Volume/Issue: 2016/14
Series: IMF Working Papers
Author(s):
Elva Bova
,
Marta Ruiz-Arranz
,
Frederik Toscani
, and
H. Elif Ture
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
February
2016
DOI: http://dx.doi.org/10.5089/9781498303606.001
ISBN: 9781498303606
We construct the first comprehensive dataset of contingent liability realizations in advanced and emerging markets for the period 1990–2014. We find that contingent liability realizations are a major source of fisc...
Volume/Issue: 2015/256
Series: IMF Working Papers
Author(s):
Swarnali Ahmed
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
09
December
2015
DOI: http://dx.doi.org/10.5089/9781498367196.001
ISBN: 9781498367196
After more than six years of ultra-low interest rates, a Fed liftoff (rate hike) is just a matter of time. This paper goes back to history to understand the spillover effect - or what is termed in the paper as the...
Volume/Issue: 2015/228
Series: IMF Working Papers
Author(s):
Christian Ebeke
, and
Armand Fouejieu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
28
October
2015
DOI: http://dx.doi.org/10.5089/9781513586267.001
ISBN: 9781513586267
This paper investigates the effects of the adoption of inflation targeting (IT) on the choice of exchange rate regime in emerging markets (EMs), conditional on certain macroeconomic conditions. Using a large sample...
Volume/Issue: 2015/204
Series: IMF Working Papers
Author(s):
Kevin Cheng
,
Sidra Rehman
,
Dulani Seneviratne
, and
Shiny Zhang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
28
September
2015
DOI: http://dx.doi.org/10.5089/9781513516738.001
ISBN: 9781513516738
Against the backdrop of the rise of global value chains (GVCs), particularly in Asia, this
paper documents key developments of GVCs and investigates what factors cause
economies to reap greater benefits from GVC pa...
Volume/Issue: 2015/77
Series: IMF Working Papers
Author(s):
Nicolas Magud
, and
Sebastian Sosa
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
03
April
2015
DOI: http://dx.doi.org/10.5089/9781475534221.001
ISBN: 9781475534221
We document that (i) although private investment growth in emerging markets has decelerated in recent years, it came down from cyclical highs and remains close to pre-crisis trends; and (ii) investment-to-output ra...
Volume/Issue: 2015/48
Series: IMF Working Papers
Author(s):
Rui Mano
, and
Marola Castillo
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
27
February
2015
DOI: http://dx.doi.org/10.5089/9781484392140.001
ISBN: 9781484392140
This paper explains in detail the construction of series for productivity in the traded and nontraded sectors for a panel of 56 countries spanning 1989-2012. The level of productivity in each sector is defined as r...
Volume/Issue: 2014/171
Series: IMF Working Papers
Author(s):
Guodong Chen
, and
Yi Wu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
15
September
2014
DOI: http://dx.doi.org/10.5089/9781484390993.001
ISBN: 9781484390993
This paper examines bank credit growth in emerging markets before, during, and after the 2008-09 financial crisis using bank-level data, focusing on the role of bank ownership. Credit growth by foreign banks lagged...
Volume/Issue: 2014/151
Series: IMF Working Papers
Author(s):
Philip Lane
, and
Gian Milesi-Ferretti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
12
August
2014
DOI: http://dx.doi.org/10.5089/9781498339216.001
ISBN: 9781498339216
This paper has two objectives. First, it reviews the recent dynamics of global imbalances (both 'flow' and 'stock' imbalances), with a special focus on the shifting position of Latin America in the global distribut...
Volume/Issue: 2012/300
Series: IMF Working Papers
Author(s):
Abdul Abiad
,
John Bluedorn
,
Jaime Guajardo
, and
Petia Topalova
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
December
2012
DOI: http://dx.doi.org/10.5089/9781475584851.001
ISBN: 9781475584851
Economic performance in many emerging market and developing economies (EMDEs) improved substantially over the past twenty years. The past decade was particularly good-for the first time EMDEs spent more time in exp...
Volume/Issue: 2012/218
Series: IMF Working Papers
Author(s):
Davide Furceri
,
Ernesto Crivelli
, and
Joël Toujas-Bernate
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
August
2012
DOI: http://dx.doi.org/10.5089/9781475505689.001
ISBN: 9781475505689
The aim of this paper is to provide new estimates of employment-output elasticities and assess the effect of structural and macroeocnomic policies on the employment-intensity of growth. Using an unbalanced panel of...