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Nicaragua; 2005 Article IV Consultation, Seventh, Eighth, and Ninth Reviews Under the Three Year Arrangement Under the Poverty Reduction and Growth Facility, Requests for Rephasing...

International Monetary Fund (IMF); International … - 2006

This paper discusses Nicaraguaâ€™s 2005 Article IV Consultation and Seventh, Eighth, and Ninth Reviews Under the Three Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). The economy continued to perform well, notwithstanding pressure from higher oil prices. Strong...

Persistent link: https://www.econbiz.de/10011245746

Nonperforming Loans and Macrofinancial Vulnerabilities in Advanced Economies

Nkusu, Mwanza - International Monetary Fund (IMF) - 2011

We analyze the link between nonperforming loans (NPL) and macroeconomic performance using two complementary approaches. First, we investigate the macroeconomic determinants of NPL in panel regressions and confirm that adverse macroeconomic developments are associated with rising NPL. Second, we...

Persistent link: https://www.econbiz.de/10009203534

Bank Competition, Risk and Asset Allocations

Boyd, John H.; Nicoló, Gianni De; Jalal, Abu M. - International Monetary Fund (IMF) - 2009

-to-assets ratio is ambiguous. Similarly, as competition increases, the probability of bank failure can either increase or decrease. We … about 2600 banks in 134 non-industrialized countries for the period 1993-2004. With both samples, we find that banks …' probability of failure is negatively and significantly related to measures of competition, and that the loan-to-asset ratio is …

Persistent link: https://www.econbiz.de/10008528611

Can the IMF's Medium-Term Growth Projections Be Improved?

Zalduendo, Juan; Batista, Catia - International Monetary Fund (IMF) - 2004

Numerous reports have noted that the IMF's medium-term growth projections are overly optimistic, raising questions as to how these can be improved. To this end, we estimate a growth model and examine its out-of-sample forecasting properties relative to those of IMF projections. The model's...

Persistent link: https://www.econbiz.de/10005604981

Assessing Debt Sustainability in Emerging Market Economies Using Stochastic Simulation Methods

Karam, Philippe D; Hostland, Doug - International Monetary Fund (IMF) - 2005

probability measures for projections of the external and public debt burden over the medium term. The vulnerability of public debt …

Persistent link: https://www.econbiz.de/10005599396

Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten

Reinhart, Carmen; Rogoff, Kenneth - International Monetary Fund (IMF) - 2013

Even after one of the most severe multi-year crises on record in the advanced economies, the received wisdom in policy circles clings to the notion that high-income countries are completely different from their emerging market counterparts. The current phase of the official policy approach is...

Persistent link: https://www.econbiz.de/10010790367

Government Size and Intersectoral Income Fluctuation; An International Panel Analysis

Kim, Daehaeng; Lee, Chul-In - International Monetary Fund (IMF) - 2007

Using the between-sector variation in income as a new measure of economic uncertainty, this paper proposes simple models and supportive empirical evidence for the causal relations between economic uncertainty and government size in the open economy setting. Key empirical findings include: (1) a...

Persistent link: https://www.econbiz.de/10005769139

Export Orientation and Productivity in Sub-Saharan Africa

Pattillo, Catherine A.; Mengistae, Taye - International Monetary Fund (IMF) - 2002

Analysis of firm-level panel data from three sub-Saharan African economies shows that exporting manufacturers have a total factor productivity premium of 11-28 percent. The data do not allow testing of whether these premiums are caused by selection of more efficient producers into exporting or...

Persistent link: https://www.econbiz.de/10005768934

What Causes Firms to Hide Output? the Determinants of Informality

Inchauste, Gabriela; Gradstein, Mark; Dabla-Norris, Era - International Monetary Fund (IMF) - 2005

In many developing countries, a significant part of economic activity takes place in the informal sector. Earlier work has examined the determinants of the size of the informal sector, focusing separately on factors such as tax and regulation burden, financial market development, and the quality...

Persistent link: https://www.econbiz.de/10005769293

Financial Linkages Between the U.S. and Latin Amercia; Evidence From Daily Data

Ganguly, Srideep; Benelli, Roberto - International Monetary Fund (IMF) - 2007

Motivated by recent bursts of global financial market turbulence, this paper investigates the linkages between the financial markets in the United States and those of the seven largest Latin American economies, focusing on the impact of shocks originating in the U.S. stock, bond, and currency...

Persistent link: https://www.econbiz.de/10005605433