Volume/Issue: 2008/143
Series: IMF Working Papers
Author(s):
Ayhan Kose
,
Eswar Prasad
, and
Christopher Otrok
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
June
2008
ISBN: 9781451870015
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups-industrial countries, emerging markets,...
Volume/Issue: 2014/60
Series: IMF Working Papers
Author(s):
Gustavo Adler
,
Marie-Louise Djigbenou
, and
Sebastian Sosa
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
16
April
2014
ISBN: 9781484353349
We study the dynamic response of gross capital flows in emerging market economies to different global financial shocks, using a panel vector-autoregressive (PVAR) setting. Our focus lies primarily on the potentiall...
Volume/Issue: 2013/38
Series: IMF Working Papers
Author(s):
Hideaki Hirata
,
Ayhan Kose
,
Christopher Otrok
, and
Marco Terrones
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
06
February
2013
ISBN: 9781475523621
We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronized are housing cycles across these countries? Second, w...
Volume/Issue: 2014/69
Series: IMF Working Papers
Author(s):
Eugenio Cerutti
,
Stijn Claessens
, and
Lev Ratnovski
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
29
April
2014
ISBN: 9781475517729
This paper provides a definition of global liquidity consistent with its meaning as the 'ease of financing' in international financial markets. Using a longer time series and broader sample of countries than in pre...
Volume/Issue: 2005/161
Series: IMF Working Papers
Author(s):
Gian Milesi-Ferretti
, and
Philip Lane
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
August
2005
ISBN: 9781451861808
This paper highlights the increased dispersion in net external positions in recent years, particularly among industrial countries. It provides a simple accounting framework that disentangles the factors driving the...
Volume/Issue: 2005/181
Series: IMF Working Papers
Author(s):
Andrew Swiston
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
September
2005
ISBN: 9781451862003
This paper analyzes various indicators of the U.S. international investment position from a portfolio perspective. The 1990s saw a decline in home bias, which, coupled with rapid financial deepening, led to a large...
Volume/Issue: 1991/34
Series: IMF Working Papers
Author(s):
David Goldsbrough
, and
Ranjit Teja
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
March
1991
ISBN: 9781451978780
This paper analyzes the consequences of the growing interdependence of world financial markets for Pacific developing countries. Section I discusses trends in financial integration in the Pacific and the underlying...
Volume/Issue: 2007/238
Series: IMF Working Papers
Author(s):
Marco Terrones
,
Ayhan Kose
, and
Eswar Prasad
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
October
2007
ISBN: 9781451868029
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. This paper provides a comprehensive empirical evaluation of the patterns of risk...
Volume/Issue: 2003/27
Series: IMF Working Papers
Author(s):
Ayhan Kose
,
Eswar Prasad
, and
Marco Terrones
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
04
March
2003
ISBN: 9781451844542
This paper examines the impact of rising trade and financial integration on international business cycle comovement among a large group of industrial and developing countries. The results provide at best limited su...
Volume/Issue: 2005/161
Series: IMF Working Papers
Author(s):
Gian Milesi-Ferretti
, and
Philip Lane
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
August
2005
DOI: http://dx.doi.org/10.5089/9781451861808.001
ISBN: 9781451861808
This paper highlights the increased dispersion in net external positions in recent years, particularly among industrial countries. It provides a simple accounting framework that disentangles the factors driving the...