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The Bahamas: 2012 Article IV Consultation

by International Monetary Fund. West Dept.

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


The Impact of Foreign Bank Deleveraging on Korea

by Sonali Jain-Chandra & Min Jung Kim

Korea was hit hard by the 2008 global financial crisis, with the foreign bank deleveraging channel coming prominently into play. The global financial crisis demonstrated that a sharp deleveraging can be transmitted...


Regional Economic Outlook, May 2013: Sub-Saharan Africa: Building Momentum in a Multi-Speed World

by International Monetary Fund. Afri Dept.

Growth remained strong in the region in 2012, with regional GDP rates increasing in most countries (excluding Nigeria and South Africa). Projections point to a moderate, broad-based acceleration in growth to...


Is the Growth Momentum in Latin America Sustainable?

by Sebastian Sosa & Evridiki Tsounta

A favorable external environment coupled with prudent policies fostered output growth in most of Latin America during the last decade. But, what were the drivers of this strong growth performance from the supply...


Niger: 2013 First Review Under the Three-Year Arrangement Under the Extended Credit facility and Request for a Waiver of Nonobservance of Performance

by International Monetary Fund. Afri Dept.

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Philippines: Selected Issues

by International Monetary Fund. Asia Dept

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Nigeria: 2012 Article IV Consultation

by International Monetary Fund. Afri Dept.

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Jamaica: Request for an Arrangement Under the Extended Fund Facility

by International Monetary Fund. West Dept.

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Niger: Joint Staff Advisory Note on the Poverty Reduction Strategy Paper

by International Monetary Fund. Afri Dept.

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Understanding Dsge Filters in Forecasting and Policy Analysis

by Michal Andrle

This paper introduces methods that allow analysts to (i) decompose the estimates of unobserved quantities into observed data, (ii) to better understand revision properties of the model, and (iii) to impose subjective...


Obsession Untamed

Feral Warriors #2

by Pamela Palmer

They are called Feral Warriors—an elite band of immortals who can change shape at will. Sworn to rid the world of evil, consumed by sorcery and seduction, their wild natures are primed for release . . .

Every...


The Impact of Debt Sustainability and the Level of Debt on Emerging Markets Spreads

by Nazim Belhocine & Salvatore, Mr. Dell'Erba

How do financial markets respond to concerns over debt sustainability and the level of public debt in emerging markets? We introduce a measure of debt sustainability – the difference between the debt stabilizing...


Kenya: Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for a Waiver and Modification of Performance Crite

by International Monetary Fund. Afri Dept.

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Capital Account Policies in Chile Macro-financial considerations along the path to liberalization

by Yan, Mr. Carriere-Swallow & Pablo, Mr. Garcia-Silva

This paper recounts Chile’s experience with capital account policies since the 1990s. We present how two external shocks were confronted under very different macroeconomic and capital account frameworks. We...


Four Decades of Terms-of-Trade Booms: Saving-Investment Patterns and a New Metric of Income Windfall

by Gustavo Adler & Nicolas E., Mr. Magud

We study the history of terms-of-trade booms (during 1970–2012), with a focus on Latin America, through the prisms of a simple metric that quantifies the associated income windfall. We also document saving...


Mali: Poverty Reduction Strategy Paper

by International Monetary Fund. Afri Dept.

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Balance Sheet Strength and Bank Lending During the Global Financial Crisis

by Tümer, Mr. Kapan & Camelia Minoiu

We examine the role of bank balance sheet strength in the transmission of financial sector shocks to the real economy. Using data from the syndicated loan market, we exploit variation in banks’ reliance on...


Republic of San Marino: 2013 Article IV Consultation

by International Monetary Fund. Euro Dept.

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Energy Subsidies and Energy Consumption-A Cross-Country Analysis

by Joshua, Mr. Charap & Arthur Ribeiro da, Mr. Silva

The economic and environmental implications of energy subsidies have received renewed attention from policymakers and economists in recent years. Nevertheless there remains significant uncertainty regarding...


Cyprus: Request for an Arrangement Under the Extended Fund Facility

by International Monetary Fund. Euro Dept.

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...