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Managing Financial Crises; Recent Experience and Lessons for Latin America

Kincaid, G. Russell; Collyns, Charles - International Monetary Fund (IMF) - 2003

This paper seeks to draw lessons from the IMFâ€™s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...

Persistent link: https://www.econbiz.de/10005824823

Challenges to Monetary Policy From Financial Globalization; The Case of India

Prasad, A.; Kramer, Charles Frederick; Poirson, Hélène - International Monetary Fund (IMF) - 2008

The question of how India should adapt monetary policy to ongoing financial globalization has gained prominence with the recent surge in capital inflows. This paper documents the degree to which India has become financially globalized, both in absolute terms and relative to emerging and...

Persistent link: https://www.econbiz.de/10005826246

Chile; Institutions and Policies Underpinning Stability and Growth

Kalter, Eliot; Phillips, Steven; Singh, Manmohan; … - International Monetary Fund (IMF) - 2004

This paper presents the primary institutions and economic policies that have led to Chileâ€™s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully...

Persistent link: https://www.econbiz.de/10005767351

Financial Globalization and Monetary Policy

Devereux, Michael B.; Sutherland, Alan - International Monetary Fund (IMF) - 2007

What does financial globalization imply for the design of monetary policy? Does the case for price stability change in an environment of large cross country gross asset holdings?. This paper is concerned with the effects of monetary policy under endogenous international portfolio choice and...

Persistent link: https://www.econbiz.de/10005768983

Factors Behind Low Long-Term Interest Rates

Ahrend, Rudiger; Catte, Pietro; Price, Robert W.R. - Economics Department, Organisation de Coopération et … - 2006

Long-term bond yields have been low in recent years both in nominal and real terms, and . especially in the United States - they have reacted differently to shifts in monetary and fiscal stances relative to previous cycles. This article examines various possible explanations for this behaviour,...

Persistent link: https://www.econbiz.de/10005045683

Exchange Rate Assessment; Extension of the Macroeconomic Balance Approach

Isard, Peter; Faruqee, Hamid - International Monetary Fund (IMF) - 1998

The IMF's internal analysis of exchange rate issues has been guided by, and limited by, the conceptual and empirical frameworks that have emerged from the collective research of the economics profession. The research has provided several general approaches that are useful for assessing whether...

Persistent link: https://www.econbiz.de/10005590920

Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area

Quint, Dominic; Rabanal, Pau - International Monetary Fund (IMF) - 2013

In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential policy can play a role. We find that the introduction of a...

Persistent link: https://www.econbiz.de/10010790358

Policy Responses to Capital Flows in Emerging Markets

Pradhan, Mahmood; Balakrishnan, Ravi; Baqir, Reza; … - International Monetary Fund (IMF) - 2011

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...

Persistent link: https://www.econbiz.de/10010790479

Implications of the liquidity crisis in the Baltic-Nordic region

Karilaid, Ivo; Talpsepp, Tõnn; Vaarmets, Tarvo - In: Baltic journal of economics 14 (2014) 1/2, pp. 35-54

This paper provides a more thorough empirical examination of the development and determinants of the liquidity position … and monetary policy implications of the liquidity problems arising in the crisis and stabilization process after that. The … and simultaneously - there was no time for the slow restructuring, thus liquidity needs were higher than generally. …

Persistent link: https://www.econbiz.de/10011890454

The FED's international dollar liquidity facilities : new evidence on effects

Goldberg, Linda S.; Ravazzolo, Fabiola - 2022

Persistent link: https://www.econbiz.de/10013186141