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Institutional Factors and Financial Sector Development
Toroyan, Hovhannes - 2009
The paper assesses the effects of certain institutional factors on financial sector development in Sub- Saharan Africa (SSA). Data Envelopment Analysis (DEA) is applied to determine the extent to which these institutions affect the financial sector, and to suggest which institutions play a more...
Persistent link: https://www.econbiz.de/10012677506
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Financial Sector Surveillance and the IMF
Gola, Carlo - 2009
The global financial crisis has magnified the role of Financial Sector Surveillance (FSS) in the Fund's activities. This paper surveys the various steps and initiatives through which the Fund has increasingly deepened its involvement in FSS. Overall, this process can be characterized by a...
Persistent link: https://www.econbiz.de/10012677502
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Risk Exposures and Financial Spillovers in Tranquil and Crisis Times : Bank-Level Evidence
Poirson, Hélène - 2013
indices; second, which bank-specific characteristics explain these risk exposures; third, are there clusters of banks with … analysis of bank-to-bank linkages suggests that any 'globalization' of the euro area crisis is likely to be channelled through …
Persistent link: https://www.econbiz.de/10014409425
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Estimating Default Frequencies and Macrofinancial Linkages in the Mexican Banking Sector
Souto, Marcos - 2009
The credit risk measures we develop in this paper are used to investigate macrofinancial linkages in the Mexican banking system. Domestic and external macro-financial variables are found to be closely associated with banking soundness. At the aggregate level, high external volatility and...
Persistent link: https://www.econbiz.de/10012677777
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Competition in the Financial Sector
Claessens, Stijn - 2009
As in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests, however, that unfettered competition is not first best given the special features of finance. I review these analytics and describe how to assess the degree of competition in...
Persistent link: https://www.econbiz.de/10012677735
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Banks as Coordinators of Economic Growth.
Ueda, Kenichi - 2006
Intro -- Contents -- I. INTRODUCTION -- II. MODEL SETTING AND CHARACTERISTICS -- III. UNIQUE EQUILIBRIUM CANDIDATE WITH STRATEGIC INTERMEDIATION -- IV. EXISTENCE OF AN EQUILIBRIUM WITH FREE RECONTRACTING OPPORTUNITY -- V. DISCUSSION -- VI. CONCLUDING REMARKS -- REFERENCES -- APPENDIX I. PROOFS...
Persistent link: https://www.econbiz.de/10012691170
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A Macro Model of the Credit Channel in a Currency Union Member; The Case of Benin
Samaké, Issouf - International Monetary Fund (IMF) - 2010
Benin, a member of a currency union, using a general equilibrium model with stochastic simulation. Model calibration … replicates the historical pattern for 1996–2009. Policy experiments simulated an increase in government securities in Benin …, excess bank liquidity lowers the effectiveness of monetary policy instruments through the credit channel and that government …
Persistent link: https://www.econbiz.de/10008671313
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Structural reforms, IMF programs and capacity building : an empirical investigation
Arezki, Rabah; Quintyn, Marc; Toscani, Frederik - 2012
This paper investigates the role that International Monetary Fund (IMF) programs and capacity building play in fostering structural reforms. To do so, we exploit two novel datasets on IMF capacity building and structural reforms available for over one hundred IMF member countries over the period...
Persistent link: https://www.econbiz.de/10009622439
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Estimating Demand for IMF Financing by Low-Income Countries in Response to Shocks
Bal-Gunduz, Yasemin - 2009
This paper estimates factors affecting demand for Fund financing by Low-Income Countries (LICs) in response to policy and exogenous shocks. Various economic variables including reserve coverage, current account balance to GDP, real GDP growth, macroeconomic stability, and terms of trade shocks...
Persistent link: https://www.econbiz.de/10012677510
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Do IMF Programs Improve Economic Governance?
Honda, Jiro - 2008
This paper examines the effects of IMF financial assistance on economic governance in developing countries, based on panel data analyses of perceived governance indicators. It uses a two-stage approach to address possible endogeneity issues. The results show that successful implementation of IMF...
Persistent link: https://www.econbiz.de/10012677590