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CHAPTER 1. ASSESSING RISKS TO GLOBAL FINANCIAL STABILITY »
Source: Global Financial Stability Report, October 2007 : Financial Market Turbulence Causes, Consequences, and Policies
Series: Global Financial Stability Report
Author(s): International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 October 2007
ISBN: 9781589066762
Keywords: capital inflows, hedge funds, hedge, risk management, financial stability
Following an extended period of exceptionally favorable financial market conditions, international markets have entered a difficult period. The current episode of turbulence represents the first significant...
CHAPTER 12 Bedfellows, Hostages, or Perfect Strangers? Global Capital Markets and the Catalytic Effect of IMF Crisis Lending »
Source: IMF-Supported Programs : Recent Staff Research
Series: Seminar Volumes
Author(s): Alessandro Rebucci , and Ashoka Mody
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 03 April 2006
ISBN: 9781589063617
Keywords: International Monetary Fund, current account, capital flows, private capital, private capital flows, conditionality
Introduction Ever since Walter Bagehot’s times, it has been recognized that emergency liquidity support, to be effective, must in principle be unlimited. Of course, the precept shoul...
CHAPTER I ASSESSING GLOBAL FINANCIAL RISKS »
Source: Global Financial Stability Report, April 2007 : Market Developments and Issues
Series: Global Financial Stability Report
Author(s): International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 April 2008
ISBN: 9781589066373
Keywords: hedge funds, hedge, financial stability, bond, banking
Developments since the September 2006 Global Financial Stability Report (GFSR) have been broadly in line with the baseline scenario of solid economic growth, while near-term economic risks have eased. Howeve...
CHAPTER III THE GLOBALIZATION OF FINANCIAL INSTITUTIONS AND ITS IMPLICATION FOR FINANCIAL STABILITY »
Source: Global Financial Stability Report, April 2007 : Market Developments and Issues
Series: Global Financial Stability Report
Author(s): International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 April 2008
ISBN: 9781589066373
Keywords: hedge funds, hedge, financial stability, bond, banking
The globalization of financial institutions appears to have accelerated over the past decade and has important implications for financial stability. 1 This chapter reviews develop...
Characterizing Global Investors' Risk Appetite for Emerging Market Debt During Financial Crises »
Source: Characterizing Global Investors' Risk Appetite for Emerging Market Debt During Financial Crises
Volume/Issue: 2003/251
Series: IMF Working Papers
Author(s): Brenda Gonzalez-Hermosillo , Vance Martin , Mardi Dungey , and Renee Fry
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2003
ISBN: 9781451875928
Keywords: Risk Aversion, SVAR, bond, bond spreads, statistics, financial markets, Multiple or Simultaneous Equation Models: Models with Panel Data, Financial Markets and the Macroeconomy, International Lending and Debt Problems,
The effects of unanticipated movements in global risk on nine emerging bond markets are investigated. The components of global risk are volatility, credit, and liquidity risks. Country and contagion risks are also...
The Distributional Bias of Public Education »
Source: The Distributional Bias of Public Education : Causes and Consequences
Volume/Issue: 2004/214
Series: IMF Working Papers
Author(s): Mark Gradstein , and Era Dabla-Norris
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2004
ISBN: 9781451875027
Keywords: Public education, incidence bias, inequality, education spending, income inequality, private education, Publicly Provided Private Goods, Macroeconomic Analyses of Economic Development,
While public education is often intended to be progressive in its effects on income distribution, in reality its incidence is often skewed toward the rich. This paper argues that the extent of this bias is directly...
3. Emerging Europe and the Global Crisis: Lessons from the Boom and Bust »
Source: Regional Economic Outlook, October 2010, Europe, Building Confidence
Series: Regional Economic Outlook
Author(s): International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 20 October 2010
ISBN: 9781589069510
Keywords: capital inflows, exchange rate, fiscal consolidation, fiscal policy, capital flows
Two years after the collapse of Lehman Brothers, emerging Europe 22 has begun its recovery from its deepest post-transition recession. While the recovery remain...
The End of An Era? the Medium- and Long-Term Effects of the Global Crisison Growth in Low-Income Countries1 »
Source: The End of An Era? the Medium- and Long-Term Effects of the Global Crisison Growth in Low-Income Countries
Volume/Issue: 2010/205
Series: IMF Working Papers
Author(s): Chris Papageorgiou , Andrew Berg , Catherine Pattillo , and Nicola Spatafora
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2010
ISBN: 9781455205363
Keywords: Global financial crisis, low-income countries, medium- and long-term growth, impulse response functions, growth spells, panel growth regressions, terms of trade, pre-crisis, post-crisis growth, exchange rate regime
This paper investigates the medium- and long-term growth effects of the global financial crises on Low-Income Countries (LICs). Using several methodological approaches, including impulse response function analysis,...
External Adjustment and the Global Crisis »
Source: External Adjustment and the Global Crisis
Volume/Issue: 2011/197
Series: IMF Working Papers
Author(s): Gian Milesi-Ferretti , and Philip Lane
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2011
ISBN: 9781462304240
Keywords: Global crisis, exchange rate regime, current account balances, current account adjustment, current account balance, current account deficits,
After widening substantially in the period preceding the global financial crisis, current account imbalances across the world have contracted to a significant extent. This paper analyzes the factors underlying this...
Financial Globalization and Fiscal Perfomance in Emerging Markets »
Source: Financial Globalization and Fiscal Perfomance in Emerging Markets
Volume/Issue: 2005/212
Series: IMF Working Papers
Author(s): David Hauner , and Manmohan Kumar
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2005
ISBN: 9781451862317
Keywords: interest rate spreads, external debt, fiscal transparency, debt service, fiscal impact, National Government Expenditures And Related Policies,
In recent years financial globalization and benign global market conditions have helped emerging markets in their external financing and budgetary positions. This paper examines three related issues: (i) the import...