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From Crisis to Recovery in Korea; Strategy, Achievements, and Lessons
Kang, Kenneth; Liang, Hong; Ma, Henry; Richards, Anthony J. - International Monetary Fund (IMF) - 2001
This paper reviews and draws lessons from the stabilization and reform program that Korea implemented in response to the 1997-98 crisis. The economy recovered quickly from the deep recession in 1998 and its vulnerability to a balance of payments crisis has been reduced sharply. Significant...
Persistent link: https://www.econbiz.de/10005825786
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Unforeseen Events Wait Lurking; Estimating Policy Spillovers From U.S. to Foreign Asset Prices
Bayoumi, Tamim; Bui, Trung - International Monetary Fund (IMF) - 2011
Event studies are used to analyze the impact of U.S. financial, fiscal, and monetary policies from US to foreign asset prices across a range of G20 countries and Switzerland. The initial announcement that the Administration supported tighter regulation of banks led to a generalized fall in...
Persistent link: https://www.econbiz.de/10009203538
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Brazil’s Capital Market; Current Status and Issues for Further Development
International Monetary Fund (IMF); International … - 2012
markets are still facing a number of challenges including prevalent short-term indexation, investors’ risk aversion to long …
Persistent link: https://www.econbiz.de/10011242406
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India; 2009 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for India
International Monetary Fund (IMF); International … - 2010
and monetary easing, combined with the fiscal stimulus already in the pipeline and the return of risk appetite in …
Persistent link: https://www.econbiz.de/10011242782
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India; 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for India
International Monetary Fund (IMF); International … - 2009
India’s financial system compares favorably internationally, but rising credit risk and liquidity pressures are …
Persistent link: https://www.econbiz.de/10011244299
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Taxing Financial Transactions; Issues and Evidence
Matheson, Thornton - International Monetary Fund (IMF) - 2011
excesses. This paper reviews existing theory and evidence on the efficacy of an FTT in fulfilling those tasks, on its potential …
Persistent link: https://www.econbiz.de/10008876594
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The Development of Local Debt Markets in Asia
Goswami, Mangal; Sharma, Sunil - International Monetary Fund (IMF) - 2011
The paper makes an assessment of the progress made in developing local debt markets in emerging Asia. Market development has been limited by hurdles confronting borrowers and lenders, current and potential liquidity providers, and insufficient support from government policies and regulations....
Persistent link: https://www.econbiz.de/10009151210
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The Derivatives Market in South Africa; Lessons for Sub-Saharan African Countries
Adelegan, Olatundun Janet - International Monetary Fund (IMF) - 2009
, supporting capital inflows and helping market participants to price, unbundle and transfer risk. There are tight regulations on … asset allocations by insurance and pension funds to prevent excessive risk taking. The development of derivatives markets in …. Theiroverdependence on bank credit as a source of funding could be reduced and their management of seasonal risk could be improved through …
Persistent link: https://www.econbiz.de/10008528705
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Managerial Incentives and Financial Contagion
Chakravorti, Sujit; Lall, Subir - International Monetary Fund (IMF) - 2004
This paper proposes a framework for comovements of asset prices with seemingly unrelated fundamentals, as an outcome of optimal portfolio strategies by fund managers. In emerging markets, dedicated managers outperforming a benchmark index and global managers maximizing absolute returns lead to...
Persistent link: https://www.econbiz.de/10005769103
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Foreign Participation in Emerging Markets’ Local Currency Bond Markets
Peiris, Shanaka J. - International Monetary Fund (IMF) - 2010
This paper estimates the impact of foreign participation in determining long-term local currency government bond yields and volatility in a group of emerging markets from 2000-2009. The results of a panel data analysis of 10 emerging markets show that greater foreign participation in the...
Persistent link: https://www.econbiz.de/10008470377