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Denmark: Stress Testing the Banking, Insurance, and Pension Sectors - Technical Note

International Monetary Fund (IMF); International … - 2014

Persistent link: https://www.econbiz.de/10011245610

United Republic of Tanzania; Fourth Review Under the Policy Support Instrument: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Direct...

International Monetary Fund (IMF); International … - 2009

This paper discusses key findings of the Fourth Review under the Policy Support Instrument (PSI) for the United Republic of Tanzania. By October 2008, inflation had risen to 11.8 percent mainly reflecting the surge in global food and fuel prices, but is expected to begin to recede. Poverty...

Persistent link: https://www.econbiz.de/10011245759

Spain: Financial Sector Reformâ€”Final Progress Report

International Monetary Fund (IMF); International … - 2014

This paper discusses key findings of the progress report on financial sector reforms in Spain. Spainâ€™s European Stability Mechanism (ESM)-supported program of financial sector reform aimed to assist economic recovery by promoting financial stability. The program was adopted in mid-2012....

Persistent link: https://www.econbiz.de/10011245805

Rethinking Macro Policy II; Getting Granular

Blanchard, Olivier J.; Dell'Ariccia, Giovanni; Mauro, Paolo - International Monetary Fund (IMF) - 2013

This note explores how the economic thinking about macroeconomic management has evolved since the crisis began. It discusses developments in monetary policy, including unconventional measures; the challenges associated with increased public debt; and the policy potential, risks, and...

Persistent link: https://www.econbiz.de/10011245877

Macroprudential Policy; What Instruments and How to Use them? Lessons From Country Experiences

International Monetary Fund (IMF); International … - 2011

This paper provides the most comprehensive empirical study of the effectiveness of macroprudential instruments to date. Using data from 49 countries, the paper evaluates the effectiveness of macroprudential instruments in reducing systemic risk over time and across institutions and markets. The...

Persistent link: https://www.econbiz.de/10009369434

Rapid Credit Growth; Boon or Boom-Bust?

Elekdag, Selim; Wu, Yiqun - International Monetary Fund (IMF) - 2011

interest rates (a proxy for global liquidity) are virtually flat during these periods. Therefore, although external factors … such as global liquidity conditions matter, and possibly increasingly so over time, domestic factors (especially monetary …

Persistent link: https://www.econbiz.de/10009369437

Systemic Risk and Optimal Regulatory Architecture

Espinosa-Vega, Marco A; Matta, Rafael; Kahn, Charles M.; … - International Monetary Fund (IMF) - 2011

Until the recent financial crisis, the safety and soundness of financial institutions was assessed from the perspective of the individual institution. The financial crisis highlighted the need to take systemic externalities seriously when rethinking prudential oversight and the regulatory...

Persistent link: https://www.econbiz.de/10009293760

How Do Banking Crises Affect Bilateral Exports?

Kiendrebeogo, Youssouf - International Monetary Fund (IMF) - 2013

simple open economy model in which banking crises translate into negative liquidity shocks, leading to collapses in exports …

Persistent link: https://www.econbiz.de/10010790269

Optimal Liquidity and Economic Stability

Han, Linghui; Lee, Il Houng - International Monetary Fund (IMF) - 2012

attention was paid to the potential spillover of excess liquidity. This paper suggests a notional level of "optimal" liquidity …

Persistent link: https://www.econbiz.de/10010790278

Monetary Transaction Costs and the Term Premium

Espinoza, Raphael A.; Tsomocos, Dimitrios P. - International Monetary Fund (IMF) - 2013

We show that, in a monetary equilibrium, trade and asset prices depend on both the supply of the liquidity by the … Central Bank and the liquidity of assets and commodities. As a result, monetary aggregates are informative for the conduct of … monetary policy. We also show asset prices are higher in liquidity-constrained states of nature. This generates a term premium …

Persistent link: https://www.econbiz.de/10010790281