Lending Booms, Reserves and the Sustainability of Short
... and South Asia each with about 350 loans.3 Table 2 shows that international loans have been made largely to private borrowers (especially in manufacturing and finance). Public sector borrowers (as distinct from sovereigns) have also borrowed in significant numbers, especially for infrastructure and ...
... and South Asia each with about 350 loans.3 Table 2 shows that international loans have been made largely to private borrowers (especially in manufacturing and finance). Public sector borrowers (as distinct from sovereigns) have also borrowed in significant numbers, especially for infrastructure and ...
Chapter 13: Foreign Currency Financial Statements
... • The parent uses the appropriately translated or remeasured subsidiary financial statements in its consolidation worksheet. • Income from the subsidiary and Investment in subsidiary are eliminated. • Subsidiary equity accounts are eliminated (including accumulated OCI). • Worksheet procedures are s ...
... • The parent uses the appropriately translated or remeasured subsidiary financial statements in its consolidation worksheet. • Income from the subsidiary and Investment in subsidiary are eliminated. • Subsidiary equity accounts are eliminated (including accumulated OCI). • Worksheet procedures are s ...
Corporate Debt in emerging eConomies
... of quantitative easing by the Federal Reserve could be associated with tighter funding conditions for international borrowers globally.4 If this is the case, the impact could be felt most acutely in those emerging economies with the deepest financial markets and the poorest economic fundamentals.5 T ...
... of quantitative easing by the Federal Reserve could be associated with tighter funding conditions for international borrowers globally.4 If this is the case, the impact could be felt most acutely in those emerging economies with the deepest financial markets and the poorest economic fundamentals.5 T ...
comment imf policy and the argentine crisis
... When the IMF intervened in Mexico, instead of reassuring investors by providing loans and assurance that problems were going to be corrected, the seriousness and austerity of the measures triggered the large part of the panic. Mexico quickly paid the IMF back, but money to accomplish this was simply ...
... When the IMF intervened in Mexico, instead of reassuring investors by providing loans and assurance that problems were going to be corrected, the seriousness and austerity of the measures triggered the large part of the panic. Mexico quickly paid the IMF back, but money to accomplish this was simply ...
NBER WORKING PAPERS SERIES Eliana Cardoso Working Paper No. 3585
... built up a massive fiscal problem. Flight from money has further aggravated Brazilian inflation. Two steps are used in explaining the Brazilian inflationary process: the analysis of price freezes in the context of sustained fiscal imbalance and the research on the consequences of different fiscal de ...
... built up a massive fiscal problem. Flight from money has further aggravated Brazilian inflation. Two steps are used in explaining the Brazilian inflationary process: the analysis of price freezes in the context of sustained fiscal imbalance and the research on the consequences of different fiscal de ...
The Euro`s Three Crises
... meant to imply that the problems are identical across countries. They are not. Greece’s problems, for example, stem more from poor fiscal policies, Ireland’s relate to its banks, and Spain’s to a housing boom gone bad. But the policy responses and the way the crises interact do call for a more gener ...
... meant to imply that the problems are identical across countries. They are not. Greece’s problems, for example, stem more from poor fiscal policies, Ireland’s relate to its banks, and Spain’s to a housing boom gone bad. But the policy responses and the way the crises interact do call for a more gener ...
WHICH FACTORS DETERMINE SOVEREIGN CREDIT RATINGS
... illiquid. The sustainability of a debt, as a result of short-term liquidity or of long-term solvency, is likely to determine the probability of default. Sustainability may be affected, for example, by macroeconomic variables, economic policy, currency crises, short-term budget mismanagement or by in ...
... illiquid. The sustainability of a debt, as a result of short-term liquidity or of long-term solvency, is likely to determine the probability of default. Sustainability may be affected, for example, by macroeconomic variables, economic policy, currency crises, short-term budget mismanagement or by in ...
NBER WORKING PAPER SERIES CAPITAL FLOWS AND CONTROLS Ilan Goldfajn
... portfolio abroad; and finally (v) introduction of currency convertibility initially through the mechanism of “international transfers in reais,” whereby residents could transfer their resources abroad through the use of nonresident accounts. Since March 2005 a more direct procedure is in place. In s ...
... portfolio abroad; and finally (v) introduction of currency convertibility initially through the mechanism of “international transfers in reais,” whereby residents could transfer their resources abroad through the use of nonresident accounts. Since March 2005 a more direct procedure is in place. In s ...
PDF
... higher overall risk caused by issuer and market risk must always be taken into consideration in the investment decision. Tailored to your personal investment needs Structured products make it easy to invest in different currencies in a manner tailored to your specific needs. They have proven to be ...
... higher overall risk caused by issuer and market risk must always be taken into consideration in the investment decision. Tailored to your personal investment needs Structured products make it easy to invest in different currencies in a manner tailored to your specific needs. They have proven to be ...
inflation-protected bonds: a look at the new i bond series
... an asset designed to protect them against future inflation—whatever its amount and duration. Unlike marketable bonds, I bonds cannot decline in value. Like EE bonds, over time they continue to increase in value until a holder chooses to redeem them or they mature. Even in a rare case of a decline in ...
... an asset designed to protect them against future inflation—whatever its amount and duration. Unlike marketable bonds, I bonds cannot decline in value. Like EE bonds, over time they continue to increase in value until a holder chooses to redeem them or they mature. Even in a rare case of a decline in ...
Financing US Debt: Is There Enough Money in the World and at
... The United States and other advanced economies have long faced fundamental budget and external imbalances that, under current policy configurations, are unsustainable in the long run. Recent sovereign debt concerns in Europe, while not fully comparable in nature to those facing the United States, ha ...
... The United States and other advanced economies have long faced fundamental budget and external imbalances that, under current policy configurations, are unsustainable in the long run. Recent sovereign debt concerns in Europe, while not fully comparable in nature to those facing the United States, ha ...
debt management objectives
... In response to the adverse impact of the global economic and financial crisis on the economies of the ECCU, the Monetary Council articulated a comprehensive Eight Point Stabilisation and Growth Programme, designed to stabilise these economies and ultimately steer them towards a path of sustainable e ...
... In response to the adverse impact of the global economic and financial crisis on the economies of the ECCU, the Monetary Council articulated a comprehensive Eight Point Stabilisation and Growth Programme, designed to stabilise these economies and ultimately steer them towards a path of sustainable e ...
Library of Parliament
... Research at the Bank of Canada shows that, of all the factors known to affect the value of the Canadian dollar, most long-term movements in the exchange rate can be attributed to fluctuations in four variables: the difference in Canadian–US inflation rates; interest rate differentials between the tw ...
... Research at the Bank of Canada shows that, of all the factors known to affect the value of the Canadian dollar, most long-term movements in the exchange rate can be attributed to fluctuations in four variables: the difference in Canadian–US inflation rates; interest rate differentials between the tw ...
Chapter 6 Long-run aspects of fiscal policy and
... Very much depends on whether the real interest rate in the long-run is higher than the growth rate of GDP or not. To see this, suppose the country considered has positive government debt at time 0 and that the government levies taxes equal to its non-interest spending: T~t = Gt + Xt ...
... Very much depends on whether the real interest rate in the long-run is higher than the growth rate of GDP or not. To see this, suppose the country considered has positive government debt at time 0 and that the government levies taxes equal to its non-interest spending: T~t = Gt + Xt ...
South_America_en.pdf
... Export prices remained relatively high and recorded a slight aggregate increase. The current account surplus swelled to US$ 5.4 billion (around 3% of GDP), mainly thanks to the effect of public debt restructuring on the amount of interest owed on that debt. For the first time since 2000, the capital ...
... Export prices remained relatively high and recorded a slight aggregate increase. The current account surplus swelled to US$ 5.4 billion (around 3% of GDP), mainly thanks to the effect of public debt restructuring on the amount of interest owed on that debt. For the first time since 2000, the capital ...
FRBSF L CONOMIC
... of reproducing movements in the saving rate that have occurred over the past 10 years, when lending industry changes have been particularly dramatic. Conclusion In the years leading up to the financial crisis of 2008–2009, a combination of factors including low interest rates, lax lending standards, ...
... of reproducing movements in the saving rate that have occurred over the past 10 years, when lending industry changes have been particularly dramatic. Conclusion In the years leading up to the financial crisis of 2008–2009, a combination of factors including low interest rates, lax lending standards, ...
Sovereign Debt Without Default Penalties
... public debt becomes credible when constituencies with a lot of political clout hold large amounts of the debt. Tabellini, and Dixit and Londregan only consider domestic public debt, while we focus specifically on a government’s ability to raise foreign debt. This allows us to derive new results rega ...
... public debt becomes credible when constituencies with a lot of political clout hold large amounts of the debt. Tabellini, and Dixit and Londregan only consider domestic public debt, while we focus specifically on a government’s ability to raise foreign debt. This allows us to derive new results rega ...
Determinants of non-performing loans in Central and Eastern
... factors, such as banks deliberately taking greater risks and granting loans that they knew had a high probability of default. Gambera (2000) also analyzed quarterly data on US loans to prove the link between macroeconomic dynamics and bank asset quality. The empirical results suggest that a limited ...
... factors, such as banks deliberately taking greater risks and granting loans that they knew had a high probability of default. Gambera (2000) also analyzed quarterly data on US loans to prove the link between macroeconomic dynamics and bank asset quality. The empirical results suggest that a limited ...
Time-Consistent Fiscal Policy in a Debt Crisis - e
... which the government lacks commitment to all of its instruments, in which there is feedback from the policy instruments to the state of the economy and which features concerns about inequality and redistribution. Recessions are modeled as the result of productivity slowdowns but also of fiscal polic ...
... which the government lacks commitment to all of its instruments, in which there is feedback from the policy instruments to the state of the economy and which features concerns about inequality and redistribution. Recessions are modeled as the result of productivity slowdowns but also of fiscal polic ...
Time-Consistent Fiscal Policy in a Debt Crisis
... which the government lacks commitment to all of its instruments, in which there is feedback from the policy instruments to the state of the economy and which features concerns about inequality and redistribution. Recessions are modeled as the result of productivity slowdowns but also of fiscal polic ...
... which the government lacks commitment to all of its instruments, in which there is feedback from the policy instruments to the state of the economy and which features concerns about inequality and redistribution. Recessions are modeled as the result of productivity slowdowns but also of fiscal polic ...
Resolving China`s Corporate Debt Problem
... crisis and collapse in external trade, China has deployed policies to boost domestic demand. In addition to the large 2009 fiscal package (equivalent to 12 percent of GDP), activity since the crisis has been supported by high credit growth. Credit growth has been averaging around 20 percent per year ...
... crisis and collapse in external trade, China has deployed policies to boost domestic demand. In addition to the large 2009 fiscal package (equivalent to 12 percent of GDP), activity since the crisis has been supported by high credit growth. Credit growth has been averaging around 20 percent per year ...
Monthly Economic and Financial Developments November 2004
... The moderately larger contraction in domestic foreign currency credit, of $5.9 million, included a $7.3 million reduction in claims on the private sector, as opposed to a marginal increase in net credit to the public sector. The monthly reduction in Bahamian dollar deposits was one–third less, at $1 ...
... The moderately larger contraction in domestic foreign currency credit, of $5.9 million, included a $7.3 million reduction in claims on the private sector, as opposed to a marginal increase in net credit to the public sector. The monthly reduction in Bahamian dollar deposits was one–third less, at $1 ...
Does Quantitative Easing Work?
... how quantitative easing was used. Section 4 examines the impact of quantitative easing on gross domestic product followed by the effect on unemployment in Section 5. Sections 6 and 7 explore the effect of quantitative easing on inflation and US debt respectively. Section 8 probes the impact of quant ...
... how quantitative easing was used. Section 4 examines the impact of quantitative easing on gross domestic product followed by the effect on unemployment in Section 5. Sections 6 and 7 explore the effect of quantitative easing on inflation and US debt respectively. Section 8 probes the impact of quant ...
Government Debt
... The Eurozone includes the member states that have the euro as currency, meaning they have a common monetary policy with the same interest-and exchange rate. The rationale behind the euro was to simplify trade and communication between the member states, and preventing individual countries to use mon ...
... The Eurozone includes the member states that have the euro as currency, meaning they have a common monetary policy with the same interest-and exchange rate. The rationale behind the euro was to simplify trade and communication between the member states, and preventing individual countries to use mon ...