Browse

You are looking at 1 - 10 of 505 items :

  • IMF Working Papers x
  • Taxation - General x
Clear All
Additional Evidenceon Ems Interest Rate Linkages

Additional Evidenceon Ems Interest Rate Linkages »

Source: Additional Evidenceon Ems Interest Rate Linkages

Volume/Issue: 1996/115

Series: IMF Working Papers

Author(s): John Thornton , and Alicia García-Herrero

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1996

ISBN: 9781451942941

Keywords: interest rates, cointegration, statistics, granger causality, equation

This note examines interest rate linkages within the EMS. Cointegration tests suggest the existence of a long-run equilibrium relationship between German and other EMS interest rates. Bivariate VAR analysis finds t...

Addressing the Natural Resource Curse

Addressing the Natural Resource Curse »

Source: Addressing the Natural Resource Curse : An Illustration From Nigeria

Volume/Issue: 2003/139

Series: IMF Working Papers

Author(s): Arvind Subramanian , and Xavier Sala-i-Martin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2003

ISBN: 9781451856064

Keywords: institutions, growth, natural resource, oil revenues, oil prices, natural gas, Economywide Country Studies: Africa, Comparative Studies of Countries, Economic Growth and Aggregate Productivity, Economywide Country Studies,

Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian exper...

Alternative Forms of Mineral Taxation, Market Failure and the Environment

Alternative Forms of Mineral Taxation, Market Failure and the Environment »

Source: Alternative Forms of Mineral Taxation, Market Failure and the Environment

Volume/Issue: 1992/49

Series: IMF Working Papers

Author(s): Timothy Muzondo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1992

ISBN: 9781451971729

Keywords: environmental externalities, environmental degradation, mineral resources, mineral extraction, extraction costs

This paper examines the environmental effects of mineral taxes in a framework that recognizes the importance of rates and cumulative externalities and proposes an appropriate corrective tax. It concludes that miner...

Ambiguity, Transparency, and Institutional Strength

Ambiguity, Transparency, and Institutional Strength »

Source: Ambiguity, Transparency, and Institutional Strength

Volume/Issue: 2004/115

Series: IMF Working Papers

Author(s): S. Erbas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2004

ISBN: 9781451853896

Keywords: risk, Knightian uncertainty, vertical and horizontal integration, institutions, probability, probabilities, investors, investment decisions, expected value, Analysis of Collective Decision-Making: General

Institutional transparency makes future contingencies more easily predictable for investors. Greater transparency can be achieved through vertical and horizontal integration of policy rules, which may result in low...

An Analytical Framework of Environmental Issues

An Analytical Framework of Environmental Issues »

Source: An Analytical Framework of Environmental Issues

Volume/Issue: 1993/53

Series: IMF Working Papers

Author(s): Jonathan Levin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1993

ISBN: 9781451847314

Keywords: environment, pollution, environmental effects, sulfur, carbon dioxide

Environmental effects which were insignificant in the past, when the fewer concentrations of population or products of modern technology allowed the vast absorptive capacity of nature to act as a sink, are quite ev...

Asian Flu or Wall Street Virus? Price and Volatility Spillovers of the Tech and Non-Tech Sectors in the United States and Asia

Asian Flu or Wall Street Virus? Price and Volatility Spillovers of the Tech and Non-Tech Sectors in the United States and Asia »

Source: Asian Flu or Wall Street Virus? Price and Volatility Spillovers of the Tech and Non-Tech Sectors in the United States and Asia

Volume/Issue: 2002/154

Series: IMF Working Papers

Author(s): Jorge Chan-Lau , and Iryna Ivaschenko

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2002

ISBN: 9781451857245

Keywords: Price spillovers, volatility spillovers, asymmetric GARCH models, spillovers, stock market, stock returns, stock price,

This paper, using T-GARCH models, finds that the United States has been the major source of price and volatility spillovers to stock markets in the Asian region during three different periods in the last decade: th...

Asymmetric Information and the Market Structure of the Banking Industry

Asymmetric Information and the Market Structure of the Banking Industry »

Source: Asymmetric Information and the Market Structure of the Banking Industry

Volume/Issue: 1998/92

Series: IMF Working Papers

Author(s): Giovanni Dell'Ariccia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1998

ISBN: 9781451951547

Keywords: Loan Market, Barriers to Entry, Spatial Competition, competition, banking, banking industry, barrier to entry, mergers

The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers&#x20...

An Attempt to Profile the Finances of China's Enterprise Sector

An Attempt to Profile the Finances of China's Enterprise Sector »

Source: An Attempt to Profile the Finances of China's Enterprise Sector

Volume/Issue: 2001/182

Series: IMF Working Papers

Author(s): Cem Karacadag , and Paul Heytens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2001

ISBN: 9781451859263

Keywords: Chinese economy, Chinese corporate sector, Chinese financial sector, industrial enterprises, listed companies, enterprise sector, net fixed assets, state enterprise, Corporate Finance and Governance: General,

This paper examines the leverage, efficiency, and debt-repayment capacity of the Chinese enterprise sector using aggregate and firm level data. The cash coverage of interest expense, in particular, is used as a bri...

Bank Insolvency and Stabilization in Eastern Europe

Bank Insolvency and Stabilization in Eastern Europe »

Source: Bank Insolvency and Stabilization in Eastern Europe

Volume/Issue: 1992/9

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1992

ISBN: 9781451927146

Keywords: banking, inflation, banking system, bank insolvency, banking sector

The profound structural reform underway in Eastern Europe has revealed the weakness of the banking sector there; macroeconomic stability and other reforms are thereby threatened. After an overview of recent develop...

Banking Crises and Bank Resolution

Banking Crises and Bank Resolution »

Source: Banking Crises and Bank Resolution : Experiences in Some Transition Economies

Volume/Issue: 2002/56

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2002

ISBN: 9781451847710

Keywords: transition, banking crises, bank resolution, banking, banking sector, banking crisis, banking system, Financial Institutions and Services: Government Policy and Regulation, Socialist Institutions and Their Transitions: Financial Economics,

Like most transition economies, Bulgaria, Lithuania, and Mongolia suffered severe banking crises, which had to be resolved before growth could resume. The macroeconomic and institutional failings that led to these...