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The Endogenous Skill Bias of Technical Change and Inequality in Developing Countries

The Endogenous Skill Bias of Technical Change and Inequality in Developing Countries »

Source: The Endogenous Skill Bias of Technical Change and Inequality in Developing Countries

Volume/Issue: 2013/50

Series: IMF Working Papers

Author(s): Alberto Behar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2013

ISBN: 9781475536959

Keywords: Skill-biased Technical Change, skilled workers, unskilled labor, trade liberalization, unskilled workers, General, Technological Change: Choices and Consequences,

This paper draws on existing empirical literature and an original theoretical model to argue that globalization and skill supply affect the extent to which technology adoption in developing countries favors skilled...

Financial Spillovers to Emerging Markets During the Global Financial Crisis

Financial Spillovers to Emerging Markets During the Global Financial Crisis »

Source: Financial Spillovers to Emerging Markets During the Global Financial Crisis

Volume/Issue: 2009/104

Series: IMF Working Papers

Author(s): Nathaniel Frank , and Heiko Hesse

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2009

ISBN: 9781451872514

Keywords: Subprime Crisis, Solvency, GARCH, bond, stock market, financial institutions,

In this paper potential financial linkages between liquidity and bank solvency measures in advanced economies and emerging market (EM) bond and stock markets are analyzedduring the latest crisis. A multivariate GAR...

Global Financial Spillovers to Emerging Market Sovereign Bond Markets1

Global Financial Spillovers to Emerging Market Sovereign Bond Markets1 »

Source: Global Financial Spillovers to Emerging Market Sovereign Bond Markets

Volume/Issue: 2015/141

Series: IMF Working Papers

Author(s): Christian Ebeke , and Annette Kyobe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2015

ISBN: 9781513552750

Keywords: Financial shocks, EM bond markets, Non-linearity, markets, currency, bond, holdings,

Foreign holdings of emerging markets (EMs) government bonds have increased substantially over the last decade. While foreign participation in local-currency sovereign bond markets provides an additional source of f...

Global Financial Transmission into Sub-Saharan Africa – A Global Vector Autoregression Analysis

Global Financial Transmission into Sub-Saharan Africa – A Global Vector Autoregression Analysis »

Source: Global Financial Transmission into Sub-Saharan Africa - A Global Vector Autoregression Analysis

Volume/Issue: 2014/241

Series: IMF Working Papers

Author(s): Jorge Canales Kriljenko , Mehdi Hosseinkouchack , and Alexis Meyer-Cirkel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 December 2014

ISBN: 9781498305051

Keywords: GVAR, Financial Transmission, prices, output, commodity, equity, commodity prices, Models with Panel Data, Forecasting and Simulation, Forecasting and Simulation,

Sub-Saharan African countries are exposed to spillovers from global financial variables, but the impact on economic activity is more significant in more financially developed economies. Generalized impulse response...

The Global Integrated Monetary and Fiscal Model (GIMF) - Theoretical Structure

The Global Integrated Monetary and Fiscal Model (GIMF) - Theoretical Structure »

Source: The Global Integrated Monetary and Fiscal Model (GIMF) - Theoretical Structure

Volume/Issue: 2010/34

Series: IMF Working Papers

Author(s): Douglas Laxton , Susanna Mursula , Michael Kumhof , and Dirk Muir

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2010

ISBN: 9781451962734

Keywords: Fiscal Policy Rules, Monetary Policy Rules, Multi-Region DSGE Models, Overlapping Generations Households, Liquidity Constrained Households, Financial Accelerator, Macro-Financial Linkages, Raw Materials Sector, investment goods, fiscal stimulus

This working paper presents a comprehensive overview of the theoretical structure of the Global Integrated Monetary and Fiscal Model (GIMF), a multi-region dynamic general equilibrium model that is used by the IMF...

ICT, Financial Inclusion, and Growth

ICT, Financial Inclusion, and Growth »

Source: ICT, Financial Inclusion, and Growth : Evidence from African Countries

Volume/Issue: 2011/73

Series: IMF Working Papers

Author(s): Kangni Kpodar , and Mihasonirina Andrianaivo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2011

ISBN: 9781455227068

Keywords: ICT, mobile financial services, internet, mobile telephone, telephone subscribers, telecommunications, Economic Growth and Aggregate Productivity: General, Financial Institutions and Services: General,

This paper studies the impact of information and communication technologies (ICT), especially mobile phone rollout, on economic growth in a sample of African countries from 1988 to 2007. Further, we investigate whe...

A Latent Factor Model with Global, Country, and Industry Shocks for International Stock Returns

A Latent Factor Model with Global, Country, and Industry Shocks for International Stock Returns »

Volume/Issue: 2005/52

Series: IMF Working Papers

Author(s): Marco Del Negro , and Robin Brooks

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

DOI: http://dx.doi.org/10.5089/9781451860719.001

ISBN: 9781451860719

Keywords: Diversification, risk, stock returns, standard deviation, equation, standard deviations, correlation,

We estimate a latent factor model that decomposes international stock returns into global, country-, and industry-specific shocks and allows for stock-specific exposures to these shocks. We find that across stocks...

Financial Spillovers to Emerging Markets During the Global Financial Crisis

Financial Spillovers to Emerging Markets During the Global Financial Crisis »

Volume/Issue: 2009/104

Series: IMF Working Papers

Author(s): Nathaniel Frank , and Heiko Hesse

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2009

DOI: http://dx.doi.org/10.5089/9781451872514.001

ISBN: 9781451872514

Keywords: Subprime Crisis, Solvency, GARCH, bond, stock market, financial institutions,

In this paper potential financial linkages between liquidity and bank solvency measures in advanced economies and emerging market (EM) bond and stock markets are analyzedduring the latest crisis. A multivariate GAR...

Global Financial Spillovers to Emerging Market Sovereign Bond Markets

Global Financial Spillovers to Emerging Market Sovereign Bond Markets »

Volume/Issue: 2015/141

Series: IMF Working Papers

Author(s): Christian Ebeke , and Annette Kyobe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2015

DOI: http://dx.doi.org/10.5089/9781513552750.001

ISBN: 9781513552750

Keywords: Financial shocks, EM bond markets, Non-linearity, markets, currency, bond, holdings,

Foreign holdings of emerging markets (EMs) government bonds have increased substantially over the last decade. While foreign participation in local-currency sovereign bond markets provides an additional source of f...

Global Financial Transmission into Sub-Saharan Africa - A Global Vector Autoregression Analysis

Global Financial Transmission into Sub-Saharan Africa - A Global Vector Autoregression Analysis »

Volume/Issue: 2014/241

Series: IMF Working Papers

Author(s): Jorge Canales Kriljenko , Mehdi Hosseinkouchack , and Alexis Meyer-Cirkel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 December 2014

DOI: http://dx.doi.org/10.5089/9781498305051.001

ISBN: 9781498305051

Keywords: GVAR, Financial Transmission, prices, output, commodity, equity, commodity prices, Models with Panel Data, Forecasting and Simulation, Forecasting and Simulation,

Sub-Saharan African countries are exposed to spillovers from global financial variables, but the impact on economic activity is more significant in more financially developed economies. Generalized impulse response...