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The Output Decline in the Aftermath of Reform

The Output Decline in the Aftermath of Reform »

Source: The Output Decline in the Aftermath of Reform : The Cases of Bulgaria, Czechoslovakia, and Romania

Volume/Issue: 1992/59

Series: IMF Working Papers

Author(s): Jonathan Ostry , Eduardo Borensztein , and Dimitri Demekas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1992

ISBN: 9781451965711

Keywords: correlations, correlation, equation, price liberalization, dummy variables

This paper analyzes the declines in economic activity experienced by Bulgaria, the Czech and Slovak Federal Republic (CSFR), and Romania in the period since the initiation of market-oriented reforms in these countr...

Economic Reform and Structural Adjustment in East European Industry

Economic Reform and Structural Adjustment in East European Industry »

Source: Economic Reform and Structural Adjustment in East European Industry

Volume/Issue: 1994/80

Series: IMF Working Papers

Author(s): Eduardo Borensztein , and Jonathan Ostry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1994

ISBN: 9781451955507

Keywords: equation, dummy variables, trade liberalization, statistic, statistical significance

A consistent set of disaggregated industrial output data for four Eastern European countries is examined In order to determine the extent to which structural adjustment has taken place since the initiation of marke...

Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA1/

Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA1/ »

Source: Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA

Volume/Issue: 1995/109

Series: IMF Working Papers

Author(s): Tamim Bayoumi , and Barry Eichengreen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1995

ISBN: 9781451853155

Keywords: trade diversion, dummy variables, trade creation, free trade, equation

This paper considers the impact on trade of preferential arrangements in Europe since the 1950s. Using a first difference version of the gravity model, we find that the EEC and EFTA altered the pattern of internati...

Public Policies and Private Savings and Investment in Sub-Saharan Africa

Public Policies and Private Savings and Investment in Sub-Saharan Africa »

Source: Public Policies and Private Savings and Investment in Sub-Saharan Africa : An Empirical Investigation

Volume/Issue: 1995/19

Series: IMF Working Papers

Author(s): Dhaneshwar Ghura , and Michael Hadjimichael

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1995

ISBN: 9781451922523

Keywords: private investment, standard deviation, equation, dummy variables, correlation

This paper assesses empirically the role of public policies in stimulating private savings and investment in sub-Saharan African countries, based on data for the period 1986-92. The main findings of the analysis ar...

The Demand for M1 in the United States

The Demand for M1 in the United States »

Source: The Demand for M1 in the United States : A Commenton Baba, Hendry, and Starr

Volume/Issue: 1993/24

Series: IMF Working Papers

Author(s): James Boughton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1993

ISBN: 9781451920963

Keywords: equation, money demand, equations, dummy variable, monetary fund

A recent paper by Baba, Hendry, and Starr presents an error-correction model of the demand for M1 in the United States, which shows a dramatic improvement in both fit and stability over earlier models. This note es...

Complex Ownership Structures and Corporate Valuations

Complex Ownership Structures and Corporate Valuations »

Source: Complex Ownership Structures and Corporate Valuations

Volume/Issue: 2007/140

Series: IMF Working Papers

Author(s): Luc Laeven , and Ross Levine

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2007

ISBN: 9781451867046

Keywords: Large shareholders, Blockholders, shareholder, shareholders, corporate valuations, dummy variable,

The bulk of corporate governance theory examines the agency problems that arise from two extreme ownership structures: 100 percent small shareholders or one large, controlling owner combined with small shareholders...

Financial Market Contagion in the Asian Crisis1

Financial Market Contagion in the Asian Crisis1 »

Source: Financial Market Contagion in the Asian Crisis

Volume/Issue: 1998/155

Series: IMF Working Papers

Author(s): Taimur Baig , and Ilan Goldfajn

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1998

ISBN: 9781451857283

Keywords: Contagion, Asian Crises, Financial Markets, news, correlations, correlation, dummy variables, significance level

This paper tests for evidence of contagion between the financial markets of Thailand, Malaysia, Indonesia, Korea, and the Philippines. Cross-country correlations among currencies and sovereign spreads are found to...

Liberalization and the Behavior of Output During the Transition From Plan to Market

Liberalization and the Behavior of Output During the Transition From Plan to Market »

Source: Liberalization and the Behavior of Output During the Transition From Plan to Market

Volume/Issue: 1997/53

Series: IMF Working Papers

Author(s): Ernesto Hernández-Catá

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1997

ISBN: 9781451969979

Keywords: Output, Liberalization, Transition, equation, equations, dummy variables, economic liberalization, full liberalization

This paper deals with liberalization and the evolution of output during the transition from plan to market. It explains why strong liberalization leads to a comparatively steep fall in output early in the transitio...

Currency Unions, Economic Fluctuations, and Adjustment

Currency Unions, Economic Fluctuations, and Adjustment »

Source: Currency Unions, Economic Fluctuations, and Adjustment : Some New Empirical Evidence

Volume/Issue: 1996/81

Series: IMF Working Papers

Author(s): Eswar Prasad , and Tamim Bayoumi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1996

ISBN: 9781451955163

Keywords: Currency unions, economic fluctuations, labor market adjustment, labor market, dummy variables, explanatory power, labor markets

This paper examines the sources of disturbances to output in the United States and a set of EU countries and analyzes labor market adjustment mechanisms in these two economic areas. Comparable datasets comprising 1...

Informality and Bank Credit

Informality and Bank Credit »

Source: Informality and Bank Credit : Evidence from Firm-Level Data

Volume/Issue: 2008/94

Series: IMF Working Papers

Author(s): Junko Koeda , and Era Dabla-Norris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2008

ISBN: 9781451869552

Keywords: informality, business environment, Transition countries, dummy variable, working capital, survey, probability,

The paper relies on a firm-level data on transition economies to examine the relationship between informality and bank credit. We find evidence that informality is robustly and significantly associated with lower a...