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This paper examines the relationship between adherence to international standards of good practice in policy-making and … other work, this study reviews a broad set of indicators for adherence to international standards. The estimations are … nonlinearities in the relationships. The main finding confirms the expectation that standards are indeed relevant. Accounting …
Persistent link: https://www.econbiz.de/10005769141
The Millennium Development Goals (MDGs) represent a global commitment to improve economic and social conditions in low-income countries. Capacity building is key to promoting higher economic growth, which, in turn, is an important prerequisite for making progress toward the MDGs. This paper uses...
Persistent link: https://www.econbiz.de/10005769196
Since the IMF launched the data standards initiatives a decade ago, 145 of its 184 member countries have participated … and participating countries, and establishes effective monitoring procedures to ensure the credibility of the standards … accountability. The initiatives may provide insights for the promotion of similar international standards. …
Persistent link: https://www.econbiz.de/10005769263
standards for and supervision of the valuation of assets and risk management practices. …
Persistent link: https://www.econbiz.de/10005599486
This paper suggests a way forward in the effort to measure statistical capacity building by combining features of two tools – the Project Management System, a logical framework methodology that the IMF Statistics Department uses to plan, monitor, and evaluate technical assistance projects, and...
Persistent link: https://www.econbiz.de/10005599593
a negative shock to banks' capital/assetratio on lending standards, which in turn affect consumer credit, mortgages, and …
Persistent link: https://www.econbiz.de/10005599689
(FCI). Credit availability—proxied by survey results on lending standards—is an important driver of the business cycle …, accounting for over 20 percent of the typical contribution of financial factors to growth. A net tightening in lending standards … existence of a credit channel of monetary policy. Shocks to corporate bond yields, equity prices, and real exchange rates also …
Persistent link: https://www.econbiz.de/10005826027
procyclicality in lending standards by affecting the behavior of banks’ capital buffers. This paper uses a two-country DSGE model … prices to shocks described by Aiyagari and Gertler (1999), and to quantify the stabilization gains from policies aimed at … volatility reduction in equity prices, investment, and external imbalances would be sizable. In the presence of cross …
Persistent link: https://www.econbiz.de/10005826640
This paper studies whether compliance with the Basel Core Principles for effective banking supervision (BCPs) is associated with bank soundness. Using data for over 3,000 banks in 86countries, we find that neither the overall index of BCP compliance nor its individual components are robustly...
Persistent link: https://www.econbiz.de/10008470385
The relationship between the observance of financial system standards and financial stability is complex owing to the … multitude of macroeconomic and structural factors affecting stability. Therefore, assessments of standards in terms of technical …
Persistent link: https://www.econbiz.de/10005264028