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Western Hemisphere > Argentina

You are looking at 1 - 8 of 8 items for :

  • Type: Journal Issue x
  • Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access x
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Cover IMF Working Papers
Reported Social Unrest Index: September 2024 Update
Philip Barrett
This is the third update of the reported Social Unrest Index (Barrett et al. 2022), describing the evolution of social unrest worldwide since June 2023. It shows that the global incidence of unrest has stayed broadly stable in the last year. However, the global distribution has not been even, with a concentration of major events in Europe and sub-Saharan Africa and, to a lesser extent, in the Western Hemisphere.
Keywords:
Social unrest; Media coverage; unrest event; RSUI data; unrest index; copyright page; RSUI-defined event; Stock markets; COVID-19; Western Hemisphere; Global; Sub-Saharan Africa; Europe
Cover Selected Decisions and Selected Documents of the International Monetary Fund, Thirty-Eighth Issue
Selected Decisions and Selected Documents of the International Monetary Fund, Thirty-Eighth Issue
International Monetary Fund. Legal Dept.

Abstract

This volume documents decisions, interpretations, and resolutions of the Executive Board and Board of Governors of the International Monetary Fund, as well as documents relating to the United Nations and other international organizations.

Keywords:
SELD; holding; capital transfer; usable currency; use of fund's resource; Japanese yen; signature authority decision; Currencies; Credit; Special Data Dissemination Standard (SDDS); Loans; Multiple currency practices; Global; West Africa; Africa; Institutional View on capital flows
Cover Behind the Scenes with Data at the IMF
Behind the Scenes with Data at the IMF
An IEO Evaluation
International Monetary Fund. Independent Evaluation Office

Abstract

This report examines whether the IMF has effectively leveraged an important asset: data. It finds that in general, the IMF has been able to rely on a large amount of data of acceptable quality, and that data provision from member countries has improved markedly over time. Nonetheless, problems with data or data practices have, at times, adversely affected the IMF’s surveillance and lending activities. The roots of data problems are diverse, ranging from problems due to member countries’ capacity constraints or reluctance to share sensitive data to internal issues such as lack of appropriate staff incentives, institutional rigidities, and long-standing work practices. Efforts to tackle these problems are piecemeal, the report finds, without a clear comprehensive strategy that recognizes data as an institutional strategic asset, not just a consumption good for economists. The report makes a number of recommendations that could promote greater progress in this regard.

Keywords:
IEOR; IEO; data; data management; evaluation; data practice; IMF data provision; model data management guideline; data management framework; data deficiency; Special Data Dissemination Standard (SDDS); Data dissemination; Financial statistics; Financial statements; Global; data challenge; data management initiative; evaluation team; IMF document; Data collection
Cover Selected Decisions and Selected Documents of the International Monetary Fund, Thirty-Seventh Issue
Selected Decisions and Selected Documents of the International Monetary Fund, Thirty-Seventh Issue
International Monetary Fund. Legal Dept.

Abstract

The Thirty-Seventh Issue of Selected Decisions and Selected Documents of the International Monetary Fund includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the International Monetary Fund, as well as selected documents to which frequent reference is made in the current activities of the Fund. In addition, it includes documents relating to the IMF, the United Nations, and other international organizations.

Keywords:
SELD; holding; capital transfer; usable currency; use of fund's resource; Japanese yen; signature authority decision; Currencies; Financial Sector Assessment Program; Institutional View on capital flows; Loans; Global; West Africa; Africa; Credit
Cover IMF Working Papers
Does Sdds Subscription Reduce Borrowing Costs for Emerging Market Economies
Mr. John Cady
Does macroeconomic data transparency-as signaled by subscription to the IMF's Special Data Dissemination Standard (SDDS)-help reduce borrowing costs in private capital markets? This question is examined using detailed data on new issues of sovereign foreign currency-denominated (U.S. dollar, yen, and euro) bonds for several emerging market economies. Panel econometric estimates indicate that spreads on new bond issues declined by about 75 basis points following SDDS subscription.
Keywords:
WP; SDDS subscription; yield; borrowing cost; SDDS discount; secondary market; Sovereign debt and yield spreads; international capital markets; standards and codes; data transparency; SDDS; SDDS coefficient estimate; emerging market yields spread; sovereign bond bond issue; SDDS data category; Special Data Dissemination Standard (SDDS); Emerging and frontier financial markets; Bonds; Securities markets; Global
Cover IMF Working Papers
Is Transparency Good for You, and Can the IMF Help?
Yongseok Shin
and
Ms. Rachel Glennerster
This paper finds that reforms introduced by the IMF to promote transparency have created more informed markets and reduced borrowing costs for those emerging market countries that volunteered for them. Using a quarterly panel estimation with fixed country effects, we find that sovereign spreads fall following the adoption of three different transparency reforms. The effects are economically important, especially for those countries with low initial transparency. We use two-stage least squares to address any endogeneity in the timing of reforms exploiting internal IMF timetables that are unrelated to country events. Next, using a panel GARCH specification, we show that spreads move more than normal in the days immediately following publication of IMF country documents.
Keywords:
WP; program country; least squares; Transparency; publication; institutions; emerging markets; sovereign spreads; IMF; SDDS; ROSC; Article IV; GARCH; news effect; role of the IMF; credit ratings; borrowing costs; capital markets; data dissemination; market information; Article IV report; IMF document; publication effect; IMF country document; Article IV publication; IMF report; Special Data Dissemination Standard (SDDS); Securities markets; Emerging and frontier financial markets; International capital markets; Africa; Central and Eastern Europe; Middle East; Western Hemisphere; Asia and Pacific
Cover IMF Working Papers
The Link Between Adherence to International Standards of Good Practice, Foreign Exchange Spreads, and Ratings
Mr. Andrew J Tiffin
,
Mr. Christian B. Mulder
, and
Mr. Charalambos Christofides
This paper examines the relationship between adherence to international standards of good practice in policy-making and two key indicators of access to capital markets and the cost of this access: spreads and sovereign ratings. In contrast to other work, this study reviews a broad set of indicators for adherence to international standards. The estimations are conducted for emerging market economies, and pay particular attention to issues of persistence in spreads and ratings and nonlinearities in the relationships. The main finding confirms the expectation that standards are indeed relevant. Accounting standards and property rights are especially important for spreads, in addition to data transparency (SDDS subscription). Accounting standards and corruption are especially important in explaining ratings in addition to trade protectiveness (not a standard).
Keywords:
WP; financial market; short-term debt; Standard and Poor's; single standard; Standards and codes; foreign exchange spreads; credit ratings; crisis prevention; WEF favoritism variable; sovereign bond; lowest-and-highest rated country; opacity index; WEF government; country examples fpor; ratings Index; emerging-market country; General Data dissemination system; trade restrictiveness index; Special Data Dissemination Standard (SDDS); Accounting standards; Asia and Pacific
Cover IMF Survey
IMF Survey: Volume 29, Issue 11
International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx
Keywords:
SV; Horst Köhler; work program; IMF facilities; General data dissemination system; IMF staff country; IMF publication service; IMF's website; Exchange rate arrangements; Exchange rate flexibility; Exchange rates; Capital inflows; Global; Africa; Caribbean; Middle East; East Asia