Search Results - subject:"Current Account Deficits"

The Macroeconomic Effects of Natural Resource Extraction; Applications to Papua New Guinea

Basu, Suman S; Gottschalk, Jan; Schule, Werner; … - International Monetary Fund (IMF) - 2013

To investigate the effects on Papua New Guinea’s economy of substantial liquified natural gas revenues arriving in 2015, we employ a model to examine the macroeconomic effects of a scalingup of natural resource windfall revenues and the implications for a variety of policy responses. The model...

Persistent link: https://www.econbiz.de/10011242363

The Evolution of Current Account Deficits in the Euro Area Periphery and the Baltics; Many Paths to the Same Endpoint

Kang, Joong Shik; Shambaugh, Jay C. - International Monetary Fund (IMF) - 2013

Explanations of the large current account deficits for the euro area periphery and the Baltics in the run up to the … growing current account deficits. All of these factors played varying roles in the development of current account deficits …

Persistent link: https://www.econbiz.de/10011242364

External Imbalances and Financial Crises

Taylor, Alan - International Monetary Fund (IMF) - 2013

unprecedented current account deficits and surpluses in recent years. Another view looks within the border: it faults domestic …

Persistent link: https://www.econbiz.de/10010790262

The International Monetary System: Where Are We and Where Do We Need to Go?

Mohan, Rakesh; Patra, Michael Debabrata; Kapur, Muneesh - International Monetary Fund (IMF) - 2013

The North Atlantic financial crisis of 2008-2009 has spurred renewed interest in reforming the international monetary system, which has been malfunctioning in many aspects. Large and volatile capital flows have promoted greater volatility in financial markets, leading to recurrent financial...

Persistent link: https://www.econbiz.de/10010790272

Growth Following Investment and Consumption-Driven Current Account Crises

Klemm, Alexander - International Monetary Fund (IMF) - 2013

Current account deficits imply increasing liabilities to the rest of the world. External sustainability then depends on … that current account deficits reversals that follow investment booms are marked by better growth performance than those … following consumption booms. It also shows that many recent large current account deficits have been predominantly the result of …

Persistent link: https://www.econbiz.de/10010790435

The Economic Impact of IMF-Supported Programs in Low-Income Countries

Bal-Gunduz, Yasemin; Ebeke, Christian; Hacibedel, Burcu; … - International Monetary Fund (IMF) - 2013

This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the...

Persistent link: https://www.econbiz.de/10010790497

External Liabilities and Crises

Catão, Luis; Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 2013

We examine the determinants of external crises, focusing on the role of foreign liabilities and their composition. Using a variety of statistical tools and comprehensive data spanning 1970-2011, we find that the ratio of net foreign liabilities (NFL) to GDP is a significant crisis predictor, and...

Persistent link: https://www.econbiz.de/10010838007

Validity of the Triple Deficit Hypothesis in Turkey Bounds Test Approach

Akinci, Merter; Yilmaz, Ömer - In: Istanbul Stock Exchange Review 13 (2013) 50, pp. 1-28

The current account deficits that reached the critical proportions together with the acceleration of the globalization …

Persistent link: https://www.econbiz.de/10010754627

Georgia; First and Second Reviews Under the Stand-By Arrangement and Under the Standby Credit Facility Arrangement, and Request for Waiver of Nonobservance of Performance Criterionâ€”Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia

International Monetary Fund (IMF); International … - 2013

The new government is committed to prudent macroeconomic policies and to enhancing Georgiaâ€™s business-friendly environment. Large external liabilities plus its high current account deficit remain the main sources of vulnerability, and reducing these in an orderly manner is a key...

Persistent link: https://www.econbiz.de/10011242578

Nicaragua: Staff Report for the 2013 Article IV Consultation

International Monetary Fund (IMF); International … - 2013

This 2013 Article IV Consultation highlights that during the past two years, macroeconomic developments in Nicaragua have been generally favorable. Real GDP grew by an average of 5Â¼ percent during 2011â€“2012, and the annual average inflation was 7Â¼ percent during the same period....

Persistent link: https://www.econbiz.de/10011242588