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Exploring the Dynamics of Global Liquidity

Sally F. (Sally Fangnan) Chen; Liu, Philip; Maechler, … - International Monetary Fund (IMF) - 2012

This paper explores the concept of global liquidity, its measurement and macro-financial importance. We construct two … sets of indicators for global liquidity: a quantity series distinguishing between core and noncore liabilities of financial … between shocks to the supply and demand for global liquidity, and isolate their impact on the economy. Our results confirm …

Persistent link: https://www.econbiz.de/10010790397

Overview of the Indian Corporate Sector: 1989-2002

Topalova, Petia - International Monetary Fund (IMF) - 2004

evaluate its financial vulnerabilities. While promising trends in liquidity, profitability, and leverage of the sector emerged …

Persistent link: https://www.econbiz.de/10005768803

Can Debt Crises Be Self-Fulfilling?

Chamon, Marcos - International Monetary Fund (IMF) - 2004

Several papers argue that debt crises can be the result of self-fulfilling expectations that no one will lend to a country. I show this type of coordination failure can be eliminated by a combination of state-contingent securities and a mechanism that allows investors to promise to lend only if...

Persistent link: https://www.econbiz.de/10005826120

Lebanon-Determinants of Commercial Bank Deposits in a Regional Financial Center

Finger, Harald; Hesse, Heiko - International Monetary Fund (IMF) - 2009

perceived riskiness of individual banks, their liquidity buffers, loan exposure, and interest margins, bear a significant …

Persistent link: https://www.econbiz.de/10008528654

The Development of Local Debt Markets in Asia

Goswami, Mangal; Sharma, Sunil - International Monetary Fund (IMF) - 2011

development has been limited by hurdles confronting borrowers and lenders, current and potential liquidity providers, and …

Persistent link: https://www.econbiz.de/10009151210

How to Stop a Herd of Running Bears? Market Response to Policy Initiatives During the Global Financial Crisis

International Monetary Fund (IMF); International … - 2009

United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia …. Announcements of interest rate cuts, liquidity support, liability guarantees, and recapitalization were associated with a reduction …

Persistent link: https://www.econbiz.de/10008559268

BRICsâ€™ Philosophies for Development Financing and their Implications for LICs

Yang, Yongzheng; Mwase, Nkunde - International Monetary Fund (IMF) - 2012

Flows of development financing from the BRICs (Brazil, Russia, India, and China) to low income countries (LICs) have surged in recent years. Unlike aid from traditional donors, BRICs (excluding Russia) view their financing as primarily based on the principles of South-South cooperation, focusing...

Persistent link: https://www.econbiz.de/10011142033

Private Information, Capital Flows, and Exchange Rates

Gyntelberg, Jacob; Tientip, Subhanij; Loretan, Mico - International Monetary Fund (IMF) - 2012

We demonstrate empirically that not all capital flows influence exchange rates equally: Capital flows induced by foreign investorsâ€™ stock market transactions have both an economically significant and a permanent impact on exchange rates, whereas capital flows induced by foreign...

Persistent link: https://www.econbiz.de/10011142101

Exchange Rate Fluctuations and International Portfolio Rebalancing in Thailand

Gyntelberg, Jacob; Tientip, Subhanij; Loretan, Mico - International Monetary Fund (IMF) - 2012

We present empirical evidence that the Thai bahtâ€™s value is driven in part by investorsâ€™ cross-border equity portfolio rebalancing decisions. Our results are based on comprehensive datasets of FX and stock market transactions undertaken by nonresident investors in Thailand in 2005...

Persistent link: https://www.econbiz.de/10011142113

Real Money Investors and Sovereign Bond Yields

Jaramillo, Laura; Zhang, Yuanyan Sophia - International Monetary Fund (IMF) - 2013

Experience from the global financial crisis suggests that countriesâ€™ borrowing costs are not solely determined by macro and fiscal fundamentals. Factors such as ownership structures of government securities, among others, also play a significant role. This paper investigates the effect of...

Persistent link: https://www.econbiz.de/10011142157