IMF Staff Papers, Volume 48, No. 3

IMF Staff Papers, Volume 48, No. 3
Author :
Publisher : International Monetary Fund
Total Pages : 204
Release :
ISBN-13 : 9781451973792
ISBN-10 : 1451973799
Rating : 4/5 (99 Downloads)

Book Synopsis IMF Staff Papers, Volume 48, No. 3 by : Mr.Robert P. Flood

Download or read book IMF Staff Papers, Volume 48, No. 3 written by Mr.Robert P. Flood and published by International Monetary Fund. This book was released on 2002-01-18 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the financial implications of the 1956 crisis of nationalization of the Suez Canal by Egypt. It examines the regional distribution of public employment in Italy. The paper quantifies the impact of changes in the U.S. monetary policy on sovereign bond spreads in emerging market countries. Specifically, the paper explores empirically how country risk, as proxied by sovereign bond spreads, is influenced by U.S. monetary policy, country-specific fundamentals, and conditions in global capital markets. Modeling the IMF’s statistical discrepancy in the global current account is also discussed.


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