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Baltic and Icelandic Experiences of Capital Flows and Capital Flow Measures

Groenn, Audun; Fredholm, Maria Wallin - International Monetary Fund (IMF) - 2013

The aim of this empirical study is to describe and provide analysis on the experience of managing capital flows in Iceland and the Baltic countries. During the build-up of the crisis, there were shortcomings in macroeconomic policies and in the policy mix, as well as in financial supervision in...

Persistent link: https://www.econbiz.de/10010790271

External Borrowing in the Baltics, Russia, and Other States of the Former Soviet Union - the Transition to a Market Economy

Odling-Smee, J. C.; Zavoiceo, Basil B. - International Monetary Fund (IMF) - 1998

Persistent link: https://www.econbiz.de/10005605528

Agricultural Credit in the Baltics, Russia, and Other States of the Former Soviet Union

Sobolev, Yuri Vladimirovich; Lahiri, Ashok - International Monetary Fund (IMF) - 1996

Persistent link: https://www.econbiz.de/10005264258

Redistribution, Inequality, and Growth

Ostry, Jonathan David; Berg, Andrew; Tsangarides, … - International Monetary Fund (IMF) - 2014

the previous SDN on inequality and growth by focusing on the role of redistribution. It finds that, from the perspective … of the best available macroeconomic data, there is not a lot of evidence that redistribution has in fact undercut … is a big tradeoff between redistribution and growth. The best available macroeconomic data do not support such a …

Persistent link: https://www.econbiz.de/10011142220

Five Years After; European Union Membership and Macro-Financial Stability in the New Member States

Cihák, Martin; Fonteyne, Wim - International Monetary Fund (IMF) - 2009

The proximity of the European Union, the prospect of membership, and actual entry by the New Member States (NMS) increased economic and financial integration in the region, leading to fast economic growth based on sizeable capital inflows. EU membership helped in developing sound macroeconomic...

Persistent link: https://www.econbiz.de/10005825949

Czech Koruna and Polish Zloty; Spot and Currency Option Volatility Patterns

Morales, Armando Méndez - International Monetary Fund (IMF) - 2001

Exchange rate flexibility has facilitated an impressively fast insertion of the Czech koruna and the Polish zloty into the global currency market. However, exchange rate volatility patterns differ: Lower volatility is observed for the koruna against the euro relative to the U.S. dollar, while...

Persistent link: https://www.econbiz.de/10005826189

The Second Transition; Eastern Europe in Perspective

Leigh, Daniel; Fabrizio, Stefania; Mody, Ashoka - International Monetary Fund (IMF) - 2009

The countries of Eastern Europe achieved two remarkable transitions in the short period of the last two decades: from plan to market and, then, in the run-up to and entry into the European Union, they rode a wave of global trade and financial market integration. Focusing on the second...

Persistent link: https://www.econbiz.de/10005826579

Macroprudential Policies and Housing Price; A New Database and Empirical Evidence for Central, Eastern, and Southeastern Europe

Vandenbussche, Jerome; Vogel, Ursula; Detragiache, Enrica - International Monetary Fund (IMF) - 2012

Several countries in Central, Eastern and Southeastern Europe used a rich set of prudential instruments in response to last decadeâ€™s credit and housing boom and bust cycles. We collect detailed information on these policy measures in a comprehensive database covering 16 countries at a...

Persistent link: https://www.econbiz.de/10011242198

Foreign Banks and the Vienna Initiative; Turning Sinners Into Saints?

Haas, Ralph De; Korniyenko, Yevgeniya; Pivovarsky, Alexander - International Monetary Fund (IMF) - 2012

We use data on 1,294 banks in Central and Eastern Europe to analyze how bank ownership and creditor coordination in the form of the Vienna Initiative affected credit growth during the 2008â€“09 crisis. As part of the Vienna Initiative western European banks signed country-specific...

Persistent link: https://www.econbiz.de/10011242213

Non-Performing Loans in CESEE; Determinants and Impact on Macroeconomic Performance

Klein, Nir - International Monetary Fund (IMF) - 2013

The paper investigates the non-performing loans (NPLs) in Central, Eastern and South-Eastern Europe (CESEE) in the period of 1998–2011. The paper finds that the level of NPLs can be attributed to both macroeconomic conditions and banks’ specific factors, though the latter set of factors was...

Persistent link: https://www.econbiz.de/10011242324