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Economic Growth and Integration in Central America
Schipke, Alfred; Desruelle, Dominique - International Monetary Fund (IMF) - 2007
system development, sovereign debt vulnerabilities, and ways to sustain progress in reducing inflation by strengthening the …
Persistent link: https://www.econbiz.de/10005590924
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Perspectiveson High Real Interest Rates in Turkey
Kannan, Prakash - International Monetary Fund (IMF) - 2008
The Turkish economy is typically characterized as having particularly high real interest rates. Fundamental considerations, such as high growth rates or high returns to capital, do not provide a satisfactory resolution of this puzzle. Instead, we find that two other factors- doubts about the...
Persistent link: https://www.econbiz.de/10005248241
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Testing Real Interest Parity in Emerging Markets
Banerjee, Abhisek; Singh, Manmohan - International Monetary Fund (IMF) - 2006
The paper finds significant deviations between short-term emerging market real interest rates and world real interest rates primarily due to the inflationary expectations of the local investor base. We test for long-run real interest convergence in emerging markets using a time varying panel...
Persistent link: https://www.econbiz.de/10005263976
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Turkey at the Crossroads; From Crisis Resolution to EU Accession
McGettigan, Donal; Debrun, Xavier; Griffiths, Mark E. L.; … - International Monetary Fund (IMF) - 2005
levels. This paper reviews Turkey’s policy performance in terms of growth, inflation, debt, fiscal and financial sector …
Persistent link: https://www.econbiz.de/10005767368
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Hybrid Inflation Targeting Regimes
Garcia, Carlos; Restrepo, Jorge; Roger, Scott - International Monetary Fund (IMF) - 2009
, the effects on inflation and output volatility in the event of demand and cost-push shocks are minimal. Financially …
Persistent link: https://www.econbiz.de/10008540934
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Monetary Transmission and Financial Indexation - Evidence from the Chilean Economy
Mendoza, Enrique G.; Delgado-Fernández, Fernando-Luciano - International Monetary Fund (IMF) - 1994
Persistent link: https://www.econbiz.de/10005264259
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A Framework for Developing Secondary Markets for Government Securities
Ãrvai, Zsófia; Heenan, Geoffrey - International Monetary Fund (IMF) - 2008
This paper consolidates previous work on the development of secondary markets for government securities, and focuses on the sequencing of measures necessary for their development. Six main lessons are identified: (i) a commitment to achieving and maintaining a stable macroeconomic environment,...
Persistent link: https://www.econbiz.de/10005826193
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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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Theories of Policy Accommodation; The Persistence of Inflation and Gradual Stabilizations
Gregorio, Jose De - International Monetary Fund (IMF) - 1992
Persistent inflation and slow stabilization are usually the result of policy accommodation resorted to in an attempt to … avoid the recessionary costs of a sharp reduction of inflation. This paper reviews three explanations for why policymakers …, despite their dislike of inflation, may nevertheless choose to adopt accommodative policies. It emphasizes the role of …
Persistent link: https://www.econbiz.de/10005604812
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Slovak Republic; 2005 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2006
The Slovak Republic’s 2005 Article IV Consultation reports that sound macroeconomic management and a wide range of fundamental structural reforms are supporting nominal convergence with European Union norms. Real GDP growth accelerated to 6 percent in 2005, driven by an improvement in the...
Persistent link: https://www.econbiz.de/10011244180