Search Results

You are looking at 1 - 10 of 135 items

  • Keyword: general government debt x
Clear All Modify Search
Local Government Financing Platforms in China: A Fortune or Misfortune?1

Local Government Financing Platforms in China: A Fortune or Misfortune?1 »

Source: Local Government Financing Platforms in China : A Fortune or Misfortune?

Volume/Issue: 2013/243

Series: IMF Working Papers

Author(s): Yinqiu Lu , and Tao Sun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2013

ISBN: 9781475599671

Keywords: local government, capital markets, local governments, local government borrowing, local government debt, local government revenue, General, and capital markets,

China's rapid credit expansion in 2009-10 brought local government financing platforms (LGFPs) into the spotlight. This paper discusses their function, reasons behind their recent expansion, and risks they are posi...

Stochastic Trends, Debt Sustainability and Fiscal Policy

Stochastic Trends, Debt Sustainability and Fiscal Policy »

Source: Stochastic Trends, Debt Sustainability and Fiscal Policy

Volume/Issue: 2016/59

Series: IMF Working Papers

Author(s): Karim Barhoumi , Reda Cherif , and Nooman Rebei

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2016

ISBN: 9781513574677

Keywords: Cyclicality, debt, future, government spending, permanent shocks, General, All Countries,

We study empirically the reaction of fiscal policy to changes in the permanent and transitory components of GDP in a panel of countries. We find evidence that government spending tends to be counter-cyclical condit...

Fiscal Policy in Latin America

Fiscal Policy in Latin America »

Source: Fiscal Policy in Latin America : Lessons and Legacies of the Global Financial Crisis

Volume/Issue: 2015/6

Series: Staff Discussion Notes

Author(s): Oya Celasun , Francesco Grigoli , Keiko Honjo , Javier Kapsoli , Alexander Klemm , Bogdan Lissovolik , Jan Luksic , Marialuz Moreno Badia , Joana Pereira , Marcos Poplawski-Ribeiro , Baoping Shang , and Yulia Ustyugova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 April 2015

ISBN: 9781498304412

Keywords: Fiscal policy, Latin America, fiscal institutions, debt, expenditure, financial crisis, Structure and Scope of Government, General, General, General,

Latin America's bold fiscal policy reaction to the global financial crisis was hailed as a sign that the region had finally overcome its procyclical fiscal past. However, most countries of the region have not yet r...

Emerging Market Portfolio Flows

Emerging Market Portfolio Flows »

Source: Emerging Market Portfolio Flows : The Role of Benchmark-Driven Investors

Volume/Issue: 2015/263

Series: IMF Working Papers

Author(s): Serkan Arslanalp , and Takahiro Tsuda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 December 2015

ISBN: 9781513570655

Keywords: Portfolio Choice, Investment Decisions, markets, currency, investors, government debt, debt, General, All Countries, and Investment Decisions,

Portfolio flows to emerging markets (EMs) tend to be correlated. A possible explanation is the role global benchmarks play in allocating capital internationally, the so-called 'benchmark effect.' This paper finds t...

Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten1

Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten1 »

Source: Financial and Sovereign Debt Crises : Some Lessons Learned and Those Forgotten

Volume/Issue: 2013/266

Series: IMF Working Papers

Author(s): Carmen Reinhart , and Kenneth Rogoff

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 December 2013

ISBN: 9781475552874

Keywords: sovereign debt crises, deleveraging, credit cycles, financial repression, debt restructuring., domestic debt, government debt, debt overhang, General, Financial Markets and the Macroeconomy

Even after one of the most severe multi-year crises on record in the advanced economies, the received wisdom in policy circles clings to the notion that high-income countries are completely different from their eme...

The Cyclicality of Fiscal Policy in the Middle East and Central Asia

The Cyclicality of Fiscal Policy in the Middle East and Central Asia »

Source: The Cyclicality of Fiscal Policy in the Middle East and Central Asia : Is the Current Crisis Different?

Volume/Issue: 2010/68

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2010

ISBN: 9781451982121

Keywords: government spending, public debt, fiscal policy response, General Outlook and Conditions, Fiscal Policies and Behavior of Economic Agents: General, National Government Expenditures and Related Policies: General, National Budget, Deficit, and Debt: General,

The countries of the Middle East and North Africa, and the Caucasus and Central Asia have the highest output volatility in the world. Fiscal policy is a powerful tool that can help dampen the business cycles. This...

Some Algebra of Fiscal Transparency

Some Algebra of Fiscal Transparency »

Source: Some Algebra of Fiscal Transparency : How Accounting Devices Work and How to Reveal Them

Volume/Issue: 2012/228

Series: IMF Working Papers

Author(s): Timothy Irwin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2012

ISBN: 9781475510577

Keywords: accounting devices, accrual accounting, cash accounting, government finance, full accrual accounting, government finance statistics, National Budget, Deficit, and Debt: General,

Accounting devices that artificially reduce the measured fiscal deficit can be analyzed as transactions involving unrecognized assets and liabilities. Different accounting systems recognize different sets of assets...

Growth Forecast Errors and  Fiscal Multipliers

Growth Forecast Errors and Fiscal Multipliers »

Source: Growth Forecast Errors and Fiscal Multipliers

Volume/Issue: 2013/1

Series: IMF Working Papers

Author(s): Olivier Blanchard , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 January 2013

ISBN: 9781475576443

Keywords: government expenditure, output fluctuations, fiscal consolidation, fiscal multipliers, growth forecast, fiscal balance, General, General, Forecasts of Budgets, Deficits

This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated...

Stock-Flow Adjustments, Government’s Integrated Balance Sheet and Fiscal Transparency1

Stock-Flow Adjustments, Government’s Integrated Balance Sheet and Fiscal Transparency1 »

Source: Stock-Flow Adjustments, Government's Integrated Balance Sheet and Fiscal Transparency

Volume/Issue: 2013/63

Series: IMF Working Papers

Author(s): Mike Seiferling

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 March 2013

ISBN: 9781475537642

Keywords: stock flow adjustments, debt, liabilities, deficits, government finance, Positive Analysis of Policy-Making and Implementation, General,

This paper re-examines the stock-flow discrepancies of government debt and deficits and correlation with fiscal transparency. Applying the fully integrated relationship between financial stocks and flows allows for...

A Primer on Managing Sovereign Debt-Portfolio Risks

A Primer on Managing Sovereign Debt-Portfolio Risks »

Source: A Primer on Managing Sovereign Debt-Portfolio Risks

Volume/Issue: 2018/74

Series: IMF Working Papers

Author(s): Thordur Jonasson , and Michael Papaioannou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2018

ISBN: 9781484350546

Keywords: Public debt management, Financial risk, Foreign Exchange Hedging, Government Securities Markets, General, Portfolio Choice

This paper provides an overview of sovereign debt portfolio risks and discusses various liability management operations (LMOs) and instruments used by public debt managers to mitigate these risks. Debt management s...