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Kovanen, Arto; Frécaut, Olivier; Baldwin, Barbara E.; … - International Monetary Fund (IMF) - 2001

This study looks at the first two years of the banking crisis that erupted in Indonesia in late 1997. It finds that the … banking sector was weak at the outset, and that governance problems intensified the crisis and seriously delayed its … in the costs of resolution. By end-1999, the critical elements to reconstruct the banking system were in place, and the …

Persistent link: https://www.econbiz.de/10005826629

Issues in Managing and Sequencing Financial Sector Reforms Lessons From Experiences in Five Developing Countries

International Monetary Fund (IMF); International … - 1992

A review of the experience of five developing countries in reforming their financial systems illustrates the benefits and risks, and provides lessons on the factors which contribute to successful financial sector reforms. Financial sector reforms need to be supported by active monetary policy,...

Persistent link: https://www.econbiz.de/10005825950

Public Debt Markets in Central America, Panama, and the Dominican Republic

Jobst, Andreas; Valderrama, Laura; Guerra, Ivan; Shah, … - International Monetary Fund (IMF) - 2007

This paper-consisting of a regional study and seven country studies-reviews the state of domestic public debt markets in Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and Panama as at end-2005. Although they account for the lion's share of capital markets, regional...

Persistent link: https://www.econbiz.de/10005825635

Can Emerging Market Central Banks Bail Out Banks? A+L4848 Cautionary Tale From Latin America

International Monetary Fund (IMF); International … - 2011

This paper investigates whether developing and emerging market countries can implement monetary policies similar to those used by advanced countries during the recent global crisis - injecting significant amounts of money into the financial system without facing major short-run adverse...

Persistent link: https://www.econbiz.de/10009370539

Central Bank Involvement in Banking Crises in Latin America

Jácome, Luis Ignacio - International Monetary Fund (IMF) - 2008

arrangements were in place, which highlights the importance of building a suitable framework for preventing and managing banking …

Persistent link: https://www.econbiz.de/10005264086

A Balance Sheet Approach to Financial Crisis

Setser, Brad; Roubini, Nouriel; Keller, Christian; … - International Monetary Fund (IMF) - 2002

The paper lays out an analytical framework for understanding crises in emerging markets based on examination of stock variables in the aggregate balance sheet of a country and the balance sheets of its main sectors (assets and liabilities). It focuses on the risks created by maturity, currency,...

Persistent link: https://www.econbiz.de/10005825923

The Level and Composition of Public Sector Debt in Emerging Market Crises

Rother, Bjoern; Hakobyan, Ivetta; Bolle, Monica … - International Monetary Fund (IMF) - 2006

external public debt to multilateral creditors and a greater exposure of the domestic banking system to sovereign debt. …

Persistent link: https://www.econbiz.de/10005825985

Financial Sector Conditionality; Is tougher Better?

Kronenberg, Roger P.; Giustiniani, Alessandro - International Monetary Fund (IMF) - 2005

The aim of this paper is to take a closer look at IMF conditionality in the banking sector. Our analysis shows that …-supported banking sector reform strategies has contributed to an improvement in banking sector performance, increases in the hardness …

Persistent link: https://www.econbiz.de/10005826164

A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania

Kim, Daehaeng; Saito, Mika - International Monetary Fund (IMF) - 2009

A zero net domestic financing (NDF) target has served Tanzania well in recent years, contributing to prudent expenditure policy, improved fiscal sustainability, and macroeconomic stability. Moving to a more flexible fiscal policy, however, may serve Tanzania better. The "diamond rule" proposed...

Persistent link: https://www.econbiz.de/10008540930

Assessing and Managing Rapid Credit Growth and the Role of Supervisory and Prudential Policies

Pazarbasioglu, Ceyla; Johnsen, Gudrun; Hilbers, Paul … - International Monetary Fund (IMF) - 2005

This paper reviews trends in bank lending to the private sector, with a particular focus on Central and Eastern European countries, and finds that rapid growth of private sector credit continues to be a key challenge for most of these countries. The paper discusses possible implications for...

Persistent link: https://www.econbiz.de/10005263910