Front Matter Page
External Relations Department
July-December 1993
Contents
WP/93/55 (July 1993)
by John Odling-Smee and Henri Lorie
“The Economic Reform Process in Russia”
WP/93/63 (August 1993)
Compilation of Working Paper Summaries
(January-June 1993)
WP/93/56 (July 1993)
by Vivek B. Arora
“Sovereign Debt: A Survey of Some Theoretical and Policy Issues”
WP/93/57 (July 1993)
by Joshua Aizenman and Peter Isard
“Political Feasibility and Investment in Economic Transformation”
WP/93/58 (July 1993)
by Maxwell J. Fry
“The Fiscal Abuse of Central Banks”
WP/93/59 (July 1993)
by Delano Villanueva
Openness, Human Development, and Fiscal Policies: Effects on Economic Growth and Speed of Adjustment”
WP/93/60 (July 1993)
by Alex Mourmouras and José A. Tijerina
“Collection Lags and the Optimal Inflation Tax: A Reconsideration”
WP/93/61 (August 1993)
by David Bigman and Sérgio Pereira Leite
“Enterprise Arrears in Russia: Causes and Policy Options”
WP/93/62 (August 1993)
by Alun H. Thomas
“Saving, Investment, and the Regional Current Account: An Analysis of Canadian, British, and German Regions”
WP/93/64 (August 1993)
by Catharina J. Hooyman
“The Use of Foreign Exchange Swaps by
Central Banks: A Survey”
WP/93/65 (August 1993)
by the Staff of the Tax Policy Division
“Technical Assistance on Tax Policy: A Review”
WP/93/66 (August 1993)
by Roger Nord, Michael Mered, Nisha Agrawal, and Zafar Ahmed
“Structural Adjustment, Economic Performance, and Aid Dependency in Tanzania”
WP/93/67 (August 1993)
by Michael J. Artis and Mark P. Taylor
“The Stabilizing Effect of the ERM on Exchange Rates and Interest Rates: An Empirical Investigation”
WP/93/68 (August 1993)
by Karim Nashashibi and Stefania Bazzoni
“Alternative Exchange Rate Strategies and Fiscal Performance in Sub-Saharan Africa”
WP/93/69 (August 1993)
by S. Nuri Erbas
“Presumptive Taxation: Revenue and Automatic Stabilizer Aspects”
WP/93/70 (August 1993)
by Peter J. Montiel and Jonathan D. Ostry
“Is the Parallel Market Premium a Reliable Indicator of Real Exchange Rate Misalignment in Developing Countries?”
WP/93/71 (September 1993)
by Pierre Dhonte, Jean Clement, Mbuyamu Matungulu, and Dawn Rehm
“Economic Trends in Africa: The Economic Performance of Sub-Saharan African Countries”
WP/93/72 (September 1993)
by José De Gregorio
“Credit Markets and Stagnation in an Endogenous Growth Model”
WP/93/73 (September 1993)
by Manmohan S. Kumar, Hossein Samiei, and Sheila Bassett
“An Extended Scenario and Adjustment Model for Developing Countries”
WP/93/74 (October 1993)
by Benedicte Vibe Christensen
“The Russian Federation in Transition: External Developments”
WP/93/75 (October 1993)
by Hans J. Blommestein and Michael G. Spencer
“The Role of Financial Institutions in the Transition to a Market Economy”
WP/93/76 (October 1993)
by Ioannis Halikias
“Testing the Credibility of Belgium’s Exchange Rate Policy”
WP/93/77 (October 1993)
by Monica Hargraves, Garry J. Schinasi, and Steven R. Weisbrod
“Asset Price Inflation in the 1980s: A Flow of Funds Perspective”
WP/93/78 (October 1993)
by Karen Parker and Steffen Kastner
“A Framework for Assessing Fiscal Sustainability and External Viability, with an Application to India”
WP/93/79 (October 1993)
by Pierre-Richard Agénor and Julio A. Santaella
“Efficiency Wages and Labor Mobility in an Open Economy”
WP/93/80 (October 1993)
by Anne Sibert and Lihong Liu
“Government Finance in a Model of Currency Substitution”
WP/93/81 (November 1993)
by Enrique G. Mendoza and Linda L. Tesar
“Supply-Side Economics in an Integrated World Economy”
WP/93/82 (November 1993)
by Leonardo Bartolini
“Devaluation and Competitiveness in a Small Open Economy: Ireland 1987-1993”
WP/93/83 (November 1993)
by Alun H. Thomas
“Expected Devaluation and Economic Fundamentals”
WP/93/84 (November 1993)
by David T. Coe and Elhanan Helpman
“International R&D Spillovers”
WP/93/85 (November 1993)
by Steven M. Fries
“Japanese Banks and the Asset Price ‘Bubble’”
WP/93/86 (November 1993)
by Tamim Bayoumi, Daniel Hewitt, and Steven Symansky
“The Impact of Worldwide Military Spending Cuts on Developing Countries”
WP/93/87 (November 1993)
by Paul Hilbers
“Monetary Instruments and Their Use During the Transition from a Centrally Planned to a Market Economy”
WP/93/88 (November 1993)
by A. Javier Hamann
“Financial Liberalization and the Information Content of Money in Indonesia, Korea, and the Philippines”
WP/93/89 (November 1993)
by Pierre-Richard Agénor and Carlos M. Asilis
“Price Controls and Electoral Cycles”
WP/93/90 (November 1993)
by Jorge E. Roldós
“On Credible Disinflation”
WP/93/91 (November 1993)
by Eswar Prasad
“Labor Market Aspects of Industrial Restructuring in Canada”
WP/93/92 (December 1993)
by Christopher M. Towe
“Recent U.S. Investment Incentives”
WP/93/93 (December 1993)
by Ellen M. Nedde
“U.S. Health Care Reform”
WP/93/94 (December 1993)
by Caroline Van Rijckeghem
“Endogeneity in Structural Unemployment Equations: The Case of Canada”
WP/93/95 (December 1993)
by Morris Goldstein and Michael Mussa
“The Integration of World Capital Markets”