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An Alternative Explanation for the Resource Curse : : The Income Effect Channel / / Ali Alichi, Rabah Arezki
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
Opac: Controlla la disponibilità qui
An Alternative Explanation for the Resource Curse : : The Income Effect Channel / / Ali Alichi, Rabah Arezki
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
Opac: Controlla la disponibilità qui
Are Capital Controls Effective in the 21st Century? the Recent Experience of Colombia / / Benedict Clements, Herman Kamil
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
Opac: Controlla la disponibilità qui
Are Capital Controls Effective in the 21st Century? the Recent Experience of Colombia / / Benedict Clements, Herman Kamil
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
Opac: Controlla la disponibilità qui
Are Emerging Asia’s Reserves Really Too High? / / Marta Ruiz-Arranz, Milan Zavadjil
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
Opac: Controlla la disponibilità qui
Are Emerging Asia’s Reserves Really Too High? / / Marta Ruiz-Arranz, Milan Zavadjil
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
Opac: Controlla la disponibilità qui
Capital Account Openness in Low-income Developing Countries : : Evidence from a New Database / / Sarwat Jahan, Daili Wang
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
Opac: Controlla la disponibilità qui
China's Road to Greater Financial Stability : : Some Policy Perspectives / / Udaibir Das, Jonathan Fiechter, Tao Sun
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
Opac: Controlla la disponibilità qui
China's Road to Greater Financial Stability : : Some Policy Perspectives / / Udaibir Das, Jonathan Fiechter, Tao Sun
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
Opac: Controlla la disponibilità qui
The Composition Matters : : Capital Inflows and Liquidity Crunch During a Global Economic Crisis / / Hui Tong, Shang-Jin Wei
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
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