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Sovereign Wealth Funds in the Pacific Island Countries

Sovereign Wealth Funds in the Pacific Island Countries »

Source: Sovereign Wealth Funds in the Pacific Island Countries : Macro-Fiscal Linkages

Volume/Issue: 2007/297

Series: IMF Working Papers

Author(s): Paulo Medas , and Eric Le Borgne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2007

ISBN: 9781451868609

Keywords: Fiscal Sustainability, Stabilization, expenditure, budget process, public debt

This paper looks at the role Sovereign Wealth Funds have played in the Pacific Island Countries in achieving key macro-fiscal policy objectives, namely, protecting the budget from high revenue volatility and streng...

Remittances in the Pacific Region

Remittances in the Pacific Region »

Source: Remittances in the Pacific Region

Volume/Issue: 2007/35

Series: IMF Working Papers

Author(s): Aiko Mineshima , and Christopher Browne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2007

ISBN: 9781451865998

Keywords: remittance, employment, migration, remittance flows

Remittances are large and have grown substantially over the past decade in the Pacific region. This primarily reflects the impact of emigration due to low growth and limited employment prospects at home. Many Pacif...

Investment Objectives of Sovereign Wealth Funds

Investment Objectives of Sovereign Wealth Funds »

Source: Investment Objectives of Sovereign Wealth Funds : A Shifting Paradigm

Volume/Issue: 2011/19

Series: IMF Working Papers

Author(s): Iva Petrova , Jukka Pihlman , Peter Kunzel , and Yinqiu Lu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2011

ISBN: 9781455211968

Keywords: Portfolio Choice, Investment and Risk Management, Government Policy and Regulation, pension, pension reserve, investment objectives, pension fund, risk management, International Finance: General, General Financial Markets: Government Policy and Regulation,

While SWF investment objectives to some extent reflect inherent characteristics, notable differences in strategic asset allocation (SAA) exist even amongst SWFs of similar types. Even so, this paper shows that the...

Fiscal Policy and the Current Account

Fiscal Policy and the Current Account »

Source: Fiscal Policy and the Current Account : Are Microstates Different?

Volume/Issue: 2012/51

Series: IMF Working Papers

Author(s): Yehenew Endegnanew , Therese Turner-Jones , and Charles Amo Yartey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

ISBN: 9781463937126

Keywords: Microstates, current account balance, current accounts, current account adjustments, current account deficits, Fiscal Policies and Behavior of Economic Agents: General, Fiscal and Monetary Policy in Development,

This paper examines the empirical link between fiscal policy and the current account focusing on microstates defined as countries with a population of less than 2 million between 1970 and 2009. The paper employs pa...

Are Immigrant Remittance Flows a Source of Capital for Development?

Are Immigrant Remittance Flows a Source of Capital for Development? »

Source: IMF Staff Papers, Volume 52, No. 1

Volume: 52

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2005

ISBN: 9781589064195

Keywords: recessions, recession, asian crisis, probability, probabilities, Capital Stock, Convergence (economics), Correlation (statistics), Decomposition Method, Economic Development. Econometric Models

This first issue of IMF Staff Papers for 2005 contains 7 papers that discuss: whether output recovered after the Asian crisis; the value of a country's trading partners to its own economic growth; whether interdepe...

Are Immigrant Remittance Flows a Source of Capital for Development?

Are Immigrant Remittance Flows a Source of Capital for Development? »

Source: Are Immigrant Remittance Flows a Source of Capital for Development?

Volume/Issue: 2003/189

Series: IMF Working Papers

Author(s): Samir Jahjah , Ralph Chami , and Connel Fullenkamp

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2003

ISBN: 9781451859638

Keywords: altruism, asymmetric information, private income transfers, worker, worker remittances, migration, remittance, Asymmetric and Private Information, Household Behavior, International Factor Movements and International Business,

The role of remittances in development and economic growth is not well understood. This is partly because the literatures on the causes and effects of remittances remain separate. We develop a framework that links...

Smooth Operator: Remittances and Fiscal Shocks

Smooth Operator: Remittances and Fiscal Shocks »

Source: Smooth Operator: Remittances and Fiscal Shocks

Volume/Issue: 2017/165

Series: IMF Working Papers

Author(s): Kimberly Beaton , Serhan Cevik , and Reza Yousefi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2017

ISBN: 9781484307878

Keywords: Remittances, Remittances, Consumption smoothing, fiscal shocks, social spendin, Kimberly Beaton, Serhan Cevik and Seyed Reza Yousefi, Financial Aspects of Economic Integration, International Business Cycles, Household

With 250 million migrants globally, remittances are one of the major sources of income in many developing countries. While there is abundant evidence that remittances facilitate consumption smoothing in receving co...

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

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...

Non-FDI Capital Inflows in Low-Income Developing Countries

Non-FDI Capital Inflows in Low-Income Developing Countries »

Source: Non-FDI Capital Inflows in Low-Income Developing Countries : Catching the Wave?

Volume/Issue: 2015/86

Series: IMF Working Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2015

ISBN: 9781484341087

Keywords: Gross Capital Flows, Surges, Low-Income Countries, markets, monetary fund, private capital, General, International Lending and Debt Problems,

Low-income countries (LIDCs) are typically characterized by intermittent and very modest access to private external funding sources. Motivated by recent developments in private flows to LIDCs this paper makes two c...

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

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...