Financial Conditions and Growth at Risk in the ECCU

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Publisher : International Monetary Fund
ISBN 13 : 1513521802
Total Pages : 42 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Financial Conditions and Growth at Risk in the ECCU by : Mr.Takuji Komatsuzaki

Download or read book Financial Conditions and Growth at Risk in the ECCU written by Mr.Takuji Komatsuzaki and published by International Monetary Fund. This book was released on 2019-11-15 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the growth determinants in the Eastern Caribbean Currency Union (ECCU), using the Growth at Risk (GaR) framework with a focus on financial variables. We find that excessive bank credit growth is associated with lower future real GDP growth in the medium term especially on the low quantiles of growth distribution. Moreover, worsening of both global financial conditions and external conditions are associated with lower future growth in the short term, especially at the high quantiles of growth distribution. Country-specific results are broadly in line with ECCU-wide results, with some variation potentially due to the strong Citizenship-By-Investment program inflows and lack of credit union data. The establishment of a macroprudential framework in the ECCU would need to pay close attention to credit growth not only of banks but also credit unions and continue to monitor global and external conditions.

Financial Conditions and Growth at Risk in the ECCU

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Author :
Publisher : International Monetary Fund
ISBN 13 : 151351329X
Total Pages : 42 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Financial Conditions and Growth at Risk in the ECCU by : Mr.Takuji Komatsuzaki

Download or read book Financial Conditions and Growth at Risk in the ECCU written by Mr.Takuji Komatsuzaki and published by International Monetary Fund. This book was released on 2019-11-15 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the growth determinants in the Eastern Caribbean Currency Union (ECCU), using the Growth at Risk (GaR) framework with a focus on financial variables. We find that excessive bank credit growth is associated with lower future real GDP growth in the medium term especially on the low quantiles of growth distribution. Moreover, worsening of both global financial conditions and external conditions are associated with lower future growth in the short term, especially at the high quantiles of growth distribution. Country-specific results are broadly in line with ECCU-wide results, with some variation potentially due to the strong Citizenship-By-Investment program inflows and lack of credit union data. The establishment of a macroprudential framework in the ECCU would need to pay close attention to credit growth not only of banks but also credit unions and continue to monitor global and external conditions.

Growth at Risk: Concept and Application in IMF Country Surveillance

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Publisher : International Monetary Fund
ISBN 13 : 1484397010
Total Pages : 39 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Growth at Risk: Concept and Application in IMF Country Surveillance by : Mr.Ananthakrishnan Prasad

Download or read book Growth at Risk: Concept and Application in IMF Country Surveillance written by Mr.Ananthakrishnan Prasad and published by International Monetary Fund. This book was released on 2019-02-21 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growth-at-risk (GaR) framework links current macrofinancial conditions to the distribution of future growth. Its main strength is its ability to assess the entire distribution of future GDP growth (in contrast to point forecasts), quantify macrofinancial risks in terms of growth, and monitor the evolution of risks to economic activity over time. By using GaR analysis, policymakers can quantify the likelihood of risk scenarios, which would serve as a basis for preemptive action. This paper offers practical guidance on how to conduct GaR analysis and draws lessons from country case studies. It also discusses an Excel-based GaR tool developed to support the IMF’s bilateral surveillance efforts.

Predicting Downside Risks to House Prices and Macro-Financial Stability

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Publisher : International Monetary Fund
ISBN 13 : 1513525832
Total Pages : 47 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Predicting Downside Risks to House Prices and Macro-Financial Stability by : Andrea Deghi

Download or read book Predicting Downside Risks to House Prices and Macro-Financial Stability written by Andrea Deghi and published by International Monetary Fund. This book was released on 2020-01-17 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper predicts downside risks to future real house price growth (house-prices-at-risk or HaR) in 32 advanced and emerging market economies. Through a macro-model and predictive quantile regressions, we show that current house price overvaluation, excessive credit growth, and tighter financial conditions jointly forecast higher house-prices-at-risk up to three years ahead. House-prices-at-risk help predict future growth at-risk and financial crises. We also investigate and propose policy solutions for preventing the identified risks. We find that overall, a tightening of macroprudential policy is the most effective at curbing downside risks to house prices, whereas a loosening of conventional monetary policy reduces downside risks only in advanced economies and only in the short-term.

World Economic Outlook, October 2020

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Author :
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781513556055
Total Pages : 203 pages
Book Rating : 4.5/5 (56 download)

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Book Synopsis World Economic Outlook, October 2020 by : International Monetary Fund. Research Dept.

Download or read book World Economic Outlook, October 2020 written by International Monetary Fund. Research Dept. and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-10-13 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy is climbing out from the depths to which it had plummeted during the Great Lockdown in April. But with the COVID-19 pandemic continuing to spread, many countries have slowed reopening and some are reinstating partial lockdowns to protect susceptible populations. While recovery in China has been faster than expected, the global economy’s long ascent back to pre-pandemic levels of activity remains prone to setbacks.

Financial Risk Management

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Author :
Publisher : IDB
ISBN 13 : 9781886938717
Total Pages : 422 pages
Book Rating : 4.9/5 (387 download)

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Book Synopsis Financial Risk Management by : José A. Soler Ramos

Download or read book Financial Risk Management written by José A. Soler Ramos and published by IDB. This book was released on 2000 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Drawing on practical methods used by successful risk managers in emerging and developed markets throughout the world, the book provides specific guidance on establishing a modern risk management framework and developing efficient approaches to increase the profitability of risk management activities in emerging market settings."--BOOK JACKET.

Bank Network Analysis in the ECCU

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484367502
Total Pages : 32 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Bank Network Analysis in the ECCU by : Mr.Balazs Csonto

Download or read book Bank Network Analysis in the ECCU written by Mr.Balazs Csonto and published by International Monetary Fund. This book was released on 2018-07-12 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper applies network analysis to assess the extent of systemic vulnerabilities in the ECCU banking system. It includes two sets of illustrative stress tests. First, solvency and liquidity shocks to each individual bank and the impact on other banks in the network through their biltareal net asset exposures. Second, country and region-wide tail shocks to GDP affecting capital and liquidity of all banks in the shocked jurisdictions, followed by the rippling effects through the regional network. The results identify systemic institutions that merit hightened attention by the regulator, as determined by the degree of connectivity with the rest of the system, and the extent to which they are vulnerable to the failure of other banks.

Global Financial Stability Report, April 2013

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Publisher : International Monetary Fund
ISBN 13 : 1475589581
Total Pages : 160 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Global Financial Stability Report, April 2013 by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Global Financial Stability Report, April 2013 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2013-04-17 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Global Financial Stability Report examines current risks facing the global financial system and policy actions that may mitigate these. It analyzes the key challenges facing financial and nonfinancial firms as they continue to repair their balance sheets. Chapter 2 takes a closer look at whether sovereign credit default swaps markets are good indicators of sovereign credit risk. Chapter 3 examines unconventional monetary policy in some depth, including the policies pursued by the Federal Reserve, the Bank of England, the Bank of Japan, the European Central Bank, and the U.S. Federal Reserve.

Global Financial Stability Report, October 2019

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498324029
Total Pages : 109 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Global Financial Stability Report, October 2019 by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Global Financial Stability Report, October 2019 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-10-16 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: The October 2019 Global Financial Stability Report (GFSR) identifies the current key vulnerabilities in the global financial system as the rise in corporate debt burdens, increasing holdings of riskier and more illiquid assets by institutional investors, and growing reliance on external borrowing by emerging and frontier market economies. The report proposes that policymakers mitigate these risks through stricter supervisory and macroprudential oversight of firms, strengthened oversight and disclosure for institutional investors, and the implementation of prudent sovereign debt management practices and frameworks for emerging and frontier market economies.

The ASEAN Way

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Publisher : International Monetary Fund
ISBN 13 : 1513558900
Total Pages : 311 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The ASEAN Way by : Ms.Ana Corbacho

Download or read book The ASEAN Way written by Ms.Ana Corbacho and published by International Monetary Fund. This book was released on 2018-10-02 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first part of the book examines the evolution of monetary policy and prudential frameworks of the ASEAN5, with particular focus on changes since the Asian financial crisis and the more recent period of unconventional monetary policy in advanced economies. The second part of the book looks at policy responses to global financial spillovers. The third and last part of the book elaborates on the challenges ahead for monetary policy, financial stability frameworks, and the deepening of financial markets.

World Economic Outlook, October 2019

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513516175
Total Pages : 208 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis World Economic Outlook, October 2019 by : International Monetary Fund. Research Dept.

Download or read book World Economic Outlook, October 2019 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2019-10-15 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.

Doing Business 2020

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Publisher : World Bank Publications
ISBN 13 : 1464814414
Total Pages : 254 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Doing Business 2020 by : World Bank

Download or read book Doing Business 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-21 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.

International Monetary Fund Annual Report 2019 Financial Statements

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Publisher : International Monetary Fund
ISBN 13 : 1513511726
Total Pages : 122 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis International Monetary Fund Annual Report 2019 Financial Statements by : International Monetary Fund

Download or read book International Monetary Fund Annual Report 2019 Financial Statements written by International Monetary Fund and published by International Monetary Fund. This book was released on 2019-10-04 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The audited consolidated financial statements of the International Monetary Fund as of April 30, 2019 and 2018

Global Economic Prospects 2007

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Publisher : World Bank Publications
ISBN 13 : 0821367285
Total Pages : 216 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Global Economic Prospects 2007 by : World Bank

Download or read book Global Economic Prospects 2007 written by World Bank and published by World Bank Publications. This book was released on 2006 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the next 25 years developing countries will move to center stage in the global economy. Global Economic Prospects 2007 analyzes the opportunities - and stresses - this will create. While rich and poor countries alike stand to benefit, the integration process will make more acute stresses already apparent today - in income inequality, in labor markets, and in the environment. Over the next 25 years, rapid technological progress, burgeoning trade in goods and services, and integration of financial markets create the opportunity for faster long-term growth. However, some regions, notably Africa, are at risk of being left behind. The coming globalization will also see intensified stresses on the "global commons." Addressing global warming, preserving marine fisheries, and containing infectious diseases will require effective multilateral collaboration to ensure that economic growth and poverty reduction proceed without causing irreparable harm to future generations."

Global Economic Prospects, January 2020

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Publisher :
ISBN 13 : 9781464814686
Total Pages : 0 pages
Book Rating : 4.8/5 (146 download)

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Book Synopsis Global Economic Prospects, January 2020 by : World Bank

Download or read book Global Economic Prospects, January 2020 written by World Bank and published by . This book was released on 2020-01-27 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy is in a broad-based cyclical recovery. Investment, manufacturing and trade are on the rebound. Financing conditions are benign, monetary policies are generally accommodative, and the worst impacts of the recent commodity price collapse have begun to dissipate. However, the global economic outlook remains clouded by a number of risks. These include the possibility of financial market disruptions, rising protectionist sentiment, and heightened geopolitical tensions. Of particular concern is evidence of subdued productivity and slowing potential growth. In addition to discussing global and regional economic developments and prospects, this edition of Global Economic Prospects includes a chapter on the causes of the broad-based slowing of potential growth and suggests remedies. The report also contains Special Focus sections on the impact of the 2014-2016 oil price collapse and the relationship between education demographics and global inequality. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing countries, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces.

FINANCIAL CONDITIONS AND GROWTH AT RISK IN THE ECCU

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Author :
Publisher :
ISBN 13 : 9781513521824
Total Pages : pages
Book Rating : 4.5/5 (218 download)

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Book Synopsis FINANCIAL CONDITIONS AND GROWTH AT RISK IN THE ECCU by : Steve Brito

Download or read book FINANCIAL CONDITIONS AND GROWTH AT RISK IN THE ECCU written by Steve Brito and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Estimating the Impact of External Shocks on the ECCU: Application to the COVID Shock

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Author :
Publisher : International Monetary Fund
ISBN 13 : 151358541X
Total Pages : 37 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Estimating the Impact of External Shocks on the ECCU: Application to the COVID Shock by : Vivian Parlak

Download or read book Estimating the Impact of External Shocks on the ECCU: Application to the COVID Shock written by Vivian Parlak and published by International Monetary Fund. This book was released on 2021-08-20 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: We measure the impact of frequent exogeneous shocks on small ECCU economies, including changes to global economic activity, tourism flows, oil prices, passport sales, FDI, and natural disasters. Using Canonical-Correlation Analysis (CCA) and dynamic panel regression analysis we find significant effects of most of these shocks on output, while only fluctuations in oil prices have significant effects on inflation. Results also suggest a significant impact of FDI and passport sales on the external balance, a link that CCA identifies as the strongest among all analyzed relations. The model also shows how Covid-19 related shocks lead to substantial contractions in output in all ECCU countries and deterioration of the current account balance in most of them, depending on countries’ tourism dependency.