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Informality and Aggregate Productivity: The Case of Mexico

Informality and Aggregate Productivity: The Case of Mexico »

Volume/Issue: 2019/257

Series: IMF Working Papers

Author(s): Jorge Alvarez , and Cian Ruane

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 November 2019

DOI: http://dx.doi.org/10.5089/9781513519920.001

ISBN: 9781513519920

Keywords: Social safety nets, Economic conditions, Informal sector, Social security, Labor costs, Informality, Misallocation, Productivity, Growth, Mexico.

We assess the aggregate productivity impact of distortions arising from labor regulations in Mexico and how they interact with informality. Using employment surveys and a firm-level economic census, we document a n...

Mexico
			: Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release; and Staff Report

Mexico : Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release; and Staff Report »

Volume/Issue: 2019/354

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 2019

DOI: http://dx.doi.org/10.5089/9781513521183.002

ISBN: 9781513521183

Keywords: Financial regulation and supervision, Public debt, Financial crises, External sector, External shocks, ISCR, CR, FCL, mid-term review, strong policy

This paper discusses Mexico's Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement. Fiscal policy has stemmed the rise in the public debt ratio in the past two years; a very tight mone...

Mexico
			: Technical Assistance Report-Public Investment Management Assessment

Mexico : Technical Assistance Report-Public Investment Management Assessment »

Volume/Issue: 2019/339

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

DOI: http://dx.doi.org/10.5089/9781513520148.002

ISBN: 9781513520148

Keywords: Financial crises, Public sector investments, Economic policy, Fiscal indicators, Regional economics, ISCR, CR, medium-term, public investment, budget year

This Technical Assistance report on Mexico discusses public investment management assessment (PIMA). It evaluates 15 key institutions in terms of their institutional strength and effectiveness across the planning,...

Mexico
			: 2019 Article IV Consultation-Press Release and Staff Report

Mexico : 2019 Article IV Consultation-Press Release and Staff Report »

Volume/Issue: 2019/336

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 November 2019

DOI: http://dx.doi.org/10.5089/9781513519005.002

ISBN: 9781513519005

Keywords: External sector, National accounts, Financial indicators, Balance of payments, Financial soundness indicators, ISCR, CR, percent of GDP, Pemex, medium-term

This 2019 Article IV Consultation with Mexico discusses that growth is expected to accelerate modestly in the near-term, reaching 0.4 percent in 2019, as macroeconomic policies become less contractionary. Monetary...

Mexico
			: Selected Issues

Mexico : Selected Issues »

Volume/Issue: 2019/337

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 November 2019

DOI: http://dx.doi.org/10.5089/9781513519043.002

ISBN: 9781513519043

Keywords: Capital expenditure, Economic indicators, Capital, Investment, Expenditures, ISCR, CR, PEMEX, fiscal regime, profit-sharing

This Selected Issues paper shows that upgrading basic public infrastructure, and road infrastructure, raises productivity among firms, not only for large companies but also for Mexico's large number of small and mi...

Income Inequality and Government Transfers in Mexico

Income Inequality and Government Transfers in Mexico »

Volume/Issue: 2019/148

Series: IMF Working Papers

Author(s): Frederic Lambert , and Hyunmin Park

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2019

DOI: http://dx.doi.org/10.5089/9781498320863.001

ISBN: 9781498320863

Keywords: Social security, Income distribution, Demographic indicators, North American Free Trade Agreement, Development policy, inequality, poverty, social policies, Mexico, government transfer

We analyze microdata from Mexico's survey on household income and expenditures (ENIGH) to study the evolution of income inequality in Mexico over 2004-16, identify its sources, and investigate how it was affected...

Optimal Fiscal Spending and Reserve Accumulation Policies under Volatile Aid

Optimal Fiscal Spending and Reserve Accumulation Policies under Volatile Aid »

Volume/Issue: 2019/126

Series: IMF Working Papers

Author(s): Ioana Moldovan , Shu-Chun Susan Yang , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 June 2019

DOI: http://dx.doi.org/10.5089/9781498312110.001

ISBN: 9781498312110

Keywords: Absorptive capacity, Private consumption, Real interest rates, Government consumption, Public goods, aid, fiscal policy, foreign exchange intervention, optimal policy, low-income countries.

This paper assesses the optimal setting of fiscal spending and foreign exchange rate intervention policies in response to volatile foreign aid, in a small open economy model that incorporates typical features of lo...

Firm Size, Life Cycle Dynamics and Growth Constraints: Evidence from Mexico

Firm Size, Life Cycle Dynamics and Growth Constraints: Evidence from Mexico »

Volume/Issue: 2019/87

Series: IMF Working Papers

Author(s): Christian Saborowski , and Florian Misch

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 May 2019

DOI: http://dx.doi.org/10.5089/9781498311137.001

ISBN: 9781498311137

Keywords: Social security, Economic growth, Development, Services industry, Manufacturing sector, Firm size, Firm growth, Life cycle dynamics, Distortions, Klenow

This paper examines the variation in life cycle growth across the universe of Mexican firms. We establish two stylized facts to motivate our analysis: first, we show that firm size matters for development by illust...

Mexico
			: Review Under the Flexible Credit Line Arrangement-Press Release; and Staff Report

Mexico : Review Under the Flexible Credit Line Arrangement-Press Release; and Staff Report »

Volume/Issue: 2018/332

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 November 2018

DOI: http://dx.doi.org/10.5089/9781484386644.002

ISBN: 9781484386644

Keywords: Mexico, Western Hemisphere

Mexico's economy has exhibited resilience in the face of a complex external environment. The current administration has responded appropriately to the recent external shocks and demonstrated its commitment to macro...

Mexico
			: Selected Issues

Mexico : Selected Issues »

Volume/Issue: 2018/308

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

DOI: http://dx.doi.org/10.5089/9781484383711.002

ISBN: 9781484383711

Keywords: Labor markets, Informal sector, Minimum wages, Wage policy, Productivity, Income inequality, Selected issues

This Selected Issues paper on Mexico documents the composition, trends, and labor market implications of informality using data from the National Employment Survey (ENOE). Over half of the employed population has i...

Mexico
			: 2018 Article IV Consultation-Press Release; Staff Report; and Staff Statement

Mexico : 2018 Article IV Consultation-Press Release; Staff Report; and Staff Statement »

Volume/Issue: 2018/307

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

DOI: http://dx.doi.org/10.5089/9781484383667.002

ISBN: 9781484383667

Keywords: Mexico, Western Hemisphere

A new political landscape is shaping up in Mexico following the July elections. President-elect López Obrador has promised to reduce corruption and crime, and boost social spending and public investment, while main...

The Price and Welfare Effects of The Value-Added Tax: Evidence from Mexico

The Price and Welfare Effects of The Value-Added Tax: Evidence from Mexico »

Volume/Issue: 2018/240

Series: IMF Working Papers

Author(s): Rodrigo Mariscal , and Alejandro Werner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

DOI: http://dx.doi.org/10.5089/9781484381632.001

ISBN: 9781484381632

Keywords: Western Hemisphere, Mexico, Value-Added Tax, Tax Incidence, Economic Welfare, Inflation Pass-Through, Difference-in-differences, Incidence, Models with Panel Data

In this paper we analyze the incidence of the VAT and its effects on the income distribution. To identify these effects, we rely on two tax reforms undertaken in Mexico that increased the VAT rate for a group of ci...

Mexico
			: Fiscal Transparency Evaluation

Mexico : Fiscal Transparency Evaluation »

Volume/Issue: 2018/289

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 October 2018

DOI: http://dx.doi.org/10.5089/9781484379820.002

ISBN: 9781484379820

Keywords: Fiscal transparency, Economic forecasting, Budgeting, Fiscal reporting, Risk management, Revenues

This Fiscal Transparency Evaluation (FTE) report assesses Mexico's fiscal transparency practices against the IMF's Fiscal Transparency Code (FTC), including the draft pillar on resource revenue management. Mexico s...

How Do Migration and Remittances Affect Inequality? A Case Study of Mexico

How Do Migration and Remittances Affect Inequality? A Case Study of Mexico »

Volume/Issue: 2018/136

Series: IMF Working Papers

Author(s): Zsoka Koczan , and Franz Loyola

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 June 2018

DOI: http://dx.doi.org/10.5089/9781484361634.001

ISBN: 9781484361634

Keywords: Western Hemisphere, Mexico, Migration, Remittances, inequality, Firm Behavior, International Lending and Debt Problems

The poverty-reducing effects of remittances have been well-documented, however, their effects on inequality are less clear. This paper examines the impact of remittances on inequality in Mexico using household-leve...

Resource Misallocation and Productivity: Evidence from Mexico

Resource Misallocation and Productivity: Evidence from Mexico »

Volume/Issue: 2018/112

Series: IMF Working Papers

Author(s): Florian Misch , and Christian Saborowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2018

DOI: http://dx.doi.org/10.5089/9781484353578.001

ISBN: 9781484353578

Keywords: Western Hemisphere, Mexico, Resource Misallocation; Productivity; Distortions, Resource Misallocation, Productivity, Distortions Author&;amp;#x2019;s, Microeconomic Analyses of Economic Development

This paper explores the role for specific structural distortions in explaining Mexico's weak productivity growth through the resource misallocation channel. The paper makes two contributions. First, we validate the...

A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean

A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean »

Volume/Issue: 2018/94

Series: IMF Working Papers

Author(s): Antonio David , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 April 2018

DOI: http://dx.doi.org/10.5089/9781484353059.001

ISBN: 9781484353059

Keywords: Mexico, Paraguay, Peru, Taxation, Uruguay, Western Hemisphere, Argentina, Fiscal policy, Guatemala, Jamaica

This paper presents a new database of fiscal consolidations for 14 Latin American and Caribbean economies during 1989-2016. We focus on discretionary changes in taxes and government spending primarily motivated by...

Welfare Gains from Market Insurance: The Case of Mexican Oil Price Risk

Welfare Gains from Market Insurance: The Case of Mexican Oil Price Risk »

Volume/Issue: 2018/35

Series: IMF Working Papers

Author(s): Chang Ma , and Fabian Valencia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 March 2018

DOI: http://dx.doi.org/10.5089/9781484344163.001

ISBN: 9781484344163

Keywords: Sovereign debt, Mexico, Hedging, Western Hemisphere, Default, Commodity exporters, General

Over the past two decades, Mexico has hedged oil price risk through the purchase of put options. We examine the resulting welfare gains using a standard sovereign default model calibrated to Mexican data. We show t...

Mexico
			: Detailed Assessment Report-Anti-Money Laundering and Combating the Financing of Terrorism

Mexico : Detailed Assessment Report-Anti-Money Laundering and Combating the Financing of Terrorism »

Volume/Issue: 2017/405

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 January 2018

DOI: http://dx.doi.org/10.5089/9781484335482.002

ISBN: 9781484335482

Keywords: Financial Sector Assessment Program, Anti-money laundering, Combating the financing of terrorism, Corruption, Tax evasion, Mexico

This report provides a summary of the anti-money laundering/combating the financing of terrorism (AML/CFT) measures in place in Mexico. Mexico has a mature AML/CFT regime, with a correspondingly well-developed lega...

Mexico
			: Report on the Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)

Mexico : Report on the Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) »

Volume/Issue: 2017/406

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 January 2018

DOI: http://dx.doi.org/10.5089/9781484335543.002

ISBN: 9781484335543

Keywords: Reports on the Observance of Standards and Codes, Anti-money laundering, Combating the financing of terrorism, Corruption, Tax evasion, Mexico, Money laundering, Economic reforms, FIU, beneficial owner

This report evaluates the observance of standards and codes on Financial Action Task Force recommendations for anti-money laundering and combating the financing of terrorism (AML/CFT) in Mexico. Mexico has a mature...

Adequacy of the Global Financial Safety Net-Review of the Flexible Credit Line and Precautionary and Liquidity Line, and Proposals for Toolkit Reform-Revised Proposals

Adequacy of the Global Financial Safety Net-Review of the Flexible Credit Line and Precautionary and Liquidity Line, and Proposals for Toolkit Reform-Revised Proposals »

Volume/Issue: 2017/068

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Finance Dept.;International Monetary Fund. Legal Dept.;International Monetary Fund. Policy Development and Review Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 December 2017

DOI: http://dx.doi.org/10.5089/9781498346153.007

ISBN: 9781498346153

Keywords: Financial safety nets, Lines of credit, Forward commitment capacity, Liquidity, Balance of payments need, FCL, PLL, credit line, SLS, toolkit

in the Fund's work stream on the Adequacy of the Global Financial Safety Net (GFSN). The paper follows the Executive Board's discussion of the Adequacy of the Global Financial Safety Net-Review of the Flexible Cred...

Mexico
			: Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release and Staff Report

Mexico : Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release and Staff Report »

Volume/Issue: 2017/355

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 November 2017

DOI: http://dx.doi.org/10.5089/9781484330821.002

ISBN: 9781484330821

Keywords: Flexible Credit Line, Fiscal policy, External shocks, Stress testing, Public debt, Fund liquidity, Extended arrangement cancellations, Economic indicators, Balance of payments statistics, Debt sustainability analysis

This paper discusses Mexico's Arrangement Under the Flexible Credit Line (FCL) and Cancellation of Current Arrangement. Mexico continues to face significant uncertainty regarding the pace and outcome of the negotia...

Mexico
			: 2017 Article IV Consultation-Press Release; and Staff Report

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

Volume/Issue: 2017/346

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2017

DOI: http://dx.doi.org/10.5089/9781484327586.002

ISBN: 9781484327586

Keywords: Mexico, Western Hemisphere

This 2017 Article IV Consultation highlights the Mexican economy's resilience in the face of a complex external environment. Output has continued to grow at a moderate pace while inflation has temporarily risen abo...

Mexico
			: Selected Issues and Analytical Notes

Mexico : Selected Issues and Analytical Notes »

Volume/Issue: 2017/347

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2017

DOI: http://dx.doi.org/10.5089/9781484327647.002

ISBN: 9781484327647

Keywords: Fiscal reforms, Oil production, Energy sector, Labor market reforms, Resource allocation, Productivity, Selected issues, Mexico

This Selected Issues paper assesses the economic impact of Mexico's structural reforms. The Mexican authorities have been implementing an ambitious structural reform agenda in a coordinated effort to lift productiv...

Mexico
			: Review Under the Flexible Credit Line-Press Release; Staff Report

Mexico : Review Under the Flexible Credit Line-Press Release; Staff Report »

Volume/Issue: 2017/129

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2017

DOI: http://dx.doi.org/10.5089/9781484301364.002

ISBN: 9781484301364

Keywords: Mexico, Western Hemisphere

This paper discusses Mexico's Review under the Flexible Credit Line. Mexico's very strong policies and policy frameworks have helped it navigate successfully a complex external environment characterized by the heig...

Financial Integration in Latin America
			: A New Strategy for a New Normal

Financial Integration in Latin America : A New Strategy for a New Normal »

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

DOI: http://dx.doi.org/10.5089/9781513520247.071

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

With growth slowing across much of the Latin America as a result of the end of the commodity supercycle and economic rebalancing in China, as well as fragmentation of the international banking system, policies to s...

Cluster Report
			: Trade Integration in Latin America and the Caribbean

Cluster Report : Trade Integration in Latin America and the Caribbean »

Volume/Issue: 2017/66

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2017

DOI: http://dx.doi.org/10.5089/9781475586015.002

ISBN: 9781475586015

Keywords: Puerto Rico, Suriname, Peru, Trinidad and Tobago, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica

This Cluster Report explores opportunities for trade integration in the Latin America and the Caribbean region. It finds that the region can reap significant growth benefits from further trade integration. With tra...

Spillovers from U.S. Monetary Policy Normalization on Brazil and Mexico's Sovereign Bond Yields

Spillovers from U.S. Monetary Policy Normalization on Brazil and Mexico's Sovereign Bond Yields »

Volume/Issue: 2017/50

Series: IMF Working Papers

Author(s): Carlos Góes , Herman Kamil , Phil De Imus , Mercedes Garcia-Escribano , Roberto Perrelli , Shaun Roache , and Jeremy Zook

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2017

DOI: http://dx.doi.org/10.5089/9781475586077.001

ISBN: 9781475586077

Keywords: Western Hemisphere, Brazil, Mexico, QE, tapering, local-currency sovereign bond yields, vector error correction models, General

This paper examines the transmission of changes in the U.S. monetary policy to localcurrency sovereign bond yields of Brazil and Mexico. Using vector error-correction models, we find that the U.S. 10-year bond yiel...

Financial Deepening in Mexico

Financial Deepening in Mexico »

Volume/Issue: 2017/19

Series: IMF Working Papers

Author(s): Alexander Herman , and Alexander Klemm

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 January 2017

DOI: http://dx.doi.org/10.5089/9781475572926.001

ISBN: 9781475572926

Keywords: Credit, Mexico, Financial sector, Banks, Credit expansion, Financial intermediation, Business cycles, Mexico; Credit gap; credit growth; financial development.

International comparisons reveal that-even controlling for a host of explanatory factors-credit depth is exceptionally low in Mexico. Using panel data methods linking credit growth and fundamentals, this paper esti...

Mexico
			: Financial System Stability Assessment

Mexico : Financial System Stability Assessment »

Volume/Issue: 2016/361

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2016

DOI: http://dx.doi.org/10.5089/9781475556384.002

ISBN: 9781475556384

Keywords: Financial system stability assessment, Financial sector, Banks, Nonbank financial sector, Financial institutions, Bank supervision, Financial safety nets, Deposit insurance, Stress testing, Economic indicators

This paper discusses the findings and recommendations made in the Financial System Stability Assessment for Mexico. Mexico's economic fundamentals are strong. The medium-term outlook for the Mexican economy foresee...

Mexico
			: Selected Issues

Mexico : Selected Issues »

Volume/Issue: 2016/360

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2016

DOI: http://dx.doi.org/10.5089/9781475556032.002

ISBN: 9781475556032

Keywords: Economic conditions, Capital flows, Bonds, Monetary policy, Interest rates on loans, Interest rates on deposits, Monetary transmission mechanism, Welfare, Selected Issues Papers, Mexico

This Selected Issues paper analyzes transmission of monetary policy rates to lending and deposit rates in Mexico. The results show that transmission of the policy rate to market rates is statistically significant i...

Mexico
			: 2016 Article IV Consultation-Press Release; Staff Report; and Informational Annex

Mexico : 2016 Article IV Consultation-Press Release; Staff Report; and Informational Annex »

Volume/Issue: 2016/359

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2016

DOI: http://dx.doi.org/10.5089/9781475556025.007

ISBN: 9781475556025

Keywords: Article IV consultation reports, Economic growth, Public debt, Fiscal policy, Labor markets, Women, Monetary policy, Financial sector, Financial stability, Debt sustainability analysis

This 2016 Article IV Consultation highlights that Mexico has navigated successfully a complex external environment, characterized by heightened global financial-market volatility. The economy continues to grow at a...

Western Hemisphere
			: A Survey of Gender Budgeting Efforts

Western Hemisphere : A Survey of Gender Budgeting Efforts »

Volume/Issue: 2016/153

Series: IMF Working Papers

Author(s): Lucía Pérez Fragoso , and Corina Rodríguez Enríquez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 July 2016

DOI: http://dx.doi.org/10.5089/9781475520040.001

ISBN: 9781475520040

Keywords: Gender budgeting, fiscal policy and administration, Latin America, gender inequality

Gender budgeting is an approach to fiscal policy and administration that integrates considerations of women's equality and advancement into the budget. Latin American countries have undertaken diverse gender budget...

Mexico
			: Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press release and Staff Report

Mexico : Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press release and Staff Report »

Volume/Issue: 2016/137

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 May 2016

DOI: http://dx.doi.org/10.5089/9781475556865.002

ISBN: 9781475556865

Keywords: monetary fund, credit line, inflation, liquidity, debt

This paper discusses recent economic developments, outlook, and risks in the economy of Mexico. The economy continues to grow at a moderate pace. Growth reached 21/2 percent in 2015 and is projected to remain at a...

Leading Indicators of Fiscal Distress

Leading Indicators of Fiscal Distress »

Volume/Issue: 2016/28

Series: IMF Working Papers

Author(s): Martin Bruns , and Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 February 2016

DOI: http://dx.doi.org/10.5089/9781475594799.001

ISBN: 9781475594799

Keywords: fiscal distress, extreme bound analysis, debt, currency, inflation, emerging economies, default, Studies of Particular Policy Episodes, General Outlook and Conditions, Forecasting and Simulation

Early warning systems (EWS) are widely used for assessing countries’ vulnerability to fiscal distress. Most EWS employ a specific set of only fiscal leading indicators predetermined by the researchers, which casts...

Government Spending Effects in Low-income Countries

Government Spending Effects in Low-income Countries »

Volume/Issue: 2015/286

Series: IMF Working Papers

Author(s): Wenyi Shen , Susan Yang , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 December 2015

DOI: http://dx.doi.org/10.5089/9781513578972.001

ISBN: 9781513578972

Keywords: Fiscal Policy, Low-income Countries, Public Investment, Fiscal Multipliers, Small Open DSGE Models, Aid, investment, government spending, exchange rate, exchange

Despite the voluminous literature on fiscal policy, very few papers focus on low-income countries (LICs). This paper develops a new-Keynesian small open economy model to show, analytically and through simulations,...

Mexico
			: Review Under the Flexible Credit Line Arrangement-Press Release; and Staff Report

Mexico : Review Under the Flexible Credit Line Arrangement-Press Release; and Staff Report »

Volume/Issue: 2015/322

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 November 2015

DOI: http://dx.doi.org/10.5089/9781513503158.002

ISBN: 9781513503158

Keywords: debt, monetary fund, credit line, public debt, market

This paper discusses Mexico's Review Under the Flexible Credit Line (FCL) Arrangement. Mexico has navigated successfully a complex external environment, characterized by falling commodity prices, a sharp appreciati...

Capital Account Liberalization and Inequality

Capital Account Liberalization and Inequality »

Volume/Issue: 2015/243

Series: IMF Working Papers

Author(s): Davide Furceri , and Prakash Loungani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 November 2015

DOI: http://dx.doi.org/10.5089/9781513531083.001

ISBN: 9781513531083

Keywords: Inequality, Capital Account Openness, Crises, Institutions, capital account, liberalization, capital account liberalization, standard deviations, Macroeconomic Analyses of Economic Development, All Countries

This paper examines the distributional impact of capital account liberalization. Using panel data for 149 countries from 1970 to 2010, we find that, on average, capital account liberalization reforms increase inequ...

Mexico
			: 2015 Article IV Consultation-Press Release; and Staff Report

Mexico : 2015 Article IV Consultation-Press Release; and Staff Report »

Volume/Issue: 2015/313

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 November 2015

DOI: http://dx.doi.org/10.5089/9781513571324.002

ISBN: 9781513571324

Keywords: inflation, exchange, monetary fund, market, exchange rate

This 2015 Article IV Consultation highlights that the economy of Mexico has continued to grow at a moderate pace, and capital outflow pressures have been limited. The flexible exchange rate has helped the economy a...

Mexico
			: Selected Issues

Mexico : Selected Issues »

Volume/Issue: 2015/314

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 November 2015

DOI: http://dx.doi.org/10.5089/9781513593432.002

ISBN: 9781513593432

Keywords: fiscal, output, fiscal consolidation, output gap, fiscal multipliers

This Selected Issues paper analyzes fiscal multipliers in Mexico. Estimates of fiscal multipliers--obtained from state-level spending--fall within 0.6-0.7 after accounting for dynamic effects. However, the size of...

Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence

Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence »

Volume/Issue: 2015/226

Series: IMF Working Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2015

DOI: http://dx.doi.org/10.5089/9781513500805.001

ISBN: 9781513500805

Keywords: capital inflows, bonds, bond, return, domestic bonds, All Countries, apital inflows,

The workhorse open-economy macro model suggests that capital inflows are contractionary because they appreciate the currency and reduce net exports. Emerging market policy makers however believe that inflows lead t...

Regional Economic Outlook, October 2015: Western Hemisphere Department
			: Adjusting Under Pressure

Regional Economic Outlook, October 2015: Western Hemisphere Department : Adjusting Under Pressure »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 October 2015

DOI: http://dx.doi.org/10.5089/9781513575209.086

ISBN: 9781513575209

Keywords: Trade integration, Fiscal consolidation, Commodity prices, Exchange rate flexibility, interest, trade, exchange, interest rates, financial development

Economies in the Western Hemisphere are generally seeing a slowdown in growth. The U.S. economy regained momentum after a slow start at the beginning of the year, while in Latin America and the Caribbean economic a...

Perspectivas económicas regionales, octubre de 2015: Departamento del Hemisferio Occidental
			: Ajustando bajo presión

Perspectivas económicas regionales, octubre de 2015: Departamento del Hemisferio Occidental : Ajustando bajo presión »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 October 2015

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781513540610.086

ISBN: 9781513540610

Keywords: intereses, comercio, intercambio, tasa de interés, desarrollo financiero

....

Distribución directa de los ingresos provenientes de recursos naturales
			: ¿vale la pena considerarla?

Distribución directa de los ingresos provenientes de recursos naturales : ¿vale la pena considerarla? »

Volume/Issue: 2014/5

Series: Staff Discussion Notes

Author(s): Sanjeev Gupta , Alex Segura-Ubiergo , and Enrique Flores

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2015

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781513592626.006

ISBN: 9781513592626

Keywords: Recursos naturales, Ingreso, Distribución del ingreso, Política fiscal

Algunos académicos han sostenido que la distribución directa a la población de ingresos públicos provenientes de recursos naturales ayudaría a los países ricos en recursos naturales a escapar de la 'maldición de l...

Russian Federation
			: Selected Issues

Russian Federation : Selected Issues »

Volume/Issue: 2015/212

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2015

DOI: http://dx.doi.org/10.5089/9781513521893.002

ISBN: 9781513521893

Keywords: revenues, perpetuity, future, exchange

This Selected Issues paper analyzes Russia's fiscal framework and the oil-price shock. Russia has relied heavily on its abundant natural resource wealth to finance fiscal deficits since the global financial crisis...

Mexico
			: Report on the Observance of Standards and Codes (ROSC)-Data Module Volume I

Mexico : Report on the Observance of Standards and Codes (ROSC)-Data Module Volume I »

Volume/Issue: 2015/176

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 July 2015

DOI: http://dx.doi.org/10.5089/9781513583426.002

ISBN: 9781513583426

Keywords: data, information, users, inventories, metadata

This paper discusses key findings of the Report on the Observance of Standards and Codes-Data Module for Mexico. Despite the progress made and envisaged, there is scope for further improvement. The IMF staff missio...

Unveiling the Effects of Foreign Exchange Intervention
			: A Panel Approach

Unveiling the Effects of Foreign Exchange Intervention : A Panel Approach »

Volume/Issue: 2015/130

Series: IMF Working Papers

Author(s): Gustavo Adler , Noemie Lisack , and Rui Mano

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 June 2015

DOI: http://dx.doi.org/10.5089/9781513514864.001

ISBN: 9781513514864

Keywords: exchange rate, exchange, exchange rates, central bank,

We study the effect of foreign exchange intervention on the exchange rate relying on an instrumental-variables panel approach. We find robust evidence that intervention affects the level of the exchange rate in an...

Crime and the Economy in Mexican States
			: Heterogeneous Panel Estimates (1993-2012)

Crime and the Economy in Mexican States : Heterogeneous Panel Estimates (1993-2012) »

Volume/Issue: 2015/121

Series: IMF Working Papers

Author(s): Concha Verdugo Yepes , Peter Pedroni , and Xingwei Hu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 June 2015

DOI: http://dx.doi.org/10.5089/9781513541969.001

ISBN: 9781513541969

Keywords: Crime, Panel Structural VAR, homicides, homicide, security, crimes, Macroeconomic Analyses of Economic Development, Analysis of Growth, Development, and Changes

This paper studies the transmission of crime shocks to the economy in a sample of 32 Mexican states over the period from 1993 to 2012. The paper uses a panel structural VAR approach which accounts for the heterogen...

Domestic and Foreign Mutual Funds in Mexico
			: Do They Behave Differently?

Domestic and Foreign Mutual Funds in Mexico : Do They Behave Differently? »

Volume/Issue: 2015/104

Series: IMF Working Papers

Author(s): Jasmine Xiao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2015

DOI: http://dx.doi.org/10.5089/9781475589542.001

ISBN: 9781475589542

Keywords: herding, feedback trading, flows, foreign mutual funds, bond, domestic mutual funds, Portfolio Choice,

This paper utilizes a new dataset of foreign and domestic mutual funds in Mexico to assess their behavior and obtains three new findings. First, foreign mutual funds are more sensitive to global financial condition...

Perspectivas económicas, abril de 2015: Las Américas,
			: El Norte se recupera, el Sur aún espera

Perspectivas económicas, abril de 2015: Las Américas, : El Norte se recupera, el Sur aún espera »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781484318768.086

ISBN: 9781484318768

Keywords: América Latina; exportadores de materias primas; economías que dependen del turismo; América Central y la República Dominicana; economía finacieramente integradas

Perspectivas económicas: Las Américas, abril de 2015...

Fiscal Policy in Latin America
			: Lessons and Legacies of the Global Financial Crisis

Fiscal Policy in Latin America : Lessons and Legacies of the Global Financial Crisis »

Volume/Issue: 2015/6

Series: Staff Discussion Notes

Author(s): Oya Celasun , Francesco Grigoli , Keiko Honjo , Javier Kapsoli , Alexander Klemm , Bogdan Lissovolik , Jan Luksic , Marialuz Moreno Badia , Joana Pereira , Marcos Poplawski-Ribeiro , Baoping Shang , and Yulia Ustyugova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 April 2015

DOI: http://dx.doi.org/10.5089/9781498304412.006

ISBN: 9781498304412

Keywords: Fiscal policy, Latin America, fiscal institutions, debt, expenditure, financial crisis, Structure and Scope of Government, General, General, General,

Latin America's bold fiscal policy reaction to the global financial crisis was hailed as a sign that the region had finally overcome its procyclical fiscal past. However, most countries of the region have not yet r...

What has Capital Liberalization Meant for Economic and Financial Statistics

What has Capital Liberalization Meant for Economic and Financial Statistics »

Volume/Issue: 2015/88

Series: IMF Working Papers

Author(s): Robert Heath

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 April 2015

DOI: http://dx.doi.org/10.5089/9781475520965.001

ISBN: 9781475520965

Keywords: data dissmination standards, financial interconnections, capital flow, capital flows, investment, financial stability, monetary fund, General, financial interconnections.,

The liberalization of capital flows both in the domestic economy and cross-border has been among the most important policies adopted by IMF member countries over recent decades. The impact has been wide-ranging. Th...

Macroprudential Policy and Labor Market Dynamics in Emerging Economies

Macroprudential Policy and Labor Market Dynamics in Emerging Economies »

Volume/Issue: 2015/78

Series: IMF Working Papers

Author(s): Alan Finkelstein Shapiro , and Andres Gonzalez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2015

DOI: http://dx.doi.org/10.5089/9781475563641.001

ISBN: 9781475563641

Keywords: self-employment, labor search frictions, financial frictions, macroprudential policy, credit, capital, labor market, financing, Government Policy and Regulation, macroprudential policy.,

Emerging economies have high shares of self-employed individuals running owner-only firms who, in contrast to many salaried firms, have little access to formal financing and therefore rely on informal financing (in...

Made in Mexico
			: Energy Reform and Manufacturing Growth

Made in Mexico : Energy Reform and Manufacturing Growth »

Volume/Issue: 2015/45

Series: IMF Working Papers

Author(s): Jorge Alvarez , and Fabian Valencia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 February 2015

DOI: http://dx.doi.org/10.5089/9781498376426.001

ISBN: 9781498376426

Keywords: growth, energy reform, manufacturing output, gas, panel VAR, energy, prices, oil, Semiparametric and Nonparametric Methods, Cross-Sectional Models

This paper assesses the real effects of the energy reform in Mexico by looking at its impact on manufacturing output through changes in energy prices. Using sub-sector and state-level manufacturing output data, alo...

Flexible Credit Line--Operational Guidance Note

Flexible Credit Line--Operational Guidance Note »

Volume/Issue: 2015/008

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Finance Dept.;International Monetary Fund. Legal Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 February 2015

DOI: http://dx.doi.org/10.5089/9781498344524.007

ISBN: 9781498344524

Keywords: Access to Fund general resources, Conditionality, Flexible Credit Line, Precautionary and Liquidity Line, Transparency, Balance of payments need, Financial statements, Macroprudential policies and financial stability, Central banks, Economic policy

The Flexible Credit Line (FCL) was introduced as part of a package of reforms to the Fund's lending facilities in March 2009 and its design was further refined in August 2010 and in the 2014 Review of the policy. T...

Fiscal Policy Implications for Labor Market Outcomes in Middle-Income Countries

Fiscal Policy Implications for Labor Market Outcomes in Middle-Income Countries »

Volume/Issue: 2015/17

Series: IMF Working Papers

Author(s): Ara Stepanyan , and Lamin Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 January 2015

DOI: http://dx.doi.org/10.5089/9781484326800.001

ISBN: 9781484326800

Keywords: public and private employment, unemployment rate, wage premium, labor market, employment, labor, Labor Economics Policies,

Many governments have initiated public employment programs or expanded the existing ones in response to high unemployment. However, in many middle-income countries, a relatively large government coexists with persi...

Output Gap Uncertainty and Real-Time Monetary Policy

Output Gap Uncertainty and Real-Time Monetary Policy »

Volume/Issue: 2015/14

Series: IMF Working Papers

Author(s): Francesco Grigoli , Alexander Herman , Andrew Swiston , and Gabriel Di Bella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 January 2015

DOI: http://dx.doi.org/10.5089/9781498393454.001

ISBN: 9781498393454

Keywords: Output gap, policy rule, data revisions, real-time, uncertainty, inflation target, business cycle, output, future, Monetary Policy (Targets

Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in distinguishing between cycle and trend in real time. This is important given the central role in monetar...

Corporate Financing Trends and Balance Sheet Risks in Latin America

Corporate Financing Trends and Balance Sheet Risks in Latin America »

Volume/Issue: 2015/10

Series: IMF Working Papers

Author(s): Fabiano Rodrigues Bastos , Herman Kamil , and Bennett Sutton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2015

DOI: http://dx.doi.org/10.5089/9781498307802.001

ISBN: 9781498307802

Keywords: Bond issuance, corporate leverage, bond, debt, markets, issuance, Financial Markets and the Macroeconomy,

Easy global liquidity conditions, stronger risk appetite and a retrenchment in cross-border bank lending led to a surge in emerging market firms' bond issuance in international markets (what we term 'The Bon(d)anza...

Latin America
			: New Challenges to Growth and Stability

Latin America : New Challenges to Growth and Stability »

Series: Books

Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 2014

DOI: http://dx.doi.org/10.5089/9781498328166.071

ISBN: 9781498328166

Keywords: debt, commodity, fiscal policy, interest, growth

Over the past fifteen years countries in Latin America made tremendous progress in strengthening their economies and improving living standards. Although output fell temporarily during the global financial crisis,...

Global Monetary Tightening
			: Emerging Markets Debt Dynamics and Fiscal Crises

Global Monetary Tightening : Emerging Markets Debt Dynamics and Fiscal Crises »

Volume/Issue: 2014/215

Series: IMF Working Papers

Author(s): Julio Escolano , Christina Kolerus , and Constant Lonkeng Ngouana

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 December 2014

DOI: http://dx.doi.org/10.5089/9781475584691.001

ISBN: 9781475584691

Keywords: Debt dynamics, sovereign debt crisis, unconventional, debt, bond, interest, Monetary Policy (Targets, Instruments, and Effects), International Lending and Debt Problems

This paper finds that tightening global financial conditions can worsen emerging economies' public debt dynamics through an increasing interest rate-growth differential, particularly if coupled with high global ris...

Mexico
			: Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement

Mexico : Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement »

Volume/Issue: 2014/323

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2014

DOI: http://dx.doi.org/10.5089/9781498372817.002

ISBN: 9781498372817

Keywords: credit line, monetary fund, market, exchange, liquidity

This paper discusses Mexico's Request for Arrangement Under the Flexible Credit Line (FCL) and Cancellation of the Current Arrangement. Mexico's macroeconomic policies and policy frameworks remain very strong. Real...

Reforma de los subsidios a la energía
			: Lecciones e implicaciones

Reforma de los subsidios a la energía : Lecciones e implicaciones »

Series: Books

Author(s): Benedict Clements , David Coady , Stefania Fabrizio , Sanjeev Gupta , Trevor Alleyne , and Carlo Sdralevich

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 November 2014

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781484380109.071

ISBN: 9781484380109

Keywords: subsidios a la energía, subsidios, energía

Los subsidios a la energía tienen consecuencias económicas de amplio alcance. A pesar de que tienen por objeto proteger a los consumidores, los subsidios agravan los desequilibrios fiscales, desplazan gastos públic...

Slowdown in Emerging Markets
			: Sign of a Bumpy Road Ahead?

Slowdown in Emerging Markets : Sign of a Bumpy Road Ahead? »

Volume/Issue: 2014/205

Series: IMF Working Papers

Author(s): Evridiki Tsounta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2014

DOI: http://dx.doi.org/10.5089/9781498304719.001

ISBN: 9781498304719

Keywords: potential growth, emerging market economies, growth, growth rate, capital, tfp, labor, Macroeconomic Analyses of Economic Development,

Following very strong growth during the period 2000-12, emerging market economies (EMEs) experienced a slowdown in the last couple of years. This paper examines the supply-side drivers of the strong growth performa...

Mexico
			: Staff Report for the 2014 Article IV Consultation

Mexico : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/319

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 November 2014

DOI: http://dx.doi.org/10.5089/9781484399408.002

ISBN: 9781484399408

Keywords: inflation, investment, monetary fund, market

This 2014 Article IV Consultation highlights that after a sharp slowdown in 2013, growth in Mexico is projected to recover to 2.4 percent this year. The strong recovery in the United States in the second quarter of...

Mexico
			: Selected Issues

Mexico : Selected Issues »

Volume/Issue: 2014/320

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 November 2014

DOI: http://dx.doi.org/10.5089/9781498395434.002

ISBN: 9781498395434

Keywords: gas, energy, natural gas, oil, electricity

This Selected Issues paper analyzes the impact of Mexico's energy reform on hydrocarbons production. These reforms aim to increase oil and gas production by eliminating the state oil company's (PEMEX) monopoly on e...

Volatilidad en los mercados emergentes
			: Lecciones de mayo de 2013

Volatilidad en los mercados emergentes : Lecciones de mayo de 2013 »

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

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781513534459.006

ISBN: 9781513534459

Keywords: Mercados emergentes, volatilidad de los mercados de capital internacionales, flujos de capital, política monetaria, política macroprudencial, Estados Unidos, países desarrollados

Las políticas monetarias acomodaticias de las economías avanzadas han estimulado la entrada de capitales en los mercados emergentes desde la crisis financiera internacional. En un episodio que comenzó en mayo de 20...

Soaring of the Gulf Falcons
			: Diversification in the GCC Oil Exporters in Seven Propositions

Soaring of the Gulf Falcons : Diversification in the GCC Oil Exporters in Seven Propositions »

Volume/Issue: 2014/177

Series: IMF Working Papers

Author(s): Reda Cherif , and Fuad Hasanov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 September 2014

DOI: http://dx.doi.org/10.5089/9781498310642.001

ISBN: 9781498310642

Keywords: oil countries, growth, oil, exporters, oil exporters, oil exports, Exhaustible Resources and Economic Development,

A key priority for the Gulf Cooperation Council (GCC) countries is to create a dynamic non-oil tradable sector to support sustainable growth. Since export diversification takes a long time, it has to start now. We...

Optimal Maturity Structure of Sovereign Debt in Situation of Near Default

Optimal Maturity Structure of Sovereign Debt in Situation of Near Default »

Volume/Issue: 2014/168

Series: IMF Working Papers

Author(s): Gabriel Desgranges , and Celine Rochon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 September 2014

DOI: http://dx.doi.org/10.5089/9781498379779.001

ISBN: 9781498379779

Keywords: Long Term Debt, Maturity Structure, Optimal Default, Sovereign Debt Crisis, Uncertainty, debt portfolio, debt burden, sovereign debt, hedging, financial institutions

We study the relationship between default and the maturity structure of the debt portfolio of a Sovereign, under uncertainty. The Sovereign faces a trade-off between a future costly default and a high current fisca...

Public Investment as an Engine of Growth

Public Investment as an Engine of Growth »

Volume/Issue: 2014/148

Series: IMF Working Papers

Author(s): Andrew Warner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 August 2014

DOI: http://dx.doi.org/10.5089/9781498378277.001

ISBN: 9781498378277

Keywords: Public Capital, Big Push, public investment expenditures, capital expenditures, public investments, public investment spending, Infrastructures, General,

This paper looks at the empirical record whether big infrastructure and public capital drives have succeeded in accelerating economic growth in low-income countries. It looks at big long-lasting drives in public ca...

What is Behind Latin America's Declining Income Inequality?

What is Behind Latin America's Declining Income Inequality? »

Volume/Issue: 2014/124

Series: IMF Working Papers

Author(s): Evridiki Tsounta , and Anayochukwu Osueke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 July 2014

DOI: http://dx.doi.org/10.5089/9781498378581.001

ISBN: 9781498378581

Keywords: Gini, emerging economies, Kuznets, gini coefficient, kuznets curve, declining inequality, Personal Income and Wealth Distribution, Equity, Justice, Inequality

Income inequality in Latin America has declined during the last decade, in contrast to the experience in many other emerging and developed regions. However, Latin America remains the most unequal region in the worl...

Tax Buoyancy in OECD Countries

Tax Buoyancy in OECD Countries »

Volume/Issue: 2014/110

Series: IMF Working Papers

Author(s): Vincent Belinga , Dora Benedek , Ruud A. Mooij , and John Norregaard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 June 2014

DOI: http://dx.doi.org/10.5089/9781498305075.001

ISBN: 9781498305075

Keywords: Tax buoyancy, Error Correction Model, total tax revenue, tax revenues, Forecasts of Budgets, Deficits, and Debt,

By how much will faster economic growth boost government revenue? This paper estimates short- and long-run tax buoyancy in OECD countries between 1965 and 2012. We find that, for aggregate tax revenues, short-run t...

Optimal Prudential Regulation of Banks and the Political Economy of Supervision

Optimal Prudential Regulation of Banks and the Political Economy of Supervision »

Volume/Issue: 2014/90

Series: IMF Working Papers

Author(s): Thierry Tressel , and Thierry Verdier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2014

DOI: http://dx.doi.org/10.5089/9781498338554.001

ISBN: 9781498338554

Keywords: Banking Regulation, banking, capital adequacy, banking supervision, capital adequacy ratio, General, Financial Markets and the Macroeconomy,

We consider a moral hazard economy in banks and production to study how incentives for risk taking are affected by the quality of supervision. We show that low interest rates may generate excessive risk taking. Bec...

Perspectivas económicas regionales, abril de 2014: Departamento del Hemisferio Occidental

Perspectivas económicas regionales, abril de 2014: Departamento del Hemisferio Occidental »

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2014

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781484346129.086

ISBN: 9781484346129

Los cinco informes sobre las perspectivas económicas regionales (informes REO) que el FMI publica semestralmente abarcan Asia y el Pacífico, Europa, Oriente Medio y Asia Central, África sub-sahariana y las Américas...

Regional Economic Outlook, May 2014, Western Hemisphere

Regional Economic Outlook, May 2014, Western Hemisphere »

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2014

DOI: http://dx.doi.org/10.5089/9781484360118.086

ISBN: 9781484360118

Keywords: bond yields, bond, fiscal policy, commodity prices, commodity exporters

The five Regional Economic Outlooks published biannually by the IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent econo...

Comparing the Performance of Logit and Probit Early Warning Systems for Currency Crises in Emerging Market Economies

Comparing the Performance of Logit and Probit Early Warning Systems for Currency Crises in Emerging Market Economies »

Volume/Issue: 2014/65

Series: IMF Working Papers

Author(s): Fabio Comelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 April 2014

DOI: http://dx.doi.org/10.5089/9781484355282.001

ISBN: 9781484355282

Keywords: out-of-sample performance, currency crisis, crisis episodes, global financial crisis, General, out-of-sample performance.,

We compare how logit (fixed effects) and probit early warning systems (EWS) predict insample and out-of-sample currency crises in emerging markets (EMs). We look at episodes of currency crises that took place in 29...

Fiscal Policy in Latin America over the Cycle

Fiscal Policy in Latin America over the Cycle »

Volume/Issue: 2014/59

Series: IMF Working Papers

Author(s): Alexander Klemm

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2014

DOI: http://dx.doi.org/10.5089/9781475516470.001

ISBN: 9781475516470

Keywords: business cycle, Latin America, fiscal balance, tax rates, government spending, fiscal balances, General, Deficit, Latin America.,

This paper provides an analysis of the cyclical stance of fiscal policy in Latin America. Its contributions include developing a new measure of the cyclicality of fiscal policy, careful analysis of the statistical...

Global Financial Shocks and Foreign Asset Repatriation
			: Do Local Investors Play a Stabilizing Role?

Global Financial Shocks and Foreign Asset Repatriation : Do Local Investors Play a Stabilizing Role? »

Volume/Issue: 2014/60

Series: IMF Working Papers

Author(s): Gustavo Adler , Marie-Louise Djigbenou , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2014

DOI: http://dx.doi.org/10.5089/9781484353349.001

ISBN: 9781484353349

Keywords: gross capital flows, foreign assets, global financial shocks, capital inflows, net capital, net capital flows, capital outflows, General, Open Economy Macroeconomics,

We study the dynamic response of gross capital flows in emerging market economies to different global financial shocks, using a panel vector-autoregressive (PVAR) setting. Our focus lies primarily on the potentiall...

Tracking Global Demand for Emerging Market Sovereign Debt

Tracking Global Demand for Emerging Market Sovereign Debt »

Volume/Issue: 2014/39

Series: IMF Working Papers

Author(s): Serkan Arslanalp , and Takahiro Tsuda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2014

DOI: http://dx.doi.org/10.5089/9781484326541.001

ISBN: 9781484326541

Keywords: Portfolio Choice, Investment Decisions, government debt, central bank, external funding, central banks, Finance, Portfolio Choice and Investment Decisions,

This paper proposes an approach to track US$1 trillion of emerging market government debt held by foreign investors in local and hard currency, based on a similar approach that was used for advanced ec...

Redistribution, Inequality, and Growth

Redistribution, Inequality, and Growth »

Volume/Issue: 2014/2

Series: Staff Discussion Notes

Author(s): Jonathan Ostry , Andrew Berg , and Charalambos Tsangarides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 February 2014

DOI: http://dx.doi.org/10.5089/9781484352076.006

ISBN: 9781484352076

Keywords: Redistribution, Inequality, Growth, gini, redistributive transfers, income distribution, dependent variable, gini coefficient, and Growth,

The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for considering inequality and an inabi...

The Special Data Dissemination Standard
			: Guide for Subscribers and Users

The Special Data Dissemination Standard : Guide for Subscribers and Users »

Series: Manuals & Guides

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 December 2013

DOI: http://dx.doi.org/10.5089/9781484303658.069

ISBN: 9781484303658

Keywords: sdds, metadata, external debt, reserve assets, balance of payments

The International Monetary Fund (IMF) launched the data standards initiatives to enhance member countries' data transparency and to promote their development of sound statistical systems. The need for data standard...

Mexico
			: 2013 Review Under the Flexible Credit Line Arrangement

Mexico : 2013 Review Under the Flexible Credit Line Arrangement »

Volume/Issue: 2013/335

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 November 2013

DOI: http://dx.doi.org/10.5089/9781475523997.002

ISBN: 9781475523997

Keywords: current account, debt sustainability, current account balance

This paper discusses Mexico' Review Under the Flexible Credit Line (FCL) Arrangement. Significant progress has been made in advancing far-reaching structural reforms, signaling Mexico's commitment to address deep-r...

Mexico
			: Selected Issues

Mexico : Selected Issues »

Volume/Issue: 2013/333

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 November 2013

DOI: http://dx.doi.org/10.5089/9781475522389.002

ISBN: 9781475522389

Keywords: public debt, fiscal framework, fiscal rule, fiscal rules

This Selected Issues paper analyzes reforms to Mexico's fiscal framework. Mexico's resilient economic performance would be consolidated by increasing fiscal policy buffers and preparing for challenges associated wi...

Mexico
			: Staff Report for the 2013 Article IV Consultation

Mexico : Staff Report for the 2013 Article IV Consultation »

Volume/Issue: 2013/334

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 November 2013

DOI: http://dx.doi.org/10.5089/9781475541380.002

ISBN: 9781475541380

Keywords: bond, bond issuances, financial markets, financial system

This 2013 Article IV Consultation highlights that over the past year, Mexico has maintained macroeconomic policy continuity, while pursuing an ambitious agenda of growth-enhancing reforms. Reforms have already been...

Mexico
			: Report on the Observance of Standards and Codes-Data Module

Mexico : Report on the Observance of Standards and Codes-Data Module »

Volume/Issue: 2013/329

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 November 2013

DOI: http://dx.doi.org/10.5089/9781475515848.002

ISBN: 9781475515848

Keywords: rosc, consumer price index, standards and codes, expenditure data

This Report on the Observance of Standards and Codes (ROSC) Data Module provides an assessment of Mexico's macroeconomic statistics against the Special Data Dissemination Standard (SDDS) complemented by an assessme...

Sudden stops, time inconsistency, and the duration of sovereign debt

Sudden stops, time inconsistency, and the duration of sovereign debt »

Volume/Issue: 2013/174

Series: IMF Working Papers

Author(s): Juan Carlos Hatchondo , and Leonardo Martinez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2013

DOI: http://dx.doi.org/10.5089/9781475586176.001

ISBN: 9781475586176

Keywords: time inconsistency, debt maturity, bond, bonds, sovereign default, bond price, International Lending and Debt Problems, Open Economy Macroeconomics,

We study the sovereign debt duration chosen by the government in the context of a standard model of sovereign default. The government balances off increasing the duration of its debt to mitigate rollover risk and l...

Local Currency Bond Markets - A Diagnostic Framework

Local Currency Bond Markets - A Diagnostic Framework »

Volume/Issue: 2013/061

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 July 2013

DOI: http://dx.doi.org/10.5089/9781498341523.007

ISBN: 9781498341523

Keywords: Bond markets, Corporate sector, Currencies, Fiscal policy, Monetary policy, Money markets, Public sector, Access to international capital markets, Financial crises, Financial regulation and supervision

In November 2011, the G-20 endorsed an action plan to support the development of local currency bond markets (LCBM). International institutions-the IMF, the World Bank, the EBRD, and the OECD-were asked to draw on...

Comparing Parametric and Non-parametric Early Warning Systems for Currency Crises in Emerging Market Economies

Comparing Parametric and Non-parametric Early Warning Systems for Currency Crises in Emerging Market Economies »

Volume/Issue: 2013/134

Series: IMF Working Papers

Author(s): Fabio Comelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 May 2013

DOI: http://dx.doi.org/10.5089/9781484300589.001

ISBN: 9781484300589

Keywords: emerging markets., foreign exchange reserves, exchange reserves, exchange rate

The purpose of this paper is to compare in-sample and out-of-sample performances of three parametric and non-parametric early warning systems (EWS) for currency crises in emerging market economies (EMs). The parame...

Is the Growth Momentum in Latin America Sustainable?

Is the Growth Momentum in Latin America Sustainable? »

Volume/Issue: 2013/109

Series: IMF Working Papers

Author(s): Sebastian Sosa , Evridiki Tsounta , and Hye Kim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2013

DOI: http://dx.doi.org/10.5089/9781484326855.001

ISBN: 9781484326855

Keywords: potential growth, tfp, output growth, growth rate, gdp growth, growth rates, Macroeconomic Analyses of Economic Development,

A favorable external environment coupled with prudent policies fostered output growth in most of Latin America during the last decade. But, what were the drivers of this strong growth performance from the supply si...

Credit Growth in Latin America
			: Financial Development or Credit Boom?

Credit Growth in Latin America : Financial Development or Credit Boom? »

Volume/Issue: 2013/106

Series: IMF Working Papers

Author(s): Niels-Jakob Harbo Hansen , and Olga Sulla

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2013

DOI: http://dx.doi.org/10.5089/9781484390627.001

ISBN: 9781484390627

Keywords: Credit boom, financial development, panel co-integration, banking, banking sector, banking crisis, banking crises, bank equity,

Banking credit to the private sector in Latin America has on average increased by 7 percent of GDP from primo 2004 to ultimo 2011, with real credit in some countries growing by up to 20 percent per year. This paper...

The Dynamic Effect of Social and Political Instability on Output
			: The Role of Reforms

The Dynamic Effect of Social and Political Instability on Output : The Role of Reforms »

Volume/Issue: 2013/91

Series: IMF Working Papers

Author(s): Lorenzo E. Bernal-Verdugo , Davide Furceri , and Dominique Guillaume

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 April 2013

DOI: http://dx.doi.org/10.5089/9781484381687.001

ISBN: 9781484381687

Keywords: Economic models, Economic growth, Fiscal reforms, Political economy, social conflicts, reforms, crisis, growth, governance, social instability

The aim of this paper is to analyze the dynamic effect of social and political instability on output. Using a panel of up to 183 countries from 1980 to 2010, the results of the paper suggest that social conflicts h...

Too Cold, Too Hot, or Just Right? Assessing Financial Sector Development Across the Globe

Too Cold, Too Hot, or Just Right? Assessing Financial Sector Development Across the Globe »

Volume/Issue: 2013/81

Series: IMF Working Papers

Author(s): Adolfo Barajas , Thorsten Beck , Era Dabla-Norris , and Reza Yousefi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 March 2013

DOI: http://dx.doi.org/10.5089/9781484351086.001

ISBN: 9781484351086

Keywords: Financial Development, Financial Sector Policies, Benchmarking, financial system, financial systems, financial sector, financial reform, stock market, Financial Markets and the Macroeconomy, Monetary Policy (Targets

This paper introduces the concept of the financial possibility frontier as a constrained optimum level of financial development to gauge the relative performance of financial systems across the globe. This frontier...

Factors Influencing Emerging Market Central Banks' Decision to Intervene in Foreign Exchange Markets

Factors Influencing Emerging Market Central Banks' Decision to Intervene in Foreign Exchange Markets »

Volume/Issue: 2013/70

Series: IMF Working Papers

Author(s): Matthew Malloy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 2013

DOI: http://dx.doi.org/10.5089/9781475532814.001

ISBN: 9781475532814

Keywords: exchange rate, reserve adequacy, foreign exchange reserves, exchange reserves

Using panel data for 15 economies from 2001-12, I identify determinants of central bank foreign exchange intervention in emerging markets ('EMs') with flexible to moderately managed exchange rates. Similar to other...

Finance & Development, March 2013

Finance & Development, March 2013 »

Volume/Issue: 50/1

Series: Finance & Development

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2013

DOI: http://dx.doi.org/10.5089/9781475542684.022

ISBN: 9781475542684

Keywords: photography, copyright, press, periodicals

Two years ago, citizens in the Arab world-fired by their ideals and visions of a better life-ignited a social movement that inspired people around the globe. In Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen-the...

International Reserves and Rollover Risk

International Reserves and Rollover Risk »

Volume/Issue: 2013/33

Series: IMF Working Papers

Author(s): Javier Bianchi , Juan Carlos Hatchondo , and Leonardo Martinez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 January 2013

DOI: http://dx.doi.org/10.5089/9781475571295.001

ISBN: 9781475571295

Keywords: rollover risk, sovereign default, gross capital flows, reserve accumulation, reserve holdings, bonds, bond, International Lending and Debt Problems, Open Economy Macroeconomics,

Two striking facts about international capital flows in emerging economies motivate this paper: (1) Governments hold large amounts of international reserves, for which they obtain a return lower than their borrowin...

External Conditions and Debt Sustainability in Latin America

External Conditions and Debt Sustainability in Latin America »

Volume/Issue: 2013/27

Series: IMF Working Papers

Author(s): Gustavo Adler , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 January 2013

DOI: http://dx.doi.org/10.5089/9781475588835.001

ISBN: 9781475588835

Keywords: debt dynamics, debt ratios, Time-Series Models, Open Economy Macroeconomics, Forecasting and Simulation, Deficit,

Highly favorable external conditions have helped Latin America strengthen its economic fundamentals over the last decade. But, has the region built enough buffers to guard itself from a weakening of the external en...

Financial Crises  Explanations, Types, and Implications

Financial Crises Explanations, Types, and Implications »

Volume/Issue: 2013/28

Series: IMF Working Papers

Author(s): Stijn Claessens , and Ayhan Kose

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 January 2013

DOI: http://dx.doi.org/10.5089/9781475561005.001

ISBN: 9781475561005

Keywords: debt crises, defaults, policy implications, financial restructuring, asset booms, crises prediction, International Business Cycles, General, crises prediction.,

This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlig...

Income Mobility and Welfare

Income Mobility and Welfare »

Volume/Issue: 2013/24

Series: IMF Working Papers

Author(s): Tom Krebs , Pravin Krishna , and William Maloney

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2013

DOI: http://dx.doi.org/10.5089/9781475551433.001

ISBN: 9781475551433

Keywords: income mobility, labor market risk, social welfare, parameters, labor income, income process, income data, individual incomes, Institutions and the Macroeconomy, General,

This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare. Individual income is assumed to follow a stochastic process with two (unobserved) components, an i....

Regionalization vs. Globalization

Regionalization vs. Globalization »

Volume/Issue: 2013/19

Series: IMF Working Papers

Author(s): Hideaki Hirata , Ayhan Kose , and Christopher Otrok

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2013

DOI: http://dx.doi.org/10.5089/9781557753281.001

ISBN: 9781557753281

Keywords: Comovement, Synchronization, Trade linkages, Financial linkages, business cycle, business cycle synchronization, regional trade, global trade, Bayesian Analysis, Time-Series Models

Abstract: Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution o...

Government Cash Management
			: Relationship between the Treasury and the Central Bank

Government Cash Management : Relationship between the Treasury and the Central Bank »

Volume: 12

Series: Technical Notes and Manuals

Author(s): Mario Pessoa , and Michael Williams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 January 2013

DOI: http://dx.doi.org/10.5089/9781616355487.005

ISBN: 9781616355487

Keywords: Central banks and their policies, Central bank, debt management, fiscal policy, monetary policy, public finance, public financial management, treasury, treasury single account, debt

This technical note and manual (TNM) addresses the following main issues: Interaction between treasury cash management and monetary policy operations within the wider context of the respective economic responsibili...

Connected to Whom? International Interbank Borrowing During the Global Crisis

Connected to Whom? International Interbank Borrowing During the Global Crisis »

Volume/Issue: 2013/14

Series: IMF Working Papers

Author(s): Kalin Tintchev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2013

DOI: http://dx.doi.org/10.5089/9781475542028.001

ISBN: 9781475542028

Keywords: counterparty risk, financial interconnectedness, banking, banking system, credit risk, General, International Lending and Debt Problems, Open Economy Macroeconomics, International Policy Coordination and Transmission,

The unprecedented collapse of international interbank borrowing was a prominent feature of the global financial crisis that started in August 2007. This paper focuses on the drivers of the retrenchment from 32 adva...

Why are the G-20 Data Gaps Initiative and the SDDS Plus Relevant for Financial Stability Analysis?

Why are the G-20 Data Gaps Initiative and the SDDS Plus Relevant for Financial Stability Analysis? »

Volume/Issue: 2013/6

Series: IMF Working Papers

Author(s): Robert Heath

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2013

DOI: http://dx.doi.org/10.5089/9781475596861.001

ISBN: 9781475596861

Keywords: Global crisis, data dissemination, sectoral accounts, cross-border linkages, banking, financial sector, financial system, Financial Markets and the Macroeconomy, Financial Aspects of Economic Integration, Government Policy and Regulation

In the wake of the recent global crisis the international community is giving an increased focus on stability of the financial system, so-called financial stability analysis. With the increasing need for data sets...