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Are Emerging Asia's Reserves Really Too High?

Are Emerging Asia's Reserves Really Too High? »

Source: Are Emerging Asia's Reserves Really Too High?

Volume/Issue: 2008/192

Series: IMF Working Papers

Author(s): Marta Ruiz-Arranz , and Milan Zavadjil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2008

ISBN: 9781451870503

Keywords: external liabilities, short-term debt, reserve accumulation

Empirical analysis does not suggest that reserves are "too high" in the majority of Asian countries, though China may be a special case. Much of the reserve increase in Asia can be explained by an optimal insurance...

Are Middle Eastern Current Account Imbalances Excessive?

Are Middle Eastern Current Account Imbalances Excessive? »

Source: Are Middle Eastern Current Account Imbalances Excessive?

Volume/Issue: 2011/195

Series: IMF Working Papers

Author(s): Paul Cashin , and Samya Beidas-Strom

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2011

ISBN: 9781462305247

Keywords: Current account determination, macroeconomic balance approach, oil exporters, exporters, reer, exporting countries, terms of trade, International Lending and Debt Problems, International Policy Coordination and Transmission,

Employing a dynamic panel regression, this study estimates the medium-term current account position for three subgroups of emerging market and developing countries with shared economic characteristics. The fundamen...

Are Sovereign Debt Secondary Market Returns Sensitive to Macroecoriomic Fundamentals?  Evidence from the Contemporary and Interwar Markets

Are Sovereign Debt Secondary Market Returns Sensitive to Macroecoriomic Fundamentals? Evidence from the Contemporary and Interwar Markets »

Source: Are Sovereign Debt Secondary Market Returns Sensitive to Macroecoriomic Fundamentals? Evidence from the Contemporary and Interwar Markets

Volume/Issue: 1990/69

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1990

ISBN: 9781451960624

Keywords: sovereign debt, bond, bonds, debt market, sovereign bond

The insensitivity of sovereign loan secondary market returns to macroeconomic fundamentals has been attributed to market illiquidity and the absence of publicly reported transactional prices. During the 1920s and 1...

Arrears to the IMF - A Ghost of the Past?

Arrears to the IMF - A Ghost of the Past? »

Source: Arrears to the IMF - A Ghost of the Past?

Volume/Issue: 2016/225

Series: IMF Working Papers

Author(s): Anne Oeking , and Mariusz Sumlinski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 November 2016

ISBN: 9781475554823

Keywords: International Monetary Fund, External debt, Arrears, International Monetary Arrangements and Institutions, International Lending and Debt Problems

In this paper, we consider incidences of arrears to the IMF, focusing on protracted arrears cases and attempt to identify determinants of their occurrence. We use narrative and formal methods. In addition, we analy...

As You sow so Shall You Reap

As You sow so Shall You Reap »

Source: As You sow so Shall You Reap : Public Investment Surges, Growth, and Debt Sustainability in togo

Volume/Issue: 2012/127

Series: IMF Working Papers

Author(s): Antonio David , Luis-Felipe Zanna , Raphael Espinoza , Michal Andrle , and Marshall Mills

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2012

ISBN: 9781475503647

Keywords: external debt, external borrowing, public debt, International Lending and Debt Problems, Monetary Growth Models,

This paper presents an analysis of the public investment scaling-up strategy for Togo using a dynamic macroeconomic model that explicitly analyzes the links between public investment, economic growth, and debt sust...

Aspects of Fiscal Performance in Some Transition Economies Under Fund-Supported Programs

Aspects of Fiscal Performance in Some Transition Economies Under Fund-Supported Programs »

Source: Aspects of Fiscal Performance in Some Transition Economies Under Fund-Supported Programs

Volume/Issue: 1997/31

Series: IMF Working Papers

Author(s): Willem Buiter

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1997

ISBN: 9781451980073

Keywords: debt, interest, public debt, deficits, fiscal deficits

Key medium– and longer–term fiscal issues faced by transition economies are reviewed, including government solvency and the sustainability of the fiscal–financial–monetary program. The p...

Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries*

Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries* »

Source: Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries

Volume/Issue: 2014/48

Series: IMF Working Papers

Author(s): Andrew Berg , Enrico Berkes , Catherine Pattillo , Andrea Presbitero , and Yorbol Yakhshilikov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

ISBN: 9781475579772

Keywords: DSF, Sovereign debt crises, debt thresholds, external debt, debt crises, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Macroeconomic Analyses of Economic Development,

The World Bank and the IMF have adopted a debt sustainability framework (DSF) to evaluate the risk of debt distress in Low Income Countries (LICs). At the core of the DSF are empirically-based thresholds for each o...

Assessing China’s Corporate Sector Vulnerabilities

Assessing China’s Corporate Sector Vulnerabilities »

Source: Assessing China's Corporate Sector Vulnerabilities

Volume/Issue: 2015/72

Series: IMF Working Papers

Author(s): Mali Chivakul , and Waikei Lam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 March 2015

ISBN: 9781484308783

Keywords: leverage, state-owned enterprise (SOE), real estate, interest rate shock, debt, interest, interest rate, profit, indebtedness, General,

This paper documents and assesses the risk stemming from rising corporate indebtedness in China using a firm-level dataset of listed firms. It finds that while leverage on average is not high, there is a fat tail...

Assessing Debt Sustainability in Emerging Market Economies Using Stochastic Simulation Methods

Assessing Debt Sustainability in Emerging Market Economies Using Stochastic Simulation Methods »

Source: Assessing Debt Sustainability in Emerging Market Economies Using Stochastic Simulation Methods

Volume/Issue: 2005/226

Series: IMF Working Papers

Author(s): Philippe Karam , and Douglas Hostland

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2005

ISBN: 9781451862454

Keywords: risk measures, fiscal rule, public debt, external debt, debt burden, current account, primary fiscal balance, Simulation Methods, National Deficit Surplus,

This paper applies stochastic simulation methods to assess debt sustainability in emerging market economies and provide probability measures for projections of the external and public debt burden over the medium te...

Assessing Fiscal Risks in Bangladesh

Assessing Fiscal Risks in Bangladesh »

Source: Assessing Fiscal Risks in Bangladesh

Volume/Issue: 2015/110

Series: IMF Working Papers

Author(s): Leandro Medina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 May 2015

ISBN: 9781513551081

Keywords: exchange rate, fiscal risks, guarantees, debt, exchange, liabilities, Forecasts of Budgets, Deficits, and Debt, guarantees.,

This paper identifies, quantifies, and assesses fiscal risks in Bangladesh. By performing sensitivity analysis and using stochastic simulations, it measures risks arising from shocks to GDP growth, the exchange rat...