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Thailand: 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
This 2013 Article IV Consultation highlights that in 2012, Thailand’s economy rebounded strongly from the devastating floods, with real GDP growing by 6.5 percent. Private consumption rose 6.7 percent, reflecting pent-up demand and government measures, including the rice pledging scheme,...
Persistent link: https://www.econbiz.de/10011243217
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Much Ado About Nothing? Estimating the Impact of a U.S. Slowdownon Thai Growth
Aiyar, Shekhar; Tchakarov, Ivan - International Monetary Fund (IMF) - 2008
External demand was the main driver of growth in Thailand in 2006 and 2007. However, WEO projections indicate …, and high oil prices. While the share of Thai exports to the US has fallen in recent years, the US remains Thailand …'s largest export destination. We use a small structural model and Bayesian estimation to assess the possible impact of a U …
Persistent link: https://www.econbiz.de/10005248323
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Shock Therapy! What Role for Thai Monetary Policy?
Alp, Harun; Elekdag, Selim - International Monetary Fund (IMF) - 2012
Thailand had to endure three major shocks during 2008–2011: the global financial crisis, the Japanese earthquake, and … the Thai floods of 2011. Over this period, consistent with its inflation targeting framework, the Bank of Thailand (BOT … added up to a total of 4 percentage points to real GDP growth during periods when Thailand had to weather these three major …
Persistent link: https://www.econbiz.de/10011142014
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Japan; 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion.
International Monetary Fund (IMF); International … - 2007
This 2007 Article IV Consultation highlights that Japan’s external position remains strong. Boosted by investment income, the current account surplus widened in 2006 to nearly 4 percent of Japan’s GDP, despite a shrinking trade balance. Financial outflows also picked up, reflecting...
Persistent link: https://www.econbiz.de/10011244973
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Retarding Short-Term Capital Inflows Through withholding Tax
Zee, Howell H. - International Monetary Fund (IMF) - 2000
This paper proposes a price-based measure to mitigate the destabilizing impact of the volatility of global capital movements on the domestic economy of a country pursuing sound economic policies. The measure is a withholding tax on all private capital inflows, with a credit and refund provision...
Persistent link: https://www.econbiz.de/10005263778
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An Anatomy of Corporate Bond Markets; Growing Pains and Knowledge Gains
Luengnaruemitchai, Pipat; Ong, Li L. - International Monetary Fund (IMF) - 2005
The objective of this paper is to discuss the key issues relating to the development of local corporate bond markets. We examine the requirements for local corporate bond market development, and compare and contrast experiences across both mature and emerging markets. We suggest that core...
Persistent link: https://www.econbiz.de/10005264116
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International Capital Crunches; The Time-Varying Role of Informational Asymmetries
Mody, Ashoka; Taylor, Mark P. - International Monetary Fund (IMF) - 2002
We examine the determinants of capital flows to four developing countries during the 1990s using an explicitly disequilibrium econometric framework in which the supply and demand for capital are not necessarily equal and the actual amount of the flow is determined by the ‘short side’ of the...
Persistent link: https://www.econbiz.de/10005825608
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Real and Financial Sector Linkages in China and India
Aziz, Jahangir - International Monetary Fund (IMF) - 2008
In the spirit of what is known as business cycle accounting, this paper finds that the investment wedge-the gap between household's rate of intertemporal substitution and the marginal product of capital-is large and quantitatively significant in explaining China's and India's growth. Specific...
Persistent link: https://www.econbiz.de/10005826386
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Managing Risks in Financial Market Development; The Role of Sequencing
International Monetary Fund (IMF); International … - 2003
This paper proposes an integrated and risk-based approach to the sequencing and coordination of reforms to develop domestic financial markets. The paper argues that there is a hierarchy of financial markets that reflects the complexity of risks in each market and the interlinkages among markets....
Persistent link: https://www.econbiz.de/10005768863
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Capital Flows and Demographics; An Asian Perspective
Lueth, Erik - International Monetary Fund (IMF) - 2008
This paper calibrates the production functions of 176 countries to fit 2003 data and examines the capital flows that emerge, when labor forces change according to the 2007 UN population projections. It finds that demographic factors are no help in correcting today's global imbalances; that...
Persistent link: https://www.econbiz.de/10005768978