Working Paper No. 11/184
Customs Administration Reform and Modernization in Anglophone Africa—Early 1990s to Mid-2010
Zake, Justin O.
Working Paper No. 11/185
Taxing Financial Transactions: An Assessment of Administrative Feasibility
Working Paper No. 11/186
The Bright and the Dark Side of Cross-Border Banking Linkages
Cihák, Martin; Muñoz, Sònia; Scuzzarella, Ryan
Working Paper No. 11/187
Possible Unintended Consequences of Basel III and Solvency II
Al-Darwish, Ahmed I.; Hafeman, Michael; Impavido, Gregorio; Kemp, Malcolm; O’Malley, Padraic
Working Paper No. 11/188
Capital Regulation and Tail Risk
Perotti, Enrico; Ratnovski, Lev; Vlahu, Razvan
Working Paper No. 11/189
Capital Flows and Financial Stability: Monetary Policy and Macroprudential Responses
Unsal, D. Filiz
Working Paper No. 11/190
Institutional Cash Pools and the Triffin Dilemma of the U.S. Banking System
Working Paper No. 11/191
Home Sweet Home: Government’s Role in Reaching the American Dream
Working Paper No. 11/192
Economic Policies and FDI Inflows to Emerging Market Economies
Working Paper No. 11/193
Systemic Risk and Optimal Regulatory Architecture
Espinosa-Vega, Marco A.; Kahn, Charles; Matta, Rafael; Sole, Juan
Working Paper No. 11/194
Oil Shocks in a Global Perspective: Are They Really Tat Bad?
Rasmussen, Tobias N.; Roitman, Agustin
Working Paper No. 11/195
Are Middle Eastern Current Account Imbalances Excessive?
Beidas-Strom, Samya; Cashin, Paul
Working Paper No. 11/196
Financial Deepening, Property Rights and Poverty: Evidence from Sub-Saharan Africa
Singh, Raju Jan; Huang, Yifei
Working Paper No. 11/197
External Adjustment and the Global Crisis
Lane, Philip R.; Milesi-Ferretti, Gian Maria
Working Paper No. 11/198
De Jure versus De Facto Exchange Rate Regimes in Sub-Saharan Africa
Slavov, Slavi T.
Working Paper No. 11/199
Shocks, Financial Dependence, and Efficiency: Evidence from U.S. and Canadian Industries
Estevão, Marcello M.; Severo, Tiago
Working Paper No. 11/200
Remittances in Pakistan—Why Have They Gone Up, and Why Aren’t They Coming Down?
Kock, Udo; Sun, Yan
Working Paper No. 11/201
Financial Linkages across Korean Banks
Aydin, Burcu; Kim, Myeong-Suk; Moon, Ho-Seong
Working Paper No. 11/202
Burkina Faso—Policies to Protect the Poor from the Impact of Food and Energy Price Increases
Arze del Granado, Javier; Adenauer, Isabell
Working Paper No. 11/203
Public Debt Targeting: An Application to the Caribbean
Guerson, Alejandro D.; Melina, Giovanni
Working Paper No. 11/204
South Africa: The Cyclical Behavior of the Markups and Its Implications for Monetary Policy
Working Paper No. 11/205
The Cyclicality of Fiscal Policies in the CEMAC Region
Mpatswe, Gaston K.; Tapsoba, Sampawende J.; York, Robert C.
Working Paper No. 11/206
The Taxation and Regulation of Banks
Working Paper No. 11/207
External Sustainability of Oil-Producing Sub-Saharan African Countries
Takebe, Misa; York, Robert C.
Working Paper No. 11/208
Global Economic Governance: IMF Quota Reform
Working Paper No. 11/209
Communication of Central Bank Thinking and Inflation Dynamics
Tang, Man-Keung; Yu, Xiangrong
Working Paper No. 11/210
Public Debt in Advanced Economies and Its Spillover Effects on Long-Term Yields
Alper, Emre; Forni, Lorenzo
Working Paper No. 11/211
Do Fiscal Spillovers Matter?
Ivanova, Anna; Weber, Sebastian
Working Paper No. 11/212
Apocalypse Then: The Evolution of the North Atlantic Economy and the Global Crisis
Bayoumi, Tamim; Bui, Trung
Working Paper No. 11/213
Market Phoenixes and Banking Ducks: Are Recoveries Faster in Market-Based Financial Systems?
Allard, Julien; Blavy, Rodolphe
Working Paper No. 11/214
Assessing Systemic Trade Interconnectedness—An Empirical Approach
Errico, Luca; Massara, Alexander
Working Paper No. 11/215
What Fuels the Boom Drives the Bust: Regulation and the Mortgage Crisis
Dagher, Jihad; Fu, Ning
Working Paper No. 11/216
Data-Rich DSGE and Dynamic Factor Models
Working Paper No. 11/217
Effciency-Adjusted Public Capital and Growth
Gupta, Sanjeev; Kangur, Alvar; Papageorgiou, Chris; Wane, Abdoul Aziz
Working Paper No. 11/218
Growth Spillover Dynamics from Crisis to Recovery
Poirson, Hélène; Weber, Sebastian
Working Paper No. 11/219
Bayesian Dynamic Factor Analysis of a Simple Monetary DSGE Model
Working Paper No. 11/220
A Debt Intolerance Framework Applied to Central America, Panama and the Dominican Republic
Bannister, Geofrey J.; Barrot, Luis-Diego
Working Paper No. 11/221
Spatial Spillovers in Emerging Market Spreads
Baldacci, Emanuele; Dell’Erba, Salvatore; Poghosyan, Tigran
Working Paper No. 11/222
Systemic Risks in Global Banking: What Available Data Can Tell Us and What More Data Are Needed?
Cerutti, Eugenio; Claessens, Stijn; McGuire, Patrick
Working Paper No. 11/223
Targets, Interest Rates, and Household Saving in Urban China
Working Paper No. 11/224
Incorporating Financial Stability in Inflation Targeting Frameworks
Aydin, Burcu; Volkan, Engin
Working Paper No. 11/225
Understanding Chinese Bond Yields and Their Role in Monetary Policy
Cassola, Nuno; Porter, Nathan
Working Paper No. 11/226
Decentralizing Spending More Tan Revenue: Does It Hurt Fiscal Performance?
Eyraud, Luc; Lusinyan, Lusine
Working Paper No. 11/227
Did the Euro Crisis Affect Non-Financial Firm Stock Prices through a Financial or Trade Channel?
Claessens, Stijn; Tong, Hui; Zuccardi, Igor
Working Paper No. 11/228
Incorporating Financial Sector Risk into Monetary Policy Models: Application to Chile
Gray, Dale F.; Garcia, Carlos; Luna, Leonardo; Restrepo, Jorge
Working Paper No. 11/229
Inflation Targeting and Monetary Policy Transmission Mechanisms in Emerging Market Economies
Mukherjee, Sanchita; Bhattacharya, Rina
Working Paper No. 11/230
Limited Information Bayesian Model Averaging for Dynamic Panels with an Application to a Trade Gravity Model
Chen, Huigang; Mirestean, Alin; Tsangarides, Charalambos G.
Working Paper No. 11/231
How Long Do Housing Cycles Last? A Duration Analysis for 19 OECD Countries
Working Paper No. 11/232
Inflation Dynamics in the CEMAC Region
Caceres, Carlos; Poplawski-Ribeiro, Marcos; Tartari, Darlena
Working Paper No. 11/233
Determinants of Non-Oil Growth in the CFA-Zone Oil Producing Countries: How Do They Differ?
Tabova, Alexandra; Baker, Carol L.
Working Paper No. 11/234
Global Poverty Estimates: A Sensitivity Analysis
Dhongde, Shatakshee; Minoiu, Camelia
Working Paper No. 11/235
Predicting Recessions: A New Approach for Identifying Leading Indicators and Forecast Combinations
Baba, Chikako; Kisinbay, Turgut
Working Paper No. 11/236
Making Banks Safer: Can Volcker and Vickers Do It?
Chow, Julian T. S.; Surti, Jay
Working Paper No. 11/237
Does G-4 Liquidity Spill Over?
Psalida, L. Effie; Sun, Tao
Working Paper No. 11/238
Macroprudential Policy: What Instruments and How to Use Them? Lessons from Country Experiences
Lim, Cheng Hoon; Columba, Francesco; Costa, Alejo; Kongsamut, Piyabha; Otani, Akira; Saiyid, Mustafa; Wezel, Torsten; Wu, Xiaoyong
Working Paper No. 11/239
Global Rebalancing: Implications for Low-Income Countries
Working Paper No. 11/240
The Policy Interest-Rate Pass-Trough in Central America
Medina Cas, Stephanie; Carrion-Menendez, Alejandro; Frantischek, Florencia P.
Working Paper No. 11/241
Rapid Credit Growth: Boon or Boom-Bust?
Elekdag, Selim; Wu, Yiqun
Working Paper No. 11/242
Risk Sharing and Financial Contagion in Asia: An Asset Price Perspective
Working Paper No. 11/243
Financial Integration and Rebalancing in Asia
Pongsaparn, Runchana; Unteroberdoerster, Olaf
Working Paper No. 11/244
Monetary Policy, Bank Leverage, and Financial Stability
Working Paper No. 11/245
Improving the Monetary Policy Frameworks in Central America
Medina Cas, Stephanie; Carrion-Menendez, Alejandro; Frantischek, Florencia P.
Working Paper No. 11/246
Do Remittances Reduce Aid Dependency?
Kpodar, Kangni; Le Gof, Maelan
Working Paper No. 11/247
An Assessment of Estimates of Term Structure Models for the United States
He, Ying; Medeiros, Carlos I.
Working Paper No. 11/248
The Role of Structural Reforms in Raising Economic Growth in Central America
Swiston, Andrew; Barrot, Luis-Diego
Working Paper No. 11/249
Optimal Precautionary Reserves for Low-Income Countries: A Cost-Benefit Analysis
Dabla-Norris, Era; Kim, Jun Il; Shirono, Kazuko
Working Paper No. 11/250
Towards Effective Macroprudential Policy Frameworks: An Assessment of Stylized Institutional Models
Nier, Erlend; Osinski, Jacek; Jácome, Luis Ignacio; Madrid, Pamela
Working Paper No. 11/251
What Drives the Global Land Rush?
Arezki, Rabah; Deininger, Klaus; Selod, Harris
Working Paper No. 11/252
Unemployment in Latin America and the Caribbean
Ball, Laurence M.; De Roux, Nicolas; Hofstetter, Marc
Working Paper No. 11/253
Precautionary Savings in a Small Open Economy Revisited
Working Paper No. 11/254
Do Commodity Futures Help Forecast Spot Prices?
Reichsfeld, David A.; Roache, Shaun K.
Working Paper No. 11/255
Determinants of Development Financing Flows from Brazil, Russia, India, and China to Low-Income Countries
Working Paper No. 11/256
Velocity of Pledged Collateral: Analysis and Implications
Working Paper No. 11/257
Inflation Dynamics in Asia: Causes, Changes, and Spillovers from China
Osorio, Carolina; Unsal, D. Filiz
Working Paper No. 11/258
Can Emerging Market Central Banks Bail Out Banks? A Cautionary Tale from Latin America
Jácome, Luis Ignacio; Saadi Sedik, Tahsin; Townsend, Simon
Working Paper No. 11/259
Monetary Policy and Risk-Premium Shocks in Hungary: Results from a Large Bayesian VAR
Carare, Alina; Popescu, Adina
Working Paper No. 11/260
The Puzzle of Persistently Negative Interest Rate-Growth Differentials: Financial Repression or Income Catch-Up?
Escolano, Julio; Shabunina, Anna; Woo, Jaejoon
Working Paper No. 11/261
Te Economic Crisis: Did Financial Supervision Matter?
Masciandaro, Donato; Vega Pansini, Rosaria; Quintyn, Marc
Working Paper No. 11/262
A Theory of Domestic and International Trade Finance
Working Paper No. 11/263
Modeling Correlated Systemic Liquidity and Solvency Risks in a Financial Environment with Incomplete Information
Schumacher, Liliana; Barnhill, Theodore M.
Working Paper No. 11/264
Bank of Japan’s Monetary Easing Measures: Are They Powerful and Comprehensive?
Lam, W. Raphael
Working Paper No. 11/265
The Problem That Wasn’t: Coordination Failures in Sovereign Debt Restructurings
Bi, Ran; Chamon, Marcos; Zettelmeyer, Jeromin
Working Paper No. 11/266
The Design of Fiscal Adjustment Strategies in Botswana, Lesotho, Namibia, and Swaziland
Basdevant, Olivier; Benicio, Dalmacio; Mircheva, Borislava; Mongardini, Joannes; Verdier, Geneviéve; Yang, Susan; Zanna, Luis-Felipe
Working Paper No. 11/267
Low-Income Countries’ BRIC Linkage: Are There Growth Spillovers?
Samaké, Issouf; Yang, Yongzheng
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.