2015 Spillover Report

Download 2015 Spillover Report full books in PDF, epub, and Kindle. Read online 2015 Spillover Report ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

2015 Spillover Report

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
ISBN 13 : 1498344488
Total Pages : 31 pages
Book Rating : 4.4/5 (983 download)

DOWNLOAD NOW!

Book Synopsis 2015 Spillover Report by : International Monetary Fund. Fiscal Affairs Dept.

Download or read book 2015 Spillover Report written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2015-08-06 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many countries around the globe, particularly the systemic advanced economies, face the challenge of closing output gaps and raising potential output growth. Addressing these challenges requires a package of macroeconomic, financial and structural policies that will boost both aggregate demand and aggregate supply, while closing the shortfall between demand and supply. Each element of this package is important and one cannot substitute for the other: easy monetary policy will not raise potential output just as structural reforms will not close the output gap. This report studies the impact on emerging markets and nonsystemic advanced economies from monetary policy actions in systemic advanced economies, with a look also at knock-on effects from the decline in world oil prices.

Cross-Country Report on Spillovers

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 149834304X
Total Pages : 38 pages
Book Rating : 4.4/5 (983 download)

DOWNLOAD NOW!

Book Synopsis Cross-Country Report on Spillovers by : International Monetary Fund. European Dept.

Download or read book Cross-Country Report on Spillovers written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2016-07-05 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper identifies policies to increase productivity in the East, reduce regional income disparities, and promote overall income convergence. Achieving this objective will require improving educational attainment and reducing skill mismatches in the East, scaling up public infrastructure to attract investment to less productive regions, and facilitating labor mobility. This paper also discusses female labor participation in Poland and the potential impact on bank profitability of the recently implemented bank asset tax. Poland’s population is aging, yet it has an important underused source of qualified labor—its women. For Poland to unleash its full economic potential, it needs to embrace the vital contribution that women can make to its economy.

2013 Spillover Report - Analytical Underpinnings and Other Background

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
ISBN 13 : 1498341543
Total Pages : 171 pages
Book Rating : 4.4/5 (983 download)

DOWNLOAD NOW!

Book Synopsis 2013 Spillover Report - Analytical Underpinnings and Other Background by : International Monetary Fund. Asia and Pacific Dept

Download or read book 2013 Spillover Report - Analytical Underpinnings and Other Background written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2013-07-03 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: High uncertainty in general, and high policy uncertainty more specifically, can have important impact on global investment and output growth. Much of the recent policy uncertainty emanated from the United States and Europe—the world’s two largest economies. Spillovers from policy uncertainty can occur through several channels. Trade can be affected if increased policy uncertainty adversely affects economic activity and import demand in the United States and Europe. Policy uncertainty could also raise global risk aversion, resulting in sharp corrections in financial markets and capital outflows from emerging markets. This background note attempts to quantify the impact of U.S. and European policy uncertainty on other regions. Specifically, it addresses the following questions: What do we mean by policy uncertainty? How well can we measure it? How has policy uncertainty in the United States and Europe evolved during the past several decades? And how large are the spillovers to economic activity in other regions? The analysis suggests that sharp increases in U.S. and European policy uncertainty in the past have temporarily lowered investment and output in other regions to varying degrees. It also suggests that a marked decrease in policy uncertainty in the United States and Europe in the near term could help boost global investment and output.

2015 External Sector Report

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1498344364
Total Pages : 41 pages
Book Rating : 4.4/5 (983 download)

DOWNLOAD NOW!

Book Synopsis 2015 External Sector Report by : International Monetary Fund

Download or read book 2015 External Sector Report written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-06-29 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: After narrowing modestly in 2013, the global scale of current account imbalances, and of excess imbalances, held steady in 2014. Over the last several years, while the country composition of imbalances has rotated somewhat, overall there has been little progress on reducing excess imbalances. Excess deficits narrowed in some cases, but widened in others; progress on reducing excess surpluses has stalled. An unfinished policy agenda to reduce excess imbalances remains. Efforts by both surplus and deficit economies would be mutually reinforcing and support growth. Several significant recent developments will affect external positions in 2015: sharply lower oil prices, cyclical divergence and different monetary policies among the major economies, and related currency movements. Those developments do not overturn the previous pattern of excess imbalances and associated policy agenda, but they will have significant effects and raise new issues.

International Monetary Fund Annual Report 2016

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1498349277
Total Pages : 130 pages
Book Rating : 4.4/5 (983 download)

DOWNLOAD NOW!

Book Synopsis International Monetary Fund Annual Report 2016 by : International Monetary Fund

Download or read book International Monetary Fund Annual Report 2016 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2016-09-26 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: The year was marked by difficult challenges and milestone achievements. To reinvigorate modest growth at a time of uncertainty about a complicated global economy, the IMF membership endorsed a three-pronged approach of monetary, fiscal, and structural policies to get the world economy back on a stronger and safer growth track. Highlights of the IMF’s work during the year included entry into effect of its quota and governance reforms approved in 2010, which increase the Fund’s core resources and make it more representative of the membership; commitments for increased financial support, policy advice, expertise, and training to help low-income developing countries achieve the U.N. Sustainable Development Goals; analysis of the international monetary system; inclusion of the Chinese currency in the basket of currencies that make up the Special Drawing Right; and policy advice on the economic repercussions of mass migration of refugees from Syria and other conflict-afflicted states. The IMF Annual Report, which covers the period May 1, 2015 to April 30, 2016, discusses all of these issues, plus a wide range of policy matters that the Executive Board addressed during the year.

Global Financial Stability Report, October 2015

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
ISBN 13 : 1513515985
Total Pages : 131 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!

Book Synopsis Global Financial Stability Report, October 2015 by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Global Financial Stability Report, October 2015 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2015-10-07 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: The October 2015 Global Financial Stability Report finds that, despite an improvement in financial stability in advanced economies, risks continue to rotate toward emerging markets. The global financial outlook is clouded by a triad of policy challenges: emerging market vulnerabilities, legacy issues from the crisis in advanced economies, and weak systemic market liquidity. With more vulnerable balance sheets in emerging market companies and banks, firms in these countries are more susceptible to financial stress, economic downturn, and capital outflows. Recent market developments such as slumping commodity prices, China’s bursting equity bubble, and pressure on exchange rates underscore these challenges. The prospect of the U.S. Federal Reserve gradually raising interest rates points to an unprecedented adjustment in the global financial system as financial conditions and risk premiums “normalize” from historically low levels alongside rising policy rates and a modest cyclical recovery. The report also examines the factors that influence levels of liquidity in securities markets, as well as the implications of low liquidity. Currently, market liquidity is being supported by benign cyclical conditions. Although it is too early to assess the impact of recent regulatory changes on market liquidity, changes in market structure, such as larger holdings of corporate bonds by mutual funds, appear to have increased the fragility of liquidity. Finally, the report studies the growing level of corporate debt in emerging markets, which quadrupled between 2004 and 2014. The report finds that global drivers have played an increasing role in leverage growth, issuance, and spreads. Moreover, higher leverage has been associated with, on average, rising foreign currency exposures. It also finds that despite weaker balance sheets, firms have managed to issue bonds at better terms as a result of favorable financial conditions.

2014 Spillover Report

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1498343201
Total Pages : 107 pages
Book Rating : 4.4/5 (983 download)

DOWNLOAD NOW!

Book Synopsis 2014 Spillover Report by : International Monetary Fund

Download or read book 2014 Spillover Report written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-06-25 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global spillovers have entered a new phase. With crisis-related spillovers and risks fading, changing growth patterns are the main source of spillovers in the global economy at this juncture. Two key trends are highly relevant here. First, signs of self-sustaining recovery in some advanced economies indicate that the unwinding of exceptional monetary accommodation will proceed and lead to a tightening of global financial conditions in the coming years. An uneven recovery, though, suggests normalization will proceed at different times in different countries, with possible spillover implications. Second, growth in emerging markets is slowing on a broad basis since its precrisis peak and can carry noticeable spillover effects at the global level. Model code and programs used for the spillover simulations can be made available. Data used for the empirical analysis can be made available unless restricted by copyright or confidentiality issues.

Global Financial Stability Report, April 2016

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
ISBN 13 : 1498363288
Total Pages : 135 pages
Book Rating : 4.4/5 (983 download)

DOWNLOAD NOW!

Book Synopsis Global Financial Stability Report, April 2016 by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Global Financial Stability Report, April 2016 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2016-04-11 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current Global Financial Stability Report (April 2016) finds that global financial stability risks have risen since the last report in October 2015. The new report finds that the outlook has deteriorated in advanced economies because of heightened uncertainty and setbacks to growth and confidence, while declines in oil and commodity prices and slower growth have kept risks elevated in emerging markets. These developments have tightened financial conditions, reduced risk appetite, raised credit risks, and stymied balance sheet repair. A broad-based policy response is needed to secure financial stability. Advanced economies must deal with crisis legacy issues, emerging markets need to bolster their resilience to global headwinds, and the resilience of market liquidity should be enhanced. The report also examines financial spillovers from emerging market economies and finds that they have risen substantially. This implies that when assessing macro-financial conditions, policymakers may need to increasingly take into account economic developments in emerging market economies. Finally, the report assesses changes in the systemic importance of insurers, finding that across advanced economies the contribution of life insurers to systemic risk has increased in recent years. The results suggest that supervisors and regulators should take a more macroprudential approach to the sector.

Regional Economic Outlook, Middle East and Central Asia, October 2015

Author : International Monetary Fund. Middle East and Central Asia Dept.
Publisher : International Monetary Fund
ISBN 13 : 1513528521
Total Pages : 128 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!

Book Synopsis Regional Economic Outlook, Middle East and Central Asia, October 2015 by : International Monetary Fund. Middle East and Central Asia Dept.

Download or read book Regional Economic Outlook, Middle East and Central Asia, October 2015 written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2015-10-21 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: This issue discusses economic developments in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP), which continue to reflect the diversity of conditions prevailing across the region. Most high-income oil exporters, primarily in the GCC, continue to record steady growth and solid economic and financial fundamentals, albeit with medium-term challenges that need to be addressed. In contrast, other countries—Iraq, Libya, and Syria—are mired in conflicts with not only humanitarian but also economic consequences. And yet other countries, mostly oil importers, are making continued but uneven progress in advancing their economic agendas, often in tandem with political transitions and amidst difficult social conditions. In most of these countries, without extensive economic and structural reforms, economic prospects for the medium term remain insufficient to reduce high unemployment and improve living standards.

Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies

Author : Mr.Joseph E. Gagnon
Publisher : International Monetary Fund
ISBN 13 : 1475586973
Total Pages : 52 pages
Book Rating : 4.4/5 (755 download)

DOWNLOAD NOW!

Book Synopsis Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies by : Mr.Joseph E. Gagnon

Download or read book Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies written by Mr.Joseph E. Gagnon and published by International Monetary Fund. This book was released on 2017-03-13 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the effects of unconventional monetary and exchange rate policies. We find that official foreign asset purchases have large effects on current accounts that diminish as capital mobility rises and spill over to financially integrated countries. There is an additional effect through the stock of central bank assets. Domestic asset purchases have an effect on current accounts only when capital mobility is low. We also find that rising US bond yields drive foreign yields, stock prices and depreciations, but less so on days of policy announcements. We develop a theoretical model that is broadly consistent with our results.

Global Economic Prospects, January 2016

Author : WorldBank
Publisher : World Bank Publications
ISBN 13 : 1464806764
Total Pages : 284 pages
Book Rating : 4.4/5 (648 download)

DOWNLOAD NOW!

Book Synopsis Global Economic Prospects, January 2016 by : WorldBank

Download or read book Global Economic Prospects, January 2016 written by WorldBank and published by World Bank Publications. This book was released on 2016-01-21 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: The January 2016 edition of Global Economic Prospects discusses current global and regional economic developments and prospects, analyzing key challenges and opportunities confronting developing countries. This volume addresses, among other topics, spillovers from large emerging markets and macroeconomic vulnerabilities during resource development. Global Economic Prospects is a World Bank Group Flagship Report. Semiannually (January and June), it examines global economic developments and prospects, with a special focus on developing countries. The report includes analysis of topical policy challenges faced by developing countries through in-depth research in the January edition and shorter analytical pieces in the June edition.

South Africa

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
ISBN 13 : 1475568606
Total Pages : 93 pages
Book Rating : 4.4/5 (755 download)

DOWNLOAD NOW!

Book Synopsis South Africa by : International Monetary Fund. African Dept.

Download or read book South Africa written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2016-07-07 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Africa has made considerable economic and social strides since 1994, but faces significant challenges. Deep-rooted structural problems—infrastructure bottlenecks, skill mismatches, and harmful insider-outsider dynamics—have kept unemployment and inequality unacceptably high. Also, a confluence of external and domestic shocks, combined with heightened governance concerns and policy uncertainty, have weighed on confidence and growth. Though private balance sheets are still strong, vulnerabilities are elevated. 2016 growth is projected at 0.1 percent. Only a muted recovery is envisaged from 2017, with rising unemployment. Downside risks dominate and stem mainly from China, heightened global financial volatility, and domestic politics and possible policy missteps. Shocks could be amplified by extensive macro-financial linkages, especially if combined with sovereign credit rating downgrades to speculative grade. On the upside, the recent dialogue between social partners could catalyze reform implementation and invigorate growth.

Mexico

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
ISBN 13 : 1513593439
Total Pages : 84 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!

Book Synopsis Mexico by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Mexico written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2015-11-17 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper analyzes fiscal multipliers in Mexico. Estimates of fiscal multipliers––obtained from state-level spending––fall within 0.6–0.7 after accounting for dynamic effects. However, the size of multipliers varies with the output gap. The planned fiscal consolidation—under the estimated multipliers—is projected to subtract on average 0.5 percentage points from growth over 2015–20. However, there are offsetting effects. The positive growth impulse of lower costs on manufactured goods production is estimated to reach 0.5 percentage point in 2015 and 2016, largely offsetting the impact of fiscal consolidation on growth in the near term.

World Economic Outlook, October 2015

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
ISBN 13 : 151351539X
Total Pages : 228 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!

Book Synopsis World Economic Outlook, October 2015 by : International Monetary Fund. Research Dept.

Download or read book World Economic Outlook, October 2015 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2015-10-06 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This issue discusses a number of factors affecting global growth, as well as growth prospects across the world’s main countries and regions. It assesses the ongoing recovery from the global financial crisis in advanced and emerging market economies and evaluates risks, both upside and downside, including those associated with commodity prices, currency fluctuations, and financial market volatility. A special feature examines in detail causes and implications of the recent commodity price downturn; analytical chapters look at the effects of commodity windfalls on potential output and of exchange rate movements on trade.

IEO Annual Report 2015

Author : International Monetary Fund. Independent Evaluation Office
Publisher : International Monetary Fund
ISBN 13 : 151353629X
Total Pages : 20 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!

Book Synopsis IEO Annual Report 2015 by : International Monetary Fund. Independent Evaluation Office

Download or read book IEO Annual Report 2015 written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2015-09-30 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The twelfth Annual Report of the Independent Evaluation Office (IEO) describes activities during financial year 2015 (May 1, 2014–April 30, 2015). During the financial year, the IEO completed an evaluation of the IMF response to the global financial and economic crisis. It also issued two reports updating three past evaluations: The IMF’s Approach to Capital Account Liberalization: Revisiting the 2005 IEO Evaluation; and Revisiting the IEO Evaluations of the IMF’s Role in Poverty Reduction Strategy Papers (PRSP) and the Poverty Reduction and Growth Facility (PRGF) (2004) and the IEO Evaluation of IMF and Aid to Sub-Saharan Africa (2007). In addition, the Executive Board discussed the IEO evaluation of Recurring Issues from a Decade of Evaluation: Lessons for the IMF, which was issued to the Board in FY2014. The paper reports on the IEO budget and outreach efforts in the financial year. This paper also summarizes the evaluations on Recurring Issues and the IMF Response to the Financial and Economic Crisis, the Board discussions of these evaluations, and the two updates of past evaluations. It also discusses follow-up on IEO evaluations and addresses ongoing evaluations and the IEO work program going forward. A table lists the IEO evaluations and evaluation updates completed or in progress.

Cross-Country Report on Inflation

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 1513525468
Total Pages : 39 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!

Book Synopsis Cross-Country Report on Inflation by : International Monetary Fund. European Dept.

Download or read book Cross-Country Report on Inflation written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2015-07-14 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper examines the causes and drivers of low inflation in European inflation targeting countries outside the euro area, focusing on the Czech Republic, Poland, Sweden, and Switzerland. It estimates the effects on inflation from the output gap and external factors, including oil price changes, nominal effective exchange rate (NEER) fluctuations, and euro area inflation spillovers. It is observed that external factors have been significant drivers of low inflation recently, though their contributions to inflation and the channels through which they operate vary across countries. Policy responses and options are also discussed, taking into account country-specific circumstances.

Global Economic Prospects, June 2015

Author : The World Bank
Publisher : World Bank Publications
ISBN 13 : 1464804850
Total Pages : 194 pages
Book Rating : 4.4/5 (648 download)

DOWNLOAD NOW!

Book Synopsis Global Economic Prospects, June 2015 by : The World Bank

Download or read book Global Economic Prospects, June 2015 written by The World Bank and published by World Bank Publications. This book was released on 2015-06-22 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global growth is expected to be 2.8 percent in 2015, but is expected to pick up to 3.2 percent in 2016-17. Growth in developing countries and some high-income countries is set to disappoint again this year. The prospect of rising borrowing costs will compound the challenges many developing countries are facing as they adapt to an era of low commodity prices. Risks to this outlook remain tilted to the downside. This edition of Global Economic Prospects includes two Special Features that analyze the policy challenges raised by the two transitions in developing countries: the risks associated with the first U.S. central bank interest rate increase since 2006 and the implications of persistently low commodity prices for low-income countries. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on developing countries, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by developing countries while the June edition contains shorter analytical pieces.