All News

  • Sukuk vs. Eurobonds: Is There a Difference in Value-at-Risk?

    This paper assesses the impact of bonds issued according to Islamic principles (Sukuk), on the cost and risk structure of investment portfolios by using the Value-at-Risk (VaR) framework. The market for Sukuk has...

    Posted on: October 16, 2007
  • Globalization and Inequality - 2

     Chapter 4 : IMF World Economic Report - October 2007     Full Text

    Posted on: October 16, 2007
  • Globalization Widens Income Distribution - 1

    IMF SURVEY - OCTOBER 2007     Slide Show

    Posted on: October 13, 2007
  • Ethnic Diversity, Democracy, and Corruption

    I study the link between ethnic diversity, democracy, and corruption. In a static model, I show that contrary to conventional wisdom, corruption might emerge as a negative externality of democracy. This occurs through...

    Posted on: October 10, 2007
  • Banking Competition and Capital Ratios

    We use data for more than 2,600 European banks to test whether increased competition causes banks to hold higher capital ratios. Employing panel data techniques, and distinguishing between the competitive conduct of small...

    Posted on: October 10, 2007
  • Bank Ownership, Market Structure and Risk

    This paper presents a model of a banking industry with heterogeneous banks that delivers predictions on the relationship between banks' risk of failure, market structure, bank ownership, and banks' screening and bankruptcy costs....

    Posted on: October 10, 2007
  • Fresh Impetus Toward Maghreb Integration

    Full Text

    Posted on: October 10, 2007
  • The Determinants of Corporate Risk in Emerging Markets

    This study explores the determinants of corporate bond spreads in emerging markets economies. Using a largely unexploited dataset, the paper finds that corporate bond spreads are determined by firm-specific variables, bond characteristics, macroeconomic...

    Posted on: October 10, 2007
  • Country Report : TUNISIA

    IMF Country Report Tunisia No. 07/319 September, 2007 Full Text

    Posted on: October 10, 2007
  • India 's Potential Growth By: Oura, Hiroko...

    With India's GDP expanding at a rate above 8 percent in recent years, the debate about whether India is overheating revolves mainly about whether growth is above potential-that is, whether the economy...

    Posted on: October 10, 2007