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Bulgaria: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Bulgaria

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Bulgaria: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Bulgaria »

Source: Bulgaria : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria

Volume/Issue: 2021/027

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568119

Keywords: COVID-19 , Expenditure, Income, Loans, Income inequality, ISCR, CR, policy priority, authorities' policy response, Bulgarian authorities

The economy contracted sharply amid two waves of COVID-19 infections, with the government providing sizable policy support. The outlook is very uncertain and the main challenge facing policymakers is to keep adjust...

Bulgaria: Staff Report for the 2020 Article IV Consultation—Informational Annex

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Bulgaria: Staff Report for the 2020 Article IV Consultation—Informational Annex »

Source: Bulgaria : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria

Volume/Issue: 2021/027

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568119

Keywords: COVID-19 , Expenditure, Income, Loans, Income inequality, ISCR, CR, policy priority, authorities' policy response, Bulgarian authorities

The economy contracted sharply amid two waves of COVID-19 infections, with the government providing sizable policy support. The outlook is very uncertain and the main challenge facing policymakers is to keep adjust...

IMF Executive Board Concludes 2020 Article IV Consultation with Bulgaria

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IMF Executive Board Concludes 2020 Article IV Consultation with Bulgaria »

Source: Bulgaria : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria

Volume/Issue: 2021/027

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568119

Keywords: COVID-19 , Expenditure, Income, Loans, Income inequality, ISCR, CR, policy priority, authorities' policy response, Bulgarian authorities

The economy contracted sharply amid two waves of COVID-19 infections, with the government providing sizable policy support. The outlook is very uncertain and the main challenge facing policymakers is to keep adjust...

Bulgaria
			: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria

New
Bulgaria : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria »

Volume/Issue: 2021/027

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

DOI: http://dx.doi.org/10.5089/9781513568119.002

ISBN: 9781513568119

Keywords: COVID-19 , Expenditure, Income, Loans, Income inequality, ISCR, CR, policy priority, authorities' policy response, Bulgarian authorities

The economy contracted sharply amid two waves of COVID-19 infections, with the government providing sizable policy support. The outlook is very uncertain and the main challenge facing policymakers is to keep adjust...

Statement by Mr. Paul Hilbers, Executive Director for Bulgaria and Mr. Tsvetan Manchev, Advisor to the Executive Director January 27, 2021

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Statement by Mr. Paul Hilbers, Executive Director for Bulgaria and Mr. Tsvetan Manchev, Advisor to the Executive Director January 27, 2021 »

Source: Bulgaria : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria

Volume/Issue: 2021/027

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568119

Keywords: COVID-19 , Expenditure, Income, Loans, Income inequality, ISCR, CR, policy priority, authorities' policy response, Bulgarian authorities

The economy contracted sharply amid two waves of COVID-19 infections, with the government providing sizable policy support. The outlook is very uncertain and the main challenge facing policymakers is to keep adjust...

Poverty and Social Protection in Bulgaria

Poverty and Social Protection in Bulgaria »

Volume/Issue: 2020/147

Series: IMF Working Papers

Author(s): Jean-Jacques Hallaert

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 July 2020

DOI: http://dx.doi.org/10.5089/9781513550190.001

ISBN: 9781513550190

Keywords: Social security, Income distribution, Labor policy, Social benefits, Social policy, Inequality, Poverty, Social Protection, Bulgaria, European Union

Absolute poverty has dropped markedly in Bulgaria but income inequality has increased substantially in the aftermath of the GFC. This increase is due to a rise in market income inequality that was compounded by a r...

Poverty and Social Protection in Bulgaria

Poverty and Social Protection in Bulgaria »

Source: Poverty and Social Protection in Bulgaria

Volume/Issue: 2020/147

Series: IMF Working Papers

Author(s): Jean-Jacques Hallaert

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 July 2020

ISBN: 9781513550190

Keywords: Social security, Income distribution, Labor policy, Social benefits, Social policy, Inequality, Poverty, Social Protection, Bulgaria, European Union

Absolute poverty has dropped markedly in Bulgaria but income inequality has increased substantially in the aftermath of the GFC. This increase is due to a rise in market income inequality that was compounded by a r...

Bulgaria

Bulgaria »

Source: Bulgaria : Technical Assistance Report-Bank Supervision

Volume/Issue: 2019/142

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 May 2019

ISBN: 9781498316439

Keywords: Central banks, Mortgages, Basel Core Principles, Risk management, Credit risk, Eba, BNB, NPL, KRI, internal control

This Technical Assistance report on Bulgaria reviews the formalization and implementation of a comprehensive Supervisory and Review and Evaluation Process (SREP) that includes an explicit and detailed supervisory P...

Bulgaria
			: Technical Assistance Report-Bank Supervision

Bulgaria : Technical Assistance Report-Bank Supervision »

Volume/Issue: 2019/142

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 May 2019

DOI: http://dx.doi.org/10.5089/9781498316439.002

ISBN: 9781498316439

Keywords: Central banks, Mortgages, Basel Core Principles, Risk management, Credit risk, Eba, BNB, NPL, KRI, internal control

This Technical Assistance report on Bulgaria reviews the formalization and implementation of a comprehensive Supervisory and Review and Evaluation Process (SREP) that includes an explicit and detailed supervisory P...

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

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

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

Volume/Issue: 2019/83

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2019

ISBN: 9781498304665

Keywords: Economic growth, Monetary statistics, Central banks, Gross domestic product, Consumption, BNB, staff report, HICP, ERM II, SOEs

This Article IV Consultation highlights that economic performance remains robust but risks to the outlook are tilted to the downside amid slowing external demand. Sound macroeconomic policies notwithstanding, Bulga...

Bulgaria: Selected Issues

Bulgaria: Selected Issues »

Source: Bulgaria : Selected Issues

Volume/Issue: 2019/84

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2019

ISBN: 9781498304696

Keywords: Total factor productivity, Commodity markets, Tax evasion, Money laundering, Public procurement, productivity growth, TFP, SOEs, AML, CFT

This Selected Issues paper examines corporate productivity growth in Bulgaria using firm-level data. Firms with a higher share of innovative assets and lower financial distress are estimated to have higher producti...

Bulgaria: Selected Issues

Bulgaria: Selected Issues »

Source: Bulgaria : Selected Issues

Volume/Issue: 2019/84

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2019

ISBN: 9781498304696

Keywords: Total factor productivity, Commodity markets, Tax evasion, Money laundering, Public procurement, productivity growth, TFP, SOEs, AML, CFT

This Selected Issues paper examines corporate productivity growth in Bulgaria using firm-level data. Firms with a higher share of innovative assets and lower financial distress are estimated to have higher producti...

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

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

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

Volume/Issue: 2019/83

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2019

ISBN: 9781498304665

Keywords: Economic growth, Monetary statistics, Central banks, Gross domestic product, Consumption, BNB, staff report, HICP, ERM II, SOEs

This Article IV Consultation highlights that economic performance remains robust but risks to the outlook are tilted to the downside amid slowing external demand. Sound macroeconomic policies notwithstanding, Bulga...

Bulgaria: Staff Report for the 2019 Article IV Consultation—Supplementary Information

Bulgaria: Staff Report for the 2019 Article IV Consultation—Supplementary Information »

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

Volume/Issue: 2019/83

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2019

ISBN: 9781498304665

Keywords: Economic growth, Monetary statistics, Central banks, Gross domestic product, Consumption, BNB, staff report, HICP, ERM II, SOEs

This Article IV Consultation highlights that economic performance remains robust but risks to the outlook are tilted to the downside amid slowing external demand. Sound macroeconomic policies notwithstanding, Bulga...

IMF Executive Board Concludes the 2019 Article IV Consultation with Bulgaria

IMF Executive Board Concludes the 2019 Article IV Consultation with Bulgaria »

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

Volume/Issue: 2019/83

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2019

ISBN: 9781498304665

Keywords: Economic growth, Monetary statistics, Central banks, Gross domestic product, Consumption, BNB, staff report, HICP, ERM II, SOEs

This Article IV Consultation highlights that economic performance remains robust but risks to the outlook are tilted to the downside amid slowing external demand. Sound macroeconomic policies notwithstanding, Bulga...

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

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

Volume/Issue: 2019/83

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2019

DOI: http://dx.doi.org/10.5089/9781498304665.002

ISBN: 9781498304665

Keywords: Economic growth, Monetary statistics, Central banks, Gross domestic product, Consumption, BNB, staff report, HICP, ERM II, SOEs

This Article IV Consultation highlights that economic performance remains robust but risks to the outlook are tilted to the downside amid slowing external demand. Sound macroeconomic policies notwithstanding, Bulga...

Bulgaria
			: Selected Issues

Bulgaria : Selected Issues »

Volume/Issue: 2019/84

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2019

DOI: http://dx.doi.org/10.5089/9781498304696.002

ISBN: 9781498304696

Keywords: Total factor productivity, Commodity markets, Tax evasion, Money laundering, Public procurement, productivity growth, TFP, SOEs, AML, CFT

This Selected Issues paper examines corporate productivity growth in Bulgaria using firm-level data. Firms with a higher share of innovative assets and lower financial distress are estimated to have higher producti...

Statement by Mr. Doornbosch, Alternate Executive Director for Bulgaria and Mr. Manchev, Advisor to the Executive Director March 20, 2019

Statement by Mr. Doornbosch, Alternate Executive Director for Bulgaria and Mr. Manchev, Advisor to the Executive Director March 20, 2019 »

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

Volume/Issue: 2019/83

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2019

ISBN: 9781498304665

Keywords: Economic growth, Monetary statistics, Central banks, Gross domestic product, Consumption, BNB, staff report, HICP, ERM II, SOEs

This Article IV Consultation highlights that economic performance remains robust but risks to the outlook are tilted to the downside amid slowing external demand. Sound macroeconomic policies notwithstanding, Bulga...

1. Domestic Expansion Running into External Turbulence

1. Domestic Expansion Running into External Turbulence »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Activity continued to expand in the first half of 2018, but at a slower-than-expected pace, mainly in advanced Europe. The external environment has become less supportive, with slow...

Executive Summary

Executive Summary »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment...

2. Macroprudential Policies and House Prices in Europe: An Overview of Recent Experiences

2. Macroprudential Policies and House Prices in Europe: An Overview of Recent Experiences »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

This chapter documents the increasing use of macroprudential policies (MaPPs) in Europe in recent years to build financial resilience, contain general and sectoral credit growth, an...

Regional Economic Outlook, October 2018, Europe
			: Domestic Expansion Running into External Turbulence

Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

DOI: http://dx.doi.org/10.5089/9781484375402.086

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment and wages, remains the main engin...

Front Matter

Front Matter »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment and wages, remains the main engin...

Bulgaria: Selected Issues

Bulgaria: Selected Issues »

Source: Bulgaria : Selected Issues

Volume/Issue: 2018/47

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2018

ISBN: 9781484342107

Keywords: Debt burden, Corporate sector, Private investment, Public investment, Government expenditures, Education, Selected issues, Bulgaria, Investment, Public investments

This Selected Issues paper investigates the role of debt overhang in explaining weak nonfinancial corporate (NFC) investment in Bulgaria using firm-level data. The study confirms a negative association between meas...

Bulgaria: Selected Issues

Bulgaria: Selected Issues »

Source: Bulgaria : Selected Issues

Volume/Issue: 2018/47

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2018

ISBN: 9781484342107

Keywords: Debt burden, Corporate sector, Private investment, Public investment, Government expenditures, Education, Selected issues, Bulgaria, Investment, Public investments

This Selected Issues paper investigates the role of debt overhang in explaining weak nonfinancial corporate (NFC) investment in Bulgaria using firm-level data. The study confirms a negative association between meas...

Bulgaria: Staff Report for the 2017 Article IV Consultation

Bulgaria: Staff Report for the 2017 Article IV Consultation »

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

Volume/Issue: 2018/46

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2018

ISBN: 9781484342015

Keywords: Article IV consultation reports, Financial sector, Fiscal policy, Fiscal reforms, Labor markets, Economic indicators, Balance of payments statistics, Debt sustainability analysis, Press releases, Staff Reports

This 2017 Article IV Consultation highlights that the Bulgarian economy is performing well. Growth has been on an upward trend and is estimated to reach 3.8 percent in 2017 and 2018, driven by strong exports, easie...

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

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

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

Volume/Issue: 2018/46

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2018

ISBN: 9781484342015

Keywords: Article IV consultation reports, Financial sector, Fiscal policy, Fiscal reforms, Labor markets, Economic indicators, Balance of payments statistics, Debt sustainability analysis, Press releases, Staff Reports

This 2017 Article IV Consultation highlights that the Bulgarian economy is performing well. Growth has been on an upward trend and is estimated to reach 3.8 percent in 2017 and 2018, driven by strong exports, easie...

IMF Executive Board Concludes the 2017 Article IV Consultation with Bulgaria

IMF Executive Board Concludes the 2017 Article IV Consultation with Bulgaria »

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

Volume/Issue: 2018/46

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2018

ISBN: 9781484342015

Keywords: Article IV consultation reports, Financial sector, Fiscal policy, Fiscal reforms, Labor markets, Economic indicators, Balance of payments statistics, Debt sustainability analysis, Press releases, Staff Reports

This 2017 Article IV Consultation highlights that the Bulgarian economy is performing well. Growth has been on an upward trend and is estimated to reach 3.8 percent in 2017 and 2018, driven by strong exports, easie...

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

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

Volume/Issue: 2018/46

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2018

DOI: http://dx.doi.org/10.5089/9781484342015.002

ISBN: 9781484342015

Keywords: Article IV consultation reports, Financial sector, Fiscal policy, Fiscal reforms, Labor markets, Economic indicators, Balance of payments statistics, Debt sustainability analysis, Press releases, Staff Reports

This 2017 Article IV Consultation highlights that the Bulgarian economy is performing well. Growth has been on an upward trend and is estimated to reach 3.8 percent in 2017 and 2018, driven by strong exports, easie...

Bulgaria
			: Selected Issues

Bulgaria : Selected Issues »

Volume/Issue: 2018/47

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2018

DOI: http://dx.doi.org/10.5089/9781484342107.002

ISBN: 9781484342107

Keywords: Debt burden, Corporate sector, Private investment, Public investment, Government expenditures, Education, Selected issues, Bulgaria, Investment, Public investments

This Selected Issues paper investigates the role of debt overhang in explaining weak nonfinancial corporate (NFC) investment in Bulgaria using firm-level data. The study confirms a negative association between meas...

Statement by Anthony de Lannoy, Executive Director for Bulgaria and Tsvetan Manchev, Advisor to the Executive Director, February 14, 2018

Statement by Anthony de Lannoy, Executive Director for Bulgaria and Tsvetan Manchev, Advisor to the Executive Director, February 14, 2018 »

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

Volume/Issue: 2018/46

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2018

ISBN: 9781484342015

Keywords: Article IV consultation reports, Financial sector, Fiscal policy, Fiscal reforms, Labor markets, Economic indicators, Balance of payments statistics, Debt sustainability analysis, Press releases, Staff Reports

This 2017 Article IV Consultation highlights that the Bulgarian economy is performing well. Growth has been on an upward trend and is estimated to reach 3.8 percent in 2017 and 2018, driven by strong exports, easie...

Bulgaria: Financial Sector Assessment Program

Bulgaria: Financial Sector Assessment Program »

Source: Bulgaria : Financial Sector Assessment Program: Technical Note - Non-Performing Loans Reduction Strategy

Volume/Issue: 2017/201

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2017

ISBN: 9781484308462

Keywords: Financial Sector Assessment Program, Loans, Bank supervision, Bank regulations, Financial stability, Bankruptcy, Bulgaria

This Technical Note examines the current state of nonperforming loans (NPLs) in Bulgaria and makes recommendations for a strategy to substantially reduce NPLs. The Bulgarian National Bank should adopt a comprehensi...

Bulgaria: Financial Sector Assessment Program

Bulgaria: Financial Sector Assessment Program »

Source: Bulgaria : Financial Sector Assessment Program: Technical Note-Stocktaking of Progress Achieved by the Bulgarian National Bank in Strengthening Banking Supervision

Volume/Issue: 2017/199

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2017

ISBN: 9781484308400

Keywords: Financial Sector Assessment Program, Bank supervision, Crisis management, Central bank governance, Bulgaria

This Technical Note evaluates the progress achieved by the Bulgarian National Bank (BNB) in strengthening banking supervision in Bulgaria. Progress in responding to the recommendation of the 2015 Basel Core Princip...

Bulgaria: Financial Sector Assessment Program

Bulgaria: Financial Sector Assessment Program »

Source: Bulgaria : Financial Sector Assessment Program: Technical Note - Financial Safety Net and Crisis Management

Volume/Issue: 2017/202

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2017

ISBN: 9781484308493

Keywords: Financial Sector Assessment Program, Financial safety nets, Financial crisis, Crisis management, Bank supervision, Liquidity management, Bulgaria

This Technical Note evaluates the financial safety net and crisis management for Bulgaria. Since the 2008 IMF Financial Sector Assessment Program Update, Bulgaria's financial safety net and crisis management arrang...

Bulgaria: Financial Sector Assessment Program

Bulgaria: Financial Sector Assessment Program »

Source: Bulgaria : Financial Sector Assessment Program: Technical Note-Risk Assessment and Stress Test of the Banking System

Volume/Issue: 2017/200

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2017

ISBN: 9781484308448

Keywords: Financial Sector Assessment Program, Banking sector, Stress testing, Liquidity, Credit risk, Bulgaria

This Technical Note discusses results of risk assessment and stress tests (ST) of the banking system in Bulgaria. ST results reveal that the Bulgarian banking system is vulnerable to the extreme realization of inte...

Bulgaria
			: Financial Sector Assessment Program: Technical Note - Financial Safety Net and Crisis Management

Bulgaria : Financial Sector Assessment Program: Technical Note - Financial Safety Net and Crisis Management »

Volume/Issue: 2017/202

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2017

DOI: http://dx.doi.org/10.5089/9781484308493.002

ISBN: 9781484308493

Keywords: Financial Sector Assessment Program, Financial safety nets, Financial crisis, Crisis management, Bank supervision, Liquidity management, Bulgaria

This Technical Note evaluates the financial safety net and crisis management for Bulgaria. Since the 2008 IMF Financial Sector Assessment Program Update, Bulgaria's financial safety net and crisis management arrang...

Bulgaria
			: Financial Sector Assessment Program: Technical Note - Non-Performing Loans Reduction Strategy

Bulgaria : Financial Sector Assessment Program: Technical Note - Non-Performing Loans Reduction Strategy »

Volume/Issue: 2017/201

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2017

DOI: http://dx.doi.org/10.5089/9781484308462.002

ISBN: 9781484308462

Keywords: Financial Sector Assessment Program, Loans, Bank supervision, Bank regulations, Financial stability, Bankruptcy, Bulgaria

This Technical Note examines the current state of nonperforming loans (NPLs) in Bulgaria and makes recommendations for a strategy to substantially reduce NPLs. The Bulgarian National Bank should adopt a comprehensi...

Bulgaria
			: Financial Sector Assessment Program: Technical Note-Risk Assessment and Stress Test of the Banking System

Bulgaria : Financial Sector Assessment Program: Technical Note-Risk Assessment and Stress Test of the Banking System »

Volume/Issue: 2017/200

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2017

DOI: http://dx.doi.org/10.5089/9781484308448.002

ISBN: 9781484308448

Keywords: Financial Sector Assessment Program, Banking sector, Stress testing, Liquidity, Credit risk, Bulgaria

This Technical Note discusses results of risk assessment and stress tests (ST) of the banking system in Bulgaria. ST results reveal that the Bulgarian banking system is vulnerable to the extreme realization of inte...

Bulgaria
			: Financial Sector Assessment Program: Technical Note-Stocktaking of Progress Achieved by the Bulgarian National Bank in Strengthening Banking Supervision

Bulgaria : Financial Sector Assessment Program: Technical Note-Stocktaking of Progress Achieved by the Bulgarian National Bank in Strengthening Banking Supervision »

Volume/Issue: 2017/199

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2017

DOI: http://dx.doi.org/10.5089/9781484308400.002

ISBN: 9781484308400

Keywords: Financial Sector Assessment Program, Bank supervision, Crisis management, Central bank governance, Bulgaria

This Technical Note evaluates the progress achieved by the Bulgarian National Bank (BNB) in strengthening banking supervision in Bulgaria. Progress in responding to the recommendation of the 2015 Basel Core Princip...

Bulgaria: Financial System Stability Assessment

Bulgaria: Financial System Stability Assessment »

Source: Bulgaria : Financial System Stability Assessment-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria

Volume/Issue: 2017/132

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2017

ISBN: 9781484301524

Keywords: Bulgaria, Europe

This paper assesses the stability of the financial system in Bulgaria. Progress has been made in Bulgaria to strengthen supervision since the 2015 Basel Core Principles assessment, but more work and resources are n...

IMF Executive Board Approves Bulgaria’s 2017 Financial System Stability Assessment

IMF Executive Board Approves Bulgaria’s 2017 Financial System Stability Assessment »

Source: Bulgaria : Financial System Stability Assessment-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria

Volume/Issue: 2017/132

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2017

ISBN: 9781484301524

Keywords: Bulgaria, Europe

This paper assesses the stability of the financial system in Bulgaria. Progress has been made in Bulgaria to strengthen supervision since the 2015 Basel Core Principles assessment, but more work and resources are n...

Bulgaria
			: Financial System Stability Assessment-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria

Bulgaria : Financial System Stability Assessment-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria »

Volume/Issue: 2017/132

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2017

DOI: http://dx.doi.org/10.5089/9781484301524.002

ISBN: 9781484301524

Keywords: Bulgaria, Europe

This paper assesses the stability of the financial system in Bulgaria. Progress has been made in Bulgaria to strengthen supervision since the 2015 Basel Core Principles assessment, but more work and resources are n...

Statement by Mr. Doornbosch, Alternate Executive Director and Mr. Manchev, Advisor to the Executive Director on Bulgaria May 22, 2017

Statement by Mr. Doornbosch, Alternate Executive Director and Mr. Manchev, Advisor to the Executive Director on Bulgaria May 22, 2017 »

Source: Bulgaria : Financial System Stability Assessment-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria

Volume/Issue: 2017/132

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2017

ISBN: 9781484301524

Keywords: Bulgaria, Europe

This paper assesses the stability of the financial system in Bulgaria. Progress has been made in Bulgaria to strengthen supervision since the 2015 Basel Core Principles assessment, but more work and resources are n...

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

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

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

Volume/Issue: 2016/344

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2016

ISBN: 9781475552447

Keywords: Bulgaria, Europe

This paper first takes a historical perspective, studying the implications of the oil boom of the 2000s on industry structure and economy-wide productivity. It then examines progress with the ongoing transition thu...

Bulgaria: Selected Issues Paper

Bulgaria: Selected Issues Paper »

Source: Bulgaria : Selected Issues Paper

Volume/Issue: 2016/345

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2016

ISBN: 9781475552492

Keywords: Europe, Bulgaria

This paper highlights Bulgaria's state-owned enterprises (SOEs) sector and to assess its performance in a regional perspective. A detailed and rich firm-level dataset of state-owned and private firms was compiled f...

Bulgaria: Selected Issues Paper

Bulgaria: Selected Issues Paper »

Source: Bulgaria : Selected Issues Paper

Volume/Issue: 2016/345

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2016

ISBN: 9781475552492

Keywords: Europe, Bulgaria

This paper highlights Bulgaria's state-owned enterprises (SOEs) sector and to assess its performance in a regional perspective. A detailed and rich firm-level dataset of state-owned and private firms was compiled f...

Bulgaria: Selected Issues Paper

Bulgaria: Selected Issues Paper »

Source: Bulgaria : Selected Issues Paper

Volume/Issue: 2016/345

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2016

ISBN: 9781475552492

Keywords: Europe, Bulgaria

This paper highlights Bulgaria's state-owned enterprises (SOEs) sector and to assess its performance in a regional perspective. A detailed and rich firm-level dataset of state-owned and private firms was compiled f...

Bulgaria: Selected Issues Paper

Bulgaria: Selected Issues Paper »

Source: Bulgaria : Selected Issues Paper

Volume/Issue: 2016/345

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2016

ISBN: 9781475552492

Keywords: Europe, Bulgaria

This paper highlights Bulgaria's state-owned enterprises (SOEs) sector and to assess its performance in a regional perspective. A detailed and rich firm-level dataset of state-owned and private firms was compiled f...

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

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

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

Volume/Issue: 2016/344

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2016

ISBN: 9781475552447

Keywords: Bulgaria, Europe

This paper first takes a historical perspective, studying the implications of the oil boom of the 2000s on industry structure and economy-wide productivity. It then examines progress with the ongoing transition thu...

Bulgaria: Staff Report for the 2016 Article IV Consultation—Supplementary Information

Bulgaria: Staff Report for the 2016 Article IV Consultation—Supplementary Information »

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

Volume/Issue: 2016/344

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2016

ISBN: 9781475552447

Keywords: Bulgaria, Europe

This paper first takes a historical perspective, studying the implications of the oil boom of the 2000s on industry structure and economy-wide productivity. It then examines progress with the ongoing transition thu...

IMF Executive Board Concludes 2016 Article IV Consultation with Bulgaria

IMF Executive Board Concludes 2016 Article IV Consultation with Bulgaria »

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

Volume/Issue: 2016/344

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2016

ISBN: 9781475552447

Keywords: Bulgaria, Europe

This paper first takes a historical perspective, studying the implications of the oil boom of the 2000s on industry structure and economy-wide productivity. It then examines progress with the ongoing transition thu...

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

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

Volume/Issue: 2016/344

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2016

DOI: http://dx.doi.org/10.5089/9781475552447.002

ISBN: 9781475552447

Keywords: Bulgaria, Europe

This paper first takes a historical perspective, studying the implications of the oil boom of the 2000s on industry structure and economy-wide productivity. It then examines progress with the ongoing transition thu...

Bulgaria
			: Selected Issues Paper

Bulgaria : Selected Issues Paper »

Volume/Issue: 2016/345

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2016

DOI: http://dx.doi.org/10.5089/9781475552492.002

ISBN: 9781475552492

Keywords: Europe, Bulgaria

This paper highlights Bulgaria's state-owned enterprises (SOEs) sector and to assess its performance in a regional perspective. A detailed and rich firm-level dataset of state-owned and private firms was compiled f...

Statement by Anthony De Lannoy, Executive Director for Bulgaria and Tsvetan Manchev, Advisor to Executive Director, November 4, 2016

Statement by Anthony De Lannoy, Executive Director for Bulgaria and Tsvetan Manchev, Advisor to Executive Director, November 4, 2016 »

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

Volume/Issue: 2016/344

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2016

ISBN: 9781475552447

Keywords: Bulgaria, Europe

This paper first takes a historical perspective, studying the implications of the oil boom of the 2000s on industry structure and economy-wide productivity. It then examines progress with the ongoing transition thu...

United Kingdom
			: Selected Issues

United Kingdom : Selected Issues »

Volume/Issue: 2016/169

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 June 2016

DOI: http://dx.doi.org/10.5089/9781484395370.002

ISBN: 9781484395370

Keywords: trade, exports, gdp, investment, financial sector

This paper aims to provide European Union (EU), while recognizing that the choice of whether to remain in the EU is for U.K. voters to make and that their decisions will reflect both economic and noneconomic factor...

United Kingdom

United Kingdom »

Source: United Kingdom : Selected Issues

Volume/Issue: 2016/169

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 June 2016

ISBN: 9781484395370

Keywords: trade, exports, gdp, investment, financial sector

This paper aims to provide European Union (EU), while recognizing that the choice of whether to remain in the EU is for U.K. voters to make and that their decisions will reflect both economic and noneconomic factor...

Ukraine
			: Technical Assistance Report-Self-Funding of the National Securities and Stock Market Commission

Ukraine : Technical Assistance Report-Self-Funding of the National Securities and Stock Market Commission »

Volume/Issue: 2016/108

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2016

DOI: http://dx.doi.org/10.5089/9781484342077.002

ISBN: 9781484342077

Keywords: market, revenue, securities, budget, market participants

This paper discusses the self-funding model of the National Securities and Stock Market Commission (NSSMC) in Ukraine. There are a number of challenges with NSSMC's funding and the constraints placed on it through...

Ukraine

Ukraine »

Source: Ukraine : Technical Assistance Report-Self-Funding of the National Securities and Stock Market Commission

Volume/Issue: 2016/108

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2016

ISBN: 9781484342077

Keywords: market, revenue, securities, budget, market participants

This paper discusses the self-funding model of the National Securities and Stock Market Commission (NSSMC) in Ukraine. There are a number of challenges with NSSMC's funding and the constraints placed on it through...

Individual Choice or Policies? Drivers of Female Employment in Europe

Individual Choice or Policies? Drivers of Female Employment in Europe »

Volume/Issue: 2016/49

Series: IMF Working Papers

Author(s): Lone Engbo Christiansen , Huidan Lin , Joana Pereira , Petia Topalova , and Rima Turk

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 March 2016

DOI: http://dx.doi.org/10.5089/9781513551364.001

ISBN: 9781513551364

Keywords: gender gaps, International Social Survey Programme, labor force, labor, labor supply, employment, General, Economics of Gender, General, International Social Survey Programme.,

Female labor force participation has increased markedly in many European countries during the past decades. Nonetheless, participation rates remain low in some economies, and a significant gender gap persists in mo...

Individual Choice or Policies? Drivers of Female Employment in Europe

Individual Choice or Policies? Drivers of Female Employment in Europe »

Source: Individual Choice or Policies? Drivers of Female Employment in Europe

Volume/Issue: 2016/49

Series: IMF Working Papers

Author(s): Lone Engbo Christiansen , Huidan Lin , Joana Pereira , Petia Topalova , and Rima Turk

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 March 2016

ISBN: 9781513551364

Keywords: gender gaps, International Social Survey Programme, labor force, labor, labor supply, employment, General, Economics of Gender, General, International Social Survey Programme.,

Female labor force participation has increased markedly in many European countries during the past decades. Nonetheless, participation rates remain low in some economies, and a significant gender gap persists in mo...

What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries?

What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries? »

Volume/Issue: 2016/44

Series: IMF Working Papers

Author(s): Adolfo Barajas , Ralph Chami , Christian Ebeke , and Anne Oeking

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2016

DOI: http://dx.doi.org/10.5089/9781513531236.001

ISBN: 9781513531236

Keywords: Worker’s Remittances, lending channel, banking sector, bank balance sheets, balance sheets, exchange, General, Fiscal and Monetary Policy in Development, All Countries, banking sector.,

Despite welfare and poverty-reducing benefits for recipient households, remittance inflows have been shown to entail macroeconomic challenges; producing Dutch Disease-type effects through their upward (appreciation...

What's Different about Monetary Policy Transmission in Remittance-Dependent Countries?

What's Different about Monetary Policy Transmission in Remittance-Dependent Countries? »

Source: What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries?

Volume/Issue: 2016/44

Series: IMF Working Papers

Author(s): Adolfo Barajas , Ralph Chami , Christian Ebeke , and Anne Oeking

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2016

ISBN: 9781513531236

Keywords: Worker’s Remittances, lending channel, banking sector, bank balance sheets, balance sheets, exchange, General, Fiscal and Monetary Policy in Development, All Countries, banking sector.,

Despite welfare and poverty-reducing benefits for recipient households, remittance inflows have been shown to entail macroeconomic challenges; producing Dutch Disease-type effects through their upward (appreciation...

Macroprudential Policies in Southeastern Europe

Macroprudential Policies in Southeastern Europe »

Volume/Issue: 2016/29

Series: IMF Working Papers

Author(s): Dilyana Dimova , Piyabha Kongsamut , and Jérôme Vandenbussche

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 February 2016

DOI: http://dx.doi.org/10.5089/9781498342872.001

ISBN: 9781498342872

Keywords: Credit Growth, Macroprudential Policies, Southeastern Europe, reserve, currency, instruments, domestic credit, Government Policy and Regulation,, Serbia, Romania

This paper presents a detailed account of the rich set of macroprudential measures taken in four Southeastern European countries—Bulgaria, Croatia, Romania, and Serbia—during their synchronized boom and bust cycles...

Macroprudential Policies in Southeastern Europe

Macroprudential Policies in Southeastern Europe »

Source: Macroprudential Policies in Southeastern Europe

Volume/Issue: 2016/29

Series: IMF Working Papers

Author(s): Dilyana Dimova , Piyabha Kongsamut , and Jérôme Vandenbussche

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 February 2016

ISBN: 9781498342872

Keywords: Credit Growth, Macroprudential Policies, Southeastern Europe, reserve, currency, instruments, domestic credit, Government Policy and Regulation,, Serbia, Romania

This paper presents a detailed account of the rich set of macroprudential measures taken in four Southeastern European countries—Bulgaria, Croatia, Romania, and Serbia—during their synchronized boom and bust cycles...

The Fiscal Costs of Contingent Liabilities

The Fiscal Costs of Contingent Liabilities »

Source: The Fiscal Costs of Contingent Liabilities

Volume/Issue: 2016/14

Series: IMF Working Papers

Author(s): Elva Bova , Marta Ruiz-Arranz , Frederik Toscani , and H. Elif Ture

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2016

ISBN: 9781498303606

Keywords: Fiscal Crisis, General, All Countries,, Budget deficits, Public debt, Contingent liabilities

We construct the first comprehensive dataset of contingent liability realizations in advanced and emerging markets for the period 1990–2014. We find that contingent liability realizations are a major source of fisc...

The Fiscal Costs of Contingent Liabilities

The Fiscal Costs of Contingent Liabilities »

Volume/Issue: 2016/14

Series: IMF Working Papers

Author(s): Elva Bova , Marta Ruiz-Arranz , Frederik Toscani , and H. Elif Ture

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2016

DOI: http://dx.doi.org/10.5089/9781498303606.001

ISBN: 9781498303606

Keywords: Fiscal Crisis, General, All Countries,, Budget deficits, Public debt, Contingent liabilities

We construct the first comprehensive dataset of contingent liability realizations in advanced and emerging markets for the period 1990–2014. We find that contingent liability realizations are a major source of fisc...

Commodity Price Shocks and Financial Sector Fragility

Commodity Price Shocks and Financial Sector Fragility »

Source: Commodity Price Shocks and Financial Sector Fragility

Volume/Issue: 2016/12

Series: IMF Working Papers

Author(s): Tidiane Kinda , Montfort Mlachila , and Rasmané Ouedraogo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2016

ISBN: 9781498328722

Keywords: financial sector fragility, commodity, price, commodity price, prices, financial sector, General, Financial Markets and the Macroeconomy, Government Policy and Regulation, All Countries

This paper investigates the impact of commodity price shocks on financial sector fragility. Using a large sample of 71 commodity exporters among emerging and developing economies, it shows that negative shocks to c...

Commodity Price Shocks and Financial Sector Fragility

Commodity Price Shocks and Financial Sector Fragility »

Volume/Issue: 2016/12

Series: IMF Working Papers

Author(s): Tidiane Kinda , Montfort Mlachila , and Rasmané Ouedraogo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2016

DOI: http://dx.doi.org/10.5089/9781498328722.001

ISBN: 9781498328722

Keywords: financial sector fragility, commodity, price, commodity price, prices, financial sector, General, Financial Markets and the Macroeconomy, Government Policy and Regulation, All Countries

This paper investigates the impact of commodity price shocks on financial sector fragility. Using a large sample of 71 commodity exporters among emerging and developing economies, it shows that negative shocks to c...

Flexible Fiscal Rules and Countercyclical Fiscal Policy1

Flexible Fiscal Rules and Countercyclical Fiscal Policy1 »

Source: Flexible Fiscal Rules and Countercyclical Fiscal Policy

Volume/Issue: 2016/8

Series: IMF Working Papers

Author(s): Martine Guerguil , Pierre Mandon , and Rene Tapsoba

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2016

ISBN: 9781513581460

Keywords: Fiscal Policy Rules, Flexibility, Investment-friendly Rules, Cyclically-adjusted Balance Rules, Propensity Scores-matching, fiscal policy, fiscal rules, public spending, fiscal rule, public investment

This paper assesses the impact of different types of flexible fiscal rules on the procyclicality of fiscal policy with propensity scores-matching techniques, thus mitigating traditional self-selection problems. It...

Flexible Fiscal Rules and Countercyclical Fiscal Policy

Flexible Fiscal Rules and Countercyclical Fiscal Policy »

Volume/Issue: 2016/8

Series: IMF Working Papers

Author(s): Martine Guerguil , Pierre Mandon , and Rene Tapsoba

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2016

DOI: http://dx.doi.org/10.5089/9781513581460.001

ISBN: 9781513581460

Keywords: Fiscal Policy Rules, Flexibility, Investment-friendly Rules, Cyclically-adjusted Balance Rules, Propensity Scores-matching, fiscal policy, fiscal rules, public spending, fiscal rule, public investment

This paper assesses the impact of different types of flexible fiscal rules on the procyclicality of fiscal policy with propensity scores-matching techniques, thus mitigating traditional self-selection problems. It...

The Lender of Last Resort Function after the Global Financial Crisis

The Lender of Last Resort Function after the Global Financial Crisis »

Volume/Issue: 2016/10

Series: IMF Working Papers

Author(s): Marc Dobler , Simon Gray , Diarmuid Murphy , and Bozena Radzewicz-Bak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2016

DOI: http://dx.doi.org/10.5089/9781498355995.001

ISBN: 9781498355995

Keywords: collateral, risk control measures, market, lender, liquidity, central bank, Government Policy and Regulation, All Countries,, Lender of last resort, Central banks and their policies

The global financial crisis (GFC) has renewed interest in emergency liquidity support (sometimes referred to as “Lender of Last Resort”) provided by central banks to financial institutions and challenged the tradit...

The Lender of Last Resort Function after the Global Financial Crisis

The Lender of Last Resort Function after the Global Financial Crisis »

Source: The Lender of Last Resort Function after the Global Financial Crisis

Volume/Issue: 2016/10

Series: IMF Working Papers

Author(s): Marc Dobler , Simon Gray , Diarmuid Murphy , and Bozena Radzewicz-Bak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2016

ISBN: 9781498355995

Keywords: collateral, risk control measures, market, lender, liquidity, central bank, Government Policy and Regulation, All Countries,, Lender of last resort, Central banks and their policies

The global financial crisis (GFC) has renewed interest in emergency liquidity support (sometimes referred to as “Lender of Last Resort”) provided by central banks to financial institutions and challenged the tradit...

Introducing a New Broad-based Index of Financial Development

Introducing a New Broad-based Index of Financial Development »

Volume/Issue: 2016/5

Series: IMF Working Papers

Author(s): Katsiaryna Svirydzenka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2016

DOI: http://dx.doi.org/10.5089/9781513583709.001

ISBN: 9781513583709

Keywords: Financial Development, Financial Institutions and Markets, Index, markets, financial institutions, financial systems, financial markets, General, Index Numbers and Aggregation, Methodology for Collecting

There is a vast body of literature estimating the impact of financial development on economic growth, inequality, and economic stability. A typical empirical study approximates financial development with either one...

Introducing a New Broad-based Index of Financial Development1

Introducing a New Broad-based Index of Financial Development1 »

Source: Introducing a New Broad-based Index of Financial Development

Volume/Issue: 2016/5

Series: IMF Working Papers

Author(s): Katsiaryna Svirydzenka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2016

ISBN: 9781513583709

Keywords: Financial Development, Financial Institutions and Markets, Index, markets, financial institutions, financial systems, financial markets, General, Index Numbers and Aggregation, Methodology for Collecting

There is a vast body of literature estimating the impact of financial development on economic growth, inequality, and economic stability. A typical empirical study approximates financial development with either one...

Global Value Chains and the Exchange Rate Elasticity of Exports

Global Value Chains and the Exchange Rate Elasticity of Exports »

Source: Global Value Chains and the Exchange Rate Elasticity of Exports

Volume/Issue: 2015/252

Series: IMF Working Papers

Author(s): Swarnali Hannan , Maximiliano Appendino , and Michele Ruta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 November 2015

ISBN: 9781513531793

Keywords: Foreign exchange, Economic integration, Export growth, Real Exchange Rate, Global Value Chains, exports, exchange, value, elasticity, trade

This paper analyzes how the formation of Global Value Chains (GVCs) has affected the exchange rate elasticity of exports. Using a panel framework covering 46 countries over the period 1996-2012, we first find some...

Global Value Chains and the Exchange Rate Elasticity of Exports

Global Value Chains and the Exchange Rate Elasticity of Exports »

Volume/Issue: 2015/252

Series: IMF Working Papers

Author(s): Swarnali Hannan , Maximiliano Appendino , and Michele Ruta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 November 2015

DOI: http://dx.doi.org/10.5089/9781513531793.001

ISBN: 9781513531793

Keywords: Foreign exchange, Economic integration, Export growth, Real Exchange Rate, Global Value Chains, exports, exchange, value, elasticity, trade

This paper analyzes how the formation of Global Value Chains (GVCs) has affected the exchange rate elasticity of exports. Using a panel framework covering 46 countries over the period 1996-2012, we first find some...

How Do Public Debt Cycles Interact with Financial Cycles?

How Do Public Debt Cycles Interact with Financial Cycles? »

Source: How Do Public Debt Cycles Interact with Financial Cycles?

Volume/Issue: 2015/248

Series: IMF Working Papers

Author(s): Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 2015

ISBN: 9781513511641

Keywords: public debt cycles, credit cycles, asset price cycles, duration analysis, debt, public debt, price, prices, equity, General

We employ a duration model to study determinants of public debt cycles in 57 advanced and emerging economies over the 1960-2014 period, with a particular focus on the impact of financial cycles. The results suggest...

How Do Public Debt Cycles Interact with Financial Cycles?

How Do Public Debt Cycles Interact with Financial Cycles? »

Volume/Issue: 2015/248

Series: IMF Working Papers

Author(s): Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 2015

DOI: http://dx.doi.org/10.5089/9781513511641.001

ISBN: 9781513511641

Keywords: public debt cycles, credit cycles, asset price cycles, duration analysis, debt, public debt, price, prices, equity, General

We employ a duration model to study determinants of public debt cycles in 57 advanced and emerging economies over the 1960-2014 period, with a particular focus on the impact of financial cycles. The results suggest...

I. Recent Developments, Outlook, and Risks

I. Recent Developments, Outlook, and Risks »

Source: Regional Economic Issues, November 2015, Europe

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2015

ISBN: 9781513528731

Keywords: taxes, expenditure, revenue, tax, budget

While a modest contraction in activity is expected this year for the Central, Eastern and Southeastern Europe (CESEE) as a whole, this reflects widely divergent country-specific developments. Mo...

II. Fiscal Consolidation in CESEE and ITS Long-Term Impact on Growth

II. Fiscal Consolidation in CESEE and ITS Long-Term Impact on Growth »

Source: Regional Economic Issues, November 2015, Europe

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2015

ISBN: 9781513528731

Keywords: taxes, expenditure, revenue, tax, budget

After the onset of the global financial crisis, economies in CESEE came under pressure to correct external and internal imbalances. By now, much of the external adjustment has taken place, via i...

III. Policy Priorities

III. Policy Priorities »

Source: Regional Economic Issues, November 2015, Europe

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2015

ISBN: 9781513528731

Keywords: taxes, expenditure, revenue, tax, budget

Supporting domestic demand, addressing crisis legacies, rebuilding buffers against external shocks, and improving the business environment to boost investment and long-term growth are still the...

Regional Economic Issues, November 2015, Europe

Regional Economic Issues, November 2015, Europe »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2015

DOI: http://dx.doi.org/10.5089/9781513528731.086

ISBN: 9781513528731

Keywords: taxes, expenditure, revenue, tax, budget

The key policy challenges facing countries in Central, Eastern, and Southeastern Europe remain broadly unchanged, among them supporting domestic demand, addressing financial crisis legacies, rebuilding buffers agai...

Back Matter

Back Matter »

Source: Regional Economic Issues, November 2015, Europe

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2015

ISBN: 9781513528731

Keywords: taxes, expenditure, revenue, tax, budget

The key policy challenges facing countries in Central, Eastern, and Southeastern Europe remain broadly unchanged, among them supporting domestic demand, addressing financial crisis legacies, rebuilding buffers agai...

Front Matter

Front Matter »

Source: Regional Economic Issues, November 2015, Europe

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2015

ISBN: 9781513528731

Keywords: taxes, expenditure, revenue, tax, budget

The key policy challenges facing countries in Central, Eastern, and Southeastern Europe remain broadly unchanged, among them supporting domestic demand, addressing financial crisis legacies, rebuilding buffers agai...

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

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

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

Volume/Issue: 2015/295

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 October 2015

ISBN: 9781513506708

Keywords: bank, banking, banks, capital, risk

This paper discusses key findings and recommendations of the Detailed Assessment of Observance on the Basel Core Principles for Effective Banking Supervision on Bulgaria. Within the Banking Supervision Department,...

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

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

Volume/Issue: 2015/295

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 October 2015

DOI: http://dx.doi.org/10.5089/9781513506708.002

ISBN: 9781513506708

Keywords: bank, banking, banks, capital, risk

This paper discusses key findings and recommendations of the Detailed Assessment of Observance on the Basel Core Principles for Effective Banking Supervision on Bulgaria. Within the Banking Supervision Department,...

Inflation Targeting and Exchange Rate Regimes in Emerging Markets

Inflation Targeting and Exchange Rate Regimes in Emerging Markets »

Volume/Issue: 2015/228

Series: IMF Working Papers

Author(s): Christian Ebeke , and Armand Fouejieu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 October 2015

DOI: http://dx.doi.org/10.5089/9781513586267.001

ISBN: 9781513586267

Keywords: Inflation targeting, Exchange rate regime, Non-linearities, exchange rate, inflation, central bank, General, Globalization: General, All Countries,

This paper investigates the effects of the adoption of inflation targeting (IT) on the choice of exchange rate regime in emerging markets (EMs), conditional on certain macroeconomic conditions. Using a large sample...

Inflation Targeting and Exchange Rate Regimes in Emerging Markets1

Inflation Targeting and Exchange Rate Regimes in Emerging Markets1 »

Source: Inflation Targeting and Exchange Rate Regimes in Emerging Markets

Volume/Issue: 2015/228

Series: IMF Working Papers

Author(s): Christian Ebeke , and Armand Fouejieu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 October 2015

ISBN: 9781513586267

Keywords: Inflation targeting, Exchange rate regime, Non-linearities, exchange rate, inflation, central bank, General, Globalization: General, All Countries,

This paper investigates the effects of the adoption of inflation targeting (IT) on the choice of exchange rate regime in emerging markets (EMs), conditional on certain macroeconomic conditions. Using a large sample...

Stress Testing Corporate Balance Sheets in Emerging Economies

Stress Testing Corporate Balance Sheets in Emerging Economies »

Volume/Issue: 2015/216

Series: IMF Working Papers

Author(s): Julian Chow

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2015

DOI: http://dx.doi.org/10.5089/9781513502717.001

ISBN: 9781513502717

Keywords: Emerging market corporate debt, leverage, debt at risk, debt, corporate debt, emerging market, market, markets, General, All Countries,

In recent years, firms in emerging market countries have increased borrowing, particularly in foreign currency, owing to easy access to global capital markets, prolonged low interest rates and good investment oppor...

Stress Testing Corporate Balance Sheets in Emerging Economies

Stress Testing Corporate Balance Sheets in Emerging Economies »

Source: Stress Testing Corporate Balance Sheets in Emerging Economies

Volume/Issue: 2015/216

Series: IMF Working Papers

Author(s): Julian Chow

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2015

ISBN: 9781513502717

Keywords: Emerging market corporate debt, leverage, debt at risk, debt, corporate debt, emerging market, market, markets, General, All Countries,

In recent years, firms in emerging market countries have increased borrowing, particularly in foreign currency, owing to easy access to global capital markets, prolonged low interest rates and good investment oppor...

Reaping the Benefits from Global Value Chains

Reaping the Benefits from Global Value Chains »

Volume/Issue: 2015/204

Series: IMF Working Papers

Author(s): Kevin Cheng , Sidra Rehman , Dulani Seneviratne , and Shiny Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 September 2015

DOI: http://dx.doi.org/10.5089/9781513516738.001

ISBN: 9781513516738

Keywords: Global Value Chains, GVC, Economic Complexity, Growth, value, trade, value added, development, General, Globalization: General,

Against the backdrop of the rise of global value chains (GVCs), particularly in Asia, this paper documents key developments of GVCs and investigates what factors cause economies to reap greater benefits from GVC pa...

Reaping the Benefits from Global Value Chains

Reaping the Benefits from Global Value Chains »

Source: Reaping the Benefits from Global Value Chains

Volume/Issue: 2015/204

Series: IMF Working Papers

Author(s): Kevin Cheng , Sidra Rehman , Dulani Seneviratne , and Shiny Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 September 2015

ISBN: 9781513516738

Keywords: Global Value Chains, GVC, Economic Complexity, Growth, value, trade, value added, development, General, Globalization: General,

Against the backdrop of the rise of global value chains (GVCs), particularly in Asia, this paper documents key developments of GVCs and investigates what factors cause economies to reap greater benefits from GVC pa...

Exports in a Tariff-Free Environment

Exports in a Tariff-Free Environment »

Source: Exports in a Tariff-Free Environment : What Structural Reforms Matter? Evidence from the European Union Single Market

Volume/Issue: 2015/187

Series: IMF Working Papers

Author(s): Jesmin Rahman , Ara Stepanyan , Jessie Yang , and Li Zeng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2015

ISBN: 9781513552170

Keywords: Export integration, structural reform, supply chain, new member states, environment, trade, incentives, Country and Industry Studies of Trade,

How do countries enhance their exports of goods in a largely tariff-free environment? Our investigation of export performance of new member states in the European Union single market, which provides a natural contr...

IMF Executive Board Concludes 2015 Article IV Consultation with the Russian Federation

IMF Executive Board Concludes 2015 Article IV Consultation with the Russian Federation »

Source: Russian Federation : Staff Report for the 2015 Article IV Consultation

Volume/Issue: 2015/211

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2015

ISBN: 9781513502441

Keywords: oil prices, inflation, monetary fund, debt, balance of payments

This 2015 Article IV Consultation highlights that Russia entered 2014 with declining potential growth owing to the stabilization of oil prices, stalled structural reforms, weak investment, declining total factor pr...

Russian Federation
			: Staff Report for the 2015 Article IV Consultation

Russian Federation : Staff Report for the 2015 Article IV Consultation »

Volume/Issue: 2015/211

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2015

DOI: http://dx.doi.org/10.5089/9781513502441.002

ISBN: 9781513502441

Keywords: oil prices, inflation, monetary fund, debt, balance of payments

This 2015 Article IV Consultation highlights that Russia entered 2014 with declining potential growth owing to the stabilization of oil prices, stalled structural reforms, weak investment, declining total factor pr...

Exports in a Tariff-Free Environment
			: What Structural Reforms Matter? Evidence from the European Union Single Market

Exports in a Tariff-Free Environment : What Structural Reforms Matter? Evidence from the European Union Single Market »

Volume/Issue: 2015/187

Series: IMF Working Papers

Author(s): Jesmin Rahman , Ara Stepanyan , Jessie Yang , and Li Zeng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2015

DOI: http://dx.doi.org/10.5089/9781513552170.001

ISBN: 9781513552170

Keywords: Export integration, structural reform, supply chain, new member states, environment, trade, incentives, Country and Industry Studies of Trade,

How do countries enhance their exports of goods in a largely tariff-free environment? Our investigation of export performance of new member states in the European Union single market, which provides a natural contr...

Russian Federation: Staff Report for the 2015 Article IV Consultation

Russian Federation: Staff Report for the 2015 Article IV Consultation »

Source: Russian Federation : Staff Report for the 2015 Article IV Consultation

Volume/Issue: 2015/211

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2015

ISBN: 9781513502441

Keywords: oil prices, inflation, monetary fund, debt, balance of payments

This 2015 Article IV Consultation highlights that Russia entered 2014 with declining potential growth owing to the stabilization of oil prices, stalled structural reforms, weak investment, declining total factor pr...

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

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

Source: Russian Federation : Staff Report for the 2015 Article IV Consultation

Volume/Issue: 2015/211

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2015

ISBN: 9781513502441

Keywords: oil prices, inflation, monetary fund, debt, balance of payments

This 2015 Article IV Consultation highlights that Russia entered 2014 with declining potential growth owing to the stabilization of oil prices, stalled structural reforms, weak investment, declining total factor pr...

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Volume/Issue: 2015/167

Series: IMF Working Papers

Author(s): Luis Catão , and Rui Mano

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 July 2015

ISBN: 9781513523507

Keywords: Country Risk, Interest Rate Spread, Haircut, market, debt, default, interest, interest rate, International Lending and Debt Problems, General

We re-assess the view that sovereigns with a history of default are charged only a small and/or short-lived premium on the interest rate warranted by observed fundamentals. Our reassessment uses a metric of such a...

Default Premium

Default Premium »

Volume/Issue: 2015/167

Series: IMF Working Papers

Author(s): Luis Catão , and Rui Mano

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 July 2015

DOI: http://dx.doi.org/10.5089/9781513523507.001

ISBN: 9781513523507

Keywords: Country Risk, Interest Rate Spread, Haircut, market, debt, default, interest, interest rate, International Lending and Debt Problems, General

We re-assess the view that sovereigns with a history of default are charged only a small and/or short-lived premium on the interest rate warranted by observed fundamentals. Our reassessment uses a metric of such a...