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Credibility and Crisis Stress Testing
Ong, Li L.; Pazarbasioglu, Ceyla - International Monetary Fund (IMF) - 2013
Credibility is the bedrock of any crisis stress test. The use of stress tests to manage systemic risk was introduced by the U.S. authorities in 2009 in the form of the Supervisory Capital Assessment Program. Since then, supervisory authorities in other jurisdictions have also conducted similar...
Persistent link: https://www.econbiz.de/10011142183
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Does the Clarity of Inflation Reports Affect Volatility in Financial Markets?
Bulir, Ales; Cihak, Martin; Jansen, David-Jan - International Monetary Fund (IMF) - 2014
We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure … clarity of reports by the Czech National Bank, the European Central Bank, the Bank of England, and Sveriges Riksbank using the … relationship between clarity and market volatility prior to and during the early stage of the global financial crisis. As the …
Persistent link: https://www.econbiz.de/10010959473
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United Republic of Tanzania: Selected Issues
International Monetary Fund (IMF); International … - 2014
Persistent link: https://www.econbiz.de/10011244224
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Zimbabwe; Staff Monitored Program
International Monetary Fund (IMF); International … - 2013
build investor confidence and attract needed foreign direct investment. …
Persistent link: https://www.econbiz.de/10011245191
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Ukraine: First Review Under the Stand-By Arrangement, Requests for Waivers of Nonobservance and Applicability of Performance Criteria, and a Request for Rephasing of the Arrangemen...
International Monetary Fund (IMF); International … - 2014
confidence, balance of payment flows, economic activity, and budget execution. The banking sector has had to cope with larger …
Persistent link: https://www.econbiz.de/10011245299
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Democratic Republic of the Congo; 2012 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director...
International Monetary Fund (IMF); International … - 2013
Economic performance in the Democratic Republic of the Congo (DRC) has improved markedly. To safeguard the fiscal position, the government has to rigorously monitor budget execution and reduce nondiscretionary spending. The current monetary and floating exchange rate regime should be maintained....
Persistent link: https://www.econbiz.de/10011245499
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Democratic Republic of São Tomé And Príncipe: Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2014
This paper discusses Second National Poverty Reduction Strategy II (NPRS-II) (2012–2016) for Democratic Republic of São Tomé and Príncipe. A comparison of the results of the 2000 and 2010 poverty profile, based on the average income method, shows that there was progress in reducing poverty,...
Persistent link: https://www.econbiz.de/10011245649
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European Union; Publication of Financial Sector Assessment Program Documentation ––Technical Note on Issues in Transparency and Accountability
International Monetary Fund (IMF); International … - 2013
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011245847
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Trade and the Crisis; Protect or Recover
Saito, Mika; Henn, Christian; Gregory, Rob; McDonald, … - International Monetary Fund (IMF) - 2010
The pace of trade reforms waned from the mid-2000s as protectionist sentiment began to increase. With the onset of the global financial crisis, reform progress not only halted but began to reverse. As we show in this note, new trade restrictions have had—in the limited products they...
Persistent link: https://www.econbiz.de/10011245865
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Imperfect Central Bank Communication; Information Versus Distraction.
Orphanides, Athanasios; Dale, Spencer; Österholm, Pär - International Monetary Fund (IMF) - 2008
Much of the information communicated by central banks is noisy or imperfect. This paper considers the potential benefits and limitations of central bank communications in a model of imperfect knowledge and learning. It is shown that the value of communicating imperfect information is ambiguous....
Persistent link: https://www.econbiz.de/10005248250