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Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks? »
Source: Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks?
Volume/Issue: 2015/159
Series: IMF Working Papers
Author(s): Olivier Blanchard , Gustavo Adler , and Irineu de Carvalho Filho
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 July 2015
ISBN: 9781513585840
Keywords: exchange rate, gross capital flows, exchange, market, General,
Many emerging market economies have relied on foreign exchange intervention (FXI) in response to gross capital inflows. In this paper, we study whether FXI has been an effective tool to dampen the effects of these...
Chapter 2. Benefits of More Global and Regional Financial Integration in Latin America »
Source: Financial Integration in Latin America : A New Strategy for a New Normal
Series: Books
Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 April 2017
ISBN: 9781513520247
Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration
After a period of endemic economic and financial crises during the 1980s to 1990s, many Latin American countries opened up their previously closed economies to international financial institutions at the tur...
Chapter 9. Global Financial Shocks and Gross Capital Flows in Latin America »
Source: Latin America : New Challenges to Growth and Stability
Series: Books
Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 23 December 2014
ISBN: 9781498328166
Keywords: debt, commodity, fiscal policy, interest, growth
Global financial markets have been a source of sizable shocks over the past decade, with broad repercussions across emerging markets. Stark examples are the crisis triggered by the...
CHAPTER 4 Global Liquidity Expansion: Effects on “Receiving” Economies and Policy Response Options »
Source: Global Financial Stability Report, April 2010 : Meeting New Challenges to Stability and Building a Safer System
Series: Global Financial Stability Report
Author(s): International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 20 May 2010
ISBN: 9781589069169
Keywords: loans, capital inflows, interest, debt, financial stability
Summary The transmission of abundant global liquidity and the accompanying surge in capital flows to economies with comparatively higher interest rates and a stronger growth outlook...
CHAPTER II GLOBAL FINANCIAL MARKET DEVELOPMENTS »
Source: Global Financial Stability Report, September 2004 : 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: 13 September 2004
ISBN: 9781589063785
Keywords: pension, pension funds, hedge, hedge funds, pension fund
Financial markets are adjusting with equanimity to the onset of the interest rate tightening cycle. The well-crafted communications strategy of the U.S. Federal Reserve Board prepared markets fully for the f...
Chapter 8. Riding Global Waves: The Impact of External Financial Shocks on Emerging Market Economies »
Source: Latin America : New Challenges to Growth and Stability
Series: Books
Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 23 December 2014
ISBN: 9781498328166
Keywords: debt, commodity, fiscal policy, interest, growth
Several years have passed since the bankruptcy of Lehman Brothers marked the beginning of a global storm that put many advanced economies on the verge of a financial meltdown. Finan...
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...
Emerging Economy Responses to the Global Financial Crisis of 2007-09 - An Empirical Analysis of the Liquidity Easing Measures »
Source: Emerging Economy Responses to the Global Financial Crisis of 2007-09 - An Empirical Analysis of the Liquidity Easing Measures
Volume/Issue: 2009/265
Series: IMF Working Papers
Author(s): Etienne Yehoue
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2009
ISBN: 9781451874105
Keywords: Financial Markets, Monetary Policy, Central Banking, exchange rate, current account, foreign exchange, central bank, external debt
This paper draws on a unique data set on the nontraditional systemic liquidity easing measures recently undertaken by many emerging market economies. It offers an empirical analysis of the key determinants affectin...
Global Financial Regulatory Reform »
Source: Global Financial Regulatory Reform : Implications for Latin America and the Caribbean (LAC)
Volume/Issue: 2009/19
Series: IMF Staff Position Notes
Author(s): Robert Rennhack
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 July 2009
ISBN: 9781462378791
Keywords: Financial institutions, Financial systems, Bank reforms, Bank regulations, Banking sector, Bank supervision, Basel Core Principles, Caribbean, Central banks, Governance
The Latin America and Caribbean (LAC) region has weathered the global financial crisis reasonably well so far, although tighter global financial conditions began to take their toll on trade, capital flows and econo...
Global Financial Shocks and Foreign Asset Repatriation »
Source: Global Financial Shocks and Foreign Asset Repatriation : Do Local Investors Play a Stabilizing Role?
Volume/Issue: 2014/60
Series: IMF Working Papers
Author(s): Gustavo Adler , Marie-Louise Djigbenou , and Sebastian Sosa
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 April 2014
ISBN: 9781484353349
Keywords: gross capital flows, foreign assets, global financial shocks, capital inflows, net capital, net capital flows, capital outflows, General, Open Economy Macroeconomics,
We study the dynamic response of gross capital flows in emerging market economies to different global financial shocks, using a panel vector-autoregressive (PVAR) setting. Our focus lies primarily on the potentiall...