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To Pass (or Not to Pass) Through International Fuel Price Changes to Domestic Fuel Prices in Developing Countries: What Are the Drivers?

To Pass (or Not to Pass) Through International Fuel Price Changes to Domestic Fuel Prices in Developing Countries: What Are the Drivers? »

Source: To Pass (or Not to Pass) Through International Fuel Price Changes to Domestic Fuel Prices in Developing Countries: What Are the Drivers?

Volume/Issue: 2020/194

Series: IMF Working Papers

Author(s): Kangni Kpodar , and Patrick Imam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2020

ISBN: 9781513557625

Keywords: Fuel prices, Energy subsidies, Oil prices, Inflation, Consumption, WP, tag0, price, pass-through, country

While many developing countries limit the international fuel price pass through to domestic fuel prices, others do not. Against this backdrop, we examine the factors that determine whether governments allow interna...

Beyond the COVID-19 Crisis: A Framework for Sustainable Government-To-Person Mobile Money Transfers

Beyond the COVID-19 Crisis: A Framework for Sustainable Government-To-Person Mobile Money Transfers »

Source: Beyond the COVID-19 Crisis: A Framework for Sustainable Government-To-Person Mobile Money Transfers

Volume/Issue: 2020/198

Series: IMF Working Papers

Author(s): Delphine Prady , Herve Tourpe , Sonja Davidovic , and Soheib Nunhuck

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2020

ISBN: 9781513557670

Keywords: Mobile banking, Currencies, Population and demographics, Banking, Technology, WP, government, Novissi G2P, country, firm

During the 2020 pandemic, the majority of countries have provided income support to households at an unprecedented speed and scale. Social distancing measures and the large penetration of mobile phones in emerging...

Demographics and the Housing Market: Japan's Disappearing Cities

Demographics and the Housing Market: Japan's Disappearing Cities »

Source: Demographics and the Housing Market: Japan's Disappearing Cities

Volume/Issue: 2020/200

Series: IMF Working Papers

Author(s): Yuko Hashimoto , Gee Hee Hong , and Xiaoxiao Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2020

ISBN: 9781513557700

Keywords: Housing prices, Population and demographics, Housing, Population growth, Inflation, WP, tag0, house price, mi, price

How does a shrinking population affect the housing market? In this study, drawing on Japan's experience, we find that there exists an asymmetric relationship between housing prices and population change. Due to the...

IT Shields: Technology Adoption and Economic Resilience during the COVID-19 Pandemic

IT Shields: Technology Adoption and Economic Resilience during the COVID-19 Pandemic »

Source: IT Shields: Technology Adoption and Economic Resilience during the COVID-19 Pandemic

Volume/Issue: 2020/208

Series: IMF Working Papers

Author(s): Nicola Pierri , and Yannick Timmer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2020

ISBN: 9781513557755

Keywords: Unemployment rate, Unemployment, COVID-19 , Labor, Technology, WP, tag0, graphic tag0, mi, IT adoption

We study the economic effects of information technology (IT) adoption during the COVID-19 pandemic. Using data on IT adoption covering almost three million establishments in the US, we find that technology adoption...

Market Power, Growth, and Inclusion: The South African Experience1

Market Power, Growth, and Inclusion: The South African Experience1 »

Source: Market Power, Growth, and Inclusion: The South African Experience

Volume/Issue: 2020/206

Series: IMF Working Papers

Author(s): Vimal Thakoor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2020

ISBN: 9781513557731

Keywords: Competition, Commodity markets, Private investment, Labor markets, Job creation, WP, market power, product market, firm, market concentration

Before the pandemic, the South African economy remained stuck in low gear, with anemic growth, stagnant private investment, and a shrinking tradable sector. Subdued growth has raised unemployment, poverty, and ineq...

Financial Frictions and Firm Informality: A General Equilibrium Perspective1

Financial Frictions and Firm Informality: A General Equilibrium Perspective1 »

Source: Financial Frictions and Firm Informality: A General Equilibrium Perspective

Volume/Issue: 2020/211

Series: IMF Working Papers

Author(s): Luis Franjo , Nathalie Pouokam , and Francesco Turino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2020

ISBN: 9781513557809

Keywords: Self-employment, Tax evasion, Financial frictions, Credit, Informal economy, WP, informal firm, firms informality, survival firm, ghost firm

In this paper we build a model of occupational choice with informal production and progressive income taxation. We calibrate the model to the Brazilian economy to evaluate the impact of removing financial frictions...

SME Financial Inclusion for Sustained Growth in the Middle East and Central Asia

SME Financial Inclusion for Sustained Growth in the Middle East and Central Asia »

Source: SME Financial Inclusion for Sustained Growth in the Middle East and Central Asia

Volume/Issue: 2019/209

Series: IMF Working Papers

Author(s): Mishel Ghassibe , Maximiliano Appendino , and Samir Elsadek Mahmoudi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2019

ISBN: 9781513509112

Keywords: Financial crises, Real sector, Financial inclusion, Labor productivity, Economic growth, Small and Medium Sized Enterprises, Economic Grow, WP, central Asia region, SMEs

This paper offers empirical evidence that greater financial inclusion of small and medium enterprises (SMEs) can promote higher economic growth and employment, especially in the Middle East and Central Asia regions...

Credit Misallocation and Economic Growth in Vietnam*

Credit Misallocation and Economic Growth in Vietnam* »

Source: Credit Misallocation and Economic Growth in Vietnam

Volume/Issue: 2019/189

Series: IMF Working Papers

Author(s): Mitsuru Katagiri

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 September 2019

ISBN: 9781513511764

Keywords: Macroprudential policies and financial stability, Bank credit, Credit, Bank capital, Economic growth, credit misallocation, state owned enterprises, political economy, WP, SOEs

The legacy of non-performing loans and high opportunity cost of government financing of bank recapitalization impeded the efficiency of financial intermediation and are an important policy issue in Vietnam. This pa...

Optimal Macroprudential Policy and Asset Price Bubbles

Optimal Macroprudential Policy and Asset Price Bubbles »

Source: Optimal Macroprudential Policy and Asset Price Bubbles

Volume/Issue: 2019/184

Series: IMF Working Papers

Author(s): Nina Biljanovska , Lucyna Gornicka , and Alexandros Vardoulakis

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 August 2019

ISBN: 9781513511078

Keywords: Economic conditions, Financial crises, Demand, Economic stabilization, Price indexes, Collateral constraints, rational bubbles, macroprudential regulation, optimal policy, WP

An asset bubble relaxes collateral constraints and increases borrowing by credit-constrained agents. At the same time, as the bubble deflates when constraints start binding, it amplifies downturns. We show analytic...

Breaking the Bank? A Probabilistic Assessment of Euro Area Bank Profitability

Breaking the Bank? A Probabilistic Assessment of Euro Area Bank Profitability »

Source: Breaking the Bank? A Probabilistic Assessment of Euro Area Bank Profitability

Volume/Issue: 2019/254

Series: IMF Working Papers

Author(s): Selim Elekdag , Sheheryar Malik , and Srobona Mitra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2019

ISBN: 9781513516141

Keywords: Financial crises, Central banks, Financial services, Banking systems, Macroprudential policies and financial stability, Bank profitability, quantile regressions, conditional distributions, WP, ROA

This paper explores the determinants of profitability across large euro area banks using a novel approach based on conditional profitability distributions. Real GDP growth and the NPL ratio are shown to be the most...