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Post-Crisis Changes in Global Bank Business Models: A New Taxonomy

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Post-Crisis Changes in Global Bank Business Models: A New Taxonomy »

Volume/Issue: 2019/295

Series: IMF Working Papers

Author(s): John Caparusso , Yingyuan Chen , Peter Dattels , Rohit Goel , and Paul Hiebert

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2019

DOI: http://dx.doi.org/10.5089/9781513522883.001

ISBN: 9781513522883

Keywords: Financial crises, Central banks, Financial services, Banking systems, Financial infrastructure, International banks, Business model, Bank performance, Global Financial Stability, Regulation

The Global Financial Crisis unleashed changes in the operating and regulatory environments for large international banks. This paper proposes a novel taxonomy to identify and track business model evolution for the...

Sovereign Asset and Liability Management in Emerging Market Countries: The Case of Uruguay

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Sovereign Asset and Liability Management in Emerging Market Countries: The Case of Uruguay »

Volume/Issue: 2019/290

Series: IMF Working Papers

Author(s): André Amante , Phillip Anderson , Thordur Jonasson , Herman Kamil , and Michael Papaioannou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2019

DOI: http://dx.doi.org/10.5089/9781513511696.001

ISBN: 9781513511696

Keywords: Financial crises, Financial management, Financial markets, Financial statements, Financial institutions, Public Debt Management, Financial Risk, Foreign Exchange Hedging, Government Securities Markets, WP

This paper provides an overview of the strategic and operational issues as well as institutional challenges, related to the implementation of the Sovereign Asset and Liability Management (SALM) approach. Applicati...

The Role of Board Oversight in Central Bank Governance: Key Legal Design Issues

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The Role of Board Oversight in Central Bank Governance: Key Legal Design Issues »

Volume/Issue: 2019/293

Series: IMF Working Papers

Author(s): Wouter Bossu , and Arthur D. P. Rossi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2019

DOI: http://dx.doi.org/10.5089/9781513524054.001

ISBN: 9781513524054

Keywords: Central bank capital, Reserve requirements, Central bank legislation, Central banks, Central bank governance, Board Oversight, Legal Design, WP, oversight board, bank law

This paper discusses key legal issues in the design of Board Oversight in central banks. Central banks are complex and sophisticated organizations that are challenging to manage. While most economic literature focu...

Inflation and Public Debt Reversals in Advanced Economies

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Inflation and Public Debt Reversals in Advanced Economies »

Source: Inflation and Public Debt Reversals in Advanced Economies

Volume/Issue: 2019/297

Series: IMF Working Papers

Author(s): Ichiro Fukunaga , Takuji Komatsuzaki , and Hideaki Matsuoka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2019

ISBN: 9781513521596

Keywords: Real interest rates, Negative interest rates, Economic growth, Financial crises, Economic forecasting, Inflation, public debt, financial repression, advanced economies, WP

This paper quantitatively assesses the effects of inflation shocks on the public debt-to-GDP ratio in 19 advanced economies using simulation and estimation approaches. The simulations based on the debt dynamics equ...

Innovate to Lead or Innovate to Prevail: When do Monopolistic Rents Induce Growth?

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Innovate to Lead or Innovate to Prevail: When do Monopolistic Rents Induce Growth? »

Source: Innovate to Lead or Innovate to Prevail: When do Monopolistic Rents Induce Growth?

Volume/Issue: 2019/294

Series: IMF Working Papers

Author(s): Roberto Piazza , and Yu Zheng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2019

ISBN: 9781513512518

Keywords: Monopoly rights, Index numbers, Economic sectors, General equilibrium models, Consumption, Innovation, growth, creative destruction, R&D cost, WP

This paper extends the Schumpeterian model of creative destruction by allowing followers' cost of innovation to increase in their technological distance from the leader. This assumption is motivated by the observat...

List of IMF Member Countries with Delays in Completion of Article IV Consultations or Mandatory Financial Stability Assessments over 18 Months

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List of IMF Member Countries with Delays in Completion of Article IV Consultations or Mandatory Financial Stability Assessments over 18 Months »

Source: List of IMF Member Countries with Delays in Completion of Article IV Consultations or Mandatory Financial Stability Assessments over 18 Months

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2019

ISBN: 9781513524702

In accordance with Executive Board Decision No. 15106-(12/21), the Fund will publish on its external website a list of member countries whose Article IV consultations or mandatory financial stability assessments ha...

Political Costs of Tax-Based Consolidations

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Political Costs of Tax-Based Consolidations »

Source: Political Costs of Tax-Based Consolidations

Volume/Issue: 2019/298

Series: IMF Working Papers

Author(s): Chuling Chen , Era Dabla-Norris , Jay Rappaport , and Aleksandra Zdzienicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2019

ISBN: 9781513521534

Keywords: Base rates, Budget deficits, Business cycles, Capital, Capital income, Capital stocks, Corporate income taxes, Debt, Debt reduction, Debt sustainability

This paper studies the impact of tax-based consolidations on reelection outcomes. Using a granular database of tax-based consolidations for a panel of 10 OECD countries over the last 40 years, we find that tax refo...

Post-Crisis Changes in Global Bank Business Models: A New Taxonomy1

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Post-Crisis Changes in Global Bank Business Models: A New Taxonomy1 »

Source: Post-Crisis Changes in Global Bank Business Models: A New Taxonomy

Volume/Issue: 2019/295

Series: IMF Working Papers

Author(s): John Caparusso , Yingyuan Chen , Peter Dattels , Rohit Goel , and Paul Hiebert

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2019

ISBN: 9781513522883

Keywords: Financial crises, Central banks, Financial services, Banking systems, Financial infrastructure, International banks, Business model, Bank performance, Global Financial Stability, Regulation

The Global Financial Crisis unleashed changes in the operating and regulatory environments for large international banks. This paper proposes a novel taxonomy to identify and track business model evolution for the...

The Role of Board Oversight in Central Bank Governance: Key Legal Design Issues

New
The Role of Board Oversight in Central Bank Governance: Key Legal Design Issues »

Source: The Role of Board Oversight in Central Bank Governance: Key Legal Design Issues

Volume/Issue: 2019/293

Series: IMF Working Papers

Author(s): Wouter Bossu , and Arthur D. P. Rossi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2019

ISBN: 9781513524054

Keywords: Central bank capital, Reserve requirements, Central bank legislation, Central banks, Central bank governance, Board Oversight, Legal Design, WP, oversight board, bank law

This paper discusses key legal issues in the design of Board Oversight in central banks. Central banks are complex and sophisticated organizations that are challenging to manage. While most economic literature focu...

Sovereign Asset and Liability Management in Emerging Market Countries: The Case of Uruguay

New
Sovereign Asset and Liability Management in Emerging Market Countries: The Case of Uruguay »

Source: Sovereign Asset and Liability Management in Emerging Market Countries: The Case of Uruguay

Volume/Issue: 2019/290

Series: IMF Working Papers

Author(s): André Amante , Phillip Anderson , Thordur Jonasson , Herman Kamil , and Michael Papaioannou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2019

ISBN: 9781513511696

Keywords: Financial crises, Financial management, Financial markets, Financial statements, Financial institutions, Public Debt Management, Financial Risk, Foreign Exchange Hedging, Government Securities Markets, WP

This paper provides an overview of the strategic and operational issues as well as institutional challenges, related to the implementation of the Sovereign Asset and Liability Management (SALM) approach. Applicati...