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Perspectivas económicas, mayo de 2013
			: Las Américas: Tiempo de reforzar las defensas macroeconómicas

Perspectivas económicas, mayo de 2013 : Las Américas: Tiempo de reforzar las defensas macroeconómicas »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2013

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781484391754.086

ISBN: 9781484391754

Keywords: tfp, current account, external shocks, commodity prices, public debt, IMF, simple average, foreign asset, GDP growth

A pesar de algunos riesgos mundiales, seguramente las condiciones externas seguirán siendo propicias para América Latina. Dado que se espera que en las economías avanzadas se mantenga una política monetaria laxa du...

Regional Economic Outlook, May 2013, Western Hemisphere
			: Time to Rebuild Policy Space

Regional Economic Outlook, May 2013, Western Hemisphere : Time to Rebuild Policy Space »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2013

DOI: http://dx.doi.org/10.5089/9781484347928.086

ISBN: 9781484347928

Keywords: Production, Financial crises, Financial statistics, Gross domestic product, Capital, Economies, Economic indicators, tfp, current account, external shocks

Despite some global risks, external conditions for Latin America should remain stimulative. With monetary policy in advanced economies expected to stay accommodative, external financing conditions will remain favor...

Regional Economic Outlook, April 2014, Asia and Pacific
			: Sustaining the Momentum: Vigilance and Reforms

Regional Economic Outlook, April 2014, Asia and Pacific : Sustaining the Momentum: Vigilance and Reforms »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 April 2014

DOI: http://dx.doi.org/10.5089/9781484316573.086

ISBN: 9781484316573

Keywords: Financial crises, Credit, Central banks, Business cycles, Capital, Macroprudential policies and financial stability, Financial systems, inflation, capital flows, capital flow

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

How Commodity Price Curves and Inventories React to a Short-Run Scarcity Shock

How Commodity Price Curves and Inventories React to a Short-Run Scarcity Shock »

Source: How Commodity Price Curves and Inventories React to a Short-Run Scarcity Shock

Volume/Issue: 2010/222

Series: IMF Working Papers

Author(s): Nese Erbil , and Shaun Roache

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2010

ISBN: 9781455208876

Keywords: Asset pricing, inventories, futures price, futures prices, inventory, contango, General Equilibrium and Disequilibrium: General,

How does a commodity market adjust to a temporary scarcity shock which causes a shift in the slope of the futures price curve? We find long-run relationships between spot and futures prices, inventories and interes...

Commodities and the Market Price of Risk

Commodities and the Market Price of Risk »

Source: Commodities and the Market Price of Risk

Volume/Issue: 2008/221

Series: IMF Working Papers

Author(s): Shaun Roache

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2008

ISBN: 9781451870794

Keywords: Asset pricing, Futures pricing., commodity futures, investors, risk premium, hedge, risk exposure, futures pricing,

Commodities are back following a stellar run of price performance, attracting financial investor attention. What are the fundamental reasons to hold commodities? One reason is the exposure offered to underlying ris...

Assessing Default Risks for Chinese Firms

Assessing Default Risks for Chinese Firms »

Source: Assessing Default Risks for Chinese Firms : A Lost Cause?

Volume/Issue: 2015/140

Series: IMF Working Papers

Author(s): Daniel Law , and Shaun Roache

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2015

ISBN: 9781513597584

Keywords: default probabilities, equity, market, Asset Pricing, Financial Forecasting and Simulation,

Assessing default risks for Chinese firms is hard. Standard measures of risk using market indicators may be unreliable because of implicit guarantees, the large role played by less-informed investors, and other mar...

Optimal Macroprudential Policy and Asset Price Bubbles

Optimal Macroprudential Policy and Asset Price Bubbles »

Source: Optimal Macroprudential Policy and Asset Price Bubbles

Volume/Issue: 2019/184

Series: IMF Working Papers

Author(s): Nina Biljanovska , Lucyna Gornicka , and Alexandros Vardoulakis

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 August 2019

ISBN: 9781513511078

Keywords: Economic conditions, Financial crises, Demand, Economic stabilization, Price indexes, Collateral constraints, rational bubbles, macroprudential regulation, optimal policy, WP

An asset bubble relaxes collateral constraints and increases borrowing by credit-constrained agents. At the same time, as the bubble deflates when constraints start binding, it amplifies downturns. We show analytic...

Do Commodity Futures Help Forecast Spot Prices?

Do Commodity Futures Help Forecast Spot Prices? »

Source: Do Commodity Futures Help Forecast Spot Prices?

Volume/Issue: 2011/254

Series: IMF Working Papers

Author(s): David Reichsfeld , and Shaun Roache

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2011

ISBN: 9781463923891

Keywords: Asset Pricing, Futures Pricing, Financial Forecasting, futures price, futures prices, forecasting, random walk, futures markets, General Financial Markets: General (includes Measurement and Data),

We assess the spot price forecasting performance of 10 commodity futures at various horizons up to two years and test whether this performance is affected by market conditions. We reject efficient markets based on...

The Equilibrium Distributions of Value for Risky Stocks and Bonds

The Equilibrium Distributions of Value for Risky Stocks and Bonds »

Source: The Equilibrium Distributions of Value for Risky Stocks and Bonds

Volume/Issue: 2001/39

Series: IMF Working Papers

Author(s): Ronald Johannes

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2001

ISBN: 9781451845839

Keywords: Capital assets, distribution of expected price, market fundamentals, investor sentiment, probability, bonds, probability distribution, equations,

Within a unified theory for stocks and corporate bonds, based on dynamic optimization by investors, this paper derives analytical expressions for the momentary distributions of expected price, respectively known to...

Canada

Canada »

Source: Canada : Staff Report for the 2011 Article IV Consultation

Volume/Issue: 2011/364

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 December 2011

ISBN: 9781463929220

Keywords: financial institutions, commodity prices, domestic demand, terms of trade, financial assets

The Canadian monetary and fiscal policies have remained accommodative, reflecting in large measure the effective response to the crisis. Canada is expected to set the appropriate policy mix in the future, at a time...