An Alternative Explanation for the Resource Curse : : The Income Effect Channel / / Ali Alichi, Rabah Arezki |
Autore | Alichi Ali |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (26 p.) |
Altri autori (Persone) | ArezkiRabah |
Collana | IMF Working Papers |
Soggetto topico |
Resource curse
Economic development Exports and Imports Macroeconomics Public Finance Natural Resources Methodology for Collecting, Estimating, and Organizing Macroeconomic Data Data Access Macroeconomic Analyses of Economic Development One, Two, and Multisector Growth Models Nonrenewable Resources and Conservation: General National Government Expenditures and Related Policies: General Aggregate Factor Income Distribution International Investment Long-term Capital Movements Agricultural and Natural Resource Economics Environmental and Ecological Economics: General Public finance & taxation International economics Environmental management Expenditure Income Current spending Capital flows Natural resources National accounts Balance of payments Environment Expenditures, Public Capital movements |
ISBN |
1-4623-8907-4
1-4527-0567-4 9786612843273 1-4518-7259-3 1-282-84327-3 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; Tables; 1. Composition of Government Expenditures in Oil Exporting; II. A Simple Model; A. Closed Economy; Figures; 1. Non-Hydrocarbon GDP Growth and Government Current Spending; 2. Transition Paths; B. Openness and Resource Curse; C. Altruism and Resource Curse; III. Empirical Investigation; A. Empirical Methodology; 3. Resource Curse Channels; B. Results; 2. Growth Regressions; IV. Conclusion; 3. Growth Regressions using Restrictions on Trade and Capital Flows; References; Appendices; A. Data; Appendix Tables; 4. Data Description; 5. Descriptive Statistics
6. List of Countries Included in the Sample B. Testing for Whether a Higher Degree of Altruism Dampens the Adverse Effect of Government Current Spending on Non-Hydrocarbon GDP Growth; 7. Growth Regressions using Regional Dummies; C. Regional integration of two large open economies |
Record Nr. | UNINA-9910788334403321 |
Alichi Ali | ||
Washington, D.C. : , : International Monetary Fund, , 2009 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
An Alternative Explanation for the Resource Curse : : The Income Effect Channel / / Ali Alichi, Rabah Arezki |
Autore | Alichi Ali |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (26 p.) |
Disciplina | 332.1 |
Altri autori (Persone) | ArezkiRabah |
Collana | IMF Working Papers |
Soggetto topico |
Resource curse
Economic development Exports and Imports Macroeconomics Public Finance Natural Resources Methodology for Collecting, Estimating, and Organizing Macroeconomic Data Data Access Macroeconomic Analyses of Economic Development One, Two, and Multisector Growth Models Nonrenewable Resources and Conservation: General National Government Expenditures and Related Policies: General Aggregate Factor Income Distribution International Investment Long-term Capital Movements Agricultural and Natural Resource Economics Environmental and Ecological Economics: General Public finance & taxation International economics Environmental management Expenditure Income Current spending Capital flows Natural resources National accounts Balance of payments Environment Expenditures, Public Capital movements |
ISBN |
1-4623-8907-4
1-4527-0567-4 9786612843273 1-4518-7259-3 1-282-84327-3 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; Tables; 1. Composition of Government Expenditures in Oil Exporting; II. A Simple Model; A. Closed Economy; Figures; 1. Non-Hydrocarbon GDP Growth and Government Current Spending; 2. Transition Paths; B. Openness and Resource Curse; C. Altruism and Resource Curse; III. Empirical Investigation; A. Empirical Methodology; 3. Resource Curse Channels; B. Results; 2. Growth Regressions; IV. Conclusion; 3. Growth Regressions using Restrictions on Trade and Capital Flows; References; Appendices; A. Data; Appendix Tables; 4. Data Description; 5. Descriptive Statistics
6. List of Countries Included in the Sample B. Testing for Whether a Higher Degree of Altruism Dampens the Adverse Effect of Government Current Spending on Non-Hydrocarbon GDP Growth; 7. Growth Regressions using Regional Dummies; C. Regional integration of two large open economies |
Record Nr. | UNINA-9910817629103321 |
Alichi Ali | ||
Washington, D.C. : , : International Monetary Fund, , 2009 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
Are Capital Controls Effective in the 21st Century? the Recent Experience of Colombia / / Benedict Clements, Herman Kamil |
Autore | Clements Benedict |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (27 p.) |
Altri autori (Persone) | KamilHerman |
Collana | IMF Working Papers |
Soggetto topico |
Capital movements
Foreign exchange rates - Econometric models Exports and Imports Foreign Exchange Public Finance Current Account Adjustment Short-term Capital Movements Contingent Pricing Futures Pricing option pricing International Investment Long-term Capital Movements Social Security and Public Pensions International economics Currency Foreign exchange Pensions Capital controls Exchange rates Capital flows Capital inflows Pension spending Balance of payments Expenditure |
ISBN |
1-4623-9513-9
1-4527-0164-4 1-282-84252-8 1-4518-7177-5 9786612842528 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Database and Stylized Facts on Capital Flows and Exchange Rates; A. Database; B. Capital Flows and Exchange Rates in the Pre-Controls Era; C. Capital Flows and Exchange Rates in the Controls Era; Tables; 1. Private Capital Flows Before and After Capital Controls; 1. Private Capital Flows Before and After Capital Controls; III. The Effectiveness of Capital Controls in Emerging Markets: Insights from Previous Research; IV. Empirical Methodology; A. The Effectiveness of Controls: Impact on Capital Flows
B. The Effectiveness of Controls: Evidence from Daily Exchange Rate Data V. Empirical Results; A. Controls and Capital Flows; 2. Impact of Capital Controls on Non-FDI Private Capital Flows; 3. Impact of Capital Controls on Foreign Borrowing and Drawdown of Residents' Bank Accounts Abroad; 4. Impact of Capital Controls on Portfolio Inflows; B. Controls and Exchange Rates; 5. Impact of Capital Controls on the Exchange Rate; Figures; VI. Conclusions and Suggestions for Future Research; References |
Record Nr. | UNINA-9910788347103321 |
Clements Benedict | ||
Washington, D.C. : , : International Monetary Fund, , 2009 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
Are Capital Controls Effective in the 21st Century? the Recent Experience of Colombia / / Benedict Clements, Herman Kamil |
Autore | Clements Benedict |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (27 p.) |
Disciplina | 332.0424 |
Altri autori (Persone) | KamilHerman |
Collana | IMF Working Papers |
Soggetto topico |
Capital movements
Foreign exchange rates - Econometric models Exports and Imports Foreign Exchange Public Finance Current Account Adjustment Short-term Capital Movements Contingent Pricing Futures Pricing option pricing International Investment Long-term Capital Movements Social Security and Public Pensions International economics Currency Foreign exchange Pensions Capital controls Exchange rates Capital flows Capital inflows Pension spending Balance of payments Expenditure |
ISBN |
1-4623-9513-9
1-4527-0164-4 1-282-84252-8 1-4518-7177-5 9786612842528 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Database and Stylized Facts on Capital Flows and Exchange Rates; A. Database; B. Capital Flows and Exchange Rates in the Pre-Controls Era; C. Capital Flows and Exchange Rates in the Controls Era; Tables; 1. Private Capital Flows Before and After Capital Controls; 1. Private Capital Flows Before and After Capital Controls; III. The Effectiveness of Capital Controls in Emerging Markets: Insights from Previous Research; IV. Empirical Methodology; A. The Effectiveness of Controls: Impact on Capital Flows
B. The Effectiveness of Controls: Evidence from Daily Exchange Rate Data V. Empirical Results; A. Controls and Capital Flows; 2. Impact of Capital Controls on Non-FDI Private Capital Flows; 3. Impact of Capital Controls on Foreign Borrowing and Drawdown of Residents' Bank Accounts Abroad; 4. Impact of Capital Controls on Portfolio Inflows; B. Controls and Exchange Rates; 5. Impact of Capital Controls on the Exchange Rate; Figures; VI. Conclusions and Suggestions for Future Research; References |
Record Nr. | UNINA-9910817534203321 |
Clements Benedict | ||
Washington, D.C. : , : International Monetary Fund, , 2009 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
Are Emerging Asia’s Reserves Really Too High? / / Marta Ruiz-Arranz, Milan Zavadjil |
Autore | Ruiz-Arranz Marta |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
Descrizione fisica | 1 online resource (36 p.) |
Disciplina | 332.456095 |
Altri autori (Persone) | ZavadjilMilan |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Foreign exchange administration - Asia
Foreign exchange - Asia Capital movements - Asia Banks and Banking Exports and Imports International Investment Long-term Capital Movements Monetary Policy International Lending and Debt Problems International economics Banking Capital flows Sudden stops External debt Reserves accumulation International reserves Capital movements Foreign exchange reserves Debts, External |
ISBN |
1-4623-3662-0
1-4527-7632-6 1-4518-7050-7 9786612841439 1-282-84143-2 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Developments in Reserve Adequacy Indicators; Tables; 1. Volatilities of Capital Flows in Asia-Pacific Economies; Box 1: Why Scale Reserves by Gross External Liabilities?; III. An Insurance Model of Optimal Reserves; 2. Output Loss in Asian Crisis; 3. Interest Rate Spreads; 4. Estimated Sterilization Financing Costs; 5. Foreign Reserves Levels: Optimal Vs. Actual; IV. A Threshold Model of Spreads-Reserves Elasticity; 6. Thresholds in the Spreads-Reserves Relations; V. Conclusions
7. Threshold Estimates of the Elasticity of EMBI Spreads with Respect to International Reserves Traditional Indicators 8. Threshold Estimates of the Elasticity of EMBI Spreads with Respect to International Reserves New Indicators; Figures; 1. Reserves in U.S. dollar, 1990-2007; 2. Reserves in percent of GDP, 1990-2007; 3. Reserves in months of exports of goods and services, 1990-2007; 4. Reserves in percent of short-term debt, 1990-2007; 5. Reserves in percent of gross external liabilities, 1990-2007; 6. Asia Emerging Markets: External Liabilities, 1990-2006 7. Reserves in percent of broad money, 1990-2007 8. Reserves to Financial System Deposits, Equities, and Bonds, 1990-2005; 9. The Optimal Level of International Reserves, 2007; 10. Optimal vs. Actual Levels of International Reserves in Asia; 11. The Optimal Level of International Reserves and Traditional Reserve Adequacy Indicators; 12. International Reserves and Threshold Estimates; Appendix; A.1. Variable Definitions and Sources; A.2. Summary Statistics; References |
Record Nr. | UNINA-9910788232503321 |
Ruiz-Arranz Marta | ||
Washington, D.C. : , : International Monetary Fund, , 2008 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
Are Emerging Asia’s Reserves Really Too High? / / Marta Ruiz-Arranz, Milan Zavadjil |
Autore | Ruiz-Arranz Marta |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
Descrizione fisica | 1 online resource (36 p.) |
Disciplina | 332.456095 |
Altri autori (Persone) | ZavadjilMilan |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Foreign exchange administration - Asia
Foreign exchange - Asia Capital movements - Asia Banks and Banking Exports and Imports International Investment Long-term Capital Movements Monetary Policy International Lending and Debt Problems International economics Banking Capital flows Sudden stops External debt Reserves accumulation International reserves Capital movements Foreign exchange reserves Debts, External |
ISBN |
1-4623-3662-0
1-4527-7632-6 1-4518-7050-7 9786612841439 1-282-84143-2 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Developments in Reserve Adequacy Indicators; Tables; 1. Volatilities of Capital Flows in Asia-Pacific Economies; Box 1: Why Scale Reserves by Gross External Liabilities?; III. An Insurance Model of Optimal Reserves; 2. Output Loss in Asian Crisis; 3. Interest Rate Spreads; 4. Estimated Sterilization Financing Costs; 5. Foreign Reserves Levels: Optimal Vs. Actual; IV. A Threshold Model of Spreads-Reserves Elasticity; 6. Thresholds in the Spreads-Reserves Relations; V. Conclusions
7. Threshold Estimates of the Elasticity of EMBI Spreads with Respect to International Reserves Traditional Indicators 8. Threshold Estimates of the Elasticity of EMBI Spreads with Respect to International Reserves New Indicators; Figures; 1. Reserves in U.S. dollar, 1990-2007; 2. Reserves in percent of GDP, 1990-2007; 3. Reserves in months of exports of goods and services, 1990-2007; 4. Reserves in percent of short-term debt, 1990-2007; 5. Reserves in percent of gross external liabilities, 1990-2007; 6. Asia Emerging Markets: External Liabilities, 1990-2006 7. Reserves in percent of broad money, 1990-2007 8. Reserves to Financial System Deposits, Equities, and Bonds, 1990-2005; 9. The Optimal Level of International Reserves, 2007; 10. Optimal vs. Actual Levels of International Reserves in Asia; 11. The Optimal Level of International Reserves and Traditional Reserve Adequacy Indicators; 12. International Reserves and Threshold Estimates; Appendix; A.1. Variable Definitions and Sources; A.2. Summary Statistics; References |
Record Nr. | UNINA-9910812133803321 |
Ruiz-Arranz Marta | ||
Washington, D.C. : , : International Monetary Fund, , 2008 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
Capital Account Openness in Low-income Developing Countries : : Evidence from a New Database / / Sarwat Jahan, Daili Wang |
Autore | Jahan Sarwat |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2016 |
Descrizione fisica | 1 online resource (27 pages) : illustrations (some color), graphs, tables |
Disciplina | 332.042 |
Altri autori (Persone) | WangDaili |
Collana | IMF Working Papers |
Soggetto topico |
Capital movements - Mathematical models
Capital movements - Developing countries - Mathematical models Exports and Imports Methodology for Collecting, Estimating, and Organizing Macroeconomic Data Data Access International Investment Long-term Capital Movements Financial Aspects of Economic Integration Current Account Adjustment Short-term Capital Movements International economics Finance Capital account Capital flows Capital controls Foreign direct investment Capital account liberalization Balance of payments Capital movements Investments, Foreign |
ISBN |
1-4755-6791-X
1-4755-6797-9 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Record Nr. | UNINA-9910162925203321 |
Jahan Sarwat | ||
Washington, D.C. : , : International Monetary Fund, , 2016 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
China's Road to Greater Financial Stability : : Some Policy Perspectives / / Udaibir Das, Jonathan Fiechter, Tao Sun |
Autore | Das Udaibir |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2013 |
Descrizione fisica | 1 online resource (245 p.) |
Altri autori (Persone) |
FiechterJonathan
SunTao |
Soggetto topico |
Banks and banking - China - 21st century
Economic development - China - 21st century Economic stabilization - China - 21st century Finance - China - 21st century Macroeconomics Accounting Banks and Banking Exports and Imports Finance: General Money and Monetary Policy Industries: Financial Services Financial Risk Management Banks Depository Institutions Micro Finance Institutions Mortgages General Financial Markets: General (includes Measurement and Data) General Financial Markets: Government Policy and Regulation Portfolio Choice Investment Decisions Public Administration Public Sector Accounting and Audits Monetary Policy, Central Banking, and the Supply of Money and Credit: General International Investment Long-term Capital Movements Banking Finance International economics Monetary economics Financial reporting, financial statements Economic & financial crises & disasters Commercial banks Liquidity Financial sector stability Capital flows Financial institutions Financial sector policy and analysis Asset and liability management Capital markets Financial markets Credit Money Balance of payments Banks and banking Financial services industry Economics Capital market Capital movements |
ISBN |
1-4755-2373-4
1-4843-1534-0 1-4755-3321-7 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover; Contents; Acknowledgments; Foreword; Introduction; Overview: China's Road to Greater Financial Stability; PART I: REFORMING THE FINANCIAL SYSTEM AND ENSURING FINANCIAL STABILITY; 1 Reform and Development of China's Financial Sector; Figures; Figure 1.1 Total Assets of Large Commercial Banks; Figure 1.2 Nonperforming Loan Ratios of Large Commercial Banks; Figure 1.3 Total Assets of Rural Credit Cooperatives; Figure 1.4 Owners' Equity of Rural Credit Cooperatives; Figure 1.5 Capital Adequacy Ratio of Rural Credit Cooperatives
Figure 1.6 Nonperforming Loan Ratios of Rural Credit Cooperatives Figure 1.7 Total Assets in the Financial Sector; Figure 1.8 Outstanding Bond Balances and Their Ratios to GDP; Figure 1.9 Bond Issuance; Figure 1.10 U.S. Dollar to Renminbi Exchange Rate; Figure 1.11 Daily Fluctuation Range of the Renminbi to U.S. Dollar Exchange Rate; 2 Financial Reform: An Essential Ingredient in Transforming China's Economic Development Model; Figure 2.1 Saving Decomposition; Figure 2.2 Sterilization by the People's Bank of China; Figure 2.3 House hold Consumption Figure 2.4 Average Employment Growth, 2004-10 Figure 2.5 Imputed "Subsidy" to Capital; Figure 2.6 Social Financing; Figure 2.7 Private Credit; Figure 2.8 Real Interest Rates; Figure 2.9 Distribution of the Returns to Bank-Intermediated Capital; Figure 2.10 Real Cost of Capital, 2005-09; Figure 2.11 Exchange Rate and Foreign Reserves; Figure 2.12 Short-Term Interest Rates; Figure 2.13 Inflation and the Deposit Rate; 3 Strengthening the Financial Stability Framework in China; PART II: MACROECONOMIC FACTORS AFFECTING FINANCIAL STABILITY 4 China's Sovereign Balance Sheet Risks and Implications for Financial Stability Figure 4.1 Size and Composition of China's Sovereign Assets; TABLES; TABLE 4.1 Sovereign Balance Sheet of China, 2010; Figure 4.2 Size and Composition of China's Sovereign Liabilities; Figure 4.3 China's Sovereign Assets, Liabilities, and Net Worth; Figure 4.4 China: Bonds and Loans; Figure 4.5 China: Debt Level by Sector; TABLE 4.2 International Comparison of China's Debt Structure and Overall Leverage Ratio; 5 Systemic Liquidity, Monetary Operations, and Financial Stability in China TABLE 5.1.1 Stylized People's Bank of China Balance Sheet Boxes; Box 5.1 What Is Liquidity?; Figure 5.1 China: Benchmark Deposit Rate Structure; Figure 5.2 China: Benchmark Lending Rate Structure; Figure 5.3 China: Structural Liquidity and Foreign Reserves; Figure 5.4 Structural Liquidity and the People's Bank of China Sterilization Policy; Figure 5.5 Composition of Policy Sterilization; Figure 5.6 China: Interest Rate Structure; Figure 5.7 China: Interbank Funding; Figure 5.8 China: Estimated Excess Reserve Ratios; TABLE 5.1 China: Aggregated Bank Balance Sheet; Figure 5.9 China: Bank Reserves Figure 5.10 China: Responses to an Increase in the Total Excess Reserves Ratio |
Record Nr. | UNINA-9910790799803321 |
Das Udaibir | ||
Washington, D.C. : , : International Monetary Fund, , 2013 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
China's Road to Greater Financial Stability : : Some Policy Perspectives / / Udaibir Das, Jonathan Fiechter, Tao Sun |
Autore | Das Udaibir |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2013 |
Descrizione fisica | 1 online resource (245 p.) |
Disciplina | 332.152 |
Altri autori (Persone) |
FiechterJonathan
SunTao |
Soggetto topico |
Banks and banking - China - 21st century
Economic development - China - 21st century Economic stabilization - China - 21st century Finance - China - 21st century Macroeconomics Accounting Banks and Banking Exports and Imports Finance: General Money and Monetary Policy Industries: Financial Services Financial Risk Management Banks Depository Institutions Micro Finance Institutions Mortgages General Financial Markets: General (includes Measurement and Data) General Financial Markets: Government Policy and Regulation Portfolio Choice Investment Decisions Public Administration Public Sector Accounting and Audits Monetary Policy, Central Banking, and the Supply of Money and Credit: General International Investment Long-term Capital Movements Banking Finance International economics Monetary economics Financial reporting, financial statements Economic & financial crises & disasters Commercial banks Liquidity Financial sector stability Capital flows Financial institutions Financial sector policy and analysis Asset and liability management Capital markets Financial markets Credit Money Balance of payments Banks and banking Financial services industry Economics Capital market Capital movements |
ISBN |
1-4755-2373-4
1-4843-1534-0 1-4755-3321-7 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover; Contents; Acknowledgments; Foreword; Introduction; Overview: China's Road to Greater Financial Stability; PART I: REFORMING THE FINANCIAL SYSTEM AND ENSURING FINANCIAL STABILITY; 1 Reform and Development of China's Financial Sector; Figures; Figure 1.1 Total Assets of Large Commercial Banks; Figure 1.2 Nonperforming Loan Ratios of Large Commercial Banks; Figure 1.3 Total Assets of Rural Credit Cooperatives; Figure 1.4 Owners' Equity of Rural Credit Cooperatives; Figure 1.5 Capital Adequacy Ratio of Rural Credit Cooperatives
Figure 1.6 Nonperforming Loan Ratios of Rural Credit Cooperatives Figure 1.7 Total Assets in the Financial Sector; Figure 1.8 Outstanding Bond Balances and Their Ratios to GDP; Figure 1.9 Bond Issuance; Figure 1.10 U.S. Dollar to Renminbi Exchange Rate; Figure 1.11 Daily Fluctuation Range of the Renminbi to U.S. Dollar Exchange Rate; 2 Financial Reform: An Essential Ingredient in Transforming China's Economic Development Model; Figure 2.1 Saving Decomposition; Figure 2.2 Sterilization by the People's Bank of China; Figure 2.3 House hold Consumption Figure 2.4 Average Employment Growth, 2004-10 Figure 2.5 Imputed "Subsidy" to Capital; Figure 2.6 Social Financing; Figure 2.7 Private Credit; Figure 2.8 Real Interest Rates; Figure 2.9 Distribution of the Returns to Bank-Intermediated Capital; Figure 2.10 Real Cost of Capital, 2005-09; Figure 2.11 Exchange Rate and Foreign Reserves; Figure 2.12 Short-Term Interest Rates; Figure 2.13 Inflation and the Deposit Rate; 3 Strengthening the Financial Stability Framework in China; PART II: MACROECONOMIC FACTORS AFFECTING FINANCIAL STABILITY 4 China's Sovereign Balance Sheet Risks and Implications for Financial Stability Figure 4.1 Size and Composition of China's Sovereign Assets; TABLES; TABLE 4.1 Sovereign Balance Sheet of China, 2010; Figure 4.2 Size and Composition of China's Sovereign Liabilities; Figure 4.3 China's Sovereign Assets, Liabilities, and Net Worth; Figure 4.4 China: Bonds and Loans; Figure 4.5 China: Debt Level by Sector; TABLE 4.2 International Comparison of China's Debt Structure and Overall Leverage Ratio; 5 Systemic Liquidity, Monetary Operations, and Financial Stability in China TABLE 5.1.1 Stylized People's Bank of China Balance Sheet Boxes; Box 5.1 What Is Liquidity?; Figure 5.1 China: Benchmark Deposit Rate Structure; Figure 5.2 China: Benchmark Lending Rate Structure; Figure 5.3 China: Structural Liquidity and Foreign Reserves; Figure 5.4 Structural Liquidity and the People's Bank of China Sterilization Policy; Figure 5.5 Composition of Policy Sterilization; Figure 5.6 China: Interest Rate Structure; Figure 5.7 China: Interbank Funding; Figure 5.8 China: Estimated Excess Reserve Ratios; TABLE 5.1 China: Aggregated Bank Balance Sheet; Figure 5.9 China: Bank Reserves Figure 5.10 China: Responses to an Increase in the Total Excess Reserves Ratio |
Record Nr. | UNINA-9910813700803321 |
Das Udaibir | ||
Washington, D.C. : , : International Monetary Fund, , 2013 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
The Composition Matters : : Capital Inflows and Liquidity Crunch During a Global Economic Crisis / / Hui Tong, Shang-Jin Wei |
Autore | Tong Hui |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (39 p.) |
Altri autori (Persone) | WeiShang-Jin |
Collana | IMF Working Papers |
Soggetto topico |
Financial crises - Econometric models
Capital movements Investments, Foreign Global Financial Crisis, 2008-2009 Exports and Imports Financial Risk Management Macroeconomics International Investment Long-term Capital Movements Financial Crises Price Level Inflation Deflation International Lending and Debt Problems International economics Economic & financial crises & disasters Capital flows Financial crises Asset prices Capital inflows External debt Prices Debts, External |
ISBN |
1-4623-7695-9
1-4527-7024-7 1-282-84377-X 1-4518-7311-5 9786612843778 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Specification and Key Variables; A. Basic Specification; B. Key Data; III. Empirical Analysis; A. The Extent of Financial Constraint; B. The Role of Pre-crisis Exposure to International Finance; Conclusion; References; Tables; 1. Average Change of Stock Price(log); 2a. Summary Statistics; 2b. Correlation of Variables; 3. The Average Effect of Liquidity Crunch Across Countries; 4. Pre-Crisis Exposure to Capital Inflows; 5. Role of Pre-Crisis Exposure to Capital Inflows in Emerging Economies (Volume Effect)
6. Role of Pre-Crisis Exposure to Capital Inflows in Emerging Economies (Composition Effect)7. Role of Pre-Crisis Exposure to Capital Inflows (Robusiness Checks); 8. Role of Pre-Crisis Exposure to Capital Inflows (More Robustness Checks); 9. Role of Pre-Crisis Exposure to Capital Inflows in Emerging Economies (Non-financial firms); 10. Placebo Test; 11. Stock Returns Around Lehman Brothers Bankruptcy; Figures; 1. Capital Flow to Emerging Economies; 2. The Extent of Capital Reversal versus the Initial Share of FDI in Capital Flows 3. Change in Log Banking Stock Prices vs Pre-Crisis International Bank LoansAppendix; 1. De Jure Financial Openness for Year 2006 |
Record Nr. | UNINA-9910788230003321 |
Tong Hui | ||
Washington, D.C. : , : International Monetary Fund, , 2009 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|