IMF Working Papers
Will they Sing the Same Tune? Measuring Convergence in the new European System of Financial Supervisors
Masciandaro, Donato; Nieto, María; Quintyn, Marc
Bank Competition, Risk and Asset Allocations
Boyd, John H.; De Nicoló, Gianni; Jalal, Abu M.
The Effects of the Financial Crisis on Public-Private Partnerships
Burger, Philippe; Tyson, Justin; Karpowicz, I.; Delgado Coelho, Maria
Anatomy of Regional Disparities in the Slovak Republic
Banerjee, Biswajit; Jarmuzek, Mariusz
Introducing the Euro as Legal Tender - Benefits and Costs of Eurorization for Cape Verde
Imam, Patrick A.
Macroeconomic Fundamentals, Price Discovery and Volatility Dynamics in Emerging Markets
Nowak, Sylwia; Andritzky, Jochen R.; Jobst, Andreas; Tamirisa, Natalia T.
In Search of Successful Inflation Targeting: Evidence from an Inflation Targeting Index
Requirements for Using Interest Rates as an Operating Target for Monetary Policy: The Case of Tunisia
Chailloux, Alexandre; Durré, Alain; Laurens, Bernard
Development of the Commercial Banking System in Afghanistan: Risks and Rewards
Pavlovic, Jelena; Charap, Joshua
How the Financial Crisis Affects Pensions and Insurance and Why the Impacts Matter
Impavido, Gregorio; Tower, Ian
Why Are Canadian Banks More Resilient?
Ratnovski, Lev; Huang, Rocco
Do Workers' Remittances Promote Economic Growth?
Barajas, Adolfo; Chami, Ralph; Fullenkamp, Connel; Gapen, Michael T.; Montiel, Peter
The Quality of Public Investment
Chakraborty, Shankha; Dabla-Norris, Era
Spillovers from the Rest of the World into Sub-Saharan African Countries
Drummond, Paulo Flavio Nacif; Ramirez, Gustavo
A Framework for Financial Market Development
Chami, Ralph; Fullenkamp, Connel; Sharma, Sunil
Revenue Mobilization in Sub-Saharan Africa: Challenges from Globalization
Keen, Michael; Mansour, Mario
Fiscal Cycles in the Caribbean
Araujo, Juliana Dutra
Macroeconomic Fluctuations in the Caribbean: The Role of Climatic and External Shocks
Sosa, Sebastian; Cashin, Paul
How Effective is Fiscal Policy Response in Systemic Banking Crises?
Baldacci, Emanuele; Gupta, Sanjeev; Mulas-Granados, Carlos
Country Experiences with the Introduction and Implementation of Inflation Targeting
Freedman, Charles; Ötker, Inci
Recent Advances in Credit Risk Modeling
Capuano, Christian; Chan-Lau, Jorge A.; Gasha, Jose Giancarlo; Medeiros, Carlos I.; Santos, Andre; Souto, Marcos
Panacea, Curse, or Nonevent? Unconventional Monetary Policy in the United Kingdom
The Composition Matters: Capital Inflows and Liquidity Crunch during a Global Economic Crisis
Tong, Hui; Wei, Shang-Jin
An Assessment of External Price Competitiveness for Mozambique
Spillovers of the U.S. Subprime Financial Turmoil to Mainland China and Hong Kong SAR: Evidence from Stock Markets
Sun, Tao; Zhang, Xiaojing
Measures of Underlying Inflation in Sri Lanka
Gupta, Souvik; Saxegaard, Magnus
The Challenge of Enforcement in Securities Markets: Mission Impossible?
Carvajal, Ana; Elliott, Jennifer A.
Employment Effects of Growth Rebalancing in China
Guo, Kai; N'Diaye, Papa
Does Good Financial Performance Mean Good Financial Intermediation in China?
Interest Rate Liberalization in China
Feyzioglu, Tarhan; Porter, Nathaniel John; Takáts, Elöd
Is China's Export-Oriented Growth Sustainable?
Guo, Kai; N'Diaye, Papa
Counterparty Risk, Impact on Collateral Flows and Role for Central Counterparties
Singh, Manmohan; Aitken, James
Fiscal Vulnerability and Sustainability in Oil-Producing Sub-Saharan African Countries
York, Robert C.; Zhan, Zaijin
India's Experience with Fiscal Rules: An Evaluation and The Way Forward
Simone, Alejandro; Topalova, Petia
Tourism Specialization and Economic Development : Evidence from the UNESCO World Heritage List
Arezki, Rabah; Cherif, Reda; Piotrowski, John
Towards a Principal-Agent Based Typology of Risks in Public-Private Partnerships
de Palma, André; Leruth, Luc; Prunier, Guillaume
Incorporating Market Information into the Construction of the Fan Chart
Elekdag, Selim; Kannan, Prakash
Setting up a Sovereign Wealth Fund: Some Policy and Operational Considerations
Das, Udaibir S.; Mulder, Christian B.; Sy, Amadou N.R.; Lu, Y.
Credit Growth in Sub-Saharan Africa - Sources, Risks, and Policy Responses
Iossifov, Plamen; Khamis, May Y.
Putting the Parts Together: Trade, Vertical Linkages, and Business Cycle Comovement
di Giovanni, Julian; Levchenko, Andrei A.
Understanding the Growth of African Financial Markets
Yartey, Charles Amo; Andrianaivo, Mihasonirina
International Evidence on Recovery from Recessions
Cerra, Valerie; Panizza, Ugo; Saxena, Sweta Chaman
Establishing Conversion Values for New Currency Unions: Method and Application to the Planned Gulf Cooperation Council (GCC) Currency Union
Krueger, Russell C.; Kamar, Bassem; Carlotti, Jean-Etienne
Euro Area Monetary Policy in Uncharted Waters
Cihák, Martin; Harjes, Thomas; Stavrev, Emil
One Money, One Market - A Revised Benchmark
Eicher, Theo S.; Henn, Christian
How Good Are Ex Ante Program Evaluation Techniques? The Case of School Enrollment in PROGRESA
Search in the Labor Market Under Imperfectly Insurable Income Risk
What Drives China's Interbank Market?
Porter, Nathaniel John; Xu, TengTeng
Fiscal Sustainability in Remittance-Dependent Economies
Abdih, Yasser; Chami, Ralph; Gapen, Michael T.; Mati, Amine
Monetary Policy and the Central Bank in Jordan
The Gambia: Demand for Broad Money and Implications for Monetary Policy Conduct
Sriram, Subramanian S.
Political Risk Aversion
Lebanon-Determinants of Commercial Bank Deposits in a Regional Financial Center
Finger, Harald; Hesse, Heiko
The Derivatives Market in South Africa: Lessons for Sub-Saharan African Countries
Adelegan, Olatundun Janet
Frugality: Are We Fretting Too Much? Household Saving and Assets in the United States
Abdih, Yasser; Tanner, Evan
The Real Effects of Financial Sector Risk
Tieman, Alexander F.; Maechler, Andrea M.
Modernizing Bank Regulation in Support of Financial Deepening: The Case of Uruguay
Adler, Gustavo; Mansilla, Mario; Wezel, Torsten
The Need for Special Resolution Regimes for Financial Institutions—The Case of the European Union
Cihák, Martin; Nier, Erlend
French Banks Amid the Global Financial Crisis
Benchmark Priors Revisited: On Adaptive Shrinkage and the Supermodel Effect in Bayesian Model Averaging
Feldkircher, Martin; Zeugner, Stefan
The Drivers of Housing Cycles in Spain
Aspachs-Bracons, Oriol; Rabanal, Pau
How to Stop a Herd of Running Bears? Market Response to Policy Initiatives during the Global Financial Crisis
Aït-Sahalia, Yacine; Andritzky, Jochen R.; Jobst, Andreas; Nowak, Sylwia Barbara; Tamirisa, Natalia T.
Commodity Terms of Trade: The History of Booms and Busts
Spatafora, Nikola; Tytell, Irina
The Effectiveness of Central Bank Interventions During the First Phase of the Subprime Crisis
Frank, Nathaniel; Hesse, Heiko
Accounting Discretion of Banks During a Financial Crisis
Huizinga, Harry; Laeven, Luc
Controlling Capital? Legal Restrictions and the Asset Composition of International Financial Flows
Binici, Mahir; Hutchison, Michael; Schindler, Martin
International Risk Sharing During the Globalization Era
Flood, Robert P. ; Marion, Nancy P.; Matsumoto, Akito
Who Benefits from Capital Account Liberalization? Evidence from Firm-Level Credit Ratings Data
Prati, Alessandro; Schindler, Martin; Valenzuela, Patricio
Revised System for the Classification of Exchange Rate Arrangements
Habermeier, Karl Friedrich; Kokenyne, Annamaria; Veyrune, Romain; Anderson, Harald
Cointegrated TFP Processes and International Business Cycles
Rabanal, Pau; Rubio-Ramirez, Juan F.; Tuesta, Vicente
What Determines Bond Market Development in Sub-Saharan Africa?
Adelegan, Olatundun Janet; Radzewicz-Bak, Bozena
Constructing Forecast Confidence Bands during the Financial Crisis
Chen, Huigang; Clinton, Kevin; Johnson, Marianne; Kamenik, Ondra; Laxton, Douglas
São Tomé and Príncipe: Domestic Tax System and Tax Revenue Potential
Farhan, Nisreen H.
Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa
Singh, Raju; Haacker, Markus; Lee, Kyung-woo
Access to Market Financing for IDA-Eligible Countries—The Role of External Debt and IMF-Supported Programs
Thomas, Alun H.
Do Trading Partners Still Matter for Nigeria's Growth? A Contribution to the Debate on Decoupling and Spillovers
Obiora, Kingsley I.
The Uncertainty Channel of Contagion
Kannan, Prakash; Köhler-Geib, Fritzi
Oil Prices and Bank Profitability: Evidence from Major Oil-Exporting Countries in the Middle East and North Africa
Poghosyan, Tigran; Hesse, Heiko
External Balance in Low Income Countries
Christiansen, Lone Engbo; Prati, Alessandro; Ricci, Luca Antonio; Tressel, Thierry
Euro Area Sovereign Risk During the Crisis
Sgherri, Silvia; Zoli, Edda
Australian Bank and Corporate Sector Vulnerabilities—An International Perspective
Takáts, Elöd; Tumbarello, Patrizia
New Zealand Bank Vulnerabilities in International Perspective
Brooks, Ray; Cubero, Rodrigo
Revisiting the Determinants of Productivity Growth: What's New?
Loko, Boileau; Diouf, Mame Astou
Unconventional Central Bank Measures for Emerging Economies
Ishi, Kotaro; Stone, Mark R.; Yehoue, Etienne B.
Analyzing Fiscal Space Using the MAMS Model: An Application to Burkina Faso
Gottschalk, Jan; Manh Le,, Vu; Lofgren, Hans; Nouve, Kofi
The Liquidity and Liquidity Distribution Effects in Emerging Markets: The Case of Jordan
Vandenbussche, Jérôme; Blazsek, Szabolcs; Watt, Stanley
Macro-Hedging for Commodity Exporters
Borensztein, Eduardo; Jeanne, Olivier; Sandri, Damiano
Global Market Conditions and Systemic Risk
González-Hermosillo, Brenda; Hesse, Heiko
Three Cycles: Housing, Credit, and Real Activity
Igan, Deniz; Kabundi, Alain N.; Nadal-De Simone, Francisco; Pinheiro, Marcelo; Tamirisa, Natalia T.
Monetary Policy and the Lost Decade: Lessons from Japan
Excessive Lending, Leverage, and Risk-Taking in the Presence of Bailout Expectations
Hybrid Inflation Targeting Regimes
Roger, Scott; Restrepo, Jorge; Garcia, Carlos
Is the Canadian Housing Market Overvalued? A Post-Crisis Assessment
Inflation Targeting at 20: Achievements and Challenges
Fiscal Deficits and Current Account Deficits
Kumhof, Michael; Laxton, Douglas
Monetary Policy Analysis and Forecasting in the World Economy: A Panel Unobserved Components Approach
Sovereign Wealth Funds and Financial Stability - An Event Study Analysis
Sun, Tao; Hesse, Heiko
Treating Intangible Inputs as Investment Goods: The Impact on Canadian GDP
The Role of Financial Variables in Predicting Economic Activity in the Euro Area
Espinoza, Raphael A.; Fornari, Fabio; Lombardi, Marco
Valuation of Unlisted Direct Investment Equity
Kumah, Emmanuel; Damgaard, Jannick; Elkjaer, Thomas
Top-Down Budgeting - An Instrument to Strengthen Budget Management
A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania
Kim, Daehaeng; Saito, Mika
What's the Damage? Medium-Term Output Dynamics After Banking Crises
Abiad, Abdul; Balakrishnan, Ravi; Koeva Brooks, Petya; Leigh, Daniel; Tytell, Irina
Governance and Fund Management in the Chinese Pension System
Impavido, Gregorio; Hu, Yu-Wei; Li, Xiaohong
Financial Sector Surveillance and the IMF
Gola, Carlo; Spadafora, Francesco
Today versus Tomorrow: The Sensitivity of the Non-Oil Current Account Balance to Permanent and Current Income
Thomas, Alun H.; Bayoumi, Tamim
Countering the Cycle - The Effectiveness of Fiscal Policy in Korea
Eskesen, Leif Lybecker
The Stock of Intangible Capital in Canada: Evidence from the Aggregate Value of Securities
Monetary and Macroprudential Policy Rules in a Model with House Price Booms
Kannan, Prakash; Rabanal, Pau; Scott, Alasdair
Macroeconomic Patterns and Monetary Policy in the Run-up to Asset Price Busts
Kannan, Prakash; Rabanal, Pau; Scott, Alasdair
Adding Indonesia to the Global Projection Model
Andrle, Michal; Freedman, Charles; Garcia-Saltos, Roberto; Hermawan, Danny; Laxton, Douglas; Munandar, Haris
Credit Derivatives: Systemic Risks and Policy Options?
Kiff, John; Elliott, Jennifer A.; Kazarian, Elias G.; Scarlata, Jodi G.; Spackman, Carolyne
IMF Working Papers and other IMF publications can be downloaded in full-text format from the Research at the IMF website: http://www.imf.org/research.