Abbreviations

Contributors

Yasser Abdih, a national of Lebanon, is an Economist in the IMF Institute. He holds a B.A. in economics from the American University of Beirut and a Ph.D. in economics from the George Washington University. Prior to joining the IMF Institute, he worked in the IMF’s Middle East and Central Asia Department, and before coming to the IMF, he was an Assistant Professor at Bowling Green State University. His current research focuses on economic growth, macroeconomic stabilization, and exchange rate issues.

Celine Allard is a Senior Economist in the IMF’s European Department. She previously worked in the Fiscal Affairs Department, and before that, in the Ministry of Finances in France. She holds graduate degrees from the École Polytechnique and the Ecole Nationale de la Statistique et de l’Administration Economique (ENSAE) in Paris, as well as a postgraduate degree from the Université de Paris Sorbonne.

Paul Cashin is Division Chief of the Caribbean Division in the IMF’s Western Hemisphere Department. Previously, when the work on commodity currencies for Chapter 1 was completed, he was a Senior Economist in the IMF’s Research Department, where he worked on issues related to developing countries, commodity prices, and exchange rates. He holds a Ph.D. in economics from Yale University and a bachelor’s degree in economics from the University of Melbourne.

Mario Catalán is an Economist in the Asian Division of the IMF Institute. He joined the IMF in 2004 as a member of the European Department. Before coming to the IMF, he was an Assistant Professor of Economics at the School of Advanced International Studies (SAIS) of the Johns Hopkins University and an adjunct faculty member at the University of California, Los Angeles extension.

Luis Catão is a Senior Economist in the IMF’s Research Department. He has published extensively in academic and policy-oriented journals, including the American Economic Review, Journal of Monetary Economics, Journal of Development Economics, and IMF Staff Papers. His research has received press coverage in The Economist, the Dow Jones International News, the Herald Tribune, the Washington Post, and Valor Economico.

Luis F. Cespedes was a member of the Research Department at the Central Bank of Chile at the time the work leading to Chapter 1 was completed.

Carlo Cottarelli is currently Deputy Director in the IMF’s Fiscal Affairs Department. He joined the IMF in 1988, having previously worked in the Research Department of the Bank of Italy.

Enrica Detragiache is Chief of the European Division of the IMF Institute. She received her Ph.D. in economics from the University of Pennsylvania. Before joining the IMF in 1995, she was on the faculty at Johns Hopkins University. Her research has focused on banking, financial crises, and financial development.

Luc Everaert is Chief of the EU Policies and Regional Studies Division in the IMF’s European Department. His work focused on emerging Europe during the 1990s and since then has concentrated on advanced economies in Europe, including France and the euro area. He holds a Ph.D. from the Graduate Institute of International Studies in Geneva and was a postdoctoral fellow at the University of Chicago.

Hamid Faruqee works in the IMF’s Research Department, where he serves as Assistant to the Director. Previously, when the work leading to Chapter 4 was completed, he was a Senior Economist in the European Department. He received his Ph.D. in economics from Princeton University; he also holds a bachelor’s degree in mathematics and economics from Willams College.

Atish Rex Ghosh is Chief of the Strategic Issues Division in the IMF’s Research Department. During his tenure at the IMF, he has worked on stabilization programs in Ukraine and Turkey; currently he undertakes analytical studies related to the stability of the international monetary system, exchange rate regimes, and IMF-supported programs. Formerly Assistant Professor of Economics and International Affairs at Princeton University, he holds degrees from Oxford University and Harvard University and has lived in India, Switzerland, Nigeria, the United Kingdom, Colombia, and the United States. He is the author of Economic Cooperation in an Uncertain World, Exchange Rate Regimes: Choices and Consequences, and Currency Boards in Retrospect and Prospect, as well as numerous articles in professional journals.

Aasim M. Husain is an Assistant Director in the IMF’s Middle East and Central Asia Department. He has also worked in the Fund’s Research and Asia Pacific Departments. He holds a Ph.D. in economics from the University of Pennsylvania. His research interests include exchange rates and primary commodities, especially oil.

Bikas Joshi, a national of Nepal, is an Economist in the IMF’s European Department. He holds a B.A. from Harvard University and a Ph.D in Economics from Columbia University. When Chapter 2 was written, he was an Economist in the IMF’s Policy Development and Review Department, where he contributed to analytical papers on IMF operations and debt sustainability analysis.

Grace Juhn is currently working for Barclays Capital, based in Seoul. She was a strategist in the emerging markets research group from 2003 to 2007, where she covered foreign exchange, rates, and credits in emerging Europe, the Middle East, and Africa. She also worked as an economist for Korea. Previously, she was a Research Assistant at the IMF from 1999 to 2001. She holds a master’s degree from Harvard University’s Kennedy School of Government and a B.A. in economics and mathematics from Barnard College.

Ronald MacDonald is currently the Adam Smith Professor of Political Economy at the University of Glasgow and a Fellow of the Royal Society of Edinburgh. He received his Ph.D. in economics from the University of Manchester. He has published more than 130 peer-reviewed articles, many on the topic of the economics of exchange rates, and is the author or editor of 12 books, the most recent being Exchange Rate Economics: Theories and Evidence. He has been a visiting scholar at the European Central Bank, the Bundesbank, the Monetary Authority of Singapore, the Reserve Bank of New Zealand, the IMF, and the European Commission. Paolo Mauro has been at the IMF since 1994. He has held a number of positions in the European and Research Departments, as well as in the Fiscal Affairs Department, where he is currently a Division Chief. He is the author of a number of articles on exchange rate regimes and sovereign debt, as well as a book, Emerging Markets and Financial Globalization. He received a B.A. in politics, philosophy, and economics from Oxford in 1989 and a Ph.D. in economics from Harvard in 1994. Gian Maria Milesi-Ferretti is Chief of the Exchange Rate Issues Division in the IMF’s Research Department. He received his Ph.D. from Harvard in 1991 and joined the IMF in 1993 from the London School of Economics. He has been a Research Fellow of the Centre for Economic Policy Research since 1996. He has published extensively in top journals in the areas of international financial integration, global imbalances, political economy, and fiscal policy.

Ashoka Mody is an Assistant Director in the IMF’s European Department. He has been a visiting professor at the University of Pennsylvania’s Wharton School and a staff member at AT&T’s Bell Laboratories. His recent academic research, which has been motivated by and draws closely on his policy responsibilities, has focused on international finance and domestic political economy, with some research connecting these two fields. His papers have appeared in such journals as American Economic Review, Journal of International Economics, Economic Journal, and Journal of Monetary Economics.

Eisuke Okada was a Research Assistant at the IMF when the work leading to Chapter 10 was conducted. He is currently a doctoral student at the University of Chicago.

Alessandro Prati is Chief of the Macroeconomic Studies Division in the IMF’s Research Department. His research focuses on monetary and fiscal policy, international economics, and development

Catriona Purfield is a Deputy Division Chief in the IMF’s Fiscal Affairs Department. She has also worked in the Fund’s Asia and Pacific Department on the India desk. She has extensive experience in macroeconomic issues in emerging markets and low-income countries and has published papers on exchange rates, asset prices, regional growth, decentralization, and fiscal rules.

Lupin Rahman is an Economist in the IMF’s Policy Review and Development Department. In her five years at the Fund, her work has focused on analytical assessments of macroeconomic policies, external vulnerability, and debt sustainability in emerging markets. She holds a Ph.D. in economics from the London School of Economics. Uma Ramakrishnan, a national of India, is a Senior Economist in the Policy Review Division of the IMF’s Policy Development and Review Department. She holds a Ph.D. in economics from Georgetown University. She has worked on papers relating to IMF lending operations, including the role of the IMF in preventing capital account crises. She also spent five years in the IMF’s Asia and Pacific Department, working on a variety of countries in that region. Prior to joining the IMF, she worked briefly in the European Department of the International Finance Corporation assessing economic aspects of IFC investments.

Luca Antonio Ricci is currently the Deputy Chief of the Strategic Issues Division in the IMF’s Research Department. He has been at the IMF since 1996, and Chapter 5 was completed while he was the desk economist for South Africa. He received his Ph.D. in international economics from the Graduate Institute of International Studies in Geneva; he spent two years at Harvard University as a visiting fellow and one year at Konstanz University as a research fellow.

Ratna Sahay is currently a Senior Advisor in the IMF’s Finance Department. In the last 18 years, she has written and published widely academic and policy papers on international finance and trade and economic development. She holds a Ph.D. in economics from New York University.

Silvia Sgherri has been an Economist at the IMF since 2000. Previously a research fellow in the Macroeconomic Modelling Bureau of the U.K. Economic and Social Research Council and in the Research Department of the Dutch Central Bank, she held a Senior Economist position in the Research Department of the European Central Bank in 2005-06, while on leave from the IMF. She holds a Ph.D. in economics from the University of Warwick.

Alun Thomas, a national of the United Kingdom, is a Senior Economist in the IMF’s Policy Review Department. He holds an Ph.D. in economics from MIT. Prior to joining the Policy Review Department, he worked in the European and Western Hemisphere Departments on Norway, Sweden, and Canada. He has written a number of IMF staff papers on exchange rate analysis.

Thierry Tressel is an Economist in the IMF’s Research Department. His theoretical and empirical research interests include financial economics, development, and international finance. He joined the IMF in 2002.

Charalambos Tsangarides is an Economist in the IMF’s Research Department. He holds an M. Sc. in statistics from American University, an M.A. in economics from Johns Hopkins University, and a Ph.D. in economics from George Washington University. Before joining the Research Department, he worked in the Fund’s Policy Development and Review Department and the Policy Unit of the African Department, where he served as desk officer for the CFA franc zone. His research interests include economic growth and development, international trade, and exchange rate issues.

Juan Zalduendo, a national of Argentina, is the Deputy Chief (In Charge) of the Policy Review Division in the IMF’s Policy Development and Review Department. He holds a Ph.D. in economics from the University of Virginia. He has worked on a number of analytical papers on IMF operations, such as the role of the IMF in preventing capital account crisis and the moral hazard effects of IMF lending. In his past assignments at the IMF he worked on a number of IMF-supported programs in transition economies of the European Department. Prior to joining the IMF, he was a Senior Economist at the World Bank and led missions on adjustment operations to member countries.