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Multi-Country Report
			: Ensuring Financial Stability in Countries with Islamic Banking-Case Studies-Press Release; Staff Report

Multi-Country Report : Ensuring Financial Stability in Countries with Islamic Banking-Case Studies-Press Release; Staff Report »

Volume/Issue: 2017/145

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 June 2017

DOI: http://dx.doi.org/10.5089/9781484302996.002

ISBN: 9781484302996

Keywords: Asia and Pacific, Bahrain, Djibouti, Europe, Indonesia, Kenya, Kuwait, Malaysia, Middle East, Nigeria

This paper presents country experiences with reforms to strengthen regulatory oversight of the Islamic banking sector. Based on the selected country experiences, a number of important lessons and policy options can...

Multi-Country Report
			: Building Fiscal Capacity in Fragile States-Case Studies-Press Release; Staff Report

Multi-Country Report : Building Fiscal Capacity in Fragile States-Case Studies-Press Release; Staff Report »

Volume/Issue: 2017/153

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 June 2017

DOI: http://dx.doi.org/10.5089/9781484303719.002

ISBN: 9781484303719

Keywords: Asia and Pacific, Europe, Haiti, Kosovo, Liberia, Mali, Middle East, Myanmar, South Sudan, Sub-Saharan Africa

This report reviews the IMF's effort to build fiscal capacity in fragile states. It presents case studies on IMF technical assistance (TA) and capacity development in the fiscal area, provided by its Fiscal Affairs...

Indonesia
			: Financial System Stability Assessment-Press Release and Statement by the Executive Director for Indonesia

Indonesia : Financial System Stability Assessment-Press Release and Statement by the Executive Director for Indonesia »

Volume/Issue: 2017/152

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 June 2017

DOI: http://dx.doi.org/10.5089/9781484303559.002

ISBN: 9781484303559

Keywords: Asia and Pacific, Indonesia

This paper assesses the stability of Indonesia's financial system. Since the 2010 Financial Sector Assessment Program, Indonesia's macroeconomic performance has been robust and the financial system has been stable....

Bangladesh
			: 2017 Article IV Consultation-Press Release; Staff Report

Bangladesh : 2017 Article IV Consultation-Press Release; Staff Report »

Volume/Issue: 2017/147

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 June 2017

DOI: http://dx.doi.org/10.5089/9781484303207.002

ISBN: 9781484303207

Keywords: Asia and Pacific, Bangladesh

This 2017 Article IV Consultation highlights steady monetary policy management and fiscal discipline in Bangladesh, which have supported macroeconomic stability, allowing the economy to benefit from favorable exter...

Mongolia
			: 2017 Article IV Consultation and Request for an Extended Arrangement Under the Extended Fund Facility-Press Release: Staff Report; and Statement by the Executive Director for Mongolia

Mongolia : 2017 Article IV Consultation and Request for an Extended Arrangement Under the Extended Fund Facility-Press Release: Staff Report; and Statement by the Executive Director for Mongolia »

Volume/Issue: 2017/140

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2017

DOI: http://dx.doi.org/10.5089/9781484302354.002

ISBN: 9781484302354

This 2017 Article IV Consultation highlights Mongolia's promising longer-term prospects given its abundant natural resources. In recent years, however, the economy has faced substantial challenges, as external shoc...

Thailand
			: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand

Thailand : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand »

Volume/Issue: 2017/136

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2017

DOI: http://dx.doi.org/10.5089/9781484301814.002

ISBN: 9781484301814

Keywords: Asia and Pacific, Thailand

This 2017 Article IV Consultation highlights the Thai economy's continued recovery in 2016. GDP growth reached 3.2 percent, driven mainly by exports of services and public investment. Amid subdued import growth and...

Thailand
			: Selected Issues

Thailand : Selected Issues »

Volume/Issue: 2017/137

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2017

DOI: http://dx.doi.org/10.5089/9781484301845.002

ISBN: 9781484301845

Keywords: Asia and Pacific, Thailand

This Selected Issues paper analyzes factors that could bring inflation back to target in Thailand. The paper estimates a hybrid New Keynesian Phillips curve with time varying parameters to gauge the quantitative ro...

Samoa
			: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Samoa

Samoa : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Samoa »

Volume/Issue: 2017/112

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2017

DOI: http://dx.doi.org/10.5089/9781475599411.002

ISBN: 9781475599411

Keywords: Asia and Pacific, Samoa

This 2017 Article IV Consultation highlights Samoa's continued good economic performance. Economic activity picked up during 2015/16 driven by tourism arrivals, lower fuel prices, and new fish processing facilities...

New Zealand: Financial Sector Assessment Program
			: Detailed Assessment of Observance-Insurance Core Principles

New Zealand: Financial Sector Assessment Program : Detailed Assessment of Observance-Insurance Core Principles »

Volume/Issue: 2017/121

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2017

DOI: http://dx.doi.org/10.5089/9781475599954.002

ISBN: 9781475599954

Keywords: Asia and Pacific, New Zealand

This paper presents an assessment of the Observance of Insurance Core Principles in New Zealand. Observance of these principles in New Zealand falls significantly short. In some areas, the implementation of initiat...

New Zealand: Financial Sector Assessment Program
			: Detailed Assessment of Observance-Basel Core Principles for Effective Banking Supervision

New Zealand: Financial Sector Assessment Program : Detailed Assessment of Observance-Basel Core Principles for Effective Banking Supervision »

Volume/Issue: 2017/120

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2017

DOI: http://dx.doi.org/10.5089/9781475599930.002

ISBN: 9781475599930

This paper presents an assessment of Observance of the Basel Core Principles for Effective Banking Supervision (BCP) in New Zealand. The supervisory approach of the Reserve Bank of New Zealand (RBNZ) reflects the c...

New Zealand: Financial Sector Assessment Program
			: Technical Note-Contingency Planning and Crisis Management Framework

New Zealand: Financial Sector Assessment Program : Technical Note-Contingency Planning and Crisis Management Framework »

Volume/Issue: 2017/116

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2017

DOI: http://dx.doi.org/10.5089/9781475599848.002

ISBN: 9781475599848

Keywords: Asia and Pacific, New Zealand

This Technical Note assesses the level of implementation of the Contingency Planning and Crisis Management Framework in New Zealand. Work has already begun to identify necessary resources, such as rosters of potent...

New Zealand: Financial Sector Assessment Program
			: Technical Note-Fund Management-Regulation, Supervision, and Systemic Risk Monitoring

New Zealand: Financial Sector Assessment Program : Technical Note-Fund Management-Regulation, Supervision, and Systemic Risk Monitoring »

Volume/Issue: 2017/117

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2017

DOI: http://dx.doi.org/10.5089/9781475599855.002

ISBN: 9781475599855

Keywords: Asia and Pacific, New Zealand

This Technical Note presents an assessment of Regulation, Supervision and Systemic Risk Monitoring in New Zealand. The overall regulatory framework for asset management is well developed, but would benefit from som...

New Zealand: Financial Sector Assessment Program
			: Technical Note-Macroprudential Institutional Framework and Policies

New Zealand: Financial Sector Assessment Program : Technical Note-Macroprudential Institutional Framework and Policies »

Volume/Issue: 2017/118

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2017

DOI: http://dx.doi.org/10.5089/9781475599909.002

ISBN: 9781475599909

Keywords: New Zealand, Asia and Pacific

This Technical Note assesses the macroprudential institutional framework and policies in New Zealand. New Zealand has a strong institutional framework for macroprudential policy. This framework is based on a clear...

New Zealand: Financial Sector Assessment Program
			: Technical Note-Regulation and Oversight of Financial Market Infrastructures

New Zealand: Financial Sector Assessment Program : Technical Note-Regulation and Oversight of Financial Market Infrastructures »

Volume/Issue: 2017/115

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2017

DOI: http://dx.doi.org/10.5089/9781475599824.002

ISBN: 9781475599824

Keywords: Asia and Pacific, New Zealand

This Technical Note assesses regulation and oversight of financial market infrastructures (FMIs) in New Zealand. The regulatory and oversight framework for FMIs in New Zealand is undergoing a major reform. The Rese...

New Zealand: Financial Sector Assessment Program
			: Technical Note-Stress Testing the Banking Sector and Systemic Risk Analysis

New Zealand: Financial Sector Assessment Program : Technical Note-Stress Testing the Banking Sector and Systemic Risk Analysis »

Volume/Issue: 2017/119

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2017

DOI: http://dx.doi.org/10.5089/9781475599923.002

ISBN: 9781475599923

Keywords: Asia and Pacific, New Zealand

This Technical Note discusses the results of stress testing of the banking sector and systemic risk analysis for New Zealand. The banking sector, which dominates the financial system, has significant exposure to re...

New Zealand
			: 2017 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for New Zealand

New Zealand : 2017 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for New Zealand »

Volume/Issue: 2017/111

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 May 2017

DOI: http://dx.doi.org/10.5089/9781475599091.002

ISBN: 9781475599091

Keywords: New Zealand, Asia and Pacific

This 2017 Article IV Consultation highlights New Zealand's economic expansion, which since early 2011 gained further broad-based momentum in 2016. GDP growth accelerated to 4 percent, and the output gap has roughly...

New Zealand: Financial Sector Assessment Program
			: Financial System Stability Assessment

New Zealand: Financial Sector Assessment Program : Financial System Stability Assessment »

Volume/Issue: 2017/110

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 May 2017

DOI: http://dx.doi.org/10.5089/9781475598834.002

ISBN: 9781475598834

This paper presents an assessment of the stability of the financial system in New Zealand. Imbalances in the housing market, banks' concentrated exposures to the dairy sector, and their high reliance on wholesale o...

Malaysia
			: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Authorities of Malaysia

Malaysia : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Authorities of Malaysia »

Volume/Issue: 2017/101

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 April 2017

DOI: http://dx.doi.org/10.5089/9781475596656.002

ISBN: 9781475596656

Keywords: Asia and Pacific, Malaysia

This 2017 Article IV Consultation highlights the Malaysian economy's good performance over the past few years in a challenging global economic environment. Despite the impact of global commodity price and financial...

Republic of Nauru
			: 2017 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for the Republic of Nauru

Republic of Nauru : 2017 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for the Republic of Nauru »

Volume/Issue: 2017/82

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2017

DOI: http://dx.doi.org/10.5089/9781475591927.002

ISBN: 9781475591927

Keywords: Nauru

This 2017 Article IV Consultation highlights Nauru's growth and a substantial improvement in government revenue in recent years thanks to processing of asylum seekers by the Australian Regional Processing Center (R...

Nepal
			: 2017 Article IV Consultation-Press Release; Staff Report

Nepal : 2017 Article IV Consultation-Press Release; Staff Report »

Volume/Issue: 2017/74

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2017

DOI: http://dx.doi.org/10.5089/9781475589009.002

ISBN: 9781475589009

Keywords: Article IV consultation reports, Economic recovery, Economic growth, Fiscal policy, Fiscal reforms, Monetary policy, Tax administration, Customs administration, Economic indicators, Staff Reports

This 2017 Article IV Consultation highlights the rebound of Nepal's economy following a slowdown caused by the 2015 earthquakes and trade disruptions at the southern border. The growth of real GDP at market prices...

Mongolia
			: Technical Assistance Report- Report on the National Accounts Mission

Mongolia : Technical Assistance Report- Report on the National Accounts Mission »

Volume/Issue: 2017/52

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 March 2017

DOI: http://dx.doi.org/10.5089/9781475579093.002

ISBN: 9781475579093

Keywords: Asia and Pacific, Commodity price fluctuations, Copper, Gross domestic product, National accounts, Natural resources, Mining sector, Mongolia, Technical assistance missions, Technical Assistance Reports

This Technical Assistance Report evaluates the National Accounts Mission in Mongolia. Mongolia's national accounts statistics were found to be broadly adequate for IMF surveillance according to the most recent IMF...

India
			: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India

India : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India »

Volume/Issue: 2017/54

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 February 2017

DOI: http://dx.doi.org/10.5089/9781475579789.002

ISBN: 9781475579789

Keywords: India, Asia and Pacific

This 2017 Article IV Consultation highlights strong growth recorded by the Indian economy in recent years helped by a large terms-of-trade gain and positive policy actions. Inflation has remained low following the...

India
			: Selected Issues

India : Selected Issues »

Volume/Issue: 2017/55

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 February 2017

DOI: http://dx.doi.org/10.5089/9781475579819.002

ISBN: 9781475579819

Keywords: Asia and Pacific, India

This Selected Issues paper evaluates corporate and banking sector vulnerabilities in India. The analysis shows that while corporate sector risks have subsided, debt repayment capacity remains strained, and high lev...

Lao People's Democratic Republic
			: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Lao People's Democratic Republic

Lao People's Democratic Republic : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Lao People's Democratic Republic »

Volume/Issue: 2017/53

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 February 2017

DOI: http://dx.doi.org/10.5089/9781475579451.002

ISBN: 9781475579451

Keywords: Asia and Pacific

This 2016 Article IV Consultation highlights that the real GDP growth of Lao People's Democratic Republic is expected to moderate from 7.5 percent in 2015 to 7 percent in 2016. Domestic activity has slowed followin...

Indonesia
			: Selected Issues

Indonesia : Selected Issues »

Volume/Issue: 2017/48

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2017

DOI: http://dx.doi.org/10.5089/9781475577624.002

ISBN: 9781475577624

Keywords: Selected Issues Papers, Asia and Pacific, Capital inflows, Economic growth, External debt, Fiscal policy, Social safety nets, Tax reforms, Private investment, Indonesia

This Selected Issues paper analyzes the capital inflows to Indonesia since the global financial crisis. Capital inflows to Indonesia have increased since the crisis. Their average volume increased from 3.25 percent...

Australia
			: 2016 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Australia

Australia : 2016 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Australia »

Volume/Issue: 2017/42

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 February 2017

DOI: http://dx.doi.org/10.5089/9781475575835.002

ISBN: 9781475575835

Keywords: Asia and Pacific, Australia

This 2016 Article IV Consultation highlights that Australia has enjoyed robust growth despite the commodity price and mining investment bust. The moderate impact of the large shocks since 2011 highlights the resili...

Australia
			: Selected Issues

Australia : Selected Issues »

Volume/Issue: 2017/43

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 February 2017

DOI: http://dx.doi.org/10.5089/9781475575842.002

ISBN: 9781475575842

Keywords: Australia, Asset prices, Asia and Pacific, Budgets, Fiscal reforms, Fiscal consolidation, Fiscal policy, Real effective exchange rates, Labor markets, Medium-term strategy

This Selected Issues paper examines the adjustment of Australian labor markets to the recent adverse shocks. Australia's labor markets were not severely impacted by the global financial crisis and are adjusting smo...

Indonesia
			: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Indonesia

Indonesia : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Indonesia »

Volume/Issue: 2017/37

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2017

DOI: http://dx.doi.org/10.5089/9781475574807.002

ISBN: 9781475574807

Keywords: Indonesia, Asia and Pacific

This 2016 Article IV Consultation highlights that Indonesia has maintained macroeconomic stability, while adjusting well to recent shifts in the external environment. A prudent mix of macroeconomic policies and the...

Myanmar
			: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

Myanmar : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar »

Volume/Issue: 2017/30

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 February 2017

DOI: http://dx.doi.org/10.5089/9781475574098.002

ISBN: 9781475574098

Keywords: Article IV consultation reports, Balance of payments statistics, Asia and Pacific, Budget deficits, Debt sustainability analysis, Fiscal policy, Financial sector, Fiscal reforms, Flexible exchange rate policy, Economic growth

This 2016 Article IV Consultation highlights that Myanmar's economy grew broadly as expected in FY2015/16, at a healthy pace of 7.3 percent, despite massive floods during July-September 2015. Activity softened duri...

Myanmar
			: Selected Issues

Myanmar : Selected Issues »

Volume/Issue: 2017/31

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 February 2017

DOI: http://dx.doi.org/10.5089/9781475574135.002

ISBN: 9781475574135

Keywords: Myanmar, Fiscal reforms, Fiscal risk, Financial sector, Climatic changes, Capital markets, Banks, Asia and Pacific, Selected Issues Papers

This Selected Issues paper examines the strategy and priorities for reform in Myanmar's financial sector. The IMF helped design and implement a foreign currency auction by the Central Bank of Myanmar (CBM), as a fi...

Papua New Guinea
			: 2016 Article IV Consultation-Press Release; and Staff Report

Papua New Guinea : 2016 Article IV Consultation-Press Release; and Staff Report »

Volume/Issue: 2017/22

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 January 2017

DOI: http://dx.doi.org/10.5089/9781475572384.002

ISBN: 9781475572384

Keywords: Papua New Guinea, Asia and Pacific

This 2016 Article IV Consultation highlights that Papua New Guinea is facing headwinds stemming from low commodity prices and is recovering from a major drought; these factors have weighed on economic growth, weake...

The Coordinated Direct Investment Survey Guide 2015

The Coordinated Direct Investment Survey Guide 2015 »

Series: Manuals & Guides

Author(s): Rita Mesias

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 January 2017

Language: French

DOI: http://dx.doi.org/10.5089/9781475523256.069

ISBN: 9781475523256

Keywords: investment, enterprise, equity, direct investment, debt

This Coordinated Direct Investment Survey Guide (Guide) has been prepared to assist economies in participating in the Coordinated Direct Investment Survey (CDIS). The CDIS is being conducted under the auspices of t...

How to Improve the Financial Oversight of Public Corporations

How to Improve the Financial Oversight of Public Corporations »

Volume: 16

Series: Fiscal Affairs Department How-To Notes

Author(s): Richard Allen , and Miguel Alves

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 November 2016

DOI: http://dx.doi.org/10.5089/9781475551983.061

ISBN: 9781475551983

Keywords: Capitalization, Public corporations, Europe, Asia and Pacific, Australia, South Africa, Sub-Saharan Africa, Sweden, state-owned enterprises, risk

Many studies have highlighted how failures of public corporations (otherwise known as state-owned enterprises) can result in huge economic and fiscal costs. To contain the risks associated with these costs, an effe...

Cambodia
			: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cambodia

Cambodia : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cambodia »

Volume/Issue: 2016/340

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 November 2016

DOI: http://dx.doi.org/10.5089/9781475551327.002

ISBN: 9781475551327

Keywords: Western Hemisphere, Staff Reports, Panama, Press releases, Price controls, Fiscal reforms, Fiscal policy, Economic growth, Economic indicators, Banking sector

Cambodia is a fast-growing, highly open economy, and attained lower-middle income status this year. Over the last two decades, Cambodia grew rapidly (average real GDP growth of around 8 percent) and its integration...

Vanuatu
			: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu

Vanuatu : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu »

Volume/Issue: 2016/336

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 October 2016

DOI: http://dx.doi.org/10.5089/9781475550610.002

ISBN: 9781475550610

Keywords: Infrastructure, Monetary policy, Public investment, Press releases, Vanuatu, Vanuatu, Staff Reports, Bank supervision, Article IV consultation reports, Balance of payments statistics

This 2016 Article IV Consultation highlights that Vanuatu's economy is gradually recovering from the extensive damages caused by Cyclone Pam, which hit the country in March 2015. The cyclone led to a decline in GDP...

Brunei Darussalam
			: Statistical Appendix

Brunei Darussalam : Statistical Appendix »

Volume/Issue: 2016/310

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 October 2016

DOI: http://dx.doi.org/10.5089/9781475542080.002

ISBN: 9781475542080

Keywords: Asia and Pacific, Brunei Darussalam

Brunei Darussalam: Statistical Appendix...

Republic of Palau
			: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Palau

Republic of Palau : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Palau »

Volume/Issue: 2016/328

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 October 2016

DOI: http://dx.doi.org/10.5089/9781475545937.002

ISBN: 9781475545937

Keywords: Article IV consultation reports, Economic growth, Tourism, Fiscal policy, Infrastructure, Climatic changes, Banks, Nonbank financial sector, Bank supervision, Economic indicators

This 2016 Article IV Consultation highlights that Palau's economy has performed well in recent years. The economy grew strongly in FY2015 (ending September 30, 2015) at 9.4 percent, with tourist arrivals and constr...

Tuvalu
			: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu

Tuvalu : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu »

Volume/Issue: 2016/323

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2016

DOI: http://dx.doi.org/10.5089/9781475543926.002

ISBN: 9781475543926

Keywords: Article IV consultation reports, Economic growth, Fiscal policy, Fisheries, Climatic changes, Fiscal reforms, Public enterprises, Bank supervision, Economic indicators, Balance of payments statistics

This 2016 Article IV Consultation highlights that the macroeconomic outlook for Tuvalu is stable. Real GDP growth in 2015 is estimated at 2.6 percent and is projected to rise to 4 percent in 2016 owing to several l...

How to Adjust to a Large Fall in Commodity Prices

How to Adjust to a Large Fall in Commodity Prices »

Volume: 16

Series: Fiscal Affairs Department How-To Notes

Author(s): Paulo Medas , Veronique Salins , and Jeff Danforth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2016

DOI: http://dx.doi.org/10.5089/9781475536065.061

ISBN: 9781475536065

Keywords: Asia and Pacific, Canada, Chile, Commodity prices, Malaysia, Natural resources, Nigeria, Sub-Saharan Africa, Western Hemisphere, Commodity boom

Resource-rich countries have to manage highly volatile commodity revenues. In periods of revenue booms there is a tendency for large spending scale-ups. When facing large and persistent reductions in commodity pric...

Asia
			: A Survey of Gender Budgeting Efforts

Asia : A Survey of Gender Budgeting Efforts »

Volume/Issue: 2016/150

Series: IMF Working Papers

Author(s): Lekha Chakraborty

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 July 2016

DOI: http://dx.doi.org/10.5089/9781475519914.001

ISBN: 9781475519914

Keywords: India, Fiscal policy, Cross country analysis, Budgeting, Asia, Asia and Pacific, Australia, Philippines, Korea, Republic of, Gender

This paper reviews gender budgeting efforts in Asia. The countries in the region have achieved mixed success in improving gender equality. Gender budgeting is ideally a fiscal innovation that translates gender-rela...

Asean-5 Cluster Report
			: Evolution of Monetary Policy Frameworks

Asean-5 Cluster Report : Evolution of Monetary Policy Frameworks »

Volume/Issue: 2016/176

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2016

DOI: http://dx.doi.org/10.5089/9781498308748.002

ISBN: 9781498308748

Keywords: Monetary policy, Association of Southeast Asian Nations, Central banks, Business cycles, Capital outflows, Cross country analysis, Indonesia, Singapore, Malaysia, Thailand

This paper examines the evolution of monetary policy frameworks of the Association of Southeast Asian Nations (ASEAN)-5 economies, with particular focus on changes since the Asian financial crisis and the more rece...

Bhutan
			: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bhutan

Bhutan : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bhutan »

Volume/Issue: 2016/206

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2016

DOI: http://dx.doi.org/10.5089/9781475567342.002

ISBN: 9781475567342

Keywords: Article IV consultation reports, Fiscal policy, Government expenditures, Tax revenues, Monetary policy, Currency pegs, Bank supervision, Economic indicators, Balance of payments statistics, Debt sustainability analysis

This paper discusses the recent economic developments, outlook, and risks for Bhutan. Following a slowdown in activity in the wake of the rupee shortage, economic growth has picked up more recently. From an average...

Debt Equity Conversions and NPL Securitization in China
			: Some Initial Considerations

Debt Equity Conversions and NPL Securitization in China : Some Initial Considerations »

Volume: 16

Series: Technical Notes and Manuals

Author(s): James Daniel , Jose Garrido , and Marina Moretti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 April 2016

DOI: http://dx.doi.org/10.5089/9781513524153.005

ISBN: 9781513524153

Keywords: Asia and Pacific, Credit, bank lending, borrowing, bank, bank regulation, insolvency, liquidation, non-performing, loan

This note considers the role debt-equity conversions and NPL securitization can play in addressing excessive corporate debt in China, and the corresponding burden on banks of impaired assets. It finds that such tec...

Natural Disasters and Food Crises in Low-Income Countries
			: Macroeconomic Dimensions

Natural Disasters and Food Crises in Low-Income Countries : Macroeconomic Dimensions »

Volume/Issue: 2016/65

Series: IMF Working Papers

Author(s): Olumuyiwa Adedeji , Jana Gieck-Bricco , and Vera Kehayova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2016

DOI: http://dx.doi.org/10.5089/9781513596013.001

ISBN: 9781513596013

Keywords: Natural disasters, Food decline, food, food crisis, food supply, food security, food production, Discrete Regression and Qualitative Choice Models, Macroeconomic Analyses of Economic Development, Economic Growth of Open Economies

The exposure of low-income countries to natural disasters has a significant impact on food production and food security. This paper provides a framework for assessing a country's vulnerability to food crisis in the...

Macroeconomic Impact of Product and Labor Market Reforms on Informality and Unemployment in India

Macroeconomic Impact of Product and Labor Market Reforms on Informality and Unemployment in India »

Volume/Issue: 2016/47

Series: IMF Working Papers

Author(s): Rahul Anand , and Purva Khera

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 March 2016

DOI: http://dx.doi.org/10.5089/9781513545257.001

ISBN: 9781513545257

Keywords: Wage bargaining, India, Asia and Pacific, structural reforms, product market deregulation, labor market deregulation, unemployment, informality, DSGE, Indian economy

This paper investigates the implications of lowering formal regulations in labor and product markets on informality and macroeconomic outcomes in India. We estimate a DSGE model with an informal sector, and rigidit...

Institutionalizing Countercyclical Investment

Institutionalizing Countercyclical Investment »

Volume/Issue: 2016/38

Series: IMF Working Papers

Author(s): Bradley Jones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 February 2016

DOI: http://dx.doi.org/10.5089/9781513512495.001

ISBN: 9781513512495

Keywords: Asset Allocation, Asset Owners, Momentum, Risk Management, asset, investment, risk, returns, Asset Pricing, Government Policy and Regulation

Do portfolio shifts by the world’s largest asset owners respond procyclically to past returns, or countercyclically to valuations? And if countercyclical investment (with both market-stabilizing and return-generati...

Pilot Project on Concentration and Distribution Measures for a Selected Set of Financial Soundness Indicators

Pilot Project on Concentration and Distribution Measures for a Selected Set of Financial Soundness Indicators »

Volume/Issue: 2016/26

Series: IMF Working Papers

Author(s): Joseph Crowley , Plapa Koukpamou , Elena Loukoianova , and André Mialou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2016

DOI: http://dx.doi.org/10.5089/9781498337014.001

ISBN: 9781498337014

Keywords: Financial Soundness Indicators, Concentration and Distribution Measures, institutions, data, pilot project, confidentiality, information, General, All Countries, Fiscal Crisis,

This paper reports the main findings of a pilot project launched in July 2014 by the IMF’s Statistics Department to test augmenting the IMF’s financial soundness indicators (FSIs) with concentration and distributio...

New Zealand

New Zealand »

Volume/Issue: 2016/40

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2016

DOI: http://dx.doi.org/10.5089/9781475522549.002

ISBN: 9781475522549

Keywords: productivity, capital, income, savings, investment, New Zealand, Asia and Pacific

This paper discusses prospects for potential growth, house prices, household debt, and financial stability risks, and tax policy reforms in New Zealand. Despite having world-class institutions and strong policy fra...

Bangladesh

Bangladesh »

Volume/Issue: 2016/27

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2016

DOI: http://dx.doi.org/10.5089/9781498310604.002

ISBN: 9781498310604

Keywords: investment, monetary fund, debt, private investment, international development, Asia and Pacific, Bangladesh

This paper discusses key issues pertaining to the economy of Bangladesh. Macroeconomic stability has been maintained since the last Article IV Consultation in November 2013. But like other Asian countries, private...

Bangladesh

Bangladesh »

Volume/Issue: 2016/28

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2016

DOI: http://dx.doi.org/10.5089/9781498353748.002

ISBN: 9781498353748

Keywords: banks, bank, lending, interest, inflation, Bangladesh, Asia and Pacific

This paper discusses three main issues: bank lending rates, impact of climate change on the economy of Bangladesh, and financial inclusion in Bangladesh. According to international standards, average bank lending r...

The Financial Wealth of Corporations

The Financial Wealth of Corporations »

Volume/Issue: 2016/11

Series: IMF Working Papers

Author(s): Yuko Hashimoto , and Noriaki Kinoshita

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 January 2016

DOI: http://dx.doi.org/10.5089/9781484395073.001

ISBN: 9781484395073

Keywords: Nonfinancial corporation, financial balance sheet, net financial wealth, balance sheet, equity, debt, balance sheets, stock, General, Methodology for Collecting

This paper analyzes the nonfinancial corporation (NFC) sector’s financial balance sheets using data available from the OECD. In our sample of 20 advanced economies, corporate debt in percent of GDP—a frequently use...

Cost-Benefit Analysis of Leaning Against the Wind

Cost-Benefit Analysis of Leaning Against the Wind »

Volume/Issue: 2016/3

Series: IMF Working Papers

Author(s): Lars Svensson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2016

DOI: http://dx.doi.org/10.5089/9781498314787.001

ISBN: 9781498314787

Keywords: macroprudential policy, unemployment, unemployment rate, debt, marginal cost, benchmark, Monetary Policy (Targets, Instruments, and Effects), All Countries

“Leaning against the wind” (LAW) with a higher monetary policy interest rate may have benefits in terms of lower real debt growth and associated lower probability of a financial crisis but has costs in terms of hig...

Non-Linear Exchange Rate Pass-Through in Emerging Markets

Non-Linear Exchange Rate Pass-Through in Emerging Markets »

Volume/Issue: 2016/1

Series: IMF Working Papers

Author(s): Francesca Caselli , and Agustin Roitman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 January 2016

DOI: http://dx.doi.org/10.5089/9781513578262.001

ISBN: 9781513578262

Keywords: Non-Linearities, exchange rate, depreciation, inflation targeting, exchange rate movements, Models with Panel Data, General, All Countries,, Exchange rate pass-through, Foreign exchange

This paper estimates exchange rate pass-through to consumer prices in emerging markets focusing on non-linearities and asymmetries. We document non-linearities and asymmetries in the transmission of exchange rate f...

Understanding India’s Food Inflation

Understanding India’s Food Inflation »

Volume/Issue: 2016/2

Series: IMF Working Papers

Author(s): Rahul Anand , Naresh Kumar , and Volodymyr Tulin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 January 2016

DOI: http://dx.doi.org/10.5089/9781513581347.001

ISBN: 9781513581347

Keywords: food inflation, cereal buffer stocks, food, cereals, rice, wheat, food supply, Forecasting and Simulation, Monetary Policy (Targets, Instruments

Over the past decade, India has seen a prolonged period of high inflation, to a large extent driven by persistently-high food inflation. This paper investigates the demand and supply factors behind the contribution...

Crowding-Out or Crowding-In? Public and Private Investment in India

Crowding-Out or Crowding-In? Public and Private Investment in India »

Volume/Issue: 2015/264

Series: IMF Working Papers

Author(s): Girish Bahal , Mehdi Raissi , and Volodymyr Tulin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 December 2015

DOI: http://dx.doi.org/10.5089/9781513541655.001

ISBN: 9781513541655

Keywords: Public investment, Private investment, Crowding in, Crowding out, Permanent shocks, Structural identification, Vector error correction models, investment, capital, investment activity

This paper contributes to the debate on the relationship between public-capital accumulation and private investment in India along the following dimensions. First, acknowledging major structural changes that the In...

From Ambition to Execution
			: Policies in Support of Sustainable Development Goals

From Ambition to Execution : Policies in Support of Sustainable Development Goals »

Volume/Issue: 2015/18

Series: Staff Discussion Notes

Author(s): Stefania Fabrizio , Rodrigo Garcia-Verdu , Catherine Pattillo , Adrian Peralta-Alva , Andrea Presbitero , Baoping Shang , Genevieve Verdier , Marie-Therese Camilleri , Kazuaki Washimi , Lisa Kolovich , Monique Newiak , Martin Cihak , Inci Otker , Luis-Felipe Zanna , and Carol Baker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 September 2015

DOI: http://dx.doi.org/10.5089/9781513573304.006

ISBN: 9781513573304

Keywords: Inclusive growth, Income inequality, Gender, Environmental sustainability, Sustainable development, Fiscal policy, Developing countries, sustainable development goals, growth, structural transformation

The formal launch of the Sustainable Development Goals (SDGs) sets the global development agenda through 2030, placing significant emphasis on promoting social and environmental sustainability alongside economic gr...

Inequality and Fiscal Policy

Inequality and Fiscal Policy »

Series: Books

Author(s): Benedict Clements , Ruud Mooij , Sanjeev Gupta , and Michael Keen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 September 2015

DOI: http://dx.doi.org/10.5089/9781513567754.071

ISBN: 9781513567754

Keywords: income, tax, taxes, revenue, health

The sizeable increase in income inequality experienced in advanced economies and many parts of the world since the 1990s and the severe consequences of the global economic and financial crisis have brought distribu...

Samoa
			: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Samoa

Samoa : 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Samoa »

Volume/Issue: 2015/191

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 July 2015

DOI: http://dx.doi.org/10.5089/9781513568713.002

ISBN: 9781513568713

Keywords: Samoa, debt, financial institutions, monetary fund, public debt, reserves

KEY ISSUES Outlook and risks. Growth is recovering gradually from natural disasters and inflation remains subdued. The current account deficit is expected to narrow on lower international oil prices and a planned f...

Rethinking Financial Deepening
			: Stability and Growth in Emerging Markets

Rethinking Financial Deepening : Stability and Growth in Emerging Markets »

Volume/Issue: 2015/8

Series: Staff Discussion Notes

Author(s): Ratna Sahay , Martin Cihak , Papa N'Diaye , Adolfo Barajas , Diana Ayala Pena , Ran Bi , Yuan Gao , Annette Kyobe , Lam Nguyen , Christian Saborowski , Katsiaryna Svirydzenka , and Reza Yousefi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 May 2015

DOI: http://dx.doi.org/10.5089/9781498312615.006

ISBN: 9781498312615

Keywords: Economic growth, Emerging markets, Financial stability, financial development, financial deepening, financial inclusion, finance, General, Government Policy and Regulation, Estabilidad financiera; Crecimiento económico; Desarrollo del mercado de capitales; Acceso a los mercados de capitales; Mercados emergentes

The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging markets can learn f...

Fair Weather or Foul? The Macroeconomic Effects of El Niño

Fair Weather or Foul? The Macroeconomic Effects of El Niño »

Volume/Issue: 2015/89

Series: IMF Working Papers

Author(s): Paul Cashin , Kamiar Mohaddes , and Mehdi Raissi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 April 2015

DOI: http://dx.doi.org/10.5089/9781475535495.001

ISBN: 9781475535495

Keywords: El Ni&;amp;#x00F1;o weather shocks, oil and non-fuel commodity prices, global macroeconometric modeling, international business cycle, prices, inflation, variables, gdp, trade, Time-Series Models

This paper employs a dynamic multi-country framework to analyze the international macroeconomic transmission of El Niño weather shocks. This framework comprises 21 country/region-specific models, estimated over the...

Islamic Finance
			: Opportunities, Challenges, and Policy Options

Islamic Finance : Opportunities, Challenges, and Policy Options »

Volume/Issue: 2015/5

Series: Staff Discussion Notes

Author(s): Alfred Kammer , Mohamed Norat , Marco Pinon , Ananthakrishnan Prasad , Christopher Towe , and Zeine Zeidane

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2015

DOI: http://dx.doi.org/10.5089/9781498325035.006

ISBN: 9781498325035

Keywords: Islamic finance, Islamic banking, participation finance, financial regulations, Sukuk markets, infrastructure finance, financial inclusion, monetary policy, macroprudential policy, tax policy

The SDN discusses the main policy issues and challenges in building an inclusive and safe Islamic finance industry, with emphasis on Islamic banking and Sukuk markets. To this end, it discuses why Islamic finance m...

Tackling Small and Medium Enterprise Problem Loans in Europe

Tackling Small and Medium Enterprise Problem Loans in Europe »

Volume/Issue: 2015/4

Series: Staff Discussion Notes

Author(s): Wolfgang Bergthaler , Kenneth Kang , Yan Liu , and Dermot Monaghan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 March 2015

DOI: http://dx.doi.org/10.5089/9781498384834.006

ISBN: 9781498384834

Keywords: Corporate sector, Debt restructuring, Business enterprises, Bankruptcy, Europe, Economic recovery, Insolvency, Non-performing loans, SME, debt distress

The global financial crisis has left a large private sector debt overhang and high levels of non- performing loans (NPLs) in several European countries. Small and medium-size enterprises (SMEs) represent a signific...

Fair Play
			: More Equal Laws Boost Female Labor Force Participation

Fair Play : More Equal Laws Boost Female Labor Force Participation »

Volume/Issue: 2015/2

Series: Staff Discussion Notes

Author(s): Christian Gonzales , Sonali Jain-Chandra , Kalpana Kochhar , and Monique Newiak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2015

DOI: http://dx.doi.org/10.5089/9781498354424.006

ISBN: 9781498354424

Keywords: Labor force participation, Gender equality, Women, female labor force participation, gender equity, legal rights, gender, labor force, female labor, Participación en la fuerza laboral;Mujeres;Igualdad de género;Mercados de trabajo;Reformas del mercado laboral;Aspectos económicos de la familia;Análisis entre países

This Staff Discussion Note examines the effect of gender-based legal restrictions and other policy choices and demographic characteristics on female labor force participation. Drawing on a large and novel panel dat...

ASEAN Financial Integration

ASEAN Financial Integration »

Volume/Issue: 2015/34

Series: IMF Working Papers

Author(s): Geert Almekinders , Alex Mourmouras , Jianping Zhou , Satoshi Fukuda , and Yong Sarah Zhou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2015

DOI: http://dx.doi.org/10.5089/9781484386491.001

ISBN: 9781484386491

Keywords: Economic growth, Cross country analysis, Association of Southeast Asian Nations, Brunei Darussalam, Cambodia, Capital flows, Capital account liberalization, Economic integration, Financial integration, Indonesia

The establishment of the ASEAN Economic Community (AEC) at end-2015 has brought into sharp focus the issue of financial and economic integration in the region. This paper takes stock of ASEAN's financial integratio...

International Monetary Fund Annual Report 2014
			: From stabilization to sustainable growth

International Monetary Fund Annual Report 2014 : From stabilization to sustainable growth »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund. Secretary's Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 October 2014

DOI: http://dx.doi.org/10.5089/9781498315357.011

ISBN: 9781498315357

Keywords: Annual reports, Administrative and Capital budgets, Bilateral surveillance, External training programs, Executive Board, Financial sector surveillance, IMF, IMF Finance, IMF Lending, Fund budget

Seven years after the onset of the global financial crisis, the world still has a way to go to secure a sustainable recovery marked by strong growth that supports rapid job creation and benefits all, International...

Emerging Market Volatility
			: Lessons from The Taper Tantrum

Emerging Market Volatility : Lessons from The Taper Tantrum »

Volume/Issue: 2014/9

Series: Staff Discussion Notes

Author(s): Ratna Sahay , Vivek Arora , Athanasios Arvanitis , Hamid Faruqee , Papa N'Diaye , and Tommaso Mancini Griffoli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 October 2014

DOI: http://dx.doi.org/10.5089/9781498318204.006

ISBN: 9781498318204

Keywords: Monetary policy, Emerging markets, United States, Capital flows, Financial markets, Capital market volatility, Macroprudential Policy, Developed countries, Tapering, unconventional monetary policy

Accommodative monetary policies in advanced economies have spurred increased capital inflows into emerging markets since the global financial crisis. Starting in May 2013, when the Federal Reserve publicly discusse...

Administering Fiscal Regimes for Extractive Industries
			: A Handbook

Administering Fiscal Regimes for Extractive Industries : A Handbook »

Series: Books

Author(s): Jack Calder

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 July 2014

DOI: http://dx.doi.org/10.5089/9781475575170.071

ISBN: 9781475575170

Keywords: natural resource, natural resources, natural resource taxes, natural resource taxation, tax authority

This handbook is one of the first of its kind to focus attention on effectively administering revenues from extractive industries. It provides policymakers and officials in developing and emerging market economies...

Emerging Markets in Transition
			: Growth Prospects and Challenges

Emerging Markets in Transition : Growth Prospects and Challenges »

Volume/Issue: 2014/6

Series: Staff Discussion Notes

Author(s): Luis Cubeddu , Alexander Culiuc , Ghada Fayad , Yuan Gao , Kalpana Kochhar , Annette Kyobe , Ceyda Oner , Roberto Perrelli , Sarah Sanya , Evridiki Tsounta , and Zhongxia Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 June 2014

DOI: http://dx.doi.org/10.5089/9781498327664.006

ISBN: 9781498327664

Keywords: Emerging markets, growth, potential growth, convergence, heterogeneity, structural reform, productivity, terms of trade, trading partners, commodity prices

After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the po...

Monetary Policy in the New Normal

Monetary Policy in the New Normal »

Volume/Issue: 2014/3

Series: Staff Discussion Notes

Author(s): Tamim Bayoumi , Giovanni Dell'Ariccia , Karl Habermeier , Tommaso Mancini Griffoli , and Fabian Valencia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 April 2014

DOI: http://dx.doi.org/10.5089/9781475561784.006

ISBN: 9781475561784

Keywords: Cross country analysis, Central bank autonomy, Central bank independence, Central banks, Financial stability, Monetary policy, Macroprudential Policy, inflation, central bank, monetary fund

The proposed SDN would take stock of the current debate on the shape that monetary policy should take after the crisis. It revisits the pros and cons of expanding the objectives of monetary policy, the merits of tu...

India
			: Selected Issues

India : Selected Issues »

Volume/Issue: 2014/58

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2014

DOI: http://dx.doi.org/10.5089/9781484309001.002

ISBN: 9781484309001

Keywords: Economic growth, Current account deficits, Corporate sector, Monetary policy, India, Inflation, Selected issues, Spillovers, Poverty reduction, Public investment

This Selected Issues paper uncovers the factors behind the unprecedented widening of India's current account deficit in terms of the sectoral savings-investment balance. The unprecedented widening of India's curren...

India
			: Staff Report for 2014 Article IV Consultation

India : Staff Report for 2014 Article IV Consultation »

Volume/Issue: 2014/57

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2014

DOI: http://dx.doi.org/10.5089/9781484308257.002

ISBN: 9781484308257

Keywords: Economic indicators, Fiscal consolidation, Banking sector, Article IV consultation reports, Current account deficits, Debt sustainability analysis, Economic growth, Press releases, Staff Reports, India

This 2014 Article IV consultation highlights an expected slowdown of growth in India, to 4.6 percent this fiscal year, the lowest in a decade, reflecting global developments and domestic supply constraints. Headlin...

Cambodia
			: Staff Report for the 2013 Article IV Consultation

Cambodia : Staff Report for the 2013 Article IV Consultation »

Volume/Issue: 2014/33

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 February 2014

DOI: http://dx.doi.org/10.5089/9781475566451.002

ISBN: 9781475566451

Keywords: Article IV consultations, Cambodia, Bank supervision, Economic growth, Debt sustainability analysis, Economic indicators, Fiscal consolidation, Global competitiveness, Fiscal policy, Monetary policy

This Debt Sustainability Analysis update highlights Cambodia's continued low debt distress rating: all debt burden indicators are projected to remain below the respective thresholds. The authorities have made progr...

Republic of the Marshall Islands
			: Staff Report for the 2013 Article IV Consultation

Republic of the Marshall Islands : Staff Report for the 2013 Article IV Consultation »

Volume/Issue: 2014/26

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2014

DOI: http://dx.doi.org/10.5089/9781616355265.002

ISBN: 9781616355265

Keywords: Bank supervision, Article IV consultation reports, Staff Reports, Public enterprises, Press releases, Private sector, Marshall Islands, Fiscal policy, Fiscal sustainability, current account

This Informational Annex highlights the Marshall Islands' existing tax system's inability to raise additional revenue, discouragement of private investment, and inequitability. Careful consideration needs to be giv...

Solomon Islands
			: Staff Report for the 2013 Article IV consultation and Second Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criterion

Solomon Islands : Staff Report for the 2013 Article IV consultation and Second Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criterion »

Volume/Issue: 2014/12

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2014

DOI: http://dx.doi.org/10.5089/9781484374023.002

ISBN: 9781484374023

Keywords: Article IV consultation reports, Economic growth, Debt sustainability analysis, Solomon Islands, Extended Credit Facility, Exchange rate assessments, Economic indicators, Press releases, Reserves adequacy, Staff Reports

This Information Annex highlights that the Solomon Islands has recovered well from a precarious position during the global economic crisis. Growth has accelerated rapidly and international and fiscal reserves incre...

Annual Report on Exchange Arrangements and Exchange Restrictions 2013

Annual Report on Exchange Arrangements and Exchange Restrictions 2013 »

Series: Annual Report on Exchange Arrangements and Exchange Restrictions

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 December 2013

DOI: http://dx.doi.org/10.5089/9781484366806.012

ISBN: 9781484366806

Keywords: Exchange rate adjustments, Exchange rate appreciation, Exchange rate assessments, Exchange rate developments, Exchange rate determination, Exchange rate depreciation, Exchange rate guarantees, Exchange rate indicators, Exchange rate indexes, Exchange rate management

This is the 64th issue of the AREAER. It provides a description of the foreign exchange arrangements, exchange and trade systems, and capital controls of all IMF member countries. It also provides information on th...

Women, Work, and the Economy
			: Macroeconomic Gains from Gender Equity

Women, Work, and the Economy : Macroeconomic Gains from Gender Equity »

Volume/Issue: 2013/10

Series: Staff Discussion Notes

Author(s): Katrin Elborgh-Woytek , Monique Newiak , Kalpana Kochhar , Stefania Fabrizio , Kangni Kpodar , Philippe Wingender , Benedict Clements , and Gerd Schwartz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2013

DOI: http://dx.doi.org/10.5089/9781475566567.006

ISBN: 9781475566567

Keywords: Developed countries, Employment, Emerging markets, Labor markets, Gender equality, Fiscal policy, Women

The proposed SDN discusses the specific macro-critical aspects of women’s participation in the labor market and the constraints that prevent women from developing their full economic potential. Building on e...

Iwf 2013 Internationaler Währungsfonds Jahresbericht 2013 Die Globale Konjunkturerholung Sichern Und Stärken
			: Promoting a More Secure and Stable Global Economy

Iwf 2013 Internationaler Währungsfonds Jahresbericht 2013 Die Globale Konjunkturerholung Sichern Und Stärken : Promoting a More Secure and Stable Global Economy »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund. Secretary's Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 October 2013

Language: German

DOI: http://dx.doi.org/10.5089/9781484362785.011

ISBN: 9781484362785

Keywords: financial stability, financial sector, debt relief, public debt, capital flows, balance of payments, debt sustainability, management of capital flows, risk management, internal audit

The IMF's 2013 Annual Report chronicles the response of the institution's Executive Board and staff to the global financial crisis and other events during financial year 2013, which covers the period from May 1, 20...

International Monetary Fund Annual Report 2013
			: Promoting a More Secure and Stable Global Economy

International Monetary Fund Annual Report 2013 : Promoting a More Secure and Stable Global Economy »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund. Secretary's Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2013

DOI: http://dx.doi.org/10.5089/9781475515398.011

ISBN: 9781475515398

Keywords: financial stability, financial sector, debt relief, public debt, capital flows

The IMF's 2013 Annual Report chronicles the response of the institution's Executive Board and staff to the global financial crisis and other events during financial year 2013, which covers the period from May 1, 20...

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 »

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

DOI: http://dx.doi.org/10.5089/9781616357290.006

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...

Fiscal Monitor, April 2013
			: Fiscal Adjustment in an Uncertain World

Fiscal Monitor, April 2013 : Fiscal Adjustment in an Uncertain World »

Series: Fiscal Monitor

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2013

DOI: http://dx.doi.org/10.5089/9781475566253.089

ISBN: 9781475566253

Keywords: public debt, government debt, fiscal adjustment, central bank, debt ratios

Continued progress in reducing advanced economy deficits and a gradually improving external environment have lowered short-term fiscal risks, according to this issue, but global prospects nevertheless remain subdue...

Rethinking Macro Policy II
			: Getting Granular

Rethinking Macro Policy II : Getting Granular »

Volume/Issue: 2013/3

Series: Staff Discussion Notes

Author(s): Olivier Blanchard , Giovanni Dell'Ariccia , and Paolo Mauro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2013

DOI: http://dx.doi.org/10.5089/9781484363478.006

ISBN: 9781484363478

Keywords: Financial stability, Fiscal consolidation, Central banks and their policies, Central banks, Capital flows, Public debt, Stabilization measures, Fiscal policy, Inflation targeting, Monetary policy

This note explores how the economic thinking about macroeconomic management has evolved since the crisis began. It discusses developments in monetary policy, including unconventional measures; the challenges associ...

Assessing Reserve Adequacy in Low-Income Countries

Assessing Reserve Adequacy in Low-Income Countries »

Series: Occasional Papers

Author(s): Valerio Crispolti , Era Dabla-Norris , Jun Kim , Kazuko Shirono , and George Tsibouris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2013

DOI: http://dx.doi.org/10.5089/9781616354121.084

ISBN: 9781616354121

Keywords: External shocks, reserve holdings, consumption growth, terms of trade, current account

Low-income countries routinely experience exogenous disturbances—sharp swings in the terms of trade, export demand, natural disasters, and volatile financial flows—that contribute to higher volatility...

Current Developments in Monetary and Financial Law, Volume 6
			: Restoring Financial Stability--The Legal Response

Current Developments in Monetary and Financial Law, Volume 6 : Restoring Financial Stability--The Legal Response »

Series: Seminar Volumes

Author(s): International Monetary Fund. Legal Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2013

DOI: http://dx.doi.org/10.5089/9781616350819.072

ISBN: 9781616350819

Keywords: Banking, Central bank policy, Financial stability, Financial institutions, International banking, debt, loans, restructuring, regulation

'Restoring Financial Stability-The Legal Response' is the theme of the sixth volume of 'Current Developments in Monetary and Financial Law.' The book covers a range of issues: frameworks and regulatory reforms in t...

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: 25 January 2013

DOI: http://dx.doi.org/10.5089/9781616354138.084

ISBN: 9781616354138

Keywords: Cross country analysis, Developed countries, Emerging markets, Government expenditures, Pension reforms, Pensions, pension, retirement, pension spending, public pension

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...

Economic Diversification in LICs
			: Stylized Facts and Macroeconomic Implications

Economic Diversification in LICs : Stylized Facts and Macroeconomic Implications »

Volume/Issue: 2012/13

Series: Staff Discussion Notes

Author(s): Chris Papageorgiou , and Nicola Spatafora

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2012

DOI: http://dx.doi.org/10.5089/9781475532180.006

ISBN: 9781475532180

Keywords: Trade and real-sector diversification, quality upgrading, volatility, growth, LICs, export diversification, external shocks, external trade, total exports, trading partners

Limited diversification is an underlying characteristic of many low-income countries (LICs). Concentration in sectors with limited scope for increases in productivity and quality may result in less broad-based and...

International Monetary Fund Annual Report 2012
			: Working Together To Support Global Recovery

International Monetary Fund Annual Report 2012 : Working Together To Support Global Recovery »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2012

DOI: http://dx.doi.org/10.5089/9781616354152.011

ISBN: 9781616354152

Keywords: credit, balance of payments, technical assistance, financial sector, debt relief

The IMF's 2012 Annual Report chronicles the response of the Fund's Executive Board and staff to the global financial crisis and other events during financial year 2012, which covers the period from May 1, 2011, thr...

International Monetary Fund Annual Report 2012
			: Financial Statements

International Monetary Fund Annual Report 2012 : Financial Statements »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2012

DOI: http://dx.doi.org/10.5089/9781616354169.011

ISBN: 9781616354169

Keywords: financial statements, technical assistance, cash flows, financial assets, financial instruments

The IMF's 2012 Annual Report chronicles the response of the Fund's Executive Board and staff to the global financial crisis and other events during financial year 2012, which covers the period from May 1, 2011, thr...

Estimating the Costs of Financial Regulation

Estimating the Costs of Financial Regulation »

Volume/Issue: 2012/11

Series: Staff Discussion Notes

Author(s): Andre Santos , and Douglas Elliott

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 September 2012

DOI: http://dx.doi.org/10.5089/9781475510089.006

ISBN: 9781475510089

Keywords: Capital markets, Banks, Bank supervision, Bank reforms, Financial institutions, Basel III, Systemically Important Institutions, Financial Regulation, Capital Requirements, Liquidity Requirements

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief an...

Two Targets, Two Instruments
			: Monetary and Exchange Rate Policies in Emerging Market Economies

Two Targets, Two Instruments : Monetary and Exchange Rate Policies in Emerging Market Economies »

Volume/Issue: 2012/1

Series: Staff Discussion Notes

Author(s): Jonathan Ostry , Atish Ghosh , and Marcos Chamon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 February 2012

DOI: http://dx.doi.org/10.5089/9781475503623.006

ISBN: 9781475503623

Keywords: Emerging markets, Exchange rate policy, Central banks, Inflation targeting, Foreign exchange intervention, Monetary policy, exchange rate, inflation, central bank, foreign exchange

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief an...

Internationalization of Emerging Market Currencies
			: A Balance Between Risks and Rewards

Internationalization of Emerging Market Currencies : A Balance Between Risks and Rewards »

Volume/Issue: 2011/17

Series: Staff Discussion Notes

Author(s): Faisal Ahmed , Shengzu Wang , Isabelle Mateos y Lago , Samar Maziad , Stephanie Segal , Pascal Farahmand , and Udaibir Das

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 October 2011

DOI: http://dx.doi.org/10.5089/9781463926526.006

ISBN: 9781463926526

Keywords: Emerging markets, International monetary system, Currency internationalization, financial markets, international currencies, domestic financial markets, international currency, capital account liberalization,

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief an...

Treasury Single Account
			: An Essential Tool for Government Cash Management

Treasury Single Account : An Essential Tool for Government Cash Management »

Volume: 11

Series: Technical Notes and Manuals

Author(s): Israel Fainboim Yaker , and Sailendra Pattanayak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 October 2011

DOI: http://dx.doi.org/10.5089/9781475504699.005

ISBN: 9781475504699

Keywords: treasury single account, TSA, banking arrangement, bank accounts, cash management, liquidity management, treasury management, transaction processing, public financial management, bank

This technical note and manual addresses the following main issues: 1. Discusses the problems of fragmented government banking arrangements and how a treasury single account (TSA) could address them. 2. Explain...

The Effectiveness of Capital Controls and Prudential Policies in Managing Large Inflows

The Effectiveness of Capital Controls and Prudential Policies in Managing Large Inflows »

Volume/Issue: 2011/14

Series: Staff Discussion Notes

Author(s): Karl Habermeier , Annamaria Kokenyne , and Chikako Baba

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2011

DOI: http://dx.doi.org/10.5089/9781463902896.006

ISBN: 9781463902896

Keywords: Emerging markets, Exchange rate appreciation, Cross country analysis, Credit expansion, Capital controls, Capital inflows, Risk management, Macroprudential Policy, financial regulation, macroprudential policies

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief an...

Raising the Consumption Tax in Japan
			: Why, When, How?

Raising the Consumption Tax in Japan : Why, When, How? »

Volume/Issue: 2011/13

Series: Staff Discussion Notes

Author(s): Kenneth Kang , Michael Keen , Mahmood Pradhan , and Ruud A. Mooij

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 2011

DOI: http://dx.doi.org/10.5089/9781463902889.006

ISBN: 9781463902889

Keywords: Consumption taxes, Revenue measures, Japan, Tax increases, Tax revenues, Value added tax, Consumption tax, VAT, fiscal adjustment, social security

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief an...

Tax Biases to Debt Finance
			: Assessing the Problem, Finding Solutions

Tax Biases to Debt Finance : Assessing the Problem, Finding Solutions »

Volume/Issue: 2011/11

Series: Staff Discussion Notes

Author(s): Ruud A. Mooij

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 May 2011

DOI: http://dx.doi.org/10.5089/9781463935139.006

ISBN: 9781463935139

Keywords: Corporate taxation, investors, tax system, cost of capital, corporate tax, interest payments, Interest Deductibility, Corporate Financial Structure, Multinational Debt Shifting, Bank Leverage

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief an...

Policy Responses to Capital Flows in Emerging Markets

Policy Responses to Capital Flows in Emerging Markets »

Volume/Issue: 2011/10

Series: Staff Discussion Notes

Author(s): Mahmood Pradhan , Ravi Balakrishnan , Reza Baqir , Geoffrey Heenan , Sylwia Nowak , Ceyda Oner , and Sanjaya Panth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 April 2011

DOI: http://dx.doi.org/10.5089/9781463935122.006

ISBN: 9781463935122

Keywords: Emerging markets, Capital flows, Macroeconomic policies, Macroprudential policies, capital inflows, bond, bond yields, bonds,

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief an...

Inequality and Unsustainable Growth
			: Two Sides of the Same Coin?

Inequality and Unsustainable Growth : Two Sides of the Same Coin? »

Volume/Issue: 2011/8

Series: Staff Discussion Notes

Author(s): Jonathan Ostry , and Andrew Berg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 April 2011

DOI: http://dx.doi.org/10.5089/9781463926564.006

ISBN: 9781463926564

Keywords: Cross country analysis, Developed countries, Economic growth, Emerging markets, Income distribution, Poverty reduction, sustainable growth, per capita income, external debt, external shocks

This note raises the IMF’s profile on a number of issues related to inequality, unemployment, governance, etc. It builds on earlier empirical work that examined correlations between growth downbreaks/duratio...

Managing Abundance to Avoid a Bust in Latin America

Managing Abundance to Avoid a Bust in Latin America »

Volume/Issue: 2011/7

Series: Staff Discussion Notes

Author(s): Martin Kaufman , Steven Phillips , Rodrigo Valdes , and Nicolas Eyzaguirre

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2011

DOI: http://dx.doi.org/10.5089/9781463926557.006

ISBN: 9781463926557

Keywords: Capital inflows, Latin America, capital controls, prudential tools, current account, capital account restrictions, current account deficits, capital account,

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief an...

External Performance in Low-Income Countries

External Performance in Low-Income Countries »

Series: Occasional Papers

Author(s): Alessandro Prati , Luca Ricci , Lone Engbo Christiansen , Stephen Tokarick , and Thierry Tressel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 2011

DOI: http://dx.doi.org/10.5089/9781616350536.084

ISBN: 9781616350536

Keywords: External sector, Low-income developing countries, Real effective exchange rates, exchange rate, current account, real exchange rate, foreign assets, net foreign assets

Assessments of exchange rate misalignments and external imbalances for low-income countries are challenging because methodologies developed for advanced and emerging economies cannot be automatically applied to poo...

Crisis Management and Resolution
			: Early Lessons from the Financial Crisis

Crisis Management and Resolution : Early Lessons from the Financial Crisis »

Volume/Issue: 2011/5

Series: Staff Discussion Notes

Author(s): Ceyla Pazarbasioglu , Luc Laeven , Oana Nedelescu , Stijn Claessens , Fabian Valencia , Marc Dobler , and Katharine Seal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 March 2011

DOI: http://dx.doi.org/10.5089/9781455286546.006

ISBN: 9781455286546

Keywords: Financial crises, Financial stability, Crisis management, Asset restructuring, Burden sharing, Moral hazard, Stress tests, resolution, too big to fail, financial institutions

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief an...

Subsidiaries or Branches
			: Does One Size Fit All?

Subsidiaries or Branches : Does One Size Fit All? »

Volume/Issue: 2011/4

Series: Staff Discussion Notes

Author(s): Jonathan Fiechter , Inci Ötker , Anna Ilyina , Michael Hsu , Andre Santos , and Jay Surti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 March 2011

DOI: http://dx.doi.org/10.5089/9781455288564.006

ISBN: 9781455288564

Keywords: Cross-border banking, Bank regulations, Banks, Financial stability, Financial regulation, Stand-alone subsidiarization, Ringfencing, Subsidiary model, Branch model, Resolution

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief an...