Search Results

You are looking at 1 - 10 of 92 items for :

  • "share measure" x
Clear All
International Monetary Fund. Monetary and Capital Markets Department

(private external debt, amortization, and the foreign currency and external shares of public debt). EMPEs in low-income countries are sometimes better predicted by signal extraction techniques and sometimes by machine learning, depending on whether foreign currency share data are included. If included, net open foreign currency share measures are important; other important predictors include indicators of first-generation currency crises (cumulative inflation, fiscal vulnerabilities, exchange rate regime), banking system health (share of non-investment-grade debt

International Monetary Fund. Monetary and Capital Markets Department

(private external debt, amortization, and the foreign currency and external shares of public debt). EMPEs in low-income countries are sometimes better predicted by signal extraction techniques and sometimes by machine learning, depending on whether foreign currency share data are included. If included, net open foreign currency share measures are important; other important predictors include indicators of first-generation currency crises (cumulative inflation, fiscal vulnerabilities, exchange rate regime), banking system health (share of non-investment-grade debt

KLAUS-WALTER RIECHEL

U nemployment in the N etherlands , at between 13 and 14 percent of the labor force in the past two years, has been among the highest in the industrial countries. In addressing the unemployment problem, the Dutch authorities have relied on wage restraint and on direct and selective labor market measures, including measures that are commonly referred to as work-sharing measures. Work-sharing initiatives for the private sector started in 1982 when the suspension of index-linked wage increases was linked to the plan for a reduction in annual working time of 5

Mr. Phurichai Rungcharoenkitkul

Front Matter Page Asia and Pacific Department Authorized for distribution by Roberto Cardarelli Contents I. Introduction II. The Asset Price Framework A. Risk Sharing B. Contagion III. Measuring Risk Sharing from Bond Prices A. Affine Term Structure Model B. Estimation C. Risk Sharing Measures IV. Is There Tradeoff to Financial Integration? A. Contagion Risks B. Cost-Benefit Tradeoff to Integration V. Making Financial Integration Work for Asia VI. Conclusion References Figures 1 Log Stochastic Discount

International Monetary Fund. External Relations Dept.

during 1998/99, after meeting the expenses of administering the ESAF Trust, amounted to SDR 329 million, which was added to the IMF’s reserves. The IMF’s General Resources Account was not reimbursed for the expenses of administering the ESAF Trust in 1998/99; instead, an equivalent amount was transferred from the ESAF Trust Reserve Account to the ESAF-HIPC Trust. To strengthen its financial position against the consequences of overdue obligations, the IMF has adopted “burden-sharingmeasures to accumulate additional precautionary balances and to distribute the

Robert P. Flood, Nancy P. Marion, and Mr. Akito Matsumoto

cycle frequency. 6 Existing risk-sharing measures generally ignore the role of average consumption growth rates. Our new measure does not. While risks can be shared through income transfers by trading assets or writing insurance contracts, these are not the only possible methods for risk sharing. Our measure is designed to capture previously ignored aspects of risk sharing achieved (perhaps) through technology transfer rather than income transfer. Our measure is sufficiently flexible that we can use it to break down risk sharing at different frequencies. Taking