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Accounting for Macrofinancial Fluctuations and Turbulence

Accounting for Macrofinancial Fluctuations and Turbulence »

Source: Accounting for Macrofinancial Fluctuations and Turbulence

Volume/Issue: 2018/238

Series: IMF Working Papers

Author(s): Francis Vitek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484381571

Keywords: Macrofinancial analysis; World economy; Dynamic stochastic general equilibrium model; Autoregressive conditional heteroskedasticity, Macrofinancial analysis, World economy, Dynamic stochastic general equilibrium model, Autoregressive conditional heteroskedasticity, General, Monetary Policy (Targets, Instruments, and Effects)

This paper investigates the sources of macrofinancial fluctuations and turbulence within the framework of an approximate linear dynamic stochastic general equilibrium model of the world economy, augmented with stru...

Assessing China's Residential Real Estate Market

Assessing China's Residential Real Estate Market »

Source: Assessing China's Residential Real Estate Market

Volume/Issue: 2017/248

Series: IMF Working Papers

Author(s): Ding Ding , Xiaoyu Huang , Tao Jin , and W. Raphael Lam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 November 2017

ISBN: 9781484324813

Keywords: Asia and Pacific, Macroprudential Policy, Central banks and their policies, China real estate market, housing bubbles, Monetary Policy (Targets, Instruments, and Effects), Housing Supply and Markets, Bayesian Analysis

China's real estate market rebounded sharply after a temporary slowdown in 2014-2015. This paper uses city-level data to estimate the range of house price overvaluation across city-tiers and assesses the main risks...

Bank Leverage and Monetary Policy's Risk-Taking Channel

Bank Leverage and Monetary Policy's Risk-Taking Channel »

Source: Bank Leverage and Monetary Policy's Risk-Taking Channel : Evidence from the United States

Volume/Issue: 2013/143

Series: IMF Working Papers

Author(s): Giovanni Dell'Ariccia , Luc Laeven , and Gustavo Suarez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 June 2013

ISBN: 9781484381137

Keywords: leverage, risk, bank risk, bank risk taking, tier 1 capital, bank capital, banking, Monetary Policy (Targets, Instruments, and Effects),

We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data on the internal ratings of U.S. banks on loans to businesses over the period 1997 to 2011 from t...

Banking in a Steady State of Low Growth and Interest Rates1

Banking in a Steady State of Low Growth and Interest Rates1 »

Source: Banking in a Steady State of Low Growth and Interest Rates

Volume/Issue: 2018/192

Series: IMF Working Papers

Author(s): Qianying Chen , Mitsuru Katagiri , and Jay Surti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 August 2018

ISBN: 9781484373873

Keywords: Banking, Interest rates, Growth, Low-for-Long, Prolonged Low Interest Rates, Monetary Policy (Targets, Instruments, and Effects), Firm Performance: Size, Diversification

A prolonged low-interest-rate environment presents a significant challenge to banks and is likely to entail major changes to their business models over the long-run. Lower returns to maturity transformation in the...

Benchmarking Banking Sector Efficiency Across Regional Blocks in Sub-Saharan Africa

Benchmarking Banking Sector Efficiency Across Regional Blocks in Sub-Saharan Africa »

Source: Benchmarking Banking Sector Efficiency Across Regional Blocks in Sub-Saharan Africa : What Room for Policy?

Volume/Issue: 2013/51

Series: IMF Working Papers

Author(s): Francois Boutin-Dufresne , Santiago Peña , Oral Williams , and Tomasz A. Zawisza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2013

ISBN: 9781557753304

Keywords: Financial intermediation efficiency, net interest margins, economies of scale, institutions., banking, net interest margin, financial intermediation, financial system, Government Policy and Regulation, Financial Markets and the Macroeconomy

This paper examines the determinants of net interest margins in four regional blocks in Sub-Saharan Africa and one comparator block in the Eastern Caribbean. Using bank-level data, we find that countries with a hig...

Big Players Out of Synch

Big Players Out of Synch »

Source: Big Players Out of Synch : Spillovers Implications of US and Euro Area Shocks

Volume/Issue: 2015/215

Series: IMF Working Papers

Author(s): Carolina Osorio Buitron , and Esteban Vesperoni

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2015

ISBN: 9781513558448

Keywords: Economic News, Emerging Economies, economies, monetary conditions, money, advanced economies, Forecasting and Other Model Applications, Forecasting and Simulation, Financial Markets and the Macroeconomy, Monetary Policy (Targets

Given the prospects of asynchronous monetary conditions in the United States and the euro area, this paper analyzes spillovers among these two economies, as well as the implications of asynchronicity for spillovers...

Can Islamic Banking Increase Financial Inclusion?*

Can Islamic Banking Increase Financial Inclusion?* »

Source: Can Islamic Banking Increase Financial Inclusion?

Volume/Issue: 2015/31

Series: IMF Working Papers

Author(s): Sami Ben Naceur , Adolfo Barajas , and Alexander Massara

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2015

ISBN: 9781498370813

Keywords: financial inclusion, Financial Possibility Frontier, bank, banking, banks, credit, Financial Markets and the Macroeconomy, Monetary Policy (Targets, Instruments, and Effects)

The paper analyses existing country-level information on the relationship between the development of Islamic banking and financial inclusion. In Muslim countries-members of the Organization for Islamic Cooperation...

Capital Flows, Financial Intermediation and Macroprudential Policies

Capital Flows, Financial Intermediation and Macroprudential Policies »

Source: Capital Flows, Financial Intermediation and Macroprudential Policies

Volume/Issue: 2014/157

Series: IMF Working Papers

Author(s): Matteo Ghilardi , and Shanaka Peiris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2014

ISBN: 9781498365659

Keywords: Financial Frictions, capital inflows, banking, bank capital, Monetary Policy (Targets, Instruments, and Effects), International Policy Coordination and Transmission,

This paper develops an open-economy DSGE model with an optimizing banking sector to assess the role of capital flows, macro-financial linkages, and macroprudential policies in emerging Asia. The key result is that...

The Case for a Long-Run Inflation Target of Four Percent

The Case for a Long-Run Inflation Target of Four Percent »

Source: The Case for a Long-Run Inflation Target of Four Percent

Volume/Issue: 2014/92

Series: IMF Working Papers

Author(s): Laurence Ball

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 June 2014

ISBN: 9781498395601

Keywords: Inflation Target, percent inflation, central bank, Monetary Policy (Targets, Instruments, and Effects),

Many central banks target an inflation rate near two percent. This essay argues that policymakers would do better to target four percent inflation. A four percent target would ease the constraints on monetary polic...

Central Bank Financial Strength in Central America and the Dominican Republic

Central Bank Financial Strength in Central America and the Dominican Republic »

Source: Central Bank Financial Strength in Central America and the Dominican Republic

Volume/Issue: 2014/87

Series: IMF Working Papers

Author(s): Andrew Swiston , Florencia Frantischek , Przemek Gajdeczka , and Alexander Herman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2014

ISBN: 9781484387368

Keywords: central bank, inflation, monetary fund, monetary policy, Institutions and the Macroeconomy, Monetary Policy (Targets, Instruments, and Effects),

This paper examines the financial strength of central banks in Central America and the Dominican Republic (CADR). Some central banks are working off the effects of intervention in distressed financial institutions...