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Bank Asset Quality in Emerging Markets »
Source: Bank Asset Quality in Emerging Markets : Determinants and Spillovers
Volume/Issue: 2012/71
Series: IMF Working Papers
Author(s): Reinout De Bock , and Alexander Demyanets
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2012
ISBN: 9781475502237
Keywords: Macro-financial linkages, Nonperforming loans, Exchange rate, Panel regressions, capital inflows, net capital flows, exchange rates, Bank Asset Quality in Emerging Markets, Financial Markets and the Macroeconomy, International Finance: General
This paper assesses the vulnerability of emerging markets and their banks to aggregate shocks. We find significant links between banks' asset quality, credit and macroeconomic aggregates. Lower economic growth, an...

Building Sound Finance in Emerging Market Economies : Proceedings of a Conference held in Washington, D.C., June 10-11, 1993 »
Series: Books
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 June 1994
DOI: http://dx.doi.org/10.5089/9781557753809.071
ISBN: 9781557753809
Keywords: credit, banking, payments, payment system, banking system
The 12 papers in this book, edited by Gerard Caprio, David Folkerts-Landau, and Timothy D. Lane, explore issues in building a financial structure suitable for economies in transition. They cover for main topics: th...

Front Matter »
Source: Building Sound Finance in Emerging Market Economies : Proceedings of a Conference held in Washington, D.C., June 10-11, 1993
Series: Books
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 June 1994
ISBN: 9781557753809
Keywords: credit, banking, payments, payment system, banking system
The 12 papers in this book, edited by Gerard Caprio, David Folkerts-Landau, and Timothy D. Lane, explore issues in building a financial structure suitable for economies in transition. They cover for main topics: th...

Chapter 13 China: Prolonged Reforms and the Weakening of Fiscal Control »
Source: Transition to Market : Studies in Fiscal Reform
Series: Books
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 June 1993
ISBN: 9781557752758
Keywords: privatization, tax administration, tax system, taxation, tax reform
Starting in 1979, China has carried out wide-ranging economic reforms with the specific aim of accelerating the rate of output growth by increasing productivity and improving the al...

12 China’s Collective and Private Enterprises: Growth and Its Financing »
Source: Building Sound Finance in Emerging Market Economies : Proceedings of a Conference held in Washington, D.C., June 10-11, 1993
Series: Books
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 June 1994
ISBN: 9781557753809
Keywords: credit, banking, payments, payment system, banking system
Overview China’s experience with economic growth since the start of reforms in 1979 can be divided into two periods. During the first, which extended through 1984, growth was driven...

Coincident Indicators of Capital Flows1 »
Source: Coincident Indicators of Capital Flows
Volume/Issue: 2012/55
Series: IMF Working Papers
Author(s): Malika Pant , and Yanliang Miao
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2012
ISBN: 9781463937737
Keywords: Coincident Indicators, Capital Tracker, net capital flows, net capital, capital inflows, International Finance Forecasting and Simulation,
Capital flows data from Balance of Payments statistics often lag 3-6 months, which renders timely surveillance and policy deliberation difficult. To address the tension, we propose two coincident composite indicato...

Consensus Forecasts and Inefficient Information Aggregation »
Source: Consensus Forecasts and Inefficient Information Aggregation
Volume/Issue: 2010/178
Series: IMF Working Papers
Author(s): Christopher Crowe
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2010
ISBN: 9781455201891
Keywords: Consensus Forecasts, Information Aggregation, Forecast Efficiency, efficiency, forecast horizons, forecast errors, forecast horizon, forecast error, Forecasting and Other Model Applications, General Aggregative Models: Forecasting and Simulation,
Consensus forecasts are inefficient, over-weighting older information already in the public domain at the expense of new private information, when individual forecasters have different information sets. Using a cro...

The Cost of Aggressive Sovereign Debt Policies »
Source: The Cost of Aggressive Sovereign Debt Policies : How Much is theprivate Sector Affected?
Volume/Issue: 2009/29
Series: IMF Working Papers
Author(s): Christoph Trebesch
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2009
ISBN: 9781451871760
Keywords: Sovereign Default, Reputation Spillovers, debt policies, debt crisis, external borrowing,
This paper proposes a new empirical measure of cooperative versus conflictual crisis resolution following sovereign default and debt distress. The index of government coerciveness is presented as a proxy for excusa...

11 Credit Market Imperfections and Output Response in Previously Centrally Planned Economies »
Source: Building Sound Finance in Emerging Market Economies : Proceedings of a Conference held in Washington, D.C., June 10-11, 1993
Series: Books
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 June 1994
ISBN: 9781557753809
Keywords: credit, banking, payments, payment system, banking system
Introduction The reform programs launched in Central and Eastern Europe and in the former Soviet Union have been accompanied by a sharp, and partly unexpected, fall in output (Chart...

3 Dealing with Bad Debts: The Case of Poland »
Source: Building Sound Finance in Emerging Market Economies : Proceedings of a Conference held in Washington, D.C., June 10-11, 1993
Series: Books
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 June 1994
ISBN: 9781557753809
Keywords: credit, banking, payments, payment system, banking system
We would like to present to you the principles of the bank restructuring program designed at Poland’s Ministry of Finance. We will concentrate on the distinctive characteristics of...