Volume/Issue: 2016/18
Series: IMF Working Papers
Author(s):
Rabah Arezki
,
Patrick Bolton
,
Sanjay Peters
,
Frederic Samama
, and
Joseph Stiglitz
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
09
February
2016
DOI: http://dx.doi.org/10.5089/9781475591835.001
ISBN: 9781475591835
This paper investigates the emerging global landscape for public-private co-investments in infrastructure. The creation of the Asian Infrastructure Investment Bank and other so-called “infrastructure investment pla...
Volume/Issue: 2015/274
Series: IMF Working Papers
Author(s):
Diego Anzoategui
,
Mali Chivakul
, and
Wojciech Maliszewski
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
24
December
2015
DOI: http://dx.doi.org/10.5089/9781513565149.001
ISBN: 9781513565149
Widespread implicit guarantees and interest ceilings were major distortions in China's
financial system, contributing to a misallocation of resources. We analyze the impact of
removing such frictions in a general e...
Volume/Issue: 2015/255
Series: IMF Working Papers
Author(s):
Serkan Arslanalp
, and
Yin Liao
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
09
December
2015
DOI: http://dx.doi.org/10.5089/9781513568560.001
ISBN: 9781513568560
In this paper, we develop a methodology to assess potential losses to the government that could arise from bank failures. The approach is intended to be simple, parsimonious, and used in real time. It generates an...
Volume/Issue: 2015/207
Series: IMF Working Papers
Author(s):
Nasha Ananchotikul
, and
Dulani Seneviratne
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
28
September
2015
DOI: http://dx.doi.org/10.5089/9781513516233.001
ISBN: 9781513516233
Given the heavy reliance on bank lending as the main source of financing in most Asian
economies, banks could potentially play a pivotal role in monetary policy transmission.
However, we find that Asia's bank lendi...
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: 2014/157
Series: IMF Working Papers
Author(s):
Matteo Ghilardi
, and
Shanaka Peiris
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
21
August
2014
DOI: http://dx.doi.org/10.5089/9781498365659.001
ISBN: 9781498365659
This paper develops an open-economy DSGE model with an optimizing banking sector to assess the role of capital flows, macro-financial linkages, and macroprudential policies in emerging Asia. The key result is that...
Volume/Issue: 2014/38
Series: IMF Working Papers
Author(s):
Phakawa Jeasakul
,
Cheng Lim
, and
Erik Lundback
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
26
February
2014
DOI: http://dx.doi.org/10.5089/9781475540284.001
ISBN: 9781475540284
Asia proved to be remarkably resilient in the face of the global financial crisis, but why was its output performance stronger than that of other regions? The paper shows that better initial conditions-in the form...
Volume/Issue: 2014/25
Series: IMF Working Papers
Author(s):
Stijn Claessens
, and
Lev Ratnovski
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
11
February
2014
DOI: http://dx.doi.org/10.5089/9781475597349.001
ISBN: 9781475597349
There is much confusion about what shadow banking is. Some equate it with securitization, others with non-traditional bank activities, and yet others with non-bank lending. Regardless, most think of shadow banking...
Volume/Issue: 2013/102
Series: IMF Working Papers
Author(s):
Tümer Kapan
, and
Camelia Minoiu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
May
2013
DOI: http://dx.doi.org/10.5089/9781484315842.001
ISBN: 9781484315842
We examine the role of bank balance sheet strength in the transmission of financial sector shocks to the real economy. Using data from the syndicated loan market, we exploit variation in banks’ reliance on w...
Volume/Issue: 2013/75
Series: IMF Working Papers
Author(s):
Bin Wang
, and
Tao Sun
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
27
March
2013
DOI: http://dx.doi.org/10.5089/9781484355886.001
ISBN: 9781484355886
This paper investigates macroprudential policies and their role in containing systemic risk in China. It shows that China faces systemic risk in both the time (procyclicality) and cross-sectional (contagion) dimens...