IMF Research Bulletin
M. Ayhan Kose
Feras Abu Amra
The IMF Research Bulletin
(ISSN: 1020-8313) is a quarterly publication in English and is available free of charge. Material from the Bulletin may be reprinted with proper attribution. Editorial correspondence may be addressed to The Editor, IMF Research Bulletin, IMF, Room HQ1-9-612, Washington, DC 20431 USA; or e-mailed to
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Staff Discussion Notes showcase new policy-related analysis and research by IMF departments. These papers are generally brief and written in nontechnical language, and are aimed at a broad audience interested in economic policy issues.
What Happens to Social Spending in IMF-Supported Programs?
Benedict Clements, Sanjeev Gupta, and Masahiro Nozaki
Financial Deepening and International Monetary Stability
Rishi Goyal, Chris Marsh, Narayanan Raman, Shengzu Wang, and Swarnali Ahmed
Internationalization of Emerging Market Currencies: A Balance between Risks and Rewards
Samar Maziad, Pascal Farahmand, Shengzu Wang, Stephanie Segal, and Faisal Ahmed, directed by Udaibir Das and Isabelle Mateosy Lago
Institutional Models for Macroprudential Policy
Erlend W. Nier, Jacek Osiński, Luis I. Jácome, and Pamela Madrid