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What's Different about Monetary Policy Transmission in Remittance-Dependent Countries? »

Source: ¿En qué se diferencia la transmisión de la política monetaria en los países que dependen de las remesas?

Volume/Issue: 2016/44

Series: IMF Working Papers

Author(s): Adolfo Barajas , Ralph Chami , Christian Ebeke , and Anne Oeking

Publisher: CEMLA/Centro de Estudios Monetarios Latinamericano

Publication Date: 02 February 2017

Language: Spanish

ISBN: 9781475574487

Keywords: Europe, Guinea, Asia and Pacific, Antigua and Barbuda, Bhutan, Bulgaria, Banking sector, Western Hemisphere, Balance sheets, Congo, Democratic Republic of the

Pese a que las remesas aportan ventajas en materia de bienestar y reducción de la pobreza para los hogares receptores, se ha observado que también traen consigo problemas macroeconómicos: producen efecto de tipo ma...

What's Different about Monetary Policy Transmission in Remittance-Dependent Countries? »

Source: What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries?

Volume/Issue: 2016/44

Series: IMF Working Papers

Author(s): Adolfo Barajas , Ralph Chami , Christian Ebeke , and Anne Oeking

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2016

ISBN: 9781513531236

Keywords: Worker’s Remittances, lending channel, banking sector, bank balance sheets, balance sheets, exchange, General, Fiscal and Monetary Policy in Development, All Countries, banking sector.,

Despite welfare and poverty-reducing benefits for recipient households, remittance inflows have been shown to entail macroeconomic challenges; producing Dutch Disease-type effects through their upward (appreciation...

Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries »

Source: Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries

Volume/Issue: 2015/163

Series: IMF Working Papers

Author(s): Juliana Araujo , Antonio David , Carlos van Hombeeck , and Chris Papageorgiou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2015

ISBN: 9781513508146

Keywords: Cyclicality, Emerging Markets, capital inflows, private capital, international capital, developing countries, Open Economy Macroeconomics, Macroeconomic Analyses of Economic Development, Emerging Markets.,

Using a newly developed dataset this paper examines the cyclicality of private capital inflows to low-income developing countries (LIDCs) over the period 1990-2012. The empirical analysis shows that capital inflows...

The Impact of IMF-Supported Programs on FDI in Low-income Countries »

Source: The Impact of IMF-Supported Programs on FDI in Low-income Countries

Volume/Issue: 2015/157

Series: IMF Working Papers

Author(s): Ali Al-Sadiq

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 July 2015

ISBN: 9781513502342

Keywords: IMF-Supported Programs, FDI Inflows, Low-income Countries, Treatment Effects Model, Propensity Score Matching, gdp, income, investment, variables, value

It is common for IMF-supported adjustment programs with low-income member countries (LICs) to project that they will facilitate FDI inflows. The main objective of this paper is to empirically examine this hypothesi...

Remittances and Macroeconomic Volatility in African Countries »

Source: Remittances and Macroeconomic Volatility in African Countries

Volume/Issue: 2015/49

Series: IMF Working Papers

Author(s): Ahmat Jidoud

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 March 2015

ISBN: 9781498300940

Keywords: Macroeconomic Volatility, African Economies, Financial Frictions, consumption, business cycle, economies, supply, Bayesian Analysis, Model Construction and Estimation, Financial Frictions.,

This paper investigates the channels through which remittances affect macroeconomic volatility in African countries using a dynamic stochastic general equilibrium (DSGE) model augmented with financial frictions. Em...

Exchange Rate Flexibility and Credit during Capital Inflow Reversals »

Source: Exchange Rate Flexibility and Credit during Capital Inflow Reversals : Purgatory…not Paradise

Volume/Issue: 2014/61

Series: IMF Working Papers

Author(s): Nicolas Magud , and Esteban Vesperoni

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2014

ISBN: 9781475543735

Keywords: reversals, macro-prudential, exchange rate, exchange rate regimes, exchange rate flexibility, flexible exchange rate, exchange rate regime, Open Economy Macroeconomics,

We document the behavior of macro and credit variables during episodes of capital inflows reversals in economies with different degrees of exchange rate flexibility. We find that exchange rate flexibility is associ...