Utz Claassen war mehr als zehn Jahre lang Konzernchef verschiedener Unternehmen. Ihm sind drei große Unternehmenssanierungen gelungen. Derzeit ist der gefragte Topmanager Unternehmensberater und Unternehmer, Aufsichtsratsmitglied und Wissenschaftler, Autor und Publizist. Er unterrichtet an der...

An asset and liability management framework for managing risks arising from sovereign foreign exchange obligations requires a joint analysis of (i) the external financial liabilities resulting from a country's sovereign debt and (ii) the foreign exchange assets of its central bank. Governments...

The Article IV Consultation highlights the financial system risks that have increased reflecting both the global financial market turbulence and continued rapid credit growth in Hungary. With most new borrowing in foreign currency, the private sector’s net foreign currency liabilities...

This Selected Issues paper evaluates the size of fiscal multipliers in Korea using the IMF’s Global Integrated Monetary and Fiscal model calibrated for Korea. The sensitivity of the results to a number of key factors is explored. Based on this, the impact of the recent fiscal stimulus...