phrase.titleSeries="imf working paper"

Print version: Abrego, Lisandro ; African Continental Free Trade Agreement: Welfare Gains Estimates from a General Equilibrium Model, Key elements of the AfCFTA -- The current state of trade in Africa -- A model for evaluating the effects of the AfCFTA -- Data and calibration -- Simulation results -- Relation to other studies -- Conclusion and policy implications

Print version: Igan, Deniz O. ; Long Shadow of the Global Financial Crisis: Public Interventions in the Financial Sector, Cover; Contents; I. Introduction; II. Gross Direct Interventions in the Aftermath of the Crisis; A. Data Coverage; B. Bank-Level Interventions: A First Glance; III. Remaining Public Asset Holdings in Financial Institutions; A. Remaining Asset Holdings in 2017; B. Pace of Intervention, Recovery, and Instruments; IV. Other Aspects of Interventions: Impaired Assets and Indirect Costs; A. Current Asset Holdings Including Impaired Assets; B. Fiscal Impact of Direct Interventions; V. Conclusions; References; Tables; 1. Gross Direct Interventions by Year; 2. Asset Purchases by Instrument, 3. Initial Government Stake and Bank/Country Conditions4. Peak Government Stake and Bank/Country Conditions; 5. Public Asset Holdings and Bank/Country Conditions; 6. Public Asset Holdings and Bank/Country Conditions: Big Banks; 7. Public Asset Holdings and Bank/Country Conditions: Small/Medium Banks; 8. Fiscal Impact of Government Interventions in the Financial Sector; A1. Selected Economies: Government Interventions in the Financial Sector; A2. Selected Economies: Government Interventions in the Financial Sector; Figures; 1. Cumulative Direct Interventions by Country, 2. Initial Public Holdings by Bank Characteristics3. Public Asset Holdings by Instrument; 4. Remaining Public Holdings by Bank Characteristics; 5. Bank Liabilities in Public Hands; 6. Divestment and Macroeconomic Aggregates; 7. Divestment and Financial System Characteristics; 8. Direct Holdings by Instrument Pecking Order; 9. Asset Holdings by Instrument; 10. Recovery Rate; 11. Indirect Fiscal Impact of Government Interventions; 12. Total Fiscal Impact of Government Interventions; A1. Gross Direct Interventions in Country-Level vs Bank-Level Datasets; A2. Public Asset Holdings by Instrument, A3. Bank Liabilities in Public Hands-Equity SharesA4. Bank Liabilities in Public Hands-Hybrid Securities; A5. Bank Liabilities in Public Hands-Debt; Boxes; 1. Linking Direct Interventions to Public Finances; 2. Fiscal Impact: Stock-Flow vs Cash-Flow Approaches; Appendices; I. Constructing the Bank-Level Dataset; Methodological Challenges; Case-by-Case Summaries; Australia; Austria; Belgium; Brazil; Bulgaria; Canada; Croatia; Cyprus; Czech Republic; Denmark; Estonia; Finland; France; Germany; Greece; Hungary; Ireland; Italy; Japan; Latvia; Lithuania; Luxembourg; Malta; Netherlands; New Zealand, PolandPortugal; Romania; Russia; Slovak Republic; Slovenia; Spain; Sweden; Switzerland; Ukraine; United Kingdom; United States; Cross-Country Cases; II. Fiscal Implications of Gross Direct Interventions by Country; III. Comparing the Two Datasets; IV. Additional Figures

Print version: Lambert, Frédéric ; Income Inequality and Government Transfers in Mexico

Print version: Colacelli, Mariana ; Productivity Drag from Small and Medium-Sized Enterprises in Japan

Print version: Imam, Patrick A. ; Does an Inclusive Citizenship Law Promote Economic Development?, Cover; Contents; I. INTRODUCTION; II. CITIZENSHIP LAWS: JUS SOLI VS JUS SANGUINIS; A. General Principles; B. History of Citizenship Laws by Region; C. Jus Soli vs Jus Sanguinis: Different Impact on Economic Development?; III. THE DATA, MODEL, AND ECONOMETRIC APPROACH; A. The Data and Sample; B. Model Specification; C. Econometric Strategy; IV. THE RESULTS; A. OLS Estimates; B. Panel Estimates; C. Additional Specifications; D. Accounting for the Counterfactual Using the Synthetic Control Method; V. CONCLUSION; References; Figures; 1. Citizenship Laws, 2014, 2. Real GDP Per Capita in Jus Soli and Non-Jus Soli Developing Countries, 1970-20143. Synthetic Control Method: Treatment Effect of Moving from a Jus Soli Law to a Jus Sanguinis Law; Tables; 1. Citizenship and Development: OLS Results; 2. Citizenship and Development: Panel and Instrumental Variable Estimations; 3. Citizenship and Development: Alternative Definition of Citizenship Law; 4. Citizenship and Development: Additional Control Variables; 5. Dynamics of Citizenship Laws in Developing Countries, 1948 vs. 2014; Appendix Tables; A1. Citizenship and Development: OLS Results, A2. First-Stage Regressions to Instrument the Jus Soli VariableAppendix Figures; A1. SCM Results: Real GDP per Capita (log) in Treated and Control Units, 1960-2014; A2. Placebo Tests: Treatment effect for Treated Units and Donor Pool, 1960-2014; Annex; I. Country Samples

Print version: Kopp, Emanuel ; U.S. Investment since the Tax Cuts and Jobs Act Of 2017, How has U.S. private investment performed since 2017? -- How much of the higher investment reflects the strength of aggregate demand? -- How has investment performed compared with the historical relation between tax cuts and investment? -- What may have held back investment?

Print version: Manaresi, Francesco ; Credit Supply and Productivity Growth, Data -- Theoretical framework -- Credit supply shocks and firm production -- The effect of credit supply on firm productivity growth -- The interbank market collapse as a natural experiment -- Beyond measurement: channels

Print version: Chan-Lau, Jorge A. ; Bottom-Up Default Analysis of Corporate Solvency Risk, Cover; Contents; Abstract; I. Introduction; II. Recent Corporate Debt Developments: LA-5 Countries; A. Financial Ratio Analysis; B. Debt-at-Risk; III. The Bottom-Up Default Analysis (BuDA) Methodology: an Overview; IV. A BuDA Case Study: Adverse Commodity Shocks in LAC-5 Countries; A. Macroeconomic Scenario Design; B. Calculating Bank Provisions and Capital Buffers; V. Concluding Remarks; A. Forecasting Risk Factors; B. Projecting PDs Using BuDA; C. Calculating Bank Provisions and Capital Buffers; Tables; 1. Sustainability of Corporate Debt in the LA-5: Weak Tail Analysis, 2: Economy-Wide and Firm-Specific Risk Factors3. Required Provisions and Economic Capital; 4. National Stock Indices and Short-Term Interest Rates; Figures; 1. Bond and Loan Debt by Non-Financial Corporates; 2. LA5: Banks and Non-Financial Corporate Sector; 3. LA-5: Non-Financial Corporate Debt, 2000-15; 4. Debt at Risk; 5. BuDA and Banks' Buffer Needs: Conceptual Approach; 6. Baseline GDP Growth; 7. Distress Scenario Impact on GDP Levels; 8. Baseline and Adverse Scenario: Commodity Prices, Real GDP and USD Exchange Rates; 9. Probability of Default in the Non-Financial Corporate Sector

Print version: Cull, Robert ; Bank Ownership: Trends and Implications