Release Date: April, 2012

Release Date: April, 2012

A detailed assessment report on the observance of the Committee on Payment and Settlement Systems-International Organization of Securities Commissions recommendations for China's Securities more...

Release Date: April, 2012

Release Date: April, 2012

Author/Editor: Manmohan Singh, Peter Stella.

Release Date: April, 2012

Between 1980 and before the recent crisis, the ratio of financial market debt to liquid assets rose exponentially in the U.S. (and in other financial markets), reflecting in part the greater use of more...

Author/Editor: Kenichi Ueda, Fabian Valencia.

Release Date: April, 2012

We consider the optimality of various institutional arrangements for agencies that conduct macro-prudential regulation and monetary policy. When a central bank is in charge of price and financial more...

Author/Editor: Jiaqian Chen, Patrick A. Imam.

Release Date: April, 2012

We assess econometrically the impact of asset shortages on economic growth, asset bubbles, the probability of a crisis, and the current account for a group of 41 Emerging markets for 1995-2008. The more...

Author/Editor: Cyril Pouvelle.

Release Date: April, 2012

This paper analyses the effect of asset prices on credit growth in France and tries to disentangle credit demand and supply factors, both for the whole 1993-2010 period and during periods of more...

Release Date: March, 2012

Author/Editor: Reinout De Bock, Alexander Demyanets.

Release Date: March, 2012

This paper assesses the vulnerability of emerging markets and their banks to aggregate shocks. We find significant links between banks' asset quality, credit and macroeconomic aggregates. Lower more...

Author/Editor: Gianni De Nicoló, Andrea Gamba, Marcella Lucchetta.

Release Date: March, 2012

This paper studies the impact of bank regulation and taxation in a dynamic model with banks exposed to credit and liquidity risk. We find an inverted U-shaped relationship between capital more...

Author/Editor: Mohsan Bilal, Manmohan Singh.

Release Date: March, 2012

This paper looks at some technical issues when using CDS data, and if these are incorporated, the analysis or regression results are likely to benefit. The paper endorses the use of stochastic more...

Release Date: March, 2012

The paper developes a VAR macrofinance model of the Czech economy. It shows that yield misalignments from the yields implied by the macrofinance model partially determine subsequent yield changes more...

Author/Editor: Nan Geng, Papa N'Diaye.

Release Date: March, 2012

This paper analyzes the evolution of investment in China, its main features, and its key determinants. In recent years, manufacturing, real estate, and infrastructure have been the main drivers of more...

Author/Editor: Vanessa Le Leslé, Sofiya Avramova.

Release Date: March, 2012

In this paper, we provide an overview of the concerns surrounding the variations in the calculation of risk-weighted assets (RWAs) across banks and jurisdictions and how this might undermine the more...

Author/Editor: Jonathan David Ostry, Atish R Ghosh, Marcos d Chamon.

Release Date: February, 2012

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are more...

Release Date: February, 2012

Author/Editor: Martin Goetz, Luc Laeven, Ross Levine.

Release Date: February, 2012

This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United States on their market valuations. Using two novel identification strategies more...

Author/Editor: Gustavo Adler, Pedro Castro, Camilo Ernesto Tovar Mora.

Release Date: February, 2012

Heavy foreign exchange intervention by central banks of emerging markets have lead to sizeable expansions of their balance sheets in recent years”accumulating foreign assets and non-money domestic more...

Release Date: January, 2012