Volume/Issue: 2015/226
Series: IMF Working Papers
Author(s):
Olivier Blanchard
,
Jonathan Ostry
,
Atish Ghosh
, and
Marcos Chamon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
23
October
2015
DOI: http://dx.doi.org/10.5089/9781513500805.001
ISBN: 9781513500805
The workhorse open-economy macro model suggests that capital inflows are contractionary
because they appreciate the currency and reduce net exports. Emerging market policy makers
however believe that inflows lead t...
Volume/Issue: 2011/181
Series: IMF Working Papers
Author(s):
James Walsh
,
Jiangyan Yu
, and
Chanho Park
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
August
2011
DOI: http://dx.doi.org/10.5089/9781462310296.001
ISBN: 9781462310296
Driving infrastructure development, notably mobilizing financial resources for infrastructure projects, has been challenging in many countries. This study includes two parts: an empirical analysis of macroeconomic...
Volume/Issue: 2008/259
Series: IMF Working Papers
Author(s):
Sanjeev Gupta
,
Amine Mati
, and
Emanuele Baldacci
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
November
2008
DOI: http://dx.doi.org/10.5089/9781451871173.001
ISBN: 9781451871173
Using a panel of 30 emerging market economies from 1997 to 2007, this paper investigates the determinants of country risk premiums as measured by sovereign bond spreads. Unlike previous studies, the results indicat...
Volume/Issue: 2003/116
Series: IMF Working Papers
Author(s):
International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
June
2003
DOI: http://dx.doi.org/10.5089/9781451853957.001
ISBN: 9781451853957
This paper proposes an integrated and risk-based approach to the sequencing and coordination of reforms to develop domestic financial markets. The paper argues that there is a hierarchy of financial markets that re...