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This paper investigates the role of credit market frictions in the transmission of monetary shocks in Pakistan. First, using macro data, it is shown that banking spreads are countercyclical, even it is controlled for credit risk, monetary policy and potential maturity mismatches. It is found...
Persistent link: https://www.econbiz.de/10009493965
Budget and Annual Financial Statement for the year 2008-09.
Persistent link: https://www.econbiz.de/10005341666
This report is intended as a wake-up call to anyone who thinks the developing world debt crisis has been resolved. In … fact, it assesses fears of a new debt crisis, more serious than before, spreading to nearly 40 countries. 38 of the 43 … countries that the World Bank calculates are most vulnerable to the economic crisis already required substantial debt …
Persistent link: https://www.econbiz.de/10005017994
necessary to resolve a complex interplay of several interrelated problems. The G 20 seems to be better positioned than the IMF …
Persistent link: https://www.econbiz.de/10009391605
This lecture series begins with a discussion of the reforms that have undertaken in the IMF since the mid-1990s, and … particularly since the start of the Asian economic crisis. It concludes with a discussion of the potential future roles of IMF in … Asia, and of Asian countries in the IMF, particularly in the light of the emerging regional financial arrangements. …
Persistent link: https://www.econbiz.de/10008598642
which are routinely collected by central banks and reported to the IMF are arranged by their countrywise origins and …
Persistent link: https://www.econbiz.de/10004964285
severity of the crisis and the failure of IMF in assisting these countries became a motivating factor to engage in closer … financial cooperation in this region. This paper will discuss the relevance of those initiatives to the IMF reform. …
Persistent link: https://www.econbiz.de/10005170136
also an incursion into the operational principles and strategies of the World Bank and IMF. Finally it analyzes the … implication of the World Bank and IMF to economic growth and development of underdeveloped countries and section five will be …
Persistent link: https://www.econbiz.de/10005487554
The IMF attempts to stabilize private capital flows to emerging markets by providing public monitoring and emergency … finance. In analyzing its role we contrast cases where banks and bondholders do the lending. Banks have a natural advantage in … when they are issued in conjunction with IMF-supported programs, as if the existence of a program conveyed positive …
Persistent link: https://www.econbiz.de/10005528172
for a comprehensive vision of the role to be played by the IMF in the emerging global economic and financial system. The … world needs an effective IMF and that effectiveness will be secured only with a major effort to bring about the kind of …
Persistent link: https://www.econbiz.de/10005696030