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Growth at risk : concept and application in IMF country surveillance
Prasad, Ananthakrishnan; Elekdaǧ, Selim Ali; Jeasakul, … - 2019
The growth-at-risk (GaR) framework links current macrofinancial conditions to the distribution of future growth. Its main strength is its ability to assess the entire distribution of future GDP growth (in contrast to point forecasts), quantify macrofinancial risks in terms of growth, and monitor...
Persistent link: https://www.econbiz.de/10012009373
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The Role of IMF Support in Crisis Prevention
Ramakrishnan, Uma - 2006
This paper examines the role of IMF-supported programs in crisis prevention; specifically, whether, conditional on an episode of intense market pressures, IMF financial support helps prevent a capital account crisis from developing and, if so, through what channels. In doing so, the paper...
Persistent link: https://www.econbiz.de/10014402294
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On the Viability of Conditional Assistance Programs
Mayer, Wolfgang - 2005
Economic adjustment and reform programs, including those supported by international financial institutions (IFIs), must cope with informational asymmetries and special interest politics. This presents a particularly serious issue when IFIs make structural economic reforms a condition for...
Persistent link: https://www.econbiz.de/10014400737
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IMF lending in an interconnected world
Poulain, Jean-Guillaume; Reynaud, Julien - 2017
We analyze the determinants of IMF lending since the early nineties, a period during which the roles of financial cycles and interconnectedness as amplifiers and transmitters of economic crises have gained prominence. First, we show that the global financial cycle is an important driver of IMF...
Persistent link: https://www.econbiz.de/10011705040
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Facing the global financial cycle : what role for policy responses?
Batini, Nicoletta; Durand, Luigi - 2021
Abstract In this paper we ask whether countries can influence their exposure to changes in global financial conditions. Specifically, we show that even though we can model cross-country capital flows via a global factor that closely tracks changes in global financial conditions, there is a large...
Persistent link: https://www.econbiz.de/10012518283
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The global macrofinancial model
Vitek, Francis - 2018
Macrofinancial Model (GFM). This dynamic stochastic general equilibrium model of the world economy, disaggregated into forty national …
Persistent link: https://www.econbiz.de/10011848258
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The impact of the global financial crisis on banking globalization
Claessens, Stijn; Horen, Neeltje van - 2014
Persistent link: https://www.econbiz.de/10010441940
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Financial Globalization : A Reappraisal
Kose, M. Ayhan - 2006
The literature on the benefits and costs of financial globalization for developing countries has exploded in recent … macroeconomic effects of financial globalization, in terms of both growth and volatility. Overall, our critical reading of the … financial globalization, but with many nuances. On the other hand, there is little systematic evidence to support widely cited …
Persistent link: https://www.econbiz.de/10014401981
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Global Imbalances and Financial Stability
Xafa, Miranda - 2007
natural consequence of economic and financial globalization. In terms of their policy implications, the traditional view …
Persistent link: https://www.econbiz.de/10014399530
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Global Risks and Collective Action Failures : What Can the International Community Do?
Otker-Robe, Inci - 2014
Abstract What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are all examples of global risks that can cross geographical and generational boundaries and whose mismanagement can reverse gains in development and jeopardize the well-being of...
Persistent link: https://www.econbiz.de/10014411688