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An Empirical Reassessment of the Relationship Between Finance and Growth

An Empirical Reassessment of the Relationship Between Finance and Growth »

Source: An Empirical Reassessment of the Relationship Between Finance and Growth

Volume/Issue: 2003/123

Series: IMF Working Papers

Author(s): Giovanni Favara

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2003

ISBN: 9781451854633

Keywords: Financial development, panel methods, equation, statistics, gdp per capita, correlation, Economic Growth and Aggregate Productivity: General,

This paper reexamines the empirical relationship between financial development and economic growth. It presents evidence based on cross-section and panel data using an updated dataset, a variety of econometric meth...

Government Expenditure Arrears

Government Expenditure Arrears »

Source: Government Expenditure Arrears : Securitization and Other Solutions

Volume/Issue: 1998/70

Series: IMF Working Papers

Author(s): Alberto Ramos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1998

ISBN: 9781451849127

Keywords: Government arrears, BRO countries, Securitization, Russia, aggregate demand, capital market, capital markets, budget deficit, Kyrgyzstan, Moldova

On occasions, by running arrears, governments have unilaterally borrowed from domestic agents. These agents ended up with implicit claims on the government for which they had no title and that would be honored, at...

High Real Interest Rates Under Financial Liberalization

High Real Interest Rates Under Financial Liberalization »

Source: High Real Interest Rates Under Financial Liberalization : Is there a Problem?

Volume/Issue: 1993/7

Series: IMF Working Papers

Author(s): Vicente Galbis

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1993

ISBN: 9781451842364

Keywords: real interest rates, deposit rate, inflation, financial liberalization, financial sector

Concerns were raised beginning in the 1980s about the possible detrimental effects of high positive real interest rates under financial liberalization. Using a sample of 28 countries that underwent financial libera...

How Costly Are Debt Crises?

How Costly Are Debt Crises? »

Source: How Costly Are Debt Crises?

Volume/Issue: 2011/280

Series: IMF Working Papers

Author(s): Davide Furceri , and Aleksandra Zdzienicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2011

ISBN: 9781463926618

Keywords: output losses, debt crises, sovereign defaults, debt crisis, currency crises, crisis episodes, currency crisis

The aim of this paper is to assess the short- and medium-term impact of debt crises on GDP. Using an unbalanced panel of 154 countries from 1970 to 2008, the paper shows that debt crises produce significant and lon...

How Effective is Fiscal Policy Response in Systemic Banking Crises?

How Effective is Fiscal Policy Response in Systemic Banking Crises? »

Source: How Effective is Fiscal Policy Response in Systemic Banking Crises?

Volume/Issue: 2009/160

Series: IMF Working Papers

Author(s): Sanjeev Gupta , Carlos Mulas-Granados , and Emanuele Baldacci

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2009

ISBN: 9781451873078

Keywords: banking, banking crises, tax revenue, General Financial Markets: Government Policy and Regulation, Fiscal Policies and Behavior of Economic Agents: General, National Government Expenditures and Related Policies: General,

This paper studies the effects of fiscal policy response in 118 episodes of systemic banking crisis in advanced and emerging market countries during 1980-2008. It finds that timely countercyclical fiscal measures c...

An Empirical Reassessment of the Relationship Between Finance and Growth

An Empirical Reassessment of the Relationship Between Finance and Growth »

Volume/Issue: 2003/123

Series: IMF Working Papers

Author(s): Giovanni Favara

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2003

DOI: http://dx.doi.org/10.5089/9781451854633.001

ISBN: 9781451854633

Keywords: Financial development, panel methods, equation, statistics, gdp per capita, correlation, Economic Growth and Aggregate Productivity: General,

This paper reexamines the empirical relationship between financial development and economic growth. It presents evidence based on cross-section and panel data using an updated dataset, a variety of econometric meth...

Government Expenditure Arrears
			: Securitization and Other Solutions

Government Expenditure Arrears : Securitization and Other Solutions »

Volume/Issue: 1998/70

Series: IMF Working Papers

Author(s): Alberto Ramos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1998

DOI: http://dx.doi.org/10.5089/9781451849127.001

ISBN: 9781451849127

Keywords: Government arrears, BRO countries, Securitization, Russia, aggregate demand, capital market, capital markets, budget deficit, Kyrgyzstan, Moldova

On occasions, by running arrears, governments have unilaterally borrowed from domestic agents. These agents ended up with implicit claims on the government for which they had no title and that would be honored, at...

High Real Interest Rates Under Financial Liberalization
			: Is there a Problem?

High Real Interest Rates Under Financial Liberalization : Is there a Problem? »

Volume/Issue: 1993/7

Series: IMF Working Papers

Author(s): Vicente Galbis

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1993

DOI: http://dx.doi.org/10.5089/9781451842364.001

ISBN: 9781451842364

Keywords: real interest rates, deposit rate, inflation, financial liberalization, financial sector

Concerns were raised beginning in the 1980s about the possible detrimental effects of high positive real interest rates under financial liberalization. Using a sample of 28 countries that underwent financial libera...

How Costly Are Debt Crises?

How Costly Are Debt Crises? »

Volume/Issue: 2011/280

Series: IMF Working Papers

Author(s): Davide Furceri , and Aleksandra Zdzienicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2011

DOI: http://dx.doi.org/10.5089/9781463926618.001

ISBN: 9781463926618

Keywords: output losses, debt crises, sovereign defaults, debt crisis, currency crises, crisis episodes, currency crisis

The aim of this paper is to assess the short- and medium-term impact of debt crises on GDP. Using an unbalanced panel of 154 countries from 1970 to 2008, the paper shows that debt crises produce significant and lon...

How Effective is Fiscal Policy Response in Systemic Banking Crises?

How Effective is Fiscal Policy Response in Systemic Banking Crises? »

Volume/Issue: 2009/160

Series: IMF Working Papers

Author(s): Sanjeev Gupta , Carlos Mulas-Granados , and Emanuele Baldacci

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2009

DOI: http://dx.doi.org/10.5089/9781451873078.001

ISBN: 9781451873078

Keywords: banking, banking crises, tax revenue, General Financial Markets: Government Policy and Regulation, Fiscal Policies and Behavior of Economic Agents: General, National Government Expenditures and Related Policies: General,

This paper studies the effects of fiscal policy response in 118 episodes of systemic banking crisis in advanced and emerging market countries during 1980-2008. It finds that timely countercyclical fiscal measures c...