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Accounting Devices and Fiscal Illusions1

Accounting Devices and Fiscal Illusions1 »

Source: Accounting Devices and Fiscal Illusions

Volume/Issue: 2012/2

Series: Staff Discussion Notes

Author(s): Timothy Irwin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 March 2012

ISBN: 9781475502640

Keywords: Fiscal consolidation, Fiscal rules, Fiscal reporting, accounting, deficit, revenue, debt, investment

This proposed SDN surveys the various accounting stratagems which governments have used to meet fiscal targets-thereby sidestepping the need for true adjustment-and suggests remedial actions to limit this type of f...

Adjustment in Euro Area Deficit Countries

Adjustment in Euro Area Deficit Countries »

Source: Adjustment in Euro Area Deficit Countries : Progress, Challenges, and Policies

Volume/Issue: 2014/7

Series: Staff Discussion Notes

Author(s): Thierry Tressel , Shengzu Wang , Joong Kang , Jay Shambaugh , Jörg Decressin , and Petya Koeva Brooks

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2014

ISBN: 9781498373814

Keywords: European Economic and Monetary Union, Europe, Euro Area, Current account deficits, Crisis, Current account, Rebalancing, Competitiveness, External stability, Labor market

Imbalances within the euro area have been a defining feature of the crisis. This paper provides a critical analysis of the ongoing rebalancing of euro area 'deficit economies' (Greece, Ireland, Portugal, and Spain)...

After Paris: Fiscal, Macroeconomic and Financial Implications of Global Climate Change

After Paris: Fiscal, Macroeconomic and Financial Implications of Global Climate Change »

Source: After Paris : Fiscal, Macroeconomic and Financial Implications of Global Climate Change

Volume/Issue: 2016/1

Series: Staff Discussion Notes

Author(s): Mai Farid , Michael Keen , Michael Papaioannou , Ian Parry , Catherine Pattillo , and Anna Ter-Martirosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2016

ISBN: 9781513506562

Keywords: Financial markets, Fiscal policy, Climate mitigation, climate finance, adaptation, climate, carbon, emissions, climate change, co

This paper discusses the implications of climate change for fiscal, financial, and macroeconomic policies. Most pressing is the use of carbon taxes (or equivalent trading systems) to implement the emissions mitigat...

Anchoring Growth: The Importance of Productivity-Enhancing Reforms in Emerging Market and Developing Economies

Anchoring Growth: The Importance of Productivity-Enhancing Reforms in Emerging Market and Developing Economies »

Source: Anchoring Growth : The Importance of Productivity-Enhancing Reforms in Emerging Market and Developing Economies

Volume/Issue: 2013/8

Series: Staff Discussion Notes

Author(s): Era Dabla-Norris , Giang Ho , Kalpana Kochhar , Annette Kyobe , and Robert Tchaidze

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 September 2013

ISBN: 9781616357290

Keywords: Emerging markets, Developing countries, Economic growth, Agricultural sector, Fiscal reforms, Manufacturing sector, Labor markets, Labor productivity, Services sector, Total factor productivity

Fostering and sustaining robust economic growth is an imperative across advanced, emerging, and low-income countries alike. Countries will need to focus on supply-side reforms to raise their potential output and an...

Bank Size and Systemic Risk

Bank Size and Systemic Risk »

Source: Bank Size and Systemic Risk

Volume/Issue: 2014/4

Series: Staff Discussion Notes

Author(s): Luc Laeven , Lev Ratnovski , and Hui Tong

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 May 2014

ISBN: 9781484363720

Keywords: Financial Structure, Financial Regulation, banking, bank size, bank risk, banks with assets, bank activities, General,

The proposed SDN documents the evolution of bank size and activities over the past 20 years. It discusses whether this evolution can be explained by economies of scale or 'too big to fail' subsidies. The paper then...

A Banking Union for the Euro Area

A Banking Union for the Euro Area »

Source: A Banking Union for the Euro Area

Volume/Issue: 2013/1

Series: Staff Discussion Notes

Author(s): Rishi Goyal , Petya Koeva Brooks , Mahmood Pradhan , Thierry Tressel , Giovanni Dell'Ariccia , and Ceyla Pazarbasioglu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2013

ISBN: 9781475521160

Keywords: Austria, Bank regulations, Bank resolution, Bank supervision, Belgium, Banking systems, Deposit insurance, Euro Area, Europe, Financial safety nets

The SDN elaborates the case for, and the design of, a banking union for the euro area. It discusses the benefits and costs of a banking union, presents a steady state view of the banking union, elaborates difficult...

Benefits and Costs of Bank Capital

Benefits and Costs of Bank Capital »

Source: Benefits and Costs of Bank Capital

Volume/Issue: 2016/4

Series: Staff Discussion Notes

Author(s): Jihad Dagher , Giovanni Dell'Ariccia , Luc Laeven , Lev Ratnovski , and Hui Tong

Publisher: Bank of Communications/New Finance

Publication Date: 03 March 2016

Language: Chinese

ISBN: 9781484310410

Keywords: Bank capital, Cost of capital, United States, Banking crisis, Capital requirements, Risk management, General equilibrium models, Bank Capital, TLAC, Financial Regulation

The appropriate level of bank capital and, more generally, a bank's capacity to absorb losses, has been at the core of the post-crisis policy debate. This paper contributes to the debate by focusing on how much cap...

Benefits and Costs of Bank Capital

Benefits and Costs of Bank Capital »

Source: Benefits and Costs of Bank Capital

Volume/Issue: 2016/4

Series: Staff Discussion Notes

Author(s): Jihad Dagher , Giovanni Dell'Ariccia , Luc Laeven , Lev Ratnovski , and Hui Tong

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 March 2016

ISBN: 9781498387712

Keywords: Bank capital, Cost of capital, United States, Banking crisis, Capital requirements, Risk management, General equilibrium models, Bank Capital, TLAC, Financial Regulation

The appropriate level of bank capital and, more generally, a bank's capacity to absorb losses, has been at the core of the post-crisis policy debate. This paper contributes to the debate by focusing on how much cap...

Causes and Consequences of Income Inequality

Causes and Consequences of Income Inequality »

Source: Causes and Consequences of Income Inequality : A Global Perspective

Volume/Issue: 2015/13

Series: Staff Discussion Notes

Author(s): Era Dabla-Norris , Kalpana Kochhar , Nujin Suphaphiphat , Frantisek Ricka , and Evridiki Tsounta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 2015

ISBN: 9781513555188

Keywords: Cross-country analysis, Inequality, Gini coefficient, income, income inequality, middle class, income share, Equity, Justice, and Other Normative Criteria and Measurement

This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill...

Creating a Safer Financial System

Creating a Safer Financial System »

Source: Creating a Safer Financial System : Will the Volcker, Vickers, and Liikanen Structural Measures Help?

Volume/Issue: 2013/4

Series: Staff Discussion Notes

Author(s): José Vinãls , Ceyla Pazarbasioglu , Jay Surti , Aditya Narain , Michaela Erbenova , and Julian Chow

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 May 2013

ISBN: 9781484340943

Keywords: Capital, Bank supervision, Banking sector, Bank reforms, Bank resolution, International financial system, Risk management, Bank business models, least cost resolution, risk reduction

The U.S., the U.K., and more recently, the E.U., have proposed policy measures directly targeting complexity and business structures of banks. Unlike other, price-based reforms (e.g., Basel 3 and G-SIFI surcharges)...