Showing 1 - 10 of 1,497
rely solely on the International Monetary Fund (IMF) again, the Chiang Mai Initiative (CMI) was created in 2000. When the … doubled in size to $240 billion, while the IMF de-linked portion was increased to 30%. A surveillance unit, the Association …-developing financial emergency, it is unlikely that the CMIM will be used even as a complement to the IMF. To serve as a stand-alone option …
Persistent link: https://www.econbiz.de/10010397304
powerful Financial Stability Board, and augmenting the financial resources of the IMF. However, the international financial … architecture remains inadequate for the needs of many emerging market economies. The effectiveness of IMF surveillance …
Persistent link: https://www.econbiz.de/10003901587
provide a comprehensive database covering four elements of the GFSN (foreign exchange reserves, IMF financing, central bank …
Persistent link: https://www.econbiz.de/10011565481
This paper develops a quantitative general equilibrium model of sovereign default with heterogeneous agents to account for spillover of default risk across countries. Borrowers (sovereign governments) and foreign lenders (investors) in the model face financial frictions, which endogenously...
Persistent link: https://www.econbiz.de/10013043457
We examine the welfare effects of bailouts in economies exposed to sovereign default risk. When a government of a small open economy requests a bailout from an international financial institution, it receives a non-defaultable loan of size G that comes with imposed debt limits. The government...
Persistent link: https://www.econbiz.de/10012160653
providing for early dialogue between a debtor and its creditors also facilitates private sector involvement. Finally, the IMF … plays a key role in crisis situations, as accurate and timely diagnosis by the IMF helps identify at an early stage the need …
Persistent link: https://www.econbiz.de/10011606184
This paper provides an empirical evaluation of the Flexible Credit Line (FCL), the IMF's prime precautionary lending …
Persistent link: https://www.econbiz.de/10011665227
rely solely on the International Monetary Fund (IMF) again, the Chiang Mai Initiative (CMI) was created in 2000. When the … doubled in size to $240 billion, while the IMF de-linked portion was increased to 30%. A surveillance unit, the Association …-developing financial emergency, it is unlikely that the CMIM will be used even as a complement to the IMF. To serve as a stand-alone option …
Persistent link: https://www.econbiz.de/10009667234
rely solely on the International Monetary Fund (IMF) again, the Chiang Mai Initiative (CMI) was created in 2000. When the … doubled in size to $240 billion, while the IMF de-linked portion was increased to 30%. A surveillance unit, the Association …
Persistent link: https://www.econbiz.de/10013098083
that multilateral institutions and fora such as the IMF and the G20 need to take the initiative to set incentives for …
Persistent link: https://www.econbiz.de/10013069527