Search Results

You are looking at 11 - 20 of 33 items

  • Keyword: International Policy Coordination an... x
Clear All Modify Search
How Does Globalization Affect the Synchronization of Business Cycles?

How Does Globalization Affect the Synchronization of Business Cycles? »

Source: How Does Globalization Affect the Synchronization of Business Cycles?

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

Keywords: Macroeconomic fluctuations, trade and financial integration, output and consumption comovement, correlations, financial integration, capital flows, correlation, Open Economy Macroeconomics, International Policy Coordination and Transmission,

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...

How Does the Global Economic Environment Influence the Demand for IMF Resources?

How Does the Global Economic Environment Influence the Demand for IMF Resources? »

Source: How Does the Global Economic Environment Influence the Demand for IMF Resources?

Volume/Issue: 2006/239

Series: IMF Working Papers

Author(s): Selim Elekdag

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2006

ISBN: 9781451864991

Keywords: prediction, IMF lending capacity, IMF income position, probability, current account, predictions, current account balance, credit tranches, Global Outlook, International Monetary Arrangements and Institutions

The main objective of this paper is to quantify the relationship between the global economic environment and the number of Stand-By Arrangements (SBAs). The results suggest that oil prices, world interest rates, an...

Assessing the Fragility of Global Trade
			: The Impact of Localized Supply Shocks Using Network Analysis

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

DOI: http://dx.doi.org/10.5089/9781475578515.001

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

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

DOI: http://dx.doi.org/10.5089/9781475542028.001

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

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...

Evolution of the Global Financial Network and Contagion: A New Approach

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

DOI: http://dx.doi.org/10.5089/9781484353240.001

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...

FDI Flows to Low-Income Countries
			: Global Drivers and Growth Implications

FDI Flows to Low-Income Countries : Global Drivers and Growth Implications »

Volume/Issue: 2010/132

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2010

DOI: http://dx.doi.org/10.5089/9781455201150.001

ISBN: 9781455201150

Keywords: FDI, Business Cycle, Low-income Countries, host country, direct investment, bilateral trade, foreign direct investment, International Policy Coordination and Transmission, Economic Growth of Open Economies, International Factor Movements And International Business,

What accounts for variations in FDI flows from advanced to developing countries? How have FDI inflows explained cross-country growth experiences? In this paper we tackle both these questions empirically for a large...

Fiscal Consolidation in Israel
			: A Global Fiscal Model Perspective

Fiscal Consolidation in Israel : A Global Fiscal Model Perspective »

Volume/Issue: 2006/253

Series: IMF Working Papers

Author(s): Natan Epstein , Selim Elekdag , and Marialuz Moreno Badia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2006

DOI: http://dx.doi.org/10.5089/9781451865134.001

ISBN: 9781451865134

Keywords: distortionary taxes, tax cuts, government deficit, Open Economy Macroeconomics, International Policy Coordination and Transmission, Taxation, Subsidies, and Revenue: General, Fiscal Policies and Behavior of Economic Agents: General,

Fiscal consolidation has become an important policy prescription for many emerging market countries (EMCs), particularly for the highly indebted ones. Although prudent fiscal policies tend to reduce vulnerabilities...

Global Liquidity Transmission to Emerging Market Economies, and Their Policy Responses

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

DOI: http://dx.doi.org/10.5089/9781484325216.001

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
			: Emerging Markets Debt Dynamics and Fiscal Crises

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

DOI: http://dx.doi.org/10.5089/9781475584691.001

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...