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Feeling the Heat: Climate Shocks and Credit Ratings

Feeling the Heat: Climate Shocks and Credit Ratings »

Source: Feeling the Heat: Climate Shocks and Credit Ratings

Volume/Issue: 2020/286

Series: IMF Working Papers

Author(s): Serhan Cevik , and João Tovar Jalles

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

ISBN: 9781513564548

Keywords: Climate change, Credit ratings, International reserves, Credit, Emerging and frontier financial markets, vulnerability, resilience, credit ratings, WP, climate change vulnerability

Climate change is an existential threat to the world economy like no other, with complex, evolving and nonlinear dynamics that remain a source of great uncertainty. There is a bourgeoning literature on the economic...

Feeling the Heat: Climate Shocks and Credit Ratings

Feeling the Heat: Climate Shocks and Credit Ratings »

Volume/Issue: 2020/286

Series: IMF Working Papers

Author(s): Serhan Cevik , and João Tovar Jalles

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

DOI: http://dx.doi.org/10.5089/9781513564548.001

ISBN: 9781513564548

Keywords: Climate change, Credit ratings, International reserves, Credit, Emerging and frontier financial markets, vulnerability, resilience, credit ratings, WP, climate change vulnerability

Climate change is an existential threat to the world economy like no other, with complex, evolving and nonlinear dynamics that remain a source of great uncertainty. There is a bourgeoning literature on the economic...

Optimal Simple Objectives for Monetary Policy when Banks Matter

Optimal Simple Objectives for Monetary Policy when Banks Matter »

Volume/Issue: 2020/244

Series: IMF Working Papers

Author(s): Lien Laureys , Roland Meeks , and Boromeus Wanengkirtyo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2020

DOI: http://dx.doi.org/10.5089/9781513561172.001

ISBN: 9781513561172

Keywords: Output gap, Inflation, Financial frictions, Inflation targeting, Production growth, Monetary policy, Simple loss function, Banks, Medium-scale DSGE models, Euro area economy.

We reconsider the design of welfare-optimal monetary policy when financing frictions impair the supply of bank credit, and when the objectives set for monetary policy must be simple enough to be implementable and a...

Optimal Simple Objectives for Monetary Policy when Banks Matter*

Optimal Simple Objectives for Monetary Policy when Banks Matter* »

Source: Optimal Simple Objectives for Monetary Policy when Banks Matter

Volume/Issue: 2020/244

Series: IMF Working Papers

Author(s): Lien Laureys , Roland Meeks , and Boromeus Wanengkirtyo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2020

ISBN: 9781513561172

Keywords: Output gap, Inflation, Financial frictions, Inflation targeting, Production growth, Monetary policy, Simple loss function, Banks, Medium-scale DSGE models, Euro area economy.

We reconsider the design of welfare-optimal monetary policy when financing frictions impair the supply of bank credit, and when the objectives set for monetary policy must be simple enough to be implementable and a...

Australia

Australia »

Source: Australia : Selected Issues

Volume/Issue: 2020/69

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2020

ISBN: 9781513536125

Keywords: Economic policy, Financial crises, Economic growth, Real effective exchange rates, Real interest rates, ISCR, CR, non-mining, business investment, financial constraint

This Selected Issues paper investigates the drivers of business investment in Australia, focusing on the non-mining sectors. The paper also identifies aggregate-level drivers for non-mining business investment by l...

Australia: 2019 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Australia

Australia: 2019 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Australia »

Source: Australia : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia

Volume/Issue: 2020/68

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2020

ISBN: 9781513536088

Keywords: Financial and Monetary Sector, Balance of payments, National accounts, Economic conditions, Unemployment, ISCR, CR, RBA, bushfire, infrastructure spend

This 2019 Article IV Consultation with Australia discusses that a continued gradual economic recovery is expected, subject to downside risks. Growth should continue to recover in 2020, but it will take time for the...

Australia: Staff Report for the 2019 Article IV Consultation—Informational Annex

Australia: Staff Report for the 2019 Article IV Consultation—Informational Annex »

Source: Australia : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia

Volume/Issue: 2020/68

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2020

ISBN: 9781513536088

Keywords: Financial and Monetary Sector, Balance of payments, National accounts, Economic conditions, Unemployment, ISCR, CR, RBA, bushfire, infrastructure spend

This 2019 Article IV Consultation with Australia discusses that a continued gradual economic recovery is expected, subject to downside risks. Growth should continue to recover in 2020, but it will take time for the...

IMF Executive Board Concludes 2019 Article IV Consultation with Australia

IMF Executive Board Concludes 2019 Article IV Consultation with Australia »

Source: Australia : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia

Volume/Issue: 2020/68

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2020

ISBN: 9781513536088

Keywords: Financial and Monetary Sector, Balance of payments, National accounts, Economic conditions, Unemployment, ISCR, CR, RBA, bushfire, infrastructure spend

This 2019 Article IV Consultation with Australia discusses that a continued gradual economic recovery is expected, subject to downside risks. Growth should continue to recover in 2020, but it will take time for the...

Australia
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia

Australia : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia »

Volume/Issue: 2020/68

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2020

DOI: http://dx.doi.org/10.5089/9781513536088.002

ISBN: 9781513536088

Keywords: Financial and Monetary Sector, Balance of payments, National accounts, Economic conditions, Unemployment, ISCR, CR, RBA, bushfire, infrastructure spend

This 2019 Article IV Consultation with Australia discusses that a continued gradual economic recovery is expected, subject to downside risks. Growth should continue to recover in 2020, but it will take time for the...

Australia
			: Selected Issues

Australia : Selected Issues »

Volume/Issue: 2020/69

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2020

DOI: http://dx.doi.org/10.5089/9781513536125.002

ISBN: 9781513536125

Keywords: Economic policy, Financial crises, Economic growth, Real effective exchange rates, Real interest rates, ISCR, CR, non-mining, business investment, financial constraint

This Selected Issues paper investigates the drivers of business investment in Australia, focusing on the non-mining sectors. The paper also identifies aggregate-level drivers for non-mining business investment by l...

Statement by Nigel Ray, Executive Director for Australia and Laura Johnson, Senior Advisor to Executive Director, and Anna Park, Advisor to Executive Director February 21, 2020

Statement by Nigel Ray, Executive Director for Australia and Laura Johnson, Senior Advisor to Executive Director, and Anna Park, Advisor to Executive Director February 21, 2020 »

Source: Australia : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia

Volume/Issue: 2020/68

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2020

ISBN: 9781513536088

Keywords: Financial and Monetary Sector, Balance of payments, National accounts, Economic conditions, Unemployment, ISCR, CR, RBA, bushfire, infrastructure spend

This 2019 Article IV Consultation with Australia discusses that a continued gradual economic recovery is expected, subject to downside risks. Growth should continue to recover in 2020, but it will take time for the...

Machine Learning and Causality: The Impact of Financial Crises on Growth

Machine Learning and Causality: The Impact of Financial Crises on Growth »

Volume/Issue: 2019/228

Series: IMF Working Papers

Author(s): Andrew Tiffin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

DOI: http://dx.doi.org/10.5089/9781513518305.001

ISBN: 9781513518305

Keywords: Financial soundness indicators, Economic analysis, Financial crises, Banking crisis, Economic sectors, Supervised machine learning, causal inference, policy evaluation, counterfactual prediction, randomized experiments

Machine learning tools are well known for their success in prediction. But prediction is not causation, and causal discovery is at the core of most questions concerning economic policy. Recently, however, the liter...

Machine Learning and Causality: The Impact of Financial Crises on Growth

Machine Learning and Causality: The Impact of Financial Crises on Growth »

Source: Machine Learning and Causality: The Impact of Financial Crises on Growth

Volume/Issue: 2019/228

Series: IMF Working Papers

Author(s): Andrew Tiffin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

ISBN: 9781513518305

Keywords: Financial soundness indicators, Economic analysis, Financial crises, Banking crisis, Economic sectors, Supervised machine learning, causal inference, policy evaluation, counterfactual prediction, randomized experiments

Machine learning tools are well known for their success in prediction. But prediction is not causation, and causal discovery is at the core of most questions concerning economic policy. Recently, however, the liter...

Household Debt, Consumption, and Monetary Policy in Australia1

Household Debt, Consumption, and Monetary Policy in Australia1 »

Source: Household Debt, Consumption, and Monetary Policy in Australia

Volume/Issue: 2019/76

Series: IMF Working Papers

Author(s): Elena Loukoianova , Yu Ching Wong , and Ioana Hussiada

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2019

ISBN: 9781498303767

Keywords: Financial statistics, Interest rates on loans, Cost of living, Interest rate increases, Monetary transmission mechanism, household debt, consumption, household survey data, monetary policy, household

This paper discusses the evolution of the household debt in Australia and finds that while higher-income and higher-wealth households tend to have higher debt, lower-income households may become more vulnerable to...

Household Debt, Consumption, and Monetary Policy in Australia

Household Debt, Consumption, and Monetary Policy in Australia »

Volume/Issue: 2019/76

Series: IMF Working Papers

Author(s): Elena Loukoianova , Yu Ching Wong , and Ioana Hussiada

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2019

DOI: http://dx.doi.org/10.5089/9781498303767.001

ISBN: 9781498303767

Keywords: Financial statistics, Interest rates on loans, Cost of living, Interest rate increases, Monetary transmission mechanism, household debt, consumption, household survey data, monetary policy, household

This paper discusses the evolution of the household debt in Australia and finds that while higher-income and higher-wealth households tend to have higher debt, lower-income households may become more vulnerable to...

Australia

Australia »

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

Volume/Issue: 2019/49

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

ISBN: 9781484398890

Keywords: Economic growth, Financial crises, Consumer credit, Health insurance, Financial regulation and supervision, life insurer, APRA, ASIC, insurer, policyholder

This technical note provides an update on the Australian insurance sector and an analysis of certain key aspects of the regulatory and supervisory regime. The note analyzes the practice in relation to selected Insu...

Australia

Australia »

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

Volume/Issue: 2019/51

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

ISBN: 9781484398920

Keywords: Bank credit, Central banks, Bank liquidity, Financial soundness indicators, Systemically important financial institutions, Australian bank, liquidity, fund cost, GFC, solvency

This technical note describes the financial stability analysis undertaken as part of the Financial Sector Assessment Program that primarily focuses on assessing the resilience of the banking system. Bank solvency a...

Australia

Australia »

Source: Australia : Selected Issues

Volume/Issue: 2019/56

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

ISBN: 9781484399033

Keywords: Fiscal policy, Fiscal sector, Real effective exchange rates, Fiscal space, Economic growth, net debt, PBO, economic cycle, GFC, output gap

This Selected Issues paper evaluates Australia's experience with its principles-based fiscal framework. A key contribution of the paper is an evaluation of whether the medium-term budget balance anchor remains suit...

Australia

Australia »

Source: Australia : Financial Sector Assessment Program-Technical Note-Bank Resolution and Crisis Management

Volume/Issue: 2019/48

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

ISBN: 9781484398845

Keywords: Central banks, Systemically important financial institutions, Banking safety nets, Bank liquidity, Deposit insurance, Financial crises, Financial services, Financial instruments, Financial institutions, Financial systems

This technical note analyzes the existing legal and institutional frameworks in Australia, including coordination arrangements and focuses on crisis preparedness, including recovery and resolution planning as well...

Australia

Australia »

Source: Australia : Financial Sector Assessment Program-Technical Note-Systemic Risk Oversight and Macroprudential Policy

Volume/Issue: 2019/50

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

ISBN: 9781484398906

Keywords: Real sector, Financial crises, Macroprudential policies and financial stability, Interest rates, Central banks, APRA, RBA, CFR, lend standard, LTV

This technical note reviews systematic risk oversight and macroprudential policy in Australia. The paper surveys key concerns affecting the Australian financial system, including the substantial increase in house p...

Australia

Australia »

Source: Australia : Financial Sector Assessment Program-Technical Note-Supervision, Oversight and Resolution Planning of Financial Market Infrastructures

Volume/Issue: 2019/52

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

ISBN: 9781484398968

Keywords: Economic stabilization, Clearing and settlement systems, Central banks, Payment systems, Financial crises, ASX, RBA, RITS, payment system, ACCC

This paper analyzes systemic risks related to Financial Market Infrastructures (FMI) in Australia, in particular central counterparties (CCP). Supervision and oversight of FMIs is well-established with supervisory...

Australia

Australia »

Source: Australia : Financial Sector Assessment Program-Detailed Assessment of Observance-Basel Core Principles For Effective Banking Supervision

Volume/Issue: 2019/53

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

ISBN: 9781484398982

Keywords: Bank credit, Central banks, Access to international capital markets, Related party lending, Bank capital, APRA, bank act, Adi, bank 's board, FSSA

This Detailed Assessment of Observance report specifies Base Core Principles (BCP) for effective banking supervision in Australia. An assessment of the effectiveness of banking supervision requires a review of the...

Australia

Australia »

Source: Australia : Financial System Stability Assessment

Volume/Issue: 2019/54

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

ISBN: 9781484398999

Keywords: Bank credit, Financial soundness indicators, Deposit insurance, Central banks, Nominal effective exchange rate, Bank liquidity, APRA, RBA, superannuation, household debt

This paper presents Financial System Stability Assessment of Australian financial systems. The report highlights that financial supervision and systemic risk oversight have been enhanced. And the authorities have t...

Australia: Staff Report for the 2018 Article IV Consultation

Australia: Staff Report for the 2018 Article IV Consultation »

Source: Australia : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia

Volume/Issue: 2019/55

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

ISBN: 9781484399019

Keywords: Economic growth, Credit, Unemployment, Fiscal policy, Employment, household debt, RBA, wage growth, interest-only, Haver

This Article IV Consultation highlights that Australia experienced only a minor downturn after the end of the mining investment and commodity price boom but, as elsewhere, the adjustment and rebalancing has been sl...

Australia: Staff Report for the 2018 Article IV Consultation—Informational Annex

Australia: Staff Report for the 2018 Article IV Consultation—Informational Annex »

Source: Australia : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia

Volume/Issue: 2019/55

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

ISBN: 9781484399019

Keywords: Economic growth, Credit, Unemployment, Fiscal policy, Employment, household debt, RBA, wage growth, interest-only, Haver

This Article IV Consultation highlights that Australia experienced only a minor downturn after the end of the mining investment and commodity price boom but, as elsewhere, the adjustment and rebalancing has been sl...

IMF Executive Board Concludes 2018 Article IV Consultation with Australia

IMF Executive Board Concludes 2018 Article IV Consultation with Australia »

Source: Australia : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia

Volume/Issue: 2019/55

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

ISBN: 9781484399019

Keywords: Economic growth, Credit, Unemployment, Fiscal policy, Employment, household debt, RBA, wage growth, interest-only, Haver

This Article IV Consultation highlights that Australia experienced only a minor downturn after the end of the mining investment and commodity price boom but, as elsewhere, the adjustment and rebalancing has been sl...

Australia
			: Financial Sector Assessment Program-Detailed Assessment of Observance-Basel Core Principles For Effective Banking Supervision

Australia : Financial Sector Assessment Program-Detailed Assessment of Observance-Basel Core Principles For Effective Banking Supervision »

Volume/Issue: 2019/53

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

DOI: http://dx.doi.org/10.5089/9781484398982.002

ISBN: 9781484398982

Keywords: Bank credit, Central banks, Access to international capital markets, Related party lending, Bank capital, APRA, bank act, Adi, bank 's board, FSSA

This Detailed Assessment of Observance report specifies Base Core Principles (BCP) for effective banking supervision in Australia. An assessment of the effectiveness of banking supervision requires a review of the...

Australia
			: Financial Sector Assessment Program-Technical Note-Bank Resolution and Crisis Management

Australia : Financial Sector Assessment Program-Technical Note-Bank Resolution and Crisis Management »

Volume/Issue: 2019/48

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

DOI: http://dx.doi.org/10.5089/9781484398845.002

ISBN: 9781484398845

Keywords: Central banks, Systemically important financial institutions, Banking safety nets, Bank liquidity, Deposit insurance, Financial crises, Financial services, Financial instruments, Financial institutions, Financial systems

This technical note analyzes the existing legal and institutional frameworks in Australia, including coordination arrangements and focuses on crisis preparedness, including recovery and resolution planning as well...

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

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

Volume/Issue: 2019/49

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

DOI: http://dx.doi.org/10.5089/9781484398890.002

ISBN: 9781484398890

Keywords: Economic growth, Financial crises, Consumer credit, Health insurance, Financial regulation and supervision, life insurer, APRA, ASIC, insurer, policyholder

This technical note provides an update on the Australian insurance sector and an analysis of certain key aspects of the regulatory and supervisory regime. The note analyzes the practice in relation to selected Insu...

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

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

Volume/Issue: 2019/51

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

DOI: http://dx.doi.org/10.5089/9781484398920.002

ISBN: 9781484398920

Keywords: Bank credit, Central banks, Bank liquidity, Financial soundness indicators, Systemically important financial institutions, Australian bank, liquidity, fund cost, GFC, solvency

This technical note describes the financial stability analysis undertaken as part of the Financial Sector Assessment Program that primarily focuses on assessing the resilience of the banking system. Bank solvency a...

Australia
			: Financial Sector Assessment Program-Technical Note-Supervision, Oversight and Resolution Planning of Financial Market Infrastructures

Australia : Financial Sector Assessment Program-Technical Note-Supervision, Oversight and Resolution Planning of Financial Market Infrastructures »

Volume/Issue: 2019/52

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

DOI: http://dx.doi.org/10.5089/9781484398968.002

ISBN: 9781484398968

Keywords: Economic stabilization, Clearing and settlement systems, Central banks, Payment systems, Financial crises, ASX, RBA, RITS, payment system, ACCC

This paper analyzes systemic risks related to Financial Market Infrastructures (FMI) in Australia, in particular central counterparties (CCP). Supervision and oversight of FMIs is well-established with supervisory...

Australia
			: Financial Sector Assessment Program-Technical Note-Systemic Risk Oversight and Macroprudential Policy

Australia : Financial Sector Assessment Program-Technical Note-Systemic Risk Oversight and Macroprudential Policy »

Volume/Issue: 2019/50

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

DOI: http://dx.doi.org/10.5089/9781484398906.002

ISBN: 9781484398906

Keywords: Real sector, Financial crises, Macroprudential policies and financial stability, Interest rates, Central banks, APRA, RBA, CFR, lend standard, LTV

This technical note reviews systematic risk oversight and macroprudential policy in Australia. The paper surveys key concerns affecting the Australian financial system, including the substantial increase in house p...

Australia
			: Financial System Stability Assessment

Australia : Financial System Stability Assessment »

Volume/Issue: 2019/54

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

DOI: http://dx.doi.org/10.5089/9781484398999.002

ISBN: 9781484398999

Keywords: Bank credit, Financial soundness indicators, Deposit insurance, Central banks, Nominal effective exchange rate, Bank liquidity, APRA, RBA, superannuation, household debt

This paper presents Financial System Stability Assessment of Australian financial systems. The report highlights that financial supervision and systemic risk oversight have been enhanced. And the authorities have t...

Australia
			: Selected Issues

Australia : Selected Issues »

Volume/Issue: 2019/56

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

DOI: http://dx.doi.org/10.5089/9781484399033.002

ISBN: 9781484399033

Keywords: Fiscal policy, Fiscal sector, Real effective exchange rates, Fiscal space, Economic growth, net debt, PBO, economic cycle, GFC, output gap

This Selected Issues paper evaluates Australia's experience with its principles-based fiscal framework. A key contribution of the paper is an evaluation of whether the medium-term budget balance anchor remains suit...

Australia
			: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia

Australia : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia »

Volume/Issue: 2019/55

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

DOI: http://dx.doi.org/10.5089/9781484399019.002

ISBN: 9781484399019

Keywords: Economic growth, Credit, Unemployment, Fiscal policy, Employment, household debt, RBA, wage growth, interest-only, Haver

This Article IV Consultation highlights that Australia experienced only a minor downturn after the end of the mining investment and commodity price boom but, as elsewhere, the adjustment and rebalancing has been sl...

Statement by Nigel Ray, Executive Director for Australia and Gemma Preston, Senior Advisor to Executive Director, and Anna Park, Advisor to Executive Director February 4, 2019

Statement by Nigel Ray, Executive Director for Australia and Gemma Preston, Senior Advisor to Executive Director, and Anna Park, Advisor to Executive Director February 4, 2019 »

Source: Australia : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia

Volume/Issue: 2019/55

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

ISBN: 9781484399019

Keywords: Economic growth, Credit, Unemployment, Fiscal policy, Employment, household debt, RBA, wage growth, interest-only, Haver

This Article IV Consultation highlights that Australia experienced only a minor downturn after the end of the mining investment and commodity price boom but, as elsewhere, the adjustment and rebalancing has been sl...

Australia's Linkages with China: Prospects and Ramifications of China's Economic Transition

Australia's Linkages with China: Prospects and Ramifications of China's Economic Transition »

Source: Australia's Linkages with China: Prospects and Ramifications of China's Economic Transition

Volume/Issue: 2018/119

Series: IMF Working Papers

Author(s): Philippe Karam , and Dirk Muir

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2018

ISBN: 9781484357200

Keywords: Asia and Pacific, Australia, Dynamic stochastic general equilibrium; open economy macoeconomics; small open economy; open economy simulation, Dynamic stochastic general equilibrium, open economy macoeconomics, small open economy, open economy simulation, Forecasting and Simulation, Open Economy Macroeconomics, International Policy Coordination and Transmission

China and Australia have increasingly strong links, especially through trade. These are driven by demand from China for Australian commodities (coal and iron ore) and services (tourism and education). These links a...

Australia's Linkages with China: Prospects and Ramifications of China's Economic Transition

Australia's Linkages with China: Prospects and Ramifications of China's Economic Transition »

Volume/Issue: 2018/119

Series: IMF Working Papers

Author(s): Philippe Karam , and Dirk Muir

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2018

DOI: http://dx.doi.org/10.5089/9781484357200.001

ISBN: 9781484357200

Keywords: Asia and Pacific, Australia, Dynamic stochastic general equilibrium; open economy macoeconomics; small open economy; open economy simulation, Dynamic stochastic general equilibrium, open economy macoeconomics, small open economy, open economy simulation, Forecasting and Simulation, Open Economy Macroeconomics, International Policy Coordination and Transmission

China and Australia have increasingly strong links, especially through trade. These are driven by demand from China for Australian commodities (coal and iron ore) and services (tourism and education). These links a...

Australia: Selected Issues

Australia: Selected Issues »

Source: Australia : Selected Issues

Volume/Issue: 2018/45

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2018

ISBN: 9781484341872

Keywords: Transition economies, International trade, Commodities, Infrastructure, Investment, Fiscal policy, Housing, Current account deficits, Current account balances, Inflation

This Selected Issues paper on Australia discusses prospects and ramifications of China's economic transition. Australia and China have strong linkages that are growing over time as China carries on with its economi...

Australia: Selected Issues

Australia: Selected Issues »

Source: Australia : Selected Issues

Volume/Issue: 2018/45

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2018

ISBN: 9781484341872

Keywords: Transition economies, International trade, Commodities, Infrastructure, Investment, Fiscal policy, Housing, Current account deficits, Current account balances, Inflation

This Selected Issues paper on Australia discusses prospects and ramifications of China's economic transition. Australia and China have strong linkages that are growing over time as China carries on with its economi...

Australia: Selected Issues

Australia: Selected Issues »

Source: Australia : Selected Issues

Volume/Issue: 2018/45

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2018

ISBN: 9781484341872

Keywords: Transition economies, International trade, Commodities, Infrastructure, Investment, Fiscal policy, Housing, Current account deficits, Current account balances, Inflation

This Selected Issues paper on Australia discusses prospects and ramifications of China's economic transition. Australia and China have strong linkages that are growing over time as China carries on with its economi...

Australia: Selected Issues

Australia: Selected Issues »

Source: Australia : Selected Issues

Volume/Issue: 2018/45

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2018

ISBN: 9781484341872

Keywords: Transition economies, International trade, Commodities, Infrastructure, Investment, Fiscal policy, Housing, Current account deficits, Current account balances, Inflation

This Selected Issues paper on Australia discusses prospects and ramifications of China's economic transition. Australia and China have strong linkages that are growing over time as China carries on with its economi...

Australia: Selected Issues

Australia: Selected Issues »

Source: Australia : Selected Issues

Volume/Issue: 2018/45

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2018

ISBN: 9781484341872

Keywords: Transition economies, International trade, Commodities, Infrastructure, Investment, Fiscal policy, Housing, Current account deficits, Current account balances, Inflation

This Selected Issues paper on Australia discusses prospects and ramifications of China's economic transition. Australia and China have strong linkages that are growing over time as China carries on with its economi...

Australia: Staff Report for the 2017 Article IV Consultation

Australia: Staff Report for the 2017 Article IV Consultation »

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

Volume/Issue: 2018/44

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2018

ISBN: 9781484341827

Keywords: Article IV consultation reports, Employment, Monetary policy, Fiscal policy, Housing, Supply-side policy, Tax reforms, Economic growth, Economic indicators, Balance of payments statistics

This 2017 Article IV Consultation highlights that Australia has enjoyed a comparatively robust economic performance while adjusting to the end of the commodity price and mining investment booms of the 2000s. The re...

Australia: Staff Report for the 2017 Article IV Consultation—Informational Annex

Australia: Staff Report for the 2017 Article IV Consultation—Informational Annex »

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

Volume/Issue: 2018/44

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2018

ISBN: 9781484341827

Keywords: Article IV consultation reports, Employment, Monetary policy, Fiscal policy, Housing, Supply-side policy, Tax reforms, Economic growth, Economic indicators, Balance of payments statistics

This 2017 Article IV Consultation highlights that Australia has enjoyed a comparatively robust economic performance while adjusting to the end of the commodity price and mining investment booms of the 2000s. The re...

IMF Executive Board Concludes 2017 Article IV Consultation with Australia

IMF Executive Board Concludes 2017 Article IV Consultation with Australia »

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

Volume/Issue: 2018/44

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2018

ISBN: 9781484341827

Keywords: Article IV consultation reports, Employment, Monetary policy, Fiscal policy, Housing, Supply-side policy, Tax reforms, Economic growth, Economic indicators, Balance of payments statistics

This 2017 Article IV Consultation highlights that Australia has enjoyed a comparatively robust economic performance while adjusting to the end of the commodity price and mining investment booms of the 2000s. The re...

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

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

Volume/Issue: 2018/44

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2018

DOI: http://dx.doi.org/10.5089/9781484341827.002

ISBN: 9781484341827

Keywords: Article IV consultation reports, Employment, Monetary policy, Fiscal policy, Housing, Supply-side policy, Tax reforms, Economic growth, Economic indicators, Balance of payments statistics

This 2017 Article IV Consultation highlights that Australia has enjoyed a comparatively robust economic performance while adjusting to the end of the commodity price and mining investment booms of the 2000s. The re...

Australia
			: Selected Issues

Australia : Selected Issues »

Volume/Issue: 2018/45

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2018

DOI: http://dx.doi.org/10.5089/9781484338322.002

ISBN: 9781484341872

Keywords: Transition economies, International trade, Commodities, Infrastructure, Investment, Fiscal policy, Housing, Current account deficits, Current account balances, Inflation

This Selected Issues paper on Australia discusses prospects and ramifications of China's economic transition. Australia and China have strong linkages that are growing over time as China carries on with its economi...

Statement by Christine Barron, Alternate Exeutive Director, Gemma Preston, Senior Advisor, and Anna Park, Advisor, February 7, 2018

Statement by Christine Barron, Alternate Exeutive Director, Gemma Preston, Senior Advisor, and Anna Park, Advisor, February 7, 2018 »

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

Volume/Issue: 2018/44

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2018

ISBN: 9781484341827

Keywords: Article IV consultation reports, Employment, Monetary policy, Fiscal policy, Housing, Supply-side policy, Tax reforms, Economic growth, Economic indicators, Balance of payments statistics

This 2017 Article IV Consultation highlights that Australia has enjoyed a comparatively robust economic performance while adjusting to the end of the commodity price and mining investment booms of the 2000s. The re...

Statement by the IMF Staff Representative, February 7, 2018

Statement by the IMF Staff Representative, February 7, 2018 »

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

Volume/Issue: 2018/44

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2018

ISBN: 9781484341827

Keywords: Article IV consultation reports, Employment, Monetary policy, Fiscal policy, Housing, Supply-side policy, Tax reforms, Economic growth, Economic indicators, Balance of payments statistics

This 2017 Article IV Consultation highlights that Australia has enjoyed a comparatively robust economic performance while adjusting to the end of the commodity price and mining investment booms of the 2000s. The re...

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

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

Source: 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

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...

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...

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...

Labor Market Adjustments to Shocks in Australia

Labor Market Adjustments to Shocks in Australia »

Source: 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

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...

Australia: Selected Issues

Australia: Selected Issues »

Source: 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

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...

Australia: Selected Issues

Australia: Selected Issues »

Source: 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

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...

Australia: Selected Issues

Australia: Selected Issues »

Source: 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

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...

Australia: Staff Report for the 2016 Article IV Consultation

Australia: Staff Report for the 2016 Article IV Consultation »

Source: 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

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: Staff Report for the 2016 Article IV Consultation—Informational Annex

Australia: Staff Report for the 2016 Article IV Consultation—Informational Annex »

Source: 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

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...

IMF Executive Board Concludes 2016 Article IV Consultation with Australia

IMF Executive Board Concludes 2016 Article IV Consultation with Australia »

Source: 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

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
			: 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...

Statement by Christine Barron, Alternate Executive Director for Australia and Christopher Stewart, Advisor to Executive Director, February 3, 2017

Statement by Christine Barron, Alternate Executive Director for Australia and Christopher Stewart, Advisor to Executive Director, February 3, 2017 »

Source: 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

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...

Statement by the IMF Staff Representative on Australia, February 3, 2017

Statement by the IMF Staff Representative on Australia, February 3, 2017 »

Source: 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

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...

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...

How to Improve the Financial Oversight of Public Corporations

How to Improve the Financial Oversight of Public Corporations »

Source: 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

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...

Can Reform Waves Turn the Tide? Some Case Studies Using the Synthetic Control Method1

Can Reform Waves Turn the Tide? Some Case Studies Using the Synthetic Control Method1 »

Source: Can Reform Waves Turn the Tide? Some Case Studies Using the Synthetic Control Method

Volume/Issue: 2016/171

Series: IMF Working Papers

Author(s): Bibek Adhikari , Romain Duval , Bingjie Hu , and Prakash Loungani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 August 2016

ISBN: 9781475524277

Keywords: structural reforms, synthetic control method,liberalization, labor and productivity market reforms, growth.

A number of advanced economies carried out a sequence of extensive reforms of their labor and product markets in the 1990s and early 2000s. Using the Synthetic Control Method (SCM), this paper implements six case s...

Can Reform Waves Turn the Tide? Some Case Studies Using the Synthetic Control Method

Can Reform Waves Turn the Tide? Some Case Studies Using the Synthetic Control Method »

Volume/Issue: 2016/171

Series: IMF Working Papers

Author(s): Bibek Adhikari , Romain Duval , Bingjie Hu , and Prakash Loungani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 August 2016

DOI: http://dx.doi.org/10.5089/9781475524277.001

ISBN: 9781475524277

Keywords: structural reforms, synthetic control method,liberalization, labor and productivity market reforms, growth.

A number of advanced economies carried out a sequence of extensive reforms of their labor and product markets in the 1990s and early 2000s. Using the Synthetic Control Method (SCM), this paper implements six case s...

Asia: A Survey of Gender Budgeting Efforts

Asia: A Survey of Gender Budgeting Efforts »

Source: Asia : A Survey of Gender Budgeting Efforts

Volume/Issue: 2016/150

Series: IMF Working Papers

Author(s): Lekha Chakraborty

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 July 2016

ISBN: 9781475519914

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

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

Asia
			: A Survey of Gender Budgeting Efforts

Asia : A Survey of Gender Budgeting Efforts »

Volume/Issue: 2016/150

Series: IMF Working Papers

Author(s): Lekha Chakraborty

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 July 2016

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

ISBN: 9781475519914

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

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

The Role of Fiscal Transfers in Smoothing Regional Shocks
			: Evidence from Existing Federations

The Role of Fiscal Transfers in Smoothing Regional Shocks : Evidence from Existing Federations »

Volume/Issue: 2016/141

Series: IMF Working Papers

Author(s): Tigran Poghosyan , Abdelhak Senhadji , and Carlo Cottarelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 July 2016

DOI: http://dx.doi.org/10.5089/9781498379601.001

ISBN: 9781498379601

Keywords: public debt cycles, credit cycles, asset price cycles, duration analysis

We assess the extent to which fiscal transfers smooth regional shocks in three large federations: the U.S., Canada, and Australia. We find that fiscal transfers offset 4-11 percent of idiosyncratic shocks (risk-sha...

The Role of Fiscal Transfers in Smoothing Regional Shocks

The Role of Fiscal Transfers in Smoothing Regional Shocks »

Source: The Role of Fiscal Transfers in Smoothing Regional Shocks : Evidence from Existing Federations

Volume/Issue: 2016/141

Series: IMF Working Papers

Author(s): Tigran Poghosyan , Abdelhak Senhadji , and Carlo Cottarelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 July 2016

ISBN: 9781498379601

Keywords: public debt cycles, credit cycles, asset price cycles, duration analysis

We assess the extent to which fiscal transfers smooth regional shocks in three large federations: the U.S., Canada, and Australia. We find that fiscal transfers offset 4-11 percent of idiosyncratic shocks (risk-sha...

Introducing an Advance Tax Ruling (ATR) Regime

Introducing an Advance Tax Ruling (ATR) Regime »

Source: Introducing an Advance Tax Ruling (ATR) Regime

Volume: 1

Series: Tax Law Technical Note

Author(s): Christophe Waerzeggers , and Cory Hillier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2016

ISBN: 9781513511610

Keywords: United Kingdom, United States, Western Hemisphere, Netherlands, South Africa, Sub-Saharan Africa, Taxation, Asia and Pacific, Australia, Europe

Advance tax rulings are a common feature of mature tax systems. The tax systems of the United States, the United Kingdom, the Netherlands, Germany, Australia, and South Africa all have established ruling practices....

Introducing an Advance Tax Ruling (ATR) Regime

Introducing an Advance Tax Ruling (ATR) Regime »

Volume: 1

Series: Tax Law Technical Note

Author(s): Christophe Waerzeggers , and Cory Hillier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2016

DOI: http://dx.doi.org/10.5089/9781513511610.008

ISBN: 9781513511610

Keywords: United Kingdom, United States, Western Hemisphere, Netherlands, South Africa, Sub-Saharan Africa, Taxation, Asia and Pacific, Australia, Europe

Advance tax rulings are a common feature of mature tax systems. The tax systems of the United States, the United Kingdom, the Netherlands, Germany, Australia, and South Africa all have established ruling practices....

Bank Solvency and Funding Cost

Bank Solvency and Funding Cost »

Source: Bank Solvency and Funding Cost

Volume/Issue: 2016/64

Series: IMF Working Papers

Author(s): Christoph Aymanns , Carlos Caceres , Christina Daniel , and Liliana Schumacher

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 2016

ISBN: 9781513591131

Keywords: Solvency, funding cost, bank fundamentals, bank, banks, interest, capital, risk, General, All Countries,

Understanding the interaction between bank solvency and funding cost is a crucial pre-requisite for stress-testing. In this paper we study the sensitivity of bank funding cost to solvency measures while controlling...

Bank Solvency and Funding Cost

Bank Solvency and Funding Cost »

Volume/Issue: 2016/64

Series: IMF Working Papers

Author(s): Christoph Aymanns , Carlos Caceres , Christina Daniel , and Liliana Schumacher

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 2016

DOI: http://dx.doi.org/10.5089/9781513591131.001

ISBN: 9781513591131

Keywords: Solvency, funding cost, bank fundamentals, bank, banks, interest, capital, risk, General, All Countries,

Understanding the interaction between bank solvency and funding cost is a crucial pre-requisite for stress-testing. In this paper we study the sensitivity of bank funding cost to solvency measures while controlling...

Fiscal Analysis of Resource Industries

Fiscal Analysis of Resource Industries »

Source: Fiscal Analysis of Resource Industries : (FARI Methodology)

Volume: 2016

Series: Technical Notes and Manuals

Author(s): Oana Luca , and Diego Mesa Puyo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 February 2016

ISBN: 9781513575117

Keywords: Mining taxation, petroleum taxation, fiscal regime design, tax, instruments, revenue, valuation, cash flows, General, Business Taxes and Subsidies

This manual introduces key concepts and methodology used by the Fiscal Affairs Department (FAD) in its fiscal analysis of resource industries (FARI) framework. Proper evaluation of fiscal regimes for extractive ind...

Fiscal Analysis of Resource Industries
			: (FARI Methodology)

Fiscal Analysis of Resource Industries : (FARI Methodology) »

Volume: 16

Series: Technical Notes and Manuals

Author(s): Oana Luca , and Diego Mesa Puyo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 February 2016

DOI: http://dx.doi.org/10.5089/9781513575117.005

ISBN: 9781513575117

Keywords: Mining taxation, petroleum taxation, fiscal regime design, tax, instruments, revenue, valuation, cash flows, General, Business Taxes and Subsidies

This manual introduces key concepts and methodology used by the Fiscal Affairs Department (FAD) in its fiscal analysis of resource industries (FARI) framework. Proper evaluation of fiscal regimes for extractive ind...

Trading on Their Terms? Commodity Exporters in the Aftermath of the Commodity Boom

Trading on Their Terms? Commodity Exporters in the Aftermath of the Commodity Boom »

Volume/Issue: 2016/27

Series: IMF Working Papers

Author(s): Aqib Aslam , Samya Beidas-Strom , Rudolfs Bems , Oya Celasun , Sinem Kılıç Çelik , and Zsoka Koczan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 February 2016

DOI: http://dx.doi.org/10.5089/9781498338158.001

ISBN: 9781498338158

Keywords: Resource Boom, commodity, output, trade, price, prices, Global Commodity Crises, Resource Booms, All Countries,, Natural resources

Commodity prices have declined sharply over the past three years, and output growth has slowed considerably among countries that are net exporters of commodities. A critical question for policy makers in these econ...

Trading on Their Terms? Commodity Exporters in the Aftermath of the Commodity Boom1

Trading on Their Terms? Commodity Exporters in the Aftermath of the Commodity Boom1 »

Source: Trading on Their Terms? Commodity Exporters in the Aftermath of the Commodity Boom

Volume/Issue: 2016/27

Series: IMF Working Papers

Author(s): Aqib Aslam , Samya Beidas-Strom , Rudolfs Bems , Oya Celasun , Sinem Kılıç Çelik , and Zsoka Koczan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 February 2016

ISBN: 9781498338158

Keywords: Resource Boom, commodity, output, trade, price, prices, Global Commodity Crises, Resource Booms, All Countries,, Natural resources

Commodity prices have declined sharply over the past three years, and output growth has slowed considerably among countries that are net exporters of commodities. A critical question for policy makers in these econ...

Introducing a General Anti-Avoidance Rule (GAAR)

Introducing a General Anti-Avoidance Rule (GAAR) »

Source: Introducing a General Anti-Avoidance Rule (GAAR) : Ensuring That a GAAR Achieves Its Purpose

Volume: 1

Series: Tax Law Technical Note

Author(s): Christophe Waerzeggers , and Cory Hillier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 January 2016

ISBN: 9781513515823

Keywords: Tax evasion, Tax regimes, Tax systems, tax, tax benefit, tax law, transaction, tax avoidance

Tax avoidance continues to attract attention globally with strong support for tax law reform at all levels. This Tax Law IMF Technical Note focuses on some of the key design and drafting considerations of one speci...

Introducing a General Anti-Avoidance Rule (GAAR)
			: Ensuring That a GAAR Achieves Its Purpose

Introducing a General Anti-Avoidance Rule (GAAR) : Ensuring That a GAAR Achieves Its Purpose »

Volume: 1

Series: Tax Law Technical Note

Author(s): Christophe Waerzeggers , and Cory Hillier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 January 2016

DOI: http://dx.doi.org/10.5089/9781513515823.008

ISBN: 9781513515823

Keywords: Tax evasion, Tax regimes, Tax systems, tax, tax benefit, tax law, transaction, tax avoidance

Tax avoidance continues to attract attention globally with strong support for tax law reform at all levels. This Tax Law IMF Technical Note focuses on some of the key design and drafting considerations of one speci...

The Whole Elephant
			: A Proposal for Integrating Cash, Accrual, and Sustainability-Gap Accounts

The Whole Elephant : A Proposal for Integrating Cash, Accrual, and Sustainability-Gap Accounts »

Volume/Issue: 2015/261

Series: IMF Working Papers

Author(s): Timothy Irwin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2015

DOI: http://dx.doi.org/10.5089/9781513597492.001

ISBN: 9781513597492

Keywords: Accrual accounts, comprehensive accounts, factor income distribution, budget deficit, deficit, accounting, transactions, All Countries,

Although the budget deficit is much discussed in political debate and economic research, there is no agreement on how it should be measured. There are at least four options, which can be called the cash deficit, th...

The Whole Elephant

The Whole Elephant »

Source: The Whole Elephant : A Proposal for Integrating Cash, Accrual, and Sustainability-Gap Accounts

Volume/Issue: 2015/261

Series: IMF Working Papers

Author(s): Timothy Irwin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2015

ISBN: 9781513597492

Keywords: Accrual accounts, comprehensive accounts, factor income distribution, budget deficit, deficit, accounting, transactions, All Countries,

Although the budget deficit is much discussed in political debate and economic research, there is no agreement on how it should be measured. There are at least four options, which can be called the cash deficit, th...

Contingent Liabilities from Banks

Contingent Liabilities from Banks »

Source: Contingent Liabilities from Banks : How to Track Them?

Volume/Issue: 2015/255

Series: IMF Working Papers

Author(s): Serkan Arslanalp , and Yin Liao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 December 2015

ISBN: 9781513568560

Keywords: bank, banks, banking, risk, Government Policy and Regulation, All Countries,

In this paper, we develop a methodology to assess potential losses to the government that could arise from bank failures. The approach is intended to be simple, parsimonious, and used in real time. It generates an...

Contingent Liabilities from Banks
			: How to Track Them?

Contingent Liabilities from Banks : How to Track Them? »

Volume/Issue: 2015/255

Series: IMF Working Papers

Author(s): Serkan Arslanalp , and Yin Liao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 December 2015

DOI: http://dx.doi.org/10.5089/9781513568560.001

ISBN: 9781513568560

Keywords: bank, banks, banking, risk, Government Policy and Regulation, All Countries,

In this paper, we develop a methodology to assess potential losses to the government that could arise from bank failures. The approach is intended to be simple, parsimonious, and used in real time. It generates an...

Recognizing the Bias
			: Financial Cycles and Fiscal Policy

Recognizing the Bias : Financial Cycles and Fiscal Policy »

Volume/Issue: 2015/246

Series: IMF Working Papers

Author(s): Nina Budina , Borja Gracia , Xingwei Hu , and Sergejs Saksonovs

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 November 2015

DOI: http://dx.doi.org/10.5089/9781513508863.001

ISBN: 9781513508863

Keywords: housing cycles, private debt, debt bias, debt, price, output, prices, International Lending and Debt Problems, All Countries, debt bias.,

This paper argues that asset price cycles have significant effects on fiscal outcomes. In particular, there is evidence of debt bias-the tendency of debt to increase over the cycle- that is significantly larger for...

Recognizing the Bias

Recognizing the Bias »

Source: Recognizing the Bias : Financial Cycles and Fiscal Policy

Volume/Issue: 2015/246

Series: IMF Working Papers

Author(s): Nina Budina , Borja Gracia , Xingwei Hu , and Sergejs Saksonovs

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 November 2015

ISBN: 9781513508863

Keywords: housing cycles, private debt, debt bias, debt, price, output, prices, International Lending and Debt Problems, All Countries, debt bias.,

This paper argues that asset price cycles have significant effects on fiscal outcomes. In particular, there is evidence of debt bias-the tendency of debt to increase over the cycle- that is significantly larger for...

Australia: Selected Issues

Australia: Selected Issues »

Source: Australia : Selected Issues

Volume/Issue: 2015/275

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2015

ISBN: 9781513556499

Keywords: prices, income, interest, supply, debt

This Selected Issues paper analyzes the housing prices in Australia. Housing prices in Australia have increased strongly over the past two decades, including by comparison internationally. Thus housing prices are o...

Australia: Selected Issues

Australia: Selected Issues »

Source: Australia : Selected Issues

Volume/Issue: 2015/275

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2015

ISBN: 9781513556499

Keywords: prices, income, interest, supply, debt

This Selected Issues paper analyzes the housing prices in Australia. Housing prices in Australia have increased strongly over the past two decades, including by comparison internationally. Thus housing prices are o...

Australia: Selected Issues

Australia: Selected Issues »

Source: Australia : Selected Issues

Volume/Issue: 2015/275

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2015

ISBN: 9781513556499

Keywords: prices, income, interest, supply, debt

This Selected Issues paper analyzes the housing prices in Australia. Housing prices in Australia have increased strongly over the past two decades, including by comparison internationally. Thus housing prices are o...

Australia: Staff Report for the 2015 Article IV Consultation

Australia: Staff Report for the 2015 Article IV Consultation »

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

Volume/Issue: 2015/274

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2015

ISBN: 9781513543239

This 2015 Article IV Consultation highlights that the Australia's economy is now facing a large transition as the mining investment boom winds down and the terms of trade has fallen back. Growth has been below tren...

Australia: Staff Report for the 2015 Article IV Consultation—Informational Annex

Australia: Staff Report for the 2015 Article IV Consultation—Informational Annex »

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

Volume/Issue: 2015/274

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2015

ISBN: 9781513543239

This 2015 Article IV Consultation highlights that the Australia's economy is now facing a large transition as the mining investment boom winds down and the terms of trade has fallen back. Growth has been below tren...

Australia: Staff Report for the 2015 Article IV Consultation—Supplementary Information

Australia: Staff Report for the 2015 Article IV Consultation—Supplementary Information »

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

Volume/Issue: 2015/274

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2015

ISBN: 9781513543239

This 2015 Article IV Consultation highlights that the Australia's economy is now facing a large transition as the mining investment boom winds down and the terms of trade has fallen back. Growth has been below tren...

IMF Executive Board Concludes 2015 Article IV Consultation with Australia

IMF Executive Board Concludes 2015 Article IV Consultation with Australia »

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

Volume/Issue: 2015/274

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2015

ISBN: 9781513543239

This 2015 Article IV Consultation highlights that the Australia's economy is now facing a large transition as the mining investment boom winds down and the terms of trade has fallen back. Growth has been below tren...

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

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

Volume/Issue: 2015/274

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2015

DOI: http://dx.doi.org/10.5089/9781513543239.002

ISBN: 9781513543239

This 2015 Article IV Consultation highlights that the Australia's economy is now facing a large transition as the mining investment boom winds down and the terms of trade has fallen back. Growth has been below tren...

Australia
			: Selected Issues

Australia : Selected Issues »

Volume/Issue: 2015/275

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2015

DOI: http://dx.doi.org/10.5089/9781513556499.002

ISBN: 9781513556499

Keywords: prices, income, interest, supply, debt

This Selected Issues paper analyzes the housing prices in Australia. Housing prices in Australia have increased strongly over the past two decades, including by comparison internationally. Thus housing prices are o...

Statement by Barry Sterland, Executive Director for Australia and Christopher Stewart, Advisor to Executive Director, 14, 2015

Statement by Barry Sterland, Executive Director for Australia and Christopher Stewart, Advisor to Executive Director, 14, 2015 »

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

Volume/Issue: 2015/274

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2015

ISBN: 9781513543239

This 2015 Article IV Consultation highlights that the Australia's economy is now facing a large transition as the mining investment boom winds down and the terms of trade has fallen back. Growth has been below tren...

Getting the Dog to Bark

Getting the Dog to Bark »

Source: Getting the Dog to Bark : Disclosing Fiscal Risks from the Financial Sector

Volume/Issue: 2015/208

Series: IMF Working Papers

Author(s): Timothy Irwin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 September 2015

ISBN: 9781513507736

Keywords: Implicit guarantees, fiscal risks, financial crisis, budget reports, guarantees, debt, liabilities, Forecasts of Budgets, Deficits, and Debt,

Fiscal reporting is intended to warn of fiscal crises while there is still time to prevent them. The recent crisis thus seems to reveal a failure of fiscal reporting: before the crisis, even reports on fiscal risk...

Getting the Dog to Bark
			: Disclosing Fiscal Risks from the Financial Sector

Getting the Dog to Bark : Disclosing Fiscal Risks from the Financial Sector »

Volume/Issue: 2015/208

Series: IMF Working Papers

Author(s): Timothy Irwin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 September 2015

DOI: http://dx.doi.org/10.5089/9781513507736.001

ISBN: 9781513507736

Keywords: Implicit guarantees, fiscal risks, financial crisis, budget reports, guarantees, debt, liabilities, Forecasts of Budgets, Deficits, and Debt,

Fiscal reporting is intended to warn of fiscal crises while there is still time to prevent them. The recent crisis thus seems to reveal a failure of fiscal reporting: before the crisis, even reports on fiscal risk...