Global Monetary Tightening Emerging Markets Debt Dynamics and Fiscal Crises

Written By Mr. Julio Escolano
Global Monetary Tightening  Emerging Markets Debt Dynamics and Fiscal Crises
  • Publsiher : International Monetary Fund
  • Release : 12 December 2014
  • ISBN : 1498306918
  • Pages : 28 pages
  • Rating : /5 from reviews
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Download or read book entitled Global Monetary Tightening Emerging Markets Debt Dynamics and Fiscal Crises by author: Mr. Julio Escolano which was release on 12 December 2014 and published by International Monetary Fund with total page 28 pages . This book available in PDF, EPUB and Kindle Format. This paper finds that tightening global financial conditions can worsen emerging economies’ public debt dynamics through an increasing interest rate-growth differential, particularly if coupled with high global risk aversion. Latin America and emerging Europe are the regions most likely to be adversely affected. In addition, historical evidence—analyzed by means of a Poisson count model—suggests that the frequency of sovereign debt crises increases in emerging economies at the early stage of U.S. monetary tightening cycles, at times in which the term spread also rises. The timing may be related to abrupt switches of expectations about the future course of policy in the early stages of tightening cycles.

Global Monetary Tightening Emerging Markets Debt Dynamics and Fiscal Crises

Global Monetary Tightening  Emerging Markets Debt Dynamics and Fiscal Crises
  • Author : Mr. Julio Escolano,Ms. Christina Kolerus,Mr. Constant Lonkeng Ngouana
  • Publisher : International Monetary Fund
  • Release Date : 2014-12-12
  • Total pages : 28
  • ISBN : 1498306918
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Summary : This paper finds that tightening global financial conditions can worsen emerging economies’ public debt dynamics through an increasing interest rate-growth differential, particularly if coupled with high global risk aversion. Latin America and emerging Europe are the regions most likely to be adversely affected. In addition, historical evidence—analyzed by means ...

Global Monetary Tightening

Global Monetary Tightening
  • Author : Mr.Julio Escolano,Ms.Christina Kolerus,Mr.Constant Lonkeng Ngouana
  • Publisher : International Monetary Fund
  • Release Date : 2014-12-12
  • Total pages : 28
  • ISBN : 1498306918
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Summary : This paper finds that tightening global financial conditions can worsen emerging economies’ public debt dynamics through an increasing interest rate-growth differential, particularly if coupled with high global risk aversion. Latin America and emerging Europe are the regions most likely to be adversely affected. In addition, historical evidence—analyzed by means ...

US Monetary Policy and the Global Financial Cycle

US Monetary Policy and the Global Financial Cycle
  • Author : Silvia Miranda-Agrippino,Hélène Rey
  • Publisher : Unknown
  • Release Date : 2019
  • Total pages : 56
  • ISBN : 1498306918
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Summary : US monetary policy shocks induce comovements in the international financial variables that characterize the “Global Financial Cycle.” One global factor explaining an important share of the variation of risky asset prices around the world decreases significantly after a US monetary contraction. Monetary tightening in the US leads to significant deleveraging ...

International Transmission Effects on New Zealand Monetary Policy

International Transmission Effects on New Zealand Monetary Policy
  • Author : Dimitri Margaritis,D. T. Gibbs
  • Publisher : Unknown
  • Release Date : 1991
  • Total pages : 20
  • ISBN : 1498306918
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Summary : Read online International Transmission Effects on New Zealand Monetary Policy written by Dimitri Margaritis,D. T. Gibbs, published by which was released on 1991. Download full International Transmission Effects on New Zealand Monetary Policy Books now! Available in PDF, ePub and Kindle....

Normalization of Global Financial Conditions

Normalization of Global Financial Conditions
  • Author : Troy Matheson
  • Publisher : International Monetary Fund
  • Release Date : 2015-09-03
  • Total pages : 15
  • ISBN : 1498306918
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Summary : Global financial conditions are poised to tighten further as the global recovery proceeds. While monetary policy normalization should be a healthy global development as growth continues to recover in advanced economies, financial spillovers seen during the taper episode-which started with the announcement in May 2013 of possible tapering of U.S. ...

Global Imbalances and the Asian Economies

Global Imbalances and the Asian Economies
  • Author : Barry J. Eichengreen,Asian Development Bank. Office of Regional Economic Integration
  • Publisher : Unknown
  • Release Date : 2006
  • Total pages : 35
  • ISBN : 1498306918
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Summary : "This paper asks how Asia should prepare for the disorderly correction of global imbalances. It recommends tightening monetary policy and allowing Asian currencies to appreciate as a way of achieving a better balance between internal and external demand. Leaving the overall level of demand unchanged requires that this monetary tightening ...

Statement by the Managing Director to the International Monetary and Financial Committee on the Global Economy and Financial Markets

Statement by the Managing Director to the International Monetary and Financial Committee on the Global Economy and Financial Markets
  • Author : International Monetary Fund
  • Publisher : International Monetary Fund
  • Release Date : 2010-07-10
  • Total pages : 6
  • ISBN : 1498306918
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Summary : The recovery remains fragile and uneven. In many advanced economies, activity is still sluggish and unemployment high, while legacy problems in the financial system remain unresolved. Activity is more robust in many emerging and developing economies. However, their prospects also depend on a healthy, broad-based recovery among the advanced economies, ...

International Bank Lending Channel of Monetary Policy

International Bank Lending Channel of Monetary Policy
  • Author : Silvia Albrizio,Sangyup Choi,Davide Furceri,Chansik Yoon
  • Publisher : International Monetary Fund
  • Release Date : 2019-11-01
  • Total pages : 61
  • ISBN : 1498306918
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Summary : How does domestic monetary policy in systemic countries spillover to the rest of the world? This paper examines the transmission channel of domestic monetary policy in the cross-border context. We use exogenous shocks to monetary policy in systemically important economies, including the U.S., and local projections to estimate the ...

World Financial Markets

World Financial Markets
  • Author : Anonim
  • Publisher : Unknown
  • Release Date : 2001
  • Total pages : 212
  • ISBN : 1498306918
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Summary : Read online World Financial Markets written by , published by which was released on 2001. Download full World Financial Markets Books now! Available in PDF, ePub and Kindle....

The Open Economy ELB

The Open Economy ELB
  • Author : Damiano Sandri,Paolo Cavallino
  • Publisher : Unknown
  • Release Date : 2020
  • Total pages : 58
  • ISBN : 1498306918
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Summary : "Contrary to the trilemma, we show that international financial integration can undermine the transmission of monetary policy even in countries with flexible exchange rates due to an open economy Effective Lower Bound. The ELB is an interest rate threshold below which monetary easing becomes contractionary due to the interaction between ...

International Bank Lending Channel of Monetary Policy

International Bank Lending Channel of Monetary Policy
  • Author : Silvia Albrizio,Sangyup Choi,Davide Furceri,Chansik Yoon
  • Publisher : International Monetary Fund
  • Release Date : 2019-11-01
  • Total pages : 61
  • ISBN : 1498306918
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Summary : How does domestic monetary policy in systemic countries spillover to the rest of the world? This paper examines the transmission channel of domestic monetary policy in the cross-border context. We use exogenous shocks to monetary policy in systemically important economies, including the U.S., and local projections to estimate the ...

How Loose How Tight A Measure of Monetary and Fiscal Stance for the Euro Area

How Loose  How Tight  A Measure of Monetary and Fiscal Stance for the Euro Area
  • Author : Nicoletta Batini,Mr.Alessandro Cantelmo,Mr.Giovanni Melina,Stefania Villa
  • Publisher : International Monetary Fund
  • Release Date : 2020-06-05
  • Total pages : 75
  • ISBN : 1498306918
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Summary : This paper builds a model-based dynamic monetary and fiscal conditions index (DMFCI) and uses it to examine the evolution of the joint stance of monetary and fiscal policies in the euro area (EA) and in its three largest member countries over the period 2007-2018. The index is based on the ...

Thailand

Thailand
  • Author : International Monetary Fund
  • Publisher : Unknown
  • Release Date : 2006-01-18
  • Total pages : 64
  • ISBN : 1498306918
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Summary : This Selected Issues paper for Thailand highlights the effect of higher global interest rates on Thailand and the relationship between financial crises and long-term potential growth. Since the Asian crisis, Thailand has adopted an inflation targeting regime, and has intervened in the foreign exchange market to prevent excessive baht volatility. ...

Normalization of Global Financial Conditions

Normalization of Global Financial Conditions
  • Author : Mr.Troy Matheson
  • Publisher : International Monetary Fund
  • Release Date : 2015-09-03
  • Total pages : 15
  • ISBN : 1498306918
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Summary : Global financial conditions are poised to tighten further as the global recovery proceeds. While monetary policy normalization should be a healthy global development as growth continues to recover in advanced economies, financial spillovers seen during the taper episode—which started with the announcement in May 2013 of possible tapering of U....

global monetary conditions versus country specific factors in the determination of emerging market debt spreads

global monetary conditions versus country specific factors in the determination of emerging market debt spreads
  • Author : Anonim
  • Publisher : World Bank Publications
  • Release Date : 2021-07-30
  • Total pages : 212
  • ISBN : 1498306918
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Summary : Read online global monetary conditions versus country specific factors in the determination of emerging market debt spreads written by , published by World Bank Publications which was released on . Download full global monetary conditions versus country specific factors in the determination of emerging market debt spreads Books now! Available in PDF, ...