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strategic planning and analysis
(869 results)-
White Papers
The Outlook For Financing Japan's Public Debt
Jan 2010
Despite the rapid rise in public debt and large fiscal deficits, Japanese Government Bond (JGB) yields have remained fairly stable. Possible factors include: Japan's sizeable pool of household...
Provided by International Monetary Fund
-
White Papers
Responding To Banking Crises: Lessons From Cross-Country Evidence
Jan 2010
A common legacy of banking crises is a large increase in government debt, as fiscal resources are used to shore up the banking system. Do crisis response strategies that commit more fiscal...
Provided by International Monetary Fund
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White Papers
Inflation In Tajikistan: Forecasting Analysis And Monetary Policy Challenges
Jan 2010
This paper attempts to explain short- and long-term dynamics of - and forecast - inflation in Tajikistan using the Vector Error Correction Model (VECM) and Autoregressive Moving Average Model...
Provided by International Monetary Fund
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White Papers
China: Does Government Health And Education Spending Boost Consumption?
Jan 2010
Consumption in China is unusually low and has continued to decline as a share of GDP over the past decade. A key policy question is how to reverse this trend, and rebalance growth away from...
Provided by International Monetary Fund
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White Papers
Canada's Potential Growth: Another Victim Of The Crisis?
Jan 2010
This paper investigates the impact of the current financial crisis on Canada's potential GDP growth. Using a simple accounting framework to decompose trend GDP growth into changes in capital,...
Provided by International Monetary Fund
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White Papers
Exchange Rate Choices Of Microstates
Jan 2010
In this paper the author firsts explain why most microstates (countries with less than 2 million inhabitants) have gained independence only in the last 30 years. Despite the higher costs and risks...
Provided by International Monetary Fund
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White Papers
After The Crisis: Lower Consumption Growth But Narrower Global Imbalances?
Jan 2010
This paper estimates consumption dynamics in the G-7 economies, paying particular attention to the possibility of precautionary behavior in the face of uncertainty. The author finds that in the...
Provided by International Monetary Fund
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White Papers
Correlations In Emerging Market Bonds: The Role Of Local And Global Factors
Jan 2010
This paper examines the co-movement in emerging market bond returns and disentangles the influence of external and domestic factors. The conceptual framework, set in the context of asset...
Provided by International Monetary Fund
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White Papers
Inherited Or Earned? Performance Of Foreign Banks In Central And Eastern Europe
Jan 2010
Using a combination of propensity score matching and difference-in-difference techniques the author investigates the impact of foreign bank ownership on the performance and market power of...
Provided by International Monetary Fund
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White Papers
Investment By Large Firms In Argentina
Jan 2010
Strong growth in investment made a key contribution to the economic recovery in Argentina earlier this decade. This paper uses firm-level data to assess changes in financing constraints and the...
Provided by International Monetary Fund
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White Papers
Public Debt Sustainability And Management In A Compound Option Framework
Jan 2010
This paper introduces the Asset and Liability Management (ALM) compound option model. The model builds on the observation that the public sector net worth in a multi-period setting corresponds to...
Provided by International Monetary Fund
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White Papers
Post-Crisis Bank Behavior: Lessons From Mercosur
Jan 2010
Did the occurrence of systemic banking crises in the 1990s and 2000s significantly alter the behavior of banks in the Mercosur? The objective of this paper is to answer this question by analyzing...
Provided by International Monetary Fund
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White Papers
Lost Decade In Translation: What Japan's Crisis Could Portend About Recovery From The Great Recession
Dec 2009
Is the recovery from the global financial crisis now secured? A strikingly similar crisis that stalled Japan's growth miracle two decades ago could provide some clues. This paper explores the...
Provided by International Monetary Fund
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White Papers
Investment-Specific Productivity Growth: Chile In A Global Perspective
Dec 2009
By the end of 2007, Chile's total factor productivity was lower than ten years earlier, a performance that contrasted sharply with the previous decade, when productivity grew by a cumulative 30...
Provided by International Monetary Fund
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White Papers
Credit Derivatives: Systemic Risks And Policy Options?
Nov 2009
Credit derivative markets are largely unregulated, but calls are increasingly being made for changes to this "Hands off" stance, amidst concerns that they helped to fuel the current financial...
Provided by International Monetary Fund
-
White Papers
Governance And Fund Management In The Chinese Pension System
Nov 2009
Governance of pension fund management is important as it impacts investment performance and critically determines the success of policies aimed at pre-funding pension liabilities. Internationally...
Provided by International Monetary Fund
-
White Papers
What's The Damage? Medium-term Output Dynamics After Banking Crises
Nov 2009
This paper investigates the medium-term behavior of output following banking crises, and its association with pre- and post-crisis conditions and policies. The author finds that output tends to be...
Provided by International Monetary Fund
-
White Papers
A Rule-Based Medium-Term Fiscal Policy Framework For Tanzania
Nov 2009
A zero net domestic financing (NDF) target has served Tanzania well in recent years, contributing to prudent expenditure policy, improved fiscal sustainability, and macroeconomic stability. Moving...
Provided by International Monetary Fund
-
White Papers
Top-Down Budgeting - An Instrument To Strengthen Budget Management
Nov 2009
This paper examines the rationale for a top-down approach to budget preparation and approval, and discusses some factors that have to be considered when reorienting the budget process along these...
Provided by International Monetary Fund
-
White Papers
Valuation Of Unlisted Direct Investment Equity
Nov 2009
This paper analyzes the seven valuation methods for unlisted direct investment equity included in the recently adopted IMF Balance of Payments and International Investment Position Manual, Sixth...
Provided by International Monetary Fund
-
White Papers
The Role Of Financial Variables In Predicting Economic Activity In The Euro Area
Nov 2009
The U.S. business cycle typically leads the European cycle by a few quarters and this can be used to forecast euro area GDP. The author investigates whether financial variables carry additional...
Provided by International Monetary Fund
-
White Papers
Treating Intangible Inputs As Investment Goods: The Impact On Canadian GDP
Nov 2009
This paper constructs a data set to document firms' expenditures on an identifiable list of intangible items and examines the implications of treating intangible spending as an acquisition of...
Provided by International Monetary Fund
-
White Papers
Excessive Lending, Leverage, And Risk-Taking In The Presence Of Bailout Expectations
Oct 2009
The financial crisis that began in 2007 has brought to the fore the issues of excesses in lending, leverage, and risk-taking as some of the fundamental causes of this crisis. At the same time, in...
Provided by International Monetary Fund
-
White Papers
Three Cycles: Housing, Credit, And Real Activity
Oct 2009
This paper examines the characteristics and co-movement of cycles in house prices, credit, real activity and interest rates in advanced economies during the past 25 years, using a dynamic...
Provided by International Monetary Fund
-
White Papers
Global Market Conditions And Systemic Risk
Oct 2009
This paper examines several key global market conditions, such as a proxy for market uncertainty and measures of interbank funding stress, to assess financial volatility and the likelihood of...
Provided by International Monetary Fund
-
White Papers
Analyzing Fiscal Space Using The MAMS Model: An Application To Burkina Faso
Oct 2009
This paper analyses economic implications and the transmission mechanisms of different options for creating and using fiscal space. For creating fiscal space, the author considers prioritizing...
Provided by International Monetary Fund
-
White Papers
Australian Bank And Corporate Sector Vulnerabilities-An International Perspective
Oct 2009
This paper focuses on how the exposure to the corporate sector may impact the health of the Australian banking system. It also compares Australian banks with their international peers. Finally, it...
Provided by International Monetary Fund
-
White Papers
Euro Area Sovereign Risk During The Crisis
Oct 2009
While the use of public resources is critical to cushion the impact of the financial crisis on the euro-area economy, it is key that the entailed fiscal costs not be seen by markets as undermining...
Provided by International Monetary Fund
-
White Papers
External Balance In Low Income Countries
Oct 2009
This paper offers a coherent empirical analysis of the determinants of the real exchange rate, the current account, and the net foreign assets position in low income countries. The paper focuses...
Provided by International Monetary Fund
-
White Papers
The Uncertainty Channel Of Contagion
Oct 2009
The 2007 subprime crisis in the U.S. triggered a succession of financial crises around the globe, reigniting interest in the contagion phenomenon. Not all crises, however, are contagious. This...
Provided by International Monetary Fund
-
White Papers
São Tomé And Príncipe: Domestic Tax System And Tax Revenue Potential
Sep 2009
São Tomé and Príncipe is very open and highly depends on imports resulting in high indirect tax revenue. At the same time, the production and export base are very narrow, leaving the authorities...
Provided by International Monetary Fund
-
White Papers
Cointegrated TFP Processes And International Business Cycles
Sep 2009
A puzzle in international macroeconomics is that observed real exchange rates are highly volatile. Standard international real business cycle (IRBC) models cannot reproduce this fact. The author...
Provided by International Monetary Fund
-
White Papers
International Risk Sharing During The Globalization Era
Sep 2009
Though theory suggests financial globalization should improve international risk sharing, empirical support has been limited. The author develops a simple welfare-based measure that captures how...
Provided by International Monetary Fund
-
White Papers
French Banks Amid The Global Financial Crisis
Sep 2009
This paper runs the gamut of qualitative and quantitative analyses to examine the performance of French banks during 2006-2008 and the financial support measures taken by the French government....
Provided by International Monetary Fund
-
White Papers
The Need For Special Resolution Regimes For Financial Institutions? The Case Of The European Union
Sep 2009
The global financial crisis has demonstrated weaknesses in resolution regimes for financial institutions around the globe, including in the European Union (EU). This paper considers the principles...
Provided by International Monetary Fund
-
White Papers
Search In The Labor Market Under Imperfectly Insurable Income Risk
Sep 2009
This paper develops a general equilibrium model with unemployment and noncooperative wage determination to analyze the importance of incomplete markets when risk-averse agents are subject to...
Provided by International Monetary Fund
-
White Papers
Setting Up A Sovereign Wealth Fund: Some Policy And Operational Considerations
Aug 2009
This paper offers a policy and operational "Roadmap" to policymakers considering setting up an SWF. It should also be of interest to policymakers in countries where SWFs are already in place, to...
Provided by International Monetary Fund
-
White Papers
Towards A Principal-Agent Based Typology Of Risks In Public-Private Partnerships
Aug 2009
There is a strong economic rationale for close cooperation between the public and private sectors. This has resulted in a significant increase in the demand for the provision of public services...
Provided by International Monetary Fund
-
White Papers
Is China's Export-Oriented Growth Sustainable?
Aug 2009
This paper assesses the sustainability of China's export-oriented growth over the medium to longer term. It shows that maintaining the current export-oriented growth would require significant...
Provided by International Monetary Fund
-
Webcasts
Larry Wall From The Atlanta Fed. Discusses Craig Pirrong's Paper
Jan 2010
Larry Wall is a financial economist and policy adviser in the research department of the Federal Reserve Bank of Atlanta. Prior to joining the Fed., he taught at Emory University and the Georgia...
Provided by University of Notre Dame (Mendoza)
-
White Papers
7 Tips For Choosing A Business Broker
Aug 2010
For serial entrepreneur Jane Angelich, deciding to sell the San Francisco uniform store she had owned for 13 years was easy. Finding an attentive business broker to help with the transaction...
Provided by American Express
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Webcasts
Business Answers: Managing Debt & Buying Vs. Leasing
Jun 2010
Ray Leach, serial entrepreneur and CEO of JumpStart, and Divya Gugnani, former venture capitalist and CEO of the website Behind the Burner, answer viewer questions about managing debt, and buying...
Provided by American Express
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Webcasts
Top Five: Cutting Costs
Jun 2010
If you're trying to figure out ways to help your bottom line, cutting costs is always an option. This webcast explains five boot-strapping strategies.
Provided by American Express
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White Papers
Get Motivated To Improve Your Financial Health
Jan 2010
A recent survey found that nearly three-quarters of Americans say financial concerns are their number one stress point. That's understandable given the current economic climate, but at the same...
Provided by Bank of America
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White Papers
Handling A Cash Flow Crunch: Tips For Surviving A Financial Shortfall
Jan 2010
It can happen to the best of us. A sudden emergency or a bad alignment of due dates and wham! A pile up of bills and not enough money to pay them. This paper help you how to manage cash flow and...
Provided by Bank of America
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White Papers
6 Ways To Cut Transportation Costs: Tips To Save On Fuel, Insurance, Maintenance And Ownership
Jan 2010
Transportation can be one of our biggest expenses. In 2008, the average household spent $8,604 on transportation, or 13.5% of income. The only thing we spend more on is housing - even food takes...
Provided by Bank of America
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White Papers
Making Changes To Help Avoid Overdrawing Your Accounts
Jan 2010
Customers are looking for more control in managing their daily finances and Bank of America is responding with solutions to help meet their needs. There are newly issued Federal requirements...
Provided by Bank of America
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White Papers
What Are Your Top Financial Concerns?: Take Action On Seven Money Worries
Jan 2010
According to a recent Gallup poll, most of us are facing a range of financial challenges, from trying to earn enough money to live comfortably, to the cost of health care. The best way to confront...
Provided by Bank of America
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White Papers
Managing Your Income During Retirement: Retirement Finance Tips To Make Your Savings Last
Jan 2010
No matter how much you love your job, retirement holds the wonderful promise of freedom from your current work schedule. You can fill those former workdays with everything from a hobby to charity...
Provided by Bank of America
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White Papers
How To Approach Savings As A Couple: Get Sensitive Money Matters Out In The Open
Feb 2009
What would you rather do - get a tooth filled or talk with your partner about money? For many people, a trip to the dentist might win out. There's a good reason people want to avoid the subject....
Provided by Bank of America
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White Papers
What Is Savings Allocation: Reduce Your Financial Risks By Varying Your Investments
Jan 2010
Worried about the news of people losing hard-earned money in sinking investments? One smart way to reduce your financial risk is to diversify your savings. There are plenty of ways to build your...
Provided by Bank of America
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White Papers
The Benefits Of A Savings Account: A Safe And Reliable Way To Grow Your Money
Jan 2010
One of the most useful benefits of a savings account is that your money is out of your checking account, where you may risk spending it on non-essentials, but still easily accessible in case you...
Provided by Bank of America
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White Papers
Maximize Your Savings In 2010: How To Create A Savings Plan For The New Year
Jan 2010
Eat less. Exercise regularly. Why not add "Save more" to your list of New Year's Resolutions? Follow our step-by-step guide to create your 2010 personal savings plan. For one month, record...
Provided by Bank of America
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White Papers
Fast-Track Retirement Savings After You Return To Work: How To Reach Your Retirement Goals In Less time
Jan 2010
If you've recently re-entered the work force you have a second job that needs your serious attention: Getting your retirement plan back on track. You may not have been able to keep up with your...
Provided by Bank of America
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White Papers
Get Started On Saving For Retirement: 5 Steps To Start Your Retirement Plan
Jan 2010
If you are just starting out your work life, retirement may seem too far off to be a concern. But the decisions you make now will determine how comfortable you are decades down the road. The good...
Provided by Bank of America
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White Papers
How Much Do You Need For Retirement?: Find Your Personal Retirement Number
Jan 2010
What do you want to do when you retire? Many people hope to travel, spend more time with their families or enjoy their favorite activities, or just relax with no work or money worries. Help your...
Provided by Bank of America
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White Papers
Save Money By De-Cluttering Your Home: How Cleaning Up Can Help Your Finances
Jan 2010
De-cluttering your home can make it more inviting, reduce your stress and help you avoid health problems aggravated by mold or dirt. But did you know that it could lower your costs and even earn...
Provided by Bank of America
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White Papers
Keeping Your Debt Load Manageable: How Understanding Your Debt-To-Income Ratio Can Help
Jan 2010
Keeping your debt at a manageable level is one of the foundations of good financial health. But how can you tell when your debt is starting to get out of control? You don't want to wait until you...
Provided by Bank of America
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White Papers
How To Get Information About Borrowing Money
Jan 2010
The ways you can borrow money are almost as diverse as the ways you can spend it. If you are thinking about borrowing money, make sure you know all your lending options. No matter your reason for...
Provided by Bank of America
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White Papers
Introduction To Estate Planning: Get Started On Putting Your Affairs In Order
Jan 2010
As you get older, you'll likely start thinking about putting your affairs in order. This will help avoid family conflict, allow you to name who will make health and financial decisions on your...
Provided by Bank of America
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White Papers
Living On One Income: 6 Strategies: How To Make Ends Meet With One Paycheck
Jan 2010
There's no better tool for managing your money than a budget. Looking over your monthly statements from Online Bill Pay1 is a great way to get a handle on where your money is going. Also keep a...
Provided by Bank of America
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White Papers
Create Your Own Savings Plan: Our Savings Plan Spreadsheet Helps You Reach Your Goals
Jan 2010
Being able to pay for the things you want in life without taking on too much debt is one of the best benefits of careful financial planning. And it's not just a perk of having a large income....
Provided by Bank of America
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White Papers
Living On A Budget - The Envelope System
Jan 2010
Being on a budget takes discipline but it doesn't mean you have to give up the things you love. In fact, it can help you stretch your money further, giving you peace of mind in a tough economy....
Provided by Bank of America
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White Papers
10 Ways To Save Money
Jan 2010
These days, flashy living is out, and careful spending is in. Many people are discovering that, once they get used to living within their means, they're less stressed out by the economy. Take...
Provided by Bank of America
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Whitepapers
Where Finance Belongs on the IT Agenda
Nov 2010
Learn how IT and Finance can work together to succeed in the post-recession economy.
Provided by IBM
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White Papers
Risk Management: The Current Financial Crisis, Lessons Learned And Future Implications
Dec 2008
The current financial crisis presents a case study of a "Financial tsunami" (as former Federal Reserve Chairman Alan Greenspan recently called it) on what can go wrong. Its ramifications are...
Provided by LRP Publications
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White Papers
Customer Profitability Vs. Customer Satisfaction: Keep Guessing Or Model Your Pricing Strategies
Jan 2010
Most Financial Institutions do not have a clear understanding of what or who drives their profitability. They make assumptions or guesswork, and most of the time, try and fix their profitability...
Provided by SunTec Business Solutions
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White Papers
Flight-From-Leverage In Distressed Financial Markets
Aug 2008
Financial crises are often accompanied by a flight-from-leverage as levered investors realize that they are overextended in a distressed market and try to reduce their funding risk. The author...
Provided by University of California, Los Angeles (Anderson)
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Webcasts
Biz Quiz: Lawrence Gelburd And Phil Town
Jan 2010
Lawrence Gelburd, an instructor at the Wharton School of Business, and Phil Town, investment advisor and author of "Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a...
Provided by American Express
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White Papers
Are Securities Class-Action Suits Anticipated By Investors?
Jul 2008
Securities class-action lawsuits have become more highly contentious as of late. Plaintiff's attorneys claim they keep Wall Street accountable. Business executives complain that suits are lining...
Provided by Southern Methodist University
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White Papers
Short Selling Shows Alpha In Mutual Funds
Apr 2009
Hedge funds have historically used short selling as a trading strategy, while mutual funds have generally not permitted the practice. But, mutual funds are increasingly allowing their managers to...
Provided by Southern Methodist University
-
White Papers
When Cash Isn't King: The Case Of Unionized Firms
May 2009
When is cash not king? Holding excess cash reserves can be less desirable when a firm has a more unionized workforce. The author finds that firms in more unionized industries strategically hold...
Provided by Southern Methodist University
-
White Papers
Parsing The Financial Crisis: First Evidence Of A Lost Decade
Feb 2010
Many financial experts classify this recent financial crisis as the most severe since the Great Depression. The authors analyze the trading difficulties for institutional investors, market...
Provided by Southern Methodist University
-
White Papers
Traders, Brokers, And Money: The Past Is Your Present And Future
Apr 2010
With Wall Street bonuses under the spotlight, new evidence on the performance of Wall Street traders offers more nuance. Trillions of dollars in stocks are traded month after month in financial...
Provided by Southern Methodist University
-
White Papers
Can Debt Relief Buy Growth?
Dec 2008
This paper investigates whether the numerous debt relief initiatives during the 1990s have had a significant effect on economic growth rates in developing countries. The major initiatives during...
Provided by Fordham University
-
White Papers
Dollarization As An Investment Signal In Developing Countries
Sep 2008
In dollarized financial systems, there exists a currency mismatch risk that could lead to financial crises. Central Banks in such economies have to adjust their foreign currency policies...
Provided by Fordham University
-
White Papers
Heteroskedasticity And Autocorrelation Efficient (HAE) Estimation And Pivots For Jointly Evolving Series
Sep 2008
A new two-way map between time domain and numerical magnitudes or values domain (v-dom) provides a new solution to heteroscedasticity. Since sorted logs of squared fitted residuals are monotonic...
Provided by Fordham University
-
White Papers
Consumer Debt Is 130% Of Income: Avoiding Budget Constraint Orthodoxy
Aug 2008
Consumer theory maximizes utility subject to a budget constraint, ignoring that the ratio of consumer debt to disposable income has varied between 30% and 130%. Granger-causality tests also...
Provided by Fordham University
-
White Papers
Wealth And The Capitalist Spirit
May 2008
The wealth distribution in the U.S. is more unequal than either the income or earnings distribution, a fact current models of saving behavior have difficulty explaining. Using MaxWeber's (1905)...
Provided by Fordham University
-
White Papers
The Credit Default Swap Market's Reaction To Earnings Announcements
Mar 2008
This paper examines the efficiency of the CDS market by conducting a comparative event study in which both the CDS and the stock markets" responses to earnings announcements are considered. The...
Provided by Fordham University
-
White Papers
Credit Derivatives: Systemic Risks And Policy Options?
Nov 2009
Credit derivative markets are largely unregulated, but calls are increasingly being made for changes to this "Hands off" stance, amidst concerns that they helped to fuel the current financial...
Provided by International Monetary Fund
-
White Papers
Governance And Fund Management In The Chinese Pension System
Nov 2009
Governance of pension fund management is important as it impacts investment performance and critically determines the success of policies aimed at pre-funding pension liabilities. Internationally...
Provided by International Monetary Fund
-
White Papers
What's The Damage? Medium-term Output Dynamics After Banking Crises
Nov 2009
This paper investigates the medium-term behavior of output following banking crises, and its association with pre- and post-crisis conditions and policies. The author finds that output tends to be...
Provided by International Monetary Fund
-
White Papers
A Rule-Based Medium-Term Fiscal Policy Framework For Tanzania
Nov 2009
A zero net domestic financing (NDF) target has served Tanzania well in recent years, contributing to prudent expenditure policy, improved fiscal sustainability, and macroeconomic stability. Moving...
Provided by International Monetary Fund
-
White Papers
Top-Down Budgeting - An Instrument To Strengthen Budget Management
Nov 2009
This paper examines the rationale for a top-down approach to budget preparation and approval, and discusses some factors that have to be considered when reorienting the budget process along these...
Provided by International Monetary Fund
-
White Papers
Valuation Of Unlisted Direct Investment Equity
Nov 2009
This paper analyzes the seven valuation methods for unlisted direct investment equity included in the recently adopted IMF Balance of Payments and International Investment Position Manual, Sixth...
Provided by International Monetary Fund
-
White Papers
The Role Of Financial Variables In Predicting Economic Activity In The Euro Area
Nov 2009
The U.S. business cycle typically leads the European cycle by a few quarters and this can be used to forecast euro area GDP. The author investigates whether financial variables carry additional...
Provided by International Monetary Fund
-
White Papers
Treating Intangible Inputs As Investment Goods: The Impact On Canadian GDP
Nov 2009
This paper constructs a data set to document firms' expenditures on an identifiable list of intangible items and examines the implications of treating intangible spending as an acquisition of...
Provided by International Monetary Fund
-
White Papers
Excessive Lending, Leverage, And Risk-Taking In The Presence Of Bailout Expectations
Oct 2009
The financial crisis that began in 2007 has brought to the fore the issues of excesses in lending, leverage, and risk-taking as some of the fundamental causes of this crisis. At the same time, in...
Provided by International Monetary Fund
-
White Papers
Three Cycles: Housing, Credit, And Real Activity
Oct 2009
This paper examines the characteristics and co-movement of cycles in house prices, credit, real activity and interest rates in advanced economies during the past 25 years, using a dynamic...
Provided by International Monetary Fund
-
White Papers
Global Market Conditions And Systemic Risk
Oct 2009
This paper examines several key global market conditions, such as a proxy for market uncertainty and measures of interbank funding stress, to assess financial volatility and the likelihood of...
Provided by International Monetary Fund
-
White Papers
Analyzing Fiscal Space Using The MAMS Model: An Application To Burkina Faso
Oct 2009
This paper analyses economic implications and the transmission mechanisms of different options for creating and using fiscal space. For creating fiscal space, the author considers prioritizing...
Provided by International Monetary Fund
-
White Papers
Australian Bank And Corporate Sector Vulnerabilities-An International Perspective
Oct 2009
This paper focuses on how the exposure to the corporate sector may impact the health of the Australian banking system. It also compares Australian banks with their international peers. Finally, it...
Provided by International Monetary Fund
-
White Papers
Euro Area Sovereign Risk During The Crisis
Oct 2009
While the use of public resources is critical to cushion the impact of the financial crisis on the euro-area economy, it is key that the entailed fiscal costs not be seen by markets as undermining...
Provided by International Monetary Fund
-
White Papers
External Balance In Low Income Countries
Oct 2009
This paper offers a coherent empirical analysis of the determinants of the real exchange rate, the current account, and the net foreign assets position in low income countries. The paper focuses...
Provided by International Monetary Fund
-
White Papers
The Uncertainty Channel Of Contagion
Oct 2009
The 2007 subprime crisis in the U.S. triggered a succession of financial crises around the globe, reigniting interest in the contagion phenomenon. Not all crises, however, are contagious. This...
Provided by International Monetary Fund
-
White Papers
São Tomé And Príncipe: Domestic Tax System And Tax Revenue Potential
Sep 2009
São Tomé and Príncipe is very open and highly depends on imports resulting in high indirect tax revenue. At the same time, the production and export base are very narrow, leaving the authorities...
Provided by International Monetary Fund
-
White Papers
Cointegrated TFP Processes And International Business Cycles
Sep 2009
A puzzle in international macroeconomics is that observed real exchange rates are highly volatile. Standard international real business cycle (IRBC) models cannot reproduce this fact. The author...
Provided by International Monetary Fund
-
White Papers
International Risk Sharing During The Globalization Era
Sep 2009
Though theory suggests financial globalization should improve international risk sharing, empirical support has been limited. The author develops a simple welfare-based measure that captures how...
Provided by International Monetary Fund
-
White Papers
French Banks Amid The Global Financial Crisis
Sep 2009
This paper runs the gamut of qualitative and quantitative analyses to examine the performance of French banks during 2006-2008 and the financial support measures taken by the French government....
Provided by International Monetary Fund
-
White Papers
The Need For Special Resolution Regimes For Financial Institutions? The Case Of The European Union
Sep 2009
The global financial crisis has demonstrated weaknesses in resolution regimes for financial institutions around the globe, including in the European Union (EU). This paper considers the principles...
Provided by International Monetary Fund
-
White Papers
Search In The Labor Market Under Imperfectly Insurable Income Risk
Sep 2009
This paper develops a general equilibrium model with unemployment and noncooperative wage determination to analyze the importance of incomplete markets when risk-averse agents are subject to...
Provided by International Monetary Fund
-
White Papers
Setting Up A Sovereign Wealth Fund: Some Policy And Operational Considerations
Aug 2009
This paper offers a policy and operational "Roadmap" to policymakers considering setting up an SWF. It should also be of interest to policymakers in countries where SWFs are already in place, to...
Provided by International Monetary Fund
-
White Papers
Towards A Principal-Agent Based Typology Of Risks In Public-Private Partnerships
Aug 2009
There is a strong economic rationale for close cooperation between the public and private sectors. This has resulted in a significant increase in the demand for the provision of public services...
Provided by International Monetary Fund
-
White Papers
Is China's Export-Oriented Growth Sustainable?
Aug 2009
This paper assesses the sustainability of China's export-oriented growth over the medium to longer term. It shows that maintaining the current export-oriented growth would require significant...
Provided by International Monetary Fund
-
Webcasts
Larry Wall From The Atlanta Fed. Discusses Craig Pirrong's Paper
Jan 2010
Larry Wall is a financial economist and policy adviser in the research department of the Federal Reserve Bank of Atlanta. Prior to joining the Fed., he taught at Emory University and the Georgia...
Provided by University of Notre Dame (Mendoza)
-
White Papers
Spillovers Of The U.S. Subprime Financial Turmoil To Mainland China And Hong Kong SAR: Evidence From Stock Markets
Aug 2009
This paper focuses on evidence from stock markets as it investigates the spillovers from the United States to mainland China and Hong Kong SAR during the subprime crisis. Using both univariate and...
Provided by International Monetary Fund
-
White Papers
The Quality Of Public Investment
Jul 2009
This paper develops a growth model with specialized goods where inefficient and corrupt bureaucracies interact with the provision of public investment services in affecting the productivity of...
Provided by International Monetary Fund
-
White Papers
Do Workers' Remittances Promote Economic Growth?
Jul 2009
Over the past decades, workers' remittances have grown to become one of the largest sources of financial flows to developing countries, often dwarfing other widely-studied sources such as private...
Provided by International Monetary Fund
-
White Papers
Why Are Canadian Banks More Resilient?
Jul 2009
This paper explores factors behind Canadian banks' relative resilience in the credit turmoil. The author identifies two main causes: a higher share of depository funding (vs. wholesale funding) in...
Provided by International Monetary Fund
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How The Financial Crisis Affects Pensions And Insurance And Why The Impacts Matter
Jul 2009
This paper discusses the key sources of vulnerabilities for pension plans and insurance companies in light of the global financial crisis of 2008. It also discusses how these institutional...
Provided by International Monetary Fund
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The Effects Of The Financial Crisis On Public-Private Partnerships
Jul 2009
This paper investigates the impact of the global financial crisis on public-private partnerships (PPPs) and the circumstances under which providing support to new and existing projects is...
Provided by International Monetary Fund
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Bank Competition, Risk And Asset Allocations
Jul 2009
This paper studies a banking model in which banks invest in a riskless asset and compete in both deposit and risky loan markets. The model predicts that as competition increases, both loans and...
Provided by International Monetary Fund
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White Papers
Where Does The Public Sector End And The Private Sector Begin?
Jun 2009
The boundary between the public and private sectors can be defined on the basis of ownership of institutional units. Nonmarket government-owned entities and corporations that are owned or...
Provided by International Monetary Fund
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The Federal Reserve System Balance Sheet-What Happened And Why It Matters
May 2009
The recent expansion of the balance sheet of the consolidated Federal Reserve Banks (FRB) is analyzed in an historical context. The analysis reveals that the nature of Fed involvement in U.S....
Provided by International Monetary Fund
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Why Are Japanese Wages So Sluggish?
May 2009
Over the past decade, productivity-adjusted wages have grown at a slower pace in Japan than in other rich countries. This paper suggests that Japan's dualities between regular and "Nonregular"...
Provided by International Monetary Fund
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Ponzi Schemes In The Caribbean
Apr 2009
In several Caribbean states, unregulated investment schemes grew quickly in recent years by claiming unusually high monthly returns and through a system of referrals by existing members. These are...
Provided by International Monetary Fund
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White Papers
The Crisis: Basic Mechanisms And Appropriate Policies
Apr 2009
Conditional on no housing price decline, most subprime mortgages appeared relatively riskless: The value of the mortgage might be high relative to the price of the house, but it would slowly...
Provided by International Monetary Fund
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White Papers
The Missing Link Between Financial Constraints And Productivity
Apr 2009
The global financial crisis has reopened the debate on the potential spillover effects from the financial sector to the real economy. This paper adds to that debate by providing new evidence on...
Provided by International Monetary Fund
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Accounting For Output Drops In Latin America
Apr 2009
This paper evaluates what type of models can account for the recent episodes of output drops in Latin America. The author develops an open economy version of the business cycle accounting...
Provided by International Monetary Fund
