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Deciding to Enter a Monetary Union; TheRole of Trade and Financial Linkages
Lama, Ruy; Rabanal, Pau - International Monetary Fund (IMF) - 2012
This paper evaluates the role of trade and financial linkages in the decision to enter a monetary union. We estimate a two-country DSGE model for the U.K. economy and the euro area, and use the model to compute the welfare trade-offs from joining the euro. We evaluate two alternative scenarios....
Persistent link: https://www.econbiz.de/10011242323
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Securitization: Lessons Learned and the Road Ahead
Basurto, Miguel A. Segoviano; Jones, Bradley; Lindner, Peter - International Monetary Fund (IMF) - 2013
This paper examines the financial stability implications arising from securitization markets, with one eye on the past and another on the future. The paper begins by deriving a number of “lessons learned†based on an examination of key industry developments in the years before the...
Persistent link: https://www.econbiz.de/10011142086
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Shock Therapy! What Role for Thai Monetary Policy?
Alp, Harun; Elekdag, Selim - International Monetary Fund (IMF) - 2012
the Thai floods of 2011. Over this period, consistent with its inflation targeting framework, the Bank of Thailand (BOT …
Persistent link: https://www.econbiz.de/10011142014
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Republic of Poland: Technical Note on Impaired Loans
International Monetary Fund (IMF); International … - 2013
This Technical Note analyzes impaired loans in Poland. Asset quality has moved up the Polish supervisor’s agenda to … securitization markets, and impediments in out-of-court restructurings impede rapid progress in cleaning up bank balance sheets. A …
Persistent link: https://www.econbiz.de/10011242967
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A Model-Based Analysis of Spillovers: The Case of Poland and the Euro Area
Andrle, Michal; Garcia-Saltos, Roberto; Ho, Giang - International Monetary Fund (IMF) - 2014
This paper studies economic and financial spillovers from the euro area to Poland in a two-country semi …
Persistent link: https://www.econbiz.de/10011142199
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Das Public Kapital: How Much Would Higher German Public Investment Help Germany and the Euro Area?
Elekdag, Selim; Muir, Dirk - International Monetary Fund (IMF) - 2014
Given the backdrop of pressing infrastructure needs, this paper argues that higher German public investment would not only stimulate domestic demand in the near term and reduce the current account surplus, but would also raise output over the longer-run as well as generate beneficial regional...
Persistent link: https://www.econbiz.de/10011123846
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Transparency and International Investor Behavior
Wei, Shang-Jin; Gelos, Gaston - International Monetary Fund (IMF) - 2002
Does country "transparency" affect international portfolio investment? We examine this and related questions using a unique micro dataset on international portfolio holdings. We employ various indices of government and corporate transparency, focusing on the availability and quality of...
Persistent link: https://www.econbiz.de/10005826295
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Overview of the Indian Corporate Sector: 1989-2002
Topalova, Petia - International Monetary Fund (IMF) - 2004
This paper uses firm-level data to examine the performance of India's nonfinancial corporate sector since 1989 and evaluate its financial vulnerabilities. While promising trends in liquidity, profitability, and leverage of the sector emerged in the early 1990s, they experienced a reversal after...
Persistent link: https://www.econbiz.de/10005768803
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The Effects of Unconventional Monetary Policies on Bank Soundness
Lambert, Frederic; Ueda, Kenichi - International Monetary Fund (IMF) - 2014
policy surprises, we do not detect clear effects of monetary easing on bank stock valuation but find a deterioration of … medium-term bank credit risk in the United States, the euro area, and the United Kingdom. Second, in panel regressions using … U.S. banks’ balance sheet information, we show that bank profitability and risk taking are ambiguously affected, while …
Persistent link: https://www.econbiz.de/10011142163
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SMEs’ Access to Finance in the Euro Area: What Helps or Hampers?
Öztürk, Bahar; Mrkaic, Mico - International Monetary Fund (IMF) - 2014
bank funding costs and borrower leverage matter for firms’ access to finance. Increases in bank funding costs and …
Persistent link: https://www.econbiz.de/10011142188