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Out of the Box Thoughts about the International Financial Architecture
Eichengreen, Barry J. - 2009
The Global Credit Crisis of 2008-09 has underscored the urgency of reforming the international financial architecture. While a number of short-term reforms are already in train, this paper contemplates more ambitious reforms of the international financial architecture that might be implemented...
Persistent link: https://www.econbiz.de/10012677780
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R&D Spillovers and Global Growth
Bayoumi, Tamim - 1996
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10015058362
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Financial Integration and Macroeconomic Volatility
Terrones, Marco; Prasad, Eswar; Kose, M. Ayhan - International Monetary Fund (IMF) - 2003
This paper examines the impact of international financial integration on macroeconomic volatility in a large group of industrial and developing economies over the period 1960-99. We report two major results: First, while the volatility of output growth has, on average, declined in the 1990s...
Persistent link: https://www.econbiz.de/10005263967
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How Do Trade and Financial Integration Affect the Relationship Between Growth and Volatility?
Prasad, Eswar; Terrones, Marco; Kose, M. Ayhan - International Monetary Fund (IMF) - 2005
The influential work of Ramey and Ramey (1995) highlighted an empirical relationship that has now come to be regarded as conventional wisdom-that output volatility and growth are negatively correlated. We reexamine this relationship in the context of globalization-a term typically used to...
Persistent link: https://www.econbiz.de/10005825974
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China's Economic Growth; International Spillovers
Vamvakidis, Athanasios; Arora, Vivek B. - International Monetary Fund (IMF) - 2010
This paper presents some facts on China’s role in the world economy and measures the impact of China’s growth on … growth in the rest of the world in the short and long term. Short-run estimates based on VARs and error-correction models …
Persistent link: https://www.econbiz.de/10008560430
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Investment-Led Growth in China; Global Spillovers
Ahuja, Ashvin; Nabar, Malhar - International Monetary Fund (IMF) - 2012
-led growth and face growing risks from a deceleration in investment in China. This note quantifies potential global spillovers … from an investment slowdown in China. It finds that a one percentage point slowdown in investment in China is associated … vulnerable to an investment slowdown in China. The spillover effects also register strongly across a range of macroeconomic …
Persistent link: https://www.econbiz.de/10011242248
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Growth Surprises and Synchronized Slowdowns in Emerging Markets––An Empirical Investigation
Fayad, Ghada; Perrelli, Roberto - International Monetary Fund (IMF) - 2014
Output growth has slowed in several emerging markets since 2011—a remarkable feature for a non-crisis period in EMs. Such synchronized slowdowns were largely unanticipated by scholars and forecasters alike. In this paper we attempt to shed light on the main drivers of growth surprises and...
Persistent link: https://www.econbiz.de/10011142037
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Policy and Spillover Analysis in the World Economy
Vitek, Francis - 2014
This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national …
Persistent link: https://www.econbiz.de/10012678772
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Elasticity Optimism
Fund, International Monetary - 2009
In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...
Persistent link: https://www.econbiz.de/10012677518
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Domestic Taxes and International Trade : Some Evidence
Syed, Murtaza H - 2006
Persistent link: https://www.econbiz.de/10012690985