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Foreign Banks; Trends, Impact and Financial Stability

Horen, Neeltje van; Claessens, Stijn - International Monetary Fund (IMF) - 2012

This paper introduces a comprehensive database on bank ownership for 137 countries over 1995-2009, and reviews foreign … bank behavior and impact. It documents substantial increases in foreign bank presence, with many more home and host … foreign bank presence negatively related with domestic credit creation. During the global crisis foreign banks reduced credit …

Persistent link: https://www.econbiz.de/10009650620

Chile; Institutions and Policies Underpinning Stability and Growth

Kalter, Eliot; Phillips, Steven; Singh, Manmohan; … - International Monetary Fund (IMF) - 2004

This paper presents the primary institutions and economic policies that have led to Chileâ€™s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully...

Persistent link: https://www.econbiz.de/10005767351

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

Kuwait; 2002 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Kuwait

International Monetary Fund (IMF); International … - 2003

This 2002 Article IV Consultation highlights that in 2001, overall real growth for Kuwait fell slightly as oil output dropped following OPEC-mandated production cuts. The real non-oil GDP growth decelerated to 0.5 percent from 1 percent in 2000 as the private sector investment remained broadly...

Persistent link: https://www.econbiz.de/10005825410

Being a Foreigner Among Domestic Banks; Asset or Liability?

Horen, Neeltje van; Claessens, Stijn - International Monetary Fund (IMF) - 2009

Studying a large number of banks in various countries between 1999 and 2006, we document that foreign banks perform better when from a high income country, when host country competition is limited, and when they are large and rely more on deposits for funding. Foreign banks' performance improves...

Persistent link: https://www.econbiz.de/10008497616

Taxing Financial Transactions; An Assessment of Administrative Feasibility

Brondolo, John - International Monetary Fund (IMF) - 2011

This paper considers how a tax on financial transactions could be applied to three broad and partially overlapping categories of financial instruments: (1) exchange-traded instruments; (2) over-the-counter instruments; and, (3) foreign exchange instruments. For each category, the paper examines...

Persistent link: https://www.econbiz.de/10009203525

United Kingdom-Montserrat-British Overseas Territory; 2011 Article IV Consultation

International Monetary Fund (IMF); International … - 2012

The 2011 Article IV Consultation highlights that low growth is expected for Montserrat in 2011 after sharp output contractions in 2009â€“10. Stress in the financial sector and slower-than-expected development of major capital investment projects continue to limit prospects for growth....

Persistent link: https://www.econbiz.de/10011245356

Slovak Republic; Statistical Appendix

International Monetary Fund (IMF); International … - 2003

In this paper, the following statistical data are presented in detail: GDP at current and constant prices, GDP by sectors at current and constant prices, employment by sector, average monthly wages, unemployment and vacancies, profit and losses of enterprises, number of enterprises, GDP...

Persistent link: https://www.econbiz.de/10005768645

Bond Markets As Conduits for Capital Flows; How Does Asia Compare?

Luengnaruemitchai, Pipat; Eichengreen, Barry J. - International Monetary Fund (IMF) - 2006

We use data on the extent to which residents of one country hold the bonds of issuers resident in another as a measure of financial integration or interrelatedness, asking how Asia compares with Europe and Latin America and with the base case in which the purchaser and issuer of the bonds reside...

Persistent link: https://www.econbiz.de/10005769016

Foreign Banks in Emerging Market Crises; Evidence From Malaysia

Detragiache, Enrica; Gupta, Poonam - International Monetary Fund (IMF) - 2004

Foreign banks have greatly increased their presence in emerging market countries in recent years. This paper compares the performance of domestic banks and a long-established group of foreign banks during the recent crisis in Malaysia. We find that the sharpest differences are between banks...

Persistent link: https://www.econbiz.de/10005769058