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  • 1
    Online Resource
    Online Resource
    [Washington, D.C.] :International Monetary Fund, Policy Development and Review Dept.,
    UID:
    edocfu_9958098513302883
    Format: 1 online resource (33 p.)
    Edition: 1st ed.
    ISBN: 1-4623-9925-8 , 1-4527-0474-0 , 1-283-51690-X , 9786613829351 , 1-4519-0871-7
    Series Statement: IMF working paper ; WP/06/75
    Content: This paper examines the role of IMF-supported programs in crisis prevention; specifically, whether, conditional on an episode of intense market pressures, IMF financial support helps prevent a capital account crisis from developing and, if so, through what channels. In doing so, the paper distinguishes between the seal of approval inherent in IMF support and its financing, evaluates the interaction of IMF support with economic policies, and assesses whether IMF financing has a different impact on the likelihood of a crisis than other forms of liquidity. The main result is that IMF financing helps prevent crises through the liquidity provided (i.e., money matters). However, since the effect holds even after controlling for (gross) foreign exchange reserves, stronger policies and the seal of approval under an IMFsupported program must also play a role. Finally, the results suggest that IMF financing as a crisis prevention tool is most effective for an intermediate range of economic fundamentals.
    Note: "March 2006." , ""Contents""; ""I. INTRODUCTION""; ""II. BACKGROUND""; ""III. IDENTIFYING CAPITAL ACCOUNT CRISES EPISODES""; ""IV. ESTIMATION AND RESULTS""; ""V. IMF SUPPORT AND CRISIS PREVENTION""; ""VI. CONCLUDING REMARKS""; ""References"" , English
    Additional Edition: ISBN 1-4518-6335-7
    Language: English
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  • 2
    Online Resource
    Online Resource
    [Washington, D.C.] :International Monetary Fund,
    UID:
    edocfu_9958108003002883
    Format: 1 online resource (26 p.)
    Edition: 1st ed.
    ISBN: 1-4623-5383-5 , 1-4527-0372-8 , 1-283-51583-0 , 1-4519-0926-8 , 9786613828286
    Series Statement: IMF working paper ; WP/06/213
    Content: Prior actions are measures that need to be implemented prior to Board approval of an IMFsupported program. This paper examines whether such prior actions can signal a willingness to implement reforms, especially when the member's track record is weak. We find some support for this signaling role, particularly for programs supported by the General Resources Account (GRA). Controlling for the member's previous track record, prior actions are associated with greater compliance with other structural conditions, suggesting their possible use as a screening device. Moreover, prior actions set at program approval serve as a useful screening device and strengthen the macroeconomic targets set out in the IMF-supported program. The results also reveal a demonstrable screening effect on growth over the medium term, since the growth impact of the ratio of prior actions at the outset versus the rest of the program is significantly positive while the total number of prior actions is not statistically significant.
    Note: "September 2006." , ""Contents""; ""I. INTRODUCTION""; ""II. THE LITERATURE""; ""III. STYLIZED FACTS OF IMF-SUPPORTED PROGRAMS""; ""IV. DETERMINANTS OF PRIOR ACTIONS""; ""V. PRIOR ACTIONS AND PROGRAM SUCCESS""; ""VI. CONCLUSIONS""; ""References""; ""Appendix"" , English
    Additional Edition: ISBN 1-4518-6473-6
    Language: English
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  • 3
    Online Resource
    Online Resource
    Washington, D.C : International Monetary Fund
    UID:
    gbv_845871293
    Format: Online-Ressource (24 p)
    Edition: Online-Ausg.
    ISBN: 1451864736 , 9781451864731
    Series Statement: IMF Working Papers Working Paper No. 06/213
    Content: Prior actions are measures that need to be implemented prior to Board approval of an IMFsupported program. This paper examines whether such prior actions can signal a willingness to implement reforms, especially when the member''s track record is weak. We find some support for this signaling role, particularly for programs supported by the General Resources Account (GRA). Controlling for the member''s previous track record, prior actions are associated with greater compliance with other structural conditions, suggesting their possible use as a screening device. Moreover, prior actions set at program approval serve as a useful screening device and strengthen the macroeconomic targets set out in the IMF-supported program. The results also reveal a demonstrable screening effect on growth over the medium term, since the growth impact of the ratio of prior actions at the outset versus the rest of the program is significantly positive while the total number of prior actions is not statistically significant
    Additional Edition: Erscheint auch als Druck-Ausgabe Ramakrishnan, Uma The Incidence and Effectiveness of Prior Actions in IMF-supported Programs Washington, D.C. : International Monetary Fund, 2006 ISBN 9781451864731
    Language: English
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  • 4
    Online Resource
    Online Resource
    Washington, D.C : International Monetary Fund
    UID:
    gbv_845884301
    Format: Online-Ressource (23 p)
    Edition: Online-Ausg.
    ISBN: 1451853483 , 9781451853483
    Series Statement: IMF Working Papers Working Paper No. 02/111
    Content: A reliable inflation-forecasting model is central for a sound monetary policy framework. In this paper, we study the domestic and international transmission effects on inflation in Indonesia and analyze the possible leading indicators of inflation. We identify the exchange rate, foreign inflation, and monetary growth as the main variables with a significant predictive power for inflation in Indonesia
    Additional Edition: Erscheint auch als Druck-Ausgabe Ramakrishnan, Uma Forecasting Inflation in Indonesia Washington, D.C. : International Monetary Fund, 2002 ISBN 9781451853483
    Language: English
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  • 5
    Online Resource
    Online Resource
    Washington, D.C : International Monetary Fund
    UID:
    gbv_84588039X
    Format: Online-Ressource (23 p)
    Edition: Online-Ausg.
    ISBN: 1451856474 , 9781451856477
    Series Statement: IMF Working Papers Working Paper No. 04/144
    Content: Australia''s remarkable economic performance during the 1990s has not resulted in a significant convergence of real per capita income, output, and employment levels across the country''s states and territories. This paper explores the role of certain economic rigidities that may have contributed to the lack of convergence, including rigidities in labor markets and in the structure of federal government transfers to households and subnational governments. The analysis suggests that the wage awards system has restricted the adjustment of real wages to productivity differentials, thus contributing to higher unemployment rates in some states. Federal government transfers to households also appear to have adversely affected work incentives in high unemployment states by limiting participation in the labor force
    Additional Edition: Erscheint auch als Druck-Ausgabe Ramakrishnan, Uma Regional Economic Disparities in Australia Washington, D.C. : International Monetary Fund, 2004 ISBN 9781451856477
    Language: English
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  • 6
    Online Resource
    Online Resource
    Washington, D.C : International Monetary Fund
    UID:
    gbv_845890980
    Format: Online-Ressource (31 p)
    Edition: Online-Ausg.
    ISBN: 1451863357 , 9781451863352
    Series Statement: IMF Working Papers Working Paper No. 06/75
    Content: This paper examines the role of IMF-supported programs in crisis prevention; specifically, whether, conditional on an episode of intense market pressures, IMF financial support helps prevent a capital account crisis from developing and, if so, through what channels. In doing so, the paper distinguishes between the seal of approval inherent in IMF support and its financing, evaluates the interaction of IMF support with economic policies, and assesses whether IMF financing has a different impact on the likelihood of a crisis than other forms of liquidity. The main result is that IMF financing helps prevent crises through the liquidity provided (i.e., money matters). However, since the effect holds even after controlling for (gross) foreign exchange reserves, stronger policies and the seal of approval under an IMFsupported program must also play a role. Finally, the results suggest that IMF financing as a crisis prevention tool is most effective for an intermediate range of economic fundamentals
    Additional Edition: Erscheint auch als Druck-Ausgabe Ramakrishnan, Uma The Role of IMF Support in Crisis Prevention Washington, D.C. : International Monetary Fund, 2006 ISBN 9781451863352
    Language: English
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  • 7
    Online Resource
    Online Resource
    [Washington, D.C.] :International Monetary Fund, Policy Development and Review Dept.,
    UID:
    almahu_9948321086602882
    Format: 31 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/06/75
    Note: "March 2006."
    Language: English
    Keywords: Electronic books.
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  • 8
    Online Resource
    Online Resource
    [Washington, D.C.] :International Monetary Fund,
    UID:
    almahu_9948321261402882
    Format: 24 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/06/213
    Note: "September 2006."
    Language: English
    Keywords: Electronic books.
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  • 9
    UID:
    edocfu_9958110631002883
    Format: 1 online resource (21 p.)
    ISBN: 1-4623-9359-4 , 1-4552-3955-0 , 1-4519-4599-X
    Series Statement: IMF Policy Discussion Papers
    Content: Although capital inflows are generally beneficial to recipient countries, they also pose a challenge for the conduct of economic policy. This paper proposes a conceptual taxonomy to guide the design of policy responses in the face of capital flows. We explore how responses to capital surges should be differentiated based on the source of balance of payments pressures. We also examine whether the policy choices in emerging market countries conform to the taxonomy's predictions and find some correspondence, especially during periods of high global liquidity.
    Language: English
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  • 10
    UID:
    edoccha_9958110631002883
    Format: 1 online resource (21 p.)
    ISBN: 1-4623-9359-4 , 1-4552-3955-0 , 1-4519-4599-X
    Series Statement: IMF Policy Discussion Papers
    Content: Although capital inflows are generally beneficial to recipient countries, they also pose a challenge for the conduct of economic policy. This paper proposes a conceptual taxonomy to guide the design of policy responses in the face of capital flows. We explore how responses to capital surges should be differentiated based on the source of balance of payments pressures. We also examine whether the policy choices in emerging market countries conform to the taxonomy's predictions and find some correspondence, especially during periods of high global liquidity.
    Language: English
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