Browse

You are looking at 1 - 4 of 4 items :

  • Type: Books and Journals x
Clear All Modify Search
Finanzas y Desarrollo, diciembre de 2008

Finanzas y Desarrollo, diciembre de 2008 »

Volume/Issue: 45/4

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 March 2009

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781451957020.022

ISBN: 9781451957020

'Grietas en el sistema: La economía mundial en apuros' examina el panorama institucional y de política económica, que cambia rápidamente en medio de una crisis financiera que ahora amenaza con degenerar en una prof...

A Framework for Developing Secondary Markets for Government Securities

A Framework for Developing Secondary Markets for Government Securities »

Volume/Issue: 2008/174

Series: IMF Working Papers

Author(s): Zsófia Árvai , and Geoffrey Heenan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2008

DOI: http://dx.doi.org/10.5089/9781451870329.001

ISBN: 9781451870329

Keywords: market development, central bank, securities market, government securities market,

This paper consolidates previous work on the development of secondary markets for government securities, and focuses on the sequencing of measures necessary for their development. Six main lessons are identified: (...

How Should Subnational Government Borrowing Be Regulated? Some Cross-Country Empirical Evidence

How Should Subnational Government Borrowing Be Regulated? Some Cross-Country Empirical Evidence »

Volume/Issue: 2005/54

Series: IMF Working Papers

Author(s): Alexander Plekhanov , and Raju Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

DOI: http://dx.doi.org/10.5089/9781451860733.001

ISBN: 9781451860733

Keywords: Fiscal federalism, local government, budget deficit, fiscal discipline, subnational governments, fiscal imbalances, vertical fiscal imbalances, fiscal balances, fiscal balance, State and Local Borrowing,

Countries have adopted various institutional responses to subnational government borrowing. Using a sample of 44 countries 1982-2000, this paper provides a panel data analysis to determine the most effective borrow...

IMF Conditionality and Country Ownership of Programs

IMF Conditionality and Country Ownership of Programs »

Volume/Issue: 2001/142

Series: IMF Working Papers

Author(s): Mohsin Khan , and Sunil Sharma

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2001

DOI: http://dx.doi.org/10.5089/9781451856255.001

ISBN: 9781451856255

Keywords: IMF-supported programs, ownership, principal-agent, moral-hazard, structural conditionality, moral hazard, capital markets, international capital markets, Asymmetric and Private Information, International Lending and Debt Problems

The paper uses finance and agency theory to establish two main propositions: First, that the conditionality attached to adjustment programs supported by the IMF is justified. Second, that ownership of programs by t...