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Emerging Market Sovereign Bond Spreads : : Estimation and Back-testing / / Fabio Comelli
| Emerging Market Sovereign Bond Spreads : : Estimation and Back-testing / / Fabio Comelli |
| Autore | Comelli Fabio |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Descrizione fisica | 1 online resource (44 p.) |
| Collana | IMF Working Papers |
| Soggetto topico |
State bonds - Econometric models
Government securities - Econometric models Banks and Banking Finance: General Investments: Bonds International Finance Forecasting and Simulation Financial Forecasting and Simulation Interest Rates: Determination, Term Structure, and Effects General Financial Markets: General (includes Measurement and Data) Finance Investment & securities Yield curve Sovereign bonds Emerging and frontier financial markets Bond yields Securities markets Financial services Financial institutions Financial markets Interest rates Bonds Financial services industry Capital market |
| ISBN |
1-4755-1037-3
1-4755-1431-X |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; I. Introduction; II. Literature; III. The data; A. Emerging Market Sovereign Bond Spreads Data; B. Pull Factors Data; Political Risk Rating (PRR); Economic Risk Rating (ERR); Financial Risk Rating (FRR); C. Push Factors Data; IV. The Model; V. Regression Results; A. Baseline regression; B. Global Abundant Liquidity and Global Financial Crisis; Tables; Table 1. Sovereign Bond Spreads: Coefficient Estimates, All Emerging Market Economies; C. Regional Subgroups; D. How Do Fitted Bond Spreads Compare With Actual Bond Spreads?
Table 2. Sovereign Bond Spreads: Coefficient Estimates Across EM Regions.Figures; Panel 1. Actual and Fitted Sovereign Bond Spreads (basis points); Panel 2. Actual and Fitted Sovereign Bond Spreads: (basis points); E. Robustness Checks; Table 3. Sovereign Bond Spreads: Coefficient Estimates, Robustness Checks; Panel 3. Actual and Fitted Sovereign Bond Spreads (Basis points); F. Simulating an Improvement in Country-specific Variables on Bond Spreads; Table 4. Impact of one-standard deviation change on the model spread (Percent) Panel 4. Impact on the Model Spread Provoked by a One-standard Deviation ChangeVI. Back-testing the Model; A. Linear Prediction Method; B. Rolling Regression Method; Table 5. Probabilities that the linear prediction method correctly predicts (i) the; Table 6. Probabilities that the rolling regression (RR1) method correctly predicts; C. Comparing Competing Forecasts; Table 7. Measuring the accuracy of bond spread forecasts with the Diebold-Mariano; VII. Concluding Remarks; References; Appendixes; A. Tables; Appendix Tables Table A1. Probabilities that the rolling regression (RR2) method correctly predictsTable A2. Comparing rolling regression and linear prediction forecasts with the Diebold- Mariano test; Table A3. Mean Square Error, Mean Absolute Error and Theil's U Statistics for the rolling regression (RR1) method; Table A4. Mean Square Error, Mean Absolute Error and Theil's U Statistics for the rolling regression (RR2) method; B. Charts; Panel A1. Emerging Market Sovereign Bond Spreads: Actual, Fitted and Residuals; Panel A2: Emerging Markets Sovereign Bond Spread Tracker: January 1998 - December 2001 Panel A3: Emerging Markets Sovereign Bond Spread Tracker: January 2002 - December 2005Panel A4: Emerging Markets Sovereign Bond Spread Tracker: January 2006 - December 2009; Panel A5: Emerging Markets Sovereign Bond Spread Tracker: January 2010 - December 2011 |
| Record Nr. | UNINA-9910786480703321 |
Comelli Fabio
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| Washington, D.C. : , : International Monetary Fund, , 2012 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Euro Area Sovereign Risk During the Crisis / / Edda Zoli, Silvia Sgherri
| Euro Area Sovereign Risk During the Crisis / / Edda Zoli, Silvia Sgherri |
| Autore | Zoli Edda |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 23 p. : ill |
| Altri autori (Persone) | SgherriSilvia |
| Collana | IMF Working Papers |
| Soggetto topico |
Global Financial Crisis, 2008-2009
Financial crises - European Union countries - Econometric models Risk management - European Union countries - Econometric models Finance: General Financial Risk Management Investments: General Investments: Bonds Industries: Financial Services General Financial Markets: General (includes Measurement and Data) Investment Capital Intangible Capital Capacity Financial Crises Financial Institutions and Services: General Investment & securities Macroeconomics Finance Economic & financial crises & disasters Sovereign bonds Return on investment Securities markets Financial crises Financial sector Bonds Saving and investment Capital market Financial services industry |
| ISBN |
1-4623-9410-8
1-4527-4905-1 1-4518-7369-7 9786612844263 1-282-84426-1 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910788225503321 |
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Zoli Edda
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| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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From Bear Stearns to Anglo Irish : : How Eurozone Sovereign Spreads Related to Financial Sector Vulnerability / / Ashoka Mody
| From Bear Stearns to Anglo Irish : : How Eurozone Sovereign Spreads Related to Financial Sector Vulnerability / / Ashoka Mody |
| Autore | Mody Ashoka |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 39 p |
| Collana | IMF Working Papers |
| Soggetto topico |
Financial crises
Business cycles Finance: General Investments: Bonds Public Finance Industries: Financial Services Fiscal Policy International Financial Markets Debt Debt Management Sovereign Debt Financial Institutions and Services: General General Financial Markets: General (includes Measurement and Data) General Financial Markets: Government Policy and Regulation Public finance & taxation Finance Investment & securities Financial sector Public debt Sovereign bonds Competition Financial sector risk Economic sectors Financial institutions Financial markets Financial sector policy and analysis Financial services industry Debts, Public Bonds Financial risk management |
| ISBN |
1-4623-1137-7
9786612843235 1-4519-8625-4 1-282-84323-0 1-4518-7255-0 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910788334903321 |
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Mody Ashoka
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| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Government Bonds and their Investors : : What Are the Facts and Do they Matter? / / Jochen Andritzky
| Government Bonds and their Investors : : What Are the Facts and Do they Matter? / / Jochen Andritzky |
| Autore | Andritzky Jochen |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Descrizione fisica | 1 online resource (32 p.) |
| Collana | IMF Working Papers |
| Soggetto topico |
Government securities
Securities Investments: General Investments: Bonds Public Finance Portfolio Choice Investment Decisions Debt Debt Management Sovereign Debt General Financial Markets: General (includes Measurement and Data) Investment & securities Public finance & taxation Sovereign bonds Public debt Bonds Financial institutions Bond yields Financial instruments Debts, Public |
| ISBN |
1-4755-9432-1
1-4755-7005-8 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Cover; Contents; I. Introduction; II. The Dataset; III. What are the Facts?; IV. Does the Investor Base Matter?; A. Background; B. How Is the Investor Base Related to Yields?; C. Do Portfolio Shifts Affect Expected Bond Returns?; V. Conclusions; References |
| Record Nr. | UNINA-9910785526303321 |
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Andritzky Jochen
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| Washington, D.C. : , : International Monetary Fund, , 2012 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Long-Run and Short-Run Determinants of Sovereign Bond Yields in Advanced Economies / / Tigran Poghosyan
| Long-Run and Short-Run Determinants of Sovereign Bond Yields in Advanced Economies / / Tigran Poghosyan |
| Autore | Poghosyan Tigran |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Descrizione fisica | 1 online resource (27 p.) |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Government securities - Econometric models
Rate of return - Econometric models Cointegration Banks and Banking Investments: Bonds Macroeconomics Public Finance 'Panel Data Models Spatio-temporal Models' Interest Rates: Determination, Term Structure, and Effects General Financial Markets: General (includes Measurement and Data) Debt Debt Management Sovereign Debt Fiscal Policy Investment & securities Finance Public finance & taxation Bond yields Yield curve Sovereign bonds Public debt Fiscal stance Financial institutions Financial services Fiscal policy Bonds Interest rates Debts, Public |
| ISBN |
1-4755-7979-9
1-4755-4279-8 1-283-94768-4 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; I. Introduction; II. Determinants of Sovereign Bond Yields: Review of Existing Studies; A. Theoretical Considerations; B. Empirical Evidence; III. Empirical Methodology and Data; A. Empirical Methodology; B. Data; IV. Estimation Results; A. Baseline Specification; B. Robustness Checks; C. Are Financial Markets "Overreacting"?; V. Conclusions; References; Tables; 1. Description of Variables and their Sources; 2. Descriptive Statistics; 3. Panel Unit Root Tests; 4. Baseline Regressions; 5. Robustness Checks; Figures
1. Selected Euro area Economies: Real 10-Year Sovereign Bond Yields2. Selected Euro Area Economies: Debt-to-GDP Ratio; 3. Selected Euro Area Economies: Comparison of Predicted and Actual Long-Run Real Bond Spreads vis-à-vis Germany (first half of 2012); 4. Selected Euro Area Economies: Comparison of Predicted and Actual Long-Run Real Bond Spreads vis-à-vis Germany (1999-2009, average) |
| Record Nr. | UNINA-9910779591503321 |
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Poghosyan Tigran
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| Washington, D.C. : , : International Monetary Fund, , 2012 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Mexico : : Selected Issues
| Mexico : : Selected Issues |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2014 |
| Descrizione fisica | 1 online resource (67 p.) |
| Disciplina | 330.90511 |
| Collana | IMF Staff Country Reports |
| Soggetto topico |
Global Financial Crisis, 2008-2009
Financial crises - Mexico Economic development - Mexico Investments: Energy Investments: Bonds Industries: Energy Industries: Manufacturing Industries: Financial Services General Financial Markets: General (includes Measurement and Data) Hydrocarbon Resources Pension Funds Non-bank Financial Institutions Financial Instruments Institutional Investors Electric Utilities Industry Studies: Manufacturing: General Investment & securities Petroleum, oil & gas industries Finance Manufacturing industries International economics Natural gas sector Mutual funds Bond yields Sovereign bonds Electricity Economic sectors Financial institutions Commodities Bonds Gas industry Electric utilities |
| ISBN |
1-4843-1312-7
1-4983-9587-2 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; THE IMPACT OF MEXICO'S ENERGY REFORM ON HYDROCARBONS PRODUCTION; A. Current Challenges in the Energy Industry; B. Most Significant Reform Effort in 75 Years; C. Impact on Energy Production; D. Resource Blessed; E. How Long Does it Take?; F. Production Scenarios; FIGURES; 1. Illustrative Baseline Scenarios; 2. Illustrative Downside Scenarios; G. How Much Investment and FDI?; H. Natural Gas Imports and Transport; I. Electricity Reform; J. Conclusion; References; MADE IN MEXICO: THE ENERGY REFORM AND MANUFACTURING OUTPUT; A. Introduction
B. The Mexican Manufacturing Sector Since NAFTAC. The Energy Reform: How Much of a Boost for Mexican Manufacturing?; D. Are There Additional Indirect Effects Through Spillovers?; E. Concluding Remarks and Policy Implications; References; TABLES; 1. Energy Consumption (in Petajoules) of the Industrial Sector; 2. Estimates of Elasticities of Manufacturing Output to Energy Prices; 3. Estimates of Elasticities When Energy Inputs Enter Separately; 4. Differential Effects Across Subsectors; APPENDIX; I. Panel VAR model; APPENDIX FIGURES 1. Impulse Response Functions to a Rise in Electricity Prices with Subsector Spillovers 2. Impulse Response Functions to a Rise in Electricity Prices with Regional Spillovers; CAPITAL FLOW VOLATILITY AND INVESTOR BEHAVIOUR IN MEXICO; A. Introduction; B. Recent Episodes of Extreme Capital Movements in Mexico; FIGURES; 1. Mexico: Extreme Capital Flow Episodes; C. Behavior of Foreign and Domestic Mutual Funds in Mexico; 2. Evidence of Herding (net sellers as a percent of total funds); 3. Evidence of Herding (based on the herding index) D. Does Foreign Participation Amplify External Shock? A Time-Series Analysis of Mexican Sovereign Bond Market E. Concluding Remarks; BOXES; 1. OLS and Multivariate GARCH Models; 2. Data on Foreign Mutual Funds; TABLES; 1a. Bond Funds: Evidence of Positive Feedback Trading Behavior; 1b. Equity Funds: Evidence of Positive Feedback Trading Behavior; 2a. Robustness Check (1)-Using a Longer Sample for Foreign Mutual Funds; 2b. Robustness Check (2)-Using Dollar-Denominated Return on the 3-month Government Bonds; 3a. OLS Regression Results (VIX Shock); 3b. OLS Regression Results (U.S. Tapering Shock) 4a. Multivariate GARCH Results (VIX Shock)4b. Multivariate GARCH Results (U.S. Tapering Shock); References |
| Record Nr. | UNINA-9910788177103321 |
| Washington, D.C. : , : International Monetary Fund, , 2014 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Perspectives économiques régionales, mai 2013 : : Afrique subsaharienne : Créer une dynamique dans une économie mondiale à plusieurs vitesses
| Perspectives économiques régionales, mai 2013 : : Afrique subsaharienne : Créer une dynamique dans une économie mondiale à plusieurs vitesses |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2013 |
| Descrizione fisica | 1 online resource (272 p.) |
| Disciplina | 332.6323 |
| Collana | Regional Economic Outlook |
| Soggetto topico |
Bonds
Exports and Imports Foreign Exchange Investments: Bonds Macroeconomics Public Finance General Financial Markets: General (includes Measurement and Data) Debt Debt Management Sovereign Debt Fiscal Policy International Lending and Debt Problems Investment & securities Public finance & taxation International economics Currency Foreign exchange Public debt Sovereign bonds Exchange rates International bonds Fiscal policy Debts, Public Debts, External |
| ISBN |
1-4843-2691-1
1-4843-3353-5 1-4843-6950-5 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | fre |
| Nota di contenuto |
Cover Page; Title Page; Copyright Page; Contents; Graphiques; Tableaux; Encadrés; Sigles et acronymes; Remerciements; En bref; 1. Créer une dynamique dans une économie mondiale à plusieurs vitesses; Introduction et résumé; De bons résultats et des perspectives favorables; 1.1. Afrique subsaharienne:croissance du PIB réel; 1.1. Afrique subsaharienne:inflation des prix des produits alimentaires et hors alimentation; 1.2. Afrique subsaharienne:autres indicateurs macroéconomiques; 1.1. Révision des estimations relatives aux comptes nationaux dans les pays d'Afrique subsaharienne
1.2. Le changement des cadres de politique monétaire en Afrique de l'Est1.2. Afrique subsaharienne:solde budgétaire global, 2007-14; 1.3. Afrique subsaharienne:dette des administrations publiques, 2007-14; 1.4. Afrique subsaharienne:solde extérieur courant, 2004-14; 1.5. Afrique subsaharienne:exportations et importations ventilées par groupes de pays; 1.3. Évolution de l'endettement dans quinze pays d'Afrique subsaharienne; 1.6. Afrique subsaharienne:indices boursiers; 1.7. Afrique subsaharienne:taux de couverture par les réserves et solde extérieur courant 1.4. Le financement des déficits extérieurs courants dans les pays à faible revenu1.8. Principales régions:croissance du PIB réel, 2008-14; 1.5. Répartition sectorielle de l'emploi en Afrique subsaharienne; 1.9. Principales régions:inflation, 2008-14; Analyse des scénarios à risque; 1.10. Afrique subsaharienne:perspectives de croissance, 2013 et 2014; 1.11. Afrique subsaharienne:scénarios défavorables; Questions de politique économique et recommandations; Conclusion; 2. Élargir la marge de manœuvre de la politique budgétaire; Introduction et résumé Le niveau de la dette publique en tant qu'obstacle au financement des déficits2.1. Afrique subsaharienne:densité de la dette du secteur public, 2000-12; 2.2. Afrique subsaharienne:décomposition de l'accumulation de dette dans le secteur public, 2000-12; 2.3. Afrique subsaharienne:variation de la dette du secteur public, 2007-12; 2.4. Afrique subsaharienne:dette du secteur public en 2012 et seuils de viabilité; 2.1. Seuil de viabilité de la dette publique; 2.5. Afrique subsaharienne:densité de la dette du secteur public, 2013-17 2.6. Afrique subsaharienne:dette du secteur public en 2012 et 2017 et seuils de viabilitéPour éviter la procyclicité, il faut pouvoir obtenir des financements; 2.7. Afrique subsaharienne:composition du financement du déficit, 2007-12; 2.8. Afrique subsaharienne:composition du financement du déficit public, 2008-12; 2.9. Afrique subsaharienne:soutien budgétaire extérieur, 2007-12; 2.10. Afrique subsaharienne:composition du crédit, fin 2012 ou année la plus récente pour laquelle les chiffres sont disponibles; 2.11. Afrique subsaharienne:variation des dépôts publics, 2007-12 2.12. Afrique subsaharienne:dépôts publics auprès du système bancaire et réserves de change, fin 2012 ou année la plus récente pour laquelle les chiffres sont disponibles |
| Record Nr. | UNINA-9910779770303321 |
| Washington, D.C. : , : International Monetary Fund, , 2013 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Pricing of Sovereign Credit Risk : : Evidence From Advanced Economies During the Financial Crisis / / Emre Alper, Lorenzo Forni, Marc Gerard
| Pricing of Sovereign Credit Risk : : Evidence From Advanced Economies During the Financial Crisis / / Emre Alper, Lorenzo Forni, Marc Gerard |
| Autore | Alper Emre |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Descrizione fisica | 1 online resource (29 p.) |
| Altri autori (Persone) |
ForniLorenzo
GerardMarc |
| Collana | IMF Working Papers |
| Soggetto topico |
Debts, External - Developed countries
Country risk - Developed countries Global Financial Crisis, 2008-2009 Banks and Banking Finance: General Financial Risk Management Investments: Bonds Money and Monetary Policy Fiscal Policy Interest Rates: Determination, Term Structure, and Effects Monetary Policy, Central Banking, and the Supply of Money and Credit: General General Financial Markets: General (includes Measurement and Data) Financial Crises Financing Policy Financial Risk and Risk Management Capital and Ownership Structure Value of Firms Goodwill Monetary economics Economic & financial crises & disasters Investment & securities Finance Financial services law & regulation Credit default swap Financial crises Sovereign bonds Derivative markets Credit risk Money Financial markets Financial institutions Financial regulation and supervision Credit Bonds Derivative securities Financial risk management |
| ISBN |
1-4639-6592-3
1-4639-3377-0 1-4639-3836-5 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; I. Introduction; II. Dynamic Relationships between CDS and RAS Spreads; III. Determinants of CDS and RAS Spreads; IV. Concluding Remarks; Data Appendix; Figures; 1. CDS Gross Notional Outstanding Amounts as a Share of Total Public Debt: Selected Countries over the Period 2008-11; 2. CDS and RAS Spread Developments; 3. Expected one year ahead Primary Deficit and CDS/RAS Spreads - Large Advanced Economies; 4. Expected one year ahead Primary Deficit and CDS/RAS Spreads - Selected; Tables; 1. Panel and Individual Unit Root Test Results on the Basis (CDS-RAS)
2. Individual Cointegration Test and Error-correction Model Estimation Results for CDS and RAS Spreads3. CDS Spreads Regressions; 4. RAS Spreads Regressions; 5. CDS Spreads Regressions - Country Breakdown; 6. RAS Spreads Regressions--Country Breakdown; References |
| Record Nr. | UNINA-9910789904603321 |
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Alper Emre
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| Washington, D.C. : , : International Monetary Fund, , 2012 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Regional Economic Outlook, May 2013, Sub-Saharan Africa : : Building Momentum in a Multi-Speed World
| Regional Economic Outlook, May 2013, Sub-Saharan Africa : : Building Momentum in a Multi-Speed World |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2013 |
| Descrizione fisica | 1 online resource (116 p.) |
| Collana | Regional Economic Outlook |
| Soggetto topico |
Economic forecasting - Africa, Sub-Saharan
Exports and Imports Foreign Exchange Investments: Bonds Macroeconomics Public Finance Inflation General Financial Markets: General (includes Measurement and Data) Debt Debt Management Sovereign Debt Fiscal Policy International Lending and Debt Problems Energy: Demand and Supply Prices Investment & securities Public finance & taxation International economics Currency Foreign exchange Energy industries & utilities Public debt Sovereign bonds Exchange rates International bonds Fiscal policy Financial institutions Bonds Debts, Public Debts, External |
| ISBN |
1-4843-2147-2
1-4843-5394-3 1-4843-5459-1 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; Abbreviations; Acknowledgments; In Brief; 1. Building Momentum in a Multi-Speed World; Introduction and Summary; Robust Performance and Strong Outlook; Tables; 1.1. Sub-Saharan Africa: Real GDP Growth; Figures; 1.1. Sub-Saharan Africa: Food and Nonfood Inflation; Boxes; 1.1. Revisions to National Accounts Estimates among Sub-Saharan African Countries; 1.2. Changing Monetary Policy Frameworks in East Africa; 1.2. Sub-Saharan Africa: Other Macroeconomic Indicators; 1.2. Sub-Saharan Africa: Overall Fiscal Balance, 2007-14
1.3. Sub-Saharan Africa: General Government Debt, 2007-141.3. Debt Trends in Selected Sub-Saharan African Countries; 1.4. Sub-Saharan Africa: External Current Account Balance, 2004-14; 1.5. Sub-Saharan Africa: Exports and Imports by Regional Groups; 1.4. The Financing of Current Account Deficits in Low-Income Countries; 1.6. Sub-Saharan Africa: Stock Market Indices; 1.7. Sub-Saharan Africa: Reserve Coverage and Current Account Balance; 1.8. Selected Regions: Real GDP Growth, 2008-14; 1.9. Selected Regions: Inflation, 2008-14; 1.5. The Sectoral Distribution of Employment in Sub-Saharan Africa Risk Scenario Analysis1.10. Sub-Saharan Africa: Growth Prospects, 2013 and 2014; Policy Issues and Recommendations; 1.11. Sub-Saharan Africa: Downside Scenarios; Concluding Remarks; 2. Strengthening Fiscal Policy Space; Introduction and Summary; The Level of Public Debt as a Constraint on Financing Deficits; 2.1. Sub-Saharan Africa: Density of Public Sector Debt, 2000-12; 2.2. Sub-Saharan Africa: Total Public Debt Accumulation Decomposition, 2000-12; 2.3. Sub-Saharan Africa: Change in Public Sector Debt, 2007-12 2.4. Sub-Saharan Africa: Public Sector Debt in 2012 and Sustainability Thresholds2.1. Public Debt Sustainability Threshold; 2.5. Sub-Saharan Africa: Density of Public Sector Debt, 2012-17; 2.6. Sub-Saharan Africa: Public Sector Debt in 2012, 2017, and Sustainability Thresholds; Availability of Financing as a Constraint on Avoiding Procyclicality; 2.7. Sub-Saharan Africa: Composition of Government Deficit Financing, 2007-12; 2.8. Sub-Saharan Africa: Composition of Government Deficit Financing, 2008-12; 2.9. Sub-Saharan Africa: External Budget Support, 2007-12 2.10. Sub-Saharan Africa: Composition of Credit, end-2012 or the Most Recent Year Available2.11. Sub-Saharan Africa: Changes in Government Deposits, 2000-12; 2.12. Sub-Saharan Africa: Government Deposits in Banking System and Foreign Reserves, end-2012 or the Most Recent Year Available; Strengthening Fiscal Positions Over the Medium-Term-To What End?; 2.2. Do Vulnerable Low-Income Countries Have Fiscal Policy Space?; 3. Issuing International Sovereign Bonds: Opportunities and Challenges for Sub-Saharan Africa; Introduction and Summary; 3.1. Sub-Saharan Africa: Local Currency Bond Markets Experience with Sovereign Bond Issues in Sub-Saharan Africa |
| Record Nr. | UNINA-9910779769903321 |
| Washington, D.C. : , : International Monetary Fund, , 2013 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Republic of Poland : : Selected Issues Paper
| Republic of Poland : : Selected Issues Paper |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2014 |
| Descrizione fisica | 1 online resource (103 pages) |
| Disciplina | 330.9438022 |
| Collana | IMF Staff Country Reports |
| Soggetto topico |
International economic relations
Investments: Bonds Labor Macroeconomics Public Finance Taxation General Financial Markets: General (includes Measurement and Data) Macroeconomics: Consumption Saving Wealth Business Taxes and Subsidies Social Security and Public Pensions Nonwage Labor Costs and Benefits Private Pensions Pensions Investment & securities Public finance & taxation Labour income economics Private savings Value-added tax Pension spending Sovereign bonds National accounts Taxes Financial institutions Expenditure Saving and investment Bonds Spendings tax Debts, External |
| ISBN |
1-4983-3927-1
1-4983-6825-5 1-4983-7443-3 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; CONTENTS; GLOBAL FINANCIAL SPILLOVERS TO EMERGING MARKET SOVEREIGN BOND MARKETS: THE ROLE OF FOREIGN PARTICIPATION AND THE INVESTOR BASE; A. Introduction; B. Foreign Participation and Government Bond Yields; C. Foreign Participation, Investor Base Concentration, and the Transmission of Shocks; D. Conclusion; FIGURES; 1. Global Financial Conditions and Foreign Participation in Ems Government Bond Markets; 2. International Financial Spillovers into EMs; TABLES; 1. Foreign Holdings of FX Debt and Yield Volatility. Period 2004:Q1-2013:Q2
2. Foreign Holdings of LC Debt and Yield Volatility. Period 2004:Q1-2013:Q23. Foreign Holdings of FX Debt and FX Yield Level. Period 2004:Q1-2013:Q2; 4. Foreign Holdings of LC Debt and LC Yield Level. Period 2004:Q1-2013:Q2; 5. Panel Non-Linear Estimates; REFERENCES; CORPORATE SECTOR VULNERABILITIES; A. Introduction; FIGURES; 1. Poland: Corporate Sector Overview; B. Stylized Facts; 2. Selected Countries: Credit to the Nonfinancial Sector; 3. Selected Countries: Composition of Total Nonfinancial Corporate Debt; BOX; 1. Measuring Nonfinancial Corporate Debt 4. Poland: Nonfinancial Sector International Investment Position and Debt5. Selected Countries: Nonfinancial Sector External Debt and Intercompany Debt; 6. Selected Countries: Maturity Breakdown of Nonfinancial Sector External Debt; 7. Poland and EMs: Composition of Nonfinancial Sector External Debt; 8. Selected Countries: Debt Outstanding, Rollover Needs, and Debt Issuance; 9. Poland and EMs: Nonfinancial Sector Securities Issuance; 10. Selected Countries: Vulnerability Indicators; 11. Poland: High-Frequency Vulnerability Indicators; C. Resilience to Shocks; 12. Poland: Responses to Shocks D. ConclusionREFERENCES; CYCLICAL BEHAVIOR OF VAT REVENUES IN EUROPE; A. Introduction; B. Stylized Facts; C. Empirical Design; D. Results; E. Exploring Asymmetries and Non-Linear Effects; F. Policy Implications; G. Conclusion; TABLES; 1. Linear Effect of Demand Shocks to VAT Revenues in Europe: Dynamic Heterogeneous Panel Estimates; 2. Has the Crisis Led to a Shift in the Sensitivity of VAT Tax Receipts to Domestic Demand Shocks?; 3. Type of Demand Shocks and Cyclicality of VAT Revenues; 4. Role of Protracted Shocks; REFERENCES THE POLISH PENSION SYSTEM: FISCAL IMPACT OF THE 2014 CHANGES AND REMAINING POLICY CHALLENGESA. Introduction; B. Background and Methodology; BOXES; 1. The 1999 Pension Reform; C. Assessing the Impact of the 2014 Pension Changes; 2. Accounting for the Fiscal Impact of Pension Changes; TABLE; 1. Summary Statistics of Selected Variables Under Alternative Scenarios; D. Assessing Legacy Fiscal Risks; E. Conclusion; REFERENCES; ANNEXES; I. Major Reforms and Modifications to the Polish Pension; II. A Stylized Example; ARE PRIVATE SAVING ACCELERATIONS PREDICTABLE?; A. Introduction; FIGURES 1. The Case for Higher Saving Rates in Poland |
| Record Nr. | UNINA-9910791145003321 |
| Washington, D.C. : , : International Monetary Fund, , 2014 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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