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Limits of Market-Based Risk Transfer and Implications for Managing Systemic Risks.

Kim, Yoon Sook - 2006

Intro -- Contents -- Executive Summary -- I. INTRODUCTION -- II. LONG- TERM SYSTEMIC RISKS -- III. INNOVATIONS IN RISK TRANSFER MARKETS -- IV. INCOMPLETE MARKETS -- V. POLICY CONSIDERATIONS -- VI. CONCLUSIONS -- References.

Persistent link: https://www.econbiz.de/10012691045

Pension Reform and Macroeconomic Stability in Latin America

Roldos, Jorge - International Monetary Fund (IMF) - 2007

investment alternatives has distorted asset prices. Countries have gradually liberalized investments abroad, but remain wary of …

Persistent link: https://www.econbiz.de/10005248326

Regional Integration of Stock Exchanges in Eastern and Southern Africa; Progress and Prospects

Irving, Jacqueline - International Monetary Fund (IMF) - 2005

This paper assesses whether regional cooperation and integration of stock exchanges in eastern and southern Africa could offer a way of overcoming impediments to the exchanges' development. The paper concludes that regional cooperation and, at a later stage, integration, if carried out at the...

Persistent link: https://www.econbiz.de/10005263689

What Drives Stock Market Development in the Middle East and Central Asia; Institutions, Remittances, or Natural Resources?

Billmeier, Andreas; Massa, Isabella - International Monetary Fund (IMF) - 2007

In this paper, we assess the macroeconomic determinants of stock market capitalization in a panel of 17 countries in the Middle East and Central Asia, including both hydrocarbon-rich countries and economies without sizeable natural resource wealth. In addition to traditional variables, we...

Persistent link: https://www.econbiz.de/10005263892

Assessing and Managing Rapid Credit Growth and the Role of Supervisory and Prudential Policies

Pazarbasioglu, Ceyla; Johnsen, Gudrun; Hilbers, Paul … - International Monetary Fund (IMF) - 2005

This paper reviews trends in bank lending to the private sector, with a particular focus on Central and Eastern European countries, and finds that rapid growth of private sector credit continues to be a key challenge for most of these countries. The paper discusses possible implications for...

Persistent link: https://www.econbiz.de/10005263910

High and Volatile Treasury Yields in Tanzania; The Role of Strategic Bidding and Auction Microstructure

Sobolev, Yuri Vladimirovich; Abbas, S. M. Ali - International Monetary Fund (IMF) - 2008

The observed increase in the level and volatility of Tanzania's Treasury yields in recent years against an otherwise benign macroeconomic backdrop presented a puzzle for policymakers, while raising concerns about the fiscal burden of rising debt interest payments and diversion of bank credit...

Persistent link: https://www.econbiz.de/10005264088

The Capital Markets of Emerging Europe; Institutions, Instruments and Investors

Ong, Li L.; Iorgova, Silvia - International Monetary Fund (IMF) - 2008

Emerging European countries have made large strides in developing their local capital markets since the early-1990s. However, the rate of development has been widely disparate across countries and market segments, underpinned by the varying degrees of progress made in key areas such as...

Persistent link: https://www.econbiz.de/10005264095

Inflation Targeting and Monetary Policy Transmission Mechanisms in Emerging Market Economies

Mukherjee, Sanchita; Bhattacharya, Rina - International Monetary Fund (IMF) - 2011

empirical results suggest that private consumption and investment in both groups of countries are sensitive to movements in real … channel in IT EMEs. Also, the interest rate elasticities of private consumption and private investment vary with the level of … and private investment in the two groups of countries. …

Persistent link: https://www.econbiz.de/10009327866

Financial Stability Reports:What Are they Good for?

Muñoz, Sònia; Jahjah, Samir; Cihák, Martin; … - International Monetary Fund (IMF) - 2012

The global financial crisis has renewed policymakers' interest in improving the policy framework for financial stability, and an open question is to what extent and in what form should financial stability reports be part of it. We examine the recent experience with central banks' financial...

Persistent link: https://www.econbiz.de/10009401194

Risk Sharing and Financial Contagion in Asia; An Asset Price Perspective

Rungcharoenkitkul, Phurichai - International Monetary Fund (IMF) - 2011

This paper assesses financial integration in Asia in terms of risk-sharing benefit versus financial-contagion cost. We construct a new measure of risk sharing based on a term structure model, which allows identification of realized stochastic discount factors. Risk sharing is low in Asia, and...

Persistent link: https://www.econbiz.de/10009369441

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