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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

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 … long-run relationship between financial intermediation and nonhydrocarbon output growth. The OLS estimation shows that … financial development has a statistically significant negative effect on real nonhydrocarbon GDP per capita growth. However, the …

Persistent link: https://www.econbiz.de/10010790327

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

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

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 … estimation results suggest that the beneficial effect of financial deepening on economic growth in fact displays measurable …

Persistent link: https://www.econbiz.de/10011242300

Credit Growth in Latin America; Financial Development or Credit Boom?

Hansen, Niels-Jakob Harbo; Sulla, Olga - International Monetary Fund (IMF) - 2013

patterns of credit growth in 18 countries in Latin America and uses econometric methods to determine whether it is indicative … of financial deepening or poses risks of credit booms. The strongest credit growth occurred for consumption and mortgages … most countries and there are some signs of maturity lengthening. To assess whether the recent credit growth is excessive …

Persistent link: https://www.econbiz.de/10011242382

Republic of Belarus; Statistical Appendix

International Monetary Fund (IMF); International … - 2007

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Persistent link: https://www.econbiz.de/10011244613

The Gambia; Poverty Reduction Strategy Paper

International Monetary Fund (IMF); International … - 2007

This paper discusses Poverty Reduction Strategy Paper (PRSP) 2007â€“11 for The Gambia. PRSP II builds on the long-term development Vision 2020 of The Gambia. It also takes cognizance of the fact that implementation of PRSP I suffered from revenue shortfalls as the IMF suspended its program...

Persistent link: https://www.econbiz.de/10011244972

Sierra Leone; Poverty Reduction Strategy Paper: Annual Progress Report

International Monetary Fund (IMF); International … - 2007

This report describes the progress made in implementing the Poverty Reduction Strategy Paper (PRSP) for Sierra Leone from June 2005 to May 2006. The improvement in the external sector has for the most part reflected a strong improvement in export performance, particularly for diamonds. Efficient...

Persistent link: https://www.econbiz.de/10011245006

Kuwait; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2012

This Selected Issues and Statistical Appendix paper on Kuwait focuses on recent development in investment companies (ICs) and the business environment in the country. ICs continue to be vulnerable to swings in financial and real estate markets. They continue to have large exposures to domestic,...

Persistent link: https://www.econbiz.de/10011245260