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Africa’s Rising Exposure to China: How Large Are Spillovers Through Trade?

Africa’s Rising Exposure to China: How Large Are Spillovers Through Trade? »

Source: Africa's Rising Exposure to China : How Large Are Spillovers Through Trade?

Volume/Issue: 2013/250

Series: IMF Working Papers

Author(s): Paulo Drummond , and Estelle Liu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 December 2013

ISBN: 9781484311318

Keywords: spillover, panel data, econometrics, export growth, exporters, oil exporters, total exports, General,

The rapid growth in China's domestic investment in recent decades has generated a large appetite for global goods, including from sub-Saharan Africa (SSA). This paper estimates the impact of changes in China's inve...

Growth Slowdowns and the Middle-Income Trap

Growth Slowdowns and the Middle-Income Trap »

Source: Growth Slowdowns and the Middle-Income Trap

Volume/Issue: 2013/71

Series: IMF Working Papers

Author(s): Shekhar Aiyar , Romain Duval , Damien Puy , Yiqun Wu , and Longmei Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2013

ISBN: 9781484330647

Keywords: growth, slowdown, middle income trap, Bayesian Model Averaging, per capita income, export diversification, gdp per capita, trade openness, growth rates, Bayesian Analysis

The “middle-income trap” is the phenomenon of hitherto rapidly growing economies stagnating at middle-income levels and failing to graduate into the ranks of high-income countries. In this study we ex...

Hong Kong SAR as a Financial Center for Asia

Hong Kong SAR as a Financial Center for Asia »

Source: Hong Kong SAR as a Financial Center for Asia : Trends and Implications

Volume/Issue: 2008/57

Series: IMF Working Papers

Author(s): Olaf Unteroberdoerster , and Cynthia Leung

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2008

ISBN: 9781451869194

Keywords: financial centers, international capital flows, fdi, portfolio investment, international financial, capital flows, international financial center,

We document Hong Kong SAR's evolving role as an international financial center in the Asia region, the importance of the growing special link with China as well as supply-side advantages, and outline the scope for...

Mundell-Fleming Lecture: Exchange Rate Systems, Surveillance, and Advice

Mundell-Fleming Lecture: Exchange Rate Systems, Surveillance, and Advice »

Source: IMF Staff Papers, Volume 55, No. 3

Volume: 55

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2008

ISBN: 9781589067240

Keywords: exchange rate, exchange rate regimes, monetary fund, foreign exchange, inflation

This special issue on exchange rates is drawn from the Eighth Jacques Polak Annual Research Conference held at the International Monetary Fund in Washington in November 2007. The Mundell-Fleming Lecture by Stanley...

People's Republic of China—Hong Kong Special Administrative Region: Selected Issues

People's Republic of China—Hong Kong Special Administrative Region: Selected Issues »

Source: People's Republic of China : Hong Kong Special Administrative Region: Selected Issues

Volume/Issue: 2008/42

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 February 2008

ISBN: 9781451816976

Keywords: interest rates, interest, domestic interest rates, international monetary fund, business cycle

Hong Kong, like other city financial centers, has a high private saving rate. This paper seeks to understand what the principal drivers of saving and investment in financial centers are. Cyclical frequency changes...

Network Effects of International Shocks and Spillovers

Network Effects of International Shocks and Spillovers »

Source: Network Effects of International Shocks and Spillovers

Volume/Issue: 2015/149

Series: IMF Working Papers

Author(s): Alexei Kireyev , and Andrei Leonidov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2015

ISBN: 9781513542928

Keywords: shocks, spillover, network, balance of payments, imports, import, trading partners, Neural Networks and Related Topics, Country and Industry Studies of Trade, Open Economy Macroeconomics

This paper proposes a method for assessing international spillovers from nominal demand shocks. It quantifies the impact of a shock in one country on all other countries. The paper concludes that the network effect...

Preferential Trade Agreements in the Asia-Pacific Region

Preferential Trade Agreements in the Asia-Pacific Region »

Source: Preferential Trade Agreements in the Asia-Pacific Region

Volume/Issue: 2005/149

Series: IMF Working Papers

Author(s): Tubagus Feridhanusetyawan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2005

ISBN: 9781451861686

Keywords: Pacific, FTA, Preferential Trade Agreement, rules of origin, regional trade, trade agreements, free trade, tariff reduction,

Preferential trade agreements (PTAs) in the Asia-Pacific region have proliferated rapidly over the past five years and are creating a complex web of intersecting bilateral and regional trade agreements. This paper...

Remittances, Financial Development, and Growth

Remittances, Financial Development, and Growth »

Source: Remittances, Financial Development, and Growth

Volume/Issue: 2005/234

Series: IMF Working Papers

Author(s): Marta Ruiz-Arranz , and Paola Giuliano

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2005

ISBN: 9781451862539

Keywords: financial development, growth, system GMM, impact of remittances, migration, remittance, statistics, Economic Growth of Open Economies,

There has been little systematic empirical study on the relationship between remittances and growth. This paper attempts to examine this relationship. Using a newly constructed crosscountry of data series for remit...

Asian Financial Integration

Asian Financial Integration »

Source: Asian Financial Integration : Trends and Interruptions

Volume/Issue: 2011/4

Series: IMF Working Papers

Author(s): Eduardo Borensztein , and Prakash Loungani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2011

ISBN: 9781455211821

Keywords: equity premium, gravity model, home bias, risk-sharing, herding, investors, bond, foreign investors, bonds, international investors

The paper compares trends in financial integration within Asia with those in industrialized countries and other regional groups. Declines in cross-country dispersion in equity returns and interest rates suggest inc...

Causes of Asset Shortages in Emerging Markets

Causes of Asset Shortages in Emerging Markets »

Source: Causes of Asset Shortages in Emerging Markets

Volume/Issue: 2011/114

Series: IMF Working Papers

Author(s): Jiaqian Chen , and Patrick Imam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2011

ISBN: 9781455262373

Keywords: Asset Shortage, Emerging Market, Capital Market, Regulation, financial assets, interest rates, capital markets, capital account, pension funds, Money and Interest Rates: General

We first illustrate that emerging markets (EMs) face a shortage of financial assets, with financial assets not growing as rapidly as domestic savings. We then estimate the asset shortage in EMs for 1995-2008. We de...