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South Africa; Detailed Assessment of Implementation on IOSCO Principles-Securities Markets
International Monetary Fund (IMF); International … - 2010
South Africa has made substantial progress in addressing the recommendations of the Financial Sector Assessment Program and is continuing to build upon these accomplishments. The Financial Services Board and Department of Trade and Industry both are organizations with the legal authority to...
Persistent link: https://www.econbiz.de/10011245358
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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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Of Runes and Sagas; Perspectiveson Liquidity Stress Testing Using An Iceland Example
Cihák, Martin; Ong, Li L. - International Monetary Fund (IMF) - 2010
systems around the world. These failures were most evident in the area of liquidity risk, where now-obvious vulnerabilities … data from a now-defunct bank in Iceland, where liquidity shocks were immense, to demonstrate how a combination of stress … assumptions and shocks, could reveal key areas of risk to inform contingency planning. The liquidity stress test templates used in …
Persistent link: https://www.econbiz.de/10008560436
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The Development of Local Debt Markets in Asia
Goswami, Mangal; Sharma, Sunil - International Monetary Fund (IMF) - 2011
development has been limited by hurdles confronting borrowers and lenders, current and potential liquidity providers, and …
Persistent link: https://www.econbiz.de/10009151210
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Do Macroeconomic Effects of Capital Controls Vary by their Type? Evidence From Malaysia
Tamirisa, Natalia T. - International Monetary Fund (IMF) - 2004
This paper examines how the macroeconomic effects of capital controls vary depending on which type of international financial transaction they cover. Drawing on Malaysia's experiences in regulating the capital account during the 1990s, it finds, in an error-correction model, that capital...
Persistent link: https://www.econbiz.de/10005263719
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Malaysian Capital Controls; Macroeconomics and Institutions
Tamirisa, Natalia T.; Johnson, Simon; Kochhar, Kalpana; … - International Monetary Fund (IMF) - 2006
We analyze the capital controls imposed in Malaysia in September 1998. In macroeconomic terms, these controls neither yielded major benefits nor were costly. At the same time, the stock market interpreted the capital controls (and associated events) as favoring firms with stronger political...
Persistent link: https://www.econbiz.de/10005263746
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An Intraday Pricing Model of Foreign Exchange Markets
Romeu, Rafael - International Monetary Fund (IMF) - 2003
and inventory effects, the price impact of each instrument, the cost of liquidity, and the impact of an intervention on …
Persistent link: https://www.econbiz.de/10005769015
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India; 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for India
International Monetary Fund (IMF); International … - 2009
India’s financial system compares favorably internationally, but rising credit risk and liquidity pressures are … liquidity requirement together with stepped-up open market operations have been fully warranted. …
Persistent link: https://www.econbiz.de/10011244299
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United States; Staff Report for the 2012 Article IV Consultation
International Monetary Fund (IMF); International … - 2012
The slow-paced growth rate of the U.S. economy, notwithstanding the bolstering attempts is disheartening. Implementing financial reforms and highly accommodative monetary policy are hoped to have a desired effect. Deficit reduction, debt ratio stabilizing strategies, removal of fiscal cliff...
Persistent link: https://www.econbiz.de/10011244411
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Republic of Poland; Staff Report for the 2012 Article IV Consultation
International Monetary Fund (IMF); International … - 2012
This 2012 Article IV Consultation discusses that the economy of Poland fared well throughout the crisis. The growth was robust and well balanced in 2011. The banking sector remained profitable and well capitalized. Declining provisioning boosted profitability and the average capital adequacy...
Persistent link: https://www.econbiz.de/10011244632