Author : Helmut W. Mayer
Publisher :
Page : 24 pages
File Size : 22,60 MB
Release : 1987
Category : Debts, External
ISBN :
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 39 pages
File Size : 16,16 MB
Release : 2003-09-12
Category : Business & Economics
ISBN : 149832892X
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Author : Helmut Reisen
Publisher : Edward Elgar Publishing
Page : 264 pages
File Size : 32,63 MB
Release : 1994-01-01
Category : Business & Economics
ISBN : 9781781959541
'The collection of essays would provide an excellent supplement to course texts by emphasising the practical applications of theoretical ideas to contemporary international issues.' - Nick Snowden, The Economic Journal '. . . this volume provides an interesting collection of papers for those seeking a better understanding of the financial aspects of LDEs' relations with the rest of the world and, in particular, for those wishing to explore the vastly different experience with foreign borrowing of East Asia, on the one hand, and Latin America, on the other.' - Ross McLeod, Asian-Pacific Economic Literature Debt, Deficits and Exchange Rates presents recent work by Helmut Reisen on current international monetary problems in East Asia and Latin America. Written over the last four years, these papers are readily accessible and of immediate policy relevance.
Author : Mayer
Publisher :
Page : 15 pages
File Size : 15,82 MB
Release : 1984
Category : Debt
ISBN :
Author : M. Ayhan Kose
Publisher : World Bank Publications
Page : 403 pages
File Size : 38,36 MB
Release : 2021-03-03
Category : Business & Economics
ISBN : 1464815453
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Author : Sebastian Edwards
Publisher : Johns Hopkins University Press
Page : 110 pages
File Size : 31,47 MB
Release : 1988
Category : Business & Economics
ISBN :
This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic policies is then analyzed under three alternative nominal exchange rate regimes: predetermined nominal exchange rates; floating nominal rates; and dual or black market nominal exchange rates. This discussion points out how inconsistent macroeconomic policies often lead to real exchange rate misalignment. Corrective measures, including nominal devaluation and several alternative approaches, are then evaluated.
Author : Mr.Daniel Leigh
Publisher : International Monetary Fund
Page : 41 pages
File Size : 38,53 MB
Release : 2011-07-01
Category : Business & Economics
ISBN : 1455294691
This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.
Author : Mr.Vito Tanzi
Publisher : International Monetary Fund
Page : 244 pages
File Size : 17,40 MB
Release : 1990-06-15
Category : Business & Economics
ISBN : 1557751714
Based on papers presented at the 44th Congress of the international Institute of Public Finance, this book, edited by Vito Tanzi, deals with public finance and macroeconomic policy in open, developing economies, with case studies of Chile, Mexico, Turkey, Korea, and the Arab oil exporting countries.
Author : Gerardo S. Tison
Publisher :
Page : 22 pages
File Size : 44,55 MB
Release : 1987
Category : Currency question
ISBN :
Author : Mr.Udaibir S. Das
Publisher : International Monetary Fund
Page : 128 pages
File Size : 42,1 MB
Release : 2012-08-01
Category : Business & Economics
ISBN : 1475505531
This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950–2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris Club. We present new stylized facts on the outcome and process of debt restructurings, including on the size of haircuts, creditor participation, and legal aspects. In addition, the paper summarizes the relevant empirical literature, analyzes recent restructuring episodes, and discusses ongoing debates on crisis resolution mechanisms, credit default swaps, and the role of collective action clauses.
