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Kletzer, Kenneth; Eichengreen, Barry J.; Mody, Ashoka - International Monetary Fund (IMF) - 2003

of collective action clauses (CACs) in international bonds. This decision was shaped partly by Mexico's successful launch … of a bond subject to New York law but featuring CACs, and by subsequent issues with similar provisions from other … the future. It asks whether we can expect to see additional issuance by emerging markets of bonds featuring CACs, whether …

Persistent link: https://www.econbiz.de/10005599331

Singapore; 2003 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2004

The economic downturns and an ongoing industrial restructuring toward capital-intensive sectors, such as chemical and pharmaceuticals, have contributed to rising unemployment. With the economic recovery continuing to gain momentum, the near-term outlook has improved. With broad agreement on the...

Persistent link: https://www.econbiz.de/10005768513

Cyprus; Financial Sector Assessment Program Update: Technical Note: Measuring Banking Stability in Cyprus

International Monetary Fund (IMF); International … - 2009

Various indicators place Cyprusâ€™s banking system soundness ahead of emerging countries but behind advanced economies. This report discusses financial sector stability in Cyprus, using a combination of accounting-based and market-based indicators, and stress tests. Cypriot commercial banks...

Persistent link: https://www.econbiz.de/10011245527

Financial Stability Reports:What Are they Good for?

Muñoz, Sònia; Jahjah, Samir; Cihák, Martin; … - International Monetary Fund (IMF) - 2012

The global financial crisis has renewed policymakers' interest in improving the policy framework for financial stability, and an open question is to what extent and in what form should financial stability reports be part of it. We examine the recent experience with central banks' financial...

Persistent link: https://www.econbiz.de/10009401194

Financial Reform; What Shakes it? What Shapes it?

Mody, Ashoka; Abiad, Abdul - International Monetary Fund (IMF) - 2003

Despite stops, gaps, and reversals, financial reforms advanced worldwide in the last quarter century. Using a new index of financial liberalization, we conclude that influential events shook the status quo, inducing both reforms and reversals, while learning, more so than ideology and country...

Persistent link: https://www.econbiz.de/10005826625

Local Currency Debt Markets in the West African Economic and Monetary Union

Sy, Amadou N. R. - International Monetary Fund (IMF) - 2007

The paper reviews trends and developments in the rapidly growing local currency debt markets in the WAEMU. The main findings are that common institutions, such as a regional central bank and securities exchange have led to high cross-border transactions within the union. However, excess...

Persistent link: https://www.econbiz.de/10005599558

Five Years After; European Union Membership and Macro-Financial Stability in the New Member States

Cihák, Martin; Fonteyne, Wim - International Monetary Fund (IMF) - 2009

The proximity of the European Union, the prospect of membership, and actual entry by the New Member States (NMS) increased economic and financial integration in the region, leading to fast economic growth based on sizeable capital inflows. EU membership helped in developing sound macroeconomic...

Persistent link: https://www.econbiz.de/10005825949

India; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2003

This paper discusses the intermediation of financial saving in India and the implications for growth. Recent studies linking financial sector development and growth in India are reviewed. The following statistical data are also provided: employment and labor statistics, agricultural production...

Persistent link: https://www.econbiz.de/10005768454

Pakistan; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Ban...

International Monetary Fund (IMF); International … - 2004

This paper evaluates Pakistanâ€™s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Securities Regulation. Major reforms in the financial sector have resulted in a more...

Persistent link: https://www.econbiz.de/10005591371

Foreign Direct Investment and Structural Reforms; Evidence From Eastern Europe and Latin America

Kinoshita, Yuko; Campos, Nauro F. - International Monetary Fund (IMF) - 2008

This paper investigates the role of structural reforms -financial reforms, trade liberalization, and privatization- as determinants of FDI inflows based on newly constructed dataset on structural reforms for 19 Latin American and 25 Eastern European countries between 1989 and 2004. Our main...

Persistent link: https://www.econbiz.de/10005826274