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Business and Economics > Insurance

You are looking at 1 - 7 of 7 items for :

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Cover Balance of Payments Manual, Sixth Edition Compilation Guide
Balance of Payments Manual, Sixth Edition Compilation Guide
Mr. Eduardo Valdivia-Velarde
and
Ms. Tamara Razin

Abstract

The Balance of Payments and International Investment Position Manual 6: Compilation Guide is a companion document to the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6). The purpose of the Guide is to show how the conceptual framework described in the BPM6 may be implemented in practice and to provide practical advice on source data and methodologies for compiling statistics on the balance of payments and the international investment position. The Guide is not intended to be a stand-alone manual, and readers should be familiar with the BPM6.

Keywords:
M&G; economy; transaction; goods; enterprise survey; net acquisition; investment fund; balance of payments; financing transaction; incurrence of liability; Foreign direct investment; Income; Securities; Insurance; Currencies; Global; Africa; net incurrence; acquisition of financial assets; Financial account
Cover Departmental Papers
The Global Financial Crisis and Adjustment to Shocks in Kenya, Tanzania, and Uganda: A Balance Sheet Analysis Perspective
Ms. Iyabo Masha
This paper analyzes the impact of the global financial crisis on the banking systems in Kenya, Tanzania, and Uganda, and their responses to it, using information from banking system balance sheets. The paper undertakes two distinct analyses. In the first analysis, the focus is on the trend in intersectoral balances and positions in the long run, using annual data for 2001–08. The second analysis uses monthly data for December 2007–May 2009 to determine how intersectoral balance sheets adjusted in the short run to sudden changes in the economic environment during the recent global financial crisis.
Keywords:
DPPP; DP; foreign currency; share; securities; loan; currency; accounts receivable; net po; Intersectoral asset; net foreign currency position; foreign currency position; positions of Kenya; forex liability; Kenyan shilling; Currencies; Financial derivatives; Loans; Foreign currency exposure; Global
Cover IMF Working Papers
Out of the Box Thoughts about the International Financial Architecture
Mr. Barry J. Eichengreen
The Global Credit Crisis of 2008-09 has underscored the urgency of reforming the international financial architecture. While a number of short-term reforms are already in train, this paper contemplates more ambitious reforms of the international financial architecture that might be implemented over the next ten years. It proposes routinizing the expansion of IMF quotas and the conduct of exchange rate surveillance. It contemplates an expanded role for the SDR in international transactions, which would require someone-like the IMF-to act as market maker. It considers proposals for reimposing Glass-Steagall-like restrictions on commercial and investment banking, something that will have to be coordinated internationally to be feasible. Other proposals would require banks to purchase capital insurance; here the question is who would be on the other side of the market. Again there is likely to be a role for the IMF. Then there are arguments for a new agency or institution to deal with cross-border bank insolvencies. Any such entity will require staff support, which might plausibly come from the Fund. Finally, some insist that international colleges of regulators are not enough-that it is desirable to create a World Financial Organization (WFO) with the power to sanction members whose national regulatory policies are not up to international standards. A WFO will similarly need staff support, of which the IMF would be one possible source. All this of course presupposes meaningful IMF governance reform so that the institution has the legitimacy and efficiency to assume these additional responsibilities. The paper therefore concludes with some conventional and unconventional proposals for IMF governance reform.
Keywords:
WP; bank; central bank; financial market; IMF governance; credit crisis; IMF surveillance
Cover Officially-Supported Export Credits
Officially-Supported Export Credits
Developments & Prospects, 1988
International Monetary Fund

Abstract

This paper emphasizes on the policy reaction of the agencies and their authorities to countries in various stages of debt-servicing difficulties. It was found that, largely for competitive reasons and provided that significant arrears had not emerged, agencies as a group had tended to remain quite open for debtors pursuing policies that could be expected to lead to payments difficulties, thus facilitating the postponement of necessary adjustment by the debtor and increasing the likelihood of eventual debt-servicing difficulties. Despite this more open stance, the volume of new medium-term credit and cover commitments to developing countries appears to have fallen off sharply over the past two years. Although for some debtors the operative constraint is clearly on the supply of new credits and cover, this is not the general case and, indeed, agencies reported net repayments from some countries for which they were wide open for new business.

Keywords:
WEFS; export credit agency; a number of agency; OECD series; export credit flow; Export credit financing system; Export credits; Credit; Exchange rate adjustments; Currencies; Bank credit; Asia and Pacific; West Africa; Global; Middle East; Western Hemisphere; Europe; Africa; investment project; supported export credits; nonbank export credits; investment program; Caribbean
Cover The Fund Agreement in the Courts, Vol. II
The Fund Agreement in the Courts, Vol. II
Mr. Joseph Gold

Abstract

Written by Joseph Gold, former General Counsel and now Senior Consultant at the IMF, these volumes contain discussions of the ever-increasing body of cases in which the Articles have had a bearing on issues before the courts.

Keywords:
BOOK; article; court; control regulation; exchange contract; Fund; exchange control regulation; unit of account; lower court; Exchange restrictions; Currencies; Exchange rates; Insurance; Europe; South America; Global
Cover Les procès d’assurance cubains et les Statuts du Fonds
Les procès d’assurance cubains et les Statuts du Fonds
International Monetary Fund
Keywords:
PAM; article; exchange control regulation; contract; regulation; exchange contract
Cover Cuban insurance Cases and the Articles of the Fund
Cuban insurance Cases and the Articles of the Fund
International Monetary Fund

Abstract

This paper discusses the Cuban insurance cases. The litigation in U.S. courts in which claims have been made under life insurance policies issued by U.S. or Canadian companies to applicants then resident in Cuba is the most extensive body of cases involving Article VIII, Section 2(6) that has come into the courts. The cases suggest that the benefits of Article VIII, Section 2(6), cease to be available to a country once it withdraws from the IMF, even in respect of contracts entered into when the country was a member. This conclusion seems to have been accepted by both courts and counsel in the cases.

Keywords:
PAM; article; exchange control regulation; contract; regulation; exchange contract; defendant company; life insurance contract; exchange resource; Currencies; Exchange restrictions; Insurance; Insurance companies