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Taxing Financial Transactions; An Assessment of Administrative Feasibility
Brondolo, John - International Monetary Fund (IMF) - 2011
This paper considers how a tax on financial transactions could be applied to three broad and partially overlapping categories of financial instruments: (1) exchange-traded instruments; (2) over-the-counter instruments; and, (3) foreign exchange instruments. For each category, the paper examines...
Persistent link: https://www.econbiz.de/10009203525
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Financing Infrastructure in India; Macroeconomic Lessons and Emerging Market Case Studies
Walsh, James P; Yu, Jiangyan; Park, Chanho - International Monetary Fund (IMF) - 2011
Driving infrastructure development, notably mobilizing financial resources for infrastructure projects, has been challenging in many countries. This study includes two parts: an empirical analysis of macroeconomic risks associated with infrastructure booms, and a case study of four emerging...
Persistent link: https://www.econbiz.de/10009203552
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The Great Rebalancing Act; Can Investment Be a Lever in Asia?
International Monetary Fund (IMF); International … - 2011
Ensuring stable growth in the postcrisis world economy will require a rebalancing of economic activity in several countries. In Asia’s export-dependent economies, this entails relying more on private domestic demand as a driver of growth. While some countries need to raise consumption,...
Persistent link: https://www.econbiz.de/10008839325
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Japan; 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion.
International Monetary Fund (IMF); International … - 2007
This 2007 Article IV Consultation highlights that Japan’s external position remains strong. Boosted by investment income, the current account surplus widened in 2006 to nearly 4 percent of Japan’s GDP, despite a shrinking trade balance. Financial outflows also picked up, reflecting...
Persistent link: https://www.econbiz.de/10011244973
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Retarding Short-Term Capital Inflows Through withholding Tax
Zee, Howell H. - International Monetary Fund (IMF) - 2000
This paper proposes a price-based measure to mitigate the destabilizing impact of the volatility of global capital movements on the domestic economy of a country pursuing sound economic policies. The measure is a withholding tax on all private capital inflows, with a credit and refund provision...
Persistent link: https://www.econbiz.de/10005263778
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An Anatomy of Corporate Bond Markets; Growing Pains and Knowledge Gains
Luengnaruemitchai, Pipat; Ong, Li L. - International Monetary Fund (IMF) - 2005
The objective of this paper is to discuss the key issues relating to the development of local corporate bond markets. We examine the requirements for local corporate bond market development, and compare and contrast experiences across both mature and emerging markets. We suggest that core...
Persistent link: https://www.econbiz.de/10005264116
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International Capital Crunches; The Time-Varying Role of Informational Asymmetries
Mody, Ashoka; Taylor, Mark P. - International Monetary Fund (IMF) - 2002
We examine the determinants of capital flows to four developing countries during the 1990s using an explicitly disequilibrium econometric framework in which the supply and demand for capital are not necessarily equal and the actual amount of the flow is determined by the ‘short side’ of the...
Persistent link: https://www.econbiz.de/10005825608
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Real and Financial Sector Linkages in China and India
Aziz, Jahangir - International Monetary Fund (IMF) - 2008
explaining China's and India's growth. Specific financial sector policies are shown to map well the size and changes in the … investment. In the case of India, post-1992 financial sector reforms, particularly the reduction in the funds preempted by the … rebalancing growth in China and sustaining high investment rate in India, further financial sector reforms could turn out to be …
Persistent link: https://www.econbiz.de/10005826386
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Managing Risks in Financial Market Development; The Role of Sequencing
International Monetary Fund (IMF); International … - 2003
This paper proposes an integrated and risk-based approach to the sequencing and coordination of reforms to develop domestic financial markets. The paper argues that there is a hierarchy of financial markets that reflects the complexity of risks in each market and the interlinkages among markets....
Persistent link: https://www.econbiz.de/10005768863
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Capital Flows and Demographics; An Asian Perspective
Lueth, Erik - International Monetary Fund (IMF) - 2008
This paper calibrates the production functions of 176 countries to fit 2003 data and examines the capital flows that emerge, when labor forces change according to the 2007 UN population projections. It finds that demographic factors are no help in correcting today's global imbalances; that...
Persistent link: https://www.econbiz.de/10005768978