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Macroprudential Policy Spillovers : A Quantitative Analysis

Author/Editor: Heedon Kang, Francis Vitek, Rina Bhattacharya, Phakawa Jeasakul, Sònia Muñoz, Naixi Wang, Rasool Zandvakil.

Release Date:July, 2017

This paper analyzes cross-border macrofinancial spillovers from a variety of macroprudential policy measures, using a range of quantitative methods. Event study and panel regression more...



Price: $18.00
Challenges to Monetary Policy in the Czech Republic—An Integrated Monetary and Fiscal Analysis

Author/Editor: Sònia Muñoz, Céline Allard.

Release Date:March, 2008

This paper uses the Global Integrated Monetary and Fiscal Model (GIMF), a New Keynesian open-economy general equilibrium model suitable for an integrated evaluation of monetary and fiscal policies, more...



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Central Bank Quasi-Fiscal Losses and High Inflation in Zimbabwe : A Note

Author/Editor: Sònia Muñoz.

Release Date:April, 2007

Zimbabwe's failure to address continuing central bank quasi-fiscal losses has interfered with both monetary management and the independence and credibility of the Reserve Bank of Zimbabwe (RBZ). more...



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Lessons From High Inflation Epidsodes for Stabilizing the Economy in Zimbabwe

Author/Editor: Jens R Clausen, Sharmini Coorey, Bakar Ould-Abdallah, Sònia Muñoz, Norbert Funke.

Release Date:April, 2007

Zimbabwe has currently the highest rate of inflation in the world (an annual rate of 1,730 percent in February, 2007). The high rates of inflation have contributed to the contraction of the economy, more...



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Cambodia : Rebuilding for a Challenging Future

Author/Editor: Sumio Ishikawa, Sibel Beadle, Damien Eastman, Srobona Mitra, Alejandro Lopez Mejia, Wafa Abdelati, Koji Nakamura, Il Houng Lee, Sònia Muñoz, Robert P Hagemann, David T Coe, Nadia Rendak.

Release Date:February, 2006

Cambodia's reconstruction and reform efforts have spanned almost 25 years following the Khmer Rouge period, which ended in 1979. Economic reforms began in earnest in the early 1990s, but reform more...



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Suppressed Inflation and Money Demand in Zimbabwe

Author/Editor: Sònia Muñoz.

Release Date:January, 2006

The paper investigates the divergence between inflation and monetary expansion in Zimbabwe since late 2003. The substantial decline in velocity and increasing levels of real money balances during more...



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Zimbabwe's Export Performance : The Impact of the Parallel Market and Governance Factors

Author/Editor: Sònia Muñoz.

Release Date:January, 2006

This paper analyzes Zimbabwe's export performance in recent years and identifies the factors that could improve export performance, from both a quantitative and qualitative perspective. Improving more...



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Habit Formation and Persistence in Individual Asset Portfolio Holdings : The Case of Italy

Author/Editor: Sònia Muñoz.

Release Date:January, 2006

This paper uses six waves of the Bank of Italy Survey of Households Income and Wealth to explore the dynamics of asset portfolio ownership. The household asset portfolio decision is a choice among more...



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Wealth Effects in Europe : A Tale of Two Countries (Italy and the United Kingdom)

Author/Editor: Sònia Muñoz.

Release Date:January, 2006

This paper investigates the increasing exposure of European households to risky financial assets and the consequent impact on the economy. I analyze household data for Italy and the United Kingdom, more...



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Social Impact of a Tax Reform : The Case of Ethiopia

Author/Editor: Sònia Muñoz, Stanley Sang-Wook Cho.

Release Date:November, 2003

This paper provides an assessment of the poverty and social impact of replacing Ethiopia's sales tax with a value-added tax (VAT). The results indicate that this reform has not had a major adverse more...



Price: $15.00