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Financial Crises in DSGE Models: A Prototype Model
Benes, Jaromir; Kumhof, Michael; Laxton, Douglas - International Monetary Fund (IMF) - 2014
This paper presents the theoretical structure of MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. In MAPMOD, bank loans create purchasing power that facilitates adjustments in the real economy....
Persistent link: https://www.econbiz.de/10010790398
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Financial Crises in DSGE Models: Selected Applications of MAPMOD
Benes, Jaromir; Kumhof, Michael; Laxton, Douglas - International Monetary Fund (IMF) - 2014
This paper, together with a technical companion paper, presents MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. In MAPMOD, bank loans create purchasing power that facilitates adjustments in the...
Persistent link: https://www.econbiz.de/10010790408
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Pricing Debit Card Payment Services; An IO Approach
Tieman, Alexander F.; Bolt, Wilko - International Monetary Fund (IMF) - 2003
This paper presents a theoretical framework for analyzing pricing structures in debit card schemes featuring cardholders, retailers, their respective banks, and a network routing switch. The network routing switch controls the electronic debit card network and is jointly owned by the banks. In...
Persistent link: https://www.econbiz.de/10005264130
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Consolidation and Market Structure in Emerging Market Banking Systems
Gelos, Gaston; Roldos, Jorge - International Monetary Fund (IMF) - 2002
This paper examines the evolution of market structure in emerging market banking systems during the 1990s. While significant bank consolidation has been taking place in these countries, reflected in a sharp decline in the number of banks, this process has not systematically been associated with...
Persistent link: https://www.econbiz.de/10005264153
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Competition in Indian Banking
International Monetary Fund (IMF); International … - 2005
It is widely perceived that competition in the Indian banking sector has increased since the inception of the financial … competitive conditions and earns revenues as if under monopolistic competition. …
Persistent link: https://www.econbiz.de/10005825694
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Bank Efficiency and Competition in Low-Income Countries; The Case of Uganda
Hauner, David; Peiris, Shanaka J. - International Monetary Fund (IMF) - 2005
far-reaching banking sector reforms undertaken in Uganda to improve competition and efficiency. Using models that have … been previously used only in industrial countries, we find that the level of competition has increased significantly and …
Persistent link: https://www.econbiz.de/10005826275
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Bank Competition and Firm Creation
Dell'Ariccia, Giovanni - International Monetary Fund (IMF) - 2001
This paper investigates the empirical relationship between competition in the financial sector and the creation of … firms in the non-financial sector. It finds that bank competition has an overall positive effect on firm creation. However …, consistent with theories of banking arguing that competition may reduce the availability of credit to informationally opaque …
Persistent link: https://www.econbiz.de/10005826289
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Competition in the Financial Sector; Overview of Competition Policies
Claessens, Stijn - International Monetary Fund (IMF) - 2009
As in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests …, however, that unfettered competition is not first best given the special features of finance. I review these analytics and … describe how to assess the degree of competition in markets for financial services. Existing research shows that the degree of …
Persistent link: https://www.econbiz.de/10005826668
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Privatization and Public Enterprises
Hemming, Richard; Mansoor, Ali M. - International Monetary Fund (IMF) - 1998
Persistent link: https://www.econbiz.de/10005590918
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GEM; A New International Macroeconomic Model
Bayoumi, Tamim; Faruqee, Hamid; Laxton, Douglas; Karam, … - International Monetary Fund (IMF) - 2004
Over the past two years, the IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). This paper explains why such a model is needed, how GEM differs from its predecessor model, and how the new features of the model can improve the IMF’s...
Persistent link: https://www.econbiz.de/10005590952