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Determinants of International Bank Lending from the Developed World to East Asia »
Source: IMF Staff Papers, Volume 57, No. 2
Volume: 57
Series: IMF Staff Papers
Author(s): International Monetary Fund. Research Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 29 June 2010
ISBN: 9781589069121
Keywords: financial liberalization, financial sector, reserve requirements, interest rate controls, financial reforms
This paper introduces a new database of financial reforms covering 91 economies over 1973-2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an ind...

A New Database of Financial Reforms »
Source: IMF Staff Papers, Volume 57, No. 2
Volume: 57
Series: IMF Staff Papers
Author(s): International Monetary Fund. Research Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 29 June 2010
ISBN: 9781589069121
Keywords: financial liberalization, financial sector, reserve requirements, interest rate controls, financial reforms
This paper introduces a new database of financial reforms covering 91 economies over 1973-2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an ind...

External Imbalances in the Euro Area »
Source: External Imbalances in the Euro Area
Volume/Issue: 2012/236
Series: IMF Working Papers
Author(s): Ruo Chen , Gian Milesi-Ferretti , and Thierry Tressel
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 September 2012
ISBN: 9781475524673
Keywords: euro area, external imbalances, financial integration, terms of trade shocks, trading partner, trading partners, trade shocks, commodity exporters, domestic demand, Institutions and the Macroeconomy
The paper examines the extent to which current account imbalances of euro area countries are related to intra-euro area factors and to external trade shocks. We argue that the traditional explanations for the risin...

Policy Analysis and Forecasting in the World Economy »
Source: Policy Analysis and Forecasting in the World Economy : A Panel Unobserved Components Approach
Volume/Issue: 2012/149
Series: IMF Working Papers
Author(s): Francis Vitek
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2012
ISBN: 9781475504187
Keywords: Monetary policy analysis, Fiscal policy analysis, Spillover analysis, World economy, Panel unobserved components model, Bayesian econometrics, inflation, domestic demand, terms of trade, price inflation
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a...

Political Institutions, State Building, and Tax Capacity »
Source: Political Institutions, State Building, and Tax Capacity : Crossing the Tipping Point
Volume/Issue: 2016/233
Series: IMF Working Papers
Author(s): Vitor Gaspar , Laura Jaramillo , and Philippe Wingender
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 02 December 2016
ISBN: 9781475558142
Keywords: Nigeria, Political economy, Income taxes, Taxation, Tax evasion, Sub-Saharan Africa, Tax administration, Spain, Western Hemisphere, China
An empirical finding by Gaspar, Jaramillo and Wingender (2016) shows that once countries cross a tax-to-GDP threshold of around 12¾ percent, real GDP per capita increases sharply and in a sustained manner over the...