Narrow search
Showing 1 - 10 of 161
Cover Image
An Incentive Approach to Identifying Financial System Vulnerabilities
Chai, Jingqing; Johnston, R. B. - International Monetary Fund (IMF) - 2000
This paper underscores the importance of the assessment of incentives of the main agents in a financial system as a key element in the analysis of financial system vulnerability and the surveillance over the financial system. We outline a diagnostic approach for the assessment of incentives....
Persistent link: https://www.econbiz.de/10005264193
Cover Image
Ukraine; The Cost of Weak Institutions
Tiffin, Andrew - International Monetary Fund (IMF) - 2006
Ukraine has the potential to be a very wealthy country. It has a well-educated workforce, some of the best agricultural land in the world, an enviable supply of hydrocarbons and minerals, and a relatively well-developed infrastructure. Despite these advantages, however, Ukraine's per capita...
Persistent link: https://www.econbiz.de/10005769281
Cover Image
Liberalized Markets Have More Stable Exchange Rates; Short-Run Evidence From Four Transition Countries
Bulir, Ales - International Monetary Fund (IMF) - 2004
liquidity" hypothesis suggests that opening financial markets militates in favor of exchange rate flexibility by increasing the …-Prescott-based values where markets are liberalized. The results suggest that early and successful foreign exchange liberalization pays off …
Persistent link: https://www.econbiz.de/10005599329
Cover Image
Dynamic Depositor Discipline in U.S. Banks
McDill, Kathleen; Maechler, Andrea M. - International Monetary Fund (IMF) - 2003
This paper investigates the presence of depositor discipline in the U.S. banking sector. We test whether depositors penalize (discipline) banks for poor performance by withdrawing their uninsured deposits. While focusing on the movements in uninsured deposits, we also account for the possibility...
Persistent link: https://www.econbiz.de/10005248320
Cover Image
Asset Market Participation, Monetary Policy Rules, and the Great Inflation
Bilbiie, Florin; Straub, Roland - International Monetary Fund (IMF) - 2006
This paper argues that limited asset market participation is crucial in explaining U.S. macroeconomic performance and monetary policy before the 1980s, and their changes thereafter. We develop an otherwise standard sticky-price dynamic stochastic general equilibrium model, which implies that at...
Persistent link: https://www.econbiz.de/10005263711
Cover Image
Structural Reforms in the Euro Area; Economic Impact and Role of Synchronization Across Markets and Countries
Everaert, Luc; Schule, Werner - International Monetary Fund (IMF) - 2006
markets are quantified for both a large and a small euro area economy. When markups in these markets are reduced, there are … transitional costs as they induce a temporary decline in consumption, but raising competition in goods markets can mitigate some of … these costs. Thus, coordinating the timing of reforms across markets is beneficial, and the more so the more open the …
Persistent link: https://www.econbiz.de/10005264078
Cover Image
First; A Market-Based Approach to Evaluate Financial System Risk and Stability
Avesani, Renzo G. - International Monetary Fund (IMF) - 2005
, complex financial institutions (LCFIs) operating in the most advanced financial markets, MRI and CRI have also been applied to …
Persistent link: https://www.econbiz.de/10005264101
Cover Image
Assessing Bank Competition within the East African Community
Sanya, Sarah; Gaertner, Matthew - International Monetary Fund (IMF) - 2012
This paper is an empirical analysis of competitiveness in the banking system of four out of the five East African Community (EAC) countries2. The results show that the degree of competition is low due to a combination of structural and socio-economic factors. By way of preview, the analysis...
Persistent link: https://www.econbiz.de/10009650623
Cover Image
Depositor Behavior and Market Discipline in Colombia
Steiner, Roberto; Barajas, Adolfo - International Monetary Fund (IMF) - 2000
This study examines how depositors choose among different banks and over time in Colombia, focusing on whether they discipline bank behavior. By controlling for a more comprehensive set of risk/return factors, the study improves upon conventional market discipline tests. Panel data estimations...
Persistent link: https://www.econbiz.de/10005825773
Cover Image
Solving for Country Portfolios in Open Economy Macro Models
Devereux, Michael B.; Sutherland, Alan - International Monetary Fund (IMF) - 2007
environments in which markets are complete or incomplete, and it can be used for models of any dimension. Moreover, the …
Persistent link: https://www.econbiz.de/10005826170