IMF Working Papers

China’s digital economy has expanded rapidly in recent years. While average digitalization of the economy remains lower than in advanced economies, digitalization is already high in certain regions and sectors, in particular e-commerce and fintech, and costal regions. Such transformation has boosted productivity growth, with varying impact on employment across sectors.

24p maingoc84 14-02-2022 44 2   Download

In recent years many countries have made drastic changes to the architecture of financial supervision, and more countries are contemplating modifications. The current restructuring wave is making the supervisory landscape less uniform than in the past. In several countries the architecture still reflects the classic model, with separate agencies for banking, securities and insurance supervision.

48p truongdoan 10-11-2009 124 26   Download

This paper examines how corporate financial structure shapes the impact of a financial crisis on the real sector by way of its effects on flows of funds and on corporate real expenditures. It is one of the first papers to utilize extensive cross-country flow and balance sheet data and also to examine subcomponents of GDP in the wake of banking and currency crises rather than focusing exclusively on aggregate GDP.

49p truongdoan 10-11-2009 201 53   Download