Search Results
Global Bonding »
Source: Global Bonding : Do U.S. Bond and Equity Spillovers Dominate Global Financial Markets?
Volume/Issue: 2012/298
Series: IMF Working Papers
Author(s): Tamim Bayoumi , and Trung Bui
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 20 December 2012
ISBN: 9781475586633
Keywords: Identification, international financial linkages, bond, equity markets, bond yields, financial markets, Estimation, Time-Series Models, General,
This paper uses a novel variant of identification through hetroscedacity to estimate spillovers across U.S., Euro area, Japanese, and UK government bond and equity markets in a vector autoregression. The results su...
Statistical Legislation »
Source: Statistical Legislation : Toward a More General Framework
Volume/Issue: 2002/179
Series: IMF Working Papers
Author(s): Sarmad Khawaja , and Thomas Morrison
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2002
ISBN: 9781451859041
Keywords: Statistical legislation, official statistics, statistics, law, statistical information, statistical system, surveys, Other Special Topics: General,
The paper outlines a general framework for statistical legislation. The implications of statistical legislation for the whole statistical system, as well as for centralized versus decentralized statistical systems,...
Winning the Oil Lottery »
Source: Winning the Oil Lottery : The Impact of Natural Resource Extraction on Growth
Volume/Issue: 2016/61
Series: IMF Working Papers
Author(s): Tiago Cavalcanti , Daniel Da Mata , and Frederik Toscani
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 March 2016
ISBN: 9781513587752
Keywords: Oil and Gas, Urbanization, oil, drilling, oil discoveries, oil production, gas, General, All Countries,
This paper provides evidence of the causal impact of oil discoveries on development. Novel data on the drilling of 20,000 oil wells in Brazil allows us to exploit a quasi-experiment: Municipalities where oil was di...
Modeling Correlated Systemic Liquidity and Solvency Risks in a Financial Environment with Incomplete Information »
Source: Modeling Correlated Systemic Liquidity and Solvency Risks in a Financial Environment with Incomplete Information
Volume/Issue: 2011/263
Series: IMF Working Papers
Author(s): Liliana Schumacher , and Theodore Barnhill
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2011
ISBN: 9781463924614
Keywords: Solvency risk, systemic liquidity, probability, banking, banking system, bank failures, probabilities, General Financial Markets: Other,
This paper proposes and demonstrates a methodology for modeling correlated systemic solvency and liquidity risks for a banking system. Using a forward looking simulation of many risk factors applied to detailed bal...
Energy Subsidies in Latin America and the Caribbean »
Source: Energy Subsidies in Latin America and the Caribbean : Stocktaking and Policy Challenges
Volume/Issue: 2015/30
Series: IMF Working Papers
Author(s): Gabriel Di Bella , Lawrence Norton , Joseph Ntamatungiro , Sumiko Ogawa , Issouf Samaké , and Marika Santoro
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 12 February 2015
ISBN: 9781484365366
Keywords: Energy Subsidies, Latin America and the Caribbean, energy, electricity, prices, fuel, oil, General,
The oil price decline creates an opportunity to dismantle energy subsidies, which escalated with high oil prices. This paper assesses energy subsidies in Latin America and the Caribbean-about 1.8 percent of GDP in...
Do Fiscal Spillovers Matter? »
Source: Do Fiscal Spillovers Matter?
Volume/Issue: 2011/211
Series: IMF Working Papers
Author(s): Sebastian Weber , and Anna Ivanova
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2011
ISBN: 9781463902315
Keywords: coordinated fiscal exit, fiscal changes, fiscal consolidation, fiscal measure, Macroeconomic Aspects Of International Trade And Finance, Macroeconomic - Aspects Of Public Finance, Macroeconomic Policy, And General Outlook, general Aggregative Models,
The paper assesses the impact of fiscal spillovers on growth in the context of a coordinated exit from crisis management policies. We find that despite potentially sizeable domestic effects from consolidation, aggr...
World Crude Oil Markets »
Source: World Crude Oil Markets : Monetary Policy and the Recent Oil Shock
Volume/Issue: 2006/62
Series: IMF Working Papers
Author(s): Noureddine Krichene
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2006
ISBN: 9781451863222
Keywords: elasticities, impulse responses, multipliers, volatility, natural gas, oil demand, crude oil price, Money and Interest Rates: General, Monetary Policy, Central Banking
This paper examines the relationship between monetary policy and oil prices within a world oil demand and supply model. Low price and high income elasticities of demand and rigid supply explain high price volatilit...
Financial Deepening, Property Rights and Poverty »
Source: Financial Deepening, Property Rights and Poverty : Evidence From Sub-Saharan Africa
Volume/Issue: 2011/196
Series: IMF Working Papers
Author(s): Yifei Huang , and Raju Singh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2011
ISBN: 9781462305230
Keywords: financial development, property rights, dependent variable, gini coefficient, descriptive statistics, Macroeconomic Analyses of Economic Development, Financial Economics: General,
Recent studies on the relationship between financial development and poverty have been inconclusive. Some claim that, by allowing more entrepreneurs to obtain financing, financial development improves the allocatio...
Inclusive Growth, Institutions, and the Underground Economy »
Source: Inclusive Growth, Institutions, and the Underground Economy
Volume/Issue: 2012/47
Series: IMF Working Papers
Author(s): Adil Mohommad , Anoop Singh , and Sonali Jain-Chandra
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2012
ISBN: 9781463937089
Keywords: institutions, law, property rights, regulatory burden, institutional development, income tax rate, Economic Growth and Aggregate Productivity: General,
Worldwide protests against the perceived lack of economic opportunity and failure of governance have refocused attention on the need for inclusive growth and strong institutions. In developing countries, large info...
Does the Business Environment Affect Corporate Investment in India? »
Source: Does the Business Environment Affect Corporate Investment in India?
Volume/Issue: 2012/70
Series: IMF Working Papers
Author(s): Kiichi Tokuoka
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2012
ISBN: 9781463939069
Keywords: Business environment, Costs of doing business, inflation, gdp growth, inflation rate, real gdp, real interest rate, Asia and Pacific Department, Production and Organizations: General,
Since the global financial crisis, corporate investment has been weak in India. Sluggish corporate investment would not only moderate growth from the demand side but also constrain growth from the supply side over...