Title:
Northern star : Canada's path to economic prosperity / edited by Tamim Bayoumi, Vladimir Klyuev, and Martin Muhleisen.
Occasional paper ;
Occasional paper/International Monetary Fund ;
Author:
International Monetary Fund.
Bayoumi, Tamim A.
Klyuev, Vladimir.
Muhleisen, Martin.
General Notes:
Bibliography : p. 126-133.
Introduction / Vladimir Klyuev -- Factoring in Canadian cycles / Alejandro Justiniano -- Energy, the exchange rate, and the economy / Tamim Bayoumi and Martin Mèuhleisen -- Canada and the United States. Regional dimensions of the Canadian economy / Vladimir Klyuev and Rodolfo Luzio -- Canada-United States productivity gap / Roberto Cardarelli -- Effects of U.S. shocks / Iryna V. Ivaschenko and Andrew Swiston -- Budget forecasting / Martin Mèuhleisen ... [et al.] -- Pension system / Martin Mèuhleisen -- Fiscal prudence and tax reduction opportunities. Jam today or more jam tomorrow? The timing of tax cuts / Tamim Bayoumi and Dennis Botman -- Comparing efficiency gains from reducing the GST and the personal income tax / Dennis Botman -- Disintermediation and monetary transmission / Joreg E. Roldos -- Inflation targeting and macroeconomic volatility / Tamim Bayoumi and Vladimir Klyuev -- Competition in the banking system / Iryna V. Ivaschenko -- Large banking groups and financial system soundness / Gianni De Nicolلo, Alexander Tieman, and Robert Corker.
Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses: these outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these policies and the economy's salient features, including its close trade integration with the United States, large commodity sector, and substantial decentralization and regional diversity. It outlines what is unique about the Canadian experience and sheds light on policies and philosophies that can be applied in other economies.--Publisher's description.
Publisher:
International Monetary Fund,
Publication Place:
Washington, D.C. :
ISBN:
9781589066144
Subject:
Fiscal policy -- Canada.
Monetary policy -- Canada.
Canada -- Economic conditions -- 1991-
Canada -- Economic policy.
Series:
Occasional paper ; 258
Occasional paper/International Monetary Fund ; no. 258.
Contents:
Factoring in Canadian cycles / Energy, the exchange rate, and the economy / Canada and the United States. Regional dimensions of the Canadian economy / Canada-United States productivity gap / Effects of U.S. shocks / Budget forecasting / Pension system / Fiscal prudence and tax reduction opportunities. Jam today or more jam tomorrow? The timing of tax cuts / Comparing efficiency gains from reducing the GST and the personal income tax / Disintermediation and monetary transmission / Inflation targeting and macroeconomic volatility / Competition in the banking system / Large banking groups and financial system soundness /
Physical Description:
xii, 135 p. : col. ill. ;
Formatted Contents Note:
Introduction /
Publication Date:
2007.
Title:
Moving to greater exchange rate flexibility : operational aspects based on lessons from detailed country experiences / Inci Otker-Robe and David Vavra, and a team of economists.
Occasional paper ;
Occasional paper/International Monetary Fund ;
Author:
Otker, Inci.
Vavra, David, 1972-
International Monetary Fund.
General Notes:
Detailed country case studies were prepared by a team of experts consisting of Luis Ahumada, Fernando Barran, Andre Minella, Zbigniew Polanski, Piotr Szpunar, Barry Topf, and David Vavra., Detailed country case studies were prepared by a team of experts consisting of Luis Ahumada, Fernando Barran, Andre Minella, Zbigniew Polanski, Piotr Szpunar, Barry Topf, and David Vavra.
"Many countries moved toward more flexible exchange rate regimes over the past decade, which reflects in part the belief that more flexible exchange rates provide a greater degree of monetary policy autonomy and flexibility in responding to external shocks, including large and volatile capital flows. There has often been a reluctance to let go of pegged exchange rates despite the benefits of flexible rates. The extensive institutional and operational requirements needed to support a floating exchange rate as well as difficulties in assessing the right time and manner to exit tend to be additional factors in this reluctance. This paper presents the concrete steps taken by certain countries in transitioning to greater exchange rate flexibility, with a view to elaborating on the operational ingredients that proved helpful in promoting successful and durable transitions. It attempts to provide a better understanding of how these various operational ingredients were established and coordinated with the exits, how their implementation interacted with macro and other conditions, and how they contributed to the smoothness of the exits. The material in this paper was originally prepared in connection with a workshop on moving to greater exchange rate flexibility conducted in Ukraine in April 2005. The detailed case studies prepared subsequently also aimed a providing a follow-up to a discussion by the International Monetary Fund's (IMF) Executive Board in Devember 2004 on "From Fixed to Float: Operational Asoects of Moving Toward Exchange Rate Flexibility" (IMF, 2004). In concluding the discussion, Directors asked for more guidance on the sequencing and order of importance of the operational elements, backed by analysis of more specific country experiences and cross-country studies" --Pref. (v.), Detailed country case studies were prepared by a team of experts consisting of Luis Ahumada, Fernando Barran, Andre Minella, Zbigniew Polanski, Piotr Szpunar, Barry Topf, and David Vavra.
Publisher:
International Monetary Fund,
Publication Place:
Washington, DC :
ISBN:
9781589066243 (pbk.)
Subject:
Foreign exchange administration -- Case studies.
Foreign exchange rates -- Case studies.
Monetary policy -- Case studies.
Series:
Occasional paper ; 256
Occasional paper/International Monetary Fund ; no. 256.
Physical Description:
vii, 84 p. : ill. ;
Publication Date:
2007.
Title:
Developing essential financial markets in smaller economies : stylized facts and policy options / Hervâe Ferhani ... [et al.].
Occasional paper ;
Occasional paper/International Monetary Fund ;
Author:
Ferhani, Hervâe.
International Monetary Fund.
General Notes:
Includes bibliographical references (p. 70-73).
Introduction -- Impediments to financial market development in smaller economies -- Foreign exchange markets -- Money and secondary government securities markets -- Secondary equity markets -- Regional integration -- Annex I. Stylized facts: Foreign exchange markets -- Annex II. Stylized facts: Money and secondary government securities -- Annex III. Stylized facts: Secondary equity markets -- Annex IV. Case studies: Regional integration.
This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows. This study marks a first step toward formulating policies to develop essential smaller economy financial markets by documenting the stylized facts and presenting a framework for assessing the policy issues.--Publisher's description.
Publisher:
International Monetary Fund,
Publication Place:
Washington, DC :
ISBN:
9781589067752
1589067754
Subject:
Finance -- Developing countries.
Money market -- Developing countries.
Developing countries -- Economic policy.
Series:
Occasional paper ; 265
Occasional paper/International Monetary Fund ; no. 265.
Contents:
Introduction -- Impediments to financial market development in smaller economies -- Foreign exchange markets -- Money and secondary government securities markets -- Secondary equity markets -- Regional integration -- Annex I. Stylized facts: Foreign exchange markets -- Annex II. Stylized facts: Money and secondary government securities -- Annex III. Stylized facts: Secondary equity markets -- Annex IV. Case studies: Regional integration.
Physical Description:
x, 75 p. : ill. ;
Publication Date:
2009.
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