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The Cost of Private Debt Over the Credit Cycle

The Cost of Private Debt Over the Credit Cycle »

Source: The Cost of Private Debt Over the Credit Cycle

Volume/Issue: 2010/283

Series: IMF Working Papers

Author(s): Eugen Tereanu , Johanna Francis , and Dilek Aykut

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2010

ISBN: 9781455210909

Keywords: debt flows, credit spreads, syndicated lending, credit cycles, bond, private debt, bonds, private debt flows, bond issuance, Global Outlook

We identify global and regional fluctuations in international private debt flows to emerging and developing countries using data on cross border loans and international bond issuance over 1993 -2009. We estimate th...

The Cost of Private Debt Over the Credit Cycle

The Cost of Private Debt Over the Credit Cycle »

Volume/Issue: 2010/283

Series: IMF Working Papers

Author(s): Eugen Tereanu , Johanna Francis , and Dilek Aykut

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2010

DOI: http://dx.doi.org/10.5089/9781455210909.001

ISBN: 9781455210909

Keywords: debt flows, credit spreads, syndicated lending, credit cycles, bond, private debt, bonds, private debt flows, bond issuance, Global Outlook

We identify global and regional fluctuations in international private debt flows to emerging and developing countries using data on cross border loans and international bond issuance over 1993 -2009. We estimate th...

Do Debt-Service Savings and Grants Boost Social Expenditures?

Do Debt-Service Savings and Grants Boost Social Expenditures? »

Source: Do Debt-Service Savings and Grants Boost Social Expenditures?

Volume/Issue: 2006/180

Series: IMF Working Papers

Author(s): Alun Thomas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2006

ISBN: 9781451864403

Keywords: social expenditures, expenditures, debt-service, budget balance, expenditure, International Lending and Debt Problems, National Government Expenditures and Health, National Government Expenditures and Education,

This paper evaluates whether debt relief and grants can boost social expenditures in lowincome countries. It finds that declines in debt-service help raise social expenditures, but no relationship between grants an...

Do Debt-Service Savings and Grants Boost Social Expenditures?

Do Debt-Service Savings and Grants Boost Social Expenditures? »

Volume/Issue: 2006/180

Series: IMF Working Papers

Author(s): Alun Thomas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2006

DOI: http://dx.doi.org/10.5089/9781451864403.001

ISBN: 9781451864403

Keywords: social expenditures, expenditures, debt-service, budget balance, expenditure, International Lending and Debt Problems, National Government Expenditures and Health, National Government Expenditures and Education,

This paper evaluates whether debt relief and grants can boost social expenditures in lowincome countries. It finds that declines in debt-service help raise social expenditures, but no relationship between grants an...

Appendix I. Channels of Transmission of Monetary Policy1

Appendix I. Channels of Transmission of Monetary Policy1 »

Source: Monetary Policy Implementation at Different Stages of Market Development

Series: Occasional Papers

Author(s): Bernard Laurens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 December 2005

ISBN: 9781589064386

Keywords: Money markets, money market, monetary policy, central bank, reserve requirements, money market operations

One key to conducting monetary policy effectively is an efficient transmission mechanism through which monetary policy actions affect aggregate demand in an economy and ultimately i...

Appendix II. Eligible Assets: European Central Bank and Banque de France1

Appendix II. Eligible Assets: European Central Bank and Banque de France1 »

Source: Monetary Policy Implementation at Different Stages of Market Development

Series: Occasional Papers

Author(s): Bernard Laurens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 December 2005

ISBN: 9781589064386

Keywords: Money markets, money market, monetary policy, central bank, reserve requirements, money market operations

The European Central Bank’s System of Eligible Assets The Statute of the European System of Central Banks requires that all Eurosystem credit operations be based on adequate collater...

Appendix III. Enhancing Liquidity Management and Forecasting

Appendix III. Enhancing Liquidity Management and Forecasting »

Source: Monetary Policy Implementation at Different Stages of Market Development

Series: Occasional Papers

Author(s): Bernard Laurens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 December 2005

ISBN: 9781589064386

Keywords: Money markets, money market, monetary policy, central bank, reserve requirements, money market operations

The central bank needs to develop a framework to monitor and forecast short-term liquidity developments in the system on a continuous basis, so that its discretionary operations are...

Appendix IV. Cross-Country Experiences with a Liquidity Surplus

Appendix IV. Cross-Country Experiences with a Liquidity Surplus »

Source: Monetary Policy Implementation at Different Stages of Market Development

Series: Occasional Papers

Author(s): Bernard Laurens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 December 2005

ISBN: 9781589064386

Keywords: Money markets, money market, monetary policy, central bank, reserve requirements, money market operations

In Mexico, the central bank has been using mandatory remunerated deposits to attain a creditor position in the money market. In 1997, Banco de México’s stance in the money market we...

Appendix V. Selected Country Experiences with Interbank Market Development

Appendix V. Selected Country Experiences with Interbank Market Development »

Source: Monetary Policy Implementation at Different Stages of Market Development

Series: Occasional Papers

Author(s): Bernard Laurens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 December 2005

ISBN: 9781589064386

Keywords: Money markets, money market, monetary policy, central bank, reserve requirements, money market operations

The experiences of India, Italy, Korea, Thailand, and Turkey are analyzed regarding the involvement of the central bank in the process, participants in the interbank market, and the...

I Overview

I Overview »

Source: Monetary Policy Implementation at Different Stages of Market Development

Series: Occasional Papers

Author(s): Bernard Laurens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 December 2005

ISBN: 9781589064386

Keywords: Money markets, money market, monetary policy, central bank, reserve requirements, money market operations

Central bankers around the world generally agree on the benefits for the economy of using market-based instruments to implement monetary policy. Following a trend initiated in the 1970s in industrial countri...