Narrow search
Showing 1 - 10 of 425
Cover Image
The Determinants of Commercial Bank Profitability in Sub-Saharan Africa
Flamini, Valentina - 2009
41 SSA countries to study the determinants of bank profitability. We find that apart from credit risk, higher returns on …Bank profits are high in Sub-Saharan Africa (SSA) compared to other regions. This paper uses a sample of 389 banks in … assets are associated with larger bank size, activity diversification, and private ownership. Bank returns are affected by …
Persistent link: https://www.econbiz.de/10012677708
Cover Image
Oil Prices and Bank Profitability
Hesse, Heiko - 2009
This paper analyzes the relationship between oil price shocks and bank profitability. Using data on 145 banks in 11 oil …-exporting MENA countries for 1994-2008, we test hypotheses of direct and indirect effects of oil price shocks on bank profitability …. Our results indicate that oil price shocks have indirect effect on bank profitability, channeled through country …
Persistent link: https://www.econbiz.de/10012677890
Cover Image
Czech Koruna and Polish Zloty Currency Options; Information Contnent and Eu-Accession Implications
Morales, Armando Méndez - International Monetary Fund (IMF) - 2000
the Czech koruna, reflecting differences in the frequency of central bank intervention in the foreign exchange market. A …
Persistent link: https://www.econbiz.de/10005248136
Cover Image
PPP Strikes Back; Aggregation and the Real Exchange Rate
Mumtaz, Haroon; Imbs, Jean; Ravn, Morten O.; Rey, Helene - International Monetary Fund (IMF) - 2003
We show the importance of a dynamic aggregation bias in accounting for the PPP puzzle. We prove that established time-series and panel methods substantially exaggerate the persistence of real exchange rates because of heterogeneity in the dynamics of disaggregated relative prices. When...
Persistent link: https://www.econbiz.de/10005248142
Cover Image
Do Unit Value Export, Import, and Terms of Trade Indices Represent or Misrepresent Price Indices?
Silver, Mick - International Monetary Fund (IMF) - 2007
Unit value export and import indices compiled from returns to customs authorities are often used as surrogates for price indices in the measurement of inflation transmission, terms of trade (effects), and to deflate import and export value series to derive volume series. Their widespread use is...
Persistent link: https://www.econbiz.de/10005248193
Cover Image
Income Inequality and Redistributive Government Spending
International Monetary Fund (IMF); International … - 2003
The paper examines empirically the question of whether more unequal societies spend more on income redistribution than their more egalitarian counterparts. Theoretical arguments on this issue are inconclusive. The political economy literature suggests that redistributive spending is higher in...
Persistent link: https://www.econbiz.de/10005248211
Cover Image
Target Zones and Forward Rates in a Model with Repeated Realignments
Bodnar, Gordon M.; Bartolini, Leonardo - International Monetary Fund (IMF) - 1992
This paper studies the implications of the imperfect credibility of an exchange rate target zone on the term structure of forward premia. The relationship between spot and forward exchange rates of different maturities reflects the possibility of repeated realignments of the exchange rate band....
Persistent link: https://www.econbiz.de/10005248258
Cover Image
Contagion, Monsoons, and Domestic Turmoil in Indonesia; A Case Study in the Asian Currency Crisis
Saxena, Sweta Chaman; Cerra, Valerie - International Monetary Fund (IMF) - 2000
This paper investigates whether Indonesia’s recent currency crisis was due to domestic fundamentals, common external shocks (“monsoons”), or contagion from neighboring countries. Markov-switching models attribute speculative pressure on Indonesia’s currency to domestic political and...
Persistent link: https://www.econbiz.de/10005248271
Cover Image
International Currencies and Endogenous Enforcement; An Empirical Analysis
Prem, Roohi - International Monetary Fund (IMF) - 1997
This paper investigates the determinants of the international role of a currency. It argues that standard determinants such as monetary performance and financial openness are at best imperfect indicators of a currency’s stability prospects, because the issuer’s promise of stability is not...
Persistent link: https://www.econbiz.de/10005248276
Cover Image
Much Ado About Nothing? Estimating the Impact of a U.S. Slowdownon Thai Growth
Aiyar, Shekhar; Tchakarov, Ivan - International Monetary Fund (IMF) - 2008
External demand was the main driver of growth in Thailand in 2006 and 2007. However, WEO projections indicate moderating foreign demand in 2008, with U.S. growth being revised downwards to reflect the turmoil in housing and credit markets, and high oil prices. While the share of Thai exports to...
Persistent link: https://www.econbiz.de/10005248323