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Idiosyncratic and Systemic Risk in the European Corporate Sector; A CDO Perspective
Lu, Yinqiu; Chan-Lau, Jorge A. - International Monetary Fund (IMF) - 2006
Systemic risk remains a major concern to policymakers since widespread defaults in the corporate and financial sectors could pose substantial costs to society. Forward-looking measures and/or indicators of systemic default risk are thus needed to identify potential buildups of vulnerability in...
Persistent link: https://www.econbiz.de/10005263700
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An Empirical Reassessment of the Relationship Between Finance and Growth
Favarra, Giovanni - International Monetary Fund (IMF) - 2003
This paper reexamines the empirical relationship between financial development and economic growth. It presents evidence based on cross-section and panel data using an updated dataset, a variety of econometric methods, and two standard measures of financial development: the level of liquid...
Persistent link: https://www.econbiz.de/10005826253
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French-German Interest Rate Differentials and Time-Varying Realignment Risk
Caramazza, Francesco - International Monetary Fund (IMF) - 1993
This paper explores the determinants of expected rates of realignment of the French franc/Deutsche mark exchange rate during the period 1987-1991. It does so by first estimating expected parity changes and then relating these to economic variables that are believed to influence agents’...
Persistent link: https://www.econbiz.de/10005599269
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Namibia; 2006 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Namibia
International Monetary Fund (IMF); International … - 2007
This 2006 Article IV Consultation highlights that with generally prudent macroeconomic policies, Namibia has enjoyed robust growth, moderate inflation, and strong external surpluses. Growth is expected to increase to 4½ percent in 2006, after 4¼ percent in 2005, owing in part to a recovery...
Persistent link: https://www.econbiz.de/10011244194
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Republic of Moldova; Poverty Reduction Strategy Paper Annual Evaluation Report 2005: Joint Staff Advisory Note
International Monetary Fund (IMF); International … - 2006
accomplishments and shortcomings of the past year, focusing on outcomes rather than inputs. It points to evidence of continued poverty … presents an updated description of the dynamics of poverty and inequality in Moldova. …
Persistent link: https://www.econbiz.de/10011244213
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Gabon; Selected Issues
International Monetary Fund (IMF); International … - 2006
Efficiency and equity reasons suggest placing a high priority on ensuring that fiscal policy is on a sustainable path. This chapter has sought to estimate the sustainable long-term non-oil primary deficit and the optimal adjustment path toward that level. The banks’ inability to monitor...
Persistent link: https://www.econbiz.de/10011244307
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Kyrgyz Republic; Poverty Reduction Strategy Paper: Joint Staff Advisory Note
International Monetary Fund (IMF); International … - 2007
This Joint Staff Advisory Note (JSAN) highlights the Poverty Reduction Strategy Paper–Country Development Strategy … experience from the National Poverty Reduction Strategy (NPRS). This JSAN provides advice on key priorities for strengthening the … strategy and promoting the effective implementation of CDS. It reviews poverty trends, macroeconomic and sectoral policies in …
Persistent link: https://www.econbiz.de/10011244317
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The Federal Democratic Republic of Ethiopia; 2005 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement...
International Monetary Fund (IMF); International … - 2006
The Federal Democratic Republic of Ethiopia’s 2005 Article IV Consultation reports that domestic credit growth has accelerated, driven by strong demand from the government, public enterprises, and the private sector. High import content, particularly from public infrastructure...
Persistent link: https://www.econbiz.de/10011244336
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Islamic Republic of Mauritania; 2006 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Stat...
International Monetary Fund (IMF); International … - 2006
Mauritania achieved substantial progress owing to its macroeconomic policies, budget formulation, governance, and transparency under the economic program. Executive Directors commended the program and emphasized the need for tight fiscal and monetary policies. Directors noted the implementation...
Persistent link: https://www.econbiz.de/10011244743
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Union of the Comoros; Interim Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2006
The Union of the Comoros’s Interim Poverty Reduction Strategy (PRGS) paper reports that the government⠅
Persistent link: https://www.econbiz.de/10011244800