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Capital Flows and Financial Stability »
Source: Capital Flows and Financial Stability : Monetary Policy and Macroprudential Responses
Volume/Issue: 2011/189
Series: IMF Working Papers
Author(s): Filiz Unsal
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2011
ISBN: 9781462307272
Keywords: macroprudential policies, inflation, capital goods, Open Economy Macroeconomics,
The resumption of capital flows to emerging market economies since mid 2009 has posed two sets of interrelated challenges for policymakers: (i) to prevent capital flows from exacerbating overheating pressures and c...
The Dynamics of Real Interest Rates, Real Exchange Rates and the Balance of Payments in China: 1980-2002 »
Source: The Dynamics of Real Interest Rates, Real Exchange Rates and the Balance of Payments in China : 1980-2002
Volume/Issue: 2003/67
Series: IMF Working Papers
Author(s): Zhongxia Jin
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2003
ISBN: 9781451848922
Keywords: exchange rate, foreign exchange, real exchange rate, real interest rate, exchange reserves, Econometric Methods: - Multiple/Simultaneous Equation Models, Money and Interest Rates, Macroeconomic - Aspects of Public Finance, Macroeconomic Policy, and General Outlook
Based on China's experience between 1980 and 2002, a cointegrated vector autoregression model was established to explore the relationships among real interest rates, real exchange rates and balance of payments in C...
Managing Capital Outflows - Further Operational Considerations »
Source: Managing Capital Outflows - Further Operational Considerations
Volume/Issue: 2015/039
Series: Policy Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 12 July 2015
ISBN: 9781498343930
Keywords: Capital flows, Capital outflows, Exchange rate regimes, Fiscal policy, Foreign exchange, Intervention, Monetary policy, Exchange rate policy, Exchange markets, Foreign exchange intervention
The Guidance Note for the Liberalization and Management of Capital Flows (IMF 2013a) provides operational guidance to staff on the use of the Fund's institutional view on the liberalization and management of capita...
The Effectiveness of Monetary Policy Transmission Under Capital Inflows »
Source: The Effectiveness of Monetary Policy Transmission Under Capital Inflows : Evidence from Asia
Volume/Issue: 2012/265
Series: IMF Working Papers
Author(s): Sonali Jain-Chandra , and Filiz Unsal
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 02 November 2012
ISBN: 9781475525823
Keywords: Monetary policy transmission, dynamic factor model, structural VAR, long-term interest rates, bond yields, Monetary Policy (Targets, Instruments, and Effects), Open Economy Macroeconomics,
The effectiveness of the monetary policy transmission mechanism in open economies could be impaired if interest rates are driven primarily by global factors, especially during periods of large capital inflows. The...
Capital Flows to Transition Economies »
Source: Capital Flows to Transition Economies : Master or Servant?
Volume/Issue: 2002/11
Series: IMF Working Papers
Author(s): Leslie Lipschitz , Alex Mourmouras , and Timothy Lane
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2002
ISBN: 9781451842791
Keywords: Central and Eastern Europe, Capital flows, International finance, convergence, macroeconomic policy, capital inflows, exchange rate, real appreciation, capital market, Money And Interest Rates
This paper discusses the forces driving capital flows in the transition countries of Central and Eastern Europe (CEE). It argues that various influences-specifically, the real exchange rate history and trend and th...
Are Middle Eastern Current Account Imbalances Excessive? »
Source: Are Middle Eastern Current Account Imbalances Excessive?
Volume/Issue: 2011/195
Series: IMF Working Papers
Author(s): Paul Cashin , and Samya Beidas-Strom
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2011
ISBN: 9781462305247
Keywords: Current account determination, macroeconomic balance approach, oil exporters, exporters, reer, exporting countries, terms of trade, International Lending and Debt Problems, International Policy Coordination and Transmission,
Employing a dynamic panel regression, this study estimates the medium-term current account position for three subgroups of emerging market and developing countries with shared economic characteristics. The fundamen...
Financial Regulation and the Current Account »
Source: Financial Regulation and the Current Account
Volume/Issue: 2012/98
Series: IMF Working Papers
Author(s): Tomasz Wieladek , and Sergi Lanau
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2012
ISBN: 9781475502886
Keywords: financial regulation, panel VAR, capital account, capital account openness, current account deficit, current account imbalances, Open Economy Macroeconomics, Financial Institutions and Services: Government Policy and Regulation,
This paper examines the relationship between financial regulation and the current account in an intertemporal model of the current account where financial regulation affects the current account through liquidity co...
Fiscal Sustainability in Remittance-Dependent Economies »
Source: Fiscal Sustainability in Remittance-Dependent Economies
Volume/Issue: 2009/190
Series: IMF Working Papers
Author(s): Ralph Chami , Yasser Abdih , Amine Mati , and Michael Gapen
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2009
ISBN: 9781451873375
Keywords: remittance-dependent economies, growth rate, remittance, growth rate of remittances, real gdp, Open Economy Macroeconomics, Fiscal Policies and Behavior of Economic Agents: General, National Deficit Surplus,
We investigate the impact of remittances on public debt sustainability and detail how the traditional debt-to-GDP ratio can be modified to create a more accurate representation of debt sustainability for a country...
FDI to Africa »
Source: FDI to Africa : The Role of Price Stability and Currency Instability
Volume/Issue: 2003/10
Series: IMF Working Papers
Author(s): Carmen Reinhart , and Kenneth Rogoff
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2003
ISBN: 9781451842715
Keywords: Parallel markets, conflict, monetary policy, high inflation, price level, monetary fund, International Economics: General, and conflict, Macroeconomic Aspects of International Trade and Finance,
Africa lags behind other regions in attracting foreign direct investment (FDI). In some circumstances, there are obvious explanations for the absence of FDI, such as a high incidence of war. In this paper, we exami...
Sovereign Wealth Funds: Aspects of Governance Structures and Investment Management »
Source: Sovereign Wealth Funds : Aspects of Governance Structures and Investment Management
Volume/Issue: 2013/231
Series: IMF Working Papers
Author(s): Abdullah Al-Hassan , Michael Papaioannou , Martin Skancke , and Cheng Chih Sung
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 11 November 2013
ISBN: 9781475518610
Keywords: Corporate governance, Asset management, Investment policy, International financial markets, Risk management, Sovereign wealth funds, Transparency, governance structure, investment management, macroeconomic coordination
This paper presents in a systematic (normative) manner the salient features of a SWF‘s governance structure, in relation to its objectives and investment management that can ensure its efficient operation and enhan...