Narrow search
Showing 1 - 10 of 1,812
Cover Image
Eye of the Storm: The Impact of Climate Shocks on Inflation and Growth
Cevik, Serhan - 2023
large panel of countries over the period 1970-2020. The results shows that both inflation and real GDP growth respond …What is the impact of climate change on inflation and growth dynamics? This is not a simple question to answer as … climate-related shocks affect inflation and economic growth also depends on long-run scarring in the economy and the country …
Persistent link: https://www.econbiz.de/10015059496
Cover Image
Bivariate Assessments of Real Exchange Rates Using PPP Data
Zalduendo, Juan - 2008
This paper focuses on assessments of real exchange rates using PPP data and examines their limitations when these are based exclusively on bivariate estimations. It begins by presenting an analytical framework of the real exchange rate that shows that these estimations make many restrictive...
Persistent link: https://www.econbiz.de/10012677617
Cover Image
Panel Nowcasting for Countries Whose Quarterly GDPs are Unavailable
Akbal, Omer Faruk - 2023
and conflict-affected states. To address this limited data availablity, this paper proposes a panel approach that utilizes …
Persistent link: https://www.econbiz.de/10015059362
Cover Image
Too much finance?
Arcand, Jean-Louis L.; Berkes, Enrico; Panizza, Ugo - 2012
This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be ""too much"" finance. In particular, our results suggest that finance starts having a...
Persistent link: https://www.econbiz.de/10009618521
Cover Image
Understanding the Growth of African Financial Markets
Andrianaivo, Mihasonirina - 2009
This paper examines empirically the determinants of financial market development in Africa with an emphasis on banking systems and stock markets. The results show that income level, creditor rights protection, financial repression, and political risk are the main determinants of banking sector...
Persistent link: https://www.econbiz.de/10012677837
Cover Image
Financial Integration and Risk-Adjusted Growth Opportunities
Ivaschenko, Iryna V. - 2008
This paper documents the evolution of measures of financial integration for major advanced and emerging markets economies, assesses whether advances in integration have had a significant positive impact on countries' risk-adjusted growth opportunities, and identifies some of the channels through...
Persistent link: https://www.econbiz.de/10012677595
Cover Image
Global Liquidity, Risk Premiums and Growth Opportunities
De Nicoló, Gianni - 2009
This paper constructs new indicators of liquidity for equity, bond and money markets in major advanced and emerging market countries, documents their evolution and comovements, and assesses the extent to which such measures are determinants of selected spreads and proxy measures of countries'...
Persistent link: https://www.econbiz.de/10012677727
Cover Image
Financial Development and Growth in the Caucasus and Central Asia
Poghosyan, Tigran - 2022
This paper presents stylized facts on financial development in the CCA countries relative to their EM and LIC peers and assesses how financial development can boost growth in the CCA. Drawing on IMF's multidimensional index of financial development, we find that CCA countries have made progress...
Persistent link: https://www.econbiz.de/10015060274
Cover Image
A Framework for Financial Market Development
Chami, Ralph - 2009
The paper proposes a framework for examining the process of financial market development. The framework, consistent with the functional view of financial system design, is anchored in studying the incentives facing the key players in financial markets-borrowers, lenders, liquidity providers, and...
Persistent link: https://www.econbiz.de/10012677821
Cover Image
Limits of Market-Based Risk Transfer and Implications for Managing Systemic Risks.
Kim, Yoon Sook - 2006
Intro -- Contents -- Executive Summary -- I. INTRODUCTION -- II. LONG- TERM SYSTEMIC RISKS -- III. INNOVATIONS IN RISK TRANSFER MARKETS -- IV. INCOMPLETE MARKETS -- V. POLICY CONSIDERATIONS -- VI. CONCLUSIONS -- References.
Persistent link: https://www.econbiz.de/10012691045