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Developing Essential Financial Markets in Smaller Economies; Stylized Facts and Policy Options

International Monetary Fund (IMF); International … - 2008

This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....

Persistent link: https://www.econbiz.de/10011245902

Capital Market Integration; Progress Ahead of the East African Community Monetary Union

Yabara, Masafumi - International Monetary Fund (IMF) - 2012

currency bond issuance by multilateral financial institutions; and (iv) build the capacity of the existing regional …

Persistent link: https://www.econbiz.de/10009650621

Foreign Participation in Emerging Marketsâ€™ Local Currency Bond Markets

Peiris, Shanaka J. - International Monetary Fund (IMF) - 2010

This paper estimates the impact of foreign participation in determining long-term local currency government bond yields … show that greater foreign participation in the domestic government bond market tends to significantly reduce long …-term government yields. Moreover, greater foreign participation does not necessarily result in increased volatility in bond yields in …

Persistent link: https://www.econbiz.de/10008470377

From Crisis to Recovery in Korea; Strategy, Achievements, and Lessons

Kang, Kenneth; Liang, Hong; Ma, Henry; Richards, Anthony J. - International Monetary Fund (IMF) - 2001

This paper reviews and draws lessons from the stabilization and reform program that Korea implemented in response to the 1997-98 crisis. The economy recovered quickly from the deep recession in 1998 and its vulnerability to a balance of payments crisis has been reduced sharply. Significant...

Persistent link: https://www.econbiz.de/10005825786

India; 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for India

International Monetary Fund (IMF); International … - 2009

Indiaâ€™s financial system compares favorably internationally, but rising credit risk and liquidity pressures are putting it under strain. The staff report for Indiaâ€™s 2008 Article IV Consultation discusses economic developments and policies. The authorities have already taken...

Persistent link: https://www.econbiz.de/10011244299

Regional Integration of Stock Exchanges in Eastern and Southern Africa; Progress and Prospects

Irving, Jacqueline - International Monetary Fund (IMF) - 2005

This paper assesses whether regional cooperation and integration of stock exchanges in eastern and southern Africa could offer a way of overcoming impediments to the exchanges' development. The paper concludes that regional cooperation and, at a later stage, integration, if carried out at the...

Persistent link: https://www.econbiz.de/10005263689

Financial Development in Emerging Europe; The Unfinished Agenda

Zoli, Edda - International Monetary Fund (IMF) - 2007

This paper assesses the status of financial development in Emerging Europe, analyzes the factors that have shaped it, and discusses policy priorities. Financial development has progressed to varying degrees across the region. Macroeconomic stability and institutional quality have been important...

Persistent link: https://www.econbiz.de/10005605312

Singapore; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Regulation, Sec...

International Monetary Fund (IMF); International … - 2004

Singaporeâ€™s financial sector, which is dominated by the banking sector, remains robust despite a series of economic downturns and substantial asset price declines. Economic developments in the past few years have highlighted Singaporeâ€™s vulnerability to exogenous shocks, including...

Persistent link: https://www.econbiz.de/10005252855

Capital Market Development in a Small Country; The Case of Slovenia

Andritzky, Jochen R. - International Monetary Fund (IMF) - 2007

Small emerging economies, despite their significant growth, lack the scale to develop thriving capital markets from their local investor and issuer base that are able to deliver the benefits of a large, mature market. Slovenia is such an example. Despite the necessary infrastructure in place,...

Persistent link: https://www.econbiz.de/10005605308

A Primeron Sovereign Debt Buybacks and Swaps

Polan, Magdalena; Ramlogan, Parmeshwar; Medeiros, Carlos I. - International Monetary Fund (IMF) - 2007

This paper sets forth some basic principles that could help debt managers in emerging market and other countries to plan and implement sovereign debt buyback and swap operations. It discusses the macroeconomic context in which buybacks and swaps are undertaken, the objectives of buybacks and...

Persistent link: https://www.econbiz.de/10005826410