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Cash Use Across Countries and the Demand for Central Bank Digital Currency

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Cash Use Across Countries and the Demand for Central Bank Digital Currency »

Volume/Issue: 2019/46

Series: IMF Working Papers

Author(s): Tanai Khiaonarong , and David Humphrey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2019

DOI: http://dx.doi.org/10.5089/9781484399606.001

ISBN: 9781484399606

Keywords: cash use, cash forecasting, central bank digital currency

The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While access to digital currency will be more convenient than traveling to an ATM, it only makes CBDC...

Cash Use Across Countries and the Demand for Central Bank Digital Currency

New
Cash Use Across Countries and the Demand for Central Bank Digital Currency »

Source: Cash Use Across Countries and the Demand for Central Bank Digital Currency

Volume/Issue: 2019/46

Series: IMF Working Papers

Author(s): Tanai Khiaonarong , and David Humphrey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2019

ISBN: 9781484399606

Keywords: cash use, cash forecasting, central bank digital currency

The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While access to digital currency will be more convenient than traveling to an ATM, it only makes CBDC...

How Effective is Macroprudential Policy? Evidence from Lending Restriction Measures in EU Countries

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How Effective is Macroprudential Policy? Evidence from Lending Restriction Measures in EU Countries »

Volume/Issue: 2019/45

Series: IMF Working Papers

Author(s): Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2019

DOI: http://dx.doi.org/10.5089/9781498300872.001

ISBN: 9781498300872

Keywords: macroprudential regulation, financial stability, credit, house price

This paper assesses the effectiveness of lending restriction measures, such as loan-to-value and debt-service-to-income ratios, in affecting developments in house prices and credit. We use data on 99 lending standa...

How Effective is Macroprudential Policy? Evidence from Lending Restriction Measures in EU Countries

New
How Effective is Macroprudential Policy? Evidence from Lending Restriction Measures in EU Countries »

Source: How Effective is Macroprudential Policy? Evidence from Lending Restriction Measures in EU Countries

Volume/Issue: 2019/45

Series: IMF Working Papers

Author(s): Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2019

ISBN: 9781498300872

Keywords: macroprudential regulation, financial stability, credit, house price

This paper assesses the effectiveness of lending restriction measures, such as loan-to-value and debt-service-to-income ratios, in affecting developments in house prices and credit. We use data on 99 lending standa...

Nonlinearity Between the Shadow Economy and Level of Development

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Nonlinearity Between the Shadow Economy and Level of Development »

Volume/Issue: 2019/48

Series: IMF Working Papers

Author(s): Dong Frank Wu , and Friedrich Schneider

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2019

DOI: http://dx.doi.org/10.5089/9781484399613.001

ISBN: 9781484399613

Keywords: Shadow Economy, Level of Development, Nonlinearity, GDP per capita

This paper is the first attempt to directly explore the long-run nonlinear relationship between the shadow economy and level of development. Using a dataset of 158 countries over the period from 1996 to 2015, our r...

Nonlinearity Between the Shadow Economy and Level of Development

New
Nonlinearity Between the Shadow Economy and Level of Development »

Source: Nonlinearity Between the Shadow Economy and Level of Development

Volume/Issue: 2019/48

Series: IMF Working Papers

Author(s): Dong Frank Wu , and Friedrich Schneider

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2019

ISBN: 9781484399613

Keywords: Shadow Economy, Level of Development, Nonlinearity, GDP per capita

This paper is the first attempt to directly explore the long-run nonlinear relationship between the shadow economy and level of development. Using a dataset of 158 countries over the period from 1996 to 2015, our r...

Struggling to Make the Grade: A Review of the Causes and Consequences of the Weak Outcomes of South Africa's Education System

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Struggling to Make the Grade: A Review of the Causes and Consequences of the Weak Outcomes of South Africa's Education System »

Volume/Issue: 2019/47

Series: IMF Working Papers

Author(s): Montfort Mlachila , and Tlhalefang Moeletsi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2019

DOI: http://dx.doi.org/10.5089/9781498301374.001

ISBN: 9781498301374

Keywords: educational attainment, quality of education, education reforms, South Africa

While South Africa has made significant improvements in basic and tertiary education enrollment, the country still suffers from significant challenges in the quality of educational achievement by almost any interna...

Struggling to Make the Grade: A Review of the Causes and Consequences of the Weak Outcomes of South Africa's Education System

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Struggling to Make the Grade: A Review of the Causes and Consequences of the Weak Outcomes of South Africa's Education System »

Source: Struggling to Make the Grade: A Review of the Causes and Consequences of the Weak Outcomes of South Africa's Education System

Volume/Issue: 2019/47

Series: IMF Working Papers

Author(s): Montfort Mlachila , and Tlhalefang Moeletsi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2019

ISBN: 9781498301374

Keywords: educational attainment, quality of education, education reforms, South Africa

While South Africa has made significant improvements in basic and tertiary education enrollment, the country still suffers from significant challenges in the quality of educational achievement by almost any interna...

Negative Monetary Policy Rates and Portfolio Rebalancing: Evidence from Credit Register Data

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Negative Monetary Policy Rates and Portfolio Rebalancing: Evidence from Credit Register Data »

Volume/Issue: 2019/44

Series: IMF Working Papers

Author(s): Margherita Bottero , Camelia Minoiu , José-Luis Peydro , Andrea Polo , Andrea Presbitero , and Enrico Sette

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2019

DOI: http://dx.doi.org/10.5089/9781498300858.001

ISBN: 9781498300858

Keywords: Negative interest rates, portfolio rebalancing, bank lending channel, liquidity management, Eurozone crisis

We study negative interest rate policy (NIRP) exploiting ECB's NIRP introduction and administrative data from Italy, severely hit by the Eurozone crisis. NIRP has expansionary effects on credit supply-- -and hence...

Negative Monetary Policy Rates and Portfolio Rebalancing: Evidence from Credit Register Data

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Negative Monetary Policy Rates and Portfolio Rebalancing: Evidence from Credit Register Data »

Source: Negative Monetary Policy Rates and Portfolio Rebalancing: Evidence from Credit Register Data

Volume/Issue: 2019/44

Series: IMF Working Papers

Author(s): Margherita Bottero , Camelia Minoiu , José-Luis Peydro , Andrea Polo , Andrea Presbitero , and Enrico Sette

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2019

ISBN: 9781498300858

Keywords: Negative interest rates, portfolio rebalancing, bank lending channel, liquidity management, Eurozone crisis

We study negative interest rate policy (NIRP) exploiting ECB's NIRP introduction and administrative data from Italy, severely hit by the Eurozone crisis. NIRP has expansionary effects on credit supply-- -and hence...