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Inflation Targeting and Monetary Policy Transmission Mechanisms in Emerging Market Economies
Mukherjee, Sanchita; Bhattacharya, Rina - International Monetary Fund (IMF) - 2011
empirical results suggest that private consumption and investment in both groups of countries are sensitive to movements in real … channel in IT EMEs. Also, the interest rate elasticities of private consumption and private investment vary with the level of … and private investment in the two groups of countries. …
Persistent link: https://www.econbiz.de/10009327866
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The Outlook for Financing Japan's Public Debt
Tokuoka, Kiichi - International Monetary Fund (IMF) - 2010
Despite the rapid rise in public debt and large fiscal deficits, Japanese Government Bond (JGB) yields have remained fairly stable. Possible factors include: Japan's sizeable pool of household savings, presence of large and stable institutional investors, and strong home bias. These factors are...
Persistent link: https://www.econbiz.de/10008519507
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Macroeconomic Fundamentals, Price Discovery and Volatility Dynamics in Emerging Markets
International Monetary Fund (IMF); International … - 2009
This study characterizes volatility dynamics in external emerging bond markets and examines how prices and volatility respond to news about macroeconomic fundamentals. As in mature bond markets, macroeconomic surprises in external emerging bond markets are found to a¤ect both conditional...
Persistent link: https://www.econbiz.de/10008528627
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Thailand; Financial Sector Assessment Program: Technical Note: Fixed Income Markets
International Monetary Fund (IMF); International … - 2009
should be considered, including removing the limitations on below investment grade debt offerings, expanding the size of …
Persistent link: https://www.econbiz.de/10011243082
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Japan; Selected Issues
International Monetary Fund (IMF); International … - 2009
This Selected Issues paper focuses on Japan’s public debt and the challenges facing small- and medium-size enterprises in Japan. Historically, Japan’s public debt has been financed in a fairly smooth manner. The large pool of household savings and the stable domestic institutional...
Persistent link: https://www.econbiz.de/10011243568
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Benin; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2008
The strategy adopted by Benin to strengthen its macroeconomic stability and promote private-investment-led growth has …
Persistent link: https://www.econbiz.de/10011244719
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Republic of Tajikistan; 2011 Article IV Consultation, Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Request for Waiver of Nonobservance for Per...
International Monetary Fund (IMF); International … - 2011
Tajikistan’s economic performance has been satisfactory, but challenges still remain. Executive Directors agreed that the challenge is to support recovery while addressing risks to macroeconomic stability. They emphasized for prudent monetary stance to avoid inflation and also to address...
Persistent link: https://www.econbiz.de/10011245811
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Financing Infrastructure in India; Macroeconomic Lessons and Emerging Market Case Studies
Walsh, James P; Yu, Jiangyan; Park, Chanho - International Monetary Fund (IMF) - 2011
Driving infrastructure development, notably mobilizing financial resources for infrastructure projects, has been challenging in many countries. This study includes two parts: an empirical analysis of macroeconomic risks associated with infrastructure booms, and a case study of four emerging...
Persistent link: https://www.econbiz.de/10009203552
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Investment and Growth Dynamics; An Empirical Assessment Applied to Benin
Samaké, Issouf - International Monetary Fund (IMF) - 2008
We investigate the nexus of public and private investment and assess the impact of both types of investment on growth …. Using annual data for 1965-2005, we employ a coherent set of structural VAR outputs to model investment and growth in Benin …. We find that in addition to institutional and regulatory developments, public investment and private capital formation …
Persistent link: https://www.econbiz.de/10005826346
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Real and Financial Sector Linkages in China and India
Aziz, Jahangir - International Monetary Fund (IMF) - 2008
In the spirit of what is known as business cycle accounting, this paper finds that the investment wedge-the gap between … investment wedge. In the case of China, nonperforming loans, borrowing constraints, and uncertainty over changes in government … investment. In the case of India, post-1992 financial sector reforms, particularly the reduction in the funds preempted by the …
Persistent link: https://www.econbiz.de/10005826386