Volume/Issue: 2015/243
Series: IMF Working Papers
Author(s):
Davide Furceri
, and
Prakash Loungani
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
24
November
2015
ISBN: 9781513531083
This paper examines the distributional impact of capital account liberalization. Using panel data for 149 countries from 1970 to 2010, we find that, on average, capital account liberalization reforms increase inequ...
Volume/Issue: 2008/134
Series: IMF Working Papers
Author(s):
Yoko Oguro
,
Kyoji Fukao
, and
Yougesh Khatri
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
May
2008
ISBN: 9781451869934
This paper theoretically and empirically investigates export sensitivity to exchange rates in the context of intra-industry trade (IIT). It is assumed that more IIT implies a smaller elasticity of substitution amon...
Volume/Issue: 2019/28
Series: IMF Working Papers
Author(s):
Chiara Broccolini
,
Giulia Lotti
,
Alessandro Maffioli
,
Andrea Presbitero
, and
Rodolfo Stucchi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
15
February
2019
ISBN: 9781484393864
We use loan-level data on syndicated lending to a large sample of developing countries between 1993
and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), controlling
for a large se...
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
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...
Volume/Issue: 2005/99
Series: IMF Working Papers
Author(s):
International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
May
2005
ISBN: 9781451861181
This paper describes the result and the methodology of updating nominal and real effective exchange rate weights on the basis of trade data over 1999-2001. The underlying framework is an updated version of the IMF'...
Volume/Issue: 2014/151
Series: IMF Working Papers
Author(s):
Philip Lane
, and
Gian Milesi-Ferretti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
12
August
2014
ISBN: 9781498339216
This paper has two objectives. First, it reviews the recent dynamics of global imbalances (both 'flow' and 'stock' imbalances), with a special focus on the shifting position of Latin America in the global distribut...
Volume/Issue: 2003/51
Series: IMF Working Papers
Author(s):
Shang-Jin Wei
, and
Julan Du
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
March
2003
ISBN: 9781451847130
This paper studies the role of insider trading in explaining cross-country differences in stock market volatility. The central finding is that countries with more prevalent insider trading have more volatile stock...
Volume/Issue: 2014/82
Series: IMF Working Papers
Author(s):
Alexander Culiuc
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
12
May
2014
ISBN: 9781484383032
The paper estimates the impact of macroeconomic supply- and demand-side determinants of tourism, one of the largest components of services exports globally, and the backbone of many smaller economies. It applies th...
Volume/Issue: 2013/272
Series: IMF Working Papers
Author(s):
Steven Phillips
,
Luis Catão
,
Luca Ricci
,
Rudolfs Bems
,
Mitali Das
,
Julian Di Giovanni
,
Filiz Unsal
,
Marola Castillo
,
Jungjin Lee
,
Jair Rodriguez
, and
Mauricio Vargas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
31
December
2013
ISBN: 9781484346686
The External Balance Assessment (EBA) methodology has been developed by the IMF's Research Department as a successor to the CGER methodology for assessing current accounts and exchange rates in a multilaterally con...
Volume/Issue: 2015/243
Series: IMF Working Papers
Author(s):
Davide Furceri
, and
Prakash Loungani
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
24
November
2015
DOI: http://dx.doi.org/10.5089/9781513531083.001
ISBN: 9781513531083
This paper examines the distributional impact of capital account liberalization. Using panel data for 149 countries from 1970 to 2010, we find that, on average, capital account liberalization reforms increase inequ...