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On International Integration of Emerging Sovereign Bond Markets

Author/Editor: Itai Agur, Melissa Chan, Mangal Goswami, Sunil Sharma.

Release Date:January, 2018

The paper investigates the international integration of EM sovereign dollar-denominated and local-currency bond markets. Factor analysis is used to examine movements in sovereign bond more...



Price: $18.00
Rules, Discretion, and Macro-Prudential Policy

Author/Editor: Itai Agur, Sunil Sharma.

Release Date:March, 2013

The paper examines the implementation of macro-prudential policy. Given the coordination, flow of information, analysis, and communication required, macro-prudential frameworks will have weaknesses more...



Price: $18.00
The Development of Local Debt Markets in Asia

Author/Editor: Mangal Goswami, Sunil Sharma.

Release Date:June, 2011

The paper makes an assessment of the progress made in developing local debt markets in emerging Asia. Market development has been limited by hurdles confronting borrowers and lenders, current and more...



Price: $18.00
A Framework for Financial Market Development

Author/Editor: Ralph Chami, Sunil Sharma, Connel Fullenkamp.

Release Date:July, 2009

The paper proposes a framework for examining the process of financial market development. The framework, consistent with the functional view of financial system design, is anchored in studying the more...



Price: $18.00
Capital Flows, Financial Integration, and International Reserve Holdings : The Recent Experience of Emerging Markets and Advanced Economies

Author/Editor: Sunil Sharma, Woon Gyu Choi, Maria Strömqvist.

Release Date:July, 2007

This paper examines the interaction between capital flows and international reserve holdings in the context of increasing financial integration. For emerging markets the sensitivity of reserves to more...



Price: $18.00
Pricing and Hedging of Contingent Credit Lines

Author/Editor: Elena Loukoianova, Salih N Neftci, Sunil Sharma.

Release Date:January, 2006

Contingent credit lines (CCLs) are widely used in bank lending and also play an important role in the functioning of short-term capital markets. Yet, their pricing and hedging has not received much more...



Price: $15.00
A Model of the Imf As a Coinsurance Arrangement

Release Date:November, 2004

The paper shows that a coinsurance arrangement among countries can, in principle, play a useful role in helping countries bear the risks involved in developing their economies and integrating into more...



Price: $20.00
Emerging Issues in Banking Regulation

Author/Editor: Sunil Sharma, Ralph Chami, Mohsin S Khan.

Release Date:May, 2003

The paper provides an overview of the profound and rapid changes in banking brought about by technology and deregulation, and discusses the hurdles that will have to be negotiated for putting in more...



Price: $15.00
IMF Conditionality and Country Ownership of Programs

Author/Editor: Mohsin S Khan, Sunil Sharma.

Release Date:September, 2001

The paper uses finance and agency theory to establish two main propositions: First, that the conditionality attached to adjustment programs supported by the IMF is justified. Second, that ownership more...



Price: $15.00
The Scope for Inflation Targeting in Developing Countries

Author/Editor: Miguel A Savastano, Paul R Masson, Sunil Sharma.

Release Date:October, 1997

Inflation targeting (IT) serves as monetary policy framework in several advanced economies, where it has enhanced policy transparency and accountability. The paper considers its wider applicability more...



Price: $15.00
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