Showing 1 - 10 of 217
outlines the theory under-pinning the model, and illustrates its macroeconomic properties by presenting its responses under a …
Persistent link: https://www.econbiz.de/10011242191
Over the past decade, China’s growth model has become more reliant on investment and its footprint in global imports has widened substantially. Several economies within China’s supply chain are increasingly exposed to its investment-led growth and face growing risks from a...
Persistent link: https://www.econbiz.de/10011242248
We examine the relationship between South African Rand and gold price volatility using monthly data for the period 1980-2010. Our main findings is that prior to capital account liberalization the causality runs from South African Rand to gold price volatility but the causality runs the other way...
Persistent link: https://www.econbiz.de/10011242268
We document that (i) although private investment growth in emerging markets has decelerated in recent years, it came down from cyclical highs and remains close to pre-crisis trends; and (ii) investment-to-output ratios generally remain close to or above historical averages. We show that...
Persistent link: https://www.econbiz.de/10011242322
This selected issues paper on Indonesia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on August 21, 2012. The views expressed...
Persistent link: https://www.econbiz.de/10011243208
the commodity boom; and (iii) although further reliance on commodities has increased Indonesia’s vulnerability to export …
Persistent link: https://www.econbiz.de/10011244143
This Selected Issues paper and Statistical Appendix examines banking sector developments in the Republic of Tajikistan. The paper estimates quasi-fiscal activities in the energy sector, and provides an assessment of external sector trade and the need for further trade reform. Developments in the...
Persistent link: https://www.econbiz.de/10005825496
We present a simple macroeconomic model with a continuum of primary commodities used in the production of the final … good, such that the real prices of commodities have a factor structure. One factor captures the combined contribution of … underlying structural shocks. The theory also provides guidance on how empirical factors can be rotated to identify the …
Persistent link: https://www.econbiz.de/10011242285
introduced a market-based pricing system for so-called nontradable shares in listed companies closely held by government and …
Persistent link: https://www.econbiz.de/10011242961
This paper presents Detailed Assessment of the United States’s implementation of the International Organization of Securities Commissions’ Objectives and Principles of Securities Regulation. The general preconditions for effective securities regulation in the United States are...
Persistent link: https://www.econbiz.de/10011243733