Transition Report 2012 - INTEGRATION ACROSS BORDERS
... Current official banking union proposals address these problems only in part, and may introduce some new complications. Bank resolution would still be handled by national authorities. Apart from continued coordination problems in resolving failing multinational banks, this could lead to moral hazard ...
... Current official banking union proposals address these problems only in part, and may introduce some new complications. Bank resolution would still be handled by national authorities. Apart from continued coordination problems in resolving failing multinational banks, this could lead to moral hazard ...
NBER WORKING PAPER SERIES MACROECONOMIC POLICIES IN THE OECD Warwick McKibbin
... stock of public debt which must be serviced, while current account deficits ...
... stock of public debt which must be serviced, while current account deficits ...
Foreign Direct Investment
... Trends in FDI • Both the flow and stock of FDI in the world economy have increased over the last 20 years • FDI has grown more rapidly than world trade and world output because – firms still fear the threat of protectionism – the general shift toward democratic political institutions and free marke ...
... Trends in FDI • Both the flow and stock of FDI in the world economy have increased over the last 20 years • FDI has grown more rapidly than world trade and world output because – firms still fear the threat of protectionism – the general shift toward democratic political institutions and free marke ...
The Drivers and Dynamics of Illicit Financial Flows from India: 1948
... economy under the leadership of P.V. Narasimha Rao, the twelfth Prime Minister of India. He has since been seen as the father of Indian economic reforms. The then Finance Minister Dr. Manmohan Singh, the present Prime Minister of India, launched India’s free market reforms that saved the country fro ...
... economy under the leadership of P.V. Narasimha Rao, the twelfth Prime Minister of India. He has since been seen as the father of Indian economic reforms. The then Finance Minister Dr. Manmohan Singh, the present Prime Minister of India, launched India’s free market reforms that saved the country fro ...
PDF
... comparative static nature of the GTAP model. The comparative static long-run closure developed here defines the long run in terms of the steady state. In order to use the method of comparative steady states, the database must reflect steady state conditions; this restricts the ratios between investm ...
... comparative static nature of the GTAP model. The comparative static long-run closure developed here defines the long run in terms of the steady state. In order to use the method of comparative steady states, the database must reflect steady state conditions; this restricts the ratios between investm ...
The sustainability of public finances lies at the core of sound
... and currency crises. According to these authors “the lack of evidence on the relationship between currency crises and budget deficits has arisen primarily because budget deficits as measured and reported do not truly reflect the actual fiscal position of the countries”. Blejer and Cheasty (1991) pro ...
... and currency crises. According to these authors “the lack of evidence on the relationship between currency crises and budget deficits has arisen primarily because budget deficits as measured and reported do not truly reflect the actual fiscal position of the countries”. Blejer and Cheasty (1991) pro ...
LINK Global Economic Outlook 2015-2016 Unedited United Nations
... the range of 0 to ¼ percent until mid-2015. The Fed will then start to raise interest rates gradually in the third quarter of 2015 with the federal funds interest rate reaching 2.75 per cent by the end of 2016. It is also assumed that the Fed will not continue the QE but will hold the assets that it ...
... the range of 0 to ¼ percent until mid-2015. The Fed will then start to raise interest rates gradually in the third quarter of 2015 with the federal funds interest rate reaching 2.75 per cent by the end of 2016. It is also assumed that the Fed will not continue the QE but will hold the assets that it ...
Official PDF , 37 pages
... sovereign debt. The third dimension involves factors that could stress private sector balance sheets, and eventually lead to the buildup of contingent …scal liabilities— such as the ratio of external debtto-GDP or to foreign reserves, the share of short-term debt in external debt, and domestic credi ...
... sovereign debt. The third dimension involves factors that could stress private sector balance sheets, and eventually lead to the buildup of contingent …scal liabilities— such as the ratio of external debtto-GDP or to foreign reserves, the share of short-term debt in external debt, and domestic credi ...
![Robert Barro and Jong-Wha Lee IMF Programs: Who Is Chosen and What Are the Effects? (Second IMF Research Conference). <![if !supportLineBreakNewLine]> <![endif]>](http://s1.studyres.com/store/data/008826433_1-04df42b714a3eee241ab8d529ca237e6-300x300.png)
Robert Barro and Jong-Wha Lee IMF Programs: Who Is Chosen and What Are the Effects? (Second IMF Research Conference).
... into account when making decisions on loans to developing countries. These patterns are of considerable interest for their own sake, but we also use them to form instrumental variables to isolate the effects of IMF lending on a country’s economic performance. Since its creation in 1944 at Bretton Wo ...
... into account when making decisions on loans to developing countries. These patterns are of considerable interest for their own sake, but we also use them to form instrumental variables to isolate the effects of IMF lending on a country’s economic performance. Since its creation in 1944 at Bretton Wo ...
Final Budget Outcome 2013-14
... The Final Budget Outcome 2013-14 has been prepared in a manner consistent with the Charter of Budget Honesty Act 1998 (the Charter). The Charter requires that, inter alia, the Government provide a final budget outcome report no later than three months after the end of the financial year. Consistent ...
... The Final Budget Outcome 2013-14 has been prepared in a manner consistent with the Charter of Budget Honesty Act 1998 (the Charter). The Charter requires that, inter alia, the Government provide a final budget outcome report no later than three months after the end of the financial year. Consistent ...
mmi11 Sturm 15004126 en
... XDEBTGNI (external debt scaled to Gross National Income, GNI): First, a high debt ratio may reduce the creditworthiness of the country concerned and, hence, increase its demand for IMF credit. Second, so-called “highly-indebted poor countries” are only eligible for debt relief, if they maintain macr ...
... XDEBTGNI (external debt scaled to Gross National Income, GNI): First, a high debt ratio may reduce the creditworthiness of the country concerned and, hence, increase its demand for IMF credit. Second, so-called “highly-indebted poor countries” are only eligible for debt relief, if they maintain macr ...
H E B C
... plans. They combined the flexibility and freedom for policymakers of a floating-rate system, which the British representatives wanted, with the nominal stability of the gold standard rule emphasized by the United States. The system established was one of pegged exchange rates, but members could alte ...
... plans. They combined the flexibility and freedom for policymakers of a floating-rate system, which the British representatives wanted, with the nominal stability of the gold standard rule emphasized by the United States. The system established was one of pegged exchange rates, but members could alte ...
managing foreign exchange risk with derivatives
... risks to firm value arising from macroeconomic shocks, competitive forces, or strategic concerns. For HDG, the cashflows to be hedged are typically the result of anticipated, but not firmly committed, transactions. Specifically, HDG’s “economic” exposures arise primarily from the following four sour ...
... risks to firm value arising from macroeconomic shocks, competitive forces, or strategic concerns. For HDG, the cashflows to be hedged are typically the result of anticipated, but not firmly committed, transactions. Specifically, HDG’s “economic” exposures arise primarily from the following four sour ...
The Portuguese Crisis and the IMF - Independent Evaluation Office
... The first period that we study, 1995–2000, saw the run-up to and immediate aftermath of the creation of the euro. In Portugal these years were marked by high real GDP growth, a substantial decline in borrowing costs, and an investment boom. At the same time, the trade and current account deficits ra ...
... The first period that we study, 1995–2000, saw the run-up to and immediate aftermath of the creation of the euro. In Portugal these years were marked by high real GDP growth, a substantial decline in borrowing costs, and an investment boom. At the same time, the trade and current account deficits ra ...
Foreign Direct Investment: South Africa’s Elixir of Life?
... countries were discouraged from turning towards FDI as it was regarded as an expensive form of capital. Many thus borrowed instead and in so doing acquired significant international debt. As a direct result of these debts already cash strapped, poor countries now experience even further reduced acce ...
... countries were discouraged from turning towards FDI as it was regarded as an expensive form of capital. Many thus borrowed instead and in so doing acquired significant international debt. As a direct result of these debts already cash strapped, poor countries now experience even further reduced acce ...
Multiple-choice questions to accompany
... a) it is added when measuring GDP, as an element of investment demand b) it is added when measuring GDP, as an element of consumption demand c) it is subtracted when measuring GDP, as an element of investment demand d) it is subtracted when measuring GDP, as an element of consumption demand 41. If t ...
... a) it is added when measuring GDP, as an element of investment demand b) it is added when measuring GDP, as an element of consumption demand c) it is subtracted when measuring GDP, as an element of investment demand d) it is subtracted when measuring GDP, as an element of consumption demand 41. If t ...
The determinants of liberalization of FDI policy in developing countries
... the 1980s and over five-fold (520%) during the 1990s, reaching $22.9 billion in 1999. FDI inflows as a percentage of gross fixed capital formation in developing countries grew from 3.6% in 1990 to 14.3% by the decade’s end. Last, stocks of FDI as a percentage of GDP doubled during the 1990s, increa ...
... the 1980s and over five-fold (520%) during the 1990s, reaching $22.9 billion in 1999. FDI inflows as a percentage of gross fixed capital formation in developing countries grew from 3.6% in 1990 to 14.3% by the decade’s end. Last, stocks of FDI as a percentage of GDP doubled during the 1990s, increa ...
Document
... reported. Generally, only accounts receivable is disclosed since the other types of receivables are not material. In some cases, the other types of receivables are disclosed in the notes to the ...
... reported. Generally, only accounts receivable is disclosed since the other types of receivables are not material. In some cases, the other types of receivables are disclosed in the notes to the ...
Slide 1
... Firms then shift production to low-cost developing countries when product standardization and market saturation give rise to price competition and cost pressures ...
... Firms then shift production to low-cost developing countries when product standardization and market saturation give rise to price competition and cost pressures ...
Domestic Credit Growth and International Capital Flows Philip R. Lane Peter McQuade
... inter-relation between international banking-sector ‡ows and domestic private credit, emphasising that global liquidity and the leverage cycle of global banks as a key driver of credit growth in a wide sample of countries. However, their speci…cation does not directly examine the relation between cr ...
... inter-relation between international banking-sector ‡ows and domestic private credit, emphasising that global liquidity and the leverage cycle of global banks as a key driver of credit growth in a wide sample of countries. However, their speci…cation does not directly examine the relation between cr ...
CHAPTER 7A
... There are two possible adverse effects of FDI on a host country’s balance-of-payments 1. with the initial capital inflows that come with FDI must be the subsequent outflow of capital as the foreign subsidiary repatriates earnings to its parent country 2. when a foreign subsidiary imports a substan ...
... There are two possible adverse effects of FDI on a host country’s balance-of-payments 1. with the initial capital inflows that come with FDI must be the subsequent outflow of capital as the foreign subsidiary repatriates earnings to its parent country 2. when a foreign subsidiary imports a substan ...
Global Horse Trading: IMF Loans for Votes in the United Nations Security Council
... According to Malone (2000), there is extensive competition for these seats as countries might expect to receive rewards during their tenure. In fact, Kuziemko and Werker (2006) find that average US foreign aid increases by 54 percent and average UN development aid by 7 percent when a country is elec ...
... According to Malone (2000), there is extensive competition for these seats as countries might expect to receive rewards during their tenure. In fact, Kuziemko and Werker (2006) find that average US foreign aid increases by 54 percent and average UN development aid by 7 percent when a country is elec ...
Are stocks desirable in tax-deferred accounts?
... predicts that such violations are more likely, for example, when (i) the tax rate differential across assets increases over time due either to tax law changes or to tax bracket changes for investors; (ii) asset returns are more volatile; and (iii) investors anticipate large future liquidity needs. T ...
... predicts that such violations are more likely, for example, when (i) the tax rate differential across assets increases over time due either to tax law changes or to tax bracket changes for investors; (ii) asset returns are more volatile; and (iii) investors anticipate large future liquidity needs. T ...
Global Economic Prospects January 2015
... Third-party content—The World Bank does not necessarily own each component of the content contained within the work. The World Bank therefore does not warrant that the use of any third-party-owned individual component or part contained in the work will not infringe on the rights of those third parti ...
... Third-party content—The World Bank does not necessarily own each component of the content contained within the work. The World Bank therefore does not warrant that the use of any third-party-owned individual component or part contained in the work will not infringe on the rights of those third parti ...
Uncertainty, Capital Flows, and Maturity Mismatch
... This Version: February 2015. First Version: November 2012 Abstract Output growth in emerging markets is significantly more volatile than in advanced economies, due in large part to fluctuations in total factor productivity (TFP). This paper shows that where maturity mismatch is widespread, as in eme ...
... This Version: February 2015. First Version: November 2012 Abstract Output growth in emerging markets is significantly more volatile than in advanced economies, due in large part to fluctuations in total factor productivity (TFP). This paper shows that where maturity mismatch is widespread, as in eme ...