Search Results

You are looking at 1 - 10 of 48 items

  • Keyword: or Comparative x
Clear All Modify Search
The Liquidation of Government Debt1

The Liquidation of Government Debt1 »

Source: The Liquidation of Government Debt

Volume/Issue: 2015/7

Series: IMF Working Papers

Author(s): Carmen Reinhart , and M. Belen Sbrancia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 January 2015

ISBN: 9781484369234

Keywords: deleveraging, financial repression, debt, interest, interest rates, real interest, General, General, International, or Comparative,

High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After...

Central Bank Governance

Central Bank Governance »

Source: Central Bank Governance : A Survey of Boards and Management

Volume/Issue: 2004/226

Series: IMF Working Papers

Author(s): JoAnne Morris , and Tonny Lybek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2004

ISBN: 9781451875416

Keywords: central bank, inflation, reserve bank, Economic History: Financial Markets and Institutions: General, International, or Comparative,

This paper identifies issues to consider when designing the structure, size, and composition of the governing boards and management of a central bank. While central bank autonomy and accountability are generally ac...

That Squeezing Feeling

That Squeezing Feeling »

Source: That Squeezing Feeling : The Interest Burden and Public Debt Stabilization

Volume/Issue: 2013/125

Series: IMF Working Papers

Author(s): Xavier Debrun , and Tidiane Kinda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2013

ISBN: 9781484321737

Keywords: interest payments, fiscal reaction, fiscal policy, fiscal reaction function, government revenue, Comparative or Joint Analysis of Fiscal and Monetary or Stabilization Policy, Deficit,

The paper explores the extent to which the pressure of debt service on other spending items may push governments to embark on fiscal consolidation beyond what is strictly necessary to secure solvency. The empirical...

From Volatility to Stability in Expenditure: Stabilization Funds in Resource-Rich Countries

From Volatility to Stability in Expenditure: Stabilization Funds in Resource-Rich Countries »

Source: From Volatility to Stability in Expenditure : Stabilization Funds in Resource-Rich Countries

Volume/Issue: 2014/43

Series: IMF Working Papers

Author(s): Naotaka Sugawara

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 March 2014

ISBN: 9781475515275

Keywords: stabilization fund, fiscal volatility, government expenditure, institution, stabilization, expenditure, public spending, Comparative or Joint Analysis of Fiscal and Monetary or Stabilization Policy, General, Government Policy,

This paper examines the effect of stabilization funds on the volatility of government expenditure in resource-rich countries. Using a panel data set of 68 resource-rich countries over 1988-2012, the results find th...

(Not) Dancing Together

(Not) Dancing Together »

Source: (Not) Dancing Together : Monetary Policy Stance and the Government Spending Multiplier

Volume/Issue: 2015/114

Series: IMF Working Papers

Author(s): Vincent Belinga , and Constant Lonkeng Ngouana

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 May 2015

ISBN: 9781513572185

Keywords: Spending multiplier, accommodative monetary policy, local projections, government spending, interest rates, interest, Quantitative Policy Modeling, Comparative or Joint Analysis of Fiscal and Monetary or Stabilization Policy,

This paper provides estimates of the government spending multiplier over the monetary policy cycle. We identify government spending shocks as forecast errors of the growth rate of government spending from the Surve...

Inflation Targeting and Fiscal Rules

Inflation Targeting and Fiscal Rules »

Source: Inflation Targeting and Fiscal Rules : Do Interactions and Sequencing Matter?

Volume/Issue: 2014/89

Series: IMF Working Papers

Author(s): Jean-Louis Combes , Xavier Debrun , Alexandru Minea , and Rene Tapsoba

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2014

ISBN: 9781498322379

Keywords: institutional reform sequencing, inflation, inflation rate, terms of trade, Monetary Policy (Targets, Instruments, and Effects), Comparative or Joint Analysis of Fiscal and Monetary or Stabilization Policy, Deficit,

The paper examines the joint impact of inflation targeting (IT) and fiscal rules (FR) on fiscal behavior and inflation in a broad panel of advanced and developing economies over the period 1990-2009. The main contr...

Effects of Culture on Firm Risk-Taking

Effects of Culture on Firm Risk-Taking »

Source: Effects of Culture on Firm Risk-Taking : A Cross-Country and Cross-Industry Analysis

Volume/Issue: 2012/210

Series: IMF Working Papers

Author(s): Roxana Mihet

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2012

ISBN: 9781475505603

Keywords: National culture, corporate risk-taking, industry opacity, risk-taking, shareholders, shareholder, shareholders ? rights, Firm Objectives, Organization, and Behavior: General

This paper investigates the effects of national culture on firm risk-taking, using a comprehensive dataset covering 50,000 firms in 400 industries in 51 countries. Risk-taking is found to be higher for domestic fir...

External Imbalances and Financial Crises

External Imbalances and Financial Crises »

Source: External Imbalances and Financial Crises

Volume/Issue: 2013/260

Series: IMF Working Papers

Author(s): Alan Taylor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 December 2013

ISBN: 9781484322260

Keywords: financial openness, external imbalances, credit booms, recessions, recession, General, Macroeconomic Aspects of International Trade and Finance, General, International, or Comparative,

Consider two views of the global financial crisis. One view looks across the border: it blames external imbalances, the unprecedented current account deficits and surpluses in recent years. Another view looks withi...

India’s Recent Macroeconomic Performance

India’s Recent Macroeconomic Performance »

Source: India's Recent Macroeconomic Performance : An Assessment and Way Forward

Volume/Issue: 2014/68

Series: IMF Working Papers

Author(s): Muneesh Kapur , and Rakesh Mohan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2014

ISBN: 9781484360675

Keywords: Exchange Rate, Growth, Oil Demand, Savings, inflation, financial stability, real interest rate, real interest rates, Monetary Policy (Targets, Instruments

The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and...

The Corporation of Foreign Bondholders

The Corporation of Foreign Bondholders »

Source: The Corporation of Foreign Bondholders

Volume/Issue: 2003/107

Series: IMF Working Papers

Author(s): Paolo Mauro , and Yishay Yafeh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2003

ISBN: 9781451853001

Keywords: foreign bondholders, bond finance, creditor coordination, bondholders, bonds, debt, creditors, creditor, Financial Aspects of Economic Integration, Economic History: Financial Markets and Institutions: General

This paper analyzes the Corporation of Foreign Bondholders (CFB), an association of British investors holding bonds issued by foreign governments. The CFB played a key role during the heyday of international bond f...