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The Challenge of Public Pension Reform in Advanced and Emerging Economies

The Challenge of Public Pension Reform in Advanced and Emerging Economies »

Series: Occasional Papers

Author(s): Benedict Clements , David Coady , Frank Eich , Sanjeev Gupta , Alvar Kangur , Baoping Shang , and Mauricio Soto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2016

Language: Chinese

DOI: http://dx.doi.org/10.5089/9787504979971.084

ISBN: 9787504979971

Keywords: Pension reforms, Developed countries, Emerging markets, Pensions, Government expenditures, Cross country analysis, emerging market economies, retirement, pensions, pension spending

Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population...

Sovereign Rating News and Financial Markets Spillovers
			: Evidence from the European Debt Crisis

Sovereign Rating News and Financial Markets Spillovers : Evidence from the European Debt Crisis »

Volume/Issue: 2011/68

Series: IMF Working Papers

Author(s): Bertrand Candelon , Amadou Sy , and Rabah Arezki

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2011

DOI: http://dx.doi.org/10.5089/9781455227112.001

ISBN: 9781455227112

Keywords: News, stock market, credit rating, credit rating agencies, bond, Financial Aspects of Economic Integration,

This paper examines the spillover effects of sovereign rating news on European financial markets during the period 2007-2010. Our main finding is that sovereign rating downgrades have statistically and economically...

Resolving Residential Mortgage Distress
			: Time to Modify?

Resolving Residential Mortgage Distress : Time to Modify? »

Volume/Issue: 2014/226

Series: IMF Working Papers

Author(s): Jochen Andritzky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 December 2014

DOI: http://dx.doi.org/10.5089/9781484395745.001

ISBN: 9781484395745

Keywords: Debt overhang, foreclosure, housing crisis, mortgage distress, loan restructuring, mortgage, household debt, loan, Government Policy and Regulation,

In housing crises, high mortgage debt can feed a vicious circle of falling housing prices and declining consumption and incomes, leading to higher mortgage defaults and deeper recessions. In such situations, resolu...

Some Issues in the Design of Monetary Instruments for the Operation of European Economic and Monetary Union

Some Issues in the Design of Monetary Instruments for the Operation of European Economic and Monetary Union »

Volume/Issue: 1997/178

Series: IMF Working Papers

Author(s): Paul Hilbers , Arto Kovanen , and Charles Enoch

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1997

DOI: http://dx.doi.org/10.5089/9781451858914.001

ISBN: 9781451858914

Keywords: Monetary Operations, EMU, credit, reserve requirements, monetary policy, collateral, european monetary institute

The European Monetary Institute has been working with national central banks of the European Union (EU) to prepare instruments for the operation of monetary policy in Stage 3 of European Economic and Monetary Union...

Too Much Finance?

Too Much Finance? »

Volume/Issue: 2012/161

Series: IMF Working Papers

Author(s): Enrico Berkes , Ugo Panizza , and Jean-Louis Arcand

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2012

DOI: http://dx.doi.org/10.5089/9781475504668.001

ISBN: 9781475504668

Keywords: Financial development, Finance-growth nexus, gdp growth, correlation, gdp per capita, standard errors

This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be "too muc...

Resolving Residential Mortgage Distress

Resolving Residential Mortgage Distress »

Source: Resolving Residential Mortgage Distress : Time to Modify?

Volume/Issue: 2014/226

Series: IMF Working Papers

Author(s): Jochen Andritzky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 December 2014

ISBN: 9781484395745

Keywords: Debt overhang, foreclosure, housing crisis, mortgage distress, loan restructuring, mortgage, household debt, loan, Government Policy and Regulation,

In housing crises, high mortgage debt can feed a vicious circle of falling housing prices and declining consumption and incomes, leading to higher mortgage defaults and deeper recessions. In such situations, resolu...

Some Issues in the Design of Monetary Instruments for the Operation of European Economic and Monetary Union

Some Issues in the Design of Monetary Instruments for the Operation of European Economic and Monetary Union »

Source: Some Issues in the Design of Monetary Instruments for the Operation of European Economic and Monetary Union

Volume/Issue: 1997/178

Series: IMF Working Papers

Author(s): Paul Hilbers , Arto Kovanen , and Charles Enoch

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1997

ISBN: 9781451858914

Keywords: Monetary Operations, EMU, credit, reserve requirements, monetary policy, collateral, european monetary institute

The European Monetary Institute has been working with national central banks of the European Union (EU) to prepare instruments for the operation of monetary policy in Stage 3 of European Economic and Monetary Union...

Sovereign Rating News and Financial Markets Spillovers

Sovereign Rating News and Financial Markets Spillovers »

Source: Sovereign Rating News and Financial Markets Spillovers : Evidence from the European Debt Crisis

Volume/Issue: 2011/68

Series: IMF Working Papers

Author(s): Bertrand Candelon , Amadou Sy , and Rabah Arezki

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2011

ISBN: 9781455227112

Keywords: News, stock market, credit rating, credit rating agencies, bond, Financial Aspects of Economic Integration,

This paper examines the spillover effects of sovereign rating news on European financial markets during the period 2007-2010. Our main finding is that sovereign rating downgrades have statistically and economically...

Too Much Finance?*

Too Much Finance?* »

Source: Too Much Finance?

Volume/Issue: 2012/161

Series: IMF Working Papers

Author(s): Enrico Berkes , Ugo Panizza , and Jean-Louis Arcand

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2012

ISBN: 9781475504668

Keywords: Financial development, Finance-growth nexus, gdp growth, correlation, gdp per capita, standard errors

This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be "too muc...