1.

Record Nr.

UNINA9910464250903321

Autore

Abiad Abdul

Titolo

A new database of financial reforms / / Abdul Abiad, Enrica Detragiache, and Thierry Tressel

Pubbl/distr/stampa

[Washington, District of Columbia] : , : International Monetary Fund, , 2008

©2008

ISBN

1-4623-3863-1

1-4527-0871-1

1-282-84217-X

1-4518-7124-4

9786612842177

Descrizione fisica

1 online resource (30 p.)

Collana

IMF working paper ; ; WP/08/266

Altri autori (Persone)

DetragiacheEnrica

TresselThierry

Disciplina

339.52

Soggetti

Fiscal policy

Finance

Monetary policy

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; II. Construction of the Database; III. Comparison to Other Databases; IV. Descriptive Statistics; V. Conclusions; References; Appendix I. Coding Rules; Appendix II. Information Sources; Tables; 1. Country Coverage of the Financial Reform Database; 2. Summary Statistics for Financial Liberalization Components and Index; 3. Correlations Among Financial Liberalization Components: Levels and Changes; 4. Distribution of Financial Sector Policy Change, Full Sample and by Country Groups; 5. Degree of Financial Liberalization by Components, Average 2005; Figures

1. Financial Liberalization Index by Country Groups, 1973-20052. Distribution of Financial Sector Policy Changes Over Time, 1973-2005

Sommario/riassunto

Large inflows from the European Union to the New Member States are likely to significantlyimpact macroeconomic outcomes. In this paper,



we use the IMF's Global Integrated Monetaryand Fiscal model (GIMF) to analyze the impact of the transfers and show the conditionsunder which they would help speed up convergence. We find that the EU funds need to bedirected predominantly to investment rather than to income support and that to bestaccompany the EU fund inflows, the policy-mix would need to combine counter-cyclicalpolicy with a strong commitment to the existing monetary regime.