Journal Issue

Recent publications

International Monetary Fund. External Relations Dept.
Published Date:
November 2004
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IMF Working Papers ($15.00)

04/173: “Domestic Competition Spurs Exports: The Indian Example,” Tushar Poddar

04/174: “Microfinance in Africa: Experience and Lessons from Selected African Countries,” Anupam Basu, Rodolphe Blavy, and Murat Yulek

04/175: “Insurance Value of International Reserves: An Option Pricing Approach,” Jaewoo Lee

04/176: “Sources of Growth in Sub-Saharan Africa,” Bernardin A. Akitoby, Dhaneshwar Ghura, Amor Tahari, and Emmanuel Brou Aka

04/177: “What Is an Emerging Market?” Ashoka Mody

04/178: “Trade Liberalization, Exchange Rate Changes, and Tax Revenue in Sub-Saharan Africa,” Terence A beyegbe, Janet G. Stotsky, and Asegedech WoldeMariam

04/179: “Quota Brokers,” Susumu Imai, Kala Krishna, Abhiroop Mukhopadhyay, and Ling H. Tan

04/180: “An Institutional Framework for Comparing Emerging Market Currency Boards,” Marie-Therese Camilleri Gilson

04/181: “Pension Funds and Emerging Markets,” Jorge A. Chan Lau

04/182: “What Do We Know About Tariff Incidence?” Stephen P. Tokarick

04/183: “Intercreditor Distribution in Sovereign Debt Restructuring,” Ousmene-Jacques Mandeng

04/184: “Institutions, Program Implementation, and Macroeconomic Performance,” Saleh M. Nsouli, Rouben Atoian, and Alexandros T. Mourmouras

04/185: “R&D, Innovation, and Economic Growth: An Empirical Analysis,” Hulya Ulku

04/186: “Fear of Service Outsourcing: Is It Justified?” Mary Amiti and Shang-Jin Wei

04/187: “Defining Financial Stability,” Garry J. Schinasi

04/188: “Real Exchange Rates in Developing Countries: Are Balassa-Samuelson Effects Present?” Ehsan U. Choudhri and Mohsin S. Khan

04/189: “Can Higher Reserves Help Reduce Exchange Rate Volatility?” Ketil Hviding, Michael Nowak, and Luca A. Ricci

04/190: “The Internal Job Market of the IMF’s Economist Program,” Greg Barron and Felix Vardy

04/191: “A New Taxonomy of Monetary Regimes,” Mark R. Stone and Ashok J. Bhundia

04/192: “The Mussa Theorem and Other Results on IMF-Induced Moral Hazard,” Olivier D. Jeanne and Jeromin Zettelmeyer

04/193: “Work Absence in Europe,” Leo Bonato and Lusine Lusinyan

IMF Country Reports ($15.00)

(Country name represents an Article IV consultation)

04/276: Former Yugoslav Republic of Macedonia: Second Review Under the Stand-By Arrangement and Ex Post Assessment of Performance Under Fund-Supported Programs

04/277: Bangladesh: Joint Staff Assessment of the PRSP Status Report

04/278: Republic of Tajikistan: Joint Staff Assessment of the PRSP Progress Report

04/279: Bangladesh: PRSP Status Report

04/280: Republic of Tajikistan: PRSP Progress Report 04/281: Philippines: ROSC—Data Module

04/282: Tanzania: PRSP Progress Report 04/283: Tanzania: Joint Staff Assessment of the PRSP Progress Report

04/284: Tanzania: Selected Issues and Statistical Appendix

04/285: Tanzania

04/286: Dominica: Second Review Under the Three-Year Arrangement Under the PRGF and Request for Waiver of Performance Criterion

04/287: Jordan: Third Review Under the Stand-By Arrangement 04/288: Russian Federation: ROSC—Fiscal Transparency Module

PRSP=Poverty Reduction Strategy Paper

ROSC=Report on the Observance of Standards and Codes

Publications are available from IMF Publication Services, Box X2004, IMF, Washington, DC 20431 U.S.A. Telephone: (202) 623-7430; fax: (202) 623-7201; e-mail:

For information on the IMF on the Internet—including the full texts of the English edition of the IMF Survey, the IMF Survey’s annual IMF in Focus, Finance & Development, an updated IMF Publications Catalog, and daily SDR exchange rates of 45 currencies—please visit the IMF’s website ( The full texts of all Working Papers and Policy Discussion Papers are also available on the IMF’s website.

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