Imf Programs And Financial Flows To Offshore Centers
Download Imf Programs And Financial Flows To Offshore Centers full books in PDF, epub, and Kindle. Read online free Imf Programs And Financial Flows To Offshore Centers ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
| Author | : Mr. Shekhar Aiyar |
| Publisher | : International Monetary Fund |
| Total Pages | : 31 |
| Release | : 2021-05-26 |
| Genre | : Business & Economics |
| ISBN | : 1513573543 |
Download IMF Programs and Financial Flows to Offshore Centers Book in PDF, Epub and Kindle
This paper examines whether IMF lending is associated with increases in outflows to offshore financial centers (OFCs), known for bank secrecy and asset protection, relative to other international destinations. Using quarterly data from the BIS on bilateral bank deposits, we are unable to detect any positive and statistically significant effect of IMF loan disbursements on bank deposits in OFCs. The result holds even after restricting the sample to the duration of the IMF program, where disbursement quarters and non-disbursement quarters should be subject to similar degrees of macroeconomic stress. It is also robust to using the scheduled tranche of disbursements as an instrument for actual disbursements. While the effects vary by the type and conditionality of the IMF program, as well as the amount of lending, none of the effects are found to be positive and statistically significant. We also estimate whether the recent surge in emergency lending, during the Covid-19 crisis, is associated with an increase in outflows to OFCs but find no evidence to support this.
| Author | : Marcel Cassard |
| Publisher | : International Monetary Fund |
| Total Pages | : 68 |
| Release | : 1994-09-01 |
| Genre | : Business & Economics |
| ISBN | : 1451946783 |
Download The Role of offshore Centers in International Financial Intermediation Book in PDF, Epub and Kindle
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
| Author | : Carl-Johan Lindgren |
| Publisher | : |
| Total Pages | : 103 |
| Release | : 1999 |
| Genre | : Business & Economics |
| ISBN | : 9781557758712 |
Download Financial Sector Crisis and Restructuring Book in PDF, Epub and Kindle
An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those of Malaysia and the Philippines. Although all judgements are still tentative, important lessons can be learned from the experiences of the last two years.
| Author | : Ahmed Zoromé |
| Publisher | : International Monetary Fund |
| Total Pages | : 38 |
| Release | : 2007-04 |
| Genre | : Business & Economics |
| ISBN | : |
Download Concept of Offshore Financial Centers Book in PDF, Epub and Kindle
This paper proposes a new definition of Offshore Financial Centers (OFCs) and develops a statistical method to differentiate between OFCs and non-OFCs using data from the Coordinated Portfolio Investment Survey (CPIS), the International Investment Position (IIP), and the balance of payments. The suggested methodology identifies more than 80 percent of the OFCs in the study sample that also appear in the a priori list used by the IMF to conduct its OFC assessment program. The methodology distinguishes OFCs based strictly on their macroeconomic features and avoids subjective presumptions on their activities or regulatory frameworks. The study also identifies three new countries meeting OFC criteria.
| Author | : Jannick Damgaard |
| Publisher | : International Monetary Fund |
| Total Pages | : 54 |
| Release | : 2019-12-11 |
| Genre | : Business & Economics |
| ISBN | : 1513521527 |
Download What Is Real and What Is Not in the Global FDI Network? Book in PDF, Epub and Kindle
Macro statistics on foreign direct investment (FDI) are blurred by offshore centers with enormous inward and outward investment positions. This paper uses several new data sources, both macro and micro, to estimate the global FDI network while disentangling real investment and phantom investment and allocating real investment to ultimate investor economies. We find that phantom investment into corporate shells with no substance and no real links to the local economy may account for almost 40 percent of global FDI. Ignoring phantom investment and allocating real investment to ultimate investors increases the explanatory power of standard gravity variables by around 25 percent.
| Author | : International Monetary Fund. Monetary and Financial Systems Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 20 |
| Release | : 2006-10-02 |
| Genre | : Business & Economics |
| ISBN | : 1498332978 |
Download Offshore Financial Centers - The Assessment Program - A Progress Report Book in PDF, Epub and Kindle
This paper updates Executive Directors on the progress since February 2005 in implementing the second phase of the offshore financial center (OFC) program as agreed in November 2003 (see PIN No. 03/138 at http://www.imf.org). At that time, Directors recognized that OFCs could pose prudential and financial integrity risks to the international financial system. In this context, Directors agreed that the monitoring of OFCs' activities and their compliance with supervisory and integrity standards should become a standard component of the financial sector work of the Fund. They also requested periodic updates on the progress with implementation of the program. Earlier updates were provided in March 2004 (Offshore Financial Centers—The Assessment Program—An Update) and February 2005 (Offshore Financial Centers—The Assessment Program—A Progress Report). With the completion of the first round of assessments, staff have begun implementing the second phase of the program.
| Author | : Mr.Luca Errico |
| Publisher | : International Monetary Fund |
| Total Pages | : 57 |
| Release | : 1999-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1451842163 |
Download Offshore Banking Book in PDF, Epub and Kindle
The paper takes a closer look at offshore banking—a pervasive practice that has played a role in recent crises. Offshore banking is an increasingly attractive alternative to the sometimes heavily regulated financial markets of emerging economies. From a microeconomic vantage point, offshore banks seem to exploit the risk-return tradeoff by being more profitable than onshore banks, and in many instances also more leveraged. Risks stemming from offshore activities may be easily transmitted onshore with systemic consequences. Current prudential and supervisory frameworks are broadly adequate for risk management if effectively and universally implemented.
| Author | : James M. Boughton |
| Publisher | : Oxford University Press, USA |
| Total Pages | : 330 |
| Release | : 2009-06-25 |
| Genre | : Business & Economics |
| ISBN | : 019923986X |
Download Finance, Development, and the IMF Book in PDF, Epub and Kindle
This book seeks to provide objective analysis of the role and effectiveness of multilaterals in general and the IMF and World Bank in particular. The IMF is a multilateral financial institution with a mandate to promote financial and macroeconomic stability, cooperative economic policies, and a balanced growth of international trade. More than two fifths of its 185 members are low-income countries and many others have substantial pockets of poverty in their populations. Since economic development and the reduction of poverty are the most important economic challenges that these countries face, how can the IMF best help them? How can the imperative of macroeconomic and financial stability be reconciled with the requirements for sustained economic growth? This volume brings together the research of leading economists, political scientists, and historians to suggest ways for the IMF to address these issues effectively.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 180 |
| Release | : 1997-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1455216569 |
Download Coordinated Portfolio investment Survey Book in PDF, Epub and Kindle
This paper presents a coordinated portfolio investment survey guide provided to assist national compilers in the conduct of the Coordinated Portfolio Investment Survey, conducted under the auspices of the IMF with reference to the year-end 1997. The guide covers a variety of conceptual issues that a country must address when conducting a survey. It also covers the practical issues associated with preparing for a national survey. These include setting a timetable, taking account of the legal and confidentiality issues raised, developing a mailing list, and maintaining quality control checks.
| Author | : International Monetary Fund |
| Publisher | : |
| Total Pages | : 35 |
| Release | : 2008 |
| Genre | : Banks and banking, International |
| ISBN | : |
Download Offshore Financial Centers Book in PDF, Epub and Kindle
"This paper provides an update and overview of the Offshore Financial Center (OFC) program. At the time of the November 2003 review of the OFC program, Directors indicated that the Board should conduct the next review of the program in 2-3 years and be updated periodically on the progress in implementing the OFC program. Progress reports have been issued to the Board annually, the most recent in February 2006"--IMF information page summary.
