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Are Emerging Market Countries Learning to Float?

Are Emerging Market Countries Learning to Float? »

Source: Are Emerging Market Countries Learning to Float?

Volume/Issue: 2005/98

Series: IMF Working Papers

Author(s): Dalia Hakura

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2005

ISBN: 9781451861174

Keywords: Learning to float, monetary and financial policy frameworks, exchange rate, exchange rate regimes, flexible exchange rate, flexible exchange rate regimes, financial liberalization, International Monetary Arrangements and Institutions,

The paper finds that exchange rate flexibility in emerging market countries has increased over the past decade. This "learning to float" appears to have involved a strengthening of monetary and financial policy fra...

Asia’s Stock Markets: Are There Crouching Tigers and Hidden Dragons?

Asia’s Stock Markets: Are There Crouching Tigers and Hidden Dragons? »

Source: Asia's Stock Markets : Are There Crouching Tigers and Hidden Dragons?

Volume/Issue: 2014/37

Series: IMF Working Papers

Author(s): Fabian Lipinsky , and Li Lian Ong

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2014

ISBN: 9781484320143

Keywords: arbitrage pricing theory, Asian financial crisis, fundamentals, global financial crisis, idiosyncratic factors, integration, IOSCO, securities regulation, stock market, stock pricing

Stock markets play a key role in corporate financing in Asia. However, despite their increasing importance in terms of size and cross-border investment activity, the region's markets are reputed to be more 'idiosyn...

Balance Sheet Vulnerabilities of Mauritius During a Decade of Shocks

Balance Sheet Vulnerabilities of Mauritius During a Decade of Shocks »

Source: Balance Sheet Vulnerabilities of Mauritius During a Decade of Shocks

Volume/Issue: 2010/148

Series: IMF Working Papers

Author(s): Patrick Imam , and Rainer Koehler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2010

ISBN: 9781455201310

Keywords: Balance Sheet Analysis, shocks, crisis, domestic currency, central bank, currency mismatch, financial sector, financial derivatives, Financial Economics: General, Public Economics: General,

After reviewing the economic reform strategy of Mauritius for the past 10 years in the face of several external shocks, we apply a balance sheet analysis (BSA) focusing on currency, maturity, and intersectoral mism...

Bhutan - Assessment Letter for the World Bank

Bhutan - Assessment Letter for the World Bank »

Source: Bhutan - Assessment Letter for the World Bank

Volume/Issue: 2010/057

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 July 2010

ISBN: 9781498336888

Keywords: Assessment letters, Banking sector, Budget deficits, Economic growth, Excess liquidity, Liquidity management, Monetary policy, World Bank, Financial crises, Economic stabilization

Bhutan's growth was resilient to the financial crisis and the outlook remains positive. Containing fiscal expansion and enhancing liquidity management are necessary to avoid economic overheating. Strengthening bank...

Capital Account Convertibility and Risk Management in India

Capital Account Convertibility and Risk Management in India »

Source: Capital Account Convertibility and Risk Management in India

Volume/Issue: 2007/251

Series: IMF Working Papers

Author(s): Amadou Sy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2007

ISBN: 9781451868142

Keywords: capital markets, government securities, financial institutions, liberalization,

This paper takes a closer look at the prudential and regulatory measures needed to prepare India's financial system to manage the risks arising from fuller capital account convertibility (FCAC). The paper contribut...

Causes of Asset Shortages in Emerging Markets

Causes of Asset Shortages in Emerging Markets »

Source: Causes of Asset Shortages in Emerging Markets

Volume/Issue: 2011/114

Series: IMF Working Papers

Author(s): Jiaqian Chen , and Patrick Imam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2011

ISBN: 9781455262373

Keywords: Asset Shortage, Emerging Market, Capital Market, Regulation, financial assets, interest rates, capital markets, capital account, pension funds, Money and Interest Rates: General

We first illustrate that emerging markets (EMs) face a shortage of financial assets, with financial assets not growing as rapidly as domestic savings. We then estimate the asset shortage in EMs for 1995-2008. We de...

Comments on “From ‘Hindu Growth’ to Productivity Surge: The Mystery of the Indian Growth Transition”

Comments on “From ‘Hindu Growth’ to Productivity Surge: The Mystery of the Indian Growth Transition” »

Source: IMF Staff Papers, Volume 52, No. 2

Volume: 52

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 August 2005

ISBN: 9781589064485

Keywords: exchange rate, currency crashes, international monetary fund, currency crises, economic research, Bank Profits, Banks And Banking. Accounting, Capital Market, Consumption (economics), Credibility

This paper examines contractionary currency crashes in developing countries. It explores the causes of India's productivity surge around 1980, more than a decade before serious economic reforms were initiated. The...

Controlled Capital Account Liberalization

Controlled Capital Account Liberalization »

Source: Controlled Capital Account Liberalization : A Proposal

Volume/Issue: 2005/7

Series: IMF Policy Discussion Papers

Author(s): Eswar Prasad , and Raghuram Rajan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2005

ISBN: 9781451975741

Keywords: Capital account liberalization, Capital controls, Capital inflows, Reserves, Foreign exchange reserves, International finance, closed-end mutual fund, international portfolio diversification, capital account, capital outflows

In this paper, we develop a proposal for a controlled approach to capital account liberalization for economies experiencing large capital inflows. The proposal essentially involves securitizing a portion of capital...

Discretionary Trading and Asset Price Volatility

Discretionary Trading and Asset Price Volatility »

Source: Discretionary Trading and Asset Price Volatility

Volume/Issue: 1995/104

Series: IMF Working Papers

Author(s): Jahangir Aziz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1995

ISBN: 9781451947922

Keywords: stock market, stock markets, stock prices, future value, risk aversion

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, inclu...

Economic Development with Stability

Economic Development with Stability »

Source: IMF Staff papers : Volume 3 No. 3

Volume: III

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1954

ISBN: 9781451960112

Keywords: prices, investment, inflation, economy, development

This paper presents a study on economic development with stability in India. While the Five-Year Plan occupies the central position as the means through which the Government of India proposes to deal with the basic...