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Credit Quality in Developing Economies: Remittances to the Rescue?
Ebeke, Christian; Loko, Boileau; Viseth, Arina - International Monetary Fund (IMF) - 2014
This paper analyzes the link between remittances inflows and nonperforming loans (NPLs) in a large sample of developing … indicate a stronger marginal impact of remittances in a context of high macroeconomic instability, suggesting a significant … effect of remittances on the likelihood of the private sector’s credit default during shocks. These results hold even after …
Persistent link: https://www.econbiz.de/10011142165
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Do Inflows or Outflows Dominate? Global Implications of Capital Account Liberalization in China
Bayoumi, Tamim; Ohnsorge, Franziska - International Monetary Fund (IMF) - 2013
This paper assesses the implications of Chinese capital account liberalization for capital flows. Stylized facts from capital account liberalization in advanced and large emerging market economies illustrate that capital account liberalization has historically generated large gross capital in-...
Persistent link: https://www.econbiz.de/10010790306
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Searching for the Finance-Growth Nexus in Libya
Cevik, Serhan; Rahmati, Mohammad - International Monetary Fund (IMF) - 2013
This paper investigates the causal relationship between financial development and economic growth in Libya during the period 1970–2010. The empirical results vary with estimation methodology and model specification, but indicate the lack of long-run relationship between financial...
Persistent link: https://www.econbiz.de/10010790327
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Does Openness Matter for Financial Development in Africa?
David, Antonio; Mlachila, Montfort; Moheeput, Ashwin - International Monetary Fund (IMF) - 2014
This paper analyzes the links between financial and trade openness and financial development in Sub-Saharan African (SSA) countries. It is based on a panel dataset using methods that tackle slope heterogeneity, cross-sectional dependence and non-stationarity, important econometric problems that...
Persistent link: https://www.econbiz.de/10010790350
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Too Cold, Too Hot, or Just Right? Assessing Financial Sector Development Across the Globe
Barajas, Adolfo; Beck, Thorsten; Dabla-Norris, Era; … - International Monetary Fund (IMF) - 2013
This paper introduces the concept of the financial possibility frontier as a constrained optimum level of financial development to gauge the relative performance of financial systems across the globe. This frontier takes into account structural country characteristics, institutional, and...
Persistent link: https://www.econbiz.de/10010790428
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The Finance and Growth Nexus Re-Examined; Do All Countries Benefit Equally?
Barajas, Adolfo; Chami, Ralph; Yousefi, Reza - International Monetary Fund (IMF) - 2013
A large theoretical and empirical literature has focused on the impact of financial deepening on economic growth throughout the world. This paper contributes to the literature by investigating whether this impact differs across regions, income levels, and types of economy. Using a rich dataset...
Persistent link: https://www.econbiz.de/10011242300
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Credit Growth in Latin America; Financial Development or Credit Boom?
Hansen, Niels-Jakob Harbo; Sulla, Olga - International Monetary Fund (IMF) - 2013
Banking credit to the private sector in Latin America has on average increased by 7 percent of GDP from primo 2004 to ultimo 2011, with real credit in some countries growing by up to 20 percent per year. This paper documents and analyzes the patterns of credit growth in 18 countries in Latin...
Persistent link: https://www.econbiz.de/10011242382
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Republic of Armenia; Selected Issues
International Monetary Fund (IMF); International … - 2006
paper, the size and the sources of remittances to Armenia are first discussed. Then, the appropriate definition of … remittances and subsequently present estimates of the macroeconomic effects of remittances to Armenia are outlined. Remittances …
Persistent link: https://www.econbiz.de/10011244293
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Albania; Selected Issues
International Monetary Fund (IMF); International … - 2006
, the role of remittances in the economy, and the policy response to rapid credit growth. It also analyzes the official … payments. It also provides a framework for analyzing the budgetary impact of remittances in Albania, and examines the …
Persistent link: https://www.econbiz.de/10011244692
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Philippines; Selected Issues
International Monetary Fund (IMF); International … - 2012
This Selected Issues paper reports that the Philippines is influenced by global developments through both trade and financial channels. Weaker global growth hurts demand for Philippine exports, which in turn affects consumption and investment. The financial system has only limited exposure to...
Persistent link: https://www.econbiz.de/10011244763