Similar Search Results

A Solution to Two Paradoxes of International Capital Flow

Wei, Shang-Jin; Ju, Jiandong - International Monetary Fund (IMF) - 2006

International capital flows from rich to poor countries can be regarded as either too low (the Lucas paradox in a one-sector model) or too high (when compared with the logic of factor price equalization in a two-sector model). To resolve the paradoxes, we introduce a non-neoclassical model which...

Persistent link: https://www.econbiz.de/10005768844

Capital Flows and Economic Fluctuations; The Role of Commercials Banks in Transmitting Shocks

Zhou, Yong Sarah - International Monetary Fund (IMF) - 2008

This paper uses a general equilibrium model to examine the central role played by commercial banks in intermediating and amplifying the capital flow shocks to the local economy in the 1997 Asia financial crisis. It finds that a sudden stop of capital inflows affects the equilibrium credit supply...

Persistent link: https://www.econbiz.de/10005768845

Bank Efficiency and Market Structure; What Determines Banking Spreads in Armenia?

Floerkemeier, Holger; Dabla-Norris, Era - International Monetary Fund (IMF) - 2007

Despite far-reaching banking sector reforms and a prolonged period of macroeconomic stability and strong economic growth, financial intermediation in Armenia has lagged behind other transition countries, and interest rate spreads have remained higher than in most Central and Eastern European...

Persistent link: https://www.econbiz.de/10005768878

FDI Spillovers, Financial Markets and Economic Development

Sayek, Selin; Alfaro, Laura; Chanda, Areendam; … - International Monetary Fund (IMF) - 2003

This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and economic development. We model an economy with a continuum of agents indexed by their level of ability. Agents can either work for the foreign company or undertake entrepreneurial...

Persistent link: https://www.econbiz.de/10005768918

Banks' Precautionary Capital and Credit Crunches

Valencia, Fabian - International Monetary Fund (IMF) - 2008

Periods of banking distress are often followed by sizable and long-lasting contractions in bank credit. They may be explained by a declined demand by financially impaired borrowers (the conventional financial accelerator) or by lower supply by capital-constrained banks, a "credit crunch". This...

Persistent link: https://www.econbiz.de/10005769120

Early Birds, Late Risers, and Sleeping Beauties; Bank Credit Growth to the Private Sector in Central and Eastern Europe and in the Balkans

Hollar, Ivanna Vladkova; Dell'Ariccia, Giovanni; … - International Monetary Fund (IMF) - 2003

Following a period of privatization and restructuring, commercial banks in Central and Eastern Europe and, more recently, in the Balkans have rapidly expanded their lending to the private sector. This paper describes the causes of this expansion, assesses future trends, and evaluates its policy...

Persistent link: https://www.econbiz.de/10005769208

Capital Flows to Transition Economies; Master or Servant

Lipschitz, Leslie; Mourmouras, Alex; Lane, Timothy D. - International Monetary Fund (IMF) - 2002

This paper discusses the forces driving capital flows in the transition countries of Central and Eastern Europe (CEE). It argues that various influences—specifically, the real exchange rate history and trend and the factor intensity of production—can combine to motivate very large capital...

Persistent link: https://www.econbiz.de/10005769312

Albania; 2004 Article IV Consultation, Fifth Review Under the Poverty Reduction and Growth Facility, Request for Extension of the Arrangement, and Financing Assurances Reviewâ€”Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Albania

International Monetary Fund (IMF); International … - 2005

This paper reviews Albaniaâ€™s 2004 Article IV Consultation, Fifth Review Under the Poverty Reduction and Growth Facility (PRGF), Request for Extension of the Arrangement, and Financing Assurances Review. The macroeconomic performance of the Albanian economy has been remarkable by both...

Persistent link: https://www.econbiz.de/10005591824

Vietnam; 2001 Article IV Consultation and First Review Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteriaâ€”Staff Report; Staff Statement; Public Information Notice; News Brief; and Statement by the Executive Director for Vietnam

International Monetary Fund (IMF); International … - 2002

This paper assesses Vietnamâ€™s 2001 Article IV Consultation, First Review Under the Poverty Reduction and Growth Facility (PRGF), and a Request for Waiver and Modification of Performance Criteria. Economic performance has been positive so far in 2001, under the first-year PRGF-supported...

Persistent link: https://www.econbiz.de/10005598787

What Drives China's Growing Role in Africa?

Wang, Jian-Ye - International Monetary Fund (IMF) - 2007

What role does China play in Africa's development? What drives China's increasing economic involvement in the continent …? This paper attempts to provide a quantified assessment of China's multifaceted influence as market, donor, financer and … government policies, markets for each other's exports, Africa's demand for infrastructure, and differences in China's approach to …

Persistent link: https://www.econbiz.de/10005599225