instability. In economies with fixed exchange rates, where countercyclical monetary policy is not possible, prudential regulations … rules such as countercyclical capital adequacy rules, can allow monetary authorities to achieve the same output and … inflation objectives but with smaller adjustments in interest rates. The countercyclical rules can help stem swings in asset …

Does inflation help improve public finances? This paper documents the dynamic responses of fiscal variables to an … inflation shock, using both quarterly and annual panel data for a broad set of economies. Inflation shocks are estimated to … improve fiscal balances temporarily, as nominal revenues track inflation closely, while nominal primary expenditures take …

impacts of indexation on fiscal outcomes during episodes of inflation surprises; and an analysis of the association between … the overall degree of indexation combining the four budget items and inflation persistence …

institution’s credit worthiness and the return on its market value, and importantly, on the level and quality of capital … steps taken to increase resilience, notably higher capitalization. Our results suggest increased capital buffers may …

We criticize existing empirical results on the detrimental effects of natural resource dependence on the rate of … employing the ratio of natural capital rather than natural resource exports to national income as an explanatory variable. We … find evidence that resource abundance, measured by the stock of natural capital, also induces a resource curse, but less …

banks and industrial enterprises potentially leads to increased productivity and increased capital accumulation, raising …

, in an error-correction model, that capital controls generally have statistically insignificant effects on the exchange … rate. Controls on portfolio outflows and on bank and foreign exchange operations facilitate reductions in the domestic …This paper examines how the macroeconomic effects of capital controls vary depending on which type of international …

presented. The interaction between leverage and risk is discussed, and a modified capital adequacy ratio is calculated, which …