William E. Alexander, Tomás J.T. Baliño, and Charles Enoch, Adopting Indirect Instruments of Monetary Policy, March
Dennis Anderson, Energy and the Environment: Technical and Economic Possibilities, June
Patricia Annez and Alfred Friendly, Cities in the Developing World: Agenda for Action Following Habitat II, December
Wendy S. Ayres and Alex F. McCalla, Rural Development, Agriculture, and Food Security, December
Tomás J.T. Baliño, Omotunde E.G. Johnson, and V. Sundararajan, Payment System Reforms and Monetary Policy, March
Nicholas Barr, People in Transition: Reforming Education and Health Care, September
Michael S. Borish and Michel Noël, Private Sector Development in the Visegrad Countries, December
Carlos A. Primo Braga, The Impact of the Internationalization of Services on Developing Countries, March
Milan Brahmbhatt and Uri Dadush, Disparities in Global Integration, September
Mauricio Carrizosa, Danny M. Leipziger, and Hemant Shah, The Tequila Effect and Argentina’s Banking Reform, March
Paul Cashin and Ratna Sahay, Regional Economic Growth and Convergence in India, March
Jean-Pierre Chauffour, Sena Eken, Mohamed A. El-Erian, and Susan Fennell, Growth and Financial Stability in the Middle East and North Africa, March
Adrienne Cheasty, The Revenue Decline in the Countries of the Former Soviet Union, June
Ismail Dalla and Deena Khatkhate, The Emerging East Asian Bond Market, March
Paula R. De Masi, The Difficult Art of Economic Forecasting, December
Asli Demirgüç-Kunt and Vojislav Maksimovic, Stock Market Development and Corporate Finance Decisions, June
Asli Demirgüç-Kunt and Anita Schwarz, A Reform Proposal for Costa Rica’s Pension System, September
John A. Dixon and Kirk Hamilton, Expanding the Measure of Wealth, December
Charles Enoch and Marc Quintyn, European Monetary Union: Operating Monetary Policy, September
Stanley Fischer, Maintaining Price Stability, December
Heywood Fleisig, Secured Transactions: The Power of Collateral, June
Swati R. Ghosh, Reverse Linkages: The Growing Importance of Developing Countries, March
IMF Research Department Staff, Global Financial Markets: Moving Up the Learning Curve, December
IMF Research Department Staff, Managing Risks to the International Banking System, December
Abdelali Jbili and Klaus Enders, The Association Agreement Between Tunisia and the European Union, September
Cheikh Kane and Robert Palacios, The Implicit Pension Debt, June
Laura E. Kodres, Foreign Exchange Markets: Structure and Systemic Risks, December
Richard Lacroix and Panos Varangis, Using Warehouse Receipts in Developing and Transition Economies, September
Ross Levine, Stock Markets: A Spur to Economic Growth, March
Graeme Littler and Ziad Maalouf, Emerging Stock Markets in 1995: Decline Followed by Year-End Upturn, March
George A. Mackenzie and David W.H. Orsmond, The Quality of Fiscal Adjustment and Growth, June
Charles P. McPherson, Policy Reform in Russia’s Oil Sector, June
Hassanali Mehran and Marc Quintyn, Financial Sector Reforms in China, March
Saleh M. Nsouli, Amer Bisat, and Oussama Kanaan, The European Union’s New Mediterranean Strategy, September
Erik C. Offerdal, The Response of Investment and Growth to Adjustment Policies, June
Sulekha Patel, Social Indicators of Development, June
Lant Pritchett, Forget Convergence: Divergence Past, Present, and Future, June
Peter J. Quirk, Exchange Rate Regimes as Inflation Anchors, March
Zia Qureshi, Globalization: New Opportunities, Tough Challenges, March
Hossein Razavi, Financing Oil and Gas Projects in Developing Countries, June
Susan Schadler, How Successful Are IMF-Supported Adjustment Programs? June
Susanne M. Scheierling, Overcoming Agricultural Water Pollution in the European Union, September
Salvatore Schiavo-CampoReforming the Civil Service, September
Ismail Serageldin, Sustainable Development: From Theory to Practice, December
Mary M. Shirley, Enterprise Contracts: A Route to Reform? September
Paul Bernd Spahn, The Tobin Tax and Exchange Rate Stability, June
Andrew Steer, Ten Principles of the New Environmentalism, December
Janet G. Stotsky, Why a Two-Tier Tobin Tax Won’t Work, June
Vito Tanzi and Ludger Schuknecht, Reforming Government in Industrial Countries, September
Christian Thimann, Germany’s Social Assistance Program: The Dilemma of Reform, September
Laura Wallace, IMF’s New Data Standards Online, June
Zhen Kun Wang, Integrating Transition Economies into the Global Economy, September
Alexander J. Yeats, Azita Amjadi, Ulrich Reincke, and Francis Ng, What Caused Sub-Saharan Africa’s Marginalization in World Trade? December
How Do the Urban Poor Manage in an Economic Crisis? December
International Capital Markets Update, December Urbanization: The Challenge for the Next Century, June
William E. Becker and William J. Baumol, editors, Assessing Educational Practices: The Contribution of Economics, reviewed by George Psacharopoulos, December
Jagdish N. Bhagwati and Robert E. Hudec, editors, Fair Trade and Harmonization: Prerequisites for Free Trade? reviewed by S.J. Anjaria (Vol. 1) and Naheed Kirmani (Vol. 2), September
William R. Cline, International Debt Reexamined, reviewed by Martin Cerisola, March
Joel E. Cohen, How Many People Can the Earth Support? reviewed by Lant Pritchett, March
Richard N. Cooper, Environment and Resource Policies for the World Economy, reviewed by Michael Cohen, March
Gilbert Etienne, Rural Change in South Asia: India, Pakistan, and Bangladesh, reviewed by John Mclntire, December
Martin Feldstein, James R. Hines, Jr., and R. Glen Hubbard, editors, The Effects of Taxation on Multinational Corporations and Taxing Multinational Corporations, reviewed by Emil M. Sunley, March
Yegor Gaidar and Karl Otto Pöhl, Russian Reform/International Money, reviewed by Donal Donovan, June
Alberto Giovannini, The Debate on Money in Europe, reviewed by Peter B. Kenen, September
Stephan Haggard and Chung H. Lee, editors, Financial Systems and Economic Policy in Developing Countries, reviewed by Deena Khatkhate, September
Richard J. Herring and Robert E. Litan, Financial Regulation in the Global Economy, reviewed by Warren Coats, March
Tony Killick, IMF Programmes in Developing Countries (Design and Impact), reviewed by Mark Allen, June
Hyung-Ki Kim, Michio Muramatsu, T. J. Pempel, and Kozo Yamamura, editors, The Japanese Civil Service and Economic Development: Catalysts of Change, reviewed by Mark Lutz, December
Paul Krugman, Pop Internationalism, reviewed by William Easterly, September
Francis A. Lees and K. Thomas Liaw, Foreign Participation in China’s Banking and Securities Markets, reviewed by Marc Quintyn, December
Ricardo López Murphy, editor, Fiscal Decentralization in Latin America, reviewed by Gerd Schwartz, June
Nora Lustig, editor, Coping with Austerity: Poverty and Inequality in Latin America, reviewed by George A. Mackenzie, June
Dennis L. McNamara, Textiles and Industrial Transition in Japan, reviewed by Peter B. White, September
Paul J. Nelson, The World Bank and Non-Governmental Organizations: The Limits of Apolitical Development, reviewed by Robert Picciotto, September
Ravi Ramamurti, editor, Privatizing Monopolies: Lessons from the Telecommunications and Transport Sectors in Latin America, reviewed by Antonio Estache, December
Roger C. Riddell, Mark Robinson, and others, Non-Governmental Organizations and Rural Poverty Alleviation, reviewed by Peter Lanjouw, December
T. Paul Schultz, editor, Investment in Women’s Human Capital, reviewed by Shahid Khandker, December
Horst Siebert, editor, Trends in Business Organization: Do Participation and Cooperation Increase Competitiveness? reviewed by Robert R. Miller, December
Adrian Wood, North-South Trade, Employment and Inequality: Changing Fortunes in a Skill-Driven World, reviewed by Alun Thomas, June
Dennis T. Yasutomo, The New Multilateralism in Japan’s Foreign Policy, reviewed by Mark S. Lutz, June
The International Monetary Fund presents four studies of issues in today’s headlines…reserve your copy now!
International Capital Markets: Developments, Prospects, and Key Policy Issues
by a staff team ted by Takatosh! I to and David Folkerts-Landau
The current issue provides a comprehensive survey of recent developments in international financial markets in 1995 and early 1996. including developments in emerging capital markets, bond markets, major currency markets, and derivatives markets The report focuses on efforts by the major industrial countries to strengthen the management of financial risk and prudential oversight over the international banking system, It also critically evaluates existing mechanisms for International cooperation In financial supervision and regulation and proposes the development of international bunking standards.
xii + 158 pp. 1996.
$20.00 (academic rate: $12.00). English, (paper). ISBN 1-55775-609-0.
Stock I WEO-G96.
Bank Soundness and Macroeconomic Policy
Banking sector problems have plagued over 130 of the IMF’s member countries since 1980. Developing and industrial economies alike have been affected, as have all the economies in transition. This volume, by Carl-Johan Lindgren. Gillian Garcia, and Matthew I. Saal. discusses the linkages between macroeconomic policy and bunk soundness. It lakes a global view ot the causes and consequences of banking sector problems and discusses how the banking system can be strengthened, nationally and internationally.
xvi + 215 pp., 1996.
$23.50. English, (paper) ISBN 1-65775 599 X
The Future of the SDR in Light of Changes in the International Monetary System
This book, edited by Michael Mussa, James M. Boughton, and Peter Isard, records the proceedings of a seminar, held at the IMF in March 1996, on the future of the special drawing right (SDR) given changes in the international monetary system since the inception of the SDR. The seminar focuses on the differences of opinion in the international community on the desirability or feasibility of an additional allocation of SDRs.
xxix + 435 pp., 1996.
$27.50. English. (paper) ISBN 1-55775-604-X
World Economic Outlook
A Survey by the Staff of the International Monetary Fund
What are the main economic challenges facing policymakers In the late 1990s? IMF staff conclude that global economic prospects are bright for the medium term but that certain problems need to be addressed For the industrial countries, the report emphasizes the need lo reform labor markets, address banking sector weaknesses, and safeguard progress toward price stability. For the developing countries, the report focuses on the importance of maintaining macroeconomic stability in the face of large capital inflows and the difficulties associated with recent banking crises in some emerging markets. It considers the long-term growth potential of the transition countries and their continuing struggle with large fiscal deficits, fragile banking systems, and inadequate social safety nets. The report also reviews the rise and fall of inflation worldwide since World War II.
Annexes, boxes, charts, and an extensive statistical appendix augment the text.
$35.00 (academic rate: S24.00). English. French, Spanish, and Arabic, (paper) ISSN 0256-6877.
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