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How Does U.S. Monetary Policy Influence Economic Conditions in Emerging Markets?
Arora, Vivek B.; Cerisola, Martin D. - International Monetary Fund (IMF) - 2000
empirically how country risk, as proxied by sovereign bond spreads, is influenced by U.S. monetary policy, country …
Persistent link: https://www.econbiz.de/10005599519
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The Cost of Private Debt Over the Credit Cycle
Tereanu, Eugen; Francis, Johanna L.; Aykut, Dilek - International Monetary Fund (IMF) - 2010
using data on cross border loans and international bond issuance over 1993 -2009. We estimate the effects of individual … sector between good and bad times. The loan (bond) rating has an equally robust spread reduction effect across credit cycle … reducing credit spreads for loans, while higher reserve holdings and longer maturities matter more for bond spreads. …
Persistent link: https://www.econbiz.de/10008777015
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Global Liquidity, House Prices, and the Macroeconomy: Evidence from Advanced and Emerging Economies
Cesa-Bianchi, Ambrogio; Cespedes, Luis Felipe; Rebucci, … - International Monetary Fund (IMF) - 2015
In this paper we first compare house price cycles in advanced and emerging economies using a new quarterly house price data set covering the period 1990-2012. We find that house prices in emerging economies grow faster, are more volatile, less persistent and less synchronized across countries...
Persistent link: https://www.econbiz.de/10011163121
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Capital Account Liberalization and Financial Sector Stability
International Monetary Fund (IMF); International … - 2002
Persistent link: https://www.econbiz.de/10005824821
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Russian Federation; Selected Issues
International Monetary Fund (IMF); International … - 2004
This Selected Issues paper for the Russian Federation reviews trends in private capital flows to Russia by decomposing the flows into its subcomponents. Russia became a net lender to the international banking system, as a complement to the prolonged period of large current account surpluses. The...
Persistent link: https://www.econbiz.de/10005825143
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Bond Markets As Conduits for Capital Flows; How Does Asia Compare?
Luengnaruemitchai, Pipat; Eichengreen, Barry J. - International Monetary Fund (IMF) - 2006
front than Latin America and other parts of the world. The contrast with Latin America is largely explained by stronger … diversification by mutual funds, in turn reflecting a dearth of appropriate assets. Asian Bond Fund 2, by creating a passively managed …
Persistent link: https://www.econbiz.de/10005769016
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Catalyzing Capital Flows; Do IMF-Supported Programs Work As Commitment Devices?
Saravia, Diego; Mody, Ashoka - International Monetary Fund (IMF) - 2003
international bond markets and whether they improve spreads paid on the bonds issued. We find that IMF-supported programs do not …
Persistent link: https://www.econbiz.de/10005599390
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Quality of Financial Policies and Financial System Stress
Das, Udaibir S.; Yossifov, Plamen; Podpiera, Richard; … - International Monetary Fund (IMF) - 2005
In this paper, we develop multi-country indices of financial system stress and quality of financial policies and use them in regression analysis of the determinants of financial stress. We find that countries with higher quality of financial policies are better able to contain the effects of...
Persistent link: https://www.econbiz.de/10005599559
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Managing Financial Crises; Recent Experience and Lessons for Latin America
Kincaid, G. Russell; Collyns, Charles - International Monetary Fund (IMF) - 2003
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
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Sudden Stops and IMF-Supported Programs
Eichengreen, Barry J.; Gupta, Poonam; Mody, Ashoka - International Monetary Fund (IMF) - 2006
Could a high-access, quick-disbursing "insurance facility" in the IMF help to reduce the incidence of sharp interruptions in capital flows ("sudden stops")? We contribute to the debate around this question by analyzing the impact of conventional IMF-supported programs on the incidence of sudden...
Persistent link: https://www.econbiz.de/10005826377