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Malta
			: Financial Sector Assessment Program-Technical Note-Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)

Malta : Financial Sector Assessment Program-Technical Note-Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) »

Volume/Issue: 2019/345

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2019

DOI: http://dx.doi.org/10.5089/9781513520711.002

ISBN: 9781513520711

Keywords: Accounting, Anti-money laundering, Arbitrage, Assets, Bank compliance, Bank licensing, Bank supervision, Banking, Banking sector, Banks

This technical note on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for the Malta summarizes the findings of a targeted review of several aspects of Malta's progress in addressing AML/CF...

Malta

Malta »

Source: Malta : Financial Sector Assessment Program-Technical Note-Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)

Volume/Issue: 2019/345

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2019

ISBN: 9781513520711

Keywords: Accounting, Anti-money laundering, Arbitrage, Assets, Bank compliance, Bank licensing, Bank supervision, Banking, Banking sector, Banks

This technical note on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for the Malta summarizes the findings of a targeted review of several aspects of Malta's progress in addressing AML/CF...

Is Military Spending Converging Across Countries? An Examination of Trends and Key Determinants

Is Military Spending Converging Across Countries? An Examination of Trends and Key Determinants »

Volume/Issue: 2019/196

Series: IMF Working Papers

Author(s): Benedict Clements , Sanjeev Gupta , and Saida Khamidova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2019

DOI: http://dx.doi.org/10.5089/9781513509877.001

ISBN: 9781513509877

Keywords: Military expenditures, Age-related spending, Capital expenditure, Education spending, Government expenditures, Military spending, social spending, convergence., WP, military spend

This paper studies the evolution of worldwide military spending during 1970-2018. It finds that military spending in relation to GDP is converging, but into three separate groups of countries. In the largest group,...

Is Military Spending Converging Across Countries? An Examination of Trends and Key Determinants1

Is Military Spending Converging Across Countries? An Examination of Trends and Key Determinants1 »

Source: Is Military Spending Converging Across Countries? An Examination of Trends and Key Determinants

Volume/Issue: 2019/196

Series: IMF Working Papers

Author(s): Benedict Clements , Sanjeev Gupta , and Saida Khamidova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2019

ISBN: 9781513509877

Keywords: Military expenditures, Age-related spending, Capital expenditure, Education spending, Government expenditures, Military spending, social spending, convergence., WP, military spend

This paper studies the evolution of worldwide military spending during 1970-2018. It finds that military spending in relation to GDP is converging, but into three separate groups of countries. In the largest group,...

Republic of Armenia
			: Technical Assistance Report-Public Investment Management Assessment

Republic of Armenia : Technical Assistance Report-Public Investment Management Assessment »

Volume/Issue: 2019/33

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2019

DOI: http://dx.doi.org/10.5089/9781484396933.002

ISBN: 9781484396933

Keywords: Accounting standards, Accounting systems, Accrual accounting, Audit process, Auditing, Bank accounting, Budget approval, Budget classification, Budget deficits, Budget execution

This paper discusses results of a technical assistance report prepared to evaluate the quality of Armenia's public investment institutions in the planning, budgeting, and implementation stages of public investment...

Republic of Armenia

Republic of Armenia »

Source: Republic of Armenia : Technical Assistance Report-Public Investment Management Assessment

Volume/Issue: 2019/33

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2019

ISBN: 9781484396933

Keywords: Accounting standards, Accounting systems, Accrual accounting, Audit process, Auditing, Bank accounting, Budget approval, Budget classification, Budget deficits, Budget execution

This paper discusses results of a technical assistance report prepared to evaluate the quality of Armenia's public investment institutions in the planning, budgeting, and implementation stages of public investment...

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

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

Volume/Issue: 2017/406

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 January 2018

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

ISBN: 9781484335543

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

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

Mexico

Mexico »

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

Volume/Issue: 2017/406

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 January 2018

ISBN: 9781484335543

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

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

Framework Administered Account for Selected Fund Activities -Financial Access Survey Subaccount

Framework Administered Account for Selected Fund Activities -Financial Access Survey Subaccount »

Source: Framework Administered Account for Selected Fund Activities -Financial Access Survey Subaccount

Volume/Issue: 2013/083

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2013

ISBN: 9781498341691

Keywords: Executive Board decisions, External financing, Financial instruments, Framework Administered Account, Lapse of time approval, Sovereign wealth funds, Combating the financing of terrorism, Tax policy, Anti-money laundering, Multilateral development institutions

In March 2009 the Fund established a new Framework Administered Account to administer external financial resources for Selected Fund Activities (the 'SFA Instrument'). The financing of activities under the terms of...

Framework Administered Account for Selected Fund Activities -Financial Access Survey Subaccount

Framework Administered Account for Selected Fund Activities -Financial Access Survey Subaccount »

Volume/Issue: 2013/083

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2013

DOI: http://dx.doi.org/10.5089/9781498341691.007

ISBN: 9781498341691

Keywords: Executive Board decisions, External financing, Financial instruments, Framework Administered Account, Lapse of time approval, Sovereign wealth funds, Combating the financing of terrorism, Tax policy, Anti-money laundering, Multilateral development institutions

In March 2009 the Fund established a new Framework Administered Account to administer external financial resources for Selected Fund Activities (the 'SFA Instrument'). The financing of activities under the terms of...

Framework Administered Account for Selected Fund Activities - Africa Regional Technical Assistance Center West 2 Subaccount

Framework Administered Account for Selected Fund Activities - Africa Regional Technical Assistance Center West 2 Subaccount »

Source: Framework Administered Account for Selected Fund Activities - Africa Regional Technical Assistance Center West 2 Subaccount

Volume/Issue: 2013/050

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2013

ISBN: 9781498341684

Keywords: Africa Regional Technical Assistance Center, Executive Board decisions, External financing, Framework Administered Account, Lapse of time approval, Technical Assistance, West Africa, Anti-money laundering, Banks, Combating the financing of terrorism

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the 'SFA Instrument'). The financing of activities under the terms o...

Framework Administered Account for Selected Fund Activities - Government of Australia Subaccount for Selected Fund Activities

Framework Administered Account for Selected Fund Activities - Government of Australia Subaccount for Selected Fund Activities »

Source: Framework Administered Account for Selected Fund Activities - Government of Australia Subaccount for Selected Fund Activities

Volume/Issue: 2013/051

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2013

ISBN: 9781498341677

Keywords: Executive Board decisions, External financing, Framework Administered Account, Lapse of time approval, Technical Assistance, Anti-money laundering, Banks, Combating the financing of terrorism, Development, Financial assistance

In March 2009, the Fund adopted the Instrument to establish a new Framework Administered Account to administer external financial resources for Selected Fund Activities (the 'SFA Instrument').1 The financing of act...

Framework Administered Account for Selected Fund Activities - Africa Regional Technical Assistance Center West 2 Subaccount

Framework Administered Account for Selected Fund Activities - Africa Regional Technical Assistance Center West 2 Subaccount »

Volume/Issue: 2013/050

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2013

DOI: http://dx.doi.org/10.5089/9781498341684.007

ISBN: 9781498341684

Keywords: Africa Regional Technical Assistance Center, Executive Board decisions, External financing, Framework Administered Account, Lapse of time approval, Technical Assistance, West Africa, Anti-money laundering, Banks, Combating the financing of terrorism

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the 'SFA Instrument'). The financing of activities under the terms o...

Framework Administered Account for Selected Fund Activities - Government of Australia Subaccount for Selected Fund Activities

Framework Administered Account for Selected Fund Activities - Government of Australia Subaccount for Selected Fund Activities »

Volume/Issue: 2013/051

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2013

DOI: http://dx.doi.org/10.5089/9781498341677.007

ISBN: 9781498341677

Keywords: Executive Board decisions, External financing, Framework Administered Account, Lapse of time approval, Technical Assistance, Anti-money laundering, Banks, Combating the financing of terrorism, Development, Financial assistance

In March 2009, the Fund adopted the Instrument to establish a new Framework Administered Account to administer external financial resources for Selected Fund Activities (the 'SFA Instrument').1 The financing of act...

The Changing Collateral Space

The Changing Collateral Space »

Source: The Changing Collateral Space

Volume/Issue: 2013/25

Series: IMF Working Papers

Author(s): Manmohan Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2013

ISBN: 9781475542356

Keywords: velocity/re-use of collateral, central banks and QE, LCR, CCPs, custodians, CSDs, collateral, bonds, financial markets, derivatives market

This paper highlights the changing collateral landscape and how it may shape the global demand/supply for collateral. We first identify the key collateral pools (relative to the 'old' collateral space) and associat...

The Changing Collateral Space

The Changing Collateral Space »

Volume/Issue: 2013/25

Series: IMF Working Papers

Author(s): Manmohan Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2013

DOI: http://dx.doi.org/10.5089/9781475542356.001

ISBN: 9781475542356

Keywords: velocity/re-use of collateral, central banks and QE, LCR, CCPs, custodians, CSDs, collateral, bonds, financial markets, derivatives market

This paper highlights the changing collateral landscape and how it may shape the global demand/supply for collateral. We first identify the key collateral pools (relative to the 'old' collateral space) and associat...

Revisions to the Financial Action Task Force (FATF) Standard - Information Note to the Executive Board

Revisions to the Financial Action Task Force (FATF) Standard - Information Note to the Executive Board »

Volume/Issue: 2012/057

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2012

DOI: http://dx.doi.org/10.5089/9781498340205.007

ISBN: 9781498340205

Keywords: Anti-money laundering, Collaboration with other international organizations, Combating the financing of terrorism, Fund role, Standards and codes, Money laundering, Revenue administration, Development policy, Tax increases, Tax administration

The purpose of this note is to inform the Executive Board of the amendments made to the standard on anti-money laundering and combating the financing of terrorism (AML/CFT). The Financial Action Task Force (FATF)-t...

Revisions to the Financial Action Task Force (FATF) Standard - Information Note to the Executive Board

Revisions to the Financial Action Task Force (FATF) Standard - Information Note to the Executive Board »

Source: Revisions to the Financial Action Task Force (FATF) Standard - Information Note to the Executive Board

Volume/Issue: 2012/057

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2012

ISBN: 9781498340205

Keywords: Anti-money laundering, Collaboration with other international organizations, Combating the financing of terrorism, Fund role, Standards and codes, Money laundering, Revenue administration, Development policy, Tax increases, Tax administration

The purpose of this note is to inform the Executive Board of the amendments made to the standard on anti-money laundering and combating the financing of terrorism (AML/CFT). The Financial Action Task Force (FATF)-t...

Macro-prudential Policy in a Fisherian Model of Financial Innovation

Macro-prudential Policy in a Fisherian Model of Financial Innovation »

Volume/Issue: 2012/181

Series: IMF Working Papers

Author(s): Javier Bianchi , Emine Boz , and Enrique Mendoza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2012

DOI: http://dx.doi.org/10.5089/9781475505290.001

ISBN: 9781475505290

Keywords: Financial crises, financial innovation, macro-prudential regulation, Bayesian learning, collateral, bond, bonds, derivative

The interaction between credit frictions, financial innovation, and a switch from optimistic to pessimistic beliefs played a central role in the 2008 financial crisis. This paper develops a quantitative general equ...

The (Other) Deleveraging

The (Other) Deleveraging »

Volume/Issue: 2012/179

Series: IMF Working Papers

Author(s): Manmohan Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2012

DOI: http://dx.doi.org/10.5089/9781475505276.001

ISBN: 9781475505276

Keywords: pledged collateral, velocity of collateral, rehypothecation, deleveraging, securities lending, Taylor rule, collateral, hedge, financial system, hedge fund

Deleveraging has two components--shrinking of balance sheets due to increased haircuts/shedding of assets, and the reduction in the interconnectedness of the financial system. We focus on the second aspect and show...

Macro-prudential Policy in a Fisherian Model of Financial Innovation*

Macro-prudential Policy in a Fisherian Model of Financial Innovation* »

Source: Macro-prudential Policy in a Fisherian Model of Financial Innovation

Volume/Issue: 2012/181

Series: IMF Working Papers

Author(s): Javier Bianchi , Emine Boz , and Enrique Mendoza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2012

ISBN: 9781475505290

Keywords: Financial crises, financial innovation, macro-prudential regulation, Bayesian learning, collateral, bond, bonds, derivative

The interaction between credit frictions, financial innovation, and a switch from optimistic to pessimistic beliefs played a central role in the 2008 financial crisis. This paper develops a quantitative general equ...

The (Other) Deleveraging

The (Other) Deleveraging »

Source: The (Other) Deleveraging

Volume/Issue: 2012/179

Series: IMF Working Papers

Author(s): Manmohan Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2012

ISBN: 9781475505276

Keywords: pledged collateral, velocity of collateral, rehypothecation, deleveraging, securities lending, Taylor rule, collateral, hedge, financial system, hedge fund

Deleveraging has two components--shrinking of balance sheets due to increased haircuts/shedding of assets, and the reduction in the interconnectedness of the financial system. We focus on the second aspect and show...

Money and Collateral

Money and Collateral »

Volume/Issue: 2012/95

Series: IMF Working Papers

Author(s): Manmohan Singh , and Peter Stella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2012

DOI: http://dx.doi.org/10.5089/9781475502855.001

ISBN: 9781475502855

Keywords: collateral, securitization, central bank, monetary policy, monetary base, inflation, Financial Institutions and Services: Government Policy and Regulation, International Monetary Arrangements and Institutions, Corporation and Securities Law, General Financial Markets: Government Policy and Regulation,

Between 1980 and before the recent crisis, the ratio of financial market debt to liquid assets rose exponentially in the U.S. (and in other financial markets), reflecting in part the greater use of securitized asse...

Money and Collateral

Money and Collateral »

Source: Money and Collateral

Volume/Issue: 2012/95

Series: IMF Working Papers

Author(s): Manmohan Singh , and Peter Stella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2012

ISBN: 9781475502855

Keywords: collateral, securitization, central bank, monetary policy, monetary base, inflation, Financial Institutions and Services: Government Policy and Regulation, International Monetary Arrangements and Institutions, Corporation and Securities Law, General Financial Markets: Government Policy and Regulation,

Between 1980 and before the recent crisis, the ratio of financial market debt to liquid assets rose exponentially in the U.S. (and in other financial markets), reflecting in part the greater use of securitized asse...

Framework Administered Account for Selected Fund Activities - International Forum Sovereign Wealth Funds Subaccount

Framework Administered Account for Selected Fund Activities - International Forum Sovereign Wealth Funds Subaccount »

Source: Framework Administered Account for Selected Fund Activities - International Forum Sovereign Wealth Funds Subaccount

Volume/Issue: 2012/017

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2012

ISBN: 9781498340816

Keywords: Executive Board decisions, Framework Administered Account, Lapse of time approval, Sovereign wealth funds, Tax policy, Combating the financing of terrorism, Anti-money laundering, Natural resources, fund activity, essential term

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the 'SFA Instrument'). The financing of activities under the terms o...

Framework Administered Account for Selected Fund Activities - International Forum Sovereign Wealth Funds Subaccount

Framework Administered Account for Selected Fund Activities - International Forum Sovereign Wealth Funds Subaccount »

Volume/Issue: 2012/017

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2012

DOI: http://dx.doi.org/10.5089/9781498340816.007

ISBN: 9781498340816

Keywords: Executive Board decisions, Framework Administered Account, Lapse of time approval, Sovereign wealth funds, Tax policy, Combating the financing of terrorism, Anti-money laundering, Natural resources, fund activity, essential term

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the 'SFA Instrument'). The financing of activities under the terms o...

Framework Administered Account for Selected Fund Activities -Government of Canada Subaccount

Framework Administered Account for Selected Fund Activities -Government of Canada Subaccount »

Source: Framework Administered Account for Selected Fund Activities -Government of Canada Subaccount

Volume/Issue: 2012/012

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2012

ISBN: 9781498340861

Keywords: Canada, Executive Board decisions, Framework Administered Account, Lapse of time approval, Tax policy, Combating the financing of terrorism, Anti-money laundering, Financial assistance, Multilateral development institutions, fund activity

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for Selected Fund Activities (the 'SFA Instrument'). The financing of activities under the terms o...

Framework Administered Account for Selected Fund Activities -Government of Canada Subaccount

Framework Administered Account for Selected Fund Activities -Government of Canada Subaccount »

Volume/Issue: 2012/012

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2012

DOI: http://dx.doi.org/10.5089/9781498340861.007

ISBN: 9781498340861

Keywords: Canada, Executive Board decisions, Framework Administered Account, Lapse of time approval, Tax policy, Combating the financing of terrorism, Anti-money laundering, Financial assistance, Multilateral development institutions, fund activity

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for Selected Fund Activities (the 'SFA Instrument'). The financing of activities under the terms o...

The Nonbank-Bank Nexus and the Shadow Banking System

The Nonbank-Bank Nexus and the Shadow Banking System »

Volume/Issue: 2011/289

Series: IMF Working Papers

Author(s): Manmohan Singh , and Zoltan Pozsar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2011

DOI: http://dx.doi.org/10.5089/9781463927233.001

ISBN: 9781463927233

Keywords: shadow banking system, rehypothecation, collateral, maturity transformation, banking, banking system, banking sector, holding company, Financial Institutions and Services: Government Policy and Regulation, International Monetary Arrangements and Institutions

The present way of thinking about financial intermediation does not fully incorporate the rise of asset managers as a major source of funding for banks through the shadow banking system. Asset managers are dominant...

The Nonbank-Bank Nexus and the Shadow Banking System1

The Nonbank-Bank Nexus and the Shadow Banking System1 »

Source: The Nonbank-Bank Nexus and the Shadow Banking System

Volume/Issue: 2011/289

Series: IMF Working Papers

Author(s): Manmohan Singh , and Zoltan Pozsar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2011

ISBN: 9781463927233

Keywords: shadow banking system, rehypothecation, collateral, maturity transformation, banking, banking system, banking sector, holding company, Financial Institutions and Services: Government Policy and Regulation, International Monetary Arrangements and Institutions

The present way of thinking about financial intermediation does not fully incorporate the rise of asset managers as a major source of funding for banks through the shadow banking system. Asset managers are dominant...

Velocity of Pledged Collateral
			: Analysis and Implications

Velocity of Pledged Collateral : Analysis and Implications »

Volume/Issue: 2011/256

Series: IMF Working Papers

Author(s): Manmohan Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2011

DOI: http://dx.doi.org/10.5089/9781463923952.001

ISBN: 9781463923952

Keywords: pledged collateral, velocity of collateral, churning, rehypothecation, collateral, hedge, hedge funds, financial system, hedge fund, Financial Institutions and Services: Government Policy and Regulation

Large banks and dealers use and reuse collateral pledged by nonbanks, which helps lubricate the global financial system. The supply of collateral arises from specific investment strategies in the asset management c...

Velocity of Pledged Collateral

Velocity of Pledged Collateral »

Source: Velocity of Pledged Collateral : Analysis and Implications

Volume/Issue: 2011/256

Series: IMF Working Papers

Author(s): Manmohan Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2011

ISBN: 9781463923952

Keywords: pledged collateral, velocity of collateral, churning, rehypothecation, collateral, hedge, hedge funds, financial system, hedge fund, Financial Institutions and Services: Government Policy and Regulation

Large banks and dealers use and reuse collateral pledged by nonbanks, which helps lubricate the global financial system. The supply of collateral arises from specific investment strategies in the asset management c...

Framework Administered Account for Selected Fund Activities - Pacific Financial Technical Assistance Center (PFTAC) Subaccount

Framework Administered Account for Selected Fund Activities - Pacific Financial Technical Assistance Center (PFTAC) Subaccount »

Source: Framework Administered Account for Selected Fund Activities - Pacific Financial Technical Assistance Center (PFTAC) Subaccount

Volume/Issue: 2011/054

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2011

ISBN: 9781498339230

Keywords: Executive Board decisions, Framework Administered Account, Lapse of time approval, Pacific Financial Regional Technical Assistance Center, Technical Assistance, Public financial management, Tax policy, Revenue administration, Combating the financing of terrorism, Statistics

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the "SFA Instrument"). The financing of activities under the terms o...

Framework Administered Account for Selected Fund Activities - Pacific Financial Technical Assistance Center (PFTAC) Subaccount

Framework Administered Account for Selected Fund Activities - Pacific Financial Technical Assistance Center (PFTAC) Subaccount »

Volume/Issue: 2011/054

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2011

DOI: http://dx.doi.org/10.5089/9781498339230.007

ISBN: 9781498339230

Keywords: Executive Board decisions, Framework Administered Account, Lapse of time approval, Pacific Financial Regional Technical Assistance Center, Technical Assistance, Public financial management, Tax policy, Revenue administration, Combating the financing of terrorism, Statistics

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the "SFA Instrument"). The financing of activities under the terms o...

Framework Administered Account for Selected Fund Activities - African Development Bank Subaccount for Selected Fund Activities

Framework Administered Account for Selected Fund Activities - African Development Bank Subaccount for Selected Fund Activities »

Source: Framework Administered Account for Selected Fund Activities - African Development Bank Subaccount for Selected Fund Activities

Volume/Issue: 2011/040

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 May 2011

ISBN: 9781498338820

Keywords: Tax policy, Combating the financing of terrorism, Anti-money laundering, Financial assistance, Multilateral development institutions, fund activity, assistance center, AfDB, SFA, essential term

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for Selected Fund Activities (the "SFA Instrument"). The financing of activities under the terms o...

Framework Administered Account for Selected Fund Activities - African Development Bank Subaccount for Selected Fund Activities

Framework Administered Account for Selected Fund Activities - African Development Bank Subaccount for Selected Fund Activities »

Volume/Issue: 2011/040

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 May 2011

DOI: http://dx.doi.org/10.5089/9781498338820.007

ISBN: 9781498338820

Keywords: Tax policy, Combating the financing of terrorism, Anti-money laundering, Financial assistance, Multilateral development institutions, fund activity, assistance center, AfDB, SFA, essential term

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for Selected Fund Activities (the "SFA Instrument"). The financing of activities under the terms o...

Framework Administered Account for Selected Fund Activities - Denmark Subaccount for Selected Fund Activities

Framework Administered Account for Selected Fund Activities - Denmark Subaccount for Selected Fund Activities »

Source: Framework Administered Account for Selected Fund Activities - Denmark Subaccount for Selected Fund Activities

Volume/Issue: 2011/024

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 March 2011

ISBN: 9781498339100

Keywords: Executive Board decisions, External financing, Financial instruments, Framework Administered Account, Lapse of time approval, Technical Assistance, Tax policy, Combating the financing of terrorism, Anti-money laundering, Financial assistance

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund Activities (the 'SFA Instrument'). The financing of activities under the terms o...

Framework Administered Account for Selected Fund Activities - Denmark Subaccount for Selected Fund Activities

Framework Administered Account for Selected Fund Activities - Denmark Subaccount for Selected Fund Activities »

Volume/Issue: 2011/024

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 March 2011

DOI: http://dx.doi.org/10.5089/9781498339100.007

ISBN: 9781498339100

Keywords: Executive Board decisions, External financing, Financial instruments, Framework Administered Account, Lapse of time approval, Technical Assistance, Tax policy, Combating the financing of terrorism, Anti-money laundering, Financial assistance

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund Activities (the 'SFA Instrument'). The financing of activities under the terms o...

Framework Administered Account for Selected Fund Activities

Framework Administered Account for Selected Fund Activities »

Source: Framework Administered Account for Selected Fund Activities : World Bank Subaccount for Selected Fund Activities

Volume/Issue: 2011/022

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 March 2011

ISBN: 9781498339124

Keywords: Collaboration with World Bank, Executive Board decisions, External financing, Framework Administered Account, IDA, Lapse of time approval, Technical Assistance, Tax policy, Combating the financing of terrorism, Anti-money laundering

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund Activities (the 'SFA Instrument'). The financing of activities under the terms o...

Framework Administered Account for Selected Fund Activities
			:  World Bank Subaccount for Selected Fund Activities

Framework Administered Account for Selected Fund Activities : World Bank Subaccount for Selected Fund Activities »

Volume/Issue: 2011/022

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 March 2011

DOI: http://dx.doi.org/10.5089/9781498339124.007

ISBN: 9781498339124

Keywords: Collaboration with World Bank, Executive Board decisions, External financing, Framework Administered Account, IDA, Lapse of time approval, Technical Assistance, Tax policy, Combating the financing of terrorism, Anti-money laundering

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund Activities (the 'SFA Instrument'). The financing of activities under the terms o...

Why Does Bad News Increase Volatility and Decrease Leverage?

Why Does Bad News Increase Volatility and Decrease Leverage? »

Volume/Issue: 2010/206

Series: IMF Working Papers

Author(s): Ana Fostel , and John Geanakoplos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2010

DOI: http://dx.doi.org/10.5089/9781455205370.001

ISBN: 9781455205370

Keywords: Endogenous Leverage, Post-Bad News Volatility, Post-Good News Volatility, Volatility Smile, collateral, bond, bonds, financial contracts, stock options, General Equilibrium and Disequilibrium: General

The literature on leverage until now shows how an increase in volatility reduces leverage. However, in order to explain pro-cyclical leverage it assumes that bad news increases volatility. This paper suggests a rea...

Why Does Bad News Increase Volatility and Decrease Leverage?

Why Does Bad News Increase Volatility and Decrease Leverage? »

Source: Why Does Bad News Increase Volatility and Decrease Leverage?

Volume/Issue: 2010/206

Series: IMF Working Papers

Author(s): Ana Fostel , and John Geanakoplos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2010

ISBN: 9781455205370

Keywords: Endogenous Leverage, Post-Bad News Volatility, Post-Good News Volatility, Volatility Smile, collateral, bond, bonds, financial contracts, stock options, General Equilibrium and Disequilibrium: General

The literature on leverage until now shows how an increase in volatility reduces leverage. However, in order to explain pro-cyclical leverage it assumes that bad news increases volatility. This paper suggests a rea...

The (Sizable) Role of Rehypothecation in the Shadow Banking System

The (Sizable) Role of Rehypothecation in the Shadow Banking System »

Volume/Issue: 2010/172

Series: IMF Working Papers

Author(s): Manmohan Singh , and James Aitken

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2010

DOI: http://dx.doi.org/10.5089/9781455201839.001

ISBN: 9781455201839

Keywords: Rehypothecation, FSA, Velocity or Churning of Collateral, Counterparty Risk, collateral, hedge, hedge funds, hedge fund, Financial Institutions and Services: Government Policy and Regulation, International Monetary Arrangements and Institutions

This paper examines the sizable role of rehypothecation in the shadow banking system. Rehypothecation is the practice that allows collateral posted by, say, a hedge fund to its prime broker to be used again as coll...

The (Sizable) Role of Rehypothecation in the Shadow Banking System

The (Sizable) Role of Rehypothecation in the Shadow Banking System »

Source: The (Sizable) Role of Rehypothecation in the Shadow Banking System

Volume/Issue: 2010/172

Series: IMF Working Papers

Author(s): Manmohan Singh , and James Aitken

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2010

ISBN: 9781455201839

Keywords: Rehypothecation, FSA, Velocity or Churning of Collateral, Counterparty Risk, collateral, hedge, hedge funds, hedge fund, Financial Institutions and Services: Government Policy and Regulation, International Monetary Arrangements and Institutions

This paper examines the sizable role of rehypothecation in the shadow banking system. Rehypothecation is the practice that allows collateral posted by, say, a hedge fund to its prime broker to be used again as coll...

Fire Sales and the Financial Accelerator

Fire Sales and the Financial Accelerator »

Source: Fire Sales and the Financial Accelerator

Volume/Issue: 2010/141

Series: IMF Working Papers

Author(s): Woon Choi , and David Cook

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2010

ISBN: 9781455201242

Keywords: fire sales, financial accelerator, endogenous recovery rate, financial shock, liquidity spiral, collateral, inflation, monetary policy, inflation targeting, real interest rates

During periods of financial turmoil, increases in risk lead to higher default, foreclosure, and fire sales. This paper introduces a costly liquidation process for foreclosed collateral and endogenous recovery rates...

Fire Sales and the Financial Accelerator

Fire Sales and the Financial Accelerator »

Volume/Issue: 2010/141

Series: IMF Working Papers

Author(s): Woon Choi , and David Cook

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2010

DOI: http://dx.doi.org/10.5089/9781455201242.001

ISBN: 9781455201242

Keywords: fire sales, financial accelerator, endogenous recovery rate, financial shock, liquidity spiral, collateral, inflation, monetary policy, inflation targeting, real interest rates

During periods of financial turmoil, increases in risk lead to higher default, foreclosure, and fire sales. This paper introduces a costly liquidation process for foreclosed collateral and endogenous recovery rates...

Counterparty Risk, Impacton Collateral Flows and Role for Central Counterparties

Counterparty Risk, Impacton Collateral Flows and Role for Central Counterparties »

Source: Counterparty Risk, Impacton Collateral Flows and Role for Central Counterparties

Volume/Issue: 2009/173

Series: IMF Working Papers

Author(s): James Aitken , and Manmohan Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2009

ISBN: 9781451873207

Keywords: Counterparty Risk, Large Complex Financial Institutions, OTC derivatives, Collateral Flow, Central Counterparties, collateral, derivative, derivatives market, hedge, financial system,

Counterparty risk in the United States stemming from exposures to OTC derivatives payables (after netting) is now concentrated in five banks?Goldman Sachs, JPMorgan, Bank of America, Morgan Stanley and Citi. This n...

Counterparty Risk, Impacton Collateral Flows and Role for Central Counterparties

Counterparty Risk, Impacton Collateral Flows and Role for Central Counterparties »

Volume/Issue: 2009/173

Series: IMF Working Papers

Author(s): James Aitken , and Manmohan Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2009

DOI: http://dx.doi.org/10.5089/9781451873207.001

ISBN: 9781451873207

Keywords: Counterparty Risk, Large Complex Financial Institutions, OTC derivatives, Collateral Flow, Central Counterparties, collateral, derivative, derivatives market, hedge, financial system,

Counterparty risk in the United States stemming from exposures to OTC derivatives payables (after netting) is now concentrated in five banks?Goldman Sachs, JPMorgan, Bank of America, Morgan Stanley and Citi. This n...

Framework Administered Account for Selected Fund Activities- Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Subaccount

Framework Administered Account for Selected Fund Activities- Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Subaccount »

Source: Framework Administered Account for Selected Fund Activities- Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Subaccount

Volume/Issue: 2009/024

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2009

ISBN: 9781498336147

Keywords: Administered accounts, Anti-money laundering, Cofinancing Trust Accounts, Combating the financing of terrorism, Executive Board decisions, External financing, Lapse of time approval, International financial system, Globalization, Financial systems

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the 'SFA Instrument'). The financing of activities under the terms o...

Framework Administered Account for Selected Fund Activities- Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Subaccount

Framework Administered Account for Selected Fund Activities- Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Subaccount »

Volume/Issue: 2009/024

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2009

DOI: http://dx.doi.org/10.5089/9781498336147.007

ISBN: 9781498336147

Keywords: Administered accounts, Anti-money laundering, Cofinancing Trust Accounts, Combating the financing of terrorism, Executive Board decisions, External financing, Lapse of time approval, International financial system, Globalization, Financial systems

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the 'SFA Instrument'). The financing of activities under the terms o...

Deleveraging After Lehman

Deleveraging After Lehman »

Source: Deleveraging After Lehman : Evidence From Reduced Rehypothecation

Volume/Issue: 2009/42

Series: IMF Working Papers

Author(s): James Aitken , and Manmohan Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

ISBN: 9781451871906

Keywords: Rehypothecation, Lehman&;amp;#x2019;s bankruptcy, Counterparty risk, collateral, hedge, financial system, hedge fund, Financial Institutions and Services: Government Policy and Regulation, International Monetary Arrangements and Institutions, Corporation and Securities Law

Rehypothecation is the practice that allows collateral posted by, say, a hedge fund to their prime broker to be used again as collateral by that prime broker for its own funding. In the United Kingdom, such use of...

Deleveraging After Lehman
			: Evidence From Reduced Rehypothecation

Deleveraging After Lehman : Evidence From Reduced Rehypothecation »

Volume/Issue: 2009/42

Series: IMF Working Papers

Author(s): James Aitken , and Manmohan Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

DOI: http://dx.doi.org/10.5089/9781451871906.001

ISBN: 9781451871906

Keywords: Rehypothecation, Lehman&;amp;#x2019;s bankruptcy, Counterparty risk, collateral, hedge, financial system, hedge fund, Financial Institutions and Services: Government Policy and Regulation, International Monetary Arrangements and Institutions, Corporation and Securities Law

Rehypothecation is the practice that allows collateral posted by, say, a hedge fund to their prime broker to be used again as collateral by that prime broker for its own funding. In the United Kingdom, such use of...

Central Bank Collateral Frameworks

Central Bank Collateral Frameworks »

Source: Central Bank Collateral Frameworks : Principles and Policies

Volume/Issue: 2008/222

Series: IMF Working Papers

Author(s): Rebecca McCaughrin , Simon Gray , and Alexandre Chailloux

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2008

ISBN: 9781451870800

Keywords: Adverse selection, collateral, financial market crises, risk mitigation, credit, repo, pricing, counterparty,

Central bank collateral policies came under pressure with the 2007-08 financial market crisis. This paper addresses the rationale for and constraints in taking collateral, and recent practices in different collater...

Central Bank Collateral Frameworks
			: Principles and Policies

Central Bank Collateral Frameworks : Principles and Policies »

Volume/Issue: 2008/222

Series: IMF Working Papers

Author(s): Rebecca McCaughrin , Simon Gray , and Alexandre Chailloux

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2008

DOI: http://dx.doi.org/10.5089/9781451870800.001

ISBN: 9781451870800

Keywords: Adverse selection, collateral, financial market crises, risk mitigation, credit, repo, pricing, counterparty,

Central bank collateral policies came under pressure with the 2007-08 financial market crisis. This paper addresses the rationale for and constraints in taking collateral, and recent practices in different collater...

9 Challenges to Financial Intermediation in the Democratic Republic of the Congo

9 Challenges to Financial Intermediation in the Democratic Republic of the Congo »

Source: Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo

Series: Books

Author(s): Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2005

ISBN: 9781589062528

Keywords: civil war, civil wars, military, political instability, real gdp

For a number of years, the financial system [including the Central Bank of the Congo or BCC (Banque Centrale du Congo)] in the Democratic Republic of the Congo (DRC) has operated with limited resources in a...

5 Economic Performance Over the Conflict Cycle

5 Economic Performance Over the Conflict Cycle »

Source: Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo

Series: Books

Author(s): Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2005

ISBN: 9781589062528

Keywords: civil war, civil wars, military, political instability, real gdp

Section I. Introduction Poverty and armed conflict are closely connected, so the poorest countries face the prospect of being caught in a “conflict trap” of poverty and recurring con...

8 Empirical Evidence of the Sources of Hyperinflation and Falling Currency

8 Empirical Evidence of the Sources of Hyperinflation and Falling Currency »

Source: Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo

Series: Books

Author(s): Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2005

ISBN: 9781589062528

Keywords: civil war, civil wars, military, political instability, real gdp

The Democratic Republic of the Congo (DRC) experienced hyperinflation throughout the 1990s. For instance, from October 1990 to December 1995, the cumulative increase in prices was 6.3 billion percent, while...

1 Introduction and Overview

1 Introduction and Overview »

Source: Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo

Series: Books

Author(s): Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2005

ISBN: 9781589062528

Keywords: civil war, civil wars, military, political instability, real gdp

Internal conflict and wars have seriously affected Africa’s development and caused immense suffering to its population. One of the bloodiest wars since World War II took place in the Great Lakes region. The...

7 Political Instability and Growth in the Central African Republic, a Neighbor of the Democratic Republic of the Congo

7 Political Instability and Growth in the Central African Republic, a Neighbor of the Democratic Republic of the Congo »

Source: Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo

Series: Books

Author(s): Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2005

ISBN: 9781589062528

Keywords: civil war, civil wars, military, political instability, real gdp

Section I. Introduction The Central African Republic (C.A.R.), a landlocked nation about the size of France, is one of the poorest countries in the world. It ranked 168th out of 175...

Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo

Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo »

Series: Books

Author(s): Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2005

DOI: http://dx.doi.org/10.5089/9781589062528.071

ISBN: 9781589062528

Keywords: civil war, civil wars, military, political instability, real gdp

The Democratic Republic of the Congo is making significant strides on both the political and economic fronts to extricate itself from one of the bloodiest wars in African history. This remarkable turnaround offers...

Back Matter

Back Matter »

Source: Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo

Series: Books

Author(s): Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2005

ISBN: 9781589062528

Keywords: civil war, civil wars, military, political instability, real gdp

The Democratic Republic of the Congo is making significant strides on both the political and economic fronts to extricate itself from one of the bloodiest wars in African history. This remarkable turnaround offers...

Front Matter

Front Matter »

Source: Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo

Series: Books

Author(s): Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2005

ISBN: 9781589062528

Keywords: civil war, civil wars, military, political instability, real gdp

The Democratic Republic of the Congo is making significant strides on both the political and economic fronts to extricate itself from one of the bloodiest wars in African history. This remarkable turnaround offers...

10 Rebuilding Fiscal Institutions

10 Rebuilding Fiscal Institutions »

Source: Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo

Series: Books

Author(s): Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2005

ISBN: 9781589062528

Keywords: civil war, civil wars, military, political instability, real gdp

Section I. Introduction The collapse of the expenditure control system and revenue collection, and the resulting monetization of an uncontrolled budgetary deficit, were identified as...

6 Sources of Growth in the Democratic Republic of the Congo: An Econometric Approach

6 Sources of Growth in the Democratic Republic of the Congo: An Econometric Approach »

Source: Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo

Series: Books

Author(s): Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2005

ISBN: 9781589062528

Keywords: civil war, civil wars, military, political instability, real gdp

Section I. Introduction The Democratic Republic of the Congo (DRC), 1 with a large and dynamic population of more than 55 million people, is endowed...

11 Structural and Sectoral Policies and Their Sequencing

11 Structural and Sectoral Policies and Their Sequencing »

Source: Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo

Series: Books

Author(s): Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2005

ISBN: 9781589062528

Keywords: civil war, civil wars, military, political instability, real gdp

Section I. Introduction As described in Chapter 2, by late 2000 the Democratic Republic of the Congo (DRC) was facing a situation of widespread conflict and war, which was compoundin...

2 The Democratic Republic of the Congo: Lessons and Challenges for a Country Emerging From War

2 The Democratic Republic of the Congo: Lessons and Challenges for a Country Emerging From War »

Source: Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo

Series: Books

Author(s): Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2005

ISBN: 9781589062528

Keywords: civil war, civil wars, military, political instability, real gdp

The Democratic Republic of the Congo (DRC) has made remarkable progress in the past three years to extricate itself from one of the bloodiest wars since World War II. The war had devastating effects on the p...

4 The Economics of Civil War in Sub-Saharan Africa

4 The Economics of Civil War in Sub-Saharan Africa »

Source: Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo

Series: Books

Author(s): Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2005

ISBN: 9781589062528

Keywords: civil war, civil wars, military, political instability, real gdp

Section I. Introduction We have always maintained that the conflict in Sierra Leone is not about ideological, tribal or regional differences. It has nothing to do wit...

3 The Economics of Postconflict Countries: A Survey of the Literature

3 The Economics of Postconflict Countries: A Survey of the Literature »

Source: Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo

Series: Books

Author(s): Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2005

ISBN: 9781589062528

Keywords: civil war, civil wars, military, political instability, real gdp

Section I. Introduction The problems affecting countries in conflict have been the focus of increased attention in recent years, with particular emphasis on the impact of civil wars,...

12 The Long Road to Demilitarization: 1997–2003

12 The Long Road to Demilitarization: 1997–2003 »

Source: Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo

Series: Books

Author(s): Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2005

ISBN: 9781589062528

Keywords: civil war, civil wars, military, political instability, real gdp

This chapter reviews efforts regarding the disarmament, demobilization, and reintegration (DDR) of ex-combatants in the Democratic Republic of the Congo (DRC) between 1997 and 2003. Reflecting the evolving p...

Twelve-Month Pilot Program of Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Assessments-Joint Report on the Review of the Pilot Program

Twelve-Month Pilot Program of Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Assessments-Joint Report on the Review of the Pilot Program »

Volume/Issue: 2004/040

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 October 2004

DOI: http://dx.doi.org/10.5089/9781498330404.007

ISBN: 9781498330404

Keywords: Anti-money laundering, Collaboration with World Bank, Combating the financing of terrorism, Technical Assistance, Money laundering, Financial institutions, Financial systems, Bank accounting, Financial sector development, PP

...

Twelve-Month Pilot Program of Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Assessments-Joint Report on the Review of the Pilot Program

Twelve-Month Pilot Program of Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Assessments-Joint Report on the Review of the Pilot Program »

Source: Twelve-Month Pilot Program of Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Assessments-Joint Report on the Review of the Pilot Program

Volume/Issue: 2004/040

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 October 2004

ISBN: 9781498330404

Keywords: Anti-money laundering, Collaboration with World Bank, Combating the financing of terrorism, Technical Assistance, Money laundering, Financial institutions, Financial systems, Bank accounting, Financial sector development, PP

...

19 A Comparison Between Two Public Expenditure Management Systems in Africa

19 A Comparison Between Two Public Expenditure Management Systems in Africa »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

One important objective of the enhanced HIPC (Heavily Indebted Poor Country) debt reduction initiative is to redirect the budgetary resources released from servicing...

6 A Framework for Fiscal Debt Sustainability Analysis in Low-Income Countries

6 A Framework for Fiscal Debt Sustainability Analysis in Low-Income Countries »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

Assessing fiscal debt sustainability is an important element of fiscal policy analysis. It aids in evaluating the appropriateness of a country’s macroeconomic policies in both the s...

16 Aid and Fiscal Management

16 Aid and Fiscal Management »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

Foreign aid has dwindled in the budgets of many donor countries during the past several years, but it continues to loom very large for many of the recipients....

7 Experience with Budgetary Convergence in the WAEMU

7 Experience with Budgetary Convergence in the WAEMU »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

The viability of any economic integration plan depends upon its ability to ensure that the economic and financial policies defined by individual member countries of the union are co...

5 External Debt, Public Investment, and Growth in Low-Income Countries

5 External Debt, Public Investment, and Growth in Low-Income Countries »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

The relationship between external debt and growth continues to attract considerable interest from policymakers and academics alike. A large number of heavily indebted poor countries...

18 Fiscal Consequences of Armed Conflict and Terrorism in Low- and Middle-Income Countries

18 Fiscal Consequences of Armed Conflict and Terrorism in Low- and Middle-Income Countries »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

1. Introduction Contrary to expectations, the end of the Cold War has not been a harbinger of peace. There has been a proliferation of armed conflicts around the world over the past...

2 Fiscal Policy, Expenditure Composition, and Growth in Low-Income Countries

2 Fiscal Policy, Expenditure Composition, and Growth in Low-Income Countries »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

1. Introduction A large body of empirical research supports the notion that healthy budgetary balances are, over the long run, good for growth (Easterly, Rodriguez, and Schmidt-Hebbe...

1 Fiscal Policy for Economic Development: An Overview

1 Fiscal Policy for Economic Development: An Overview »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

Fiscal policy can foster growth and human development through a number of different channels. These channels include the macro-economic (for example, through the inf...

17 Foreign Aid and Consumption Smoothing: Evidence from Global Food Aid

17 Foreign Aid and Consumption Smoothing: Evidence from Global Food Aid »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

1. Introduction The debate on aid effectiveness has largely focused on the impact of aggregate “development assistance” on economic growth or economic development more broadly (Easte...

14 Foreign Aid and Revenue Response: Does the Composition of Aid Matter?

14 Foreign Aid and Revenue Response: Does the Composition of Aid Matter? »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

The debate on the effectiveness of foreign aid has revolved for some time around the relative efficiency of loans versus grants. Since the early 1960s, an often-repeated view has be...

4 Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries

4 Growth, Governance, and Fiscal Policy Transmission Channels in Low-Income Countries »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

1. Introduction “Expansionary fiscal contractions” occur when sustained reductions in government budget deficits increase GDP or growth of real income. Evidence of expansionary fisca...

Helping Countries Develop
			: The Role of Fiscal Policy

Helping Countries Develop : The Role of Fiscal Policy »

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

DOI: http://dx.doi.org/10.5089/9781589063181.071

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

Fiscal policy can foster growth and human development through a number of different channels. These include the macroeconomic (for example, through the influence of the budget deficit on growth) as well as the micr...

Back Matter

Back Matter »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

Fiscal policy can foster growth and human development through a number of different channels. These include the macroeconomic (for example, through the influence of the budget deficit on growth) as well as the micr...

Front Matter

Front Matter »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

Fiscal policy can foster growth and human development through a number of different channels. These include the macroeconomic (for example, through the influence of the budget deficit on growth) as well as the micr...

I Macroeconomic Policy in Developing Countries

I Macroeconomic Policy in Developing Countries »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

...

II Public Spending and the Millennium Development Goals

II Public Spending and the Millennium Development Goals »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

...

III Revenues and Growth

III Revenues and Growth »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

...

IV. Fiscal Policy and Aid

IV. Fiscal Policy and Aid »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

...

15 More Aid—Making It Work for the Poor

15 More Aid—Making It Work for the Poor »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

There has been a renewed call within the international community for industrial countries to meet the goal of devoting 0.7 percent of their GNP for official development assistance (...

3 Persistence of Fiscal Adjustments and Expenditure Composition in Low-Income Countries

3 Persistence of Fiscal Adjustments and Expenditure Composition in Low-Income Countries »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

There is a consensus among researchers that fiscal consolidations need to persist if they are to have a positive effect on growth. In general, the persistence of hig...

9 Public Spending on Health Care and the Poor

9 Public Spending on Health Care and the Poor »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

Introduction A number of national and international initiatives aim to increase pro-poor public spending, particularly in education and health care. A key international program for p...

13 Social Impact of a Tax Reform: The Case of Ethiopia

13 Social Impact of a Tax Reform: The Case of Ethiopia »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

Ethiopia is one of the poorest countries in the world, with a per capita gross national income of less than one-fourth of the sub-Saharan average. 1...

12 Tax Policy in Developing Countries: Some Lessons from the 1990s and Some Challenges Ahead

12 Tax Policy in Developing Countries: Some Lessons from the 1990s and Some Challenges Ahead »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

One of the central challenges facing low-income and developing countries is to mobilize sufficient tax revenue to sustainably finance, when combined with whatever aid is available,...

8 The Effectiveness of Government Spending on Education and Health Care in Developing and Transition Economies

8 The Effectiveness of Government Spending on Education and Health Care in Developing and Transition Economies »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

1. Introduction Policy makers are interested in the composition of public spending. 1 This attention stems in part from the belief that government s...

11 The Efficiency of Government Expenditure: Experiences from Africa

11 The Efficiency of Government Expenditure: Experiences from Africa »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

1. Introduction Governments provide a host of goods and services to their populations, to achieve various economic and social objectives. The efficiency with which these goods and se...

10 User Payments for Basic Education in Low-Income Countries

10 User Payments for Basic Education in Low-Income Countries »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

Basic education combined with social mobility is a prerequisite for successful economic development. Basic education improves productivity through investment in huma...

V. Special Topics

V. Special Topics »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

...

Enhanced Heavily Indebted Poor Countries (HIPC) Initiative - Creditor Participation Issues

Enhanced Heavily Indebted Poor Countries (HIPC) Initiative - Creditor Participation Issues »

Source: Enhanced Heavily Indebted Poor Countries (HIPC) Initiative - Creditor Participation Issues

Volume/Issue: 2003/036

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2003

ISBN: 9781498329521

Keywords: HIPC Initiative, Agricultural development, Assets, Banks, Central banking, Central banks, Commercial credit, Credit, Debt, Debt financing

...

Enhanced Heavily Indebted Poor Countries (HIPC) Initiative - Creditor Participation Issues

Enhanced Heavily Indebted Poor Countries (HIPC) Initiative - Creditor Participation Issues »

Volume/Issue: 2003/036

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2003

DOI: http://dx.doi.org/10.5089/9781498329521.007

ISBN: 9781498329521

Keywords: HIPC Initiative, Agricultural development, Assets, Banks, Central banking, Central banks, Commercial credit, Credit, Debt, Debt financing

...