Finance policy
- Asia: a perspective on the subprime crisis
- K.H. Ee;K.R. Xiong / International Monetary Fund , 2008
- The subprime crisis comes a decade after the Asian financial crisis of 1997. Although Asia is less affected this time round, the underlying causes of the two events are nevertheless similar. In thi...
- Update on the financing of the fund’s concessional assistance and debt relief to low-income member countries
- M.G. Kuhn / International Monetary Fund , 2008
- This paper provides a semi-annual review of the status of financing for the Poverty Reduction Growth Facility-European Social Fund (PRGF-ESF) lending, Heavily Indebted Poor Countries (HIPC) and Multi-...
- Capital flows and economic fluctuations: the role of commercial banks in transmitting shocks
- Y.S. Zhou / International Monetary Fund , 2008
- To understand the transmission mechanisms of financial crises, this paper examines how commercial banks have intermediated and amplified capital flow shocks during the 1997 financial crisis in Asia. U...
- Local currency debt markets in the West African Economic and Monetary Union
- A.N.R. Sy / International Monetary Fund , 2007
- Local currency-denominated government securities play a key role in the implementation of fiscal and monetary policy in developing countries. This paper analyses trends and developments in the rapi...
- Stock market development in Sub-Saharan Africa: critical issues and challenges
- C.A. Yartey;C.K. Adjasi / International Monetary Fund , 2007
- Stock markets can promote growth by enhancing the operations of domestic financial systems. Yet if they do not perform efficiently, stock market development can be detrimental to developing country...
- The effect of external conditions on growth in Latin America
- P. Österholm;J. Zettelmeyer / International Monetary Fund , 2007
- This paper expolores the sensitivity of Latin American GDP growth to external developments using data from 1994 to 2006 on key external and Latin American variables. The paper finds that Latin Amer...
- Do south-south trade agreements increase trade? Commodity-level evidence from COMESA
- A.M. Mayda; C. Steinberg / International Monetary Fund , 2007
- Preferential trade agreements between low-income countries are proliferating: 70 new ‘South-South’ agreements were signed between 1990 and 2003. Yet the impact of these agreements is largely unknown. ...
- On the welfare benefits of an international currency
- K. Prakash / International Monetary Fund , 2007
- This paper presents a novel model-based approach in assessing the welfare benefits associated with the international use of a country's currency. It looks at equilibria in an open-economy framework wh...
- Intellectual property rights and international R&D competition
- S. Scandizzo / International Monetary Fund , 2001
- Uses a model of repeated patent races to examine the incentives for intellectual property protection, and the effects of such protection both locally and on a country's trading partners. A partial equ...
- The international lender of last resort: how large is large enough?
- O. Jeanne; C. Wyplosz / International Monetary Fund , 2001
- This paper considers how a lender of last resort (LOLR) can prevent self-fulfilling banking and currency crisis in emerging economies. The article compares two different arrangements: one in which the...
