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Are Africa’s Currency Unions Good for Trade?

Are Africa’s Currency Unions Good for Trade? »

Source: IMF Staff Papers, Volume 56, No. 4

Volume: 56

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2009

ISBN: 9781589069107

Keywords: sovereign default, sovereign debt, external debt, sovereign defaults, current account

This paper empirically evaluates four types of costs that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the finan...

Assessing Eastern Europe’s Capital Needs

Assessing Eastern Europe’s Capital Needs »

Source: IMF Staff papers : Volume 39 No. 4

Volume: 39

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1992

ISBN: 9781451930825

Keywords: international monetary fund, exchange rate, trade liberalization, external debt, foreign exchange

Common issues emerging from the recent experience with IMF-supported programs in Hungary, Poland, Czechoslovakia, Bulgaria, and Romania are analyzed. These comprise the initial price overshooting and output collaps...

Asymmetry in the ERM: A Case Study of French and German Interest Rates Before and After German Unification

Asymmetry in the ERM: A Case Study of French and German Interest Rates Before and After German Unification »

Source: IMF Staff papers : Volume 40 No. 2

Volume: 40

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1993

ISBN: 9781451947137

Keywords: indexation, debt, public debt, government expenditure, interest rate

The relationship between the degree of wage indexation chosen by private agents and the degree of public debt indexation chosen by the government is examined. It is shown that the government is likely to increase p...

Bank Insolvency and Stabilization in Eastern Europe

Bank Insolvency and Stabilization in Eastern Europe »

Source: IMF Staff papers : Volume 39 No. 4

Volume: 39

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1992

ISBN: 9781451930825

Keywords: international monetary fund, exchange rate, trade liberalization, external debt, foreign exchange

Common issues emerging from the recent experience with IMF-supported programs in Hungary, Poland, Czechoslovakia, Bulgaria, and Romania are analyzed. These comprise the initial price overshooting and output collaps...

Budget Deficits and Interest Rates Reply to Spiro

Budget Deficits and Interest Rates Reply to Spiro »

Source: IMF Staff papers : Volume 37 No. 4

Volume: 37

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1990

ISBN: 9781451930788

Keywords: interest, interest rates, interest rate, central bank, debt

The transition strategy from administratively set interest rates to market rates is discussed. Despite worldwide trends toward financial liberalization, few monetary authorities are prepared to accept as reasonable...

Budget Deficits Under Alternative Tax Systems International Effects

Budget Deficits Under Alternative Tax Systems International Effects »

Source: IMF Staff papers : Volume 35 No. 2

Volume: 35

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1988

ISBN: 9781451947021

Keywords: debt, debtor, bonds, external debt

It has been argued that “buy-backs” and “debt-equity swaps” allow developing countries to benefit from market discounts on their external debt. It is argued here, however, that if such p...

Buy-Backs and Market Valuation of External Debt

Buy-Backs and Market Valuation of External Debt »

Source: IMF Staff papers : Volume 35 No. 2

Volume: 35

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1988

ISBN: 9781451947021

Keywords: debt, debtor, bonds, external debt

It has been argued that “buy-backs” and “debt-equity swaps” allow developing countries to benefit from market discounts on their external debt. It is argued here, however, that if such p...

Capital Flight: A Response to Differences in Financial Risks

Capital Flight: A Response to Differences in Financial Risks »

Source: IMF Staff papers : Volume 35 No. 3

Volume: 35

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1988

ISBN: 9781451972986

Keywords: debt, debt relief, debtor country, debtor countries, interest

The proposal to set up an international debt facility to buy the debt of developing countries at a discount and then mark down its contractual value is analyzed. The paper considers the central question of how the...

Comment on “International Financial Integration”

Comment on “International Financial Integration” »

Source: IMF Staff Papers, Volume 50, Special Issue, IMF Third Annual Research Conference

Volume: 50

Series: IMF Staff Papers

Author(s): Robert Flood

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 August 2003

ISBN: 9781589062047

Keywords: exchange rate, central bank, international reserves, public debt, international monetary fund

The paper discusses a model in which growth is a negative function of fiscal burden. Moreover, growth discontinuously switches from high to low as the fiscal burden reaches a critical level. The paper provides an o...

Comment on “IS-LM-BP in the Pampas”

Comment on “IS-LM-BP in the Pampas” »

Source: IMF Staff Papers, Volume 50, Special Issue, IMF Third Annual Research Conference

Volume: 50

Series: IMF Staff Papers

Author(s): Robert Flood

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 August 2003

ISBN: 9781589062047

Keywords: exchange rate, central bank, international reserves, public debt, international monetary fund

The paper discusses a model in which growth is a negative function of fiscal burden. Moreover, growth discontinuously switches from high to low as the fiscal burden reaches a critical level. The paper provides an o...