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Europe > Iceland

You are looking at 1 - 2 of 2 items for :

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Cover IMF Working Papers
The Role of Risk and Information for International Capital Flows: New Evidence from the SDDS
Ms. Yuko Hashimoto
and
Mr. Konstantin Wacker
In this paper we investigate whether better information about the macroeconomic environment of an economy has a positive impact on its capital inflows, namely portfolio and foreign direct investment (FDI). The purpose of our study is to explicitly quantify information asymmetries by compliance with the IMF's Special Data Dissemination Standard (SDDS). For FDI, we find statistically significant and robust support for this hypothesis: SDDS subscription increased inflows by an economically relevant magnitude of about 60 percent. We also find evidence of aversion against political and macroeconomic risk as determinants of portfolio and FDI flows anduse a non-parametric test for spatial correlation in the residual of capital flows.
Keywords:
WP; FDI inflow; interest rate; emerging market; FDI flow; determinants of capital flows; information; panel data; risk; SDDS; IMF; FDI; portfolio investment; spatial econometrics; FDI-agglomeration literature; FDI literature; SDDS subscription; portfolio flow; Foreign direct investment; Special Data Dissemination Standard (SDDS); Capital flows; Exchange rates; Global
Cover IMF Staff Country Reports
Iceland: Report on the Observance of Standards and Codes (ROSC)—Data Module
International Monetary Fund
This Report on the Observance of Standards and Codes on Data Module for Iceland highlights Data Module, response by the authorities, and detailed assessments using the data quality assessment framework. Iceland’s macroeconomic statistics are generally of high quality and are adequate to conduct effective surveillance. There is a high degree of quality awareness among Iceland’s statistical managers. There are some deficiencies in the periodicity and timeliness of the producer price index, and in the timeliness of central government finance statistics.
Keywords:
ISCR; CR; central bank; sc; central government; staff resource; balance of payments; ROSC exercise; ROSC recommendation; commitment to confidentiality; Consumer price indexes; Balance of payments statistics; Producer price indexes; Monetary statistics; Data collection; Europe