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The Transmission of Financial Stress From Advanced to Emerging Economies
Danninger, Stephan; Tytell, Irina; Balakrishnan, Ravi; … - International Monetary Fund (IMF) - 2009
This paper studies how financial stress is transmitted from advanced to emerging economies, using a new financial stress index for emerging economies. An episode of financial stress is defined as a period when the financial system's ability to intermediate may be impaired. Previous financial...
Persistent link: https://www.econbiz.de/10008528685
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Effectiveness of Capital Outflow Restrictions
Saborowski, Christian; Sanya, Sarah; Weisfeld, Hans; … - International Monetary Fund (IMF) - 2014
This paper examines the effectiveness of capital outflow restrictions in a sample of 37 emerging market economies during the period 1995-2010, using a panel vector autoregression approach with interaction terms. Specifically, it examines whether a tightening of outflow restrictions helps reduce...
Persistent link: https://www.econbiz.de/10010790319
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Information Rigidities in Economic Growth Forecasts; Evidence from a Large International Panel
Dovern, Jonas; Fritsche, Ulrich; Loungani, Prakash; … - International Monetary Fund (IMF) - 2013
We examine the behavior of forecasts for real GDP growth using a large panel of individual forecasts from 30 advanced and emerging economies during 1989–2010. Our main findings are as follows. First, our evidence does not support the validity of the sticky information model (Mankiw and...
Persistent link: https://www.econbiz.de/10011242185
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What is Behind Latin America’s Declining Income Inequality?
Tsounta, Evridiki; Osueke, Anayochukwu - International Monetary Fund (IMF) - 2014
Income inequality in Latin America has declined during the last decade, in contrast to the experience in many other emerging and developed regions. However, Latin America remains the most unequal region in the world. This study documents the declining trend in income inequality in Latin America...
Persistent link: https://www.econbiz.de/10011142048
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Global Risks and Collective Action Failures: What Can the International Community Do?
Otker-Robe, Inci - International Monetary Fund (IMF) - 2014
Abstract What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are all examples of global risks that can cross geographical and generational boundaries and whose mismanagement can reverse gains in development and jeopardize the well-being of...
Persistent link: https://www.econbiz.de/10010959476
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Developing Essential Financial Markets in Smaller Economies; Stylized Facts and Policy Options
International Monetary Fund (IMF); International … - 2008
This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....
Persistent link: https://www.econbiz.de/10011245902
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The New International Financial Architecture and Africa
Nsouli, Saleh M.; Gall, Françoise Le - International Monetary Fund (IMF) - 2001
The new international financial architecture can help African countries benefit from globalization, while minimizing …
Persistent link: https://www.econbiz.de/10005248182
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Does the World Need a Universal Financial Institution?
Boughton, James M. - International Monetary Fund (IMF) - 2005
All financial institutions specialize, in dimensions that may include categories of assets and liabilities, types of services offered, customer demographics, and geographic coverage. The International Monetary Fund is the only international financial institution that is universal in its...
Persistent link: https://www.econbiz.de/10005248315
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Financial Integration and Risk-Adjusted Growth Opportunities
Ivaschenko, Iryna V.; Nicoló, Gianni De - International Monetary Fund (IMF) - 2008
integration and improved real prospects are mutually reinforcing. Third, financial integration predicts globalization but the …
Persistent link: https://www.econbiz.de/10005263723
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Precautionary Demand for Foreign Assets in Sudden Stop Economies; An Assessment of the New Merchantilism
Mendoza, Enrique G.; Durdu, Ceyhun Bora; Terrones, Marco - International Monetary Fund (IMF) - 2007
Financial globalization was off to a rocky start in emerging economies hit by Sudden Stops in the 1990s. The surge in … assets via business cycle volatility, financial globalization, and endogenous Sudden Stops. Our results show that financial … globalization and Sudden Stop risk are plausible explanations of the surge in reserves but cyclical volatility, which has declined …
Persistent link: https://www.econbiz.de/10005263736