardize the well-being of...

Persistent link: https://www.econbiz.de/10010959476

Developing Essential Financial Markets in Smaller Economies; Stylized Facts and Policy Options

International Monetary Fund (IMF); International … - 2008

This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....

Persistent link: https://www.econbiz.de/10011245902

The New International Financial Architecture and Africa

Nsouli, Saleh M.; Gall, Françoise Le - International Monetary Fund (IMF) - 2001

The new international financial architecture can help African countries benefit from globalization, while minimizing …

Persistent link: https://www.econbiz.de/10005248182

Does the World Need a Universal Financial Institution?

Boughton, James M. - International Monetary Fund (IMF) - 2005

All financial institutions specialize, in dimensions that may include categories of assets and liabilities, types of services offered, customer demographics, and geographic coverage. The International Monetary Fund is the only international financial institution that is universal in its...

Persistent link: https://www.econbiz.de/10005248315

Financial Integration and Risk-Adjusted Growth Opportunities

Ivaschenko, Iryna V.; Nicoló, Gianni De - International Monetary Fund (IMF) - 2008

integration and improved real prospects are mutually reinforcing. Third, financial integration predicts globalization but the …

Persistent link: https://www.econbiz.de/10005263723

Precautionary Demand for Foreign Assets in Sudden Stop Economies; An Assessment of the New Merchantilism

Mendoza, Enrique G.; Durdu, Ceyhun Bora; Terrones, Marco - International Monetary Fund (IMF) - 2007

Financial globalization was off to a rocky start in emerging economies hit by Sudden Stops in the 1990s. The surge in … assets via business cycle volatility, financial globalization, and endogenous Sudden Stops. Our results show that financial … globalization and Sudden Stop risk are plausible explanations of the surge in reserves but cyclical volatility, which has declined …

Persistent link: https://www.econbiz.de/10005263736

How Does Financial Globalization Affect Risk Sharing? Patterns and Channels

Terrones, Marco; Kose, M. Ayhan; Prasad, Eswar - International Monetary Fund (IMF) - 2007

In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … outcomes during the recent period of globalization. Developing countries have, by and large, been shut out of this benefit. The … why emerging markets have not been able to realize this presumed benefit of financial globalization. In particular, our …

Persistent link: https://www.econbiz.de/10005263747