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International Monetary Fund (IMF); International … - 2009

Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and …

Persistent link: https://www.econbiz.de/10008528670

Issues in Managing and Sequencing Financial Sector Reforms Lessons From Experiences in Five Developing Countries

International Monetary Fund (IMF); International … - 1992

A review of the experience of five developing countries in reforming their financial systems illustrates the benefits and risks, and provides lessons on the factors which contribute to successful financial sector reforms. Financial sector reforms need to be supported by active monetary policy,...

Persistent link: https://www.econbiz.de/10005825950

Financial Globalization; A Reappraisal

Kose, M. Ayhan; Prasad, Eswar; Rogoff, Kenneth; Wei, … - International Monetary Fund (IMF) - 2006

The literature on the benefits and costs of financial globalization for developing countries has exploded in recent years, but along many disparate channels and with a variety of apparently conflicting results. For instance, there is still little robust evidence of the growth benefits of broad...

Persistent link: https://www.econbiz.de/10005263828

Country Insurance; The Role of Domestic Policies

Mauro, Paolo; Becker, Törbjörn I.; Ostry, Jonathan David - International Monetary Fund (IMF) - 2007

Persistent link: https://www.econbiz.de/10005590904

Equity Prices, Credit Default Swaps, and Bond Spreads in Emerging Markets

Chan-Lau, Jorge A.; Kim, Yoon Sook - International Monetary Fund (IMF) - 2004

This paper examines equilibrium price relationships and price discovery between credit defaul swap (CDS), bond, and … equity markets for emerging market sovereign issuers. Findings suggest that CDS and bond spreads converge despite various … bond and CDS markets and the equity markets. As for price discovery, our results are mixed. This stands in contrast to the …

Persistent link: https://www.econbiz.de/10005605007

Japan; Selected Issues

International Monetary Fund (IMF); International … - 2007

This Selected Issues paper examines the factors behind the recent surge in capital flows in Japan. The paper presents econometric evidence on the influence of these capital flows on the medium-term dynamics of the yen. It finds that in the case of the yenâ€“dollar rate, nontrade factors...

Persistent link: https://www.econbiz.de/10011242806

The IMF in a World of Private Capital Markets

Mody, Ashoka; Eichengreen, Barry J.; Kletzer, Kenneth - International Monetary Fund (IMF) - 2005

, repeat borrowing has little influence in bond markets, where publicly available information dominates. But spreads on bonds … positive information to bondholders. The influence of IMF monitoring in bond markets is especially pronounced for countries … emergency finance. In analyzing its role we contrast cases where banks and bondholders do the lending. Banks have a natural …

Persistent link: https://www.econbiz.de/10005264065

Tanzania; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Banking Supervision

International Monetary Fund (IMF); International … - 2003

The staff report summarizes the financial sector issues of Tanzania. It assesses the overall stability and development issues, and provides an overview of the financial system highlighting its soundness and vulnerabilities. It analyzes risk management, regulation and supervision, and the...

Persistent link: https://www.econbiz.de/10005591619

Quality of Financial Policies and Financial System Stress

Das, Udaibir S.; Yossifov, Plamen; Podpiera, Richard; … - International Monetary Fund (IMF) - 2005

In this paper, we develop multi-country indices of financial system stress and quality of financial policies and use them in regression analysis of the determinants of financial stress. We find that countries with higher quality of financial policies are better able to contain the effects of...

Persistent link: https://www.econbiz.de/10005599559

The United States; Spillover Report: 2011 Article IV Consultation

International Monetary Fund (IMF); International … - 2011

The size of the U.S. economy and, in particular, the global dominance of its financial markets creates uniquely large policy spillovers. Concerns that the end of QE2 could lead to a rapid reversal of emerging market capital flows appear overblown. A credible plan for a gradual U.S. fiscal...

Persistent link: https://www.econbiz.de/10011243769