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Trade Policy in Financial Services
McDonald, Bradley J.; Bannister, Geoffrey J.; Tamirisa, … - International Monetary Fund (IMF) - 2000
This paper reviews the economics of trade policy in financial services, highlighting differences between trade across borders and through commercial presence. Trade liberalization could complement other financial reforms by enhancing the efficiency, quality, and variety of financial services and...
Persistent link: https://www.econbiz.de/10005599696
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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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How Do Banking Crises Affect Bilateral Exports?
Kiendrebeogo, Youssouf - International Monetary Fund (IMF) - 2013
This paper investigates whether banking crises are associated with declines in bilateral exports. We first develop a … simple open economy model in which banking crises translate into negative liquidity shocks, leading to collapses in exports … countries over the period 1988-2010. The results suggest that crisis-hit countries experience lower levels of bilateral exports …
Persistent link: https://www.econbiz.de/10010790269
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Financial Integration, Growth, and Volatility
Epaulard, Anne; Pommeret, Aude - International Monetary Fund (IMF) - 2005
The aim of this paper is to evaluate the welfare gains from financial integration for developing and emerging market economies. To do so, we build a stochastic endogenous growth model for a small open economy that can (i) borrow from the rest of the world, (ii) invest in foreign assets, and...
Persistent link: https://www.econbiz.de/10005248157
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Romania; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2003
This Selected Issues paper and Statistical Appendix provides an estimate of the long-term path of Romania’s real exchange rate. The paper describes the recent history of the real exchange rate and its main determinants. A model is developed of a time-varying long-term exchange rate path,...
Persistent link: https://www.econbiz.de/10005252850
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Who Benefits From Capital Account Liberalization? Evidence From Firm-Level Credit Ratings Data
Prati, Alessandro; Schindler, Martin; Valenzuela, Patricio - International Monetary Fund (IMF) - 2009
We provide new firm-level evidence on the effects of capital account liberalization. Based on corporate foreign-currency credit ratings data and a novel capital account restrictions index, we find that capital controls can substantially limit access to, and raise the cost of, foreign currency...
Persistent link: https://www.econbiz.de/10008559284
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Currency Convertibility and the Transformation of Centrally Planned Economies
Greene, Joshua E.; Isard, Peter - International Monetary Fund (IMF) - 1991
This paper examines the problems in establishing currency convertibility- and the optimal timing- in formerly planned economies making the transition to market-oriented systems.
Persistent link: https://www.econbiz.de/10005824848
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A Real Model of Transitional Growth and Competitiveness in China
Lipschitz, Leslie; Verdier, Geneviève; Rochon, Céline - International Monetary Fund (IMF) - 2008
We present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that raises the marginal product of labor elicits increases in employment and output rather than only...
Persistent link: https://www.econbiz.de/10005825815
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Effects of Financial Globalization on Developing Countries; Some Empirical Evidence
Kose, M. Ayhan; Rogoff, Kenneth; Prasad, Eswar; Wei, … - International Monetary Fund (IMF) - 2003
This study provides a candid, systematic, and critical review of recent evidence on this complex subject. Based on a review of the literature and some new empirical evidence, it finds that (1) in spite of an apparently strong theoretical presumption, it is difficult to detect a strong and robust...
Persistent link: https://www.econbiz.de/10005590880
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Capital Flows and their Macroeconomic Effects in India
Kohli, Renu - International Monetary Fund (IMF) - 2001
This paper documents trends in movement and composition of capital flows into India in a comparative perspective … concludes with a discussion on the costs of these policies in the event of a heavy inflow of foreign capital into India. …
Persistent link: https://www.econbiz.de/10005599217