Showing 1 - 10 of 1,392
This 2013 Article IV Consultation highlights that over the past year, Mexico has maintained macroeconomic policy …
Persistent link: https://www.econbiz.de/10011245002
The report discusses the important role of the Flexible Credit Line (FCL) in helping Mexico to survive in the fragile … global economic environment. The FCL’s contribution in maintaining an orderly financial market in Mexico is noteworthy. IMF … staff reaffirms their commitment toward Mexico in taking the necessary actions to manage unforeseen risks. According to the …
Persistent link: https://www.econbiz.de/10011242587
buffer against risks that erupted during the global economic crisis. Mexico has been identified as a prudent and fairly well …
Persistent link: https://www.econbiz.de/10011242784
Uncertainty about the riskiness of new financial products was an important factor behind the U.S. credit crisis. We show that a boom-bust cycle in debt, asset prices and consumption characterizes the equilibrium dynamics of a model with a collateral constraint in which agents learn "by...
Persistent link: https://www.econbiz.de/10008560424
This paper considers the case for mortgage covered bonds as an alternative to the originate-to-distribute mortgage funding model. It argues that the economic incentives provided to market participants under the covered bonds model are less susceptible to moral hazard even while retaining the key...
Persistent link: https://www.econbiz.de/10008777017
For a sample of 83 financial institutions during 2003–2011, this paper attempts to answer three questions: first, what is the evolution of banks’ stock price exposure to country-level and global risk factors as approximated by equity indices; second, which bank-specific characteristics...
Persistent link: https://www.econbiz.de/10011242342
The constraints that external linkages impose on domestic policy choices in Saudi Arabia have continuously evolved over the past four decades. This paper argues that two major ongoing developments in particular have affected and will continue to affect policy trade-offs. First, growing oil needs...
Persistent link: https://www.econbiz.de/10011142130
Rwanda’s Economic Development and Poverty Reduction Strategy provides a medium-term framework for achieving the country’s long-term development goals and aspirations as embodied in Rwanda Vision 2020, the seven-year Government of Rwanda programme, and the Millennium Development...
Persistent link: https://www.econbiz.de/10011244912
Lesotho’s National Strategic Development Plan (NSDP) serves as an implementation strategy for the national vision. It recognizes the significant challenges Lesotho faces in reducing poverty and making growth more broad-based. Overall, it presents a coherent analysis and offers an...
Persistent link: https://www.econbiz.de/10011245226
Liberia’s Poverty Reduction Strategy Paper highlights the civil war as the underlying cause of extreme poverty. A major challenge for the government is to attract more donor aid and private investment in the provision of infrastructure given its own limited budget and the constraints on...
Persistent link: https://www.econbiz.de/10011245429