The International Monetary Fund's Balance-Sheet and Credit Risk
The authors examine the characteristics of International Monetary Fund (IMF) lending from the 1960s to 2005.
Staff working papers provide a forum for staff to publish work-in-progress research intended for journal publication.
Content older than 10 years is available on the Bank’s Open Access Repository.
1356
result(s)
Examining the Trade-Off between Settlement Delay and Intraday Liquidity in Canada's LVTS: A Simulation Approach
Staff Working Paper 2006-20
Neville Arjani
The author explores a fundamental trade-off that occurs between settlement delay and intraday liquidity in the daily operation of large-value payment systems (LVPS), with specific application to Canada's Large Value Transfer System (LVTS).
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E47,
G,
G2,
G21
Institutional Quality, Trade, and the Changing Distribution of World Income
Staff Working Paper 2006-19
Brigitte Desroches,
Michael Francis
Conventional wisdom holds that institutional changes and trade liberalization are two main sources of growth in per capita income around the world.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Development economics,
International topics
JEL Code(s):
F,
F1,
F11,
F15,
O,
O1,
O11,
P,
P4,
P48
Working Time over the 20th Century
Staff Working Paper 2006-18
Alexander Ueberfeldt
From 1870 to 2000, the workweek length of employed persons decreased by 41 per cent in industrialized countries.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Economic models,
Labour markets,
Productivity
JEL Code(s):
E,
E1,
E13,
E2,
E24,
O,
O1,
O11
Risk-Cost Frontier and Collateral Valuation in Securities Settlement Systems for Extreme Market Events
Staff Working Paper 2006-17
Alejandro García,
Ramazan Gençay
The authors examine how the use of extreme value theory yields collateral requirements that are robust to extreme fluctuations in the market price of the asset used as collateral.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Econometric and statistical methods,
Financial stability,
Payment clearing and settlement systems
JEL Code(s):
C,
C1,
G,
G0,
G1
Benchmark Index of Risk Appetite
Staff Working Paper 2006-16
Miroslav Misina
Changes in investors' risk appetite have been used to explain a variety of phenomena in asset markets.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Economic models,
Financial markets
JEL Code(s):
G,
G1,
G12
LVTS, the Overnight Market, and Monetary Policy
Staff Working Paper 2006-15
Nadja Kamhi
Operational events in the Large Value Transfer System (LVTS) almost always result in a disturbance of the regular flow of payments.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Monetary policy implementation,
Payment clearing and settlement systems
JEL Code(s):
E,
E5
Forecasting Commodity Prices: GARCH, Jumps, and Mean Reversion
Staff Working Paper 2006-14
Jean-Thomas Bernard,
Lynda Khalaf,
Maral Kichian,
Sebastien McMahon
Fluctuations in the prices of various natural resource products are of concern in both policy and business circles; hence, it is important to develop accurate price forecasts.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Econometric and statistical methods
JEL Code(s):
C,
C5,
C52,
C53,
E,
E3,
E37
Guarding Against Large Policy Errors under Model Uncertainty
Staff Working Paper 2006-13
Gino Cateau
How can policy-makers avoid large policy errors when they are uncertain about the true model of the economy?
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Monetary policy and uncertainty
JEL Code(s):
D,
D8,
D81,
E,
E5,
E58
The Welfare Implications of Inflation versus Price-Level Targeting in a Two-Sector, Small Open Economy
Staff Working Paper 2006-12
Eva Ortega,
Nooman Rebei
The authors analyze the welfare implications of simple monetary policy rules in the context of an estimated model of a small open economy for Canada with traded and non-traded goods, and with sticky prices and wages.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Economic models,
Exchange rates,
Inflation targets
JEL Code(s):
E,
E3,
E31,
E32,
E5,
E52