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Cyprus; Financial Sector Assessment Program Update: Technical Note: Measuring Banking Stability in Cyprus
International Monetary Fund (IMF); International … - 2009
Various indicators place Cyprus’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
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Government Debt; A Key Role in Financial Intermediation
Kumhof, Michael; Tanner, Evan - International Monetary Fund (IMF) - 2005
The literature on optimal fiscal policy finds that highly volatile real returns on government debt, for example through surprise inflation, have very low costs. However, policymakers are almost always very apprehensive of this option. The paper discusses evidence concerning features of...
Persistent link: https://www.econbiz.de/10005826435
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Financial Stability in Dollarized Economies
Gulde, Anne Marie; Hoelscher, David S.; Ize, Alain; … - International Monetary Fund (IMF) - 2004
This paper addresses the challenges to prudential supervision in highly dollarized economies, where central banks and supervisors may be constrained in the use of standard money and financial policy tools. The study’s conclusions are the basis of an ongoing policy dialogue with IMF member...
Persistent link: https://www.econbiz.de/10005824860
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Consequences of Asset Shortages in Emerging Markets
Imam, Patrick A.; Chen, Jiaqian - International Monetary Fund (IMF) - 2012
We assess econometrically the impact of asset shortages on economic growth, asset bubbles, the probability of a crisis, and the current account for a group of 41 Emerging markets for 1995-2008. The econometric estimations confirm that asset shortages pose a serious danger to EMs in terms of...
Persistent link: https://www.econbiz.de/10010790419
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Private Information, Capital Flows, and Exchange Rates
Gyntelberg, Jacob; Tientip, Subhanij; Loretan, Mico - International Monetary Fund (IMF) - 2012
, whereas capital flows induced by foreign investors’ transactions in government bond markets do not. We relate these … investors in the stock, bond, and onshore FX markets of Thailand. …
Persistent link: https://www.econbiz.de/10011142101
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On the Determinants of First-Time Sovereign Bond Issues
Grigorian, David A. - International Monetary Fund (IMF) - 2003
bonds has increased substantially. For these countries, capital market access meant a de facto acknowledgement of their … bond issuances and derives the relationship between internal and external factors and market access using a simple macro … bonds in question. Regression results based on this model offer some insights into peculiarities of first-time sovereign …
Persistent link: https://www.econbiz.de/10005263917
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Mexico; 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2009
The staff report on Mexico’s 2008 Article IV Consultation focuses on economic and financial sector implications of the global crisis. Inflation has been anchored in a low range, and public and private balance sheets have been substantially strengthened. Most importantly, public external...
Persistent link: https://www.econbiz.de/10011242960
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Characterizing Global Investors' Risk Appetite for Emerging Market Debt During Financial Crises
González-Hermosillo, Brenda; Martin, Vance; Dungey, Mardi - International Monetary Fund (IMF) - 2003
The effects of unanticipated movements in global risk on nine emerging bond markets are investigated. The components of … historical decomposition of bond spreads is used to identify the relative contributions of risk during 1998-99. The empirical …
Persistent link: https://www.econbiz.de/10005768985
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Impact of the Global Crisison Banking Sector Soundness in Asian Low-Income Countries
International Monetary Fund (IMF); International … - 2011
The paper takes stock of the impact of the global financial crisis that began in late 2007 on banking sectors of Asian low-income countries, by exploring bank-level data provided by Bankscope. The paper examines three key channels of possible crisis spillovers: exposures to (i) valuation changes...
Persistent link: https://www.econbiz.de/10009147328
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A New Database of Financial Reforms
Detragiache, Enrica; Abiad, Abdul; Tressel, Thierry - International Monetary Fund (IMF) - 2008
This paper introduces a new database of financial reforms, covering 91 economies over 1973–2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an index of financial reform. It also compares the database with other measures of...
Persistent link: https://www.econbiz.de/10005604989