Browse

You are looking at 1 - 10 of 32 items :

  • Type: Books and Journals x
The Lender of Last Resort Function after the Global Financial Crisis

The Lender of Last Resort Function after the Global Financial Crisis »

Volume/Issue: 2016/10

Series: IMF Working Papers

Author(s): Marc Dobler , Simon Gray , Diarmuid Murphy , and Bozena Radzewicz-Bak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2016

DOI: http://dx.doi.org/10.5089/9781498355995.001

ISBN: 9781498355995

Keywords: collateral, risk control measures, market, lender, liquidity, central bank, Government Policy and Regulation, All Countries,, Lender of last resort, Central banks and their policies

The global financial crisis (GFC) has renewed interest in emergency liquidity support (sometimes referred to as “Lender of Last Resort”) provided by central banks to financial institutions and challenged the tradit...

National Income and Its Distribution

National Income and Its Distribution »

Volume/Issue: 2014/101

Series: IMF Working Papers

Author(s): Markus Bruckner , Era Dabla-Norris , and Mark Gradstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 June 2014

DOI: http://dx.doi.org/10.5089/9781498347815.001

ISBN: 9781498347815

Keywords: inequality, growth, gini, gini coefficient, dependent variable, Personal Income and Wealth Distribution, Macroeconomic Analyses of Economic Development,

Does the distribution of income within a country become more equal as it grows richer? This paper uses plausibly exogenous variations in trade-weighted world income and international oil price shocks as instruments...

The Global Financial Crisis
			: An Anatomy of Global Growth

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

DOI: http://dx.doi.org/10.5089/9781484362013.001

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...

Short-Term Wholesale Funding and Systemic Risk
			: A Global Covar Approach

Short-Term Wholesale Funding and Systemic Risk : A Global Covar Approach »

Volume/Issue: 2012/46

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

DOI: http://dx.doi.org/10.5089/9781463936471.001

ISBN: 9781463936471

Keywords: Wholesale Funding, Macroprudential Regulation, recapitalization, financial system, contagion, Multiple or Simultaneous Equation Models: General, Financial Institutions and Services: General, General Financial Markets,

In this paper we identify some of the main factors behind systemic risk in a set of international large-scale complex banks using the novel CoVaR approach. We find that short-term wholesale funding is a key determi...

The Global Macroeconomic Costs of Raising Bank Capital Adequacy Requirements

The Global Macroeconomic Costs of Raising Bank Capital Adequacy Requirements »

Volume/Issue: 2012/44

Series: IMF Working Papers

Author(s): Francis Vitek , and Scott Roger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

DOI: http://dx.doi.org/10.5089/9781463936457.001

ISBN: 9781463936457

Keywords: Basel III, inflation, monetary fund, Financial Markets and the Macroeconomy, Open Economy Macroeconomics, Financial Institutions and Services: Government Policy and Regulation,

This paper examines the transitional macroeconomic costs of a synchronized global increase in bank capital adequacy requirements under Basel III, as well as a capital increase covering globally systemically importa...

Finance & Development, September 2011

Finance & Development, September 2011 »

Volume/Issue: 48/3

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 September 2011

DOI: http://dx.doi.org/10.5089/9781451953633.022

ISBN: 9781451953633

Keywords: bond, economic crisis, global economic crisis, financial sector, debt crisis

All for One examines inequality and the many ways it matters. In our overview article, the World bank's Branko Milanovic explains how income inequality is measured and tells us that it's increased in most countries...

Globalization, the Business Cycle, and Macroeconomic Monitoring

Globalization, the Business Cycle, and Macroeconomic Monitoring »

Volume/Issue: 2011/25

Series: IMF Working Papers

Author(s): S. Boragan Aruoba , Marco Terrones , Ayhan Kose , and Francis Diebold

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2011

DOI: http://dx.doi.org/10.5089/9781455216727.001

ISBN: 9781455216727

Keywords: Expansion, Contraction, Recession, Turning Point, Dynamic factor model, Nowcasting, Real-time analysis, business cycle, business cycles, correlations

We propose and implement a framework for characterizing and monitoring the global business cycle. Our framework utilizes high-frequency data, allows us to account for a potentially large amount of missing observati...

Do Credit Shocks Matter? A Global Perspective

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

DOI: http://dx.doi.org/10.5089/9781455209613.001

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...

The Impact of the Global Crisis on Canada-What Do Macro-Financial Linkages Tell Us?

The Impact of the Global Crisis on Canada-What Do Macro-Financial Linkages Tell Us? »

Volume/Issue: 2010/5

Series: IMF Working Papers

Author(s): Rupa Duttagupta , and N. Barrera

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2010

DOI: http://dx.doi.org/10.5089/9781451961751.001

ISBN: 9781451961751

Keywords: Macro-financial linkages, Bayesian VAR estimation, lending standards, real gdp, gdp growth, standards, growth rate,

This paper builds a Bayesian VAR estimation model of growth for Canada, by focusing specifically on the role of external and domestic financial indicators, including credit conditions. A variance decomposition show...

Fiscal Implications of the Global Economic and Financial Crisis

Fiscal Implications of the Global Economic and Financial Crisis »

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 September 2009

DOI: http://dx.doi.org/10.5089/9781589068506.084

ISBN: 9781589068506

Keywords: Budgets, Developed countries, Emerging markets, Financial institutions, Public finance, Pension funds, Global Financial Crisis 2008-2009, Fiscal stability, financial sector, deposit insurance

The economic and financial crisis is affecting the fiscal accounts of virtually every country. Public sector support for the financial system, fiscal stimulus and the automatic stabilizers, as well as the revenue d...