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

International Monetary Fund (IMF); International … - 1992

liberalization of interest rates and credit should also take account of the solvency of financial and nonfinancial firms. A minimal …

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

India; 2009 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 … - 2010

This 2009 Article IV Consultation highlights that Indiaâ€™s medium-term growth prospects remain bright. Prompt fiscal and monetary easing, combined with the fiscal stimulus already in the pipeline and the return of risk appetite in financial markets, have brought growth close to pre-crisis...

Persistent link: https://www.econbiz.de/10011242782

Toward a Framework for Safeguarding Financial Stability

International Monetary Fund (IMF); International … - 2004

This paper examines the emergence of financial stability as a key policy objective. It discusses the underlying trends in the financial system, as well as the role of finance in relation to money, the real economy, and public policy. Financial stability is defined in terms of its ability to help...

Persistent link: https://www.econbiz.de/10005825656

Should Unconventional Balance Sheet Policies Be Added to the Central Bank toolkit? a Review of the Experience so Far

Ishi, Kotaro; Fujita, Kenji; Stone, Mark R. - International Monetary Fund (IMF) - 2011

What is the case for adding the unconventional balance sheet policies used by major central banks since 2007 to the standard policy toolkit? The record so far suggests that the new liquidity providing policies in support of financial stability generally warrant inclusion. As the balance sheet...

Persistent link: https://www.econbiz.de/10009151230

Transmission of Liquidity Shocks; Evidence From the 2007 Subprime Crisis

Hesse, Heiko; Frank, Nathaniel; González-Hermosillo, Brenda - International Monetary Fund (IMF) - 2008

We examine the linkages between market and funding liquidity pressures, as well as their interaction with solvency issues surrounding key financial institutions during the 2007 subprime crisis. A multivariate GARCH model is estimated in order to test for the transmission of liquidity shocks...

Persistent link: https://www.econbiz.de/10005769187

Republic of Korea; 2009 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director...

International Monetary Fund (IMF); International … - 2009

This 2009 Article IV Consultation highlights that like other open economies, Korea was hard hit by the global financial crisis during the last quarter of 2008. The authorities responded with a timely and comprehensive set of financial market and macrostabilization measures. Executive Directors...

Persistent link: https://www.econbiz.de/10011243917

Managerial Incentives and Financial Contagion

Chakravorti, Sujit; Lall, Subir - International Monetary Fund (IMF) - 2004

This paper proposes a framework for comovements of asset prices with seemingly unrelated fundamentals, as an outcome of … global managers maximizing absolute returns lead to systematic interactions between asset prices, without asymmetric … deviation of prices from fundamentals with limits to arbitraging this differential. Managerial compensation contracts, optimal …

Persistent link: https://www.econbiz.de/10005769103

Republic of Croatia; Financial System Stability Assessment: Update

International Monetary Fund (IMF); International … - 2008

rapid credit growth and have also taken prudential measures on contingency planning with supervisory authorities of foreign …

Persistent link: https://www.econbiz.de/10011243898

United Kingdom; Financial System Stability Assessment

International Monetary Fund (IMF); International … - 2011

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Persistent link: https://www.econbiz.de/10011243315

An Anatomy of Corporate Bond Markets; Growing Pains and Knowledge Gains

Luengnaruemitchai, Pipat; Ong, Li L. - International Monetary Fund (IMF) - 2005

The objective of this paper is to discuss the key issues relating to the development of local corporate bond markets …. We examine the requirements for local corporate bond market development, and compare and contrast experiences across both … mature and emerging markets. We suggest that core aspects such as benchmarking, corporate governance and disclosure, credit …

Persistent link: https://www.econbiz.de/10005264116