Financial Integration in Asia : : Estimating the Risk-Sharing Gains for Australia and Other Nations / / Benoît Mercereau |
Autore | Mercereau Benoît |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2006 |
Descrizione fisica | 1 online resource (22 p.) |
Collana | IMF Working Papers |
Soggetto topico |
Finance - Asia
Monetary policy - Asia Exports and Imports Finance: General Investments: Stocks Macroeconomics General Financial Markets: General (includes Measurement and Data) International Investment Long-term Capital Movements Pension Funds Non-bank Financial Institutions Financial Instruments Institutional Investors Macroeconomics: Consumption Saving Wealth Current Account Adjustment Short-term Capital Movements Finance International economics Investment & securities Financial integration Foreign assets Stocks Consumption Capital account International finance Investments, Foreign Economics Balance of payments |
ISBN |
1-4623-1649-2
1-4527-9553-3 1-283-51849-X 1-4519-0980-2 9786613830944 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | ""Contents""; ""I. INTRODUCTION""; ""II. FINANCIAL INTEGRATION REDUCES RISK""; ""III. ESTIMATION METHODOLOGY AND DATA""; ""IV. RESULTS""; ""V. CONCLUSION""; ""Appendix. Data Sources and Construction""; ""References"" |
Record Nr. | UNINA-9910788697403321 |
Mercereau Benoît
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Washington, D.C. : , : International Monetary Fund, , 2006 | ||
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Lo trovi qui: Univ. Federico II | ||
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Financial Integration in Asia : : Estimating the Risk-Sharing Gains for Australia and Other Nations / / Benoît Mercereau |
Autore | Mercereau Benoît |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2006 |
Descrizione fisica | 1 online resource (22 p.) |
Collana | IMF Working Papers |
Soggetto topico |
Finance - Asia
Monetary policy - Asia Exports and Imports Finance: General Investments: Stocks Macroeconomics General Financial Markets: General (includes Measurement and Data) International Investment Long-term Capital Movements Pension Funds Non-bank Financial Institutions Financial Instruments Institutional Investors Macroeconomics: Consumption Saving Wealth Current Account Adjustment Short-term Capital Movements Finance International economics Investment & securities Financial integration Foreign assets Stocks Consumption Capital account International finance Investments, Foreign Economics Balance of payments |
ISBN |
1-4623-1649-2
1-4527-9553-3 1-283-51849-X 1-4519-0980-2 9786613830944 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | ""Contents""; ""I. INTRODUCTION""; ""II. FINANCIAL INTEGRATION REDUCES RISK""; ""III. ESTIMATION METHODOLOGY AND DATA""; ""IV. RESULTS""; ""V. CONCLUSION""; ""Appendix. Data Sources and Construction""; ""References"" |
Record Nr. | UNINA-9910821805503321 |
Mercereau Benoît
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Washington, D.C. : , : International Monetary Fund, , 2006 | ||
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Lo trovi qui: Univ. Federico II | ||
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Georgia : : First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2005 |
Descrizione fisica | 1 online resource (63 pages) |
Collana | IMF Staff Country Reports |
Soggetto topico |
Business & Economics
Economic History Exports and Imports Money and Monetary Policy Public Finance Taxation Social Services and Welfare Taxation, Subsidies, and Revenue: General Monetary Policy, Central Banking, and the Supply of Money and Credit: General National Government Expenditures and Related Policies: General Monetary Systems Standards Regimes Government and the Monetary System Payment Systems Trade: General International Investment Long-term Capital Movements Public finance & taxation Monetary economics International economics Social welfare & social services Corporate crime white-collar crime Revenue administration Monetary base Public financial management (PFM) Currencies Imports Money International trade Foreign assets External position Revenue Money supply Finance, Public Investments, Foreign |
ISBN |
1-4623-2016-3
1-4527-9790-0 1-280-88719-2 9786613728500 1-4518-8042-1 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Record Nr. | UNINA-9910788536103321 |
Washington, D.C. : , : International Monetary Fund, , 2005 | ||
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Lo trovi qui: Univ. Federico II | ||
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Georgia : : First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2005 |
Descrizione fisica | 1 online resource (63 pages) |
Collana | IMF Staff Country Reports |
Soggetto topico |
Business & Economics
Economic History Exports and Imports Money and Monetary Policy Public Finance Taxation Social Services and Welfare Taxation, Subsidies, and Revenue: General Monetary Policy, Central Banking, and the Supply of Money and Credit: General National Government Expenditures and Related Policies: General Monetary Systems Standards Regimes Government and the Monetary System Payment Systems Trade: General International Investment Long-term Capital Movements Public finance & taxation Monetary economics International economics Social welfare & social services Corporate crime white-collar crime Revenue administration Monetary base Public financial management (PFM) Currencies Imports Money International trade Foreign assets External position Revenue Money supply Finance, Public Investments, Foreign |
ISBN |
1-4623-2016-3
1-4527-9790-0 1-280-88719-2 9786613728500 1-4518-8042-1 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | Intro -- Contents -- EXECUTIVE SUMMARY -- I. RECENT ECONOMIC DEVELOPMENTS AND PERFORMANCE UNDER THE PROGRAM -- II. POLICY DISCUSSIONS AND PROGRAM THROUGH JUNE 2005 -- III. STAFF APPRAISAL -- APPENDIX I -- APPENDIX II -- APPENDIX III -- ATTACHMENT I -- ATTACHMENT II -- ATTACHMENT III -- ATTACHMENT IV -- Statement by the IMF Staff Representative December 20, 2004 -- IMF Executive Board Completes First Review Under Georgia's PRGF Arrangement and Approves US21.5 Million Disbursement -- Statement by Jeroen J. M. Kremers, Executive Director for Georgia and Nikoloz Gigineishvili, Advisor to Executive Director December 20, 2004. |
Record Nr. | UNINA-9910820346903321 |
Washington, D.C. : , : International Monetary Fund, , 2005 | ||
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Lo trovi qui: Univ. Federico II | ||
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International Capital Flows and Debt Dynamics / / Martin Evans |
Autore | Evans Martin |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
Descrizione fisica | 1 online resource (60 p.) |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Capital movements
Debt Exports and Imports Foreign Exchange Current Account Adjustment Short-term Capital Movements International Lending and Debt Problems International Investment Long-term Capital Movements Empirical Studies of Trade International economics Foreign assets External position Capital flows Foreign liabilities Trade balance Balance of payments International trade Investments, Foreign International finance Balance of trade |
ISBN |
1-4755-2480-3
1-4755-6613-1 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover; Contents; 1 Introduction; 2 International Assets, Liabilities, Returns and Trade Flows; 2.1 The Balance of Payments and Consolidated Budget Constraint; 2.2 Trade Flows, Asset Pricing and Portfolio Choice; List of Figures; 1 Alternative Measures of the U.S. External Position; 3 A Model of Capital Flow Dynamics; 3.1 Approximating the Consolidated Budget Constraint; 3.2 Net Positions and Capital Flows; 3.3 Gross Positions and Capital Flows; 3.4 Equilibrium Positions and Capital Flows; 4 Data and Estimation; 4.1 Data; 4.2 Adjusting Trade Flows
2 Trends In U.S. Foreign Assets, Liabilities and Real Trade Flows 4.3 Sample Statistics; 3 Approximation Accuracy; List of Tables; 1 Summary Statistics; 2 Returns and Portfolio Shares; 4.4 Estimation; 4 Changes in the Composition of Asset and Liability Portfolios; 3 Granger Causality Tests; 5 Results; 5.1 Net Position Dynamics; 5 Historical Behavior of the U.S. Net External Position and its Components; 4 Variance Decompositions of xp[sub(t)]; 5.2 Gross Position Dynamics; 6 Historical Behavior of U.S. Gross Foreign Asset and Liability Positions and their Components 5 Variance Decompositions for δ[sup(FA)][sub(t)] and δ[sup(PL)][sub(t)] 5.3 Net Capital Flows; 7 Variance Contributions of Trade and Returns to U.S. Net Capital Flows; 8 Variance Contributions of Net Capital Flows; 5.4 Gross Capital Flows; 9 Historical Behavior of U.S. Gross Foreign Asset and Liability Positions and their Components; 10 Variance Contributions to Gross Capital Flows; 11 Variance Contributions of Gross Capital Flows; 6 U.S. Returns and The Exorbitant Privilege; 6.1 Portfolio Composition; 6 Portfolio Returns and Their Components 12 Composition Effects and the size of the Valuation Channel 6.2 The Role of the Dollar; 7 Returns and the Dollar Depreciation Rates; 13 The U.S. Net External Position and the Role of the Dollar; 7 Conclusion |
Record Nr. | UNINA-9910786484903321 |
Evans Martin
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Washington, D.C. : , : International Monetary Fund, , 2012 | ||
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Lo trovi qui: Univ. Federico II | ||
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International Capital Flows and Debt Dynamics / / Martin Evans |
Autore | Evans Martin |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
Descrizione fisica | 1 online resource (60 p.) |
Disciplina | 332.042 |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Capital movements
Debt Exports and Imports Foreign Exchange Current Account Adjustment Short-term Capital Movements International Lending and Debt Problems International Investment Long-term Capital Movements Empirical Studies of Trade International economics Foreign assets External position Capital flows Foreign liabilities Trade balance Balance of payments International trade Investments, Foreign International finance Balance of trade |
ISBN |
1-4755-2480-3
1-4755-6613-1 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover; Contents; 1 Introduction; 2 International Assets, Liabilities, Returns and Trade Flows; 2.1 The Balance of Payments and Consolidated Budget Constraint; 2.2 Trade Flows, Asset Pricing and Portfolio Choice; List of Figures; 1 Alternative Measures of the U.S. External Position; 3 A Model of Capital Flow Dynamics; 3.1 Approximating the Consolidated Budget Constraint; 3.2 Net Positions and Capital Flows; 3.3 Gross Positions and Capital Flows; 3.4 Equilibrium Positions and Capital Flows; 4 Data and Estimation; 4.1 Data; 4.2 Adjusting Trade Flows
2 Trends In U.S. Foreign Assets, Liabilities and Real Trade Flows 4.3 Sample Statistics; 3 Approximation Accuracy; List of Tables; 1 Summary Statistics; 2 Returns and Portfolio Shares; 4.4 Estimation; 4 Changes in the Composition of Asset and Liability Portfolios; 3 Granger Causality Tests; 5 Results; 5.1 Net Position Dynamics; 5 Historical Behavior of the U.S. Net External Position and its Components; 4 Variance Decompositions of xp[sub(t)]; 5.2 Gross Position Dynamics; 6 Historical Behavior of U.S. Gross Foreign Asset and Liability Positions and their Components 5 Variance Decompositions for δ[sup(FA)][sub(t)] and δ[sup(PL)][sub(t)] 5.3 Net Capital Flows; 7 Variance Contributions of Trade and Returns to U.S. Net Capital Flows; 8 Variance Contributions of Net Capital Flows; 5.4 Gross Capital Flows; 9 Historical Behavior of U.S. Gross Foreign Asset and Liability Positions and their Components; 10 Variance Contributions to Gross Capital Flows; 11 Variance Contributions of Gross Capital Flows; 6 U.S. Returns and The Exorbitant Privilege; 6.1 Portfolio Composition; 6 Portfolio Returns and Their Components 12 Composition Effects and the size of the Valuation Channel 6.2 The Role of the Dollar; 7 Returns and the Dollar Depreciation Rates; 13 The U.S. Net External Position and the Role of the Dollar; 7 Conclusion |
Record Nr. | UNINA-9910825412303321 |
Evans Martin
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Washington, D.C. : , : International Monetary Fund, , 2012 | ||
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Lo trovi qui: Univ. Federico II | ||
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Macro-Hedging for Commodity Exporters / / Eduardo Borensztein, Damiano Sandri, Olivier Jeanne |
Autore | Borensztein Eduardo |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 29 p. : ill |
Altri autori (Persone) |
SandriDamiano
JeanneOlivier |
Collana | IMF Working Papers |
Soggetto topico |
Hedging (Finance) - Econometric models
Futures - Econometric models Commodity futures - Econometric models Banks and Banking Investments: Commodities Exports and Imports Macroeconomics Financing Policy Financial Risk and Risk Management Capital and Ownership Structure Value of Firms Goodwill International Investment Long-term Capital Movements Aggregate Factor Income Distribution Macroeconomics: Consumption Saving Wealth Commodity Markets Financial services law & regulation International economics Investment & securities Hedging Foreign assets Income Consumption Commodities Financial risk management Investments, Foreign Economics Commercial products |
ISBN |
1-4623-1439-2
9786612844300 1-4518-7376-X 1-282-84430-X 1-4527-1070-8 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Record Nr. | UNINA-9910788224503321 |
Borensztein Eduardo
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Washington, D.C. : , : International Monetary Fund, , 2009 | ||
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Lo trovi qui: Univ. Federico II | ||
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Macro-Hedging for Commodity Exporters / / Eduardo Borensztein, Damiano Sandri, Olivier Jeanne |
Autore | Borensztein Eduardo |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 29 p. : ill |
Disciplina | 332.64;332.645 |
Altri autori (Persone) |
SandriDamiano
JeanneOlivier |
Collana | IMF Working Papers |
Soggetto topico |
Hedging (Finance) - Econometric models
Futures - Econometric models Commodity futures - Econometric models Banks and Banking Investments: Commodities Exports and Imports Macroeconomics Financing Policy Financial Risk and Risk Management Capital and Ownership Structure Value of Firms Goodwill International Investment Long-term Capital Movements Aggregate Factor Income Distribution Macroeconomics: Consumption Saving Wealth Commodity Markets Financial services law & regulation International economics Investment & securities Hedging Foreign assets Income Consumption Commodities Financial risk management Investments, Foreign Economics Commercial products |
ISBN |
1-4623-1439-2
9786612844300 1-4518-7376-X 1-282-84430-X 1-4527-1070-8 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | Intro -- Contents -- I. Introduction -- II. Stylized facts -- III. The model -- A. No hedging -- B. Futures -- IV. The welfare gains from hedging -- A. Calibration -- B. Benchmark results -- C. Sensitivity analysis -- D. Welfare gains by commodity -- V. Extensions -- A. Options -- B. Default -- VI. Conclusion -- References -- Appendices -- I. Commodity price data -- II. Model with hedging -- III. Notes on numerical simulations -- IV. Maximum likelihood estimation -- Tables -- 1. Countries with 2002-2007 average of commodity net export share of non-commodity-GDP above 10 percent -- 2. Standard deviation of the detrended log of commodity exports and non-commodity GDP -- 3. Benchmark calibration -- 4. Calibration by commodity -- 5. Welfare gains from futures by commodity -- 6. Commodity price data from International Finance Statistics ... -- Figures -- 1. Average open interest and risk premium (NYMEX July 03 - May 09) -- 2. Welfare gains from consumption smoothing only -- 3. Full welfare gains -- 4. Consumption functions and target net foreign asset position -- 5. Dynamics of net foreign assets and consumption following the introduction of hedging -- 6. Welfare gains as a function of discount factor and growth rate -- 7. Welfare gains as a function of the shock persistency -- 8. Welfare gains as a function of the shock variance -- 9. Net foreign assets and welfare gains with options and futures contracts -- 10. Borrowing capacity, equilibrium net foreign assets and welfare gains with defaultable debt. |
Record Nr. | UNINA-9910826147303321 |
Borensztein Eduardo
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Washington, D.C. : , : International Monetary Fund, , 2009 | ||
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Lo trovi qui: Univ. Federico II | ||
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Riding Global Financial Waves : : The Economic Impact of Global Financial Shocks on Emerging Market Economies / / Gustavo Adler, Camilo Tovar Mora |
Autore | Adler Gustavo |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
Descrizione fisica | 1 online resource (27 p.) |
Altri autori (Persone) | Tovar MoraCamilo |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Financial risk
Financial crises Exports and Imports Finance: General Foreign Exchange Financial Markets and the Macroeconomy Financial Aspects of Economic Integration International Business Cycles Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation General Financial Markets: General (includes Measurement and Data) International Investment Long-term Capital Movements International Lending and Debt Problems Finance Currency Foreign exchange International economics Financial integration Exchange rate flexibility Emerging and frontier financial markets Foreign assets External debt Financial markets External position International finance Financial services industry Investments, Foreign Debts, External |
ISBN |
1-4755-7006-6
1-4755-7400-2 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover; Contents; I. Introduction; II. Recurrent Episodes of Global Financial Stress; Figures; 1. Global Financial Shocks, 1990-2011; Tables; 1. Global Financial Shocks, 1990-2011; 2. Key Variables during Episodes of Global Financial Shocks, 1990-2011; III. Financial Integration and Economic Fundamentals: Acting in Opposing Directions?; 3. Financial Openness, 1990-2011; 4. EMEs and SAEs Financial Openness, 2010; IV. The Impact of Global Financial shocks; A. Sample, Data, and Econometric Approach; 5. Macroeconomic Fundamentals, 1990-2010
6. Key Macroeconomic Fundamentals in EMEs and SAEs, 2010 versus 20007. Output Performance during Global Financial Shocks, 1990-2011; 8. Output Performance during Global Financial Shocks, 1990-2011; 9. Output Performance and Fundamentals during Global Financial Shocks, 1990-2011; B. Cross-Sectional Results; 2. Main Results of Cross-Section Estimation; 10. Macro Fundamentals and the Impact of Global Shocks; V. Assessing Vulnerabilities: Simulation Analysis; 11. Impact of Global Shock; VI. Conclusions; References; Annex 1; Annex 2 Annex 1. Key Global Variables during Global Financial Shocks, 1990-2011Annex 3; Annex 2. Exchange Rate Pressures during Global Financial Shocks |
Record Nr. | UNINA-9910786486203321 |
Adler Gustavo
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Washington, D.C. : , : International Monetary Fund, , 2012 | ||
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Lo trovi qui: Univ. Federico II | ||
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Riding Global Financial Waves : : The Economic Impact of Global Financial Shocks on Emerging Market Economies / / Gustavo Adler, Camilo Tovar Mora |
Autore | Adler Gustavo |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
Descrizione fisica | 1 online resource (27 p.) |
Disciplina | 330.9378 |
Altri autori (Persone) | Tovar MoraCamilo |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Financial risk
Financial crises Exports and Imports Finance: General Foreign Exchange Financial Markets and the Macroeconomy Financial Aspects of Economic Integration International Business Cycles Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation General Financial Markets: General (includes Measurement and Data) International Investment Long-term Capital Movements International Lending and Debt Problems Finance Currency Foreign exchange International economics Financial integration Exchange rate flexibility Emerging and frontier financial markets Foreign assets External debt Financial markets External position International finance Financial services industry Investments, Foreign Debts, External |
ISBN |
1-4755-7006-6
1-4755-7400-2 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover; Contents; I. Introduction; II. Recurrent Episodes of Global Financial Stress; Figures; 1. Global Financial Shocks, 1990-2011; Tables; 1. Global Financial Shocks, 1990-2011; 2. Key Variables during Episodes of Global Financial Shocks, 1990-2011; III. Financial Integration and Economic Fundamentals: Acting in Opposing Directions?; 3. Financial Openness, 1990-2011; 4. EMEs and SAEs Financial Openness, 2010; IV. The Impact of Global Financial shocks; A. Sample, Data, and Econometric Approach; 5. Macroeconomic Fundamentals, 1990-2010
6. Key Macroeconomic Fundamentals in EMEs and SAEs, 2010 versus 20007. Output Performance during Global Financial Shocks, 1990-2011; 8. Output Performance during Global Financial Shocks, 1990-2011; 9. Output Performance and Fundamentals during Global Financial Shocks, 1990-2011; B. Cross-Sectional Results; 2. Main Results of Cross-Section Estimation; 10. Macro Fundamentals and the Impact of Global Shocks; V. Assessing Vulnerabilities: Simulation Analysis; 11. Impact of Global Shock; VI. Conclusions; References; Annex 1; Annex 2 Annex 1. Key Global Variables during Global Financial Shocks, 1990-2011Annex 3; Annex 2. Exchange Rate Pressures during Global Financial Shocks |
Record Nr. | UNINA-9910816119103321 |
Adler Gustavo
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Washington, D.C. : , : International Monetary Fund, , 2012 | ||
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Lo trovi qui: Univ. Federico II | ||
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