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Global Smartphones Sales May Have Peaked

Global Smartphones Sales May Have Peaked »

Source: Global Smartphones Sales May Have Peaked

Volume/Issue: 2020/70

Series: IMF Working Papers

Author(s): Joannes Mongardini , and Aneta Radzikowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2020

ISBN: 9781513545851

Keywords: Economic integration, Service exports, Economic analysis, Developing countries, Capital stocks, global supply chains, global trade, tech cycle, WP, replacement cycle

Global smartphone sales may have peaked. After reaching nearly 1.5 billion units in 2016, global smartphone sales have since declined, contributing negatively to world trade in 2019 and suggesting that the global m...

Global Smartphones Sales May Have Peaked

Global Smartphones Sales May Have Peaked »

Volume/Issue: 2020/70

Series: IMF Working Papers

Author(s): Joannes Mongardini , and Aneta Radzikowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2020

DOI: http://dx.doi.org/10.5089/9781513545851.001

ISBN: 9781513545851

Keywords: Economic integration, Service exports, Economic analysis, Developing countries, Capital stocks, global supply chains, global trade, tech cycle, WP, replacement cycle

Global smartphone sales may have peaked. After reaching nearly 1.5 billion units in 2016, global smartphone sales have since declined, contributing negatively to world trade in 2019 and suggesting that the global m...

The African Continental Free Trade Area: Potential Economic Impact and Challenges

The African Continental Free Trade Area: Potential Economic Impact and Challenges »

Source: The African Continental Free Trade Area: Potential Economic Impact and Challenges

Volume/Issue: 2020/4

Series: Staff Discussion Notes

Author(s): Lisandro Abrego , Mario de Zamaroczy , Tunc Gursoy , Garth Nicholls , Hector Perez-Saiz , and Jose-Nicolas Rosas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2020

ISBN: 9781513542379

Keywords: General equilibrium models, Trade barriers, Structural adjustment, Welfare, Forecasting models, Trade negotiations, Economic integration, Open economies, International trade agreements, Trade finance

Political momentum towards Africa-wide free trade has been intensifying. In March 2018, over 40 countries signed the African Continental Free Trade Area (AfCFTA) agreement. Once fully implemented, the AfCFTA is exp...

The African Continental Free Trade Area: Potential Economic Impact and Challenges

The African Continental Free Trade Area: Potential Economic Impact and Challenges »

Volume/Issue: 2020/4

Series: Staff Discussion Notes

Author(s): Lisandro Abrego , Mario de Zamaroczy , Tunc Gursoy , Garth Nicholls , Hector Perez-Saiz , and Jose-Nicolas Rosas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2020

DOI: http://dx.doi.org/10.5089/9781513542379.006

ISBN: 9781513542379

Keywords: General equilibrium models, Trade barriers, Structural adjustment, Welfare, Forecasting models, Trade negotiations, Economic integration, Open economies, International trade agreements, Trade finance

Political momentum towards Africa-wide free trade has been intensifying. In March 2018, over 40 countries signed the African Continental Free Trade Area (AfCFTA) agreement. Once fully implemented, the AfCFTA is exp...

Competition, Competitiveness and Growth in Sub-Saharan Africa

Competition, Competitiveness and Growth in Sub-Saharan Africa »

Source: Competition, Competitiveness and Growth in Sub-Saharan Africa

Volume/Issue: 2020/30

Series: IMF Working Papers

Author(s): Reda Cherif , Sandesh Dhungana , Xiangming Fang , Jesus Gonzalez-Garcia , Yuanchen Yang , Mustafa Yenice , and Jung Eun Yoon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 February 2020

ISBN: 9781513526379

Keywords: Economic integration, Trade policy, Global competitiveness, Total factor productivity, International trade agreements, Markups, Market Power, Competition, Sub-Saharan Africa, WP

Does greater product market competition improve external competitiveness and growth? This paper examines this question by using country-and firm-level data for a sample of 39 sub-Saharan African countries over 2000...

Competition, Competitiveness and Growth in Sub-Saharan Africa

Competition, Competitiveness and Growth in Sub-Saharan Africa »

Volume/Issue: 2020/30

Series: IMF Working Papers

Author(s): Reda Cherif , Sandesh Dhungana , Xiangming Fang , Jesus Gonzalez-Garcia , Yuanchen Yang , Mustafa Yenice , and Jung Eun Yoon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 February 2020

DOI: http://dx.doi.org/10.5089/9781513526379.001

ISBN: 9781513526379

Keywords: Economic integration, Trade policy, Global competitiveness, Total factor productivity, International trade agreements, Markups, Market Power, Competition, Sub-Saharan Africa, WP

Does greater product market competition improve external competitiveness and growth? This paper examines this question by using country-and firm-level data for a sample of 39 sub-Saharan African countries over 2000...

5 Conclusions, Challenges, and Opportunities

5 Conclusions, Challenges, and Opportunities »

Source: IEO Evaluation Report : IMF Involvement in International Trade Policy Issues

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2020

ISBN: 9781513522203

Keywords: Trade policy, Trading systems, International trade agreements, International trade, Development policy, Trade, IMF, multilateralism, surveillance, advocacy.

The IMF deserves considerable credit for responding in an active and timely manner to the growing stresses on the multilateral trade system in recent years. Most of the recommendati...

IEO Evaluation Report
			: IMF Involvement in International Trade Policy Issues

IEO Evaluation Report : IMF Involvement in International Trade Policy Issues »

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2020

DOI: http://dx.doi.org/10.5089/9781513522203.017

ISBN: 9781513522203

Keywords: Trade policy, Trading systems, International trade agreements, International trade, Development policy, Trade, IMF, multilateralism, surveillance, advocacy.

This report updates the 2009 IEO evaluation of IMF Involvement in International Trade Policy Issues. Since then, the composition and structure of international trade have evolved, but trade has not regained its for...

Back Matter

Back Matter »

Source: IEO Evaluation Report : IMF Involvement in International Trade Policy Issues

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2020

ISBN: 9781513522203

Keywords: Trade policy, Trading systems, International trade agreements, International trade, Development policy, Trade, IMF, multilateralism, surveillance, advocacy.

This report updates the 2009 IEO evaluation of IMF Involvement in International Trade Policy Issues. Since then, the composition and structure of international trade have evolved, but trade has not regained its for...

Front Matter

Front Matter »

Source: IEO Evaluation Report : IMF Involvement in International Trade Policy Issues

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2020

ISBN: 9781513522203

Keywords: Trade policy, Trading systems, International trade agreements, International trade, Development policy, Trade, IMF, multilateralism, surveillance, advocacy.

This report updates the 2009 IEO evaluation of IMF Involvement in International Trade Policy Issues. Since then, the composition and structure of international trade have evolved, but trade has not regained its for...

3 International Trade and Trade Policy Issues: A Decade of Change

3 International Trade and Trade Policy Issues: A Decade of Change »

Source: IEO Evaluation Report : IMF Involvement in International Trade Policy Issues

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2020

ISBN: 9781513522203

Keywords: Trade policy, Trading systems, International trade agreements, International trade, Development policy, Trade, IMF, multilateralism, surveillance, advocacy.

The 2009 evaluation was published in the midst of the global financial crisis (GFC), and an associated sudden, severe, and synchronized collapse in international trade. After decade...

1 Introduction

1 Introduction »

Source: IEO Evaluation Report : IMF Involvement in International Trade Policy Issues

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2020

ISBN: 9781513522203

Keywords: Trade policy, Trading systems, International trade agreements, International trade, Development policy, Trade, IMF, multilateralism, surveillance, advocacy.

The Independent Evaluation Office (IEO) completed an evaluation of IMF Involvement in International Trade Policy Issues in 2009. The evaluation was published at a time when global t...

4 Ten Years of IMF Trade-Related Work: An Assessment

4 Ten Years of IMF Trade-Related Work: An Assessment »

Source: IEO Evaluation Report : IMF Involvement in International Trade Policy Issues

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2020

ISBN: 9781513522203

Keywords: Trade policy, Trading systems, International trade agreements, International trade, Development policy, Trade, IMF, multilateralism, surveillance, advocacy.

The consequences of all the changes summarized in Chapter 3 for the Fund’s engagement in trade policy have been both diverse and far-reaching. They have prompted new and increasing...

2 The 2009 Evaluation: Key Findings and Recommendations

2 The 2009 Evaluation: Key Findings and Recommendations »

Source: IEO Evaluation Report : IMF Involvement in International Trade Policy Issues

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2020

ISBN: 9781513522203

Keywords: Trade policy, Trading systems, International trade agreements, International trade, Development policy, Trade, IMF, multilateralism, surveillance, advocacy.

The 2009 evaluation found that, starting in the early 2000s, the Fund had scaled back its involvement in trade policy issues for several reasons. Externally, these included a long p...

Productivity Growth and Value Chains in Four European Countries

Productivity Growth and Value Chains in Four European Countries »

Volume/Issue: 2020/18

Series: IMF Working Papers

Author(s): Izabela Karpowicz , and Nujin Suphaphiphat

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 January 2020

DOI: http://dx.doi.org/10.5089/9781513527918.001

ISBN: 9781513527918

Keywords: Total factor productivity, Real sector, Gross domestic product, Labor productivity, Financial crises, Productivity, firms, GVC, WP, TFP

Advanced economies have been witnessing a pronounced slowdown of productivity growth since the global financial crisis that is accompanied in recent years by a withdrawal from trade integration processes. We study...

Productivity Growth and Value Chains in Four European Countries

Productivity Growth and Value Chains in Four European Countries »

Source: Productivity Growth and Value Chains in Four European Countries

Volume/Issue: 2020/18

Series: IMF Working Papers

Author(s): Izabela Karpowicz , and Nujin Suphaphiphat

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 January 2020

ISBN: 9781513527918

Keywords: Total factor productivity, Real sector, Gross domestic product, Labor productivity, Financial crises, Productivity, firms, GVC, WP, TFP

Advanced economies have been witnessing a pronounced slowdown of productivity growth since the global financial crisis that is accompanied in recent years by a withdrawal from trade integration processes. We study...

Bridging the Mobile Digital Divide in Sub-Saharan Africa: Costing under Demographic Change and Urbanization1

Bridging the Mobile Digital Divide in Sub-Saharan Africa: Costing under Demographic Change and Urbanization1 »

Source: Bridging the Mobile Digital Divide in Sub-Saharan Africa: Costing under Demographic Change and Urbanization

Volume/Issue: 2019/249

Series: IMF Working Papers

Author(s): Emre Alper , and Michal Miktus

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

ISBN: 9781513519197

Keywords: Economic integration, Economic growth, Nonmetropolitan areas, Demographic transition, Population growth, Digitalization, 5G cellular network, Demographics, Urbanization, WP

Digital connectivity, including through the modern cellular network technologies, is expected to play a key role for the Future of Work in sub-Saharan Africa (SSA). We estimate the cost of introducing a full-scale...

Bridging the Mobile Digital Divide in Sub-Saharan Africa: Costing under Demographic Change and Urbanization

Bridging the Mobile Digital Divide in Sub-Saharan Africa: Costing under Demographic Change and Urbanization »

Volume/Issue: 2019/249

Series: IMF Working Papers

Author(s): Emre Alper , and Michal Miktus

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2019

DOI: http://dx.doi.org/10.5089/9781513519197.001

ISBN: 9781513519197

Keywords: Economic integration, Economic growth, Nonmetropolitan areas, Demographic transition, Population growth, Digitalization, 5G cellular network, Demographics, Urbanization, WP

Digital connectivity, including through the modern cellular network technologies, is expected to play a key role for the Future of Work in sub-Saharan Africa (SSA). We estimate the cost of introducing a full-scale...

The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus1

The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus1 »

Source: The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus

Volume/Issue: 2019/244

Series: IMF Working Papers

Author(s): Pragyan Deb , Albe Gjonbalaj , and Swarnali Hannan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513516097

Keywords: Accounting, Aging, Assets, Balance of trade, Bank deposits, Bilateral trade, Bonds, Capital, Capital account, Capital flows

China's current account surplus has declined significantly from its peak in 2008 and the external position in 2018 was in line with medium-term fundamentals and desirable policies. While cyclical factors and expans...

The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus

The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus »

Volume/Issue: 2019/244

Series: IMF Working Papers

Author(s): Pragyan Deb , Albe Gjonbalaj , and Swarnali Hannan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

DOI: http://dx.doi.org/10.5089/9781513516097.001

ISBN: 9781513516097

Keywords: Accounting, Aging, Assets, Balance of trade, Bank deposits, Bilateral trade, Bonds, Capital, Capital account, Capital flows

China's current account surplus has declined significantly from its peak in 2008 and the external position in 2018 was in line with medium-term fundamentals and desirable policies. While cyclical factors and expans...

Regional Growth Spillovers in Sub-Saharan Africa

Regional Growth Spillovers in Sub-Saharan Africa »

Volume/Issue: 2019/160

Series: IMF Working Papers

Author(s): Francisco Arizala , Matthieu Bellon , and Margaux MacDonald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2019

DOI: http://dx.doi.org/10.5089/9781498320498.001

ISBN: 9781498320498

Keywords: Globalization, Bilateral trade, Patterns of trade, International trade agreements, External shocks, Growth, Regional Integration, Spillovers, Africa., intra-regional

This paper documents the steady increase in intraregional trade in sub-Saharan Africa since 1980, links this rise to important growth spillovers in the region, and identifies the main source countries and those mos...

Regional Growth Spillovers in Sub-Saharan Africa1

Regional Growth Spillovers in Sub-Saharan Africa1 »

Source: Regional Growth Spillovers in Sub-Saharan Africa

Volume/Issue: 2019/160

Series: IMF Working Papers

Author(s): Francisco Arizala , Matthieu Bellon , and Margaux MacDonald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2019

ISBN: 9781498320498

Keywords: Globalization, Bilateral trade, Patterns of trade, International trade agreements, External shocks, Growth, Regional Integration, Spillovers, Africa., intra-regional

This paper documents the steady increase in intraregional trade in sub-Saharan Africa since 1980, links this rise to important growth spillovers in the region, and identifies the main source countries and those mos...

Internal Trade in Canada: Case for Liberalization

Internal Trade in Canada: Case for Liberalization »

Volume/Issue: 2019/158

Series: IMF Working Papers

Author(s): Jorge Alvarez , Ivo Krznar , and Trevor Tombe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2019

DOI: http://dx.doi.org/10.5089/9781498326650.001

ISBN: 9781498326650

Keywords: International trade agreements, Total factor productivity, Bilateral trade, Comparative advantage, Patterns of trade, Internal trade, gains from trade, input-output linkages, Canada, trade cost

This paper assesses the costs of internal trade barriers and proposes policies to improve internal trade. Estimates suggest that complete liberalization of internal trade in goods can increase GDP per capita by abo...

Internal Trade in Canada: Case for Liberalization1

Internal Trade in Canada: Case for Liberalization1 »

Source: Internal Trade in Canada: Case for Liberalization

Volume/Issue: 2019/158

Series: IMF Working Papers

Author(s): Jorge Alvarez , Ivo Krznar , and Trevor Tombe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2019

ISBN: 9781498326650

Keywords: International trade agreements, Total factor productivity, Bilateral trade, Comparative advantage, Patterns of trade, Internal trade, gains from trade, input-output linkages, Canada, trade cost

This paper assesses the costs of internal trade barriers and proposes policies to improve internal trade. Estimates suggest that complete liberalization of internal trade in goods can increase GDP per capita by abo...

Trade Wars and Trade Deals: Estimated Effects using a Multi-Sector Model

Trade Wars and Trade Deals: Estimated Effects using a Multi-Sector Model »

Volume/Issue: 2019/143

Series: IMF Working Papers

Author(s): Carlos Caceres , Diego Cerdeiro , and Rui Mano

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2019

DOI: http://dx.doi.org/10.5089/9781498318440.001

ISBN: 9781498318440

Keywords: Export restraints, Balance of trade, Patterns of trade, Trade models, International trade agreements, general equilibrium, trade, tariffs, trade tensions, global value chains.

This paper studies the potential long-term effects of three illustrative scenarios using a multi-sector computable general equilibrium (CGE) trade model calibrated to 165 countries. The first scenario estimates eff...

Trade Wars and Trade Deals: Estimated Effects using a Multi-Sector Model1

Trade Wars and Trade Deals: Estimated Effects using a Multi-Sector Model1 »

Source: Trade Wars and Trade Deals: Estimated Effects using a Multi-Sector Model

Volume/Issue: 2019/143

Series: IMF Working Papers

Author(s): Carlos Caceres , Diego Cerdeiro , and Rui Mano

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2019

ISBN: 9781498318440

Keywords: Export restraints, Balance of trade, Patterns of trade, Trade models, International trade agreements, general equilibrium, trade, tariffs, trade tensions, global value chains.

This paper studies the potential long-term effects of three illustrative scenarios using a multi-sector computable general equilibrium (CGE) trade model calibrated to 165 countries. The first scenario estimates eff...

The Price of Capital Goods: A Driver of Investment Under Threat

The Price of Capital Goods: A Driver of Investment Under Threat »

Volume/Issue: 2019/134

Series: IMF Working Papers

Author(s): Weicheng Lian , Natalija Novta , Evgenia Pugacheva , Yannick Timmer , and Petia Topalova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2019

DOI: http://dx.doi.org/10.5089/9781498317429.001

ISBN: 9781498317429

Keywords: Real interest rates, Producer prices, Economic integration, Capital goods, Low-income developing countries, Relative price of investment goods, trade integration, trade barriers, capital deepening, global value chain

Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in advanced and emerging market and developing economies. Using cross-country and sectoral data, we show...

The Price of Capital Goods: A Driver of Investment Under Threat

The Price of Capital Goods: A Driver of Investment Under Threat »

Source: The Price of Capital Goods: A Driver of Investment Under Threat

Volume/Issue: 2019/134

Series: IMF Working Papers

Author(s): Weicheng Lian , Natalija Novta , Evgenia Pugacheva , Yannick Timmer , and Petia Topalova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2019

ISBN: 9781498317429

Keywords: Real interest rates, Producer prices, Economic integration, Capital goods, Low-income developing countries, Relative price of investment goods, trade integration, trade barriers, capital deepening, global value chain

Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in advanced and emerging market and developing economies. Using cross-country and sectoral data, we show...

The African Continental Free Trade Agreement: Welfare Gains Estimates from a General Equilibrium Model

The African Continental Free Trade Agreement: Welfare Gains Estimates from a General Equilibrium Model »

Source: The African Continental Free Trade Agreement: Welfare Gains Estimates from a General Equilibrium Model

Volume/Issue: 2019/124

Series: IMF Working Papers

Author(s): Lisandro Abrego , Maria Alejandra Amado , Tunc Gursoy , Garth Nicholls , and Hector Perez-Saiz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 June 2019

ISBN: 9781498314398

Keywords: Economic integration, Open economies, International trade agreements, Trade finance, Comparative advantage, AfCFTA, welfare, general equilibrium, trade barriers, welfare gain

In March 2018, representatives of member countries of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. This agreement provides a framework for trade liberalization in goods and s...

The African Continental Free Trade Agreement: Welfare Gains Estimates from a General Equilibrium Model

The African Continental Free Trade Agreement: Welfare Gains Estimates from a General Equilibrium Model »

Volume/Issue: 2019/124

Series: IMF Working Papers

Author(s): Lisandro Abrego , Maria Alejandra Amado , Tunc Gursoy , Garth Nicholls , and Hector Perez-Saiz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 June 2019

DOI: http://dx.doi.org/10.5089/9781498314398.001

ISBN: 9781498314398

Keywords: Economic integration, Open economies, International trade agreements, Trade finance, Comparative advantage, AfCFTA, welfare, general equilibrium, trade barriers, welfare gain

In March 2018, representatives of member countries of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. This agreement provides a framework for trade liberalization in goods and s...

The Structural Determinants of the Labor Share in Europe

The Structural Determinants of the Labor Share in Europe »

Volume/Issue: 2019/67

Series: IMF Working Papers

Author(s): Dilyana Dimova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2019

DOI: http://dx.doi.org/10.5089/9781498302920.001

ISBN: 9781498302920

Keywords: National income, Labor market reforms, National income accounts, Economic integration, Labor market policy, labor share, technology, employment policies, globalization, employment protection

The labor share in Europe has been on a downward trend. This paper finds that the decline is concentrated in manufacture and among low- to mid-skilled workers. The shifting nature of employment away from full-time...

The Structural Determinants of the Labor Share in Europe

The Structural Determinants of the Labor Share in Europe »

Source: The Structural Determinants of the Labor Share in Europe

Volume/Issue: 2019/67

Series: IMF Working Papers

Author(s): Dilyana Dimova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2019

ISBN: 9781498302920

Keywords: National income, Labor market reforms, National income accounts, Economic integration, Labor market policy, labor share, technology, employment policies, globalization, employment protection

The labor share in Europe has been on a downward trend. This paper finds that the decline is concentrated in manufacture and among low- to mid-skilled workers. The shifting nature of employment away from full-time...

Gulf Cooperation Council

Gulf Cooperation Council »

Source: Gulf Cooperation Council : Trade and Foreign Investment-Keys to Diversification and Growth in the GCC

Volume/Issue: 2018/058

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 2018

ISBN: 9781498310307

Keywords: Economic integration, Investment policy, Economic growth, Global competitiveness, Comparative advantage, GCC country, non-oil, FDI, FDI inflow, GCC

"Diversification of the GCC economies, supported by greater openness to trade and higher foreign investment, can have a large impact on growth. Such measures can support higher, sustained, and more inclusive growth...

Gulf Cooperation Council
			: Trade and Foreign Investment-Keys to Diversification and Growth in the GCC

Gulf Cooperation Council : Trade and Foreign Investment-Keys to Diversification and Growth in the GCC »

Volume/Issue: 2018/058

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 2018

DOI: http://dx.doi.org/10.5089/9781498310307.007

ISBN: 9781498310307

Keywords: Economic integration, Investment policy, Economic growth, Global competitiveness, Comparative advantage, GCC country, non-oil, FDI, FDI inflow, GCC

"Diversification of the GCC economies, supported by greater openness to trade and higher foreign investment, can have a large impact on growth. Such measures can support higher, sustained, and more inclusive growth...

Transmittal Policy
			: The Exchange of Documents Between the Fund and Other Organizations

Transmittal Policy : The Exchange of Documents Between the Fund and Other Organizations »

Volume/Issue: 2017/060

Series: Policy Papers

Author(s): International Monetary Fund. Legal Dept.;International Monetary Fund. Secretary's Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2017

DOI: http://dx.doi.org/10.5089/9781498346276.007

ISBN: 9781498346276

Keywords: Basket of currencies, Central African Economic and Monetary Community, Central banking, Central banks, Currencies, Development plans, Eastern Caribbean Currency Union, Economic integration, Economic policy, European Union

history of exchanging documents with other international organizations and currency unions. The practice of exchanging documents with individual organizations dates back to the 1940s, mostly conducted through bilat...

Transmittal Policy

Transmittal Policy »

Source: Transmittal Policy : The Exchange of Documents Between the Fund and Other Organizations

Volume/Issue: 2017/060

Series: Policy Papers

Author(s): International Monetary Fund. Legal Dept.;International Monetary Fund. Secretary's Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2017

ISBN: 9781498346276

Keywords: Basket of currencies, Central African Economic and Monetary Community, Central banking, Central banks, Currencies, Development plans, Eastern Caribbean Currency Union, Economic integration, Economic policy, European Union

history of exchanging documents with other international organizations and currency unions. The practice of exchanging documents with individual organizations dates back to the 1940s, mostly conducted through bilat...

Making Trade an Engine of Growth for All
			:  The Case for Trade and for Policies to Facilitate Adjustment

Making Trade an Engine of Growth for All : The Case for Trade and for Policies to Facilitate Adjustment »

Volume/Issue: 2017/054

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2017

DOI: http://dx.doi.org/10.5089/9781498347013.007

ISBN: 9781498347013

Keywords: Total factor productivity, Agricultural trade, International trade agreements, Merchandise trade, Comparative advantage, trade reform, NTMs, benefit of trade, trade-related, restrictiveness

The role of trade in the global economy is at a critical juncture. Increased trade integration helped to drive economic growth in advanced and developing economies in the latter part of the 20th century. Since the...

Making Trade an Engine of Growth for All

Making Trade an Engine of Growth for All »

Source: Making Trade an Engine of Growth for All : The Case for Trade and for Policies to Facilitate Adjustment

Volume/Issue: 2017/054

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2017

ISBN: 9781498347013

Keywords: Total factor productivity, Agricultural trade, International trade agreements, Merchandise trade, Comparative advantage, trade reform, NTMs, benefit of trade, trade-related, restrictiveness

The role of trade in the global economy is at a critical juncture. Increased trade integration helped to drive economic growth in advanced and developing economies in the latter part of the 20th century. Since the...

IMF Executive Board Reviews the Role of Trade in the Fund’s Work

IMF Executive Board Reviews the Role of Trade in the Fund’s Work »

Source: Review of the Role of Trade in the Work of the Fund

Volume/Issue: 2015/011

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 March 2015

ISBN: 9781498344876

Keywords: Bilateral surveillance, Developed countries, Emerging markets, Fund role, International trade, Low-income developing countries, Multilateral surveillance, Trade integration, Trade liberalization, Trade policy

This review follows the Board-endorsed recommendation by the IEO in 2009 to have an assessment of the Fund's work on trade every five years. In addition to reviewing past work, this paper discusses key issues going...

Review of the Role of Trade in the Work of the Fund

Review of the Role of Trade in the Work of the Fund »

Volume/Issue: 2015/011

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 March 2015

DOI: http://dx.doi.org/10.5089/9781498344876.007

ISBN: 9781498344876

Keywords: Bilateral surveillance, Developed countries, Emerging markets, Fund role, International trade, Low-income developing countries, Multilateral surveillance, Trade integration, Trade liberalization, Trade policy

This review follows the Board-endorsed recommendation by the IEO in 2009 to have an assessment of the Fund's work on trade every five years. In addition to reviewing past work, this paper discusses key issues going...

Review of the Role of Trade in the Work of the Fund

Review of the Role of Trade in the Work of the Fund »

Source: Review of the Role of Trade in the Work of the Fund

Volume/Issue: 2015/011

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 March 2015

ISBN: 9781498344876

Keywords: Bilateral surveillance, Developed countries, Emerging markets, Fund role, International trade, Low-income developing countries, Multilateral surveillance, Trade integration, Trade liberalization, Trade policy

This review follows the Board-endorsed recommendation by the IEO in 2009 to have an assessment of the Fund's work on trade every five years. In addition to reviewing past work, this paper discusses key issues going...

Gross Private Capital Flows to Emerging Markets

Gross Private Capital Flows to Emerging Markets »

Source: Gross Private Capital Flows to Emerging Markets : Can the Global Financial Cycle Be Tamed?

Volume/Issue: 2014/196

Series: IMF Working Papers

Author(s): Erlend Nier , Tahsin Saadi Sedik , and Tomas Mondino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

ISBN: 9781498351867

Keywords: Global financial cycles, Emerging Market Economies, capital inflows, private capital, capital controls, Other, Portfolio Choice,

This paper assesses empirically the key drivers of private capital flows to a large sample of emerging market economies in the last decade. It analyzes the effect of the global financial cycle, measured by the VIX,...

Gross Private Capital Flows to Emerging Markets
			: Can the Global Financial Cycle Be Tamed?

Gross Private Capital Flows to Emerging Markets : Can the Global Financial Cycle Be Tamed? »

Volume/Issue: 2014/196

Series: IMF Working Papers

Author(s): Erlend Nier , Tahsin Saadi Sedik , and Tomas Mondino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

DOI: http://dx.doi.org/10.5089/9781498351867.001

ISBN: 9781498351867

Keywords: Global financial cycles, Emerging Market Economies, capital inflows, private capital, capital controls, Other, Portfolio Choice,

This paper assesses empirically the key drivers of private capital flows to a large sample of emerging market economies in the last decade. It analyzes the effect of the global financial cycle, measured by the VIX,...

The Events

The Events »

Source: IMF and the Force of History : Events and Ideas That Have Shaped the Global Institution

Series: Miscellaneous Publication (Other)

Author(s): James Boughton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2014

ISBN: 9781498306836

Keywords: monetary fund, capital flows, exchange rates, globalization, capital inflows

The Paris Peace Conference Economics was far from being a high priority at the Paris peace conference of 1919. The borders of Europe had to be redrawn one by one, and that task alone...

IMF and the Force of History
			: Events and Ideas That Have Shaped the Global Institution

IMF and the Force of History : Events and Ideas That Have Shaped the Global Institution »

Series: Miscellaneous Publication (Other)

Author(s): James Boughton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2014

DOI: http://dx.doi.org/10.5089/9781498306836.073

ISBN: 9781498306836

Keywords: monetary fund, capital flows, exchange rates, globalization, capital inflows

This pamphlet is an adapted and updated version of the prologue to Tearing Down Walls: The International Monetary Fund 1990-1999, by the same author. That book examines a tumultuous decade in which the IMF faced di...

Back Matter

Back Matter »

Source: IMF and the Force of History : Events and Ideas That Have Shaped the Global Institution

Series: Miscellaneous Publication (Other)

Author(s): James Boughton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2014

ISBN: 9781498306836

Keywords: monetary fund, capital flows, exchange rates, globalization, capital inflows

This pamphlet is an adapted and updated version of the prologue to Tearing Down Walls: The International Monetary Fund 1990-1999, by the same author. That book examines a tumultuous decade in which the IMF faced di...

Front Matter

Front Matter »

Source: IMF and the Force of History : Events and Ideas That Have Shaped the Global Institution

Series: Miscellaneous Publication (Other)

Author(s): James Boughton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2014

ISBN: 9781498306836

Keywords: monetary fund, capital flows, exchange rates, globalization, capital inflows

This pamphlet is an adapted and updated version of the prologue to Tearing Down Walls: The International Monetary Fund 1990-1999, by the same author. That book examines a tumultuous decade in which the IMF faced di...

Global Liquidity and Drivers of Cross-Border Bank Flows*

Global Liquidity and Drivers of Cross-Border Bank Flows* »

Source: Global Liquidity and Drivers of Cross-Border Bank Flows

Volume/Issue: 2014/69

Series: IMF Working Papers

Author(s): Eugenio Cerutti , Stijn Claessens , and Lev Ratnovski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2014

ISBN: 9781475517729

Keywords: F21, F34, G15, G18, G21, G28, banking, bank claims, bank borrowers, International Lending and Debt Problems

This paper provides a definition of global liquidity consistent with its meaning as the 'ease of financing' in international financial markets. Using a longer time series and broader sample of countries than in pre...

Global Liquidity and Drivers of Cross-Border Bank Flows

Global Liquidity and Drivers of Cross-Border Bank Flows »

Volume/Issue: 2014/69

Series: IMF Working Papers

Author(s): Eugenio Cerutti , Stijn Claessens , and Lev Ratnovski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2014

DOI: http://dx.doi.org/10.5089/9781475517729.001

ISBN: 9781475517729

Keywords: F21, F34, G15, G18, G21, G28, banking, bank claims, bank borrowers, International Lending and Debt Problems

This paper provides a definition of global liquidity consistent with its meaning as the 'ease of financing' in international financial markets. Using a longer time series and broader sample of countries than in pre...

Cross-Country Experience in Reducing Net Foreign Liabilities

Cross-Country Experience in Reducing Net Foreign Liabilities »

Source: Cross-Country Experience in Reducing Net Foreign Liabilities : Lessons for New Zealand

Volume/Issue: 2014/62

Series: IMF Working Papers

Author(s): Ding Ding , Werner Schule , and Yan Sun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2014

ISBN: 9781475516388

Keywords: Net foreign liabilities, Current account balance, Public savings, foreign liabilities, foreign assets, international investment, financial integration, external indebtedness, Open Economy Macroeconomics,

This paper studies the dynamics of net foreign liabilities across a number of countries. Our historical analysis suggests that an orderly reduction in a country's net foreign liabilities has mostly occurred when th...

Global Financial Shocks and Foreign Asset Repatriation

Global Financial Shocks and Foreign Asset Repatriation »

Source: Global Financial Shocks and Foreign Asset Repatriation : Do Local Investors Play a Stabilizing Role?

Volume/Issue: 2014/60

Series: IMF Working Papers

Author(s): Gustavo Adler , Marie-Louise Djigbenou , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2014

ISBN: 9781484353349

Keywords: gross capital flows, foreign assets, global financial shocks, capital inflows, net capital, net capital flows, capital outflows, General, Open Economy Macroeconomics,

We study the dynamic response of gross capital flows in emerging market economies to different global financial shocks, using a panel vector-autoregressive (PVAR) setting. Our focus lies primarily on the potentiall...

Cross-Country Experience in Reducing Net Foreign Liabilities
			: Lessons for New Zealand

Cross-Country Experience in Reducing Net Foreign Liabilities : Lessons for New Zealand »

Volume/Issue: 2014/62

Series: IMF Working Papers

Author(s): Ding Ding , Werner Schule , and Yan Sun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2014

DOI: http://dx.doi.org/10.5089/9781475516388.001

ISBN: 9781475516388

Keywords: Net foreign liabilities, Current account balance, Public savings, foreign liabilities, foreign assets, international investment, financial integration, external indebtedness, Open Economy Macroeconomics,

This paper studies the dynamics of net foreign liabilities across a number of countries. Our historical analysis suggests that an orderly reduction in a country's net foreign liabilities has mostly occurred when th...

Global Financial Shocks and Foreign Asset Repatriation
			: Do Local Investors Play a Stabilizing Role?

Global Financial Shocks and Foreign Asset Repatriation : Do Local Investors Play a Stabilizing Role? »

Volume/Issue: 2014/60

Series: IMF Working Papers

Author(s): Gustavo Adler , Marie-Louise Djigbenou , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2014

DOI: http://dx.doi.org/10.5089/9781484353349.001

ISBN: 9781484353349

Keywords: gross capital flows, foreign assets, global financial shocks, capital inflows, net capital, net capital flows, capital outflows, General, Open Economy Macroeconomics,

We study the dynamic response of gross capital flows in emerging market economies to different global financial shocks, using a panel vector-autoregressive (PVAR) setting. Our focus lies primarily on the potentiall...

Trade Integration and Business Cycle Synchronization
			: A Reappraisal with Focus on Asia

Trade Integration and Business Cycle Synchronization : A Reappraisal with Focus on Asia »

Volume/Issue: 2014/52

Series: IMF Working Papers

Author(s): Romain Duval , Kevin Cheng , Kum Hwa Oh , Richa Saraf , and Dulani Seneviratne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2014

DOI: http://dx.doi.org/10.5089/9781475522464.001

ISBN: 9781475522464

Keywords: Value Added, Business Cycle Synchronization, Asia, trade intensity, trade integration, industry trade, trade data, impact of trade, International Policy Coordination and Transmission, Asia.,

This paper reexamines the relationship between trade integration and business cycle synchronization (BCS) using new value-added trade data for 63 advanced and emerging economies during 1995-2012. In a panel framewo...

Trade Integration and Business Cycle Synchronization: A Reappraisal with Focus on Asia

Trade Integration and Business Cycle Synchronization: A Reappraisal with Focus on Asia »

Source: Trade Integration and Business Cycle Synchronization : A Reappraisal with Focus on Asia

Volume/Issue: 2014/52

Series: IMF Working Papers

Author(s): Romain Duval , Kevin Cheng , Kum Hwa Oh , Richa Saraf , and Dulani Seneviratne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2014

ISBN: 9781475522464

Keywords: Value Added, Business Cycle Synchronization, Asia, trade intensity, trade integration, industry trade, trade data, impact of trade, International Policy Coordination and Transmission, Asia.,

This paper reexamines the relationship between trade integration and business cycle synchronization (BCS) using new value-added trade data for 63 advanced and emerging economies during 1995-2012. In a panel framewo...

Baltic and Icelandic Experiences of Capital Flows and Capital Flow Measures

Baltic and Icelandic Experiences of Capital Flows and Capital Flow Measures »

Source: Baltic and Icelandic Experiences of Capital Flows and Capital Flow Measures

Volume/Issue: 2013/242

Series: IMF Working Papers

Author(s): Audun Groenn , and Maria Wallin Fredholm

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2013

ISBN: 9781475598179

Keywords: Capital Flow Measures, Baltic Countries, capital inflows, capital controls, capital flow, General, Globalization: General,

The aim of this empirical study is to describe and provide analysis on the experience of managing capital flows in Iceland and the Baltic countries. During the build-up of the crisis, there were shortcomings in mac...

Baltic and Icelandic Experiences of Capital Flows and Capital Flow Measures

Baltic and Icelandic Experiences of Capital Flows and Capital Flow Measures »

Volume/Issue: 2013/242

Series: IMF Working Papers

Author(s): Audun Groenn , and Maria Wallin Fredholm

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2013

DOI: http://dx.doi.org/10.5089/9781475598179.001

ISBN: 9781475598179

Keywords: Capital Flow Measures, Baltic Countries, capital inflows, capital controls, capital flow, General, Globalization: General,

The aim of this empirical study is to describe and provide analysis on the experience of managing capital flows in Iceland and the Baltic countries. During the build-up of the crisis, there were shortcomings in mac...

The International Monetary System
			: Where Are We and Where Do We Need to Go?

The International Monetary System : Where Are We and Where Do We Need to Go? »

Volume/Issue: 2013/224

Series: IMF Working Papers

Author(s): Rakesh Mohan , Michael Patra , and Muneesh Kapur

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 November 2013

DOI: http://dx.doi.org/10.5089/9781475514148.001

ISBN: 9781475514148

Keywords: currency internationalization, capital inflows, capital account liberalization, net capital, net capital flows, International Monetary Arrangements and Institutions, International Policy Coordination and Transmission, International Institutional Arrangements,

The North Atlantic financial crisis of 2008-2009 has spurred renewed interest in reforming the international monetary system, which has been malfunctioning in many aspects. Large and volatile capital flows have pro...

The International Monetary System: Where Are We and Where Do We Need to Go?

The International Monetary System: Where Are We and Where Do We Need to Go? »

Source: The International Monetary System : Where Are We and Where Do We Need to Go?

Volume/Issue: 2013/224

Series: IMF Working Papers

Author(s): Rakesh Mohan , Michael Patra , and Muneesh Kapur

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 November 2013

ISBN: 9781475514148

Keywords: currency internationalization, capital inflows, capital account liberalization, net capital, net capital flows, International Monetary Arrangements and Institutions, International Policy Coordination and Transmission, International Institutional Arrangements,

The North Atlantic financial crisis of 2008-2009 has spurred renewed interest in reforming the international monetary system, which has been malfunctioning in many aspects. Large and volatile capital flows have pro...

Capital Flows are Fickle

Capital Flows are Fickle »

Source: Capital Flows are Fickle : Anytime, Anywhere

Volume/Issue: 2013/183

Series: IMF Working Papers

Author(s): John Bluedorn , Rupa Duttagupta , Jaime Guajardo , and Petia Topalova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 August 2013

ISBN: 9781484389041

Keywords: international capital flows, volatility, persistence, comovement, global factors, net capital flows, capital inflows, private capital flows,

Has the unprecedented financial globalization of recent years changed the behavior of capital flows across countries? Using a newly constructed database of gross and net capital flows since 1980 for a sample of nea...

Capital Flows are Fickle
			: Anytime, Anywhere

Capital Flows are Fickle : Anytime, Anywhere »

Volume/Issue: 2013/183

Series: IMF Working Papers

Author(s): John Bluedorn , Rupa Duttagupta , Jaime Guajardo , and Petia Topalova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 August 2013

DOI: http://dx.doi.org/10.5089/9781484389041.001

ISBN: 9781484389041

Keywords: international capital flows, volatility, persistence, comovement, global factors, net capital flows, capital inflows, private capital flows,

Has the unprecedented financial globalization of recent years changed the behavior of capital flows across countries? Using a newly constructed database of gross and net capital flows since 1980 for a sample of nea...

Benchmarking Structural Transformation Across the World

Benchmarking Structural Transformation Across the World »

Source: Benchmarking Structural Transformation Across the World

Volume/Issue: 2013/176

Series: IMF Working Papers

Author(s): Era Dabla-Norris , Alun Thomas , Rodrigo Garcia-Verdu , and Yingyuan Chen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 July 2013

ISBN: 9781484359662

Keywords: Emerging markets, Agricultural sector, Agriculture, Cross country analysis, Productivity, Services, Services sector, Manufacturing sector, Manufacturing, Low-income developing countries

This paper documents stylized facts on the process of structural transformation around the world and empirically analyzes its determinants using data on real value added by sector of economic activity (agriculture,...

Benchmarking Structural Transformation Across the World

Benchmarking Structural Transformation Across the World »

Volume/Issue: 2013/176

Series: IMF Working Papers

Author(s): Era Dabla-Norris , Alun Thomas , Rodrigo Garcia-Verdu , and Yingyuan Chen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 July 2013

DOI: http://dx.doi.org/10.5089/9781484359662.001

ISBN: 9781484359662

Keywords: Emerging markets, Agricultural sector, Agriculture, Cross country analysis, Productivity, Services, Services sector, Manufacturing sector, Manufacturing, Low-income developing countries

This paper documents stylized facts on the process of structural transformation around the world and empirically analyzes its determinants using data on real value added by sector of economic activity (agriculture,...

Four Decades of Terms-of-Trade Booms

Four Decades of Terms-of-Trade Booms »

Source: Four Decades of Terms-of-Trade Booms : Saving-Investment Patterns and a New Metric of Income Windfall

Volume/Issue: 2013/103

Series: IMF Working Papers

Author(s): Gustavo Adler , and Nicolas Magud

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2013

ISBN: 9781484356241

Keywords: Terms of trade, windfall, real income, aggregate saving, saving rate, trade shocks, trade shock, terms-of-trade shocks, domestic investment, Other

We study the history of terms-of-trade booms (during 1970-2012), with a focus on Latin America, through the prisms of a simple metric that quantifies the associated income windfall. We also document saving patterns...

Four Decades of Terms-of-Trade Booms
			: Saving-Investment Patterns and a New Metric of Income Windfall

Four Decades of Terms-of-Trade Booms : Saving-Investment Patterns and a New Metric of Income Windfall »

Volume/Issue: 2013/103

Series: IMF Working Papers

Author(s): Gustavo Adler , and Nicolas Magud

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2013

DOI: http://dx.doi.org/10.5089/9781484356241.001

ISBN: 9781484356241

Keywords: Terms of trade, windfall, real income, aggregate saving, saving rate, trade shocks, trade shock, terms-of-trade shocks, domestic investment, Other

We study the history of terms-of-trade booms (during 1970-2012), with a focus on Latin America, through the prisms of a simple metric that quantifies the associated income windfall. We also document saving patterns...

Framework Administered Account for Selected Fund Activities

Framework Administered Account for Selected Fund Activities »

Source: Framework Administered Account for Selected Fund Activities : Africa Training Institute Subaccount for Selected Fund Activities

Volume/Issue: 2013/033

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2013

ISBN: 9781498341943

Keywords: Africa Training Institute, Executive Board decisions, External financing, External training programs, Framework Administered Account, Lapse of time approval, Globalization, Development, Investment, Wages

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the 'SFA Instrument').1 The financing of activities under the terms...

Framework Administered Account for Selected Fund Activities
			:  Africa Training Institute Subaccount for Selected Fund Activities

Framework Administered Account for Selected Fund Activities : Africa Training Institute Subaccount for Selected Fund Activities »

Volume/Issue: 2013/033

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2013

DOI: http://dx.doi.org/10.5089/9781498341943.007

ISBN: 9781498341943

Keywords: Africa Training Institute, Executive Board decisions, External financing, External training programs, Framework Administered Account, Lapse of time approval, Globalization, Development, Investment, Wages

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the 'SFA Instrument').1 The financing of activities under the terms...

Call for Papers

Call for Papers »

Source: IMF Research Bulletin, March 2013

Volume/Issue: 14/1

Series: IMF Research Bulletin

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 2013

ISBN: 9781484395660

Keywords: international trade, trading partners, exchange rates, international trade finance, Global Supply Chains,

The Research Summaries in the March 2013 Research Bulletin discuss "Trade Finance and Its Role in the Great Trade Collapse" (JaeBin Ahn) and "Sovereign Debt: How to Track Who Is Buying and Selling It" (Serkan Arsla...

IMF Economic Review

IMF Economic Review »

Source: IMF Research Bulletin, March 2013

Volume/Issue: 14/1

Series: IMF Research Bulletin

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 2013

ISBN: 9781484395660

Keywords: international trade, trading partners, exchange rates, international trade finance, Global Supply Chains,

The Research Summaries in the March 2013 Research Bulletin discuss "Trade Finance and Its Role in the Great Trade Collapse" (JaeBin Ahn) and "Sovereign Debt: How to Track Who Is Buying and Selling It" (Serkan Arsla...

IMF Research Bulletin, March 2013

IMF Research Bulletin, March 2013 »

Volume/Issue: 14/1

Series: IMF Research Bulletin

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 2013

DOI: http://dx.doi.org/10.5089/9781484395660.026

ISBN: 9781484395660

Keywords: international trade, trading partners, exchange rates, international trade finance, Global Supply Chains,

The Research Summaries in the March 2013 Research Bulletin discuss "Trade Finance and Its Role in the Great Trade Collapse" (JaeBin Ahn) and "Sovereign Debt: How to Track Who Is Buying and Selling It" (Serkan Arsla...

IMF Working Papers

IMF Working Papers »

Source: IMF Research Bulletin, March 2013

Volume/Issue: 14/1

Series: IMF Research Bulletin

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 2013

ISBN: 9781484395660

Keywords: international trade, trading partners, exchange rates, international trade finance, Global Supply Chains,

The Research Summaries in the March 2013 Research Bulletin discuss "Trade Finance and Its Role in the Great Trade Collapse" (JaeBin Ahn) and "Sovereign Debt: How to Track Who Is Buying and Selling It" (Serkan Arsla...

Q&A: Seven Questions on the Implications of Global Supply Chains for Real Effective Exchange Rates

Q&A: Seven Questions on the Implications of Global Supply Chains for Real Effective Exchange Rates »

Source: IMF Research Bulletin, March 2013

Volume/Issue: 14/1

Series: IMF Research Bulletin

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 2013

ISBN: 9781484395660

Keywords: international trade, trading partners, exchange rates, international trade finance, Global Supply Chains,

The Research Summaries in the March 2013 Research Bulletin discuss "Trade Finance and Its Role in the Great Trade Collapse" (JaeBin Ahn) and "Sovereign Debt: How to Track Who Is Buying and Selling It" (Serkan Arsla...

Recommended Readings From the IMF Bookstore

Recommended Readings From the IMF Bookstore »

Source: IMF Research Bulletin, March 2013

Volume/Issue: 14/1

Series: IMF Research Bulletin

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 2013

ISBN: 9781484395660

Keywords: international trade, trading partners, exchange rates, international trade finance, Global Supply Chains,

The Research Summaries in the March 2013 Research Bulletin discuss "Trade Finance and Its Role in the Great Trade Collapse" (JaeBin Ahn) and "Sovereign Debt: How to Track Who Is Buying and Selling It" (Serkan Arsla...

Research Summaries: Trade Finance and Its Role in the Great Trade Collapse

Research Summaries: Trade Finance and Its Role in the Great Trade Collapse »

Source: IMF Research Bulletin, March 2013

Volume/Issue: 14/1

Series: IMF Research Bulletin

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 2013

ISBN: 9781484395660

Keywords: international trade, trading partners, exchange rates, international trade finance, Global Supply Chains,

The Research Summaries in the March 2013 Research Bulletin discuss "Trade Finance and Its Role in the Great Trade Collapse" (JaeBin Ahn) and "Sovereign Debt: How to Track Who Is Buying and Selling It" (Serkan Arsla...

Sovereign Debt: How to Track Who Is Buying and Selling It?

Sovereign Debt: How to Track Who Is Buying and Selling It? »

Source: IMF Research Bulletin, March 2013

Volume/Issue: 14/1

Series: IMF Research Bulletin

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 2013

ISBN: 9781484395660

Keywords: international trade, trading partners, exchange rates, international trade finance, Global Supply Chains,

The Research Summaries in the March 2013 Research Bulletin discuss "Trade Finance and Its Role in the Great Trade Collapse" (JaeBin Ahn) and "Sovereign Debt: How to Track Who Is Buying and Selling It" (Serkan Arsla...

Staff Discussion Notes

Staff Discussion Notes »

Source: IMF Research Bulletin, March 2013

Volume/Issue: 14/1

Series: IMF Research Bulletin

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 2013

ISBN: 9781484395660

Keywords: international trade, trading partners, exchange rates, international trade finance, Global Supply Chains,

The Research Summaries in the March 2013 Research Bulletin discuss "Trade Finance and Its Role in the Great Trade Collapse" (JaeBin Ahn) and "Sovereign Debt: How to Track Who Is Buying and Selling It" (Serkan Arsla...

Global House Price Fluctuations

Global House Price Fluctuations »

Source: Global House Price Fluctuations : Synchronization and Determinants

Volume/Issue: 2013/38

Series: IMF Working Papers

Author(s): Hideaki Hirata , Ayhan Kose , Christopher Otrok , and Marco Terrones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 February 2013

ISBN: 9781475523621

Keywords: globalization, globalization period, inflation, long-term interest rates, Monetary Policy (Targets, Instruments, and Effects), Housing Supply and Markets,

We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronized are housing cycles across these countries? Second, w...

Global House Price Fluctuations
			: Synchronization and Determinants

Global House Price Fluctuations : Synchronization and Determinants »

Volume/Issue: 2013/38

Series: IMF Working Papers

Author(s): Hideaki Hirata , Ayhan Kose , Christopher Otrok , and Marco Terrones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 February 2013

DOI: http://dx.doi.org/10.5089/9781475523621.001

ISBN: 9781475523621

Keywords: globalization, globalization period, inflation, long-term interest rates, Monetary Policy (Targets, Instruments, and Effects), Housing Supply and Markets,

We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronized are housing cycles across these countries? Second, w...

The Behavior of Currencies during Risk-off Episodes1

The Behavior of Currencies during Risk-off Episodes1 »

Source: The Behavior of Currencies during Risk-off Episodes

Volume/Issue: 2013/8

Series: IMF Working Papers

Author(s): Reinout De Bock , and Irineu de Carvalho Filho

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2013

ISBN: 9781557755308

Keywords: Risk-off episodes, safe haven currencies, exchange rate, currency markets, capital flows, global financial crisis,

Episodes of increased global risk aversion, also known as risk-off episodes, have become more frequent and severe since 2007. During these episodes, currency markets exhibit recurrent patterns, as the Japanese yen,...

The Behavior of Currencies during Risk-off Episodes

The Behavior of Currencies during Risk-off Episodes »

Volume/Issue: 2013/8

Series: IMF Working Papers

Author(s): Reinout De Bock , and Irineu de Carvalho Filho

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2013

DOI: http://dx.doi.org/10.5089/9781557755308.001

ISBN: 9781557755308

Keywords: Risk-off episodes, safe haven currencies, exchange rate, currency markets, capital flows, global financial crisis,

Episodes of increased global risk aversion, also known as risk-off episodes, have become more frequent and severe since 2007. During these episodes, currency markets exhibit recurrent patterns, as the Japanese yen,...

Back on the Map: Myanmar’s reintegration into the global economy promises a better future for its people

Back on the Map: Myanmar’s reintegration into the global economy promises a better future for its people »

Source: Finance & Development, September 2012

Volume/Issue: 49/3

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

ISBN: 9781475504767

Keywords: Finance and Development, financial sector, financial stability, international financial architecture, global financial system

Technology is generating a global convergence. A "big bang" of information-and education as well-is improving human lives. And with global interconnectivity growing by leaps and bounds, we are all witness to a rapi...

Back to Basics: What Is Money?: Without it, modern economies could not function

Back to Basics: What Is Money?: Without it, modern economies could not function »

Source: Finance & Development, September 2012

Volume/Issue: 49/3

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

ISBN: 9781475504767

Keywords: Finance and Development, financial sector, financial stability, international financial architecture, global financial system

Technology is generating a global convergence. A "big bang" of information-and education as well-is improving human lives. And with global interconnectivity growing by leaps and bounds, we are all witness to a rapi...

Book Reviews

Book Reviews »

Source: Finance & Development, September 2012

Volume/Issue: 49/3

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

ISBN: 9781475504767

Keywords: Finance and Development, financial sector, financial stability, international financial architecture, global financial system

Technology is generating a global convergence. A "big bang" of information-and education as well-is improving human lives. And with global interconnectivity growing by leaps and bounds, we are all witness to a rapi...

Caught in the Web: Network analysis looks at financial connections in a globalized world and the risks they pose

Caught in the Web: Network analysis looks at financial connections in a globalized world and the risks they pose »

Source: Finance & Development, September 2012

Volume/Issue: 49/3

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

ISBN: 9781475504767

Keywords: Finance and Development, financial sector, financial stability, international financial architecture, global financial system

Technology is generating a global convergence. A "big bang" of information-and education as well-is improving human lives. And with global interconnectivity growing by leaps and bounds, we are all witness to a rapi...

A Change in Focus: China’s external surplus is dwindling, with repercussions for its Asian trading partners

A Change in Focus: China’s external surplus is dwindling, with repercussions for its Asian trading partners »

Source: Finance & Development, September 2012

Volume/Issue: 49/3

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

ISBN: 9781475504767

Keywords: Finance and Development, financial sector, financial stability, international financial architecture, global financial system

Technology is generating a global convergence. A "big bang" of information-and education as well-is improving human lives. And with global interconnectivity growing by leaps and bounds, we are all witness to a rapi...

Data Spotlight: Tracking Use of Fiscal Rules: Numerical limits have emerged as a key response to the fiscal legacy of the crisis

Data Spotlight: Tracking Use of Fiscal Rules: Numerical limits have emerged as a key response to the fiscal legacy of the crisis »

Source: Finance & Development, September 2012

Volume/Issue: 49/3

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

ISBN: 9781475504767

Keywords: Finance and Development, financial sector, financial stability, international financial architecture, global financial system

Technology is generating a global convergence. A "big bang" of information-and education as well-is improving human lives. And with global interconnectivity growing by leaps and bounds, we are all witness to a rapi...

Finance & Development, September 2012

Finance & Development, September 2012 »

Volume/Issue: 49/3

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

DOI: http://dx.doi.org/10.5089/9781475504767.022

ISBN: 9781475504767

Keywords: Finance and Development, financial sector, financial stability, international financial architecture, global financial system

Technology is generating a global convergence. A "big bang" of information-and education as well-is improving human lives. And with global interconnectivity growing by leaps and bounds, we are all witness to a rapi...

Financial Regionalism: Regional arrangements are reshaping the international financial architecture and helping global financial stability

Financial Regionalism: Regional arrangements are reshaping the international financial architecture and helping global financial stability »

Source: Finance & Development, September 2012

Volume/Issue: 49/3

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

ISBN: 9781475504767

Keywords: Finance and Development, financial sector, financial stability, international financial architecture, global financial system

Technology is generating a global convergence. A "big bang" of information-and education as well-is improving human lives. And with global interconnectivity growing by leaps and bounds, we are all witness to a rapi...

From the Editor: Multilateralist solutions for a globalized world

From the Editor: Multilateralist solutions for a globalized world »

Source: Finance & Development, September 2012

Volume/Issue: 49/3

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

ISBN: 9781475504767

Keywords: Finance and Development, financial sector, financial stability, international financial architecture, global financial system

Technology is generating a global convergence. A "big bang" of information-and education as well-is improving human lives. And with global interconnectivity growing by leaps and bounds, we are all witness to a rapi...

Fueling Risk: Energy subsidies in low- and middle-income countries can take a big toll on their fiscal health

Fueling Risk: Energy subsidies in low- and middle-income countries can take a big toll on their fiscal health »

Source: Finance & Development, September 2012

Volume/Issue: 49/3

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

ISBN: 9781475504767

Keywords: Finance and Development, financial sector, financial stability, international financial architecture, global financial system

Technology is generating a global convergence. A "big bang" of information-and education as well-is improving human lives. And with global interconnectivity growing by leaps and bounds, we are all witness to a rapi...

The Global Village has Arrived: Interconnectivity is growing by leaps and bounds

The Global Village has Arrived: Interconnectivity is growing by leaps and bounds »

Source: Finance & Development, September 2012

Volume/Issue: 49/3

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

ISBN: 9781475504767

Keywords: Finance and Development, financial sector, financial stability, international financial architecture, global financial system

Technology is generating a global convergence. A "big bang" of information-and education as well-is improving human lives. And with global interconnectivity growing by leaps and bounds, we are all witness to a rapi...

Mexico
			: Selected Issues

Mexico : Selected Issues »

Volume/Issue: 2012/317

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

DOI: http://dx.doi.org/10.5089/9781475543551.002

ISBN: 9781475543551

Keywords: foreign exchange, fdi, foreign assets, foreign liabilities, financial integration

Mexico is an open economy with strong real and financial links to the rest of the world with risks of spillovers from global turbulence. Recent gains in market share in the U.S. manufacturing market are owed to imp...

In Brief

In Brief »

Source: Finance & Development, September 2012

Volume/Issue: 49/3

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

ISBN: 9781475504767

Keywords: Finance and Development, financial sector, financial stability, international financial architecture, global financial system

Technology is generating a global convergence. A "big bang" of information-and education as well-is improving human lives. And with global interconnectivity growing by leaps and bounds, we are all witness to a rapi...

It All Falls into Place: Piecing together “missing links” in a jigsaw puzzle of data sets helps shed light on the global financial crisis

It All Falls into Place: Piecing together “missing links” in a jigsaw puzzle of data sets helps shed light on the global financial crisis »

Source: Finance & Development, September 2012

Volume/Issue: 49/3

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

ISBN: 9781475504767

Keywords: Finance and Development, financial sector, financial stability, international financial architecture, global financial system

Technology is generating a global convergence. A "big bang" of information-and education as well-is improving human lives. And with global interconnectivity growing by leaps and bounds, we are all witness to a rapi...

Mexico

Mexico »

Source: Mexico : Selected Issues

Volume/Issue: 2012/317

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

ISBN: 9781475543551

Keywords: foreign exchange, fdi, foreign assets, foreign liabilities, financial integration

Mexico is an open economy with strong real and financial links to the rest of the world with risks of spillovers from global turbulence. Recent gains in market share in the U.S. manufacturing market are owed to imp...

Mexico: Selected Issues

Mexico: Selected Issues »

Source: Mexico : Selected Issues

Volume/Issue: 2012/317

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

ISBN: 9781475543551

Keywords: foreign exchange, fdi, foreign assets, foreign liabilities, financial integration

Mexico is an open economy with strong real and financial links to the rest of the world with risks of spillovers from global turbulence. Recent gains in market share in the U.S. manufacturing market are owed to imp...

Mexico: Selected Issues

Mexico: Selected Issues »

Source: Mexico : Selected Issues

Volume/Issue: 2012/317

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

ISBN: 9781475543551

Keywords: foreign exchange, fdi, foreign assets, foreign liabilities, financial integration

Mexico is an open economy with strong real and financial links to the rest of the world with risks of spillovers from global turbulence. Recent gains in market share in the U.S. manufacturing market are owed to imp...

Mexico: Selected Issues

Mexico: Selected Issues »

Source: Mexico : Selected Issues

Volume/Issue: 2012/317

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

ISBN: 9781475543551

Keywords: foreign exchange, fdi, foreign assets, foreign liabilities, financial integration

Mexico is an open economy with strong real and financial links to the rest of the world with risks of spillovers from global turbulence. Recent gains in market share in the U.S. manufacturing market are owed to imp...

Mexico: Selected Issues

Mexico: Selected Issues »

Source: Mexico : Selected Issues

Volume/Issue: 2012/317

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

ISBN: 9781475543551

Keywords: foreign exchange, fdi, foreign assets, foreign liabilities, financial integration

Mexico is an open economy with strong real and financial links to the rest of the world with risks of spillovers from global turbulence. Recent gains in market share in the U.S. manufacturing market are owed to imp...

Migration Meets Slow Growth: The global movement of workers will change as the economic crisis continues in advanced economies

Migration Meets Slow Growth: The global movement of workers will change as the economic crisis continues in advanced economies »

Source: Finance & Development, September 2012

Volume/Issue: 49/3

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

ISBN: 9781475504767

Keywords: Finance and Development, financial sector, financial stability, international financial architecture, global financial system

Technology is generating a global convergence. A "big bang" of information-and education as well-is improving human lives. And with global interconnectivity growing by leaps and bounds, we are all witness to a rapi...