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other unconventional policies pursued by major central banks; the euro area sovereign debt crisis; and global risk aversion. …
Persistent link: https://www.econbiz.de/10011244196
This 2012 Article IV Consultation focuses on the financial sector and macroeconomic situation in Vietnam. The authorities adopted a stabilization package in February 2011 in response to increasing pressures on prices and the exchange rate in late 2010. Executive Directors commended the...
Persistent link: https://www.econbiz.de/10011244579
of policy areas. Financial sector measures also helped to stabilize financial markets and reduce systemic risk. The …
Persistent link: https://www.econbiz.de/10011244693
This paper focuses on Lebanon’s performance under the program supported by emergency post-conflict assistance. The end-March quantitative target on international reserves was met with a wide margin. While the primary balance target was also met, the program ceiling on net government...
Persistent link: https://www.econbiz.de/10011245473
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10011245897
This paper examines empirically U.S. broad money demand emphasizing the role of financial market risk. We find that … money demand rises with the liquidity risk of stock markets or the credit risk of corporate bond markets. After controlling … for the effect of financial market risk, money demand becomes relatively stable over the last 35 years. At the sectoral …
Persistent link: https://www.econbiz.de/10005248246
This paper takes stock of the current state of development of the financial systems in five Central European transition economies (the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia) that are also leading EU accession candidates. It presents both a progress report and an...
Persistent link: https://www.econbiz.de/10005248292
sovereign risk. …
Persistent link: https://www.econbiz.de/10005248309
The most salient trend in monetary policy over the past two decades has been increasing reliance on money market operations, which reflects the belief that allowing market forces to allocate financial resources brings about increased economic efficiency and growth. However, small economies and...
Persistent link: https://www.econbiz.de/10005252522
This paper presents background work that has been the basis for the development of the market and credit risk …. The fundamental idea was to build a set of Financial Indicators on Risk and Stability (FIRST) that could reflect the …
Persistent link: https://www.econbiz.de/10005264101