Back Matter
Author:
Mr. Krishna Srinivasan
Search for other papers by Mr. Krishna Srinivasan in
Current site
Google Scholar
Close
,
Erich Spitäller https://isni.org/isni/0000000404811396 International Monetary Fund

Search for other papers by Erich Spitäller in
Current site
Google Scholar
Close
,
Mr. M. Braulke https://isni.org/isni/0000000404811396 International Monetary Fund

Search for other papers by Mr. M. Braulke in
Current site
Google Scholar
Close
,
Mr. Christian B. Mulder
Search for other papers by Mr. Christian B. Mulder in
Current site
Google Scholar
Close
,
Mr. Hisanobu Shishido
Search for other papers by Mr. Hisanobu Shishido in
Current site
Google Scholar
Close
,
Mr. Kenneth M. Miranda
Search for other papers by Mr. Kenneth M. Miranda in
Current site
Google Scholar
Close
,
Mr. John R Dodsworth
Search for other papers by Mr. John R Dodsworth in
Current site
Google Scholar
Close
, and
Keon Lee https://isni.org/isni/0000000404811396 International Monetary Fund

Search for other papers by Keon Lee in
Current site
Google Scholar
Close

Abstract

Ranking of Low-Income Countries According to Share of Industry in GDP, 1987,1

Statistical Appendix

Table A1.

Ranking of Low-Income Countries According to Share of Industry in GDP, 1987,1

article image
Sources: World Bank, World Development Report 1990; General Statistical Office; and IMF staff estimates.

Sample of countries with population over 10 million and per capita income of $160-$500 in 1987.

Per capita income of 1989.

Table A2.

Food Production

article image
Sources: Ministry of Agriculture and Forestry; and General Statistical Office.

In rice equivalent units. One kilogram of paddy is approximately equivalent to 3 kilograms each of maize, sweet potatoes, or cassava.

Table A3.

Value of Gross Agricultural Production

article image
Sources: Ministry of Agriculture and Forestry; and General Statistical Office.

Preliminary data and estimates. The total for industrial and noncereal food crops is D 4,364 billion for 1993 and D 4,536 billion for 1994.

Table A4.

Agricultural Production by Type of Crop, 1988

(Share in total)

article image
Sources: General Statistical Office; and IMF staff estimates.
Table A5.

Farm Households Organized in Cooperatives, 1988

article image
Sources: General Statistical Office; and IMF staff estimates. Note: Production brigades are not included.
Table A6.

Number of State and Collective Units in Agriculture

article image
Sources: General Statistical Office; and Kim (1994).

Estimated.

Table A7.

Industrial Production by Sector and Ownership

article image
Sources: General Statistical Office; and IMF staff estimates.

Preliminary data.

Table A8.

Gross Industrial Production by Sector and Main Products

article image
Source: General Statistical Office.

Preliminary estimates.

Table A9.

GDP by Sectoral Origin and Ownership at Constant Prices

article image
Sources: General Statistical Office; and IMF staff estimates.

Preliminary data.

Table A10.

GDP by Expenditure Category

article image
Sources: General Statistical Office; and IMF staff estimates. Note: Data on capital formation and consumption before 1990 are not reliable owing to large statistical discrepancies.

Preliminary data.

Net exports of goods and nonfactor services.

Table A11.

Total Employment by Economic Sector

article image
Sources: General Statistical Office; and IMF staff estimates.

Preliminary data.

Table A12.

Employment by Sector and Ownership

article image
Sources: General Statistical Office; and IMF staff estimates.

Preliminary data.

The split between the government and state enterprises is for most years approximated by the split between nonmaterial and material sector employment.

Table A13.

Government Revenue by Sector

article image
Sources: Ministry of Finance; General Statistical Office; and IMF staff estimates.

Preliminary data.

Table A14.

Net FDI Inflows: Selected International Comparisons, 1993

article image
Sources: IMF, International Financial Statistics (IFS); and Vietnamese authorities. Note: Except where indicated, all data are for 1993.
Table A15.

Selected Agricultural Prices by Region

(Percent change)

article image
Source: State Pricing Committee, General Statistical Office.
Table A16.

National Consumer Prices by Component

article image
Source: General Statistical Office. Note: (1) Weights in percent. (2) Changes through the year in percent. (3) = (l)*(2), that is, component price changes in terms of change in total CPI. (4) = (3)/Total CPI change, that is, inflation share in percent. GSO-reported changes in the aggregate CPI are: 19921993199417.55.214.5

Twelve-month period ended May 1995.

Table A17.

CPI (Excluding Staples Prices) and Results of Money Regression

article image
Note: Dependent variable: Month-to-month percentage change in consumer price index, excluding staples. Independent variables: Month-to-month percentage change in total liquidity (contemporaneous and with lags).

A Durbin-Watson statistic close to 2.0 indicates the absence of serial correlation.

The sum of lag coefficients is an estimate of the long-run multiplier and will approximate to unity as lag length increases.

Table A18.

CPI Components and Results of Money Regression

article image
Note: Dependent variable: Month-to-month percentage change in consumer price index components. Independent variables: Month-to-month percentage change in total liquidity (contemporaneous and with lags).

A Durbin-Watson statistic close to 2.0 indicates the absence of serial correlation.

The sum of lag coefficients is an estimate of the long-run multiplier and will approximate to unity as lag length increases.

Bibliography

  • Agenor, Pierre-Richard. 1990a, “Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange: A Formal Framework,” Staff Papers, International Monetary Fund, Vol. 37 (September), pp. 56092.

    • Search Google Scholar
    • Export Citation
  • Agenor, Pierre-Richard. 1990b, “Parallel Currency Markets in Developing Countries: Theory, Evidence, and Policy Implications,” IMF Working Paper 90/114 (Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • Agenor, Pierre-Richard. and Mohsin S. Khan, 1992, “Foreign Currency Deposits and the Demand for Money in Developing Countries,” IMF Working Paper 92/1 (Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • Aghevli, Bijan B., 1992, “Centrally Planned Economies in Transition: An Asian Perspective” (Unpublished; Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • Aghevli, Bijan B., Mohsin Khan, and Peter Montiel, 1991, Exchange Rate Policy in Developing Countries: Some Analytical Issues, IMF Occasional Paper No. 78 (Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • Blejer, Mario I., 1978, “Black-Market Exchange-Rate Expectations and the Domestic Demand for Money,” Journal of Monetary Economics, Vol. 4 (November), pp. 76773.

    • Search Google Scholar
    • Export Citation
  • Bordo, Michael D., Ehsan U. Choudhri, 1982, “Currency Substitution and the Demand for Money: Some Evidence for Canada,” Journal of Money, Credit, and Banking, Vol. 14 (February), pp. 4857.

    • Search Google Scholar
    • Export Citation
  • Brillembourg, Arturo, and Susan M. Schadler, 1979, “A Model of Currency Substitution in Exchange Rate Determination, 1973-78,” Staff Papers, International Monetary Fund, Vol. 26 (September), pp. 51342.

    • Search Google Scholar
    • Export Citation
  • Brittain, Bruce, 1981, “International Currency Substitution and the Apparent Instability of Velocity in Some Western European Economies and in the United States,” Journal of Money, Credit, and Banking, Vol. 13 (May), pp. 13555.

    • Search Google Scholar
    • Export Citation
  • Bruno, Michael, and William Easterly, 1995, “Inflation Crises and Long-Run Growth,” NBER Working Paper No. 5209 (Cambridge, Massachusetts: National Bureau of Economic Research).

    • Search Google Scholar
    • Export Citation
  • Calvo, Guillermo A., and Carlos Alfredo Rodriguez, 1977, “A Model of Exchange Rate Determination under Currency Substitution and Rational Expectations,” Journal of Political Economy, Vol. 85 (June), pp. 61725.

    • Search Google Scholar
    • Export Citation
  • Calvo, Guillermo, and Carlos Vegh, 1992, “Currency Substitution in Developing Countries: An Introduction,” Revista de Análisis Económico, Vol. 7 (June), pp. 327.

    • Search Google Scholar
    • Export Citation
  • Canto, Victor A., 1985, “Monetary Policy, ‘Dollarization,’ and Parallel Market Exchange Rates: The Case of the Dominican Republic,” Journal of International Money and Finance, Vol. 4 (December), pp. 50721.

    • Search Google Scholar
    • Export Citation
  • Cuddington, John T., 1983, “Currency Substitution, Capital Mobility, and Money Demand,” Journal of International Money and Finance, Vol. 2 (August), pp. 11133.

    • Search Google Scholar
    • Export Citation
  • Dodsworth, J.R., M.A. El-Erian, and D. Hammann, 1987, “Foreign Currency Deposits in Developing Countries—Origins and Economic Implications,” IMF Working Paper 87/12 (Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • Due, Ngo Huy, 1995, “Currency Substitution in a Developing Economy with Special Reference to Vietnam” (Unpublished; Canberra: Australian National University, National Centre for Development Studies).

    • Search Google Scholar
    • Export Citation
  • Edwards, Sebastian, 1989, Real Exchange Rates, Devaluation, and Adjustment: Exchange Rate Policy in Developing Countries (Cambridge, Massachusetts: MIT Press).

    • Search Google Scholar
    • Export Citation
  • Eken, Sena, and others, 1995, Economic Dislocation and Recovery in Lebanon, Occasional Paper No. 120 (Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • El-Erian, Mohamed, 1988, “Currency Substitution in Egypt and the Yemen Arab Republic: A Comparative Qualitative Analysis,” Staff Papers International Monetary Fund, Vol. 35 (March), pp. 85103.

    • Search Google Scholar
    • Export Citation
  • Far Eastern Economic Review, 1995, “Ding Dong Dollar” (March 30), p. 5.

  • Fasano-Filho, Ugo, 1986, “Currency Substitution and the Demand for Money: The Argentine Case, 1960-1976,” Weltwirtschaftliches Archiv, Vol. 122, pp. 32739.

    • Search Google Scholar
    • Export Citation
  • Fischer, Stanley, 1982, “Seigniorage and the Case for a National Money,” Journal of Political Economy, Vol. 90 (April), pp. 295313.

    • Search Google Scholar
    • Export Citation
  • Girton, Lance. Roper, Don 1981, “Theory and Implications of Currency Substitution,” Journal of Money, Credit, and Banking, Vol. 13 (February), pp. 1230.

    • Search Google Scholar
    • Export Citation
  • Guidotti, Pablo E., and Carlos A. Rodriguez, 1992, “Dollarization in Latin America: Gresham’s Law in Reverse?Staff Papers, International Monetary Fund, Vol. 39 (September), pp. 51844.

    • Search Google Scholar
    • Export Citation
  • International Currency Analysis, Inc., World Currency Yearbook (Brooklyn, New York: International Currency Analysis, Inc.), various issues.

    • Search Google Scholar
    • Export Citation
  • Joines, Douglas H., 1985, “International Currency Substitution and the Income Velocity of Money,” Journal of International Money and Finance, Vol. 4 (September), pp. 30316.

    • Search Google Scholar
    • Export Citation
  • Kamin, Steven B., 1991, Argentina’s Experience with Parallel Exchange Markets, 1981-1990 (Washington: Board of Governors of the Federal Reserve System).

    • Search Google Scholar
    • Export Citation
  • ———, 1993, “Devaluation, Exchange Controls, and Black Markets for Foreign Exchange in Developing Countries,” Journal of Development Economics, Vol. 40 (February), pp. 15169.

    • Search Google Scholar
    • Export Citation
  • Kiguel, Miguel A., and Stephen A. O’Connell, 1994, Parallel Exchange Rates in Developing Countries: Lessons from Eight Case Studies, World Bank Policy Research Working Paper No. 1265 (Washington: World Bank).

    • Search Google Scholar
    • Export Citation
  • Kim, Tran Hoang, 1994, “Economy of Viet Nam, Reviews and Statistics” (Hanoi: Statistical Publishing House).

  • Krueger, Russell, and Jiming Ha, 1995, “Measurement of Co-circulation of Currencies,” IMF Working Paper 95/34 (Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • Lee, Keon H., 1992, “Bangladesh: Issues in Exchange Rate Policy” (Unpublished; Washington: International Monetary Fund).

  • Lipton, David, and Jeffrey Sachs, 1990, “Creating a Market Economy in Eastern Europe: The Case of Poland,” Brookings Papers on Economic Activity:I, Brookings Institution, pp. 75147.

    • Search Google Scholar
    • Export Citation
  • Lipworth, Gabrielle, Erich Spitäller, 1993, “Viet Nam—Reform and Stabilization, 1986-92,” IMF Working Paper 93/46 (Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • Milanovic, Branko, 1989, Liberalization and Entrepreneurship: Dynamics of Reform in Socialism and Capitalism (Armonk, N.Y.: M.E. Sharpe, Inc.).

    • Search Google Scholar
    • Export Citation
  • Miles, Marc A., 1978, “Currency Substitution, Flexible Exchange Rates, and Monetary Independence,” American Economic Review, Vol. 68 (June), pp. 42836.

    • Search Google Scholar
    • Export Citation
  • Montiel, Peter J., Pierre-Richard Agenor, and Nadeem Ul Haque, 1993, Informal Financial Markets in Developing Countries: A Macroeconomic Analysis (Cambridge, Massachusetts: Blackwell).

    • Search Google Scholar
    • Export Citation
  • Montiel, Peter J., and Jonathan Ostry, 1994, “Parallel Market Premium: Is It a Reliable Indicator of Real Exchange Rate Misalignment in Developing Countries?Staff Papers, International Monetary Fund, Vol. 41 (March), pp. 5575.

    • Search Google Scholar
    • Export Citation
  • Mueller, Johannes, 1994, “Dollarization in Lebanon,” IMF Working Paper 94/129 (Washington: International Monetary Fund).

  • Ortiz, Guillermo, 1983, “Dollarization in Mexico: Causes and Consequences,” in Financial Policies and the World Capital Market: The Problem of Latin American Countries, Pedro Aspe Armella, Dornbusch, Rudiger Obstfeld Maurice (Chicago: University of Chicago Press).

    • Search Google Scholar
    • Export Citation
  • Pinto, Brian, 1991, “Black Markets for Foreign Exchange, Real Exchange Rates and Inflation,” Journal of International Economics, Vol. 30 (February), pp. 12135.

    • Search Google Scholar
    • Export Citation
  • Quirk, Peter J., and others, 1987, Floating Exchange Rates in Developing Countries: Experience with Auction and Interbank Markets, IMF Occasional Paper No. 53 (Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • Ramirez-Rojas, C.L., 1985, “Currency Substitution in Argentina, Mexico, and Uruguay,” Staff Papers, International Monetary Fund, Vol. 32 (December), pp. 62967.

    • Search Google Scholar
    • Export Citation
  • Ronnas, Per, and Orjan Sjoberg, 1991, Socio-Economic Development in Vietnam: The Agenda for the 1990s, Swedish International Development Authority.

    • Search Google Scholar
    • Export Citation
  • Sachs, Jeffrey, 1993, Poland’s Jump to the Market Economy (Cambridge, Massachusetts: MIT Press).

  • Sahay, Ratna, and Carlos A. Végh, 1995a, “Dollarization in Transition Economies, Finance and Development, Vol. 32 (March), pp. 3639.

    • Search Google Scholar
    • Export Citation
  • Sahay, Ratna, and Carlos A. Végh, 1995b, “Inflation and Stabilization in Transition Economies: A Comparison with Market Economies,” IMF Working Paper 95/8 (Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • Savastano, Miguel A., 1992, “The Pattern of Currency Substitution in Latin America: An Overview,” Revista de Andlisis Economico, Vol. 7 (June), pp. 2972.

    • Search Google Scholar
    • Export Citation
  • Sheikh, Munir A., 1976, “Black Market for Foreign Exchange, Capital Flows, and Smuggling,” Journal of Development Economics, Vol. 3, pp. 926.

    • Search Google Scholar
    • Export Citation
  • Sturzenegger, Frederico, 1992,“Currency Substitution and the Regressivity of Inflationary Taxation,” Revista de Andlisis Economico, Vol. 7 (June), pp. 17792.

    • Search Google Scholar
    • Export Citation
  • Tanzi, Vito, and Mario I. Blejer, 1982, “Inflation, Interest Rate Policy, and Currency Substitutions in Developing Economies: A Discussion of Some Major Issues,” World Development, Vol. 10 (September), pp. 78189.

    • Search Google Scholar
    • Export Citation
  • Végh, Carlos A., 1989, “The Optimal Inflation Tax in the Presence of Currency Substitution,” Journal of Monetary Economics, Vol. 24 (July), pp. 13946.

    • Search Google Scholar
    • Export Citation
  • World Bank, 1993a, Adjustment in Africa: Reforms, Results, and the Road Ahead, World Bank Policy Research Report (Washington: World Bank).

    • Search Google Scholar
    • Export Citation
  • ———, 1993b, Viet Nam: Transition to Market (Washington: World Bank).

  • ———, Vietnam: Policies for Transition to an Open Economy, Country Report No. 13 (Washington: World Bank, forthcoming).

Recent Occasional Papers of the International Monetary Fund

135. Vietnam: Transition to a Market Economy, by John R. Dodsworth, Erich Spitäller, Michael Braulke, Keon Hyok Lee, Kenneth Miranda, Christian Mulder, Hisanobu Shishido, and Krishna Srinivasan. 1996.

134. India: Economic Reform and Growth, In Ajai Chopra, Charles Collyns, Richard Hemming, and Karen Parker with Woosik Chu and Oliver Fratzscher. 1995.

133. Policy Experiences and Issues in the Baltics, Russia, and Other Countries of the Former Soviet Union, edited by Daniel A. Citrin and Ashok K. Lahiri. 1995.

132. Financial Fragilities in Latin America: The 1980s and 1990s, by Liliana Rojas-Suárez and Steven R. Weisbrod. 1995.

131. Capital Account Convertibility: Review of Experience and Implications for IMF Policies, by staff teams headed by Peter J. Quirk and Owen Evans. 1995.

130. Challenges to the Swedish Welfare State, by Desmond Lachman, Adam Bennett, John 11. Green, Robert Hagemann, and Ramana Ramaswamy. 1995.

129. IMF Conditionality: Experience Under Stand-By and Extended Arrangements, Part II: Background Papers. Susan Schadler, Editor, with Adam Bennett, Maria Carkovic, Louis Dicks-Mireaux, Mauro Mecagni, James H.J. Morsink, and Miguel A. Savastano. 1995.

128. IMF Conditionality: Experience Under Stand-By and Extended Arrangements. Part I: Key Issues and Findings, by Susan Schadler, Adam Bennett, Maria Carkovic, Louis Dicks-Mireaux, Mauro Mecagni, James H.J. Morsink, and Miguel A. Savastano. 1995.

127. Road Maps of the Transition: The Baltics, the Czech Republic, Hungary, and Russia, by Biswajit Banerjee, Vincent Koen, Thomas Krueger, Mark S. Lutz, Michael Marrese, and Tapio O. Saavalainen. 1995.

126. The Adoption of Indirect Instruments of Monetary Policy, by a Staff Team headed by William E. Alexander, Tomás J.T. Baliño, and Charles Enoch and comprising Francesco Caramazza, George Iden, David Marston, Johannes Mueller, Ceyla Pazarbasioglu, Marc Quintyn, Matthew Saal, and Gabriel Sensen-brenner. 1995.

125. United Germany: The First Five Years—Performance and Policy Issues, by Robert Corker. Robert A. Feldman, Karl Habermeier, Hari Vittas, and Tessa van der Willigen. 1995.

124. Saving Behavior and the Asset Price “Bubble” in Japan: Analytical Studies, edited by Ulrich Baumgartner and Guy Meredith. 1995.

123. Comprehensive Tax Reform: The Colombian Experience, edited by Parthasarathi Shome. 1995.

122. Capital Flows in the APEC Region, edited by Mohsin S. Khan and Carmen M. Reinhart. 1995.

121. Uganda: Adjustment with Growth, 1987-94, by Robert L. Sharer, Hema R. De Zoysa, and Calvin A. McDonald. 1995.

120. Economic Dislocation and Recovery in Lebanon, by Sena Eken, Paul Cashin, S. Nuri Erbas, Jose Martelino, and Adnan Mazarei. 1995.

119. Singapore: A Case Study in Rapid Development, edited by Kenneth Bercuson with a staff team comprising Robert G. Carrling, Aasim M. Husain, Thomas Rumbaugh, and Rachel van Elkan. 1995.

118. Sub-Saharan Africa: Growth, Savings, and Investment, by Michael T. Hadjimichael, Dhaneshwar Ghura, Martin Mühleisen, Roger Nord, and E. Murat Uçer. 1995.

117. Resilience and Growth Through Sustained Adjustment: The Moroccan Experience, by Salen M. Nsouli, Sena Eken, Klaus Enders, Van-Can Thai, Jörg Decressin, and Filippo Cartiglia, with Janet Bungay. 1995.

116. Improving the International Monetary System: Constraints and Possibilities, by Michael Mussa, Morris Goldstein, Peter B. Clark, Donald J. Mathieson, and Tamim Bayoumi. 1994.

115. Exchange Rates and Economic Fundamentals: A Framework for Analysis, by Peter B. Clark, Leonardo Bartolini, Tamim Bayoumi, and Steven Symansky. 1994.

114. Economic Reform in China: A New Phase, by Wanda Tseng, Hoe Ee Khor, Kalpana Kochhar, Dubravko Mihaljek, and David Burton. 1994.

113. Poland: The Path to a Market Economy, by Liam P. Ebrill, Ajai Chopra, Charalambos Christofides, Paul Mylonas, Inci Olker, and Gerd Schwartz. 1994.

112. The Behavior of Non-Oil Commodity Prices, by Eduardo Borensztein, Mohsin S. Khan, Carmen M. Reinhart, and Peter Wickham. 1994.

111. The Russian Federation in Transition: External Developments, by Benedicte Vibe Christensen. 1994.

110. Limiting Central Bank Credit to the Government: Theory and Practice, by Carlo Cottarelli. 1993.

109. The Path to Convertibility and Growth: The Tunisian Experience, by Saleh M. Nsouli, Sena Eken, Paul Duran, Gerwin Bell, and Zühtü Yücelik. 1993.

108. Recent Experiences with Surges in Capital Inflows, by Susan Schadler, Maria Carkovic, Adam Bennett, and Robert Kahn. 1993.

107. China at the Threshold of a Market Economy, by Michael W. Bell, Hoe Ee Khor, and Kalpana Kochhar with Jun Ma, Simon N’guiamba, and Rajiv Lall. 1993.

106. Economic Adjustment in Low-Income Countries: Experience Under the Enhanced Structural Adjustment Facility, by Susan Schadler, Franck Rozwadowski, Siddharth Tiwari, and David O. Robinson. 1993.

105. The Structure and Operation of the World Gold Market, by Gary O’Callaghan. 1993.

104. Price Liberalization in Russia: Behavior of Prices, Household Incomes, and Consumption During the First Year, by Vincent Koen and Steven Phillips. 1993.

103. Liberalization of the Capital Account: Experiences and Issues, by Donald J. Mathieson and Liliana Rojas-Suárez. 1993.

102. Financial Sector Reforms and Exchange Arrangements in Eastern Europe. Part I: Financial Markets and Intermediation, by Guillermo A. Calvo and Manmohan S. Kumar. Part II: Exchange Arrangements of Previously Centrally Planned Economies, by Eduardo Borensztein and Paul R. Masson. 1993.

101. Spain: Converging with the European Community, by Michel Galy, Gonzalo Pastor, and Thierry Pujol. 1993.

100. The Gambia: Economic Adjustment in a Small Open Economy, by Michael T. Hadjimichael, Thomas Rumbaugh, and Eric Verreydt. 1992.

99. Mexico: The Strategy to Achieve Sustained Economic Growth, edited by Claudio Loser and Eliot Kalter. 1992.

98. Albania: From Isolation Toward Reform, by Mario I. Blejer, Mauro Mecagni, Ratna Sahay, Richard Hides, Barry Johnston, Piroska Nagy, and Roy Pepper. 1992.

97. Rules and Discretion in International Economic Policy, by Manuel Guittán. 1992.

96. Policy Issues in the Evolving International Monetary System, by Morris Goldstein, Peter Isard, Paul R. Masson, and Mark P. Taylor. 1992.

95. The Fiscal Dimensions of Adjustment in Low-Income Countries, by Karim Nashashibi, Sanjeev Gupta, Claire Liuksila, Henri Lorie, and Walter Mahler. 1992.

94. Tax Harmonization in the European Community: Policy Issues and Analysis, edited by George Kopits. 1992.

93. Regional Trade Arrangements, by Augusto de la Torre and Margaret R. Kelly. 1992.

92. Stabilization and Structural Reform in the Czech and Slovak Federal Republic: First Stage, by Bijan B. Aghevli, Eduardo Borensztein, and Tessa van der Willigen. 1992.

91. Economic Policies for a New South Africa, edited by Desmond Lachman and Kenneth Bercuson with a staff team comprising Daudi Ballali, Robert Corker, Charalambos Christofides, and James Wein. 1992.

90. The Internationalization of Currencies: An Appraisal of the Japanese Yen, by George S. Tavlas and Yuzuru Ozeki. 1992.

89. The Romanian Economic Reform Program, by Dimitri G. Demekas and Mohsin S. Khan. 1991.

88. Value-Added Tax: Administrative and Policy Issues, edited by Alan A. Tait. 1991.

87. Financial Assistance from Arab Countries and Arab Regional Institutions, by Pierre van den Boogaerde. 1991.

Note: For information on the title and availability of Occasional Papers not listed, please consult the IMF Publications Catalog or contact IMF Publication Services.

Cited By

  • Collapse
  • Expand
Transition to a Market Economy
  • Agenor, Pierre-Richard. 1990a, “Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange: A Formal Framework,” Staff Papers, International Monetary Fund, Vol. 37 (September), pp. 56092.

    • Search Google Scholar
    • Export Citation
  • Agenor, Pierre-Richard. 1990b, “Parallel Currency Markets in Developing Countries: Theory, Evidence, and Policy Implications,” IMF Working Paper 90/114 (Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • Agenor, Pierre-Richard. and Mohsin S. Khan, 1992, “Foreign Currency Deposits and the Demand for Money in Developing Countries,” IMF Working Paper 92/1 (Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • Aghevli, Bijan B., 1992, “Centrally Planned Economies in Transition: An Asian Perspective” (Unpublished; Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • Aghevli, Bijan B., Mohsin Khan, and Peter Montiel, 1991, Exchange Rate Policy in Developing Countries: Some Analytical Issues, IMF Occasional Paper No. 78 (Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • Blejer, Mario I., 1978, “Black-Market Exchange-Rate Expectations and the Domestic Demand for Money,” Journal of Monetary Economics, Vol. 4 (November), pp. 76773.

    • Search Google Scholar
    • Export Citation
  • Bordo, Michael D., Ehsan U. Choudhri, 1982, “Currency Substitution and the Demand for Money: Some Evidence for Canada,” Journal of Money, Credit, and Banking, Vol. 14 (February), pp. 4857.

    • Search Google Scholar
    • Export Citation
  • Brillembourg, Arturo, and Susan M. Schadler, 1979, “A Model of Currency Substitution in Exchange Rate Determination, 1973-78,” Staff Papers, International Monetary Fund, Vol. 26 (September), pp. 51342.

    • Search Google Scholar
    • Export Citation
  • Brittain, Bruce, 1981, “International Currency Substitution and the Apparent Instability of Velocity in Some Western European Economies and in the United States,” Journal of Money, Credit, and Banking, Vol. 13 (May), pp. 13555.

    • Search Google Scholar
    • Export Citation
  • Bruno, Michael, and William Easterly, 1995, “Inflation Crises and Long-Run Growth,” NBER Working Paper No. 5209 (Cambridge, Massachusetts: National Bureau of Economic Research).

    • Search Google Scholar
    • Export Citation
  • Calvo, Guillermo A., and Carlos Alfredo Rodriguez, 1977, “A Model of Exchange Rate Determination under Currency Substitution and Rational Expectations,” Journal of Political Economy, Vol. 85 (June), pp. 61725.

    • Search Google Scholar
    • Export Citation
  • Calvo, Guillermo, and Carlos Vegh, 1992, “Currency Substitution in Developing Countries: An Introduction,” Revista de Análisis Económico, Vol. 7 (June), pp. 327.

    • Search Google Scholar
    • Export Citation
  • Canto, Victor A., 1985, “Monetary Policy, ‘Dollarization,’ and Parallel Market Exchange Rates: The Case of the Dominican Republic,” Journal of International Money and Finance, Vol. 4 (December), pp. 50721.

    • Search Google Scholar
    • Export Citation
  • Cuddington, John T., 1983, “Currency Substitution, Capital Mobility, and Money Demand,” Journal of International Money and Finance, Vol. 2 (August), pp. 11133.

    • Search Google Scholar
    • Export Citation
  • Dodsworth, J.R., M.A. El-Erian, and D. Hammann, 1987, “Foreign Currency Deposits in Developing Countries—Origins and Economic Implications,” IMF Working Paper 87/12 (Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • Due, Ngo Huy, 1995, “Currency Substitution in a Developing Economy with Special Reference to Vietnam” (Unpublished; Canberra: Australian National University, National Centre for Development Studies).

    • Search Google Scholar
    • Export Citation
  • Edwards, Sebastian, 1989, Real Exchange Rates, Devaluation, and Adjustment: Exchange Rate Policy in Developing Countries (Cambridge, Massachusetts: MIT Press).

    • Search Google Scholar
    • Export Citation
  • Eken, Sena, and others, 1995, Economic Dislocation and Recovery in Lebanon, Occasional Paper No. 120 (Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • El-Erian, Mohamed, 1988, “Currency Substitution in Egypt and the Yemen Arab Republic: A Comparative Qualitative Analysis,” Staff Papers International Monetary Fund, Vol. 35 (March), pp. 85103.

    • Search Google Scholar
    • Export Citation
  • Far Eastern Economic Review, 1995, “Ding Dong Dollar” (March 30), p. 5.

  • Fasano-Filho, Ugo, 1986, “Currency Substitution and the Demand for Money: The Argentine Case, 1960-1976,” Weltwirtschaftliches Archiv, Vol. 122, pp. 32739.

    • Search Google Scholar
    • Export Citation
  • Fischer, Stanley, 1982, “Seigniorage and the Case for a National Money,” Journal of Political Economy, Vol. 90 (April), pp. 295313.

    • Search Google Scholar
    • Export Citation
  • Girton, Lance. Roper, Don 1981, “Theory and Implications of Currency Substitution,” Journal of Money, Credit, and Banking, Vol. 13 (February), pp. 1230.

    • Search Google Scholar
    • Export Citation
  • Guidotti, Pablo E., and Carlos A. Rodriguez, 1992, “Dollarization in Latin America: Gresham’s Law in Reverse?Staff Papers, International Monetary Fund, Vol. 39 (September), pp. 51844.

    • Search Google Scholar
    • Export Citation
  • International Currency Analysis, Inc., World Currency Yearbook (Brooklyn, New York: International Currency Analysis, Inc.), various issues.

    • Search Google Scholar
    • Export Citation
  • Joines, Douglas H., 1985, “International Currency Substitution and the Income Velocity of Money,” Journal of International Money and Finance, Vol. 4 (September), pp. 30316.

    • Search Google Scholar
    • Export Citation
  • Kamin, Steven B., 1991, Argentina’s Experience with Parallel Exchange Markets, 1981-1990 (Washington: Board of Governors of the Federal Reserve System).

    • Search Google Scholar
    • Export Citation
  • ———, 1993, “Devaluation, Exchange Controls, and Black Markets for Foreign Exchange in Developing Countries,” Journal of Development Economics, Vol. 40 (February), pp. 15169.

    • Search Google Scholar
    • Export Citation
  • Kiguel, Miguel A., and Stephen A. O’Connell, 1994, Parallel Exchange Rates in Developing Countries: Lessons from Eight Case Studies, World Bank Policy Research Working Paper No. 1265 (Washington: World Bank).

    • Search Google Scholar
    • Export Citation
  • Kim, Tran Hoang, 1994, “Economy of Viet Nam, Reviews and Statistics” (Hanoi: Statistical Publishing House).

  • Krueger, Russell, and Jiming Ha, 1995, “Measurement of Co-circulation of Currencies,” IMF Working Paper 95/34 (Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • Lee, Keon H., 1992, “Bangladesh: Issues in Exchange Rate Policy” (Unpublished; Washington: International Monetary Fund).

  • Lipton, David, and Jeffrey Sachs, 1990, “Creating a Market Economy in Eastern Europe: The Case of Poland,” Brookings Papers on Economic Activity:I, Brookings Institution, pp. 75147.

    • Search Google Scholar
    • Export Citation
  • Lipworth, Gabrielle, Erich Spitäller, 1993, “Viet Nam—Reform and Stabilization, 1986-92,” IMF Working Paper 93/46 (Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • Milanovic, Branko, 1989, Liberalization and Entrepreneurship: Dynamics of Reform in Socialism and Capitalism (Armonk, N.Y.: M.E. Sharpe, Inc.).

    • Search Google Scholar
    • Export Citation
  • Miles, Marc A., 1978, “Currency Substitution, Flexible Exchange Rates, and Monetary Independence,” American Economic Review, Vol. 68 (June), pp. 42836.

    • Search Google Scholar
    • Export Citation
  • Montiel, Peter J., Pierre-Richard Agenor, and Nadeem Ul Haque, 1993, Informal Financial Markets in Developing Countries: A Macroeconomic Analysis (Cambridge, Massachusetts: Blackwell).

    • Search Google Scholar
    • Export Citation
  • Montiel, Peter J., and Jonathan Ostry, 1994, “Parallel Market Premium: Is It a Reliable Indicator of Real Exchange Rate Misalignment in Developing Countries?Staff Papers, International Monetary Fund, Vol. 41 (March), pp. 5575.

    • Search Google Scholar
    • Export Citation
  • Mueller, Johannes, 1994, “Dollarization in Lebanon,” IMF Working Paper 94/129 (Washington: International Monetary Fund).

  • Ortiz, Guillermo, 1983, “Dollarization in Mexico: Causes and Consequences,” in Financial Policies and the World Capital Market: The Problem of Latin American Countries, Pedro Aspe Armella, Dornbusch, Rudiger Obstfeld Maurice (Chicago: University of Chicago Press).

    • Search Google Scholar
    • Export Citation
  • Pinto, Brian, 1991, “Black Markets for Foreign Exchange, Real Exchange Rates and Inflation,” Journal of International Economics, Vol. 30 (February), pp. 12135.

    • Search Google Scholar
    • Export Citation
  • Quirk, Peter J., and others, 1987, Floating Exchange Rates in Developing Countries: Experience with Auction and Interbank Markets, IMF Occasional Paper No. 53 (Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • Ramirez-Rojas, C.L., 1985, “Currency Substitution in Argentina, Mexico, and Uruguay,” Staff Papers, International Monetary Fund, Vol. 32 (December), pp. 62967.

    • Search Google Scholar
    • Export Citation
  • Ronnas, Per, and Orjan Sjoberg, 1991, Socio-Economic Development in Vietnam: The Agenda for the 1990s, Swedish International Development Authority.

    • Search Google Scholar
    • Export Citation
  • Sachs, Jeffrey, 1993, Poland’s Jump to the Market Economy (Cambridge, Massachusetts: MIT Press).

  • Sahay, Ratna, and Carlos A. Végh, 1995a, “Dollarization in Transition Economies, Finance and Development, Vol. 32 (March), pp. 3639.

    • Search Google Scholar
    • Export Citation
  • Sahay, Ratna, and Carlos A. Végh, 1995b, “Inflation and Stabilization in Transition Economies: A Comparison with Market Economies,” IMF Working Paper 95/8 (Washington: International Monetary Fund).

    • Search Google Scholar
    • Export Citation
  • Savastano, Miguel A., 1992, “The Pattern of Currency Substitution in Latin America: An Overview,” Revista de Andlisis Economico, Vol. 7 (June), pp. 2972.

    • Search Google Scholar
    • Export Citation
  • Sheikh, Munir A., 1976, “Black Market for Foreign Exchange, Capital Flows, and Smuggling,” Journal of Development Economics, Vol. 3, pp. 926.

    • Search Google Scholar
    • Export Citation
  • Sturzenegger, Frederico, 1992,“Currency Substitution and the Regressivity of Inflationary Taxation,” Revista de Andlisis Economico, Vol. 7 (June), pp. 17792.

    • Search Google Scholar
    • Export Citation
  • Tanzi, Vito, and Mario I. Blejer, 1982, “Inflation, Interest Rate Policy, and Currency Substitutions in Developing Economies: A Discussion of Some Major Issues,” World Development, Vol. 10 (September), pp. 78189.

    • Search Google Scholar
    • Export Citation
  • Végh, Carlos A., 1989, “The Optimal Inflation Tax in the Presence of Currency Substitution,” Journal of Monetary Economics, Vol. 24 (July), pp. 13946.

    • Search Google Scholar
    • Export Citation
  • World Bank, 1993a, Adjustment in Africa: Reforms, Results, and the Road Ahead, World Bank Policy Research Report (Washington: World Bank).

    • Search Google Scholar
    • Export Citation
  • ———, 1993b, Viet Nam: Transition to Market (Washington: World Bank).

  • ———, Vietnam: Policies for Transition to an Open Economy, Country Report No. 13 (Washington: World Bank, forthcoming).