Browse

You are looking at 1 - 10 of 16 items for :

  • Type: Journal Issue x
  • Economic Theory; Demography x
  • Asia and Pacific x
  • Petroleum industry and trade x
  • Financial services industry x
Clear All Modify Search
International Monetary Fund. African Dept.
This Selected Issues paper discusses the structure of the financial sector in Chad and describes the key macro-financial linkages. Macro-financial linkages in Chad are driven by a government sector that dominates economic activities in the more modern sectors of the economy, thanks to oil-related revenues. The main macro-financial linkages are indirect through the associated sharp fiscal adjustment and the government’s quest for additional financing. Direct credit risks linked to the oil sector appear limited. However, there seems to be a link between declining oil prices and deteriorating banking soundness indicators. The current economic conditions negatively affect private companies dependent on public contracts, potentially hitting the health of banks’ loan portfolios.
International Monetary Fund. Research Dept.

Abstract

The World Economic Outlook (WEO) presents the IMF’s leading economists’ analyses of global economic developments during the near and medium terms. It is a respected, one-stop, trusted resource offering remarkable insight, balance, and perspective to decision makers and policymakers worldwide. Published twice yearly, the World Economic Outlook presents the outlook for growth, inflation, trade, employment, and other economic developments in a clear, practical format. Each WEO considers the issues affecting advanced, emerging market, and developing economies. Central bankers, economists, Financial institutions, business leaders, governments, think tanks, and researchers eagerly await this unique investigation of what’s happening and what’s ahead.

International Monetary Fund. Research Dept.

Abstract

En la edición de abril de 2011 de Perspectivas de la economía mundial se evalúa el panorama del crecimiento económico en el mundo en el contexto de los desafíos de política económica que aún deben abordarse y de los nuevos desafíos que se perfilan. La recuperación está cobrando fuerza, pero el desempleo se mantiene en un alto nivel en las economías avanzadas, y en las economías de mercados emergentes están surgiendo nuevos riesgos macroeconómicos. En las economías avanzadas, la demanda privada está sustituyendo a la pública, lo cual reduce la preocupación de que al disminuir el respaldo de política fiscal la economía vuelva a caer en recesión. Las condiciones financieras siguen mejorando, aunque todavía son excesivamente frágiles. En muchas economías de mercados emergentes, la demanda es vigorosa y el sobrecalentamiento es un creciente motivo de preocupación. El alza de precios de los alimentos y materias primas plantea nuevos riesgos para la economía mundial. Dos capítulos abordan de manera directa estos nuevos desafíos. El capítulo 3 analiza el impacto potencial de la escasez de petróleo en el crecimiento mundial y el capítulo 4 explora la posible respuesta de los flujos de capitales internacionales ante los cambios en el entorno macroeconómico internacional.

International Monetary Fund. Research Dept.

Abstract

L'édition d'avril 2011 des Perspectives de l’économie mondiale examine les perspectives de croissance économique compte tenu des problèmes de politique macroéconomique qui restent à régler et des nouvelles difficultés qui se font jour. La reprise monte en régime, mais le chômage reste élevé dans les pays avancés, et de nouveaux risques macroéconomiques apparaissent dans les pays émergents. Dans les pays avancés, le transfert de la demande publique vers la demande privée se poursuit, et il est donc moins à craindre que le retrait de l’impulsion budgétaire provoque une double récession. La situation financière continue de s’améliorer, bien qu’elle reste exceptionnellement fragile. Dans beaucoup de pays émergents, la demande est robuste et la surchauffe constitue une préoccupation croissante. La hausse des prix des denrées alimentaires et des matières premières présente de nouveaux risques pour l'économie mondiale. Deux chapitres abordent directement ces nouvelles difficultés : Le chapitre 3 aborde les incidences potentielles de la pénurie de pétrole pour la croissance mondiale, tandis que le chapitre 4 s'intéresse à l'évolution possible des flux de capitaux internationaux face à l'évolution de l'environnement macroéconomique mondial.

International Monetary Fund. Research Dept.

Abstract

The April 2011 edition of the World Economic Outlook assesses the global prospects for economic growth in the face of policy challenges that remain unaddressed and new challenges now coming to the fore.The recovery is gaining strength, but unemployment remains high in advanced economies, and new macroeconomic risks are building in emerging market economies. In advanced economies, the handoff from public to private demand is advancing, reducing concerns that diminishing fiscal policy support might cause a “double-dip” recession. Financial conditions continue to improve, although they remain unusually fragile. In many emerging market economies, demand is robust and overheating is a growing policy concern. Rising food and commodities prices present new risks to the global economy. Two chapters directly explore these new challenges. Chapter 3 reviews the potential impact of oil scarcity on global growth, and Chapter 4 explores the potential response of international capital flows to changes in the global macroeconomic environment.

Ms. Malika Pant, Mr. Martin Mühleisen, and Mr. Alun H. Thomas
Global oil markets were roiled by sharp price swings in 2008, and economists are still divided over the reasons for the unusual volatility. Those emphasizing fundamentals point to inelastic supply and demand curves, others view the phenomenon mostly as a result of financial investors flocking into commodity markets. This paper attempts to infer the strength of these competing hypotheses, using a simultaneous equation model that enables us to undertake a separate analysis of supply and demand factors. The model broadly captures both the surge and subsequent fall in prices, with a particularly strong impact of demand factors. The model captures a strong effect of a measure for global liquidity but does not find support for a speculative motive.
International Monetary Fund. Research Dept.
The Q&A in this issue features seven questions about policy options for emerging market countries (by Marcos Chamon, Chris Crowe, and Jun Il Kim); research summaries on “Does Trade and Financial Globalization Cause Income Inequality?” (by Chris Papageorgiou) and “The Current Account of Oil-Exporting Countries (by Irineu E. de Carvalho Filho); an article on the launch of the IMF’s new research journal, IMF Economic Review, and the contents of the upcoming IMF Staff Papers, which the new the new journal will succeed in 2010; an article on the upcoming Tenth Annual Jacques Polak Research Conference; a listing of visiting scholars at the IMF during July–September 2009; and listings of recent IMF Working Papers and Staff Position Notes.
International Monetary Fund. External Relations Dept.
En mettant l’accent sur le travail du FMI et sur les grandes questions macroéconomiques et financières internationales, le Bulletin du FMI présente une analyse des développements nationaux, régionaux et mondiaux, des informations sur le travail, les politiques, les réformes et les activités d'assistance technique du FMI, les conclusions d'études de calibre mondial, des données essentielles qui ne sont souvent pas disponibles ailleurs, ainsi que des rapports sur les discussions économiques et financières au sein du FMI et ailleurs. Publié douze fois par an, ce bulletin de seize pages s'adresse à un large public : dirigeants, analystes, chercheurs, étudiants et journalistes. Disponible en anglais, français et espagnol.
International Monetary Fund. External Relations Dept.
El Boletín del FMI aborda de manera específica el trabajo del FMI y los grandes temas macroeconómicos y financieros internacionales y ofrece análisis sobre la evolución en los distintos países y regiones y en el mundo; información sobre las operaciones, políticas, reformas y asistencia técnica del FMI; síntesis de las principales investigaciones económicas mundiales; datos fundamentales que no suelen estar disponibles en otras fuentes, e informes sobre debates económicos y financieros que tienen lugar dentro y fuera del FMI. Este boletín de 16 páginas, publicado 12 veces al año, está orientado a una vasta audiencia, que incluye autoridades de política económica, analistas, profesionales del mundo académico y de los medios de difusión y estudiantes. Disponible en inglés, español y francés.
International Monetary Fund. External Relations Dept.
Annual Meetings overview; IMFC communique; World Economic Outlook, chapters I, II, IV; Regional Economic Outlooks: Asia, Africa, Latin America; Low-income countries, high oil prices; Annual Meetings seminar program; Per Jacobsson lecture.