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Sri Lanka
			: Third Review under the Extended Arrangement under the Extended Fund Facility and Request for Modification of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka

Sri Lanka : Third Review under the Extended Arrangement under the Extended Fund Facility and Request for Modification of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka »

Volume/Issue: 2018/3

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2018

DOI: http://dx.doi.org/10.5089/9781484337035.002

ISBN: 9781484337035

Keywords: Asia and Pacific, Sri Lanka

Macro stabilization and two major tax reforms were the key outcomes of the first half of the program. Sri Lanka is pursuing a 3-year reform program with IMF support under the extended arrangement under the Extended...

Credit Booms-Is China Different?

Credit Booms-Is China Different? »

Volume/Issue: 2018/2

Series: IMF Working Papers

Author(s): Sally Chen , and Joong Shik Kang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 January 2018

DOI: http://dx.doi.org/10.5089/9781484336762.001

ISBN: 9781484336762

Keywords: Financial crises, Financial cycles, Banking crises, Asia and Pacific, credit gap, debt overhang, sustainable growth, General

Strong Chinese output growth after the Global Financial Crisis was supported by booming credit. This credit boom carries risks. International experience suggests that China's credit growth is on a dangerous traject...

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

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

Volume/Issue: 2017/411

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 December 2017

DOI: http://dx.doi.org/10.5089/9781484335918.002

ISBN: 9781484335918

Keywords: Asia and Pacific, Papua New Guinea

Papua New Guinea (PNG) is experiencing weak economic growth resulting from falls in major commodity export prices, the completion of the huge PNG LNG pipeline project, and a severe drought. These developments have...

People's Republic of China
			: Financial Sector Assessment Program- Detailed Assessment of Observance of the Insurance Core Principles

People's Republic of China : Financial Sector Assessment Program- Detailed Assessment of Observance of the Insurance Core Principles »

Volume/Issue: 2017/402

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 December 2017

DOI: http://dx.doi.org/10.5089/9781484335154.002

ISBN: 9781484335154

Keywords: Asia and Pacific

The Chinese insurance sector is experiencing rapid growth, posing particular challenges to effective supervision. The sector has been growing by over 20 percent a year and there are ambitious government targets for...

People's Republic of China
			: Financial Sector Assessment Program- Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision

People's Republic of China : Financial Sector Assessment Program- Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision »

Volume/Issue: 2017/403

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 December 2017

DOI: http://dx.doi.org/10.5089/9781484335222.002

ISBN: 9781484335222

Keywords: Asia and Pacific

The China Banking Regulatory Commission (CBRC) has maintained its momentum in regulation and supervision in the face of exceptional growth in scale and increasing complexity of the banking system. Equally, the CBRC...

People's Republic of China
			: Financial Sector Assessment Program- Detailed Assessment of Observance of the Iosco Objectives and Principles of Securities Regulation

People's Republic of China : Financial Sector Assessment Program- Detailed Assessment of Observance of the Iosco Objectives and Principles of Securities Regulation »

Volume/Issue: 2017/404

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 December 2017

DOI: http://dx.doi.org/10.5089/9781484335307.002

ISBN: 9781484335307

Keywords: Asia and Pacific

The authorities' vision of ensuring that the capital markets support China's transformation towards a more market-oriented economy has driven capital markets development and-as the authorities recognize-the regulat...

Australia's Fiscal Framework: Revisiting Options for a Fiscal Anchor

Australia's Fiscal Framework: Revisiting Options for a Fiscal Anchor »

Volume/Issue: 2017/286

Series: IMF Working Papers

Author(s): Allan Dizioli , Philippe Karam , Dirk Muir , and Siegfried Steinlein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2017

DOI: http://dx.doi.org/10.5089/9781484335383.001

ISBN: 9781484335383

Keywords: Asia and Pacific, Australia, Fiscal policy; fiscal rules; general equilibrium models; taxation; debt, Fiscal policy, fiscal rules, general equilibrium models, taxation, debt, Forecasting and Simulation, General

This paper revisits options for fiscal anchors in Australia against the backdrop of a medium-term budget balance anchor that has led to larger than expected upward drift in the net debt to GDP ratio since the end o...

China's Impacts on SSA through the Lens of Growth and Exports

China's Impacts on SSA through the Lens of Growth and Exports »

Volume/Issue: 2017/288

Series: IMF Working Papers

Author(s): Yibin Mu , Chu Wang , and Dong Frank Wu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2017

DOI: http://dx.doi.org/10.5089/9781484335406.001

ISBN: 9781484335406

Keywords: Asia and Pacific, Development, Exports, Growth, China Economy, SSA, General, Macroeconomic Analyses of Economic Development

The analysis of China's impacts on the 44 SSA countries reveals that: (i) after joining the WTO in 2001, China has started to impact significantly on SSA growth: one-percent increase in China's GDP per capita leads...

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

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

Volume/Issue: 2017/390

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 December 2017

DOI: http://dx.doi.org/10.5089/9781484334164.002

ISBN: 9781484334164

Keywords: Middle East, Afghanistan, Islamic Republic of

Against the backdrop of important structural reforms and terms of trade gains, India recorded strong growth in recent years in both economic activity and financial assets. Increased diversification, commercial orie...

Mongolia
			: First and Second Reviews Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Mongolia

Mongolia : First and Second Reviews Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Mongolia »

Volume/Issue: 2017/396

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 December 2017

DOI: http://dx.doi.org/10.5089/9781484334737.002

ISBN: 9781484334737

Keywords: Mongolia, Asia and Pacific

A three-year arrangement for Mongolia under the Extended Fund Facility (EFF) was approved on May 24, 2017, in an amount equivalent to SDR 314.5054 million (435 percent of quota, or approximately $425 million). The...

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

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

Volume/Issue: 2017/386

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2017

DOI: http://dx.doi.org/10.5089/9781484333907.002

ISBN: 9781484333907

Keywords: Asia and Pacific, Kiribati

Kiribati is a small and fragile state vulnerable to climate change. Record high fishing revenue in recent years has boosted growth, improved the current account, and strengthened the fiscal stance. However, fishing...

Credit and Fiscal Multipliers in China

Credit and Fiscal Multipliers in China »

Volume/Issue: 2017/273

Series: IMF Working Papers

Author(s): Sophia Chen , Lev Ratnovski , and Pi-Han Tsai

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 December 2017

DOI: http://dx.doi.org/10.5089/9781484332160.001

ISBN: 9781484332160

Keywords: Asia and Pacific, China, Macroprudential Policy, Fiscal stimulus, Credit Growth, Multipliers, Comparative or Joint Analysis of Fiscal and Monetary or Stabilization Policy, General, Size and Spatial Distributions of Regional Economic Activity

We jointly estimate credit and fiscal multipliers in China. We use the tenure of the provincial party secretary, interacted with the type of stimulus used in other provinces, to obtain separate instruments for prov...

Reassessing the Perimeter of Government Accounts in China

Reassessing the Perimeter of Government Accounts in China »

Volume/Issue: 2017/272

Series: IMF Working Papers

Author(s): Rui Mano , and Phil Stokoe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 December 2017

DOI: http://dx.doi.org/10.5089/9781484331651.001

ISBN: 9781484331651

Keywords: China, Asia and Pacific, Government Statistics, Fiscal Risks, Local Government Finance, General

China's official general government accounts do not include off-budget quasi-fiscal spending unlike the IMF's augmented government accounts. This paper argues that the broader concept of augmented government remain...

Democratic Republic of Timor-Leste
			: 2017 Article IV Consultation-Press Release and Staff Report

Democratic Republic of Timor-Leste : 2017 Article IV Consultation-Press Release and Staff Report »

Volume/Issue: 2017/360

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 December 2017

DOI: http://dx.doi.org/10.5089/9781484331194.002

ISBN: 9781484331194

Keywords: Asia and Pacific, Timor-Leste

The near-term growth and inflation outlook remains generally favorable, but the fiscal balance and external position have deteriorated substantially. Adjustment from high dependency on oil revenue and large infrast...

People's Republic of China
			: Detailed Assessment Report on the Observance of Standards and Codes

People's Republic of China : Detailed Assessment Report on the Observance of Standards and Codes »

Volume/Issue: 2017/359

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 2017

DOI: http://dx.doi.org/10.5089/9781484331156.002

ISBN: 9781484331156

Keywords: Asia and Pacific

Detailed Assessment Report on the Observance of Standards and Codes...

People's Republic of China
			: Financial System Stability Assessment-Press Release and Statement by the Executive Director for People's Republic of China

People's Republic of China : Financial System Stability Assessment-Press Release and Statement by the Executive Director for People's Republic of China »

Volume/Issue: 2017/358

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 2017

DOI: http://dx.doi.org/10.5089/9781484331149.002

ISBN: 9781484331149

Keywords: Asia and Pacific

Since the 2011 FSAP, China's impressive economic growth has continued, and it is now undertaking a necessary but prolonged economic transformation. China is transitioning from an economic model based on exports and...

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

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

Volume/Issue: 2017/357

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2017

DOI: http://dx.doi.org/10.5089/9781484330999.002

ISBN: 9781484330999

Keywords: Asia and Pacific, Maldives

Maldives' economic growth has been highly volatile, driven primarily by a high-end tourism industry. The economy improved marginally in 2016-17 on a recovery in tourism and construction but continues to face large...

External Adjustment in a Resource-Rich Economy: The Case of Papua New Guinea

External Adjustment in a Resource-Rich Economy: The Case of Papua New Guinea »

Volume/Issue: 2017/267

Series: IMF Working Papers

Author(s): Ryota Nakatani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2017

DOI: http://dx.doi.org/10.5089/9781484325063.001

ISBN: 9781484325063

Keywords: Foreign exchange, Asia and Pacific, Papua New Guinea, Balance of payments, Agricultural exports, Commodity Exporters, Elasticities, Foreign Reserve, Invervention, Cointegration

How should resource-rich economies handle the balance of payments adjustment required after commodity price declines? This paper addresses the question theoretically by developing a simple two-period multi-sector m...

Resolving China's Zombies: Tackling Debt and Raising Productivity

Resolving China's Zombies: Tackling Debt and Raising Productivity »

Volume/Issue: 2017/266

Series: IMF Working Papers

Author(s): W. Raphael Lam , Alfred Schipke , Yuyan Tan , and Zhibo Tan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 November 2017

DOI: http://dx.doi.org/10.5089/9781484330722.001

ISBN: 9781484330722

Keywords: Corporate debt, Debt restructuring, Asia and Pacific, China, state-owned enterprises, and zombie firms, zombie firms, General, Firm Behavior: Empirical Analysis

Nonviable 'zombie' firms have become a key concern in China. Using novel firm-level industrial survey data, this paper illustrates the central role of zombies and their strong linkages with stateowned enterprises (...

Bank Capital and Lending: An Extended Framework and Evidence of Nonlinearity

Bank Capital and Lending: An Extended Framework and Evidence of Nonlinearity »

Volume/Issue: 2017/252

Series: IMF Working Papers

Author(s): Mario Catalan , Alexander Hoffmaister , and Cicilia Anggadewi Harun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 November 2017

DOI: http://dx.doi.org/10.5089/9781484325995.001

ISBN: 9781484325995

Keywords: Financial crises, Indonesia, Asia and Pacific, Bank capital; Bank lending; Financial shocks; Transmission mechanisms, Bank capital, Bank lending, Financial shocks, Transmission mechanisms, Government Policy and Regulation, Financial Markets and the Macroeconomy

This paper studies the transmission of bank capital shocks to loan supply in Indonesia. A series of theoretically founded dynamic panel data models are estimated and find nonlinear effects of capital on loan growth...

Does Import Competition Induce R&D Reallocation? Evidence from the U.S.

Does Import Competition Induce R&D Reallocation? Evidence from the U.S. »

Volume/Issue: 2017/253

Series: IMF Working Papers

Author(s): Rui Xu , and Kaiji Gong

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 November 2017

DOI: http://dx.doi.org/10.5089/9781484326008.001

ISBN: 9781484326008

Keywords: Western Hemisphere, Asia and Pacific, United States, Chinese Import Competition, R&D Expenditures, Reallocation, R&D Expenditures, Country and Industry Studies of Trade, Trade and Labor Market Interactions

We analyze the impact of rising import competition from China on U.S. innovative activities. Using Compustat data, we find that import competition induces R&D expenditures to be reallocated towards more productive...

LAO P.D.R.: Assessing the Quality of Trade Statistics

LAO P.D.R.: Assessing the Quality of Trade Statistics »

Volume/Issue: 2017/251

Series: IMF Working Papers

Author(s): Geoffrey Bannister , Manuk Ghazanchyan , and Theodore Bikoi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 November 2017

DOI: http://dx.doi.org/10.5089/9781484325742.001

ISBN: 9781484325742

Keywords: Asia and Pacific, External trade statictics, bilateral assymetries, trade partner data, imports and exports, customs data, General, Country and Industry Studies of Trade, Asia including Middle East, Factor and Product Markets

This paper assesses external trade statistics in Lao PDR by looking at mirror statistics, and with reference to international experience in compilation and dissemination of external trade data. We find that exports...

Assessing China's Residential Real Estate Market

Assessing China's Residential Real Estate Market »

Volume/Issue: 2017/248

Series: IMF Working Papers

Author(s): Ding Ding , Xiaoyu Huang , Tao Jin , and W. Raphael Lam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 November 2017

DOI: http://dx.doi.org/10.5089/9781484324813.001

ISBN: 9781484324813

Keywords: Asia and Pacific, Macroprudential Policy, Central banks and their policies, China real estate market, housing bubbles, Monetary Policy (Targets, Instruments, and Effects), Housing Supply and Markets, Bayesian Analysis

China's real estate market rebounded sharply after a temporary slowdown in 2014-2015. This paper uses city-level data to estimate the range of house price overvaluation across city-tiers and assesses the main risks...

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

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

Volume/Issue: 2017/334

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2017

DOI: http://dx.doi.org/10.5089/9781484326831.002

ISBN: 9781484326831

Keywords: Philippines, Asia and Pacific

The Philippine economy has performed well and is in a favorable position to address its socioeconomic challenges. Sound policies have delivered solid growth, low inflation, financial stability, and external and fis...

Philippines
			: Selected Issues

Philippines : Selected Issues »

Volume/Issue: 2017/335

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2017

DOI: http://dx.doi.org/10.5089/9781484326862.002

ISBN: 9781484326862

Keywords: Philippines, Asia and Pacific

Selected Issues...

Mongolia
			: Technical Assistance Report-Report on the Prices Statistics Mission

Mongolia : Technical Assistance Report-Report on the Prices Statistics Mission »

Volume/Issue: 2017/323

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 2017

DOI: http://dx.doi.org/10.5089/9781484324592.002

ISBN: 9781484324592

Keywords: Asia and Pacific, Mongolia

In response to a request from the National Statistics Office of Mongolia (NSOM), a technical assistance mission visited Ulaanbaatar, Mongolia during April 17-28, 2017, to provide assistance with updating and improv...

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

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

Volume/Issue: 2017/325

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 October 2017

DOI: http://dx.doi.org/10.5089/9781484325094.002

ISBN: 9781484325094

Keywords: Asia and Pacific, Cambodia

Cambodia continues to grow at an impressive pace. Looking ahead, the outlook is positive, although there are near-term downside risks. Financial sector vulnerabilities stemming from rapid financial deepening remain...

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

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

Volume/Issue: 2017/282

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 September 2017

DOI: http://dx.doi.org/10.5089/9781484319710.002

ISBN: 9781484319710

Keywords: Japan, Asia and Pacific

Banking regulations and supervisory processes have undergone significant improvements since the last Financial Sector Assessment Program (FSAP). The Japan Financial Services Agency (JFSA) is in the process of refor...

Japan
			: Financial Sector Assessment Program-Technical Note-Insurance Sector Regulation and Supervision

Japan : Financial Sector Assessment Program-Technical Note-Insurance Sector Regulation and Supervision »

Volume/Issue: 2017/281

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 September 2017

DOI: http://dx.doi.org/10.5089/9781484319697.002

ISBN: 9781484319697

Keywords: Asia and Pacific, Japan

The Japanese insurance sector is characterized by a mature market, high concentration, and the predominance of life insurance products with interest guarantees. The insurance sector represents 13 percent of total f...

Japan
			: Financial Sector Assessment Program-Technical Note-Long-Term Challenges for Financial Intermediation

Japan : Financial Sector Assessment Program-Technical Note-Long-Term Challenges for Financial Intermediation »

Volume/Issue: 2017/283

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 September 2017

DOI: http://dx.doi.org/10.5089/9781484319741.002

ISBN: 9781484319741

Keywords: Asia and Pacific, Japan

Sustained demographic change can have potentially significant effects on the economy and the financial system. Aging can affect financial intermediation through its effects on potential growth, on the term structur...

Japan
			: Financial Sector Assessment Program-Technical Note-Regulation and Supervision of Securities

Japan : Financial Sector Assessment Program-Technical Note-Regulation and Supervision of Securities »

Volume/Issue: 2017/284

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 September 2017

DOI: http://dx.doi.org/10.5089/9781484319789.002

ISBN: 9781484319789

Keywords: Asia and Pacific, Japan

Japanese securities firms consist of a very heterogeneous group of firms, ranging from major global players to purely domestic firms that conduct only limited activities. At one end, the firms include two major ind...

Japan
			: Financial Sector Assessment Program-Technical Note-Systemic Risk Analysis and Stress Testing the Financial Sector

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

Volume/Issue: 2017/285

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 September 2017

DOI: http://dx.doi.org/10.5089/9781484319819.002

ISBN: 9781484319819

Keywords: Asia and Pacific, Japan

A comprehensive set of stress tests and interconnectedness were conducted to assess the resilience of Japan's financial system and shed light on linkages and potential vulnerabilities. Japan has one of the largest...

Federated States of Micronesia
			: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Federated States of Micronesia

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

Volume/Issue: 2017/280

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 2017

DOI: http://dx.doi.org/10.5089/9781484319642.002

ISBN: 9781484319642

Keywords: Asia and Pacific, Micronesia, Federated States of

Federated States of Micronesia (FSM) is a small and sparsely-populated state vulnerable to climate change. Over the medium term, the country needs to prepare for the expiration of U.S. Compact grants from FY2024 on...

People's Republic of China
			: Selected Issues

People's Republic of China : Selected Issues »

Volume/Issue: 2017/248

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 August 2017

DOI: http://dx.doi.org/10.5089/9781484314722.002

ISBN: 9781484314722

Keywords: Asia and Pacific

Selected Issues...

Sri Lanka
			: Second Review under the Extended Arrangement under the Extended Fund Facility, Request for Waivers of Applicability and Nonobservance of Performance Criterion, and Request for Modification of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka

Sri Lanka : Second Review under the Extended Arrangement under the Extended Fund Facility, Request for Waivers of Applicability and Nonobservance of Performance Criterion, and Request for Modification of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka »

Volume/Issue: 2017/253

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 August 2017

DOI: http://dx.doi.org/10.5089/9781484315033.002

ISBN: 9781484315033

Keywords: Asia and Pacific, Sri Lanka

Sri Lanka's economic reform program is supported by an Extended arrangement under the Extended Fund Facility (EFF) that was approved in June 2016 for the amount of SDR 1.1 billion (185 percent of quota and about US...

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

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

Volume/Issue: 2017/247

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 August 2017

DOI: http://dx.doi.org/10.5089/9781484314654.002

ISBN: 9781484314654

Keywords: Asia and Pacific

Policy support, strengthening external demand, and supply-side reforms have helped maintain strong growth which, along with tighter enforcement of capital flow management measures, has also reduced exchange rate pr...

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

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

Volume/Issue: 2017/242

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 July 2017

DOI: http://dx.doi.org/10.5089/9781484313411.002

ISBN: 9781484313411

Keywords: Japan, Asia and Pacific

Abenomics has improved economic conditions and engendered structural reforms but has not yet achieved a durable exit from deflation. The economy has expanded at a pace above potential the last five consecutive quar...

Japan
			: Financial System Stability Assessment

Japan : Financial System Stability Assessment »

Volume/Issue: 2017/244

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 July 2017

DOI: http://dx.doi.org/10.5089/9781484313435.002

ISBN: 9781484313435

Keywords: Japan, Asia and Pacific

Weak growth and low interest rates, together with underlying demographic headwinds, are posing chronic challenges for the financial system. Despite accommodative financial conditions, sluggish domestic demand have...

Japan
			: Selected Issues

Japan : Selected Issues »

Volume/Issue: 2017/243

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 July 2017

DOI: http://dx.doi.org/10.5089/9781484313428.002

ISBN: 9781484313428

Keywords: Jordan, Middle East

Selected Issues...

Singapore
			: Selected Issues

Singapore : Selected Issues »

Volume/Issue: 2017/241

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 July 2017

DOI: http://dx.doi.org/10.5089/9781484312858.002

ISBN: 9781484312858

Keywords: Singapore, Asia and Pacific

Singapore: Selected Issues...

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

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

Volume/Issue: 2017/240

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 July 2017

DOI: http://dx.doi.org/10.5089/9781484312773.002

ISBN: 9781484312773

Keywords: Singapore, Asia and Pacific

A cyclical upswing in growth is under way driven by goods trade. But improved momentum has yet to extend beyond the export-oriented sectors, and structural headwinds to growth from aging, tighter foreign worker pol...

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

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

Volume/Issue: 2017/190

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 July 2017

DOI: http://dx.doi.org/10.5089/9781484307564.002

ISBN: 9781484307564

Keywords: Vietnam, Asia and Pacific

Vietnam's dynamic economy continues on a solid growth path, driven by robust domestic demand and export-oriented manufacturing. The new government is pushing ahead with reforms along a broad front, keenly aware of...

Vietnam
			: Selected Issues

Vietnam : Selected Issues »

Volume/Issue: 2017/191

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 July 2017

DOI: http://dx.doi.org/10.5089/9781484307571.002

ISBN: 9781484307571

Keywords: Asia and Pacific, Vietnam

Vietnam: Selected Issues...

Does the Stock Market Boost Firm Innovation?
			: Evidence from Chinese Firms

Does the Stock Market Boost Firm Innovation? : Evidence from Chinese Firms »

Volume/Issue: 2017/147

Series: IMF Working Papers

Author(s): Hui He , Hanya Li , and Jinfan Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2017

DOI: http://dx.doi.org/10.5089/9781484303726.001

ISBN: 9781484303726

Keywords: China, People's Republic of, Asia and Pacific, China, Corporate governance, IPO, Innovation, Financial Constraint, State Ownership, Firm Behavior: Empirical Analysis, Innovation and Invention: Processes and Incentives

The paper analyses the effect of the stock market on firm innovation through the lens of initial public offering (IPO) using uniquely matched Chinese firm-level data. We find that IPOs lead to an increase in both t...

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...

Financial Frictions, Underinvestment, and Investment Composition
			: Evidence from Indian Corporates

Financial Frictions, Underinvestment, and Investment Composition : Evidence from Indian Corporates »

Volume/Issue: 2017/134

Series: IMF Working Papers

Author(s): Sonali Das , and Volodymyr Tulin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 June 2017

DOI: http://dx.doi.org/10.5089/9781484302644.001

ISBN: 9781484302644

Keywords: Asia and Pacific, India, Investment, Corporate Leverage, Financial Markets and the Macroeconomy

This paper studies private investment in India against the backdrop of a significant investment decline over the past decade. We analyze the potential causes of weaker investment at the firm level, using both firm-...

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...

Policy Uncertainty in Japan

Policy Uncertainty in Japan »

Volume/Issue: 2017/128

Series: IMF Working Papers

Author(s): Elif Arbatli , Steven Davis , Arata Ito , Naoko Miake , and Ikuo Saito

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 May 2017

DOI: http://dx.doi.org/10.5089/9781484300671.001

ISBN: 9781484300671

Keywords: Asia and Pacific, Japan, Policy uncertainty, aggregate investment, General, Monetary Policy (Targets, Instruments, and Effects)

We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards building on the approach of Baker, Bloom and Davis (2016). Each index reflects the frequency of newspaper articles that c...

Labor Market Adjustments to Shocks in Australia

Labor Market Adjustments to Shocks in Australia »

Volume/Issue: 2017/124

Series: IMF Working Papers

Author(s): Adil Mohommad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 May 2017

DOI: http://dx.doi.org/10.5089/9781484301760.001

ISBN: 9781484301760

Keywords: Australia, Asia and Pacific, labor market dynamics, economic flexibility, Labor Force and Employment, Size, and Structure

Labor markets in Australia have adjusted smoothly to significant declines in commodity prices with little increase in unemployment. This paper examines several aspects of the adjustment, focusing on (i) evidence of...

Trading with China
			: Productivity Gains, Job Losses

Trading with China : Productivity Gains, Job Losses »

Volume/Issue: 2017/122

Series: IMF Working Papers

Author(s): JaeBin Ahn , and Romain Duval

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2017

DOI: http://dx.doi.org/10.5089/9781475595833.001

ISBN: 9781475595833

Keywords: China, People's Republic of, Imports, Productivity, Trade, Asia and Pacific, Exports, Growth, Jobs, China

We analyze the impact on productivity in advanced economies of fast-growing trade with China between the mid-1990s and late-2000s, separately identifying the export and import channels. We use country-sector-level...

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

The supervisory approach of the Reserve Bank of New Zealand (RBNZ) reflects the characteristics of the local banking industry and the authorities' goal to limit moral hazard by relying on market discipline and not...

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

The regulatory and oversight framework for Financial Market Infrastructures (FMIs) in New Zealand is undergoing a major reform. The Reserve Bank of New Zealand (RBNZ) and the Financial Markets Authority (FMA) curre...

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...

Reforming Energy Policy in India
			: Assessing the Options

Reforming Energy Policy in India : Assessing the Options »

Volume/Issue: 2017/103

Series: IMF Working Papers

Author(s): Ian Parry , Victor Mylonas , and Nate Vernon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 May 2017

DOI: http://dx.doi.org/10.5089/9781475595734.001

ISBN: 9781475595734

Keywords: Revenues, Asia and Pacific, India, Air pollution deaths, Paris targets, welfare effects, incidence, coal tax, energy price reform, Government Policy

Spreadsheet models are used to assess the environmental, fiscal, economic, and incidence effects of a wide range of options for reducing fossil fuel use in India. Among the most effective options is ramping up the...

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...

Assessing Corporate Vulnerabilities in Indonesia
			: A Bottom-Up Default Analysis

Assessing Corporate Vulnerabilities in Indonesia : A Bottom-Up Default Analysis »

Volume/Issue: 2017/97

Series: IMF Working Papers

Author(s): Jorge Chan-Lau , Weimin Miao , Ken Miyajima , and Jongsoon Shin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 April 2017

DOI: http://dx.doi.org/10.5089/9781475595130.001

ISBN: 9781475595130

Keywords: Indonesia, Corporate sector, Asia and Pacific, bottom-up default analysis, default risk, scenario analysis, simulation, hazard rate models, Model Evaluation and Testing, General

Under adverse macroeconomic conditions, the potential realization of corporate sector vulnerabilities could pose major risks to the economy. This paper assesses corporate vulnerabilities in Indonesia by using a Bot...

Challenges in Correspondent Banking in the Small States of the Pacific

Challenges in Correspondent Banking in the Small States of the Pacific »

Volume/Issue: 2017/90

Series: IMF Working Papers

Author(s): Jihad Alwazir , Fazurin Jamaludin , Dongyeol Lee , Niamh Sheridan , and Patrizia Tumbarello

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2017

DOI: http://dx.doi.org/10.5089/9781475593471.001

ISBN: 9781475593471

Keywords: Marshall Islands, Fiji, Asia and Pacific, Pacific Islands, Palau, Papua New Guinea, Samoa, Small states, Solomon Islands, Tax evasion

Access to financial services in the small states of the Pacific is being eroded. Weaknesses in Anti-Money Laundering and Combating the Financing of Terrorism compliance in the context of high levels of remittances...

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...

Inflation-Forecast Targeting for India
			: An Outline of the Analytical Framework

Inflation-Forecast Targeting for India : An Outline of the Analytical Framework »

Volume/Issue: 2017/32

Series: IMF Working Papers

Author(s): Jaromir Benes , Kevin Clinton , Asish George , Joice John , Ondra Kamenik , Douglas Laxton , Pratik Mitra , G.V. Nadhanael , Hou Wang , and Fan Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2017

DOI: http://dx.doi.org/10.5089/9781475578690.001

ISBN: 9781475578690

Keywords: Asia and Pacific, Disinflation, India, Inflation targeting, Forecasting models, Monetary policy, Price stabilization, Central banks and their policies, inflation targeting; Reserve Bank of India; inflation episodes in India; forecasting models; monetary policy models; model calibration; monetary policy rules; monetary policy simulations, Reserve Bank of India

India formally adopted flexible inflation targeting (FIT) in June 2016 to place price stability, defined in terms of a target CPI inflation, as the primary objective of monetary policy. In this context, the paper d...

Quarterly Projection Model for India
			: Key Elements and Properties

Quarterly Projection Model for India : Key Elements and Properties »

Volume/Issue: 2017/33

Series: IMF Working Papers

Author(s): Jaromir Benes , Kevin Clinton , Asish George , Pranav Gupta , Joice John , Ondra Kamenik , Douglas Laxton , Pratik Mitra , G.V. Nadhanael , Rafael Portillo , Hou Wang , and Fan Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2017

DOI: http://dx.doi.org/10.5089/9781475578706.001

ISBN: 9781475578706

Keywords: Central banks and their policies, Monetary policy, Monetary transmission mechanism, Interest rate policy, Forecasting models, Inflation targeting, India, Asia and Pacific, inflation targeting; Reserve Bank of India; inflation episodes in India; forecasting models; monetary policy models; model calibration; monetary policy rules; monetary policy simulations, Reserve Bank of India

This paper outlines the key features of the production version of the quarterly projection model (QPM), which is a forward-looking open-economy gap model, calibrated to represent the Indian case, for generating for...

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...

Household Consumption in Japan - Role of Income and Asset Developments

Household Consumption in Japan - Role of Income and Asset Developments »

Volume/Issue: 2017/23

Series: IMF Working Papers

Author(s): Erkki Vihriälä

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 January 2017

DOI: http://dx.doi.org/10.5089/9781475573084.001

ISBN: 9781475573084

Keywords: Disposable income, Household consumption, Assets, Japan, Liquidity, Income, Asia and Pacific, Regression analysis, consumption determinants, income and wealth

We study Japanese household consumption at a disaggregated level focusing on the role of income and asset dynamics. Stagnation of real per capita consumption is widespread acrosslabor market groups, age groups and...

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...

Collect More, Spend Better
			: Public Investment in Asian Frontier Markets

Collect More, Spend Better : Public Investment in Asian Frontier Markets »

Volume/Issue: 2017/10

Series: IMF Working Papers

Author(s): Manuk Ghazanchyan , Ricardo Marto , Jiri Jonas , and Kaitlyn Douglass

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2017

DOI: http://dx.doi.org/10.5089/9781475570892.001

ISBN: 9781475570892

Keywords: Southeast Asia, Sri Lanka, Tax collection, Vietnam, Capital expenditure, Public investment, Fiscal policy, Emerging markets, Cambodia, Debt sustainability

We use a dynamic small open economy model to explore the macroeconomic impact of alternative public investment scaling-up scenarios, analyzing how improving the efficiency of capital spending and of tax revenue col...

Indian Financial Sector
			: Structure, Trends and Turns

Indian Financial Sector : Structure, Trends and Turns »

Volume/Issue: 2017/7

Series: IMF Working Papers

Author(s): Rakesh Mohan , and Partha Ray

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 January 2017

DOI: http://dx.doi.org/10.5089/9781475570168.001

ISBN: 9781475570168

Keywords: Central banks and their policies, Banks, Banking, Asia and Pacific, Capital markets, External sector, Financial sector, Insurance, India, Nonbank financial sector

This paper traces the story of Indian financial sector over the period 1950-2015. In identifying the trends and turns of Indian financial sector, the paper adopts a three period classification viz., (a) the 1950s a...

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...

Regulating Local Government Financing Vehicles and Public-Private Partnerships in China

Regulating Local Government Financing Vehicles and Public-Private Partnerships in China »

Volume/Issue: 2016/187

Series: IMF Working Papers

Author(s): Hui Jin , and Isabel Rial

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2016

Language: Chinese

DOI: http://dx.doi.org/10.5089/9781475553178.001

ISBN: 9781475553178

Keywords: Public-private partnership, China, Infrastructure, Public investment, Fiscal risk, Risk management, Government accounting, fiscal risk, public investment, subnational government

In this paper, we argue that there is much room for China to strengthen its regulatory framework for public-private partnerships (PPPs). We show that infrastructure projects carried out through local government fin...

China's Rising IQ (Innovation Quotient) and Growth
			: Firm-level Evidence

China's Rising IQ (Innovation Quotient) and Growth : Firm-level Evidence »

Volume/Issue: 2016/249

Series: IMF Working Papers

Author(s): Hui He , Nan Li , and Jing Fang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2016

DOI: http://dx.doi.org/10.5089/9781475563139.001

ISBN: 9781475563139

Keywords: Business enterprises, Productivity, China, Asia and Pacific, Technological innovation, Public corporations, Innovation, Growth, Patent, R&;D

This paper examines whether the rapid growing firm patenting activity in China is associated with real economic outcome by building a unique dataset uniting detailed firm balance sheet information with firm patent...

Automatic Adjustment Mechanisms in Asian Pension Systems?

Automatic Adjustment Mechanisms in Asian Pension Systems? »

Volume/Issue: 2016/242

Series: IMF Working Papers

Author(s): Elif Arbatli , Csaba Feher , Jack Ree , Ikuo Saito , and Mauricio Soto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 2016

DOI: http://dx.doi.org/10.5089/9781475560336.001

ISBN: 9781475560336

Keywords: Pensions, Pension reforms, Japan, Korea, Republic of, China, People's Republic of, China, Asia and Pacific, Asia, Retirement, Pension System Reform

Automatic adjustment mechanisms (AAMs)-rules ensuring that certain characteristics of a pension system respond to demographic, macroeconomic and financial developments, in a predetermined fashion and without the ne...

The Impact of Demographics on Productivity and Inflation in Japan

The Impact of Demographics on Productivity and Inflation in Japan »

Volume/Issue: 2016/237

Series: IMF Working Papers

Author(s): Niklas Westelius , and Yihan Liu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 December 2016

DOI: http://dx.doi.org/10.5089/9781475559712.001

ISBN: 9781475559712

Keywords: Total factor productivity, Population growth, Demographic transition, Inflation, Japan, Asia and Pacific, Aging, and Productivity, Productivity, Demographic Trends and Forecasts

Is Japan's aging and, more recently, declining population hampering growth and reflation efforts? Exploiting demographic and economic variation in prefectural data between 1990 and 2007, we find that aging of the w...

Political Institutions, State Building, and Tax Capacity
			: Crossing the Tipping Point

Political Institutions, State Building, and Tax Capacity : Crossing the Tipping Point »

Volume/Issue: 2016/233

Series: IMF Working Papers

Author(s): Vitor Gaspar , Laura Jaramillo , and Philippe Wingender

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 December 2016

DOI: http://dx.doi.org/10.5089/9781475558142.001

ISBN: 9781475558142

Keywords: Nigeria, Political economy, Income taxes, Taxation, Tax evasion, Sub-Saharan Africa, Tax administration, Spain, Western Hemisphere, China

An empirical finding by Gaspar, Jaramillo and Wingender (2016) shows that once countries cross a tax-to-GDP threshold of around 12¾ percent, real GDP per capita increases sharply and in a sustained manner over the...

Minimum Wage as a Wage Policy Tool in Japan

Minimum Wage as a Wage Policy Tool in Japan »

Volume/Issue: 2016/232

Series: IMF Working Papers

Author(s): Chie Aoyagi , Giovanni Ganelli , and Nour Tawk

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2016

DOI: http://dx.doi.org/10.5089/9781475555349.001

ISBN: 9781475555349

Keywords: Asia and Pacific, Income distribution, Japan, Women, Wage policy, Regression analysis, Labor market characteristics, Minimum wages, minimum wage, income policies

Using prefectural data, we study the potential impact on wage dynamics of the planned minimum wage increase policy in Japan. Our main result is that stepping up minimum wage growth from 2 to the planned 3 percent p...

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...

Quantifying the Spillovers from China Rebalancing Using a Multi-Sector Ricardian Trade Model

Quantifying the Spillovers from China Rebalancing Using a Multi-Sector Ricardian Trade Model »

Volume/Issue: 2016/219

Series: IMF Working Papers

Author(s): Rui Mano

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2016

DOI: http://dx.doi.org/10.5089/9781475553741.001

ISBN: 9781475553741

Keywords: Consumption, China, Demand, International trade, Trade models, Spillovers, Spillovers, Transition economies, Economic sectors, China rebalancing

This paper assesses the spillovers from different facets of China rebalancing using a calibrated Ricardian trade model that includes 41 economies, each consisting of 34 sectors. We find that China's move up the val...

When China Sneezes Does ASEAN Catch a Cold?

When China Sneezes Does ASEAN Catch a Cold? »

Volume/Issue: 2016/214

Series: IMF Working Papers

Author(s): Sohrab Rafiq

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2016

DOI: http://dx.doi.org/10.5089/9781475552607.001

ISBN: 9781475552607

Keywords: Cambodia, Cambodia, China, Cross country analysis, Association of Southeast Asian Nations, Emerging markets, Economic integration, Economic growth, Philippines, Indonesia

This paper looks at the effects of a China slowdown on Emerging Market Economies (Indonesia, Malaysia, and Thailand) and Frontier Developing Economies (Cambodia, Lao P.D.R., and Vietnam) in ASEAN. The main finding...

Spillovers from the Maturing of China's Economy

Spillovers from the Maturing of China's Economy »

Volume/Issue: 2016/212

Series: IMF Working Papers

Author(s): Allan Dizioli , Benjamin Hunt , and Wojciech Maliszewski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2016

DOI: http://dx.doi.org/10.5089/9781475552225.001

ISBN: 9781475552225

Keywords: Spillovers, Asia and Pacific, China’;s slowdown and rebalancing, international business cycle, model based analysis, China&;amp;#x2019;s slowdown and rebalancing, Computable General Equilibrium Models, Forecasting and Simulation, Open Economy Macroeconomics, International Business Cycles

China's transition to a new growth model continues and the impact has been felt across the globe. Several trends contribute to the ‘maturing' of China's economy: i) structural slowing on the convergence path; ii) o...

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...