IMF Staff papers, Volume 45 No. 2

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Publisher : International Monetary Fund
ISBN 13 : 1451974167
Total Pages : 204 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers, Volume 45 No. 2 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers, Volume 45 No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1998-01-01 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes contagion and volatility with imperfect credit markets. The paper interprets contagion effects as an increase in the volatility of shocks impinging on the economy. The implications of this approach are analyzed in a model in which domestic banks borrow at a premium on world capital markets, and domestic producers borrow at a premium from domestic banks. Financial spreads depend on a markup that compensates lenders, in particular, for the expected cost of contract enforcement. Higher volatility increases financial spreads and the producers’ cost of capital.

IMF Staff papers, Volume 45 No. 4

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Publisher : International Monetary Fund
ISBN 13 : 1451972776
Total Pages : 180 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers, Volume 45 No. 4 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers, Volume 45 No. 4 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1998-01-01 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes the issue of corruption around the world. The paper surveys and discusses issues related to the causes, consequences, and scope of corruption, and possible corrective actions. It emphasizes the costs of corruption in terms of economic growth. It also emphasizes that the fight against corruption may not be cheap and cannot be independent from the reform of the state. If certain reforms are not made, corruption is likely to continue to be a problem regardless of actions directly aimed at curtailing it.

IMF Staff papers, Volume 45 No. 3

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Publisher : International Monetary Fund
ISBN 13 : 1451973608
Total Pages : 168 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers, Volume 45 No. 3 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers, Volume 45 No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1998-01-01 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents international evidence on the determinants of trade dynamics. It provides some new empirical perspectives on the relationship between international trade and macroeconomic fluctuations in industrial economies. A comprehensive set of stylized facts concerning fluctuations in trade variables and their determinants is presented. A measure of the quantitative importance of international trade for the propagation of domestic business cycles is then constructed, focusing on the role of external trade as a catalyst for cyclical recoveries.

IMF Staff Papers, Volume 57, No. 2

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Publisher : International Monetary Fund
ISBN 13 : 1589069129
Total Pages : 244 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis IMF Staff Papers, Volume 57, No. 2 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 57, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2010-06-29 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper introduces a new database of financial reforms covering 91 economies over 1973-2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an index of financial reform. It also compares the database with other measures of financial liberalization, provides descriptive statistics, and discusses some possible applications. The database provides a multifaceted measure of reform, covering seven aspects of financial sector policy. Along each dimension the database provides a graded (rather than a binary) score, and allows for reversals.

IMF Staff Papers, Volume 54, No. 2

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Publisher : International Monetary Fund
ISBN 13 : 1589066502
Total Pages : 236 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis IMF Staff Papers, Volume 54, No. 2 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 54, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2007-09-26 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vol. 54, No. 2 includes three notable contributions from the Seventh Jacques Polak Annual Research Conference (ARC) hosted by the IMF in November 2006. Its lead paper, by Olivier Blanchard of Harvard University, is the 2006 Mundell-Fleming Lecture (delivered at the ARC), which analyzes current-account deficits in the advanced economies. Other papers in this issue look at the relationship between international financial integration and the real economy. Other papers discuss whether (or not): i) the next capital account crisis can be predicted; ii) accepted definitions of debt crises are adequate; iii) the Doha Round of trade talks (if they are ever successfully completed) will lead to preference erosion; and finally iv) there is room for political opportunism in countries deciding between money-based or exchange-rate-based stabilization programs.

IMF Staff papers, Volume 45 No. 1

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451974515
Total Pages : 216 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers, Volume 45 No. 1 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers, Volume 45 No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1998-01-01 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes some leading indicators of currency crises, and proposes a specific early warning system. This system involves monitoring the evolution of several indicators that tend to exhibit an unusual behavior in the periods preceding a crisis. When an indicator exceeds a certain threshold value, this is interpreted as a warning “signal” that a currency crisis may take place. The variables that have the best track record within this approach include exports, deviations of the real exchange rate from trend, and the ratio of broad money to gross international reserves, output, and equity prices.

IMF Staff Papers, Volume 47, No. 2

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Publisher : International Monetary Fund
ISBN 13 : 145197423X
Total Pages : 128 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff Papers, Volume 47, No. 2 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 47, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2000-01-01 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes portfolio diversification, leverage, and financial contagion. It studies the extent to which basic principles of portfolio diversification explain “contagious selling” of financial assets when there are purely local shocks. The paper demonstrates that the elementary portfolio theory offers key insights into “contagion.” Most important, portfolio diversification and leverage are sufficient to explain why an investor will find it optimal to significantly reduce all risky asset positions when an adverse shock impacts just one asset.

IMF Staff papers

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451947232
Total Pages : 223 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1966-01-01 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Foreword to the first issue: “Among the responsibilities of the International Monetary Fund, as set forth in the Articles of Agreement, is the obligation to fact as a center for the collection and exchange of information on monetary and financial problems,’ and thereby to facilitate ‘the preparation of studies designed to assist members in developing policies which further the purposes of the Fund.’ The publications of the Fund are one way in which this responsibility is discharged. “Through the publication of Staff Papers, the Fund is making available some of the work of members of its staff. The Fund believes that these papers will be found helpful by government officials, by professional economists, and by others concerned with monetary and financial problems. Much of what is now presented is quite provisional. On some international monetary problems, final and definitive views are scarcely to be expected in the near future, and several alternative, or even conflicting, approaches may profitably be explored. The views presented in these papers are not, therefore, to be interpreted as necessarily indicating the position of the Executive Board or of the officials of the Fund.”

IMF Staff papers, Volume 46 No. 2

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451974205
Total Pages : 148 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers, Volume 46 No. 2 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers, Volume 46 No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1999-01-01 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the predictability of currency crises. The paper evaluates three models for predicting currency crises that were proposed before 1997. Two of the models failed to provide useful forecasts. One model provides forecasts that are somewhat informative though still not reliable. Plausible modifications to this model improve its performance, providing some hope that future models may do better. The study suggests, though, that although forecasting models may help indicate vulnerability to crises, the predictive power of even the best of them may be limited.

IMF Staff Papers, Volume 52, No. 3

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Publisher : International Monetary Fund
ISBN 13 : 1589064755
Total Pages : 193 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis IMF Staff Papers, Volume 52, No. 3 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 52, No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2005-12-22 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: This last issue for 2005 comprises seven new papers, including a contribution to the journal's occasional Special Data Section about domestic debt markets in Sub-Saharan Africa, and also an in-depth look at the internal job market for entry-level economists at the IMF. The remaining articles cover toics as diverse as: modeling of asset markets, exchange rates in developing countries, international bank claims on Latin America, the effectiveness of "early warning" systems, and the use (by emerging market countries) of the IMF's Special Data Dissemination Standard (SDDS).

IMF Staff Papers, Volume 50, No. 2

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Publisher : International Monetary Fund
ISBN 13 : 9781589062023
Total Pages : 172 pages
Book Rating : 4.0/5 (62 download)

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Book Synopsis IMF Staff Papers, Volume 50, No. 2 by : Mr.Robert P. Flood

Download or read book IMF Staff Papers, Volume 50, No. 2 written by Mr.Robert P. Flood and published by International Monetary Fund. This book was released on 2003-07-11 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines sources of economic growth in East Asia. The conventional growth-accounting approach to estimating the sources of economic growth requires unrealistically strong assumptions about either competitiveness of factor markets or the form of the underlying aggregate production function. The paper outlines a new approach utilizing nonparametric derivative estimation techniques that does not require imposing these restrictive assumptions. The results for East Asian countries show that output elasticities of capital and labor tend to be different from the income shares of these factors. The paper also explores the compensating potential of private intergenerational transfers.

IMF Staff Papers, Volume 53, No. 2

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Publisher : International Monetary Fund
ISBN 13 : 9781589065178
Total Pages : 166 pages
Book Rating : 4.0/5 (651 download)

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Book Synopsis IMF Staff Papers, Volume 53, No. 2 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 53, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2006-06-29 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: Noteworthy among the six papers appearing in this latest issue of the IMF's peer-reviewed journal is another installment in the Special Data Section. Anthony Pellechio and John Cady from the IMF's Statistics Department take a close look at differences in IMF data; how and when they could occur; and what the implications of such differences might be for end-users of the IMF's data.

IMF Staff Papers, Volume 50, No. 1

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Publisher : International Monetary Fund
ISBN 13 : 9781589061248
Total Pages : 168 pages
Book Rating : 4.0/5 (612 download)

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Book Synopsis IMF Staff Papers, Volume 50, No. 1 by : Mr.Robert P. Flood

Download or read book IMF Staff Papers, Volume 50, No. 1 written by Mr.Robert P. Flood and published by International Monetary Fund. This book was released on 2003-04-17 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Forty years ago, Marcus Fleming and Robert Mundell developed independent models of macroeconomic policy in open economies. Why do we link the two, and why do we call the result the Mundell-Fleming, rather than Fieming-Mundell model?

IMF Staff Papers, Volume 51, No. 1

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Publisher : International Monetary Fund
ISBN 13 : 9781589063228
Total Pages : 206 pages
Book Rating : 4.0/5 (632 download)

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Book Synopsis IMF Staff Papers, Volume 51, No. 1 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 51, No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2004-04-20 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first issue of Volume 51 for 2004 includes a new paper by Peter B. Clark and Jacques J. Polak, along with a tribute from the Editor to Mr. Polak in honor of his 90th birthday. This issue also launches a new featured section, "Data Issues," which will be devoted in future issues to on-going discussions of the latest in econometric and statistical tools for economists, data puzzles, and other related topics of interest to researchers.

IMF Staff Papers, Volume 49, No. 3

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Publisher : International Monetary Fund
ISBN 13 : 9781589061224
Total Pages : 260 pages
Book Rating : 4.0/5 (612 download)

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Book Synopsis IMF Staff Papers, Volume 49, No. 3 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 49, No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2002-09-23 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically investigates the monetary impact of banking crises in Chile, Colombia, Denmark, Japan, Kenya, Malaysia, and Uruguay during 1975–98. Cointegration analysis and error correction modeling are used to research two issues: (i) whether money demand stability is threatened by banking crises; and (ii) whether crises lead to structural breaks in the relation between monetary indicators and prices. Overall, no systematic evidence that banking crises cause money demand instability is found. The paper also analyzes inflation targeting in the context of the IMF-supported adjustment programs.

IMF Staff Papers, Volume 56, No. 1

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1589067940
Total Pages : 248 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis IMF Staff Papers, Volume 56, No. 1 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 56, No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2009-06-01 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This special issue brings together world-renowned experts to provide a systematic and critical analysis of the costs and benefits of financial globalization. Contributors include Kenneth Rogoff, Maurice Obstfeld, Dani Rodrik, and Frederic S. Mishkin.

IMF Staff Papers, Volume 52, No. 1

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781589064195
Total Pages : 156 pages
Book Rating : 4.0/5 (641 download)

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Book Synopsis IMF Staff Papers, Volume 52, No. 1 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 52, No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2005-04-18 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first issue of IMF Staff Papers for 2005 contains 7 papers that discuss: whether output recovered after the Asian crisis; the value of a country's trading partners to its own economic growth; whether interdependence is a factor in understanding the spread of currency crises; can remittance payments from expatriates be a reliable source of capital for economic development?; total factor productivity; designing a VAT for the energy trade in Russia and Ukraine; and lastly, a discussion of the reasons for central bank intervention in ERM-I since 1993