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Bank Asset Quality in Emerging Markets

Bank Asset Quality in Emerging Markets »

Source: Bank Asset Quality in Emerging Markets : Determinants and Spillovers

Volume/Issue: 2012/71

Series: IMF Working Papers

Author(s): Reinout De Bock , and Alexander Demyanets

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2012

ISBN: 9781475502237

Keywords: Macro-financial linkages, Nonperforming loans, Exchange rate, Panel regressions, capital inflows, net capital flows, exchange rates, Bank Asset Quality in Emerging Markets, Financial Markets and the Macroeconomy, International Finance: General

This paper assesses the vulnerability of emerging markets and their banks to aggregate shocks. We find significant links between banks' asset quality, credit and macroeconomic aggregates. Lower economic growth, an...

Capital Account Liberalization and the Real Exchange Rate in Chile

Capital Account Liberalization and the Real Exchange Rate in Chile »

Source: Capital Account Liberalization and the Real Exchange Rate in Chile

Volume/Issue: 2005/132

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2005

ISBN: 9781451861518

Keywords: Capital Account Liberalization, Real Exchange Rate, Foreign Exchange Intervention, Reserve Requirements, Capital Flows, exchange rate, capital inflows, Financial Aspects of Economic Integration, International Finance Forecasting and Simulation,

After the failure of the early 1980s, a second attempt at capital account liberalization was gradually carried out in Chile during the 1990s, this time in parallel with increased exchange rate flexibility. Capital...

Capital Flows and the Twin Crises

Capital Flows and the Twin Crises »

Source: Capital Flows and the Twin Crises : The Role of Liquidity

Volume/Issue: 1997/87

Series: IMF Working Papers

Author(s): Ilan Goldfajn , and Rodrigo Valdes

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1997

ISBN: 9781451850987

Keywords: exchange rate, capital inflows, capital outflows, capital flows, capital outflow

This paper develops a model that focuses on the interaction of liquidity creation by financial intermediaries with capital flows and exchange rate collapses. The intermediaries’ role of transforming maturiti...

Capital Flows with Debt- and Equity-Financed Investment-Equilibrium Structure and Efficiency Implications1

Capital Flows with Debt- and Equity-Financed Investment-Equilibrium Structure and Efficiency Implications1 »

Source: Capital Flows with Debt- and Equity-Financed Investment-Equilibrium Structure and Efficiency Implications

Volume/Issue: 1998/159

Series: IMF Working Papers

Author(s): Assaf Razin , Chi-Wa Yuen , and Efraim Sadka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1998

ISBN: 9781451857641

Keywords: debt and equity, efficient capital flows, asymmetric information, corrective policy, equity market, capital flows, equity finance, stock of capital, capital market

This paper distinguishes between debt and equity flows in the presence of information asymmetry between the firm’s “insiders” and “outsiders” in a small open economy. It shows the...

Capital Mobility and Exchange Market Intervention in Developing Countries

Capital Mobility and Exchange Market Intervention in Developing Countries »

Source: Capital Mobility and Exchange Market Intervention in Developing Countries

Volume/Issue: 1996/131

Series: IMF Working Papers

Author(s): Liliana Rojas-Suárez , Donald Mathieson , and Michael Dooley

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1996

ISBN: 9781451855234

Keywords: capital flows, capital mobility, private capital flows, foreign exchange, capital controls

Official controls on interest rates and capital flows rule out the use of traditional interest rate parity conditions to measure changes in the degree of capital mobility confronting developing countries. This pape...

Capital Mobility and Monetary Policy in Colombia

Capital Mobility and Monetary Policy in Colombia »

Source: Capital Mobility and Monetary Policy in Colombia

Volume/Issue: 1988/77

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 August 1988

ISBN: 9781451956474

Keywords: foreign assets, net foreign assets, domestic credit, capital mobility, capital flows

This paper estimates a model of financial markets in Colombia to examine: 1) the authorities’ control over domestic interest rates and the money stock; and 2) the effects of the crawling peg exchange rate po...

Current Account Sustainability

Current Account Sustainability »

Source: Current Account Sustainability : Selected East Asian and Latin American Experiences

Volume/Issue: 1996/110

Series: IMF Working Papers

Author(s): Assaf Razin , and Gian Milesi-Ferretti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1996

ISBN: 9781451853292

Keywords: current account, current account deficits, capital inflows, external debt, capital flows

A number of developing countries have run large and persistent current account deficits in both the late seventies/early eighties and in the early nineties, raising the issue of whether these persistent imbalances...

Cyclical Fluctuations in Brazil's Real Exchange Rate

Cyclical Fluctuations in Brazil's Real Exchange Rate »

Source: Cyclical Fluctuations in Brazil's Real Exchange Rate : The Role of Domestic and External Factors

Volume/Issue: 1997/128

Series: IMF Working Papers

Author(s): Alexander Hoffmaister , Carlos Medeiros , and Pierre-Richard Agénor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1997

ISBN: 9781451935486

Keywords: Real exchange rate, capital inflows, generalized VAR analysis, and Brazil, exchange rate, capital flows, private capital inflows

This paper examines the effects of capital inflows and domestic factors on Brazil’s real exchange rate. It describes the analytical framework, and then estimates a near-VAR model linking capital flows, inter...

Debt-Equity Composition of International Investment

Debt-Equity Composition of International Investment »

Source: Debt-Equity Composition of International Investment

Volume/Issue: 1988/8

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1988

ISBN: 9781451927511

Keywords: bonds, capital flows, international capital, government bonds, cost of capital

Capital flows to the nonindustrial countries share three striking characteristics. First, the bulk, of these flows was in the form of debt, not equity; second, the loans were mostly to, or guaranteed by, debtor gov...

Determinants and Repercussions of the Composition of Capital Inflows

Determinants and Repercussions of the Composition of Capital Inflows »

Source: Determinants and Repercussions of the Composition of Capital Inflows

Volume/Issue: 2002/86

Series: IMF Working Papers

Author(s): Mark Carlson , and Leonardo Hernández

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2002

ISBN: 9781451850895

Keywords: crisis, contagion, exchange rate, capital inflows, real exchange rate, net capital flows

The Mexican, Asian, and Russian crises of the mid- and late 1990s have renewed interest among policymakers in the determinants and effects of private capital inflows. This paper analyzes whether policies can affect...