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An Anatomy of Corporate Bond Markets; Growing Pains and Knowledge Gains
Luengnaruemitchai, Pipat; Ong, Li L. - International Monetary Fund (IMF) - 2005
improving the breadth and depth of corporate debt markets. The demand and supply of corporate bonds are dependent on factors …
Persistent link: https://www.econbiz.de/10005264116
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Short-Run Pain, Long-Run Gain; The Effects of Financial Liberalization
Schmukler, Sergio L.; Kaminsky, Graciela Laura - International Monetary Fund (IMF) - 2003
We examine the short- and long-run effects of financial liberalization on capital markets. To do so, we construct a new comprehensive chronology of financial liberalization in 28 mature and emerging market economies since 1973. We also construct an algorithm to identify booms and busts in stock...
Persistent link: https://www.econbiz.de/10005826221
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Understanding the Growth of African Financial Markets
Andrianaivo, Mihasonirina; Yartey, Charles Amo - International Monetary Fund (IMF) - 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/10008528658
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Financial Development in Emerging Europe; The Unfinished Agenda
Zoli, Edda - International Monetary Fund (IMF) - 2007
This paper assesses the status of financial development in Emerging Europe, analyzes the factors that have shaped it, and discusses policy priorities. Financial development has progressed to varying degrees across the region. Macroeconomic stability and institutional quality have been important...
Persistent link: https://www.econbiz.de/10005605312
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Interest Rate Volatility and Risk in Indian Banking
International Monetary Fund (IMF); International … - 2004
The easing of controls on interest rates has led to higher interest rate volatility in India. Hence, there is a need to measure and monitor the interest rate exposure of Indian banks. Using publicly available information, this paper attempts to assess the interest rate risk carried by a sample...
Persistent link: https://www.econbiz.de/10005825648
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Issues in Managing and Sequencing Financial Sector Reforms Lessons From Experiences in Five Developing Countries
International Monetary Fund (IMF); International … - 1992
system of prudential regulation is an essential element of successful financial sector reform. …
Persistent link: https://www.econbiz.de/10005825950
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Banking Spreads in Latin America
Gelos, Gaston - International Monetary Fund (IMF) - 2006
intermediation, such as inflation and bank profit taxation. …
Persistent link: https://www.econbiz.de/10005769198
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Interest Rate Liberalization in China
International Monetary Fund (IMF); International … - 2009
What might interest rate liberalization do to intermediation and the cost of capital in China? China's most binding interest rate control is a ceiling on the deposit rate, although lending rates are also regulated. Through case studies and model-based simulations, we find that liberalization...
Persistent link: https://www.econbiz.de/10008528666
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Financial Liberalization, Bank Market Structure, and Financial Deepening; An Interest Margin Analysis
Sarr, Abdourahmane - International Monetary Fund (IMF) - 2000
The paper shows that commercial banks’ ability to lower deposit interest rates (market power) can increase deposit mobilization. Interest expenses saved can subsidize and lower fees on checking and branching services and thus help attract deposits. United States data illustrates the financial...
Persistent link: https://www.econbiz.de/10005605142
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Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten
Reinhart, Carmen; Rogoff, Kenneth - International Monetary Fund (IMF) - 2013
toolkit of emerging markets, including debt restructurings and conversions, higher inflation, capital controls and other forms … economies, where debt restructuring or conversions, financial Repression, and a tolerance for higher inflation, or a combination … current phase of the official policy approach is predicated on the assumption that debt sustainability can be achieved through …
Persistent link: https://www.econbiz.de/10010790367