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Managing Financial Crises; Recent Experience and Lessons for Latin America
Kincaid, G. Russell; Collyns, Charles - International Monetary Fund (IMF) - 2003
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
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Tonga; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2003
This Selected Issues paper and Statistical Appendix reviews the past conduct of monetary policy of Tonga. The paper considers the problems in the current system and discusses the policy options available to the authorities. It reviews Tonga’s exchange rate policy and explores its...
Persistent link: https://www.econbiz.de/10005825242
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A Framework for Developing Secondary Markets for Government Securities
Ãrvai, Zsófia; Heenan, Geoffrey - International Monetary Fund (IMF) - 2008
This paper consolidates previous work on the development of secondary markets for government securities, and focuses on the sequencing of measures necessary for their development. Six main lessons are identified: (i) a commitment to achieving and maintaining a stable macroeconomic environment,...
Persistent link: https://www.econbiz.de/10005826193
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Market Predictability of ECB Monetary Policy Decisions; A Comparative Examination
Ross, Kevin - International Monetary Fund (IMF) - 2002
Many surveys of the ECB's monetary framework emphasize the inability of financial markets to correctly predict monetary policy decisions. At the same time, these surveys of financial market participants have given relatively high marks to the United States Federal Reserve and the Bank of England...
Persistent link: https://www.econbiz.de/10005826296
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New Zealand; 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2008
New Zealand has experienced a decade-long robust economic expansion, owing to its sound macroeconomic policies and structural reforms, but resource constraints have emerged. Executive Directors welcomed the policy settings, supported by the anticipated evolution of external and global...
Persistent link: https://www.econbiz.de/10011242952
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India; 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for India
International Monetary Fund (IMF); International … - 2011
In this study, economic developments of India are discussed. Growth is among the fastest-growing in the world, social indicators are improving, and medium-term economic prospects are favorable. The Reserve Bank of India’s (RBI) efforts are used to tighten monetary conditions. The measures...
Persistent link: https://www.econbiz.de/10011243216
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Developing Essential Financial Markets in Smaller Economies; Stylized Facts and Policy Options
International Monetary Fund (IMF); International … - 2008
This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....
Persistent link: https://www.econbiz.de/10011245902
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Correlation Structure between Inflation and Oil Futures Returns: An Equilibrium Approach
Casassus, Jaime; Ceballos, Diego - Instituto de Economía, Facultad de Ciencia Económicas … - 2010
that it is a good strategy to use as a hedge, the futures whose maturity is closer to the hedging horizon. This is … particularly true for short-term hedging. …
Persistent link: https://www.econbiz.de/10008642618
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Stock returns and Inflation:Evidence from Quantile Regressions
Alagidede, Paul; Panagiotidis, Theodore - 2012
The relationship between stock returns and inflation is examined for the G7 countries and some positive coefficients in …
Persistent link: https://www.econbiz.de/10010729123
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Is Gold Investment A Hedge against Inflation in Pakistan? A Cointegtaion and Causality Analysis in the Presence of Structural Breaks
Shahbaz, Muhammad; Tahir, Mohammad Iqbal; Ali, Imran - Volkswirtschaftliche Fakultät, … - 2013
community. Numerous studies have examined how investment in gold can be used to hedge against high inflation. The current study … investigates the gold investment as an effective hedge to deal with inflation in case of Pakistan in long run as well as in short … run. In doing so, time series data on gold prices, economic growth and inflation is used for the period 1997 …
Persistent link: https://www.econbiz.de/10011110414