Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Europe > Norway

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

  • Type: Journal Issue x
  • Capital market x
Clear All Modify Search
Cover IMF Working Papers
Spillovers to and from the Nordic Economies: A Macroeconometric Model Based Analysis
Mr. Francis Vitek
This paper analyzes the transmission of shocks and policies among and across the Nordic economies and the rest of the world. This spillover analysis is based on a pair of estimated structural macroeconometric models of the world economy, disaggregated into thirty five national economies. We find that the Nordic economies are heavily exposed to external macroeconomic and financial shocks, but have significant scope to mitigate their domestic macroeconomic impacts through coordinated policy responses, given their high degree of regional integration.
Keywords:
WP; economy; Nordic economy; output spillover; Spillover analysis; Trade linkages; Financial linkages; External risks; Policy coordination; output loss; spillover coefficient; risk premium shock; export exposure; source economy; Return on investment; Spillovers; Stock markets; Securities markets; Exports; Global
Cover IMF Staff Country Reports
European Union: Publication of Financial Sector Assessment Program Documentation—Technical Note on European Securities and Markets Authority
International Monetary Fund. Monetary and Capital Markets Department
This article reviews the European Securities and Markets Authority (ESMA) of the European Union. ESMA performed a role in the regulation and supervision of the securities market. ESMA was created to supervise the financial system to enhance financial markets. In crisis management, ESMA focused on coordination, and identified and monitored risks. It also played an important role in the single rule book credit rating agency supervision. The assessment of the ESMA in the European Union is a next level in economic development.
Keywords:
ISCR; CR; ESMA staff; ESMA regulation; ESMA official; ESMA chair; governance structure; simulation exercise; Securities markets; Financial sector stability; Budget planning and preparation; Crisis management; Europe; Global
Cover IMF Working Papers
Corporate Governance Reforms in the EU: Do They Matter and How?
Mr. Iryna V. Ivaschenko
and
Ms. Petya Koeva Brooks
This paper proposes a new approach to quantifying the effects of corporate governance reforms, by focusing on the dynamics of the voting premiums, a measure of the private benefits of control in a corporation. The results indicate that the reforms have been successful in reducing the voting premiums EU-wide. Moreover, more intense and broad reform efforts (such as introducing national reforms beyond and above the EU-wide initiatives) bring higher and longer lasting benefits. Our findings also suggest that the market for corporate control in Europe has become more integrated, as illustrated by the lower dispersion in voting premiums across countries and over time.
Keywords:
WP; shareholder; company; shareholder empowerment
Cover IMF Staff Country Reports
Chile: Selected Issues
International Monetary Fund
The report gives details of the economic analysis for the implementation of Chile's inflation targeting framework. It reviews the current state of liquidity in the Chilean fixed-income markets and developments and impediments to the supply of corporate bonds to the market. The paper considers a number of microstructure issues, transparency in the Over-the-Counter (OTC) market, addresses the role of public debt in facilitating development of the financial markets, and discusses a potential debt management framework that would support the development of a liquid public debt market.
Keywords:
ISCR; CR; market; market participant; Chile; bond; fixed-income market; short-to-medium-run inflation; review market development; central bank staff; Poverty reduction; Pension spending; Securities markets; Europe; Africa; Australia and New Zealand; Southeast Asia; East Asia
Cover IMF Staff Country Reports
Russian Federation: Selected Issues
International Monetary Fund
This Selected Issues paper examines the potential costs of faster disinflation in Russia, drawing on the experience of European transition countries. The paper analyzes this experience, discusses factors contributing to the persistence of moderate inflation, and quantifies the disinflation costs in these countries. It compares the Russian economy with the sample countries. The paper concludes that a relatively rapid reduction of core inflation from above 10 percent in 2002 to less than 5 percent in 2004 would be beneficial for the Russian economy.
Keywords:
ISCR; CR; Russia; nominal exchange rate; disinflation; monetary policy; Moody's rating; nominal exchange rate pass-through; rating agency; pass-through effect; ratings estimation; goods price inflation; Inflation; Oil prices; Securities markets; Inflation targeting; Africa; Global; Baltics; Eastern Europe; Western Europe
Cover IMF Working Papers
Price Volatility and Financial Instability
Mr. Gene L. Leon
and
Mr. Rupert D Worrell
Statistical measures of the volatility of exchange rates, interest rates, and stock prices are estimated for a number of countries. Periods of high volatility are identified and compared with periods of financial difficulty. The results indicate that GARCH models of volatility could be potentially useful in assessing financial soundness. Daily data are more revealing, but monthly series allow comparisons among many countries. Country specific models may be needed for more reliable inference.
Keywords:
WP; exchange rate; interest rate; volatility; financial instability; GARCH models; interest rate volatility; price instability; interest rate estimate; exchange rate volatility; behavior exchange rates; volatility overlap; Exchange rates; Asset prices; Stock markets; Capital markets; Africa
Cover 1993 World Economic and Financial Surveys
1993 World Economic and Financial Surveys
International Capital Markets: Part II
International Monetary Fund

Abstract

This paper discusses systematic issues in international finance explained in the International Capital Markets report. The paper describes that the nature and extent of recent banking problems in several industrial countries along with the policy responses to those problems. It is observed that balance sheet problems in banking are widespread among the major industrial countries. The paper also analyses recent activity in the European currency unit bond and exchange markets, and reviews developments in the private financing of developing countries and discusses several issues raised by the recent experience, including the broadening of the investor base for developing country securities, the special role played by regional financial centers in East and Southeast Asia, and the systemic implications of the evolving pattern of developing country financing. A key influence on international capital movements in recent years was the rising international diversification of investment portfolios, which is generally believed to have increased in response to the liberalization of exchange and capital controls in many industrial countries in the 1970s and 1980s.

Keywords:
WEFS; Annex II reviews trend; x index; over-the-counter derivative market; U.S. dollar; capital market issue; Stock markets; Stocks; Futures; Loans; Securities; Global; Western Hemisphere; Africa; Asia and Pacific; Middle East; bank assets; ECU securities; Commercial banks; Market risk; Credit risk; Caribbean; East Asia