Back Matter

Back Matter

Author(s):
International Monetary Fund. Western Hemisphere Dept.
Published Date:
November 2011
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    New Publications from the Western Hemisphere Department, January 2010–August 2011

    1. IMF Working Papers

    WP/11/199 – Shocks, Financial Dependence, and Efficiency: Evidence from U.S. and Canadian Industries, by Marcello Estevão and Tiago Severo.

    WP/11/197 – External Adjustment and the Global Crisis, by Philip R. Lane and Gian Maria Milesi-Ferretti.

    WP/11/191 – Home Sweet Home: Government’s Role in Reaching the American Dream, by Evridiki Tsounta.

    WP/11/165 – Foreign Exchange Intervention: A Shield against Appreciation Winds? by Gustavo Adler and Camilo E. Tovar.

    WP/11/159 – Policy Instruments to Lean against the Wind in Latin America, by Gilbert Terrier, Rodrigo O. Valdés, Camilo E. Tovar Mora, Jorge A. Chan Lau, Carlos Fernandez Valdovinos, Mercedes Garcia-Escribano, Carlos I. Medeiros, Man-Keung Tang, Mercedes Vera Martin, and W. Christopher Walker.

    WP/11/157 – The Dynamic Implications of Debt Relief for Low-Income Countries, by Alma Lucia Romero-Barrutieta, Ales Bulir, and Jose Daniel Rodriguez-Delgado.

    WP/11/105 – Has the Great Recession Raised U.S. Structural Unemployment? by Marcello M. Estevão and Evridiki Tsounta.

    WP/11/92 – International Mutual Funds, Capital Flow Volatility, and Contagion—A Survey, by Gaston Gelos.

    WP/11/84 – The Dynamics of the Term Structure of Interest Rates in the United States in Light of the Financial Crisis of 2007–10, by Carlos I. Medeiros and Marco Rodriguez Waldo.

    WP/11/72 – An Analysis of U.S. Fiscal and Generational Imbalances: Who Will Pay and How? by Nicoletta Batini, Giovanni Callegari, and Julia Guerreiro.

    WP/11/58 – Creditless Recoveries, by Abdul Abiad, Giovanni Dell’Ariccia, and Bin (Grace) Li.

    WP/11/44 – Sovereign Credit Ratings and Spreads in Emerging Markets: Does Investment Grade Matter?, by Michelle Tejada and Laura Jaramillo.

    WP/11/32 – Recession and Policy Transmission to Latin American Tourism: Does Expanded Travel to Cuba Offset Crisis Spillovers? by Andrew M. Wolfe and Rafael Romeu.

    WP/11/17 – Strengthening Chile’s Rule-Based Fiscal Framework, by Teresa Dabán-Sánchez.

    WP/11/14 – Interpreting Currency Movements during the Crisis: What’s the Role of Interest Rate Differences? by Thomas Dowling and Nicoletta Batini.

    WP/11/10 – What Is Driving Financial De-dollarization in Latin America? by Mercedes Garcia-Escribano and Sebastián Sosa.

    WP/11/2 – The Chilean Output Gap, by Nicolas E. Magud and Leandro Medina.

    WP/10/292 – Weathering the Global Storm: The Benefits of Monetary Policy Reform in the LA5 Countries, by Jorge Iván Canales Kriljenko, Luis Ignacio Jácome, Ali Alichi, and Ivan Luis de Oliveira Lima.

    WP/10/279 – A Note on Terms of Trade Shocks and the Wage Gag, by David O. Coble Fernandez and Nicolas E. Magud.

    WP/10/271 – When and Why Worry about Real Exchange Rate Appreciation? The Missing Link between Dutch Disease and Growth, by Nicolas E. Magud and Sebastián Sosa.

    WP/10/248 – Structural Breaks in Fiscal Performance: Did Fiscal Responsibility Laws Have Anything to Do with Them? by Carlos Caceres, Ana Corbacho, and Leandro Medina.

    WP/10/241 – On the Distributive Effects of Terms of Trade Shocks: The Role of Non-tradable Goods, by Sebastian Galiani, Daniel Heymann, and Nicolas E. Magud.

    WP/10/192 – The Dynamic Effects of Commodity Prices on Fiscal Performance in Latin America, by Leandro Medina.

    WP/10/169 – Peru: Drivers of De-dollarization, by Mercedes Garcia-Escribano.

    WP/10/168 – Does Procyclical Fiscal Policy Reinforce Incentives to Dollarize Sovereign Debt? by Anastasia Guscina, Anna Ilyina, and Herman Kamil.

    WP/10/117 – Determinants of Investment Grade Status in Emerging Markets, by Laura Jaramillo.

    WP/10/108 – The Global Financial Crisis and Its Impact on the Chilean Banking System, by Jorge A. Chan-Lau.

    WP/10/107 – Balance Sheet Network Analysis of Too-Connected-to-Fail Risk in Global and Domestic Banking Systems, by Jorge A. Chan-Lau.

    WP/10/102 – The Global Credit Crunch and Foreign Banks’ Lending to Emerging Markets: Why Did Latin America Fare Better? by Herman Kamil and Kulwant Rai.

    WP/10/98 – Regulatory Capital Charges for Too-Connected-to-Fail Institutions: A Practical Proposal, by Jorge A. Chan-Lau.

    WP/10/86 – The Embodiment of Intangible Investment Goods: A Q-Theory Approach, by Nazim Belhocine.

    WP/10/62 – The U.S. Federal Debt Outlook: Reading the Tea Leaves, by Oya Celasun and Geoffrey Keim.

    WP/10/60 – The Influence of “Big Brothers”: How Important Are Regional Factors for Uruguay? by Sebastián Sosa.

    WP/10/59 – Caribbean Bananas: The Macroeconomic Impact of Trade Preference Erosion, by Paul Cashin, Cleary Haines, and Montfort Mlachila.

    WP/10/54 – Precautionary Reserves: An Application to Bolivia, by Fabian Valencia.

    WP/10/43 – Current Account Balance Estimates for Emerging Market Economies, by Leandro Medina, Jordi Prat, and Alun Thomas.

    WP/10/42 – Informal Labour and Credit Markets: A Survey, by Nicoletta Batini, Young-Bae Kim, Paul Levine, and Emanuela Lotti.

    WP/10/35 – Spillovers to Central America in Light of the Crisis: What a Difference a Year Makes, by Andrew Swiston.

    WP/10/23 – Financial Shocks and TFP Growth, by Marcello Estevão and Tiago Severo.

    WP/10/13 – Canada’s Potential Growth: Another Victim of the Crisis? by Marcello Estevão and Evridiki Tsounta.

    WP/10/5 – The Impact of the Global Crisis on Canada: What Do Macro-financial Linkages Tell Us? by Rupa Duttagupta and Natalia Barrera.

    WP/10/3 – Investment by Large Firms in Argentina, by Alvaro Piris.

    WP/10/2 – Public Debt Sustainability and Management in a Compound Option Framework, by Jorge A. Chan-Lau and Andre Santos.

    WP/10/1 – Post-crisis Bank Behavior: Lessons from Mercosur, by Sarah Sanya and Montfort Mlachila.

    2. Selected Issues Papers

    Barbados

    • Growth Dynamics, by Gamal El-Masry and Lulu Shui.

    • External Stability, by John Ralyea.

    • Barbados’ Financial System in the Aftermath of the Global Crisis, by Carla Macario.

    Bolivia

    • Hydrocarbon Revenue SharingArrangements, by Fabian Bornhorst.

    • Precautionary Reserves: An Application to Bolivia, by Fabian Valencia.

    Canada

    • The Post-crisis Canadian Housing Market, by Evridiki Tsounta.

    • Interpreting Canada’s Currency Movements during the Crisis, by Nicoletta Batini and Thomas Dowling.

    • Canada’s Potential Growth: A Post-crisis Assessment, by Evridiki Tsounta.

    • The Bumpy Road Ahead for North American Automakers, by Nicoletta Batini, Grace Bin Li, and John Dowling.

    • Canada’s Housing Finance System: Policy Backdrop, by John Kiff.

    • Canadian Banks and the Credit Turmoil, by Lev Ratnovski and Rocco Huang.

    • Canadian Residential Mortgage Markets: Boring But Effective? by John Kiff.

    • How Do Commodity Prices Affect Economic Slumps in Commodity Exporters? by Rupa Duttagupta.

    • Is the Canadian Housing Market Overvalued? A Tale of Two Regions, by Evridiki Tsounta.

    • The Impact of Global Shocks on Canada—What Do Macro-financial Linkages Tell Us? by Rupa Duttagupta and Natalia Barrera.

    Caribbean

    • Growth in the ECCU: What Went Wrong and Can It Be Fixed? by Nita Thacker, Sebastian Acevedo, Joong Shik Kang, Roberto Perrelli, and Melesse Tashu.

    • Public Debt in ECCU Countries, by Arnold Mclntyre and Sumiko Ogawa.

    • Rationalizing Public Expenditure in the ECCU, by Shamsuddin Tareq, Alejandro Simone, Koffie Nassar, and Arina Viseth.

    • Insurance against Natural Disasters in the Caribbean, by Yu Ching Wong, Anthony Lemus, and Nancy Wagner.

    • Risk Analysis of Public Debt in the Caribbean: A “Fan-Chart” Approach, by Koffie Nassar and Catherine Pattillo.

    Chile

    • Assessment of Real Exchange Rate and External Competitiveness, by Jiri Podpiera and Yi Wu.

    • Capital Inflows, Exchange Rate Flexibility, and Domestic Credit, by Nicholas Magud.

    • Do Dynamic Provisions Enhance Bank Solvency and Reduce Credit Procyclicality? A Study of the Chilean Banking System, by Jorge A. Chan-Lau.

    • Strengthening Chile’s Rule-Based Fiscal Framework, by Teresa Dabán-Sánchez.

    • Too-Connected-to-Fail Risk in the Chilean Banking System: A Balance Sheet Network Analysis, by Jorge A. Chan-Lau.

    • A Note on Terms of Trade Shocks and the Wage Gap, by Nicolas Magud.

    • Revisiting the Estimation of the Chilean Output Gap, by Nicolas Magud and Leandro Medina.

    • A Longer-Term Approach to Fiscal Policy in Chile, by Borja Gracia, Gabriel Di Bella, and Martin Cerisola.

    • Investment-Specific Productivity Growth: Chile in a Global Perspective, by Gabriel Di Bella and Martin Cerisola.

    • The Global Financial Turmoil and Its Impact on Chilean Banks, by Jorge Chan-Lau.

    Colombia

    • An Assessment of Financial Sector Indicators for the Colombian Corporate Sector, by Mercedes Vera Martin.

    • Are Capital Controls Effective in the 21st Century? The Recent Experience of Colombia, by Benedict J. Clements and Herman Kamil.

    • Determinants of Investment Grade Status and Implications for Colombia’s Public Debt, by Laura Jaramillo.

    • Does Financial Soundness Affect Credit Growth? by Iva Petrova and Enrique Flores.

    • Monetary and Fiscal Policy Options for Dealing with External Shocks: Insights from the GIMF for Colombia, by Benedict J. Clements, Enrique Flores, and Daniel Leigh.

    • The Colombian Banking Sector—A Contingent Claims Analysis, by Marcos Souto and Lisandro Abrego.

    Guyana

    • The Impact of the Global Crisis and Policy Response, by Magda Kandil.

    • The Impact of the EU Sugar Trade Preferences and Their Erosion, by Felix Eschenbach.

    • Assessing the Fiscal Structural Stance, by Carla Macario.

    Mexico

    • Potential Growth and the Output Gap in Mexico, by Enrique Flores and Francisco Vazquez-Ahued.

    • Estimating Default Frequences and Macrofinancial Linkages in the Mexican Banking System, by Rodolphe Blavy and Marcos Souto.

    • Exchange Rate Exposure of the Mexican Corporate Sector: Progress and Remaining Vulnerabilities, by Herman Kamil and W. Christopher Walker.

    • Expanding the Regulatory Perimeter: The Case of Sofoles and Sofomes, by Jose Giancarlo Gasha.

    • Labor Market Informality and Macroeconomic Performance, by Kristin Magnusson Bernard.

    • Reforming the Fiscal Framework: Budget Rules and Fiscal Risks, by Geremia Palomba.

    • The Global Crisis and Potential Growth in Mexico, by Kornelia Krajnyak.

    Panama

    • Benefits from Attaining Investment Grade Status and Implications for Panama, by Mario Dehesa.

    • Macro-financial Linkages in Panama, by Juliana Araujo and Kristin Magnusson.

    Paraguay

    • Potential Output Growth in Spillovers from Agriculture, by Santiago Acosta-Ormaechea.

    • Bank Excess Reserves in Paraguay—Determinants and Implications, by Teresa Dabán-Sánchez.

    • Assessing the Appropriateness of Monetary and Fiscal Policies in an Adverse External Environment, by Montfort Mlachila and Brieuc Monfort.

    • Financial Sector Issues: Advances in the Implementation of the Financial Sector Assessment Program Recommendations, by Sylwia Nowak.

    • Paraguay’s Tax System in a Regional Perspective, by Ernesto Crivelli.

    • Post-crisis Behavior of Banks in Mercosur, by Sarah O. Sanya and Montfort Mlachila.

    • Sustainable Management of Revenues from Itaipu, by Teresa Dabán-Sánchez and Walter Zarate.

    • The Monetary Policy Transmission Mechanism in Paraguay, by Santiago Acosta-Ormaechea and Teresa Dabán-Sánchez.

    Peru

    • Balance Sheet Vulnerabilities in a Dollarized Economy, by Maria Gonzalez.

    • Credit Growth: Anatomy and Policy Responses, by Luis Breuer, Jose Gasha, Giancarlo Peschiera, and Juan Alonso Perez-Salmon.

    • Disentangling the Motives for Foreign Exchange Intervention in Peru, by Maria Gonzalez.

    • Drivers of De-dollarization, by Mercedes Garcia-Escribano.

    • Macroeconomic Stability and the Role of Fiscal Policy, by Daniel Leigh.

    • Performance of Alternative Fiscal Rules: An Application to Peru, by Isabel Rial.

    • Potential Growth and Output Gap in Peru, by Leandro Medina.

    • Progress in Strengthening Peru’s Prudential Framework, by Patrick Amir Imam and Jose Giancarlo Gasha.

    • Regional Disparities and Public Transfers, by Mercedes Garcia-Escribano.

    • What to Expect When You Are Expecting…Large Capital Inflows? Lessons from Cross-Country Experiences, by Mercedes Vera Martin.

    Uruguay

    • Assessing the Structural Fiscal Stance, by Manuel Rosales Torres.

    • Transmission of Policy Rates in Uruguay: A Cross-Country Perspective, by Santiago Acosta-Ormaechea.

    • Commodity Prices, Growth and the Fiscal Position in Uruguay, by Rita Babihuga.

    • Dynamic Loan Loss Provisioning in Uruguay, by Torsten Wezel.

    • Exchange Rate and Competitiveness Assessment, by Felipe Zanna.

    • How Important Are Regional Factors for Uruguay? by Sebastián Sosa.

    United States

    • The Great Recession and Structural Unemployment, by Thomas Dowling, Marcello Estevão, and Evridiki Tsounta.

    • Prospects for the U.S. Household Saving Rate, by Martin Sommer.

    • Production and Jobs: Can We Have One without the Other? by Nicoletta Batini, Marcello Estevão, and Geoff Keim.

    • The Financing of U.S. Federal Budget Deficits, by Oya Celasun and Martin Sommer.

    • The U.S. Government’s Role in Reaching the American Dream, by Evridiki Tsounta.

    • The U.S. Fiscal Gap: Who Will Pay and How? by Nicoletta Batini, Giovanni Callegari, and Julia Guerreiro.

    • Spillovers from U.S. Federal Debt Issuance: The Case of Emerging Market Sovereign Borrowing, by Oya Celasun.

    • Strategic Priorities for the Reform of U.S. Financial Regulation, by Ashok Bhatia, Andrea Maechler, and Paul Mills.

    • The U.S. Federal Debt Outlook: A Stochastic Simulation Approach, by Oya Celasun and Geoffrey Keim.

    • U.S. Potential Growth in the Aftermath of the Crisis, by Natalia Barrera, Marcello Estevao, and Geoffrey Keim.

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