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Issues in Central Bank Finance and Independence »
Article
Source: Issues in Central Bank Finance and Independence
Volume/Issue: 2008/37
Series: IMF Working Papers
Author(s): Åke Lönnberg , and Peter Stella
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2008
ISBN: 9781451868999
Keywords: central bank, national bank, reserve bank, inflation
Conventional economic policy models focus only on selected elements of the central bank balance sheet, in particular monetary liabilities and sometimes foreign reserves. The canonical model of an "independent" cent...
Global Shocks and their Impacton Low-Income Countries »
Article
Source: Global Shocks and their Impacton Low-Income Countries : Lessons From theglobal Financial Crisis
Volume/Issue: 2011/27
Series: IMF Working Papers
Author(s): Chris Papageorgiou , Hans Weisfeld , Catherine Pattillo , Martin Schindler , Nicola Spatafora , and Andrew Berg
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2011
ISBN: 9781455216741
Keywords: Global financial crisis, Low-income countries, Short-run growth, terms of trade, regression analysis, output growth, exchange rate regime, Macroeconomic Aspects of International Trade and Finance: General, Economic Growth and Aggregate Productivity: General,
This paper investigates the short-run effects of the 2007-09 global financial crisis on growth in (mainly non-fuel exporting) low-income countries (LICs). Four conclusions stand out. First, for many individual LICs...