Showing 1 - 10 of 652
This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies. We exploit a novel, rich panel data set, covering bilateral remittances from 103 Italian provinces to 107 developing...
Persistent link: https://www.econbiz.de/10011142103
This paper analyzes market reactions to the 2013–14 Fed announcements relating to tapering of asset purchases and their relationship to macroeconomic fundamentals and country economic and financial structures. The study uses daily data on exchange rates, government bond yields, and stock...
Persistent link: https://www.econbiz.de/10011142121
This paper provides a brief overview of the evolution of exchange rate policy in the Islamic Republic of Iran from 1993 …
Persistent link: https://www.econbiz.de/10005599261
This study examines money demand and inflation dynamics in the Islamic Republic of Iran using quarterly data for the …
Persistent link: https://www.econbiz.de/10005825599
This Selected Issues paper on Iran focuses on the Targeted Subsidy Reform Law (TSRL). This is the basic law governing … the implementation of the subsidy reform in Iran. The TSRL envisaged bringing subsidized prices close to international …
Persistent link: https://www.econbiz.de/10011244300
This staff report for the 2014 Article IV Consultation on the Islamic Republic of Iran focuses on economic developments … environment remains uncertain and delaying domestic reforms raise the risk of entrenching the economy in a low-growth and high …
Persistent link: https://www.econbiz.de/10011245474
To date, an operational measure of systemic risk capturing non-linear tail comovement between system-wide and … value is sevenfold that of an increase. Moreover, the downward bias in systemic risk from ignoring this asymmetric pattern … asymmetric model also produces much better estimates and fitting, and thus improves the capacity to monitor systemic risk. Our …
Persistent link: https://www.econbiz.de/10011142002
We identify current challenges for creating stable, yet efficient financial systems using lessons from recent and past crises. Reforms need to start from three tenets: adopting a system-wide perspective explicitly aimed at addressing market failures; understanding and incorporating into...
Persistent link: https://www.econbiz.de/10011142013
transformation risk in the banking sector and promoting funding stability. The revised package has been issued for public … NSFR is a relatively consistent regulatory measure for capturing banks’ funding risk. Finally, the paper discusses key …
Persistent link: https://www.econbiz.de/10011142026
Macro-prudential policies aimed at mitigating systemic financial risks have become part of the policy toolkit in many emerging markets and some advanced countries. Their effectiveness and efficacy are not well-known, however. Using panel data regressions, we analyze how changes in balance sheets...
Persistent link: https://www.econbiz.de/10011142054