X
feed icon rss

Your email was sent successfully. Check your inbox.

An error occurred while sending the email. Please try again.

Proceed reservation?

Export
  • 1
    Online Resource
    Online Resource
    Assessing debt sustainability in emerging market economies using stochastic simulation methods (2006)
    [Washington, D.C] : World Bank
    Details
    UID:
    b3kat_BV049074803
    Format: 1 Online-Ressource
    Edition: Online-Ausg Also available in print
    Series Statement: Policy research working paper 3821
    Content: "The authors apply stochastic simulation methods to assess debt sustainability in emerging market economies and provide probability measures for projections of the external and public debt burden over the medium term. The vulnerability of public debt to adverse shocks is determined by a number of interrelated factors, including the volatility of output, financial fragility, the endogenous response of the risk premium, and sudden stops in private capital flows. The vulnerability of external debt is sensitive to the determination of the exchange rate and to the pricing of traded goods. The authors show that fiscal policy can act in a preemptive manner to prevent the debt burden from rising significantly over the medium term. This requires flexibility in fiscal planning, which many emerging market economies lack. Emerging market economies therefore face a difficult tradeoff between managing the risk of a debt crisis and pursuing other important fiscal policy objectives. "--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 1/17/2006
    Additional Edition: Karam, Philippe D Assessing debt sustainability in emerging market economies using stochastic simulation methods
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Online Access
    HWR Berlin
    EUV Frankfurt
    TH Brandenburg
    HTW Berlin
  • 2
    Online Resource
    Online Resource
    Specification of a stochastic simulation model for assessing debt sustainability in emerging market economies / (2006)
    [Washington, D.C.] :International Monetary Fund, Research Dept.,
    Details
    UID:
    edoccha_9958124466802883
    Format: 1 online resource (35 p.)
    Edition: 1st ed.
    ISBN: 1-4623-7300-3 , 1-4527-0271-3 , 1-283-51768-X , 9786613830135 , 1-4519-0981-0
    Series Statement: IMF working paper ; WP/06/268
    Content: This paper documents the specification of a model that was constructed to assess debt sustainability in emerging market economies. Key features of the model include external and fiscal sectors, which allow assessment of external and public debt in a unified framework; public and external debt, which both have an explicit maturity structure along with a distinction between denomination in domestic versus foreign currency to facilitate debt management analysis; monetary and fiscal policy, which are endogenous and specified using explicit forward-looking policy rules; an endogenous risk premium on public and external debt; and a mechanism for invoking a sudden stop in private capital flows. The paper provides an overview of the basic structure of the model, outlines the methodology used to calibrate the parameters, and illustrates the key properties of the model with reference to dynamic responses of selected variables to shocks of interest.
    Note: "December 2006." , ""Contents""; ""I. OVERVIEW""; ""II. MODEL STRUCTURE""; ""III. CALIBRATION METHODOLOGY""; ""IV. MODEL PROPERTIES""; ""V. CONCLUSIONS""; ""REFERENCES"" , English
    Additional Edition: ISBN 1-4518-6528-7
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    FU Berlin
    Charité
  • 3
    Online Resource
    Online Resource
    Assessing debt sustainability in emerging market economies using stochastic simulation methods (2006)
    [Washington, D.C] : World Bank
    Details
    UID:
    gbv_724218793
    Format: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3821
    Content: "The authors apply stochastic simulation methods to assess debt sustainability in emerging market economies and provide probability measures for projections of the external and public debt burden over the medium term. The vulnerability of public debt to adverse shocks is determined by a number of interrelated factors, including the volatility of output, financial fragility, the endogenous response of the risk premium, and sudden stops in private capital flows. The vulnerability of external debt is sensitive to the determination of the exchange rate and to the pricing of traded goods. The authors show that fiscal policy can act in a preemptive manner to prevent the debt burden from rising significantly over the medium term. This requires flexibility in fiscal planning, which many emerging market economies lack. Emerging market economies therefore face a difficult tradeoff between managing the risk of a debt crisis and pursuing other important fiscal policy objectives. "--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 1/17/2006 , Also available in print.
    Additional Edition: Karam, Philippe D Assessing debt sustainability in emerging market economies using stochastic simulation methods
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Online Access
    UB Potsdam
    MPI Bildungsforschung
  • 4
    Online Resource
    Online Resource
    Practical model-based monetary policy analysis : a how-to guide (2006)
    [Washington, D.C.] :International Monetary Fund, Policy Development and Review Dept., Research Dept., and IMF Institute,
    Details
    UID:
    edocfu_9958061617402883
    Format: 1 online resource (69 p.)
    Edition: 1st ed.
    ISBN: 1-4623-7201-5 , 1-4527-9051-5 , 1-282-54536-1 , 1-4519-0876-8 , 9786613822123
    Series Statement: IMF working paper ; WP/06/81
    Content: This paper provides a how-to guide to model-based forecasting and monetary policy analysis. It describes a simple structural model, along the lines of those in use in a number of central banks. This workhorse model consists of an aggregate demand (or IS) curve, a price-setting (or Phillips) curve, a version of the uncovered interest parity condition, and a monetary policy reaction function. The paper discusses how to parameterize the model and use it for forecasting and policy analysis, illustrating with an application to Canada. It also introduces a set of useful software tools for conducting a model-consistent forecast.
    Note: "March 2006." , ""Contents""; ""I. INTRODUCTION""; ""II. THE MODEL""; ""III. BUILDING THE MODEL""; ""IV. FORECASTING AND POLICY ANALYSIS""; ""V. AN EXAMPLE""; ""VI. CONCLUSIONS""; ""REFERENCES"" , English
    Additional Edition: ISBN 1-4518-6341-1
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    FU Berlin
    Charité
  • 5
    Online Resource
    Online Resource
    Assessing debt sustainability in emerging market economies using stochastic simulation methods / (2005)
    [Washington, D.C.] :International Monetary Fund, IMF Institute,
    Details
    UID:
    edocfu_9958108000602883
    Format: 1 online resource (36 p.)
    ISBN: 1-4623-2056-2 , 1-4519-8331-X , 1-283-51593-8 , 1-4519-0781-8 , 9786613828385
    Series Statement: IMF working paper ; WP/05/226
    Content: This paper applies stochastic simulation methods to assess debt sustainability in emerging market economies and provide probability measures for projections of the external and public debt burden over the medium term. The vulnerability of public debt to adverse shocks is determined by a number of interrelated factors, including the volatility of output, financial fragility, the endogenous response of the risk premium, and sudden stops in private capital flows. The vulnerability of external debt is sensitive to the determination of the exchange rate and to the pricing of traded goods. We show that fiscal policy can act in a preemptive manner to prevent the debt burden from rising significantly over the medium term. This requires flexibility in fiscal planning, which many emerging market economies lack. Emerging market economies therefore face a difficult trade-off between managing the risk of a debt crisis and pursuing other important fiscal policy objectives.
    Note: "December 2005." , ""Contents""; ""I. INTRODUCTION""; ""II. LITERATURE REVIEW""; ""III. OVERVIEW OF STOCHASTIC SIMULATION MODEL""; ""IV. STOCHASTIC SIMULATION RESULTS""; ""V. CONCLUSIONS""; ""REFERENCES"" , English
    Additional Edition: ISBN 1-4518-6245-8
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    FU Berlin
    Charité
  • 6
    Online Resource
    Online Resource
    The Transmission of Liquidity Shocks : The Role of Internal Capital Markets and Bank Funding Strategies (2014)
    Washington, D.C : International Monetary Fund
    Details
    UID:
    gbv_845955144
    Format: Online-Ressource (38 p)
    Edition: Online-Ausg.
    ISBN: 149835288X , 9781498352888
    Series Statement: IMF Working Papers Working Paper No. 14/207
    Content: We analyze the transmission of bank-specific liquidity shocks triggered by a credit rating downgrade through the lending channel. Using bank-level data for US Bank Holding Companies, we find that a credit rating downgrade is associated with an immediate and persistent decline in access to non-core deposits and wholesale funding, especially during the global financial crisis. This translates into a reduction in lending to households and non-financial corporates at home and abroad. The effect on domestic lending, however, is mitigated when banks (i) hold a larger buffer of liquid assets, (ii) diversify away from rating-sensitive sources of funding, and (iii) activate internal liquidity support measures. Foreign lending is significantly reduced during a crisis at home only for subsidiaries with weak funding self-sufficiency
    Additional Edition: Erscheint auch als Druck-Ausgabe Karam, Philippe The Transmission of Liquidity Shocks: The Role of Internal Capital Markets and Bank Funding Strategies Washington, D.C. : International Monetary Fund, 2014 ISBN 9781498352888
    Language: English
    DOI: 10.5089/9781498352888.001
    URL: kostenfrei
    URL: kostenfrei
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Open Access Request
    Stabi Berlin
  • 7
    Online Resource
    Online Resource
    Practical model-based monetary policy analysis : a how-to guide (2006)
    [Washington, D.C.] :International Monetary Fund, Policy Development and Review Dept., Research Dept., and IMF Institute,
    Details
    UID:
    almahu_9948321265202882
    Format: 67 p. : , ill.
    Edition: Electronic reproduction. Ann Arbor, MI : ProQuest, 2015. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries.
    Series Statement: IMF working paper ; WP/06/81
    Note: "March 2006."
    Language: English
    Keywords: Electronic books.
    URL: Click to View
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    HU Berlin
  • 8
    Online Resource
    Online Resource
    Specification of a stochastic simulation model for assessing debt sustainability in emerging market economies (2006)
    [Washington, D.C.] :International Monetary Fund, Research Dept.,
    Details
    UID:
    almahu_9948321262402882
    Format: 33 p.
    Edition: Electronic reproduction. Ann Arbor, MI : ProQuest, 2015. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries.
    Series Statement: IMF working paper ; WP/06/268
    Note: "December 2006."
    Language: English
    Keywords: Electronic books.
    URL: Click to View
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    HU Berlin
  • 9
    Online Resource
    Online Resource
    Assessing debt sustainability in emerging market economies using stochastic simulation methods / (2006)
    [Washington, D.C. :World Bank,
    Details
    UID:
    edoccha_9958126256202883
    Series Statement: Policy research working paper ; 3821
    Content: "The authors apply stochastic simulation methods to assess debt sustainability in emerging market economies and provide probability measures for projections of the external and public debt burden over the medium term. The vulnerability of public debt to adverse shocks is determined by a number of interrelated factors, including the volatility of output, financial fragility, the endogenous response of the risk premium, and sudden stops in private capital flows. The vulnerability of external debt is sensitive to the determination of the exchange rate and to the pricing of traded goods. The authors show that fiscal policy can act in a preemptive manner to prevent the debt burden from rising significantly over the medium term. This requires flexibility in fiscal planning, which many emerging market economies lack. Emerging market economies therefore face a difficult tradeoff between managing the risk of a debt crisis and pursuing other important fiscal policy objectives. "--World Bank web site.
    Note: Title from PDF file as viewed on 1/17/2006. , Also available in printing.
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Charité
  • 10
    Online Resource
    Online Resource
    Assessing debt sustainability in emerging market economies using stochastic simulation methods / (2006)
    [Washington, D.C. :World Bank,
    Details
    UID:
    edocfu_9958126256202883
    Series Statement: Policy research working paper ; 3821
    Content: "The authors apply stochastic simulation methods to assess debt sustainability in emerging market economies and provide probability measures for projections of the external and public debt burden over the medium term. The vulnerability of public debt to adverse shocks is determined by a number of interrelated factors, including the volatility of output, financial fragility, the endogenous response of the risk premium, and sudden stops in private capital flows. The vulnerability of external debt is sensitive to the determination of the exchange rate and to the pricing of traded goods. The authors show that fiscal policy can act in a preemptive manner to prevent the debt burden from rising significantly over the medium term. This requires flexibility in fiscal planning, which many emerging market economies lack. Emerging market economies therefore face a difficult tradeoff between managing the risk of a debt crisis and pursuing other important fiscal policy objectives. "--World Bank web site.
    Note: Title from PDF file as viewed on 1/17/2006. , Also available in printing.
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    FU Berlin
Nothing or not found what you are looking for? Please check your search query or use the Interlibrary Loan Search.
Close ⊗
This website uses cookies and the analysis tool Matomo. Further information can be found on the KOBV privacy pages