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Credit Quality in Developing Economies: Remittances to the Rescue?
Ebeke, Christian; Loko, Boileau; Viseth, Arina - International Monetary Fund (IMF) - 2014
This paper analyzes the link between remittances inflows and nonperforming loans (NPLs) in a large sample of developing … indicate a stronger marginal impact of remittances in a context of high macroeconomic instability, suggesting a significant … effect of remittances on the likelihood of the private sector’s credit default during shocks. These results hold even after …
Persistent link: https://www.econbiz.de/10011142165
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Sri Lanka: 2014 Article IV Consultation and Second Post-Program Monitoring Discussion-Staff Report; Press Release
International Monetary Fund (IMF); International … - 2014
KEY ISSUES Context. Macroeconomic performance has generally exceeded expectations. Real GDP grew 7.3 percent for 2013, up from 6.3 percent in 2012. Inflation declined to below 5 percent, and the external current account balance has improved. Private credit growth has been slow, however, a number...
Persistent link: https://www.econbiz.de/10011245192
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Sri Lanka: Selected Issues Paper
International Monetary Fund (IMF); International … - 2014
EXECUTIVE SUMMARY The first chapter on monetary policy transmission examines the channels through which innovations to policy variables—policy rate or monetary aggregates—affect such macroeconomic variables as output and inflation in Sri Lanka. The effectiveness of monetary policy...
Persistent link: https://www.econbiz.de/10011245463
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Unraveling the Monetary Policy Transmission Mechanism in Sri Lanka
Ghazanchyan, Manuk - International Monetary Fund (IMF) - 2014
In this paper we examine the channels through which innovations to policy variables— policy rates or monetary aggregates—affect such macroeconomic variables as output and inflation in Sri Lanka. The effectiveness of monetary policy instruments is judged through the prism of...
Persistent link: https://www.econbiz.de/10011123834
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Sri Lanka: First Post-Program Monitoring Discussion-Staff Report; Press Release; and Statement by the Executive Director for Sri Lanka
International Monetary Fund (IMF); International … - 2014
EXECUTIVE SUMMARY Context. Sri Lanka’s economy has navigated recent market turbulence relatively well. Growth has remained solid, inflation is in mid-single digits, and the current account deficit has narrowed. From mid-May, the exchange rate came under pressure as market expectations of...
Persistent link: https://www.econbiz.de/10011242930
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Sri Lanka: Ex-Post Evaluation of Exceptional Access Under the 2009 Stand-By Arrangement-Staff Report; Press Release; and Statement by the Executive Director for Sri Lanka
International Monetary Fund (IMF); International … - 2014
EXECUTIVE SUMMARY Sri Lanka’s 2009 Stand-By Arrangement was initiated at the onset of the global financial crisis. It also coincided with the ending of the country’s decades-old civil conflict. This unusual combination of circumstances made the program subject to very high economic...
Persistent link: https://www.econbiz.de/10011244058
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Estimating Sri Lanka’s Potential Output
Ding, Ding; Nelmes, John; Perera, Roshan; Tulin, Volodymyr - International Monetary Fund (IMF) - 2014
In this paper we present various techniques to estimate Sri Lanka’s potential output and output gap, including statistical and model-based approaches. Compared to conventional statistical filters that rely exclusively on information in a single series, the model-based approaches allow...
Persistent link: https://www.econbiz.de/10011142089
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Republic of Armenia; Selected Issues
International Monetary Fund (IMF); International … - 2006
paper, the size and the sources of remittances to Armenia are first discussed. Then, the appropriate definition of … remittances and subsequently present estimates of the macroeconomic effects of remittances to Armenia are outlined. Remittances …
Persistent link: https://www.econbiz.de/10011244293
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Albania; Selected Issues
International Monetary Fund (IMF); International … - 2006
, the role of remittances in the economy, and the policy response to rapid credit growth. It also analyzes the official … payments. It also provides a framework for analyzing the budgetary impact of remittances in Albania, and examines the …
Persistent link: https://www.econbiz.de/10011244692
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Philippines; Selected Issues
International Monetary Fund (IMF); International … - 2012
This Selected Issues paper reports that the Philippines is influenced by global developments through both trade and financial channels. Weaker global growth hurts demand for Philippine exports, which in turn affects consumption and investment. The financial system has only limited exposure to...
Persistent link: https://www.econbiz.de/10011244763