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Central Bank Balance Sheet Expansion in a Dollarized Economy: The Case of Ecuador

Author/Editor: Juan-Pablo Erraez, Julien Reynaud.

Release Date:December, 2022

A textbook argument in favor of adopting another country's legal tender is that it imposes strong constraints on money creation and therefore fiscal dominance. In Ecuador, an officially dollarized more...



Price: $20.00
Assessing IMF Lending: a Model of Sample Selection

Author/Editor: Nicolas Mäder, Jean-Guillaume Poulain, Julien Reynaud.

Release Date:July, 2019

Extending previous work on the determinants of IMF lending in an interconnected world, we introduce a model of sample selection in which both selection and size dimensions of individual IMF more...



Price: $18.00
Thou Shalt Not Breach: The Impact on Sovereign Spreads of Noncomplying with the EU Fiscal Rules

Author/Editor: Federico Diaz Kalan, Adina Popescu, Julien Reynaud.

Release Date:April, 2018

There is evidence that fiscal rules, in particular well-designed rules, are associated with lower sovereign spreads. However, the impact of noncompliance with fiscal rules on spreads has not been more...



Price: $18.00
Monetary Policy Transmission in the Eastern Caribbean Currency Union

Author/Editor: Alla Myrvoda, Julien Reynaud.

Release Date:March, 2018

This paper empirically investigates international and domestic monetary policy transmission mechanisms in the Eastern Caribbean Currency Union (ECCU). We assess interest rate pass-through more...



Price: $18.00
IMF Lending in an Interconnected World

Author/Editor: Jean-Guillaume Poulain, Julien Reynaud.

Release Date:July, 2017

We analyze the determinants of IMF lending since the early nineties, a period during which the roles of financial cycles and interconnectedness as amplifiers and transmitters of economic crises have more...



Price: $18.00
Caribbean Energy : Macro-Related Challenges

Author/Editor: Arnold McIntyre, Ahmed El-Ashram, Marcio Ronci, Julien Reynaud, Natasha Xingyuan Che, Ke Wang, Sebastian Acevedo Mejia, Mark Scott Lutz.

Release Date:March, 2016

High energy costs contribute to dampening Caribbean competitiveness and potential growth.
 This paper overviews power sector challenges and takes stock of national and regional
 more...



Price: $18.00
Gauging Housing Supply in Canada : A Stock Approach

Author/Editor: Julien Reynaud.

Release Date:June, 2015

This paper estimates Canada’s housing stock to gauge the supply-side component of therecent exuberance in the Canadian housing sector. The paper adds to the current relatedliterature by focusing on more...



Price: $18.00