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An Incentive Approach to Identifying Financial System Vulnerabilities
Chai, Jingqing; Johnston, R. B. - International Monetary Fund (IMF) - 2000
This paper underscores the importance of the assessment of incentives of the main agents in a financial system as a key element in the analysis of financial system vulnerability and the surveillance over the financial system. We outline a diagnostic approach for the assessment of incentives....
Persistent link: https://www.econbiz.de/10005264193
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Ukraine; The Cost of Weak Institutions
Tiffin, Andrew - International Monetary Fund (IMF) - 2006
Ukraine has the potential to be a very wealthy country. It has a well-educated workforce, some of the best agricultural land in the world, an enviable supply of hydrocarbons and minerals, and a relatively well-developed infrastructure. Despite these advantages, however, Ukraine's per capita...
Persistent link: https://www.econbiz.de/10005769281
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Liberalized Markets Have More Stable Exchange Rates; Short-Run Evidence From Four Transition Countries
Bulir, Ales - International Monetary Fund (IMF) - 2004
liquidity" hypothesis suggests that opening financial markets militates in favor of exchange rate flexibility by increasing the …-Prescott-based values where markets are liberalized. The results suggest that early and successful foreign exchange liberalization pays off …
Persistent link: https://www.econbiz.de/10005599329
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Jamaica; Selected Issues
International Monetary Fund (IMF); International … - 2006
This Selected Issues paper analyzes Jamaica’s experience of low growth despite consistently high investment rates. It suggests that the link between public debt and productivity is part of the answer to the puzzle. The paper considers Jamaica’s debt management strategy and its...
Persistent link: https://www.econbiz.de/10011244350
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Ireland; Selected Issues
International Monetary Fund (IMF); International … - 2007
This Selected Issues paper discusses Ireland’s trade and financial linkages with key partner countries. The paper uses a vector autoregression to examine the impact of shocks to partner country GDP and shocks to Irish competitiveness on Irish GDP. Two main findings are that shocks to U.S....
Persistent link: https://www.econbiz.de/10011245087
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Dynamic Depositor Discipline in U.S. Banks
McDill, Kathleen; Maechler, Andrea M. - International Monetary Fund (IMF) - 2003
This paper investigates the presence of depositor discipline in the U.S. banking sector. We test whether depositors penalize (discipline) banks for poor performance by withdrawing their uninsured deposits. While focusing on the movements in uninsured deposits, we also account for the possibility...
Persistent link: https://www.econbiz.de/10005248320
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Asset Market Participation, Monetary Policy Rules, and the Great Inflation
Bilbiie, Florin; Straub, Roland - International Monetary Fund (IMF) - 2006
This paper argues that limited asset market participation is crucial in explaining U.S. macroeconomic performance and monetary policy before the 1980s, and their changes thereafter. We develop an otherwise standard sticky-price dynamic stochastic general equilibrium model, which implies that at...
Persistent link: https://www.econbiz.de/10005263711
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Structural Reforms in the Euro Area; Economic Impact and Role of Synchronization Across Markets and Countries
Everaert, Luc; Schule, Werner - International Monetary Fund (IMF) - 2006
markets are quantified for both a large and a small euro area economy. When markups in these markets are reduced, there are … transitional costs as they induce a temporary decline in consumption, but raising competition in goods markets can mitigate some of … these costs. Thus, coordinating the timing of reforms across markets is beneficial, and the more so the more open the …
Persistent link: https://www.econbiz.de/10005264078
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First; A Market-Based Approach to Evaluate Financial System Risk and Stability
Avesani, Renzo G. - International Monetary Fund (IMF) - 2005
, complex financial institutions (LCFIs) operating in the most advanced financial markets, MRI and CRI have also been applied to …
Persistent link: https://www.econbiz.de/10005264101
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Assessing Bank Competition within the East African Community
Sanya, Sarah; Gaertner, Matthew - International Monetary Fund (IMF) - 2012
This paper is an empirical analysis of competitiveness in the banking system of four out of the five East African Community (EAC) countries2. The results show that the degree of competition is low due to a combination of structural and socio-economic factors. By way of preview, the analysis...
Persistent link: https://www.econbiz.de/10009650623