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Assessing the Fragility of Global Trade »
Source: Assessing the Fragility of Global Trade : The Impact of Localized Supply Shocks Using Network Analysis
Volume/Issue: 2017/30
Series: IMF Working Papers
Author(s): Yevgeniya Korniyenko , Magali Pinat , and Brian Dew
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 February 2017
ISBN: 9781475578515
Keywords: External shocks, Imports, International trade, International trade, Spillovers, Supply, Manufactured goods, supply shocks, network analysis, Country and Industry Studies of Trade
Anecdotal evidence suggests the existence of specific choke points in the global trade network revealed especially after natural disasters (e.g. hard drive components and Thailand flooding, Japanese auto components...
Connected to Whom? International Interbank Borrowing During the Global Crisis »
Source: Connected to Whom? International Interbank Borrowing During the Global Crisis
Volume/Issue: 2013/14
Series: IMF Working Papers
Author(s): Kalin Tintchev
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 January 2013
ISBN: 9781475542028
Keywords: counterparty risk, financial interconnectedness, banking, banking system, credit risk, General, International Lending and Debt Problems, Open Economy Macroeconomics, International Policy Coordination and Transmission,
The unprecedented collapse of international interbank borrowing was a prominent feature of the global financial crisis that started in August 2007. This paper focuses on the drivers of the retrenchment from 32 adva...
Do Credit Shocks Matter? A Global Perspective »
Source: Do Credit Shocks Matter? A Global Perspective
Volume/Issue: 2010/261
Series: IMF Working Papers
Author(s): Thomas Helbling , Ayhan Kose , Christopher Otrok , and Raju Huidrom
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2010
ISBN: 9781455209613
Keywords: credit spreads, macroeconomic fluctuations, global recession, recession, recessions, global recessions, financial markets, Financial Markets and the Macroeconomy, Financial Aspects of Economic Integration, Open Economy Macroeconomics
This paper examines the importance of credit market shocks in driving global business cycles over the period 1988:1-2009:4. We first estimate common components in various macroeconomic and financial variables of th...
Evolution of the Global Financial Network and Contagion: A New Approach1 »
Source: Evolution of the Global Financial Network and Contagion: A New Approach
Volume/Issue: 2018/113
Series: IMF Working Papers
Author(s): Yevgeniya Korniyenko , Manasa Patnam , Rita Maria del Rio-Chanon , and Mason Porter
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 May 2018
ISBN: 9781484353240
Keywords: Spillovers, Financial contagion, International financial markets, network analysis, Neural Networks and Related Topics, International Lending and Debt Problems, International Policy Coordination and Transmission, Globalization: Finance
This paper studies the interconnectedness of the global financial system and its susceptibility to shocks. A novel multilayer network framework is applied to link debt and equity exposures across countries. Use of...
The Global Financial Crisis »
Source: The Global Financial Crisis : An Anatomy of Global Growth
Volume/Issue: 2013/76
Series: IMF Working Papers
Author(s): Troy Matheson
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 27 March 2013
ISBN: 9781484362013
Keywords: Growth Synchronization, global shocks, global financial crisis, idiosyncratic shocks, pre-crisis, Bayesian Analysis, Time-Series Models, International Policy Coordination and Transmission, Open Economy Macroeconomics,
The global financial crisis was a stark reminder of the importance of cross-country linkages in the global economy. We document growth synchronization across a diverse group of 185 countries covering 7 regions, and...
Global Liquidity »
Source: Global Liquidity : Availability of Funds for Safe and Risky Assets
Volume/Issue: 2011/136
Series: IMF Working Papers
Author(s): Akito Matsumoto
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2011
ISBN: 9781455264452
Keywords: world risk-free rate, unconventional monetary policy, liquidity, exchange rate, monetary policy, international reserves, interest rates, International Policy Coordination and Transmission, Macroeconomics And Monetary Economics, Money And Interest Rates,
What is global liquidity and how does it affect an economy? The paper addresses that question by looking at liquidity from two different perspectives: global liquidity as availability of funds in safe and risky ass...
Global Liquidity Transmission to Emerging Market Economies, and Their Policy Responses* »
Source: Global Liquidity Transmission to Emerging Market Economies, and Their Policy Responses
Volume/Issue: 2017/222
Series: IMF Working Papers
Author(s): Woon Choi , Taesu Kang , Geun-Young Kim , and Byongju Lee
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 October 2017
ISBN: 9781484325216
Keywords: Global liquidity, Inflation targeting, Panel Factor-Augmented VAR, International Policy Coordination and Transmission
This paper distills and identifies global liquidity (GL) momenta from the macro-financial data of advanced economies through a factor model with sign restrictions as policy-driven, market-driven, and risk aversenes...
Global Monetary Tightening »
Source: Global Monetary Tightening : Emerging Markets Debt Dynamics and Fiscal Crises
Volume/Issue: 2014/215
Series: IMF Working Papers
Author(s): Julio Escolano , Christina Kolerus , and Constant Lonkeng Ngouana
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 12 December 2014
ISBN: 9781475584691
Keywords: Debt dynamics, sovereign debt crisis, unconventional, debt, bond, interest, Monetary Policy (Targets, Instruments, and Effects), International Lending and Debt Problems
This paper finds that tightening global financial conditions can worsen emerging economies' public debt dynamics through an increasing interest rate-growth differential, particularly if coupled with high global ris...
Has Globalization Really Increased Business Cycle Synchronization? »
Source: Has Globalization Really Increased Business Cycle Synchronization?
Volume/Issue: 2016/54
Series: IMF Working Papers
Author(s): Eric Monnet , and Damien Puy
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 March 2016
ISBN: 9781513564890
Keywords: International Business Cycles, Synchronization, business cycle, economies, Open Economy Macroeconomics, International Policy Coordination and Transmission, All Countries,
This paper assesses the strength of business cycle synchronization between 1950 and 2014 in a sample of 21 countries using a new quarterly dataset based on IMF archival data. Contrary to the common wisdom, we find...
House Price Synchronicity, Banking Integration, and Global Financial Conditions »
Source: House Price Synchronicity, Banking Integration, and Global Financial Conditions
Volume/Issue: 2018/250
Series: IMF Working Papers
Author(s): Adrian Alter , Jane Dokko , and Dulani Seneviratne
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 November 2018
ISBN: 9781484385692
Keywords: Housing market; global liquidity; financial conditions; banking intergration; business cycles, Housing market, global liquidity, financial conditions, banking intergration, business cycles, General, International Policy Coordination and Transmission, International Business Cycles
We examine the relationship between house price synchronicity and global financial conditions across 40 countries and about 70 cities over the past three decades. The role played by cross-border banking flows in re...