Search Results - subject:"FOREIGN CURRENCY"

External Conditions and Debt Sustainability in Latin America

Adler, Gustavo; Sosa, Sebastian - International Monetary Fund (IMF) - 2013

Highly favorable external conditions have helped Latin America strengthen its economic fundamentals over the last decade. But, has the region built enough buffers to guard itself from a weakening of the external environment? This paper addresses this question by developing a simple framework...

Persistent link: https://www.econbiz.de/10011142027

International Evidence on Government Support and Risk Taking in the Banking Sector

Marques, Luís Brandão; Correa, Ricardo; Sapriza, Horacio - International Monetary Fund (IMF) - 2013

Government support to banks through the provision of explicit or implicit guarantees affects the willingness of banks to take on risk by reducing market discipline or by increasing charter value. We use an international sample of bank data and government support to banks for the periods...

Persistent link: https://www.econbiz.de/10011142178

ЦЕЛИ И ПРИНЦИПЫ УПРАВЛЕНИЯ ВАЛЮТНЫМИ РЕЗЕРВАМИ В СОВРЕМЕННЫХ ЭКОНОМИЧЕСКИХ УСЛОВИЯХ

ВАЛЕНТИНОВНА, ТИМОФЕЕВА ОЛЬГА - In: ИЗВЕСТИЯ … (2013) 3, pp. 137-140

В статье рассматриваются цели и принципы управления валютными резервами на современном этапе. Анализируются процессы трансформации подходов к управлению...

Persistent link: https://www.econbiz.de/10011221610

Inflation Targeting and Country Risk; An Empirical Investigation

Fouejieu, Armand; Roger, Scott - International Monetary Fund (IMF) - 2013

The sovereign debt crisis in Europe has highlighted the role of country risk premia as a link between countriesâ€™ fiscal and external balances, financial conditions and monetary policy. The purpose of this paper is to estimate how adoption of inflation targeting (IT) affects spreads. It is...

Persistent link: https://www.econbiz.de/10011242286

Non-Performing Loans in CESEE; Determinants and Impact on Macroeconomic Performance

Klein, Nir - International Monetary Fund (IMF) - 2013

The paper investigates the non-performing loans (NPLs) in Central, Eastern and South-Eastern Europe (CESEE) in the period of 1998–2011. The paper finds that the level of NPLs can be attributed to both macroeconomic conditions and banks’ specific factors, though the latter set of factors was...

Persistent link: https://www.econbiz.de/10011242324

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

Developments in Foreign Exchange and OTC Derivatives Markets

Brooks, Matthew; Deans, Cameron; Wallis, Peter; Watson, … - In: RBA Bulletin (2013) December, pp. 59-70

Global activity in foreign exchange and over-the-counter (OTC) derivatives markets continued to increase over the three years to April 2013. The increase in foreign exchange turnover was mostly driven by growth in the United Kingdom. Turnover in Australia declined slightly, even though global...

Persistent link: https://www.econbiz.de/10010815249

Excessive household debt: causes, trends and consequences

Bauer, Péter; Endrész, Mariann; Kiss, Regina; … - In: MNB Bulletin 8 (2013) Special, pp. 28-36

. This analysis focuses on the evolution of household debt in Hungary. As the weight of foreign currency denominated loans … within total lending in Hungary was elevated, we examine in detail the spread of foreign currency lending among households … followed by an increasing preponderance of foreign currency lending among consumer and housing loans. During the pre-crisis era …

Persistent link: https://www.econbiz.de/10010898287

The Impact of Foreign Bank Deleveraging on Korea

Jain-Chandra, Sonali; Kim, Min Jung; Park, Sung Ho; … - International Monetary Fund (IMF) - 2013

Korea was hit hard by the 2008 global financial crisis, with the foreign bank deleveraging channel coming prominently into play. The global financial crisis demonstrated that a sharp deleveraging can be transmitted to emerging markets through the bank lending channel to a slowdown in credit...

Persistent link: https://www.econbiz.de/10010790297

Do Inflows or Outflows Dominate? Global Implications of Capital Account Liberalization in China

Bayoumi, Tamim; Ohnsorge, Franziska - International Monetary Fund (IMF) - 2013

This paper assesses the implications of Chinese capital account liberalization for capital flows. Stylized facts from capital account liberalization in advanced and large emerging market economies illustrate that capital account liberalization has historically generated large gross capital in-...

Persistent link: https://www.econbiz.de/10010790306