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The Ties That Bind; Measuring International Bond Spillovers Using the Inflation-Indexed Bond Yields
Swiston, Andrew; Bayoumi, Tamim - International Monetary Fund (IMF) - 2007
This paper explores international bond spillovers using daily and intra-day data on yields on inflation-indexed bonds … Kingdom. The analysis starts in 2002, by which point U.S. inflation-indexed markets were fully mature. Real bond yields are … yields and no evidence of spillovers back to the United States. Spillovers in inflation expectations are smaller and the …
Persistent link: https://www.econbiz.de/10005826197
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India; 2006 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2007
This 2006 Article IV Consultation highlights that India’s economy has continued to grow above trend, with an average growth of 8 percent in the last three years. Growth is broad based, with robust consumption, investment, and exports. With manufacturing expanding at more than 10 percent...
Persistent link: https://www.econbiz.de/10011245493
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Globalization, Gluts, innovation or Irrationality; What Explains the Easy Financing of the U.S. Current Account Deficit?
Balakrishnan, Ravi; Tulin, Volodymyr; Bayoumi, Tamim - International Monetary Fund (IMF) - 2007
This paper examines the roles of U.S. financial innovation, financial globalization, and the savings glut hypothesis in explaining the rise in U.S. external debt, first in a portfolio balance model, and then empirically. Perhaps surprisingly, financial deepening and falling home bias in...
Persistent link: https://www.econbiz.de/10005263763
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Unforeseen Events Wait Lurking; Estimating Policy Spillovers From U.S. to Foreign Asset Prices
Bayoumi, Tamim; Bui, Trung - International Monetary Fund (IMF) - 2011
Event studies are used to analyze the impact of U.S. financial, fiscal, and monetary policies from US to foreign asset prices across a range of G20 countries and Switzerland. The initial announcement that the Administration supported tighter regulation of banks led to a generalized fall in...
Persistent link: https://www.econbiz.de/10009203538
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From Crisis to Recovery in Korea; Strategy, Achievements, and Lessons
Kang, Kenneth; Liang, Hong; Ma, Henry; Richards, Anthony J. - International Monetary Fund (IMF) - 2001
This paper reviews and draws lessons from the stabilization and reform program that Korea implemented in response to the 1997-98 crisis. The economy recovered quickly from the deep recession in 1998 and its vulnerability to a balance of payments crisis has been reduced sharply. Significant...
Persistent link: https://www.econbiz.de/10005825786
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Financial Spillovers to Emerging Markets During the Global Financial Crisis
Frank, Nathaniel; Hesse, Heiko - International Monetary Fund (IMF) - 2009
emerging market (EM) bond and stock markets are analyzedduring the latest crisis. A multivariate GARCH model is estimated in …
Persistent link: https://www.econbiz.de/10008528671
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Bond Markets As Conduits for Capital Flows; How Does Asia Compare?
Luengnaruemitchai, Pipat; Eichengreen, Barry J. - International Monetary Fund (IMF) - 2006
diversification by mutual funds, in turn reflecting a dearth of appropriate assets. Asian Bond Fund 2, by creating a passively managed …
Persistent link: https://www.econbiz.de/10005769016
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The United States; Spillover Report: 2011 Article IV Consultation
International Monetary Fund (IMF); International … - 2011
policy spillovers. Concerns that the end of QE2 could lead to a rapid reversal of emerging market capital flows appear … overblown. A credible plan for a gradual U.S. fiscal consolidation would likely have limited short-term spillovers and …
Persistent link: https://www.econbiz.de/10011243769
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Currency Hedging for International Portfolios
Schmittmann, Jochen M. - International Monetary Fund (IMF) - 2010
-country equity and bond portfolios from the perspectives of German, Japanese, British and American investors. Over the period 1975 to …
Persistent link: https://www.econbiz.de/10008560448
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Transmission of Liquidity Shocks; Evidence From the 2007 Subprime Crisis
Hesse, Heiko; Frank, Nathaniel; González-Hermosillo, Brenda - International Monetary Fund (IMF) - 2008
We examine the linkages between market and funding liquidity pressures, as well as their interaction with solvency issues surrounding key financial institutions during the 2007 subprime crisis. A multivariate GARCH model is estimated in order to test for the transmission of liquidity shocks...
Persistent link: https://www.econbiz.de/10005769187