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Procyclical Behavior of Institutional Investors During the Recent Financial Crisis; Causes, Impacts, and Challenges
Papaioannou, Michael G; Park, Joonkyu; Pihlman, Jukka; … - International Monetary Fund (IMF) - 2013
This paper (i) provides evidence on the procyclical investment behavior of major institutional investors during the global financial crisis; (ii) identifies the main factors that could account for such behavior; (iii) discusses the implications of procyclical behavior; and (iv) proposes a...
Persistent link: https://www.econbiz.de/10011242388
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Unforeseen Events Wait Lurking; Estimating Policy Spillovers From U.S. to Foreign Asset Prices
Bayoumi, Tamim; Bui, Trung - International Monetary Fund (IMF) - 2011
Event studies are used to analyze the impact of U.S. financial, fiscal, and monetary policies from US to foreign asset prices across a range of G20 countries and Switzerland. The initial announcement that the Administration supported tighter regulation of banks led to a generalized fall in...
Persistent link: https://www.econbiz.de/10009203538
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Pension Reform and Macroeconomic Stability in Latin America
Roldos, Jorge - International Monetary Fund (IMF) - 2007
and fiscal sustainability. Concentration of pension fund portfolios in government bonds remains high, and the lack of new …
Persistent link: https://www.econbiz.de/10005248326
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Sub-Saharan Africa's Integration in the Global Financial Markets
Deléchat, Corinne; Wakeman-Linn, John; Wagh, Smita; … - International Monetary Fund (IMF) - 2009
The paper uses a unique database covering 44 countries in sub-Saharan Africa (SSA) countries between 2000 and 2007 to study the determinants of the allocation and composition of flows across countries, as well as channels through which private capital flows could affect growth. In our sample,...
Persistent link: https://www.econbiz.de/10008528679
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Moral Hazard and International Crisis Lending: A Test
Dell'Ariccia, Giovanni; Zettelmeyer, Jeromin; Schnabel, … - International Monetary Fund (IMF) - 2002
of sovereign bond spreads in emerging markets before and after the Russian crisis. The nonbailout of Russia in August …
Persistent link: https://www.econbiz.de/10005263951
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Republic of Korea; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transpar...
International Monetary Fund (IMF); International … - 2003
This paper presents key finding of the Financial System Stability Assessment for the Republic of Korea, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, Corporate...
Persistent link: https://www.econbiz.de/10005591412
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Peru; Second Review Under the Stand-By Arrangement: Staff Report; Staff Statement; Press Release News Brief on the Executive Board Discussion; and Statement by the Executive Direct...
International Monetary Fund (IMF); International … - 2008
Peru’s macroeconomic policies continue to be strong under the Stand-By Arrangement (SBA). Executive Directors appreciated the implementation of policies to entrench macroeconomic stability, lower poverty, and lessen vulnerabilities, and also emphasized the need to maintain a prudent...
Persistent link: https://www.econbiz.de/10011243884
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United Kingdom; Financial Sector Assessment Program Technical Notes and Detailed Standards Assessments
International Monetary Fund (IMF); International … - 2003
This technical note reviews the Financial Sector Assessment Program of the United Kingdom. It examines the United Kingdom’s public debt management practices using the IMF-World Bank Guidelines for Public Debt Management as a framework. It analyzes the government’s Code for Fiscal...
Persistent link: https://www.econbiz.de/10005599101
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Banks and Monetary Shocks in Emerging Markets; How Far Can We Go with the "Credit View"?
Catão, Luis; Rodriguez, Sergio L. - International Monetary Fund (IMF) - 2000
This paper examines the propagation of monetary shocks in a two-good optimizing macromodel where domestic banking activity is costly and the non-tradable sector is highly dependent on domestic bank credit, as in most emerging market economies. The model develops the Bernanke-Blinder “credit...
Persistent link: https://www.econbiz.de/10005599219
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Financial Linkages Between the U.S. and Latin Amercia; Evidence From Daily Data
Ganguly, Srideep; Benelli, Roberto - International Monetary Fund (IMF) - 2007
external bond markets in Latin America remained on a trend of weakening linkages with U.S. corporate bonds, while they … originating in the U.S. stock, bond, and currency markets. After documenting that cross-country linkages were different in … increased their sensitivity to movements in other emerging market bond markets. …
Persistent link: https://www.econbiz.de/10005605433