IMF World Economic Outlook (WEO), Financial Crises: Causes and Indicators, May 1998--Contents
World Economic Outlook, May 1, 1998
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- IMF World Economic Outlook (WEO), Financial Crises: Causes and Indicators, May 1998--Contents
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Bibliographic details
- Published: May 1, 1998
- Series: World Economic Outlook
Front matter and general items
- World Economic Outlook
- Transcript of a Press Conference on the World Economic Outlook April 13, 1998
- Ordering Information
- Other issues of the World Economic Outlook
- WEO Selected Topics, 1995 - present
- Research at the IMF
- Email notification sign-up: Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.
- Modify your profile
- Financial Crises: Causes and Indicators — May 1998
- Reports and Related Links: English — Read More
- Disclaimer
- Use the free Adobe Acrobat Reader to view pdf files.
- Tips for using PDF files
Chapter I — Global Economic Prospects and Policy Considerations (198k pdf file)
- Chapter title: Global Economic Prospects and Policy Considerations
- Sections listed:
- The Asian Crisis
- Advanced Economies
- Developing Countries
- Countries in Transition
- Appendix: Countdown to EMU--Progress Toward Convergence and Challenges Remaining
- Boxes:
- 1. The Role of Hedge Funds in Financial Markets
- 2. Moral Hazard and IMF Lending
- 3. International Monetary System: Measures to Reduce the Risk of Crises
- Table:
- European Union: Convergence Indicators
- Figures:
- World Output and Inflation
- Nominal and Real Interest Rates in the Prospective Euro Area
- European Union: Average Inflation and General Government Balance
- 4. European Union: General Government Budget Positions
Chapter II — Global Repercussions of the Asian Crisis and Other Issues in the Current Conjuncture (314k pdf file)
- Chapter title: Global Repercussions of the Asian Crisis and Other Issues in the Current Conjuncture
- Sections listed:
- The Global Growth Outlook
- Prospects for Global Inflation (or Deflation)
- Implications of Recent Currency Realignments for Countries' International Competitiveness
- Prospects for Global Flows of Funds and Current Account Balances
- Outlook for Japan
- Emerging Market Countries: Selected Issues
- Box:
- Policy Assumptions Underlying the Projections for Selected Advanced Economies
- Tables:
- Overview of the World Economic Outlook Projections
- Advanced Economies: Real GDP, Consumer Prices, and Unemployment Rates
- Major Industrial Countries: General Government Fiscal Balances and Debt
- 5. Selected Developing Countries: Real GDP and Consumer Prices
- 6. Countries in Transition: Real GDP and Consumer Prices
- 7. Recent Exchange Rate Movements on Bilateral and Multilateral Bases
- 8. Developing Countries, Countries in Transition, and Newly Industrialized Economies: Net Capital Flows
- 9. Gross Private Financing to Emerging Market Economies
- 10. Selected Economies: Current Account Positions
- 11. Selected Latin American Economies: Macroeconomic Indicators
- 12. Sub-Saharan Africa: Selected Economic Indicators
- Selected Asian Economies: Bilateral U.S. Dollar Exchange Rates and Equity Prices
- Major Industrial Countries: Output Gaps
- Major Industrial Countries: Indices of Monetary Conditions
- Selected European Union Countries and the United States: Indicators of Consumer and Business Confidence
- Selected European Countries: Real Total Domestic Demand
- Major Industrial Countries: Nominal Interest Rates
- Selected Advanced Economies: Inflation
- Advanced Economies: Inflation and Commodity Prices
- 13. Major Industrial Countries: Effective Exchange Rates
- 14. Japanese Banking Sector: Selected Indicators
- 15. ASEAN-4 plus Korea: Aggregate Trade Balance
- 16. Paths of Output Gaps in Cases of Financial Sector Shocks
- 17. Selected Latin American Countries: Short-Term Interest Rates and Exchange Rates
- 18. Egypt: Basic Macroeconomic Data
Chapter III — The Business Cycle, International Linkages, and Exchange Rates (182k pdf file)
- Chapter title: The Business Cycle, International Linkages, and Exchange Rates
- Sections listed:
- Business Cycles
- The Relationship Between Business Cycles and Exchange Rates
- Implications for Policy and Surveillance
- Evaluating Exchange Rates
- Figures and numbered items:
- Major Industrial Countries: Business Cycle Indicators
- 19.
- 20. Major Industrial Countries: Unemployment, Inflation, and Output Gaps
- 21. Business Cycles and Output Gaps
- 22. Three Major Industrial Countries: Real Effective Exchange Rates and Selected Relative Cyclical Variables
- 23. Selected Major Industrial Countries: Temporary Dollar Appreciation Scenario
- 24. Three Major Industrial Countries: Variability in Effective Exchange Rates
Chapter IV — Financial Crises: Characteristics and Indicators of Vulnerability (215k pdf file)
- Chapter title: Financial Crises: Characteristics and Indicators of Vulnerability
- Sections listed:
- Types of Crises
- Identifying Crises
- Origins of Currency and Banking Crises
- Currency Crises and Contagion
- Indicators of Vulnerability
- Stylized Behavior of Macroeconomic Variables Before and After Crises
- Early Warning Signals of Vulnerability to Currency Crises
- Resolving Banking Sector Problems
- Effective Banking Prudential Regulations and Requirements
- The Current Account and External Sustainability
- Selected Crises: Costs of Restructuring Financial Sectors and Nonperforming Loans
- Costs of Crises in Lost Output Relative to Trend
- Significance of Early Warning Indicators of Vulnerability to Currency Crises
- Figures and tables:
- 25. Incidence of Currency and Banking Crises
- 26. Macroeconomic Characteristics of Currency Crises
- 27. Macroeconomic Characteristics of Banking Crises
- 28. Asian Currency Crisis: Indicators of Vulnerability
Chapter V — Progress with Fiscal Reform in Countries in Transition (165k pdf file)
- Chapter title: Progress with Fiscal Reform in Countries in Transition
- Sections listed:
- From Stabilization to Sustainability
- Transition and Government Revenue
- Transition and Government Expenditure
- Intergovernmental Fiscal Relations
- Legal Reform, Transparency, and Accountability
- Russia's Fiscal Challenges
- Pension Reform in Countries in Transition
- Tables and numbered items:
- Countries in Transition: General Government Balance
- Countries in Transition: General Government Revenue
- Countries in Transition: General Government Expenditure
- Selected Countries in Transition: Scenarios for Fiscal Sustainability
- Selected Countries in Transition: Main Items in the General Government Revenue Structure, 1996
- Selected Countries in Transition: Registered Unemployment
- Selected Countries in Transition: Estimated Poverty Headcount and Poverty Deficit, in 1993–95
- Selected Countries in Transition: Main Items in the General Government Expenditure Structure, 1996
- Selected Countries in Transition: Life Expectancy at Birth
- Selected Countries in Transition: Shares of Education and Health in Total Employment
- Box 9. Russian Federation: Summary Operations of the General Government
- Box 10. Public Pension Systems in Countries in Transition
- Box 10. Countries in Transition: Public Pension Expenditure, 1993 and 1996
- 29. Countries in Transition: General Government Revenue and Expenditure, 1997
- 30. Countries in Transition: Government Revenue, 1997
Annexes (99k pdf file)
- Annex I. Transparency in Government Operations
- Why Fiscal Transparency?
- Institutions and Behavior
- Government Accounts
- Indicators and Projections
- Overall Trends and Priorities
- Role of the IMF in Promoting Fiscal Transparency
- Annex II. Recent Developments in Primary Commodity Markets
- Effects of the Asian Crisis
- Effects of Weather
- Developments in Specific Markets
- Near-Term Outlook
- Price Declines for Individual Commodities and Countries Most Affected in Foreign Exchange Earnings
- 31. Selected Asian Countries' Shares in World Consumption of Primary Commodities
- 32. Commercial Stocks of Petroleum in OECD Countries
- 33. Real Commodity Prices and World Output
Statistical Appendix (380k pdf file)
- Contents:
- Assumptions
- Data and Conventions
- Classification of Countries
- List of Tables
- Output (Tables A1–A7)
- Inflation (Tables A8–A13)
- Financial Policies (Tables A14–A21)
- Foreign Trade (Tables A22–A26)
- Current Account Transactions (Tables A27–A32)
- Balance of Payments and External Financing (Tables A33–A37)
- External Debt and Debt Service (Tables A38–A43)
- Flow of Funds (Table A44)
- Medium-Term Baseline Scenario (Tables A45–A46)
Selected Topics (33k pdf file)
- World Economic Outlook and Staff Studies for the World Economic Outlook, Selected Topics, 1992–98
Content in this bundle
- Annex I Transparency in Government Operations
- 0598ch1pdf
- _0598ch2pdf - Fiscal consolidation, Asian crisis spillovers, and global outlook
- 0598ch3pdf
- _0598ch4pdf
- _0598ch5pdf
- IMF World Economic Outlook, May 1998--Statistical Appendix
- IMF World Economic Outlook, May 1998--Selected Topics, 1992-98
References
- Transcript of a Press Conference on the World Economic Outlook
- Ordering Information
- Other issues of the World Economic Outlook
- WEO Selected Topics, 1995 - present
- Research at the IMF
- Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.
- Modify your profile
- International Monetary Fund
- Disclaimer
- Adobe Acrobat Reader
- Tips for using PDF files