Browse

You are looking at 1 - 100 of 202 items :

  • Type: Books and Journals x
  • IMF Staff Papers x
  • Books and Analytical Papers x
Clear All Modify Search
IMF Staff Papers, Volume 57, No. 2

IMF Staff Papers, Volume 57, No. 2 »

Volume: 57

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2010

DOI: http://dx.doi.org/10.5089/9781589069121.024

ISBN: 9781589069121

Keywords: financial liberalization, financial sector, reserve requirements, interest rate controls, financial reforms

This paper introduces a new database of financial reforms covering 91 economies over 1973-2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an ind...

IMF Staff Papers, Volume 57, No. 1

IMF Staff Papers, Volume 57, No. 1 »

Volume: 57

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2010

DOI: http://dx.doi.org/10.5089/9781589069114.024

ISBN: 9781589069114

Keywords: debt overhang, debt relief, indebted countries, external debt, highly indebted countries

Do highly indebted countries suffer from a debt overhang? Can debt relief foster their growth rates? To answer these important questions, this article looks at how the debt-growth relation varies with indebtedness...

IMF Staff Papers, Volume 56, No. 4

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

DOI: http://dx.doi.org/10.5089/9781589069107.024

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...

IMF Staff Papers, Volume 56, No. 3

IMF Staff Papers, Volume 56, No. 3 »

Volume: 56

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 July 2009

DOI: http://dx.doi.org/10.5089/9781589068209.024

ISBN: 9781589068209

Keywords: trade openness, trade liberalization, import duties, transition economies, trade barriers

Studies of the impact of trade openness on growth are based either on crosscountry analysis—which lacks transparency—or case studies—which lack statistical rigor. This paper applies a transpare...

IMF Staff Papers, Volume 56, No. 2

IMF Staff Papers, Volume 56, No. 2 »

Volume: 56

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 June 2009

DOI: http://dx.doi.org/10.5089/9781589067950.024

ISBN: 9781589067950

Keywords: labor productivity growth, employment, labor productivity, labor shares

China’s growth performance since the start of economic reforms in 1978 has been impressive, but the gains have not been distributed equally across provinces. We use a nonparametric approach to analyze the va...

IMF Staff Papers, Volume 56, No. 1

IMF Staff Papers, Volume 56, No. 1 »

Volume: 56

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2009

DOI: http://dx.doi.org/10.5089/9781589067943.024

ISBN: 9781589067943

Keywords: financial globalization, globalization, financial integration, financial sector, financial sector development

This special issue brings together world-renowned experts to provide a systematic and critical analysis of the costs and benefits of financial globalization. Contributors include Kenneth Rogoff, Maurice Obstfeld, D...

IMF Staff Papers, Volume 55, No. 3

IMF Staff Papers, Volume 55, No. 3 »

Volume: 55

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2008

DOI: http://dx.doi.org/10.5089/9781589067240.024

ISBN: 9781589067240

Keywords: exchange rate, exchange rate regimes, monetary fund, foreign exchange, inflation

This special issue on exchange rates is drawn from the Eighth Jacques Polak Annual Research Conference held at the International Monetary Fund in Washington in November 2007. The Mundell-Fleming Lecture by Stanley...

IMF Staff Papers, Volume 55, No. 1

IMF Staff Papers, Volume 55, No. 1 »

Volume: 55

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 2008

DOI: http://dx.doi.org/10.5089/9781589067226.024

ISBN: 9781589067226

Keywords: external debt, international monetary fund, balance of payments, capital account, short-term debt, IMF Staff Papers,

In this issue, a team of economists look at approaches to modeling the use of IMF resources in order to gauge whether the recent decline in credit outstanding is a temporary or permanent phenomenon. Era Dabla-Norri...

IMF Staff Papers, Volume 55, No. 2

IMF Staff Papers, Volume 55, No. 2 »

Volume: 55

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 2008

DOI: http://dx.doi.org/10.5089/9781589067233.024

ISBN: 9781589067233

Keywords: equations, inflation, equation, monetary policy, calibration

This special issue is devoted to the Global Economy Model (GEM), a dynamic stochastic general equilibrium models widely used by the IMF and central banks worldwide to study issues that cannot be adequately addresse...

IMF Staff Papers, Volume 55, No. 4

IMF Staff Papers, Volume 55, No. 4 »

Volume: 55

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2008

DOI: http://dx.doi.org/10.5089/9781589067257.024

ISBN: 9781589067257

Keywords: copper, nickel, zinc, lead, tin, Super Cycles in Real Metals Prices?,

In this issue, John T. Cuddington and Daniel Jerrett from the Colorado School of Mines examine whether metals prices are in a "super cycle" upswing driven by intensive economic growth in China, in particular. Using...

IMF Staff Papers, Volume 54, No. 4

IMF Staff Papers, Volume 54, No. 4 »

Volume: 54

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2008

DOI: http://dx.doi.org/10.5089/9781589066526.024

ISBN: 9781589066526

Keywords: banking, banking system, deposit growth, currency risk, stock market

In this issue, authors from the IMF and from Argentine institutions team up to review how different banks behaved and were hurt during the country's crisis. Atsushi Iimi looks at how countries can escape from the r...

IMF Staff Papers, Volume 54, No. 2

IMF Staff Papers, Volume 54, No. 2 »

Volume: 54

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 2007

DOI: http://dx.doi.org/10.5089/9781589066502.024

ISBN: 9781589066502

Keywords: current account, current account deficit, current account deficits, current account surplus, current account surpluses, Benchmarking (finance), Bond Market, Business Cycles. Econometric Models, Consumption (economics), Default (finance)

Vol. 54, No. 2 includes three notable contributions from the Seventh Jacques Polak Annual Research Conference (ARC) hosted by the IMF in November 2006. Its lead paper, by Olivier Blanchard of Harvard University, is...

IMF Staff Papers, Volume 54, No. 1

IMF Staff Papers, Volume 54, No. 1 »

Volume: 54

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 2007

DOI: http://dx.doi.org/10.5089/9781589066052.024

ISBN: 9781589066052

Keywords: forecast errors, forecast error, serial correlation, test statistics, output growth

This is the first issue of IMF Staff Papers published under a special partnership between the IMF and Palgrave Macmillan. Very little will change with regard to the journal's visual appearance, though significant s...

IMF Staff Papers, Volume 54, No. 3

IMF Staff Papers, Volume 54, No. 3 »

Volume: 54

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 May 2007

DOI: http://dx.doi.org/10.5089/9781589066519.024

ISBN: 9781589066519

Keywords: inflation, central bank, monetary fund, terms of trade, gdp deflator

This issue features a timely paper by Vladimir Klyuev and Paul Mills on the role of personal wealth and home equity withdrawal in the decline in the U.S. saving rate. Lusine Lusinyan and Leo Bonato explain how work...

IMF Staff Papers, Volume 53, No. 3

IMF Staff Papers, Volume 53, No. 3 »

Volume: 53

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 December 2006

DOI: http://dx.doi.org/10.5089/9781589065819.024

ISBN: 9781589065819

Keywords: investors, investment, investor, portfolio investment, institutional investors, IMF Staff Papers, Aggregation, Algorithms, Capital Market. Volatility, Consumption (economics)

This is the final issue for 2006 (Volume 53), and contains another paper in the occasional Special Data Section that seeks to measure financial development in the Middle East and North Africa by utilizing a new dat...

IMF Staff Papers, Volume 53, No. 2

IMF Staff Papers, Volume 53, No. 2 »

Volume: 53

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2006

DOI: http://dx.doi.org/10.5089/9781589065178.024

ISBN: 9781589065178

Keywords: statistics, sovereign debt, probability, debt intolerance, equation, Analysis Of Variance, Bank Management, Banks And Banking. State Supervision, Cointegration, Compliance

Noteworthy among the six papers appearing in this latest issue of the IMF's peer-reviewed journal is another installment in the Special Data Section. Anthony Pellechio and John Cady from the IMF's Statistics Depart...

IMF Staff Papers, Volume 53, No. 1

IMF Staff Papers, Volume 53, No. 1 »

Volume: 53

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2006

DOI: http://dx.doi.org/10.5089/9781589065093.024

ISBN: 9781589065093

Keywords: russia, trade flows, import duties, standard errors, trade restrictions, Capital Stock, Credit Market, Economic Shocks, Estimation Theory, Expertise

This first issue for 2006 is anchored by two papers on Russia. The opening paper discusses Russia and the World Trade Organization, and the concluding paper, by John Odling-Smee (former Director of the IMF's Europe...

IMF Staff Papers, Volume 52, No. 3

IMF Staff Papers, Volume 52, No. 3 »

Volume: 52

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2005

DOI: http://dx.doi.org/10.5089/9781589064751.024

ISBN: 9781589064751

Keywords: exchange rate, foreign exchange, exchange rates, asymmetric information, Foreign exchange market, Labor market, Algorithms, Asset Pricing, Computer Software, Debtor And Creditor

This last issue for 2005 comprises seven new papers, including a contribution to the journal's occasional Special Data Section about domestic debt markets in Sub-Saharan Africa, and also an in-depth look at the int...

IMF Staff Papers, Volume 52, Special Issue, IMF Conference in Honor of Michael Mussa

IMF Staff Papers, Volume 52, Special Issue, IMF Conference in Honor of Michael Mussa »

Volume: 52

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 August 2005

DOI: http://dx.doi.org/10.5089/9781589064478.024

ISBN: 9781589064478

...

IMF Staff Papers, Volume 52, No. 2

IMF Staff Papers, Volume 52, No. 2 »

Volume: 52

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 August 2005

DOI: http://dx.doi.org/10.5089/9781589064485.024

ISBN: 9781589064485

Keywords: exchange rate, currency crashes, international monetary fund, currency crises, economic research, Bank Profits, Banks And Banking. Accounting, Capital Market, Consumption (economics), Credibility

This paper examines contractionary currency crashes in developing countries. It explores the causes of India's productivity surge around 1980, more than a decade before serious economic reforms were initiated. The...

IMF Staff Papers, Volume 52, No. 1

IMF Staff Papers, Volume 52, No. 1 »

Volume: 52

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2005

DOI: http://dx.doi.org/10.5089/9781589064195.024

ISBN: 9781589064195

Keywords: recessions, recession, asian crisis, probability, probabilities, Capital Stock, Convergence (economics), Correlation (statistics), Decomposition Method, Economic Development. Econometric Models

This first issue of IMF Staff Papers for 2005 contains 7 papers that discuss: whether output recovered after the Asian crisis; the value of a country's trading partners to its own economic growth; whether interdepe...

IMF Staff Papers, Volume 51, No. 3

IMF Staff Papers, Volume 51, No. 3 »

Volume: 51

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 November 2004

DOI: http://dx.doi.org/10.5089/9781589063518.024

ISBN: 9781589063518

Keywords: exchange rate, interest rate, international monetary fund, Labor market, Asset Pricing, Cash Flow, Conservatism, Cost-benefit Analysis, Effect Of Inflation On Unemployment, Empirical Methods

This paper tests uncovered interest parity (UIP) using interest rates on longer maturity bonds for the Group of Seven countries. These long-horizon regressions yield much more support for UIP-all of the coefficient...

IMF Staff Papers, Volume 51, No. 2

IMF Staff Papers, Volume 51, No. 2 »

Volume: 51

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 July 2004

DOI: http://dx.doi.org/10.5089/9781589063235.024

ISBN: 9781589063235

Keywords: privatization revenues, privatization programs, privatization transactions, privatization program, American Dollar, Autoregression, Cohort Analysis, Conditionality (finance), Correlation (statistics), Effect Of Education On Economic Development

This second issue for 2004 contains 8 new papers, including notable contributions from: Nancy Brune, Geoffrey Garrett, and Bruce Kogut on the global spread of privatization; and Mark P. Taylor and Elena T. Branson...

IMF Staff Papers, Volume 51, Special Issue, IMF Fourth Annual Research Conference

IMF Staff Papers, Volume 51, Special Issue, IMF Fourth Annual Research Conference »

Volume: 51

Series: IMF Staff Papers

Author(s): Ashoka Mody , and Robert Flood

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 June 2004

DOI: http://dx.doi.org/10.5089/9781589063204.024

ISBN: 9781589063204

Keywords: current account reversals, current account deficit, exchange rate, exchange rate regime, Consumption (economics), Country Risk, Debtor And Creditor, Default (finance),

This is the 2004 (Volume 51) Special Issue of IMF Staff Papers, which includes 6 selected papers (from more than 20) that were presented at the IMF's Fourth Annual Research Conference, November 6-7, 2003....

IMF Staff Papers, Volume 51, No. 1

IMF Staff Papers, Volume 51, No. 1 »

Volume: 51

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 April 2004

DOI: http://dx.doi.org/10.5089/9781589063228.024

ISBN: 9781589063228

Keywords: expenditure, bribe, government expenditure, bribes, Banks and banking, Special Drawing Rights (SDR), Capital Stock, Cointegration, Demand (economic Theory), Empirical Methods

This first issue of Volume 51 for 2004 includes a new paper by Peter B. Clark and Jacques J. Polak, along with a tribute from the Editor to Mr. Polak in honor of his 90th birthday. This issue also launches a new fe...

IMF Staff Papers, Volume 50, No. 3

IMF Staff Papers, Volume 50, No. 3 »

Volume: 50

Series: IMF Staff Papers

Author(s): Robert Flood

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 2003

DOI: http://dx.doi.org/10.5089/9781589062030.024

ISBN: 9781589062030

Keywords: unit root, real exchange rate, confidence intervals, confidence interval, serial correlation

This paper analyzes the issue of purchasing power parity using real effective exchange rate (REER) data for 20 industrial countries in the post-Bretton Woods period. The serial correlation-robust median-unbiased es...

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

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

DOI: http://dx.doi.org/10.5089/9781589062047.024

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...

IMF Staff Papers, Volume 50, No. 2

IMF Staff Papers, Volume 50, No. 2 »

Volume: 50

Series: IMF Staff Papers

Author(s): Robert Flood

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2003

DOI: http://dx.doi.org/10.5089/9781589062023.024

ISBN: 9781589062023

Keywords: tfp, production function, aggregate production function, standard errors, constant returns

This paper examines sources of economic growth in East Asia. The conventional growth-accounting approach to estimating the sources of economic growth requires unrealistically strong assumptions about either competi...

IMF Staff Papers, Volume 50, No. 1

IMF Staff Papers, Volume 50, No. 1 »

Volume: 50

Series: IMF Staff Papers

Author(s): Robert Flood

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 April 2003

DOI: http://dx.doi.org/10.5089/9781589061248.024

ISBN: 9781589061248

Keywords: exchange rates, exchange rate, international monetary fund, fixed exchange rate, flexible exchange rates, IMF staff papers,

Forty years ago, Marcus Fleming and Robert Mundell developed independent models of macroeconomic policy in open economies. Why do we link the two, and why do we call the result the Mundell-Fleming, rather than Fiem...

IMF Staff Papers
			: Volume 49: Special Issue: IMF Annual Research Conference

IMF Staff Papers : Volume 49: Special Issue: IMF Annual Research Conference »

Volume: 49

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2002

DOI: http://dx.doi.org/10.5089/9781589061231.024

ISBN: 9781589061231

Keywords: exchange rate, real exchange, exchange rates, real exchange rate, real interest, IMF Staff papers,

...

IMF Staff Papers, Volume 49, No. 3

IMF Staff Papers, Volume 49, No. 3 »

Volume: 49

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2002

DOI: http://dx.doi.org/10.5089/9781589061224.024

ISBN: 9781589061224

Keywords: money demand, banking crises, exchange rate, interest rates, international monetary fund

This paper empirically investigates the monetary impact of banking crises in Chile, Colombia, Denmark, Japan, Kenya, Malaysia, and Uruguay during 1975-98. Cointegration analysis and error correction modeling are us...

IMF Staff Papers, Volume 49, No. 2

IMF Staff Papers, Volume 49, No. 2 »

Volume: 49

Series: IMF Staff Papers

Author(s): Robert Flood

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2002

DOI: http://dx.doi.org/10.5089/9781589061194.024

ISBN: 9781589061194

Keywords: capital stock, tfp, private sector, growth ? accounting, total factor productivity, IMF staff papers,

This paper explores sources of the output collapse in Russia during transition. A modified growth-accounting framework is developed that takes into account changes in factor utilization that are typical of the tran...

IMF Staff Papers, Volume 48, Special Issue, Transition Economies, How Much Progress?

IMF Staff Papers, Volume 48, Special Issue, Transition Economies, How Much Progress? »

Volume: 48

Series: IMF Staff Papers

Author(s): Richard Haas , Oleh Havrylyshyn , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 April 2002

DOI: http://dx.doi.org/10.5089/9781589061262.024

ISBN: 9781589061262

Keywords: international monetary fund, macroeconomic stabilization, budget constraints, structural reform

...

IMF Staff Papers, Volume 49, No. 1

IMF Staff Papers, Volume 49, No. 1 »

Volume: 49

Series: IMF Staff Papers

Author(s): Robert Flood

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2002

DOI: http://dx.doi.org/10.5089/9781589060975.024

ISBN: 9781589060975

...

IMF Staff Papers, Volume 48, No. 3

IMF Staff Papers, Volume 48, No. 3 »

Volume: 48

Series: IMF Staff Papers

Author(s): Robert Flood

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 January 2002

DOI: http://dx.doi.org/10.5089/9781451973792.024

ISBN: 9781451973792

Keywords: current account, exchange rate, international monetary fund, balance of payments, foreign exchange, IMF staff papers,

This paper analyzes the financial implications of the 1956 crisis of nationalization of the Suez Canal by Egypt. It examines the regional distribution of public employment in Italy. The paper quantifies the impact...

IMF Staff Papers, Volume 48, No. 2

IMF Staff Papers, Volume 48, No. 2 »

Volume: 48

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 December 2001

DOI: http://dx.doi.org/10.5089/9781451974256.024

ISBN: 9781451974256

Keywords: growth rate, growth model, tfp, production function, capita income

This paper analyzes the link between product variety and economic growth. It finds support for the hypothesis that a greater degree of product variety relative to the United States helps to explain relative per cap...

IMF Staff Papers, Volume 47, Special Issue, IMF Annual Research Conference,

IMF Staff Papers, Volume 47, Special Issue, IMF Annual Research Conference, »

Volume: 47

Series: IMF Staff Papers

Author(s): Robert Flood , and Eduardo Borensztein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2001

DOI: http://dx.doi.org/10.5089/9781451963090.024

ISBN: 9781451963090

Keywords: exchange rate, exchange rates, real exchange rates, real exchange rate, balance of payments

This paper presents a broad overview of postwar analytical thinking on international macroeconomics, culminating in a more detailed discussion of recent progress. The paper reviews important empirical evidence that...

IMF Staff Papers, Volume 48, No. 1

IMF Staff Papers, Volume 48, No. 1 »

Volume: 48

Series: IMF Staff Papers

Author(s): Robert Flood

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2001

DOI: http://dx.doi.org/10.5089/9781451974614.024

ISBN: 9781451974614

Keywords: inflation, inflation rate, inflation rates, effect of inflation, fixed effects

This paper re-examines the issue of the existence of threshold effects in the relationship between inflation and growth, using new econometric techniques that provide appropriate procedures for estimation and infer...

IMF Staff Papers, Volume 47, No. 3

IMF Staff Papers, Volume 47, No. 3 »

Volume: 47

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 October 2001

DOI: http://dx.doi.org/10.5089/9781451973747.024

ISBN: 9781451973747

Keywords: investors, investment, foreign investors, investor, investment decisions

This paper provides an overview of the recent theoretical and empirical research on herd behavior in financial markets. It looks at what precisely is meant by herding, the causes of herd behavior, the success of ex...

IMF Staff Papers, Volume 47, No. 1

IMF Staff Papers, Volume 47, No. 1 »

Volume: 47

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2000

DOI: http://dx.doi.org/10.5089/9781451974584.024

ISBN: 9781451974584

Keywords: pyramid scheme, pyramid schemes, deposits, depositors, interest rates

This paper discusses the origins of the pyramid schemes and the way the authorities handled them. The paper analyzes the economic effects of the pyramid schemes, concluding that despite the descent into anarchy tri...

IMF Staff Papers, Volume 47, No. 2

IMF Staff Papers, Volume 47, No. 2 »

Volume: 47

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2000

DOI: http://dx.doi.org/10.5089/9781451974232.024

ISBN: 9781451974232

Keywords: portfolio management, equity capital, portfolios, capital markets

This paper analyzes portfolio diversification, leverage, and financial contagion. It studies the extent to which basic principles of portfolio diversification explain 'contagious selling' of financial assets when t...

IMF Staff Papers, Volume 46, No. 1

IMF Staff Papers, Volume 46, No. 1 »

Volume: 46

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1999

DOI: http://dx.doi.org/10.5089/9781451974553.024

ISBN: 9781451974553

Keywords: unemployment, unemployment rates, skilled workers, unemployment rate, labor force

This economic journal contains theoretical and empirical analyses of varous macroeconomic issues. The studies are prepapred by IMF research staff or consultants. Subjects covered inclulde balance of payments and ex...

IMF Staff papers, Volume 46 No. 2

IMF Staff papers, Volume 46 No. 2 »

Volume: 46

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1999

DOI: http://dx.doi.org/10.5089/9781451974201.024

ISBN: 9781451974201

Keywords: exchange rate, real exchange, real exchange rate, current account, international monetary fund

This paper analyzes the predictability of currency crises. The paper evaluates three models for predicting currency crises that were proposed before 1997. Two of the models failed to provide useful forecasts. One m...

IMF Staff papers, Volume 46 No. 3

IMF Staff papers, Volume 46 No. 3 »

Volume: 46

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1999

DOI: http://dx.doi.org/10.5089/9781451973686.024

ISBN: 9781451973686

Keywords: banking crises, exchange rate, international monetary fund, capital inflows, real interest rates

This paper examines determinants and leading indicators of banking crises. The paper examines episodes of banking system distress and crisis in a large sample of countries to identify which macroeconomic and financ...

IMF Staff papers, Volume 45 No. 2

IMF Staff papers, Volume 45 No. 2 »

Volume: 45

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1998

DOI: http://dx.doi.org/10.5089/9781451974164.024

ISBN: 9781451974164

Keywords: capital markets, interest rate, domestic banks, financial intermediation, capital market, IMF Staff Papers,

This paper analyzes contagion and volatility with imperfect credit markets. The paper interprets contagion effects as an increase in the volatility of shocks impinging on the economy. The implications of this appro...

IMF Staff papers, Volume 45 No. 1

IMF Staff papers, Volume 45 No. 1 »

Volume: 45

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1998

DOI: http://dx.doi.org/10.5089/9781451974515.024

ISBN: 9781451974515

Keywords: exchange rate, real exchange, real exchange rate, currency crises, interest rates

This paper analyzes some leading indicators of currency crises, and proposes a specific early warning system. This system involves monitoring the evolution of several indicators that tend to exhibit an unusual beha...

IMF Staff papers, Volume 45 No. 4

IMF Staff papers, Volume 45 No. 4 »

Volume: 45

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1998

DOI: http://dx.doi.org/10.5089/9781451972771.024

ISBN: 9781451972771

Keywords: corruption, bribes, public officials, public sector, bribe

This paper describes the issue of corruption around the world. The paper surveys and discusses issues related to the causes, consequences, and scope of corruption, and possible corrective actions. It emphasizes the...

IMF Staff papers, Volume 45 No. 3

IMF Staff papers, Volume 45 No. 3 »

Volume: 45

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1998

DOI: http://dx.doi.org/10.5089/9781451973600.024

ISBN: 9781451973600

Keywords: exchange rate, business cycle, exchange rates, international trade, real exchange

This paper presents international evidence on the determinants of trade dynamics. It provides some new empirical perspectives on the relationship between international trade and macroeconomic fluctuations in indust...

IMF Staff papers, Volume 44 No. 3

IMF Staff papers, Volume 44 No. 3 »

Volume: 44

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1997

DOI: http://dx.doi.org/10.5089/9781451973464.024

ISBN: 9781451973464

Keywords: banking sector, nonperforming loans, banking system, individual banks, bank failure, IMF Staff Papers,

This paper studies the case of Mexico to examine determinants of banking system fragility. The paper tests empirically the proposition that bank fragility is determined by bank-specific factors, macroeconomic condi...

IMF Staff papers
			: Volume 44 No. 4

IMF Staff papers : Volume 44 No. 4 »

Volume: 44

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1997

DOI: http://dx.doi.org/10.5089/9781451930962.024

ISBN: 9781451930962

Keywords: dummy variables, international monetary fund, capital stock, output growth, exchange rate

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...

IMF Staff papers
			: Volume 44 No. 2

IMF Staff papers : Volume 44 No. 2 »

Volume: 44

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1997

DOI: http://dx.doi.org/10.5089/9781451947243.024

ISBN: 9781451947243

Keywords: financial market, pension reform, financial markets, pension fund, debt

The Chilean pension reform of 1981, a shift from cm unfunded to a funded scheme, is considered to have contributed to this country’s excellent economic performance. Positive growth effects allow, in principl...

IMF Staff papers
			: Volume 44 No. 1

IMF Staff papers : Volume 44 No. 1 »

Volume: 44

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1997

DOI: http://dx.doi.org/10.5089/9781451957112.024

ISBN: 9781451957112

Keywords: labor market, unemployment rate, labor market policies, unemployment benefits, unemployed

This paper argues that an important group of labor market policies are complementary in the sense that the effect of each policy is greater when implemented in conjunction with the other policies than in isolation....

IMF Staff papers
			: Volume 43 No. 4

IMF Staff papers : Volume 43 No. 4 »

Volume: 43

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1996

DOI: http://dx.doi.org/10.5089/9781451930931.024

ISBN: 9781451930931

Keywords: capital controls, capital flows, capital markets, capital mobility, capital outflows, IMF staff papers,

This paper reviews recent theoretical and empirical work on controls over International capital movements. Theoretical contributions reviewed focus on “second-best “ arguments for capital market restr...

IMF Staff papers, Volume 43 No. 1

IMF Staff papers, Volume 43 No. 1 »

Volume: 43

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1996

DOI: http://dx.doi.org/10.5089/9781451957099.024

ISBN: 9781451957099

Keywords: military spending, military expenditures, capital investment, resource allocation, cold war

This paper extends a standard growth model and obtains consistent panel data estimates of the growth retarding effects of military spending via its adverse impact on capital formation and resource allocation. Simul...

IMF Staff papers
			: Volume 43 No. 2

IMF Staff papers : Volume 43 No. 2 »

Volume: 43

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1996

DOI: http://dx.doi.org/10.5089/9781451947229.024

ISBN: 9781451947229

Keywords: labor market, labor markets, skilled workers, labor costs, labor force

This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It...

IMF Staff papers, Volume 43 No. 3

IMF Staff papers, Volume 43 No. 3 »

Volume: 45

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1996

DOI: http://dx.doi.org/10.5089/9781451973440.024

ISBN: 9781451973440

Keywords: emerging markets, mature markets, investment, portfolios, equity markets

This paper examines the volatility and predictability of emerging stock markets. A range of measures suggests that, despite perceptions to the contrary, the volatility of emerging markets may have fallen rather tha...

IMF Staff papers
			: Volume 42 No. 1

IMF Staff papers : Volume 42 No. 1 »

Volume: 42

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1995

DOI: http://dx.doi.org/10.5089/9781451957068.024

ISBN: 9781451957068

Keywords: budget, debt, budget deficits, public debt, deficit

This paper provides a critical survey of the literature on politico-institutional determinants of the government budget. We organize our discussion around two questions: Why did certain OECD countries, but not othe...

IMF Staff papers, Volume 42 No. 3

IMF Staff papers, Volume 42 No. 3 »

Volume: 42

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1995

DOI: http://dx.doi.org/10.5089/9781451973396.024

ISBN: 9781451973396

Keywords: exchange rate, real exchange, exchange rates, real exchange rate, real exchange rates

This paper analyzes long-term exchange rate modeling. The paper reviews the literature that tests for a unit root in real exchange rates and the closely related work on testing for a unit root in the residual from...

IMF Staff papers, Volume 42 No. 4

IMF Staff papers, Volume 42 No. 4 »

Volume: 44

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1995

DOI: http://dx.doi.org/10.5089/9781451930900.024

ISBN: 9781451930900

Keywords: international monetary fund, balance of payments, exchange rate, exchange rates, money supply

This paper describes early contributions of Staff Papers to international economics. The paper highlights that Staff Papers has, since its inception in 1950, been an important vehicle for the dissemination of resea...

IMF Staff papers
			: Volume 42 No. 2

IMF Staff papers : Volume 42 No. 2 »

Volume: 42

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1995

DOI: http://dx.doi.org/10.5089/9781451947205.024

ISBN: 9781451947205

Keywords: public investment, rate of growth, government spending, fixed effects, random effects

This paper develops an endogenous growth model of the influence of public investment, public transfers, and distortionary taxation on the rate of economic growth. The growth–enhancing effects of investment i...

IMF Staff papers
			: Volume 41 No. 2

IMF Staff papers : Volume 41 No. 2 »

Volume: 41

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1994

DOI: http://dx.doi.org/10.5089/9781451947168.024

ISBN: 9781451947168

Keywords: commodity prices, commodity, commodity price, industrial countries, primary commodity

Primary commodities still account for the bulk of exports in many developing countries. However, real commodity prices have been declining almost continuously since the early 1980s. The appropriate policy response...

IMF Staff papers, Volume 41 No. 1

IMF Staff papers, Volume 41 No. 1 »

Volume: 41

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1994

DOI: http://dx.doi.org/10.5089/9781451957037.024

ISBN: 9781451957037

Keywords: growth rate, endogenous growth, growth model, economic growth, per capita income

This paper examines effects of economic growth and speed of adjustment on openness, human development, and fiscal policies. The model developed in this paper postulates that learning through experience raises labor...

IMF Staff papers, Volume 41 No. 3

IMF Staff papers, Volume 41 No. 3 »

Volume: 41

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1994

DOI: http://dx.doi.org/10.5089/9781451973303.024

ISBN: 9781451973303

Keywords: payments, central bank, credit, monetary policy, monetary management

This paper focuses on the payments system reforms and monetary policy in emerging market economies in Central and Eastern Europe. The reforms in the payments system are viewed as closely interrelated with the devel...

IMF Staff papers
			: Volume 41 No. 4

IMF Staff papers : Volume 41 No. 4 »

Volume: 41

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1994

DOI: http://dx.doi.org/10.5089/9781451930887.024

ISBN: 9781451930887

Keywords: currency union, exchange rate, exchange rates, exchange rate regime, currency unions

The paper presents a model of optimum currency areas using a general equilibrium approach with regionally differentiated goods. The choice of a currency union depends upon the size of the underlying disturbances, t...

IMF Staff papers
			: Volume 40 No. 3

IMF Staff papers : Volume 40 No. 3 »

Volume: 40

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1993

DOI: http://dx.doi.org/10.5089/9781451973259.024

ISBN: 9781451973259

Keywords: bidders, bidder, securities, bids, foreign exchange

This paper assesses alternative auction techniques for pricing and allocating various financial instruments, such as government securities, central bank refinance credit, and foreign exchange. Before recommending a...

IMF Staff papers
			: Volume 40 No. 2

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

DOI: http://dx.doi.org/10.5089/9781451947137.024

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...

IMF Staff papers
			: Volume 40 No. 1

IMF Staff papers : Volume 40 No. 1 »

Volume: 40

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1993

DOI: http://dx.doi.org/10.5089/9781451956986.024

ISBN: 9781451956986

The declines in economic activity experienced by Bulgaria, the Czech and Slovak Federal Republic, and Romania in the period since market-oriented reforms were initiated are analyzed. After reviewing developments in...

IMF Staff papers
			: Volume 40 No. 4

IMF Staff papers : Volume 40 No. 4 »

Volume: 40

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1993

DOI: http://dx.doi.org/10.5089/9781451930856.024

ISBN: 9781451930856

Keywords: workers, wages, skilled workers, worker, human capital

This paper uses microeconomic panel data to examine differences in the cyclical variability of employment, hours, and real wages for skilled and unskilled workers. Contrary to conventional wisdom, it finds that, at...

IMF Staff papers, Volume 39 No. 1

IMF Staff papers, Volume 39 No. 1 »

Volume: 39

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1992

DOI: http://dx.doi.org/10.5089/9781451956948.024

ISBN: 9781451956948

Keywords: exchange rate, exchange rates, foreign exchange, interest rates, real interest

This paper focuses on exchange rate economics. Two main views of exchange rate determination have evolved since the early 1970s: the monetary approach to the exchange rate (in flexible-price, sticky-price, and real...

IMF Staff papers
			: Volume 39 No. 4

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

DOI: http://dx.doi.org/10.5089/9781451930825.024

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...

IMF Staff papers
			: Volume 39 No. 2

IMF Staff papers : Volume 39 No. 2 »

Volume: 39

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1992

DOI: http://dx.doi.org/10.5089/9781451947106.024

ISBN: 9781451947106

...

IMF Staff papers
			: Volume 39 No. 3

IMF Staff papers : Volume 39 No. 3 »

Volume: 39

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1992

DOI: http://dx.doi.org/10.5089/9781451973174.024

ISBN: 9781451973174

...

IMF Staff papers
			: Volume 38 No. 4

IMF Staff papers : Volume 38 No. 4 »

Volume: 38

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1991

DOI: http://dx.doi.org/10.5089/9781451930801.024

ISBN: 9781451930801

Keywords: inflation, seigniorage, interest, rate of inflation, inflation tax

The welfare effects of mitigating the costs of inflation are examined. In a model where money reduces transactions costs, a fall in inflation costs is equivalent to financial innovation. This can be caused by payin...

IMF Staff papers
			: Volume 38 No. 2

IMF Staff papers : Volume 38 No. 2 »

Volume: 38

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1991

DOI: http://dx.doi.org/10.5089/9781451947076.024

ISBN: 9781451947076

Keywords: world prices, balance of payments, current account, terms of trade, trade data

The CMEA countries are starting to conduct their trade at world prices and in convertible currencies. These are crucial steps in economic reform but will worsen Eastern Europe’s terms of trade and drive it i...

IMF Staff papers
			: Volume 38 No. 1

IMF Staff papers : Volume 38 No. 1 »

Volume: 38

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1991

DOI: http://dx.doi.org/10.5089/9781451956917.024

ISBN: 9781451956917

The long-run properties of money demand functions in the large industrial countries are examined under the hypothesis that the long-run functions have been stable but that the dynamic adjustment processes are more...

IMF Staff papers
			: Volume 38 No. 3

IMF Staff papers : Volume 38 No. 3 »

Volume: 38

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1991

DOI: http://dx.doi.org/10.5089/9781451973136.024

ISBN: 9781451973136

Keywords: current account, real exchange, real exchange rate, exchange rate, trade liberalization

Trade liberalization in developing countries is frequently opposed on the grounds that, because it is likely to cause a deterioration in the external balance, it may not be a viable policy option for countries faci...

IMF Staff papers, Volume 37 No. 1

IMF Staff papers, Volume 37 No. 1 »

Volume: 37

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1990

DOI: http://dx.doi.org/10.5089/9781451956863.024

ISBN: 9781451956863

Keywords: tax reform, taxes, saving rate, income tax, tax rates

This paper examines factors affecting saving, policy tools, and tax reform. The literature on factors affecting saving and capital formation in industrialized countries is reviewed, and measurement problems are exa...

IMF Staff papers, Volume 37 No. 3

IMF Staff papers, Volume 37 No. 3 »

Volume: 40

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1990

DOI: http://dx.doi.org/10.5089/9781451973068.024

ISBN: 9781451973068

Keywords: real interest, real interest rate, labor force, exchange rate, industrial countries

This paper analyzes macroeconomic effects of projected population aging in industrial countries. The effects of population aging are examined with a theoretical model and simulations of the IMF's multiregion econom...

IMF Staff papers, Volume 37 No. 2

IMF Staff papers, Volume 37 No. 2 »

Volume: 37

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1990

DOI: http://dx.doi.org/10.5089/9781451947069.024

ISBN: 9781451947069

Keywords: inflation, balance of payments, current account, macroeconomic stability

This paper examines the macroeconomic effects of IMF-supported adjustment programs. The evidence is reviewed for such effects, and new estimates are provided of these effects for 69 developing countries with progra...

IMF Staff papers
			: Volume 37 No. 4

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

DOI: http://dx.doi.org/10.5089/9781451930788.024

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...

IMF Staff papers
			: Volume 36 No. 4

IMF Staff papers : Volume 36 No. 4 »

Volume: 36

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1989

DOI: http://dx.doi.org/10.5089/9781451930757.024

ISBN: 9781451930757

Keywords: fiscal policy, public sector, international monetary fund, net worth, social security

Two recent criticisms of summary fiscal indicators are appraised: first, that they and the conventionally measured public sector balances from which they are derived are not sufficiently broadly defined; second, th...

IMF Staff papers
			: Volume 36 No. 2

IMF Staff papers : Volume 36 No. 2 »

Volume: 36

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1989

DOI: http://dx.doi.org/10.5089/9781451947045.024

ISBN: 9781451947045

...

IMF Staff papers
			: Volume 36 No. 1

IMF Staff papers : Volume 36 No. 1 »

Volume: 36

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1989

DOI: http://dx.doi.org/10.5089/9781451956825.024

ISBN: 9781451956825

Keywords: current account, exchange rate, real exchange, real exchange rate, fiscal policy, IMF Staff Papers,

The determinants of current account imbalances under floating exchange rates are analyzed. The analysis provides a framework within which the sources of. and the remedies for, the current account imbalances between...

IMF Staff papers
			: Volume 36 No. 3

IMF Staff papers : Volume 36 No. 3 »

Volume: 36

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1989

DOI: http://dx.doi.org/10.5089/9781451973037.024

ISBN: 9781451973037

Keywords: inflation, exchange rate, inflation rate, nominal exchange rate, rate of inflation

Although accommodative policies and widespread indexation may account for the persistence of high inflation, they cannot explain changes in the inflation rate. The causes of such changes for the high-inflation epis...

IMF Staff papers
			: Volume 35 No. 4

IMF Staff papers : Volume 35 No. 4 »

Volume: 35

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1988

DOI: http://dx.doi.org/10.5089/9781451930733.024

ISBN: 9781451930733

Keywords: terms of trade, exchange rate, real exchange, real exchange rate, relative price

An intertemporal optimizing model of a small open economy is used to analyze how terms of trade changes affect real exchange rates and the trade balance. Temporary current, (expected) future, and permanent changes...

IMF Staff papers
			: Volume 35 No. 2

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

DOI: http://dx.doi.org/10.5089/9781451947021.024

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...

IMF Staff papers
			: Volume 35 No. 1

IMF Staff papers : Volume 35 No. 1 »

Volume: 35

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1988

DOI: http://dx.doi.org/10.5089/9781451956771.024

ISBN: 9781451956771

Keywords: debt, budget, interest, government spending, government budget, Modeling and Testing,

A central proposition regarding effects of different mechanisms of fi-nancing public expenditures is that, under specific circumstances, it makes no difference to the level of aggregate demand if the government fin...

IMF Staff papers
			: Volume 35 No. 3

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

DOI: http://dx.doi.org/10.5089/9781451972986.024

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...

IMF Staff papers
			: Volume 34 No. 2

IMF Staff papers : Volume 34 No. 2 »

Volume: 34

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1987

DOI: http://dx.doi.org/10.5089/9781451946987.024

ISBN: 9781451946987

Keywords: commodity, export, commodity exports, primary commodity, food exports

This paper studies the flow of primary commodity exports from non-oil exporting developing countries grouped by geographical region. The first part analyzes the changes in the structure of developing country commod...

IMF Staff papers
			: Volume 34 No. 4

IMF Staff papers : Volume 34 No. 4 »

Volume: 34

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1987

DOI: http://dx.doi.org/10.5089/9781451930719.024

ISBN: 9781451930719

Keywords: exchange rate, government spending, exchange rate regime, exchange rates, fiscal policies, IMF staff papers,

The Mundell-Fleming model of international macroeconomic originated in the early 1960s and has been extended during the ensuing quarter century. This paper develops an exposition that integrates the various facets...

IMF Staff papers
			: Volume 34 No. 1

IMF Staff papers : Volume 34 No. 1 »

Volume: 34

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1987

DOI: http://dx.doi.org/10.5089/9781451956740.024

ISBN: 9781451956740

...

IMF Staff papers
			: Volume 34 No. 3

IMF Staff papers : Volume 34 No. 3 »

Volume: 34

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1987

DOI: http://dx.doi.org/10.5089/9781451972931.024

ISBN: 9781451972931

Keywords: interest rates, exchange rate, real interest, real wages, real interest rates

In the middle of 1985 Argentina and Israel launched frontal attacks on inflation which succeeded in reducing it drastically during the first year without very significant costs in employment and output. Despite bas...

IMF Staff papers
			: Volume 33 No. 4

IMF Staff papers : Volume 33 No. 4 »

Volume: 33

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1986

DOI: http://dx.doi.org/10.5089/9781451930696.024

ISBN: 9781451930696

...

IMF Staff papers
			: Volume 33 No. 1

IMF Staff papers : Volume 33 No. 1 »

Volume: 33

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1986

DOI: http://dx.doi.org/10.5089/9781451956726.024

ISBN: 9781451956726

...

IMF Staff papers
			: Volume 33 No. 3

IMF Staff papers : Volume 33 No. 3 »

Volume: 33

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1986

DOI: http://dx.doi.org/10.5089/9781451972887.024

ISBN: 9781451972887

...

IMF Staff papers
			: Volume 33 No. 2

IMF Staff papers : Volume 33 No. 2 »

Volume: 33

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1986

DOI: http://dx.doi.org/10.5089/9781451946956.024

ISBN: 9781451946956

Keywords: international monetary fund, monetary policy, interest, budget, central bank

WILLIAM. white, who joined the International Monetary Fund in 1948, spent his entire professional life in the Research Department. Present and past staff members, many of whom benefited from his advice, have asked...

IMF Staff papers
			: Volume 32 No. 4

IMF Staff papers : Volume 32 No. 4 »

Volume: 32

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1985

DOI: http://dx.doi.org/10.5089/9781451930672.024

ISBN: 9781451930672

...

IMF Staff papers
			: Volume 32 No. 2

IMF Staff papers : Volume 32 No. 2 »

Volume: 32

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1985

DOI: http://dx.doi.org/10.5089/9781451946932.024

ISBN: 9781451946932

...

IMF Staff papers
			: Volume 32 No. 1

IMF Staff papers : Volume 32 No. 1 »

Volume: 32

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1985

DOI: http://dx.doi.org/10.5089/9781451956696.024

ISBN: 9781451956696

...

IMF Staff papers
			: Volume 32 No. 3

IMF Staff papers : Volume 32 No. 3 »

Volume: 32

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1985

DOI: http://dx.doi.org/10.5089/9781451972863.024

ISBN: 9781451972863

...