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Israel; Detailed Assessment of IOSCO Objectives and Principles of Securities Regulation
International Monetary Fund (IMF); International … - 2012
Israel’s compliance with International Organization of Securities Commissions’ objectives and Principles of Securities Regulation has been assessed. The regulatory regime is well developed and in most respects is comparable with that of major jurisdictions. For the most part, it is...
Persistent link: https://www.econbiz.de/10011242660
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Japan; Financial Sector Assessment Program—Technical Note on Credit Intermediation
International Monetary Fund (IMF); International … - 2012
This paper is an analysis of Japan’s credit channel. The economic condition has no hindrance, but credit demand showed an inert performance. The state’s policies have helped the flow of finance and prevent bankruptcy, but several other aspects act as an impediment to credit...
Persistent link: https://www.econbiz.de/10011244991
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The Transmission of Financial Stress From Advanced to Emerging Economies
Danninger, Stephan; Tytell, Irina; Balakrishnan, Ravi; … - International Monetary Fund (IMF) - 2009
This paper studies how financial stress is transmitted from advanced to emerging economies, using a new financial stress index for emerging economies. An episode of financial stress is defined as a period when the financial system's ability to intermediate may be impaired. Previous financial...
Persistent link: https://www.econbiz.de/10008528685
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Effectiveness of Capital Outflow Restrictions
Saborowski, Christian; Sanya, Sarah; Weisfeld, Hans; … - International Monetary Fund (IMF) - 2014
This paper examines the effectiveness of capital outflow restrictions in a sample of 37 emerging market economies during the period 1995-2010, using a panel vector autoregression approach with interaction terms. Specifically, it examines whether a tightening of outflow restrictions helps reduce...
Persistent link: https://www.econbiz.de/10010790319
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What is Behind Latin America’s Declining Income Inequality?
Tsounta, Evridiki; Osueke, Anayochukwu - International Monetary Fund (IMF) - 2014
Income inequality in Latin America has declined during the last decade, in contrast to the experience in many other emerging and developed regions. However, Latin America remains the most unequal region in the world. This study documents the declining trend in income inequality in Latin America...
Persistent link: https://www.econbiz.de/10011142048
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Information Rigidities in Economic Growth Forecasts; Evidence from a Large International Panel
Dovern, Jonas; Fritsche, Ulrich; Loungani, Prakash; … - International Monetary Fund (IMF) - 2013
We examine the behavior of forecasts for real GDP growth using a large panel of individual forecasts from 30 advanced and emerging economies during 1989–2010. Our main findings are as follows. First, our evidence does not support the validity of the sticky information model (Mankiw and...
Persistent link: https://www.econbiz.de/10011242185
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Chile's Structural Fiscal Surplus Rule; A Model-Based Evaluation
Kumhof, Michael; Laxton, Douglas - International Monetary Fund (IMF) - 2009
output volatility (relative to inflation volatility) in his/her objective function. A more aggressive countercyclical fiscal … rule can attain lower output volatility, but there is a trade-off with (somewhat) higher inflation volatility and (much …) higher volatility of fiscal variables. Second, given its current stock of government assets, Chile's adoption of a 0 …
Persistent link: https://www.econbiz.de/10004999965
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Mexico; Experiences with Pro-Poor Expenditure Policies
Corbacho, Ana; Schwartz, Gerd - International Monetary Fund (IMF) - 2002
Against the background of Mexico's persistently high degree of inequality, this paper analyzes the country's experience with pro-poor policies over the last decade. A number of important government initiatives, implemented since the mid-1990s, have aimed at improving distributional equity...
Persistent link: https://www.econbiz.de/10005248152
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Macro Effects of Corporate Restructuring in Japan
Kim, Se-Jik - International Monetary Fund (IMF) - 2003
This paper presents a framework for quantitatively evaluating the macroeconomic effects of corporate restructuring and applies it to Japan. Using firm-level financial statement data, it estimates total factor productivity (TFP) of individual Japanese firms. Given the estimated distribution of...
Persistent link: https://www.econbiz.de/10005248188
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Capital Income Taxation and Economic Growth in Open Economies
Palomba, Geremia - International Monetary Fund (IMF) - 2004
Do reductions in capital income taxes attract foreign capital and, at the same time, foster economic growth? This paper examines the effect of capital income taxation on the international allocation of capital and on economic growth in a two-country overlapping generations model with endogenous...
Persistent link: https://www.econbiz.de/10005263657