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: 2012/236
Series: IMF Working Papers
Author(s):
Ruo Chen
,
Gian Milesi-Ferretti
, and
Thierry Tressel
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
28
September
2012
DOI: http://dx.doi.org/10.5089/9781475524673.001
ISBN: 9781475524673
The paper examines the extent to which current account imbalances of euro area countries are related to intra-euro area factors and to external trade shocks. We argue that the traditional explanations for the risin...
Volume/Issue: 2010/185
Series: IMF Working Papers
Author(s):
Francis Vitek
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
August
2010
DOI: http://dx.doi.org/10.5089/9781455202195.001
ISBN: 9781455202195
This paper analyzes the sources of output and unemployment dynamics in the world economy during the Great Recession. This analysis is based on a panel unobserved components model of the world economy, disaggregated...
Volume/Issue: 2012/149
Series: IMF Working Papers
Author(s):
Francis Vitek
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
June
2012
DOI: http://dx.doi.org/10.5089/9781475504187.001
ISBN: 9781475504187
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a...
Volume/Issue: 2016/233
Series: IMF Working Papers
Author(s):
Vitor Gaspar
,
Laura Jaramillo
, and
Philippe Wingender
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
02
December
2016
DOI: http://dx.doi.org/10.5089/9781475558142.001
ISBN: 9781475558142
An empirical finding by Gaspar, Jaramillo and Wingender (2016) shows that once countries cross a tax-to-GDP threshold of around 12¾ percent, real GDP per capita increases sharply and in a sustained manner over the...
Volume/Issue: 2001/193
Series: IMF Working Papers
Author(s):
Norbert Funke
, and
Nicola Fuchs-Schündeln
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
December
2001
DOI: http://dx.doi.org/10.5089/9781451859812.001
ISBN: 9781451859812
Using a panel of 27 countries, we analyze the effects of stock market liberalization on financial and macroeconomic development. We find that liberalization is associated with a short-term increase in real private...
Volume/Issue: 1996/40
Series: IMF Working Papers
Author(s):
Xavier Sala-i-Martin
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
April
1996
DOI: http://dx.doi.org/10.5089/9781451845921.001
ISBN: 9781451845921
This paper analyses the role of social safety nets in the form of redistributional transfers and wage subsidies. It is argued that public welfare programs can be viewed as a crime-preventing or disruption-preventin...