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Credit Booms-Is China Different?1

Credit Booms-Is China Different?1 »

Source: Credit Booms-Is China Different?

Volume/Issue: 2018/2

Series: IMF Working Papers

Author(s): Sally Chen , and Joong Shik Kang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 January 2018

ISBN: 9781484336762

Keywords: Financial crises, Financial cycles, Banking crises, Asia and Pacific, credit gap, debt overhang, sustainable growth, General

Strong Chinese output growth after the Global Financial Crisis was supported by booming credit. This credit boom carries risks. International experience suggests that China's credit growth is on a dangerous traject...

International Reserve Trends in the South Caucasus and Central Asia Region

International Reserve Trends in the South Caucasus and Central Asia Region »

Source: International Reserve Trends in the South Caucasus and Central Asia Region

Volume/Issue: 2008/41

Series: IMF Working Papers

Author(s): Holger Floerkemeier , and Mariusz Sumlinski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2008

ISBN: 9781451869033

Keywords: Balance of Payments Crises, reserve holdings, capital markets, international capital markets, risk aversion, international capital,

In recent years, the South Caucasus and Central Asia countries (CCA-6) have received significant foreign exchange inflows. While a healthy reserve buffer is desirable to selfinsure against external crises, holding...

Insurance Value of International Reserves

Insurance Value of International Reserves »

Source: Insurance Value of International Reserves : An Option Pricing Approach

Volume/Issue: 2004/175

Series: IMF Working Papers

Author(s): Jaewoo Lee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2004

ISBN: 9781451858785

Keywords: option, underlying asset, international reserves, reserve holding, external debt, currency crises, reserve holdings, Open Economy Macroeconomics,

A quantitative framework is developed to bring forward the insurance motive of holding international reserves. The insurance value of reserves is quantified as the market price of an equivalent option that provides...

Spatial Spillovers in Emerging Market Spreads

Spatial Spillovers in Emerging Market Spreads »

Source: Spatial Spillovers in Emerging Market Spreads

Volume/Issue: 2011/221

Series: IMF Working Papers

Author(s): Salvatore Dell'Erba , Emanuele Baldacci , and Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2011

ISBN: 9781463904234

Keywords: sovereign spreads, emerging market, spatial econometrics, external debt, bond, currency crises, sovereign bond, total external debt, International Finance: General,

We use novel spatial econometrics techniques to explore spillovers in the sovereign bond market for 24 emerging economies during 1995-2010. The paper extends the previous literature focusing on spillover effects fr...

Credit Booms-Is China Different?

Credit Booms-Is China Different? »

Volume/Issue: 2018/2

Series: IMF Working Papers

Author(s): Sally Chen , and Joong Shik Kang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 January 2018

DOI: http://dx.doi.org/10.5089/9781484336762.001

ISBN: 9781484336762

Keywords: Financial crises, Financial cycles, Banking crises, Asia and Pacific, credit gap, debt overhang, sustainable growth, General

Strong Chinese output growth after the Global Financial Crisis was supported by booming credit. This credit boom carries risks. International experience suggests that China's credit growth is on a dangerous traject...

International Reserve Trends in the South Caucasus and Central Asia Region

International Reserve Trends in the South Caucasus and Central Asia Region »

Volume/Issue: 2008/41

Series: IMF Working Papers

Author(s): Holger Floerkemeier , and Mariusz Sumlinski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2008

DOI: http://dx.doi.org/10.5089/9781451869033.001

ISBN: 9781451869033

Keywords: Balance of Payments Crises, reserve holdings, capital markets, international capital markets, risk aversion, international capital,

In recent years, the South Caucasus and Central Asia countries (CCA-6) have received significant foreign exchange inflows. While a healthy reserve buffer is desirable to selfinsure against external crises, holding...

Insurance Value of International Reserves
			: An Option Pricing Approach

Insurance Value of International Reserves : An Option Pricing Approach »

Volume/Issue: 2004/175

Series: IMF Working Papers

Author(s): Jaewoo Lee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2004

DOI: http://dx.doi.org/10.5089/9781451858785.001

ISBN: 9781451858785

Keywords: option, underlying asset, international reserves, reserve holding, external debt, currency crises, reserve holdings, Open Economy Macroeconomics,

A quantitative framework is developed to bring forward the insurance motive of holding international reserves. The insurance value of reserves is quantified as the market price of an equivalent option that provides...

Spatial Spillovers in Emerging Market Spreads

Spatial Spillovers in Emerging Market Spreads »

Volume/Issue: 2011/221

Series: IMF Working Papers

Author(s): Salvatore Dell'Erba , Emanuele Baldacci , and Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2011

DOI: http://dx.doi.org/10.5089/9781463904234.001

ISBN: 9781463904234

Keywords: sovereign spreads, emerging market, spatial econometrics, external debt, bond, currency crises, sovereign bond, total external debt, International Finance: General,

We use novel spatial econometrics techniques to explore spillovers in the sovereign bond market for 24 emerging economies during 1995-2010. The paper extends the previous literature focusing on spillover effects fr...