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The Convergence Dynamics of a Transition Economy; The Case of the Czech Republic

Bruha, Jan; Podpiera, Jiri; Polák, Stanislav - International Monetary Fund (IMF) - 2007

In this paper we develop a two-country dynamic general equilibrium model by means of which we seek to explain the long-run paths of a converging emerging market economy. We borrow a paradigm from the New Open Economy Macroeconomics literature and amend it to address specific features such as...

Persistent link: https://www.econbiz.de/10005768774

Inflation Dynamics and Monetary Policy Transmission in Vietnam and Emerging Asia

Bhattacharya, Rina - International Monetary Fund (IMF) - 2013

This paper provides an overview of inflation developments in Vietnam in the years following the doi moi reforms, and … uses empirical analysis to answer two key questions: (i) what are the key drivers of inflation in Vietnam, and what role … does monetary policy play? and (ii) why has inflation in Vietnam been persistently higher than in most other emerging …

Persistent link: https://www.econbiz.de/10010790430

Household Vulnerability to Income Shocks in Emerging and Developing Asia: the Case of Cambodia, Nepal and Vietnam

De Stefani, Alessia - 2022

leverage in Vietnam. Occupation and ex-ante income levels emerge as the main drivers of vulnerability. We estimate that the …

Persistent link: https://www.econbiz.de/10015060522

Unpacking Impact of COVID-19 on Vietnamese Firms: Evidence from a Novel Survey

Dabla-Norris, Era - 2022

Using a unique representative panel survey of Vietnamese enterprises in 2020, we find that the pandemic and associated government support package had a heterogenous impact across firms. The government support package, particularly tax cuts and deferrals, helped alleviate short term stress, but...

Persistent link: https://www.econbiz.de/10015060046

The Bank Lending Channel of Monetary Transmission; Does it Work in Turkey?

Brooks, Petya Koeva - International Monetary Fund (IMF) - 2007

Does the bank lending channel of monetary transmission work in Turkey? Using the May- June 2006 financial turbulence as an exogenous shock that prompted a significant tightening of monetary policy, this paper examines the loan supply response of Turkey's banks, depending on their balance sheet...

Persistent link: https://www.econbiz.de/10005248226

The Equilibrium Real Exchange Rate in a Commodity Exporting Country; The Case of Russia

International Monetary Fund (IMF); International … - 2003

Questions about external competitiveness, exchange rate misalignment, and the appropriate exchange rate policy feature prominently in the Russian policy debate. This paper furthers the debate by estimating empirically Russia's equilibrium real exchange rate (ERER)-that is, the rate consistent...

Persistent link: https://www.econbiz.de/10005263852

Bank Efficiency and Market Structure; What Determines Banking Spreads in Armenia?

Floerkemeier, Holger; Dabla-Norris, Era - International Monetary Fund (IMF) - 2007

Despite far-reaching banking sector reforms and a prolonged period of macroeconomic stability and strong economic growth, financial intermediation in Armenia has lagged behind other transition countries, and interest rate spreads have remained higher than in most Central and Eastern European...

Persistent link: https://www.econbiz.de/10005768878

Growth and Recovery in Mongolia During Transition

Cheng, Kevin C. - International Monetary Fund (IMF) - 2003

This paper studies Mongolia's experience of growth and recovery during the first decade of its transition to a market-based system and compares it with those of other transition economies. Mongolia, like most other transition economies, experienced a painful, initial "transformational recession"...

Persistent link: https://www.econbiz.de/10005768886

Corruption, Structural Reforms, and Economic Performance in the Transition Economies

Abed, George T.; Davoodi, Hamid Reza - International Monetary Fund (IMF) - 2000

Recent studies have highlighted the adverse impact of corruption on economic performance. This paper advances the hypothesis that corruption is largely a symptom of underlying weaknesses in public policies and institutions, a formulation that provides deeper insights into economic performance...

Persistent link: https://www.econbiz.de/10005769084

Financial Development in the CIS-7 Countries; Bridging the Great Divide

Nicoló, Gianni De; Geadah, Sami; Rozhkov, Dmitriy - International Monetary Fund (IMF) - 2003

This paper documents the great divide in the level of financial development between the Commonwealth of Independent States (CIS) 7 countries and the more advanced economies in transition, in particular those of Central and Eastern Europe and Baltic states. It discusses the roots of financial...

Persistent link: https://www.econbiz.de/10005769143

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