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Adjustment Uncertainty, Confidence, and Growth

Adjustment Uncertainty, Confidence, and Growth »

Source: Adjustment Uncertainty, Confidence, and Growth : Latin America After the Debt Crisis

Volume/Issue: 1989/105

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 December 1989

ISBN: 9781451947359

Keywords: inflation, fiscal adjustment, real wages, public debt, relative prices

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, inclu...

An Application of the "Fan-Chart Approach" to Debt Sustainability in Post-HIPC Low-Income Countries

An Application of the "Fan-Chart Approach" to Debt Sustainability in Post-HIPC Low-Income Countries »

Source: An Application of the "Fan-Chart Approach" to Debt Sustainability in Post-HIPC Low-Income Countries

Volume/Issue: 2014/102

Series: IMF Working Papers

Author(s): Maximilien Kaffo Melou , Mariusz Sumlinski , and Chris Geiregat

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 June 2014

ISBN: 9781498345033

Keywords: HIPC, MDRI, fan chart, debt sustainablity, debt relief, debt sustainability, debt accumulation, debt dynamics, Deficit, International Lending and Debt Problems

We analyse the debt dynamics in countries that benefited from the HIPC/MDRI debt relief initiatives with a view to applying a probabilistic approach to estimating future debt paths for those countries. We extend t...

Are Donor Countries Giving More or Less Aid?

Are Donor Countries Giving More or Less Aid? »

Source: Are Donor Countries Giving More or Less Aid?

Volume/Issue: 2006/1

Series: IMF Working Papers

Author(s): Sanjeev Gupta , Catherine Pattillo , and Smita Wagh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2006

ISBN: 9781451862614

Keywords: Donor Countries, Technical Cooperation, debt, aid flows, International Economic Order,

The volume of foreign aid has increased during the last four decades, albeit with interruptions in certain years. Over time, the major recipients have changed: while the share of aid to Asia has diminished since th...

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...

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 Sustainability

Assessing Fiscal Sustainability »

Source: Assessing Fiscal Sustainability : A Cross-Country Comparison

Volume/Issue: 2003/145

Series: IMF Working Papers

Author(s): Enzo Croce , and V. Juan-Ramon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2003

ISBN: 9781451856569

Keywords: convergence, fiscal rule, public debt, debt ratio, fiscal stance, National Government Expenditures and Related Policies, National Budget, Deficit, and Debt,

To monitor fiscal sustainability, this paper proposes a recursive algorithm derived from the law of motion of the debt-to-GDP ratio, subject to a government reaction function that links convergence to the targeted...

Assessing Fiscal Sustainability in Theory and Practice1

Assessing Fiscal Sustainability in Theory and Practice1 »

Source: Assessing Fiscal Sustainability in Theory and Practice

Volume/Issue: 2000/81

Series: IMF Working Papers

Author(s): Nigel Chalk , and Richard Hemming

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2000

ISBN: 9781451850352

Keywords: Government deficits and debt, present value budget constraint, sustainability indicators, fiscal sustainability, debt ratio, budget constraint, primary deficit

The main purpose of this paper is to provide an overview of approaches to assessing fiscal sustainability. It summarizes the general analytical background, focusing on the present value budget constraint, which is...

Balance Sheets, Exchange Rate Policy, and Welfare

Balance Sheets, Exchange Rate Policy, and Welfare »

Source: Balance Sheets, Exchange Rate Policy, and Welfare

Volume/Issue: 2004/63

Series: IMF Working Papers

Author(s): Selim Elekdag , and Ivan Tchakarov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2004

ISBN: 9781451848458

Keywords: financial accelerator, debt-to-GDP threshold, second-order approximation, exchange rate, exchange rate regimes, exchange rate regime, flexible exchange rate, fixed exchange rate, Open Economy Macroeconomics,

The debate about the appropriate choice of exchange rate regime is fundamental in international economics. This paper develops a small open-economy model with balance sheet effects and compares the performance of f...

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...

Bank Debt in Europe

Bank Debt in Europe »

Source: Bank Debt in Europe : 'Are Funding Models Broken'

Volume/Issue: 2012/299

Series: IMF Working Papers

Author(s): Vanessa Le Lesle

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 December 2012

ISBN: 9781475522037

Keywords: bank debt, funding, Basel, bail-in, bank funding, banking, subordinated debt, liability management, bail-in., Government Policy and Regulation

The crisis in Europe has underscored the vulnerability of European bank funding models compared to international peers. This paper studies the drivers behind this fragility and examines the future of bank funding,...