Showing 151 - 160 of 280,794
This paper reviews the economics of trade policy in financial services, highlighting differences between trade across borders and through commercial presence. Trade liberalization could complement other financial reforms by enhancing the efficiency, quality, and variety of financial services and...
Persistent link: https://www.econbiz.de/10005599696
This paper discusses the arrangement under the Flexible Credit Line (FCL) for Mexico. Mexico has achieved a high level of credibility in the institutional framework supporting macroeconomic policy formulation, and has a sustained a track record of implementing strong policies. Liquidity...
Persistent link: https://www.econbiz.de/10011244102
This paper constructs new indicators of liquidity for equity, bond and money markets in major advanced and emerging … indicators appear to be important determinants of bond spreads in advanced economies and EMBI spreads in emerging markets. Third …
Persistent link: https://www.econbiz.de/10005826494
The expansion of the global mutual funds industry has been characterized by growth in mature as well as emerging markets. This has clearly contributed to the development of local securities markets in emerging market economies, which in turn, has been key in attracting investment inflows from...
Persistent link: https://www.econbiz.de/10005825920
The staff report for the 2003 Article IV Consultation on Kuwait highlights the economic developments and policies. The macroeconomic position over the medium term under current oil price expectations and the maintenance of a cautious policy stance is projected to weaken, but is not expected to...
Persistent link: https://www.econbiz.de/10005824939
bond. This reflects the combined effect of the 1980s debt crisis and much higher returns during 1989-2000. Annual returns … high-yield bonds. However, unlike returns on these bonds, emerging market debt returns do not seem significantly correlated …
Persistent link: https://www.econbiz.de/10005264003
The Global Financial Stability Map was developed as a tool to interpret the risks and conditions that impact financial stability in a graphical manner. It complements other existing tools for assessing financial stability, and seeks to overcome some of the drawbacks of earlier approaches. This...
Persistent link: https://www.econbiz.de/10008542981
compressed sovereign bond yields. This paper examines the evidence from the perspective of economists' vulnerability analysis and … markets' pricing of sovereign bonds. It finds that spread are lower than can be explained by "fundamentals" and speculates on …
Persistent link: https://www.econbiz.de/10005599415
Many countries have moved towards more flexible exchange rate regimes over the last decade to take advantage of greater monetary policy autonomy and flexibility in responding to external shocks. Some reluctance to let go of pegged exchange rates persists, however, despite the benefits of...
Persistent link: https://www.econbiz.de/10005767365
This note summarizes the stress tests undertaken for the German banking system as part of the Financial Sector Assessment Program (FSAP) update. Solvency tests for the German banking system assessed medium-term vulnerabilities under two adverse macroeconomic scenarios. The tests considered a...
Persistent link: https://www.econbiz.de/10011242747