27-October-2011
English
This paper examines whether the composition of a country’s external liabilities and assets has an incidence on its risk of suffering financial turmoil.
26-October-2011
English
This paper seeks to identify factors explaining the appreciation of the Brazilian real observed since 2003, which was temporarily interrupted only during episodes of financial turbulence.
26-October-2011
English
This paper identifies refinements to the macroeconomic framework that will help Brazil to achieve strong performance in a new environment.
28-July-2011
English
In recent years, India has enjoyed one of the highest growth rates worldwide, weathering the global financial crisis better than many other countries.
28-July-2011
English
This paper examines how the the distributive impact of macroeconomic shocks is shaped by selected institutions. It uses a dynamic stochastic general equilibrium (DSGE) framework with heterogeneous agents and an endogenous collateral constraint.
5-July-2011
English
The Indian financial system has changed considerably since the 1990s. Interest rates have been deregulated and new entrants allowed in the banking and the securities business.
4-July-2011
English
This paper addresses the often neglected question of how macroeconomic risk is shared across and within economies, and identifies reforms that could contribute towards achieving more desirable risk-sharing outcomes.
25-May-2011
English
This paper looks at the empirical determinates of foreign currency reserve holdings across a panel of around 130 countries between 1980 and 2008.
26-April-2011
English
The financial crisis revealed flaws in pre-crisis policy frameworks.
15-April-2011
English
This paper presents an empirical analysis of the determinants of inflation in the United States, Japan, the euro area and the United Kingdom, focusing on the role of resource utilisation, inflation expectations, inflation persistence and imported inflation.