Narrow search
Showing 1 - 10 of 277
Cover Image
Productivity Growth and Structural Reform in Bulgaria; Restarting the Convergence Engine
Pouvelle, Cyril; Mitra, Pritha - International Monetary Fund (IMF) - 2012
productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural …Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality …
Persistent link: https://www.econbiz.de/10011242306
Cover Image
Real Estate Market Developments and Financal Sector Soundness
Hilbers, Paul Louis Ceriel; Zacho, Lisbeth; Lei, Qin - International Monetary Fund (IMF) - 2001
This paper analyses the characteristics and functioning of real estate markets. It focuses on the relationship between developments in these markets and the financial sector to determine under what circumstances real estate booms and busts can develop and how they can affect the health and...
Persistent link: https://www.econbiz.de/10005248144
Cover Image
Belgium; Selected Issues
International Monetary Fund (IMF); International … - 2006
This Selected Issues paper for Belgium evaluates whether price increases in Belgium are excessive. It assesses the household and bank balance sheets and their vulnerability to a slowdown in housing prices, and identifies differences in real estate markets between Belgium and other countries. The...
Persistent link: https://www.econbiz.de/10005825451
Cover Image
Credit Market in Morocco; A Disequilibrium Approach
Oulidi, Nada; Allain, Laurence - International Monetary Fund (IMF) - 2009
In this paper we use a disequilibrium framework common in the “credit crunch†literature, first to examine whether the slow credit growth in Morocco during the rapid expansion of liquidity in the first half of the decade can be attributed to credit rationing, and second to investigate...
Persistent link: https://www.econbiz.de/10005826496
Cover Image
Stresstesting Household Debt in Korea
Karasulu, Meral - International Monetary Fund (IMF) - 2008
Korean household debt has reached 148 percent of disposable income, high by emerging market standards. Most of this …
Persistent link: https://www.econbiz.de/10005769235
Cover Image
Exposure to Real Estate Losses; Evidence from the US Banks
Pinheiro, Marcelo; Igan, Deniz - International Monetary Fund (IMF) - 2009
demonstrate interest rates and income to be the major determinants of delinquency. Then, we adopt a stress testing approach to …-sectional differences and indentify the banks with rapid loan growth along with high cost-income ratio as the most vulnerable. …
Persistent link: https://www.econbiz.de/10008541450
Cover Image
Financial Soundness Indicators; Analytical Aspects and Country Practices
International Monetary Fund (IMF); International … - 2002
The financial turmoil of the late 1990s prompted a broad search for tools and techniques for detecting and preventing financial crises, and more recent episodes of instability have high lighted the importance of continuous monitoring of financial systems as a tool for preventing crises. This...
Persistent link: https://www.econbiz.de/10005590915
Cover Image
Interest Rate Elasticity of Residential Housing Prices
Iossifov, Plamen; Cihák, Martin; Shanghavi, Amar - International Monetary Fund (IMF) - 2008
We examine the interest rate elasticity of housing prices, advancingthe empirical literature in two directions. First, we take a commonly used cross-country panel dataset and evaluate the housing price equation using a consistent estimator in the presence of endogenous explanatory variables and...
Persistent link: https://www.econbiz.de/10005604881
Cover Image
Global Housing Cycles
Igan, Deniz; Loungani, Prakash - International Monetary Fund (IMF) - 2012
driven by income and demographics but fluctuations in these fundamentals and credit conditions can create deviations from the …
Persistent link: https://www.econbiz.de/10010790415
Cover Image
Capital Flows to EU New Member States; Does Sector Destination Matter?
Mitra, Pritha - International Monetary Fund (IMF) - 2011
The recent boom-bust episode in Emerging Europe was largely the product of surges and sudden stops in capital inflows. This paper empirically argues that the sectors into which capital flows determines their impact on GDP growth. Applying data from EU New Member States, it is found that capital...
Persistent link: https://www.econbiz.de/10009019584