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Global Housing Cycles

Global Housing Cycles »

Source: Global Housing Cycles

Volume/Issue: 2012/217

Series: IMF Working Papers

Author(s): Deniz Igan , and Prakash Loungani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2012

ISBN: 9781475505672

Keywords: Housing Cycles, Mortgage Markets, mortgage, real estate, housing markets, housing finance, foreclosure, Financial Markets and the Macroeconomy, Macroeconomic Aspects of International Trade and Finance: General,

Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention following the global financial crisis. This paper documents the characteristics of housing cycles in...

Global Liquidity, House Prices, and the Macroeconomy

Global Liquidity, House Prices, and the Macroeconomy »

Source: Global Liquidity, House Prices, and the Macroeconomy : Evidence from Advanced and Emerging Economies

Volume/Issue: 2015/23

Series: IMF Working Papers

Author(s): Ambrogio Cesa-Bianchi , Luis Felipe Cespedes , and Alessandro Rebucci

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2015

ISBN: 9781484346037

Keywords: C32, E44, F44, economies, liquidity, advanced economies, exchange rate, Time-Series Models, Financial Markets and the Macroeconomy, International Business Cycles

In this paper we first compare house price cycles in advanced and emerging economies using a new quarterly house price data set covering the period 1990-2012. We find that house prices in emerging economies grow fa...

The Global Macroeconomic Costs of Raising Bank Capital Adequacy Requirements

The Global Macroeconomic Costs of Raising Bank Capital Adequacy Requirements »

Source: 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

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...

Global Market Conditions and Systemic Risk1

Global Market Conditions and Systemic Risk1 »

Source: Global Market Conditions and Systemic Risk

Volume/Issue: 2009/230

Series: IMF Working Papers

Author(s): Brenda Gonzalez-Hermosillo , and Heiko Hesse

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2009

ISBN: 9781451873771

Keywords: Global Financial Crises, Subprime Crisis, Volatility, Solvency, Markov-Switching, financial institutions, financial system, contagion, Multiple or Simultaneous Equation Models: Time-Series Models, Financial Markets and the Macroeconomy,

This paper examines several key global market conditions, such as a proxy for market uncertainty and measures of interbank funding stress, to assess financial volatility and the likelihood of crisis. Using Markov r...

Global Spillovers into Domestic Bond Markets in Emerging Market Economies*

Global Spillovers into Domestic Bond Markets in Emerging Market Economies* »

Source: Global Spillovers into Domestic Bond Markets in Emerging Market Economies

Volume/Issue: 2013/264

Series: IMF Working Papers

Author(s): Laura Jaramillo , and Anke Weber

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 2013

ISBN: 9781484328446

Keywords: Emerging Market Economies, Fiscal Deficit, Global Spillovers, bond, bond yields, domestic bond, sovereign bond, Financial Markets and the Macroeconomy,

While fiscal conditions remain healthier than in advanced economies, emerging economies continue to be exposed to negative spillovers if global conditions were to become less favorable. This paper finds that domest...

Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality

Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality »

Source: Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality : A Structural Framework for Policy

Volume/Issue: 2015/22

Series: IMF Working Papers

Author(s): Era Dabla-Norris , Yan Ji , Robert Townsend , and Filiz Unsal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 January 2015

ISBN: 9781498381598

Keywords: Financial inclusion, inequality, hetergenous agents, income, credit, gdp, wealth, equilibrium, Financial Markets and the Macroeconomy, Other

We develop a micro-founded general equilibrium model with heterogeneous agents to identify pertinent constraints to financial inclusion. We evaluate quantitatively the policy impacts of relaxing each of these const...

A network analysis of global banking
			: 1978-2009

A network analysis of global banking : 1978-2009 »

Volume/Issue: 2011/74

Series: IMF Working Papers

Author(s): Javier Reyes , and Camelia Minoiu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2011

DOI: http://dx.doi.org/10.5089/9781455227051.001

ISBN: 9781455227051

Keywords: cross-border bank lending, network analysis, banking, banking crises, banking statistics, contagion, Financial Markets and the Macroeconomy, International Lending and Debt Problems,

In this paper we explore the properties of the global banking network using cross-border bank lending data for 184 countries over 1978-2009. Specifically, we analyze financial interconnectedness using network metri...

Are Asset Price Guarantees Useful for Preventing Sudden Stops?A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff

Are Asset Price Guarantees Useful for Preventing Sudden Stops?A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff »

Volume/Issue: 2006/73

Series: IMF Working Papers

Author(s): Enrique Mendoza , and Ceyhun Bora Durdu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2006

DOI: http://dx.doi.org/10.5089/9781451863338.001

ISBN: 9781451863338

Keywords: Fisherian deflation, globalization hazard, price guarantees, bonds, trading costs, bond, Open Economy Macroeconomics, Financial Markets and the Macroeconomy, Fisherian Delfation,

An implication of the "globalization hazard" hypothesis is that sudden stops could be prevented by offering foreign investors price guarantees on emerging markets assets. These guarantees create a tradeoff, however...

Can Countries Manage Their Financial Conditions Amid Globalization?

Can Countries Manage Their Financial Conditions Amid Globalization? »

Volume/Issue: 2018/15

Series: IMF Working Papers

Author(s): Nicolas Arregui , Selim Elekdag , R. Gelos , Romain Lafarguette , and Dulani Seneviratne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2018

DOI: http://dx.doi.org/10.5089/9781484338612.001

ISBN: 9781484338612

Keywords: Monetary policy, Financial conditions, international policy transmission, Financial Markets and the Macroeconomy, General, General, General

This paper examines the evolving importance of common global components underlying domestic financial conditions. It develops financial conditions indices (FCIs) that make it possible to compare a large set of adva...

Can Islamic Banking Increase Financial Inclusion?

Can Islamic Banking Increase Financial Inclusion? »

Volume/Issue: 2015/31

Series: IMF Working Papers

Author(s): Sami Ben Naceur , Adolfo Barajas , and Alexander Massara

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2015

DOI: http://dx.doi.org/10.5089/9781498370813.001

ISBN: 9781498370813

Keywords: financial inclusion, Financial Possibility Frontier, bank, banking, banks, credit, Financial Markets and the Macroeconomy, Monetary Policy (Targets, Instruments, and Effects)

The paper analyses existing country-level information on the relationship between the development of Islamic banking and financial inclusion. In Muslim countries-members of the Organization for Islamic Cooperation...