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Does the Exchange Regime Matter for inflation and Growth?
International Monetary Fund - 1996
Although the theoretical relationships are ambiguous, evidence suggestsa strong link between the choice of the exchange rate regime and economicperformance. The paper argues that adopting a pegged exchange rate canlead to lower inflation, but also to slower growth in productivity. Itfinds that...
Persistent link: https://www.econbiz.de/10014399171
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Deconstructing the International Business Cycle : Why Does a U.S. Sneeze Give the Rest of the World a Cold?
International Monetary Fund - 2010
The 2008 crisis underscored the interconnectedness of the international business cycle, with U.S. shocks leading to the largest global slowdown since the 1930s. We estimate spillover effects across major advanced country regions in a structural VAR (SVAR) using pre-crisis data. Our new method...
Persistent link: https://www.econbiz.de/10014402644
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Financial Globalization : The Impact on Trade, Policy, Labor, and Capital Flows
International Monetary Fund - 2007
. Articles also look at the expansion of world trade, explore the impact of globalization on jobs, taxation, and the poor, and …
Persistent link: https://www.econbiz.de/10014404799
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2015 External Sector Report
International Monetary Fund - 2015
After narrowing modestly in 2013, the global scale of current account imbalances, and of excess imbalances, held steady in 2014. Over the last several years, while the country composition of imbalances has rotated somewhat, overall there has been little progress on reducing excess imbalances....
Persistent link: https://www.econbiz.de/10014408543
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Capital Flows : Review of Experience with the Institutional View
International Monetary Fund - 2016
Capital flows are an important aspect of the international monetary system. They provide significant benefits, both direct and indirect. At the same time, they also carry risks, and a key challenge for countries is how to harness the benefits while managing the risks. The institutional view on...
Persistent link: https://www.econbiz.de/10014408595
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2016 External Sector Report
International Monetary Fund - 2016
, heightened global risk aversion, contributed to softer capital inflows and depreciation pressures in many EMs. This moderate …
Persistent link: https://www.econbiz.de/10014408606
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Increasing Resilience to Large and Volatile Capital Flows : The Role of Macroprudential Policies
International Monetary Fund - 2017
systemic financial risk. Benefits, such as enhanced investment and consumption smoothing, tend to be greater for countries … national level, robust macroprudential policy frameworks focused on mitigating systemic risk can improve the capacity of a … and to reduce systemic financial risk stemming from such flows (CFM/MPMs), and thereby ensure the appropriate application …
Persistent link: https://www.econbiz.de/10014408642
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Increasing Resilience to Large and Volatile Capital Flows : The Role of Macroprudential Policies
International Monetary Fund - 2017
Persistent link: https://www.econbiz.de/10014408670
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2017 External Sector Report
International Monetary Fund - 2017
Global current account imbalances were broadly unchanged in 2016, with minor shifts adding to the reconfiguration under way since 2013. The fall in commodity prices, uneven cyclical recoveries in systemic economies, and differences in policy responses contributed to the rotation of imbalances....
Persistent link: https://www.econbiz.de/10014408676
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External Sector Report, July 2018 : Tackling Global Imbalances amid Rising Trade Tensions
International Monetary Fund - 2018
, reserves, capital flows, and external balance sheets of the world's largest economies. The 2018 edition includes an analytical …
Persistent link: https://www.econbiz.de/10014408937