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A General Equilibrium Model with Informal Financial Markets

International Monetary Fund - 1991

The paper presents a general equilibrium framework for short-run macroeconomic analysis in a developing country context where controls on interest rates and foreign exchange restrictions lead to the emergence of informal financial markets. The complexity of the model precludes an analytical...

Persistent link: https://www.econbiz.de/10014397805

Financial Integration in Latin America

International Monetary Fund - 2016

Many Latin American economies have experienced significant reductions in growth recently, as a result of the end of the commodity super-cycle and the rebalancing of China's growth, and a number of global banks have been leaving the region. AlthoughLatin American countries were generally less...

Persistent link: https://www.econbiz.de/10014408630

Integrating Europe's financial markets

Decressin, Jörg (contributor); Faruqee, Hamid (contributor) - 2007

are the remaining challenges going forward? What are the gains of closer financial market integration? This IMF book … tracks the European Union's journey along the path to a single financial market and identifies the challenges and priorities … interplay between banks and markets, and equity market integration. It closely examines the relationship between financial …

Persistent link: https://www.econbiz.de/10012673981

A Simple Dge Model for Inflation Targeting

International Monetary Fund - 2007

) emerging market economies. The paper uses a particularly simple and flexible general equilibrium model structure that can be …

Persistent link: https://www.econbiz.de/10014400322

Social Security Tax Reform and Unemployment : A General Equilibrium Analysis for France

International Monetary Fund - 1997

This paper develops and calibrates a simple general equilibrium model with two types of labor and capital for the French economy. The simulation results indicate that targeted reductions in employer social security taxes have six times as large an effect on employment as untargeted reductions...

Persistent link: https://www.econbiz.de/10014401626

The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition : Issues and Lessons From Experience

International Monetary Fund - 1994

In economies in transition, the development of financial markets is a common objective linking the monetary and fiscal authorities, while monetary and public debt management cannot be strictly separated. This calls for close coordination of objectives and instruments of monetary and debt...

Persistent link: https://www.econbiz.de/10014398325

Designing financial supervision institutions : independence, accountability and governance

Masciandaro, Donato (ed.); Quintyn, Marc (ed.) - 2007

issue, both in theory and practice. This perception changed dramatically in the mid-1990s, and over the past decade many …

Persistent link: https://www.econbiz.de/10015412483

Euro Area Policies; 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Member Countries

International Monetary Fund (IMF); International … - 2007

The Euro Area Policiesâ€™ 2007 Article IV Consultation reports that the economy is poised for a sustained upswing because of cyclical considerations and policies, which have had a forward-looking cast. The areaâ€™s external position and the real effective exchange rate of the euro are...

Persistent link: https://www.econbiz.de/10011245374

Developing Essential Financial Markets in Smaller Economies; Stylized Facts and Policy Options

International Monetary Fund (IMF); International … - 2008

This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....

Persistent link: https://www.econbiz.de/10011245902

Economic Structure, the Exchange Rate and Adjustment in the Federal Republic of Germany : A General Equilibrium Approach

International Monetary Fund - 1988

This paper traces the effects of an appreciation of the deutsche mark with the help of a computable general equilibrium model under alternative structural policy scenarios. In the first scenario, characterized by severe structural rigidities, the contractionary effects of exchange rate...

Persistent link: https://www.econbiz.de/10014395794