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Bank Asset Quality in Emerging Markets

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...

Capital Flows, Financial Integration, and International Reserve Holdings

Capital Flows, Financial Integration, and International Reserve Holdings »

Source: Capital Flows, Financial Integration, and International Reserve Holdings : The Recent Experience of Emerging Markets and Advanced Economies

Volume/Issue: 2007/151

Series: IMF Working Papers

Author(s): Sunil Sharma , Woon Choi , and Maria Strömqvist

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

ISBN: 9781451867152

Keywords: sovereign liquidity, stockpiling motive, panel data, net capital flows, net capital, capital markets,

This paper examines the interaction between capital flows and international reserve holdings in the context of increasing financial integration. For emerging markets the sensitivity of reserves to net capital flows...

Coincident Indicators of Capital Flows1

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...

The International Monetary System: Where Are We and Where Do We Need to Go?

The International Monetary System: Where Are We and Where Do We Need to Go? »

Source: The International Monetary System : Where Are We and Where Do We Need to Go?

Volume/Issue: 2013/224

Series: IMF Working Papers

Author(s): Rakesh Mohan , Michael Patra , and Muneesh Kapur

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 November 2013

ISBN: 9781475514148

Keywords: currency internationalization, capital inflows, capital account liberalization, net capital, net capital flows, International Monetary Arrangements and Institutions, International Policy Coordination and Transmission, International Institutional Arrangements,

The North Atlantic financial crisis of 2008-2009 has spurred renewed interest in reforming the international monetary system, which has been malfunctioning in many aspects. Large and volatile capital flows have pro...

Rising Income Inequality

Rising Income Inequality »

Source: Rising Income Inequality : Technology, or Trade and Financial Globalization?

Volume/Issue: 2008/185

Series: IMF Working Papers

Author(s): Chris Papageorgiou , Subir Lall , and Florence Jaumotte

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2008

ISBN: 9781451870435

Keywords: mechanisms, trade globalization, financial globalization, technological progress, FDI., tariff rate, trade liberalization, FDI,

We examine the relationship between trade and financial globalization and the rise in inequality in most countries in recent decades. We find technological progress as having a greater impact than globalization on...

Trade Integration and Business Cycle Synchronization: A Reappraisal with Focus on Asia

Trade Integration and Business Cycle Synchronization: A Reappraisal with Focus on Asia »

Source: Trade Integration and Business Cycle Synchronization : A Reappraisal with Focus on Asia

Volume/Issue: 2014/52

Series: IMF Working Papers

Author(s): Romain Duval , Kevin Cheng , Kum Hwa Oh , Richa Saraf , and Dulani Seneviratne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2014

ISBN: 9781475522464

Keywords: Value Added, Business Cycle Synchronization, Asia, trade intensity, trade integration, industry trade, trade data, impact of trade, International Policy Coordination and Transmission, Asia.,

This paper reexamines the relationship between trade integration and business cycle synchronization (BCS) using new value-added trade data for 63 advanced and emerging economies during 1995-2012. In a panel framewo...

Financial Globalization

Financial Globalization »

Source: Financial Globalization : A Reappraisal

Volume/Issue: 2006/189

Series: IMF Working Papers

Author(s): Ayhan Kose , Eswar Prasad , Kenneth Rogoff , and Shang-Jin Wei

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2006

ISBN: 9781451864496

Keywords: Growth and Volatility, Financial Crises, capital flows, financial globalization, International Economic Order, Financial Aspects of Economic Integration, Macroeconomic Aspects Of International Trade And Finance,

The literature on the benefits and costs of financial globalization for developing countries has exploded in recent years, but along many disparate channels and with a variety of apparently conflicting results. For...

Changing Nature of North-South Linkages

Changing Nature of North-South Linkages »

Source: Changing Nature of North-South Linkages : Stylized Facts and Explanations

Volume/Issue: 2007/280

Series: IMF Working Papers

Author(s): Cigdem Akin , and Ayhan Kose

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2007

ISBN: 9781451868432

Keywords: growth linkages, north, south, decoupling, divergence, convergence, globalization period, trade intensity, industry trade, trade flows,

This paper examines the changing nature of growth spillovers between developed economies, the North, and developing countries, the South, driven by the process of globalization?the phenomenon of rising internationa...

Financial Integration and Rebalancing in Asia

Financial Integration and Rebalancing in Asia »

Source: Financial Integration and Rebalancing in Asia

Volume/Issue: 2011/243

Series: IMF Working Papers

Author(s): Olaf Unteroberdoerster , and Runchana Pongsaparn

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2011

ISBN: 9781463922641

Keywords: Financial Development, Rebalancing, portfolio investment, fdi, direct investment, portfolio investment assets, Macroeconomics: Consumption, Saving, Production, Employment and Investment: Other

The paper shows that Asia's degree of financial integration, both with the world and within the region remains low by various measures. The paper also provides empirical evidence that greater financial integration...

The Elusive Gains from International Financial Integration

The Elusive Gains from International Financial Integration »

Source: The Elusive Gains from International Financial Integration

Volume/Issue: 2004/74

Series: IMF Working Papers

Author(s): Pierre-Olivier Gourinchas , and Olivier Jeanne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2004

ISBN: 9781451849622

Keywords: international financial integration, growth, capital scarcity, neoclassical model, financial integration, international financial, capital inflows, Economic Growth of Open Economies,

Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We show in a cali...