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Jamaica; 2010 First Review of the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2010
Jamaica has performed well under the Stand-By Arrangement program. Executive Directors commended that overall macroeconomic performance under the program has been encouraging. Directors welcomed the program aimed at fiscal responsibility legislation and central treasury management, public debt...
Persistent link: https://www.econbiz.de/10011243799
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The State of Public Finances Cross-Country Fiscal Monitor: November 2009
International Monetary Fund (IMF); International … - 2009
Persistent link: https://www.econbiz.de/10010878426
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Financial Development and Economic Growth; An Overview
Khan, Mohsin S.; Semlali, A. Senhadji - International Monetary Fund (IMF) - 2000
In recent years there has been substantial theoretical and empirical work on the role that financial markets play in fostering economic growth and development. This paper provides a selective review of the literature, as well as new empirical evidence on the relationship between financial...
Persistent link: https://www.econbiz.de/10005263653
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Market Phoenixes and Banking Ducks Are Recoveries Faster in Market-Based Financial Systems?
Allard, Julien; Blavy, Rodolphe - International Monetary Fund (IMF) - 2011
Recoveries vary considerably across countries: our paper compares recoveries in bank-based and market-based economies … and finds that market-based economies experience significantly and durably stronger rebounds than the bank-based ones (in … particular the more bank-based economies of continental Europe). Further, stronger recoveries also tend to be associated with …
Persistent link: https://www.econbiz.de/10009293778
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The Role of Subordinated Debt in Market Discipline; The Case of Emerging Markets
Karacadag, Cem; Shrivastava, Animesh - International Monetary Fund (IMF) - 2000
satisfy these preconditions—among them the monitorability of bank assets, the presence of nonbank financial investors, and …
Persistent link: https://www.econbiz.de/10005599477
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International Financial Integration Through Equity Markets; Which Firms From Which Countries Go Global?
Schmukler, Sergio L.; Claessens, Stijn - International Monetary Fund (IMF) - 2007
This paper studies international financial integration analyzing firms from various countries raising capital, trading equity, and/or cross-listing in major world stock markets. Using a large sample of 39,517 firms from 111 countries covering the period 1989-2000, we find that, although...
Persistent link: https://www.econbiz.de/10005605173
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Bond Markets in Africa
Mu, Yibin; Phelps, Peter; Stotsky, Janet Gale - International Monetary Fund (IMF) - 2013
African bond markets have been steadily growing in recent years, but nonetheless remain undeveloped. African countries would benefit from greater access to financing and deeper financial markets. This paper compiles a unique set of data on corporate bond markets in Africa. It then applies an...
Persistent link: https://www.econbiz.de/10010790374
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Fiscal Deficits, Public Debt, and Sovereign Bond Yields
Kumar, Manmohan S.; Baldacci, Emanuele - International Monetary Fund (IMF) - 2010
The recent sharp increase in fiscal deficits and government debt in many countries raises questions regarding their impact on long-term sovereign bond yields. While economic theory suggests that this impact is likely to be adverse, empirical results have been less clear cut, have generally...
Persistent link: https://www.econbiz.de/10008646420
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Development of Financial Markets in Central Europe; The Case of the Ce4 Countries
Adarov, Amat; Tchaidze, Robert - International Monetary Fund (IMF) - 2011
Financial markets in the CE4 countries are still shallow compared to other advanced EU countries. While the government bond markets are comparable in size, measured by capitalization in percent of GDP, the private bond, private credit, and equity markets lag behind. Empirical analysis in this...
Persistent link: https://www.econbiz.de/10009019571
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Germany; 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice; and Statement by the Executive Director for Germany
International Monetary Fund (IMF); International … - 2008
The German economy has made major strides, helped by wide-ranging reforms. Greater transparency and stronger incentives for prudent action will support crisis prevention and management. The immediate priorities are preserving the integrity of the financial system and maintaining economic...
Persistent link: https://www.econbiz.de/10011242796