Similar Search Results

Renminbi Usage in Cross-Border Payments: Regional Patterns and the Role of Swaps Lines and Offshore Clearing Banks

Perez-Saiz, Hector - 2023

The paper examines the usage of the Renminbi (RMB) as an international payment currency. Globally, the use of RMB … lines and offshore clearing banks. Both policy measures helped to address offshore RMB liquidity shortages given China …'s overall capital account restrictions, with the offshore clearing banks having a quantitatively larger impact. Our analysis …

Persistent link: https://www.econbiz.de/10015059540

The Making of a Continental Financial System: Lessons for Europe from Early American History

Gaspar, Vitor - International Monetary Fund (IMF) - 2014

Alexander Hamilton was the first U.S. Treasury Secretary from 1789 to 1795. When he started, the Federal Government was in default. During his tenure, U.S. Treasuries became the ultimate safe asset. He successfully managed expectations, achieved debt service reduction, and stabilized financial...

Persistent link: https://www.econbiz.de/10010959479

A New Taxonomy of Monetary Regimes

Bhundia, Ashok; Stone, Mark R. - International Monetary Fund (IMF) - 2004

This paper proposes a new taxonomy of monetary regimes defined by the choice and clarity of the nominal anchor. The regimes are as follows: (i) monetary nonautonomy, (ii) weak anchor, (iii) money anchor, (iv) exchange rate peg, (v) full-fledged inflation targeting, (vi) implicit price stability...

Persistent link: https://www.econbiz.de/10005248145

Introduction to Applied Stress Testing

Cihák, Martin - International Monetary Fund (IMF) - 2007

Stress testing is a useful and increasingly popular, yet sometimes misunderstood, method of analyzing the resilience of financial systems to adverse events. This paper aims to help demystify stress tests, and illustrate their strengths and weaknesses. Using an Excel-based exercise with...

Persistent link: https://www.econbiz.de/10005248151

Beyond Macroeconomic Stability; The Quest for Industrialization in Uganda

Selassie, Abebe Aemro - International Monetary Fund (IMF) - 2008

Uganda has registered one of the most impressive economic turnarounds of recent decades. The amelioration of conflict and wide ranging economic reforms kick-started rapid economic growth that has now been sustained for some 20 years. But there is a strong sense in policy making circles that...

Persistent link: https://www.econbiz.de/10005248159

The New International Financial Architecture and Africa

Nsouli, Saleh M.; Gall, Françoise Le - International Monetary Fund (IMF) - 2001

The new international financial architecture can help African countries benefit from globalization, while minimizing the risks, and foster an environment conducive to increased domestic investment and higher sustained growth. This paper highlights the progress that African countries have made in...

Persistent link: https://www.econbiz.de/10005248182

Financial Development and Poverty Reduction; Can there Be a Benefit without a Cost?

Jeanneney, Sylviane Guillaumont; Kpodar, Kangni - International Monetary Fund (IMF) - 2008

This article investigates how financial development helps to reduce poverty directly through the McKinnon conduit effect and indirectly through economic growth. The results obtained with data for a sample of developing countries from 1966 through 2000 suggest that the poor benefit from the...

Persistent link: https://www.econbiz.de/10005248213

Macroeconomic Adjustment in a Highly Dollarized Economy; The Case of Cambodia

International Monetary Fund (IMF); International … - 2002

Cambodia became dollarized suddenly in the early 1990s, as a result of massive dollar inflows stemming from a postconflict situation. Considering that the amount of dollars in circulation is unusually high, we attempt to estimate the true degree of dollarization empirically. Our results show...

Persistent link: https://www.econbiz.de/10005248256

Financial Sector Evolution in the Central European Economies; Challenges in Supporting Macroeconomic Stability and Sustainable Growth

Wagner, Nancy L.; Iakova, Dora M. - International Monetary Fund (IMF) - 2001

This paper takes stock of the current state of development of the financial systems in five Central European transition economies (the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia) that are also leading EU accession candidates. It presents both a progress report and an...

Persistent link: https://www.econbiz.de/10005248292

Does the World Need a Universal Financial Institution?

Boughton, James M. - International Monetary Fund (IMF) - 2005

All financial institutions specialize, in dimensions that may include categories of assets and liabilities, types of services offered, customer demographics, and geographic coverage. The International Monetary Fund is the only international financial institution that is universal in its...

Persistent link: https://www.econbiz.de/10005248315

1
2
3
4
5
6
7
8
9
10
Next
Last