Front Matter

Front Matter Page

External Relations Department

July-December 1994

Compiled by the Editorial Division

Contents

  • WP/94/77 (July 1994)

    • by Gian Maria Milesi-Ferretti and Nouriel Roubini

  • “Taxation and Endogenous Growth in Open Economies”

  • WP/94/87 (July 1994)

  • “Compilation of Working Paper Summaries (January-June 1994)”

  • WP/94/78 (July 1994)

    • by R. Barry Johnston and Chris Ryan

  • “The Impact of Controls on Capital Movements on the Private Capital Accounts of Countries’ Balance or Payments: Empirical Estimates and Policy Implications”

  • WP/94/79 (July 1994)

    • by George C. Anayiotos

  • “Information Asymmetries in Developing Country Financing”

  • WP/94/80 (June 1994)

    • by Eduardo Borensztein and Jonathan D. Ostry

  • “Economic Reform and Structural Adjustment in East European Industry”

  • WP/94/81 (July 1994)

    • by Peter J. Quirk

  • “Capital Account Convertibility: A New Model for Developing Countries”

  • WP/94/82 (July 1994)

    • by Tamim Bayoumi and Barry Eichengreen

  • “Restraining Yourself: Fiscal Rules and Stabilization”

  • WP/94/83 (July 1994)

    • by Dennis J. Snower

  • “The Low-Skill, Bad-Job Trap”

  • WP/94/84 (July 1994)

    • by Jorge E. Roldós

  • “Supply-Side Effects of Disinflation Program”

  • WP/94/85 (August 1994)

    • by Alberto Alesina and Roberto Perotti

  • “The Political Economy of Budget Deficits”

  • WP/94/86 (July 1994)

    • by Carlos M. Asilis and V. Hugo Juan-Ramon

  • “On Corruption and Capital Accumulation”

  • WP/94/88 (August 1994)

    • by Stephen Tokarick

  • “External Shocks, the Real Exchange Rate, and Tax Policy”

  • WP/94/89 (August 1994)

    • by Tamim Bayoumi

  • “Aging Population and Canadian Public Pension Plans”

  • WP/94/90 (August 1994)

    • by Hamid Faruqee

  • “Long-Run Determinants of the Real Exchange Rate: A Stock-Flow Perspective”

  • WP/94/91 (August 1994)

    • by Bankim Chadha and Eswar Prasad

  • “Are Prices Countercylical? Evidence from the G-7”

  • WP/94/92 (August 1994)

    • by Paul Cashin

  • “Government Spending, Taxes, and Economic Growth”

  • WP/94/93 (August 1994)

    • by Diep Nuven

  • “Linkages in Price Level and Inflation Rate between CFA Franc Zone Countries and France

  • WP/94/94 (August 1994)

    • by Ray Y. Chou, Victor K. Ng, and Lynn K. Pi

  • “Cointegration of International Stock Market Indices”

  • WP/94/95 (August 1994)

    • by Sayuri Shirai

  • “How Does Industrialization Affect the Structure of International Trade? The Japanese Experience in the Pacific Basin, 1975-85”

  • WP/94/96(August 1994)

    • by Peter Quirk

  • “Adopting Currency Convertibility: Experiences and Monetary Policy Considerations for Advanced Countries”

  • WP/94/97 (August 1994)

    • by Eswar Prasad

  • “The Canadian Labor Market: Developments, Prospects, and Policy”

  • WP/94/98 (August 1994)

    • by Michael T. Hadjimichael, Dhaneshwar Ghura, Martin Muhleisen, Roger Nord, and E. Murat Ucer

  • “Effects of Macroeconomic Stability on Growth, Savings, and Investment in Sub-Saharan Africa: An Empirical Investigation”

  • WP/94/99 (August 1994)

    • by Vito Tanzi

  • “Corruption, Governmental Activities, and Markets”

  • WP/94/100 (August 1994)

    • by Philip R. Gerson

  • “Tuition Subsidies in a Model of Economic Growth”

  • WP/94/101 (September 1994)

    • by Vicente Galbis

  • “Sequencing of Financial Sector Reforms: A Review”

  • WP/94/102 (September 1994)

    • by Jeffrey Franks

  • “Explaining Unemployment in Spain: Structural Change, Cyclical Fluctuations, and Labor Market Rigidities”

  • WP/94/103 (September 1994)

    • by Mohamed A. El-Erian and Marunohan S. Kumar

  • “Emerging Equity Markets in Middle Eastern Countries”

  • WP/94/104 (September 1994)

    • by Gérard Bélanger

  • “Eastern Europe--Factors Underlying the Weakening Performance of Tax Revenues”

  • WP/94/105 (September 1994)

    • by Koenraad van der Heeden

  • “The Pay-As-You-Earn Tax on Wages--Options for Developing Countries and Countries in Transition”

  • WP/94/106 (September 1994)

    • by Ronald T. McMorran and David C. L. Nellor

  • “Tax Policy and the Environment: Theory and Practice”

  • WP/94/107 (September 1994)

    • by Marcel Cassard

  • “The Role of Offshore Centers in International Financial Intermediation”

  • WP/94/108 (September 1994)

    • by Bankim Chadha

  • “Disequilibrium in the Labor Market in South Africa”

  • WP/94/109 (September 1994)

    • by Pierre Dhonte, Daudi Ballali, Gilbert Terrier, and Stéphane Cossé

  • “Economic Trends in Africa: The Economic Performance of Sub-Saharan African Countries”

  • WP/94/110 (September 1994)

    • by Eduardo Borensztein, José De Gregorio and Jong-Wha Lee

  • “How Does Foreign Direct Investment Affect Economic Growth”

  • WP/94/111 (September 1994)

    • by Pierre-Richard Agénor and Joshua Aizenman

  • “Technological Change, Relative Wages, and Unemployment”

  • WP/94/112 (September 1994)

    • by Yaakov Kop

  • “Achy But Healthy: Lessons from the Israeli Health Sector”

  • WP/94/113 (September 1994)

    • by Robert A. Feldman

  • “Measures of External Competitiveness for Germany”

  • WP/94/114 (September 1994)

    • by Lars E. 0. Svensson

  • “Estimating and Interpreting Forward Interest Rates: Sweden 1992-1994”

  • WP/94/115 (September 1994)

    • by Jian-Ye Wang

  • “Macroeconomic Policies and Smuggling: An Analysis of Illegal Oil Trade in Nigeria”

  • WP/94/116 (October 1994)

    • by Peter K. Cornelius

  • “Defining, Measuring and Alleviating Poverty in an Economy in Transition: The Case of Lithuania”

  • WP/94/117 (October 1994)

    • by Liliana Rojas-Suarez and Steven R. Weisbrod

  • “Financial Market Fragilities in Latin America: From Banking Crisis Resolution to Current Policy Challenges”

  • WP/94/118 (October 1994)

    • by Huw Pill and Mahmood Pradhan

  • “Monetary Aggregation: A Reconciliation of Theory and Central Bank Practice”

  • WP/94/119 (September 1994)

    • by Arto Kovanen

  • “Foreign Exchange Auctions and Fixings: A Review of Performance”

  • WP/94/120 (October 1994)

    • by Tamin Bayoumi and Ronald MacDonald

  • “Consumption, Income, and International Capital Market Integration”

  • WP/94/121 (October 1994)

    • by Ludger Schuknecht

  • “Political Business Cycles and Expenditure Policies in Developing Countries”

  • WP/94/122 (October 1994)

    • by Benedict Clements and Joaquim V. Levy

  • “Public Education Expenditure and Other Determinants of Private Investment in the Caribbean”

  • WP/94/123 (October 1994)

    • by Caroline Van Rijckeghem

  • “Albania: Income Distribution, Poverty, and Social Safety Nets in the Transition, 1991-1993”

  • WP/94/124 (October 1994)

    • by William Lee and Eswar Prasad

  • “Changes in the Relationship Between the Long-Term Interest Rate and its Determinants”

  • WP/94/125 (October 1994)

    • by Shahabuddin M. Hossain

  • “The Equity Impact of Value-Added Tax in Bangladesh”

  • WP/94/126 (October 1994)

    • by Charles Kramer

  • “Noise Trading, Transaction Costs, and the Relationship of Stock Returns and Trading Volume”

  • WP/94/127 (October 1994)

    • by Marcello de Cecco

  • “Central Banking in Central and Eastern Europe: Lessons from the Interwar Years’ Experience”

  • WP/94/128 (October 1994)

    • by Michael D. Bordo, Dominique Simard and Eugene N. White

  • “France and the Breakdown of the Bretton Woods International Monetary System”

  • WP/94/129 (November 1994)

    • by Johannes Mueller

  • “Dollarization in Lebanon”

  • WP/94/130 (November 1994)

    • by Vivek B. Arora and Manmohan S. Kumar

  • “Trade Reform and Inflation Stabilization”

  • WP/94/131 (November 1994)

    • by Jack Bame

  • “The Meaning of Balance of Payments Statistics in an Interdependent World”

  • WP/94/132 (November 1994)

    • by Hossein Samiei

  • “Exchange Rate Fluctuations and U.K. Manufacturing Exports”

  • WP/94/133 (November 1994)

    • by Gabriel Sensenbrenner and V. Sundararajan

  • “The Payments System and its Effects on Monetary Operations: Recent Experience in the Russian Federation”

  • WP/94/134 (November 1994)

    • by Peter J. Quirk

  • “Fixed or Floating Exchange Regimes: Does It Matter for Inflation?”

  • WP/94/135 (November 1994)

    • by Leonard Bartolini and Carlo Cottarelli

  • “Treasury Bill Auctions: Issues and Uses”

  • WP/94/136 (November 1994)

    • by Jonathan D. Ostry and Joaquim Levy

  • “Household Saving in France: Stochastic Income and Financial Deregulation”

  • WP/94/137 (November 1994)

    • by Claire Liuksila, Alejandro Garcia, and Sheila Bassett

  • “Fiscal Policy Sustainability in Oil-Producing Countries”

  • WP/94/138 (November 1994)

    • by Michael Sarel

  • “On the Dynamics of Economic Growth”

  • WP/94/139 (November 1994)

    • by Douglas Laxton, Guy Meredith, and David Rose

  • “Asymmetric Effects of Economic Activity on Inflation: Evidence and Policy Implications”

  • WP/94/140 (November 1994)

    • by Carmen M. Reinhart

  • “Devaluation, Relative Prices, and International Trade: Evidence from Developing Countries”

  • WP/94/141 (December 1994)

    • by Philipp Hartmann

  • “Foreign Exchange Risk Regulation: Issues for Industrial and Developing Countries”

  • WP/94/142 (December 1994)

    • by Xiaoning Gong

  • “Improving the Estimation Methodology of Monthly Data in Direction of Trade Statistics”

  • WP/94/143 (December 1994)

    • by Michael Sarel

  • “Demographic Dynamics and the Empirics of Economic Growth”

  • WP/94/144 (December 1994)

    • by David T. Coe, Elhanan Helpman, and Alexander W. Hoffmaister

  • “North-South R&D Spillovers”

  • WP/94/145 (December 1994)

    • by Mingwei Yuan and Kalpana Kochhar

  • “China’s Imports: An Empirical Analysis Using Johansen’s Cointegration Approach”

  • WP/94/146 (December 1994)

    • by Bennett T. McCallum and Monica Hargraves

  • “A Monetary Impulse Measure for Medium-Term Policy Analysis”

  • WP/94/147 (December 1994)

    • by Paul Masson

  • “The Credibility of the United Kingdom’s Commitment to the ERM: Intentions Version Actions”

  • WP/94/148 (December 1994)

    • by V. Sundararajan, Hans J. Blommestein, Peter Dattels, Ian S. McCarthy, and Marta Castello-Branco

  • “The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition--Issues and Lessons from Experience”

  • WP/94/149 (December 1994)

    • by Bill Allan

  • “Toward a Framework for a Budget Law for Economies in Transition”

  • WP/94/150 (December 1994)

    • by Reza Moghadam and Caroline Van Rijckeghem

  • “Unemployment Hysteresis, Wage Determination, and Labor Market Flexibility: The Case of Belgium”

  • WP/94/151 (December 1994)

    • by Peter M. Garber and Michael G. Spencer

  • “Foreign Exchange Hedging with Synthetic Options and the Interest Rate Defense of a Fixed Exchange Rate Regime”

  • WP/94/152 (December 1994)

    • by Ramana Ramaswamy and Eswar Prasad

  • “Shocks and Structural Breaks: Labor Market Reforms in the United Kingdom”

  • WP/94/153 (December 1994)

    • by Alexander W. Hoffmaister and Garry J. Schinasi

  • “Asset Prices, Financial Liberalization, and the Process of inflation in Japan”

  • WP/94/154 (December 1994)

    • by Evgeny Gavrilenkov and Vincent Koen

  • “How Large Was the Output Collapse in Russia? Alternative Estimates and Welfare Implications”

  • WP/94/155 (December 1994)

    • by Nadeem U. Haque and Se-Jik Kim

  • “Human Capital Flight: Impact of Migration on Income and Growth”

  • WP/94/156 (December 1994)

    • by Karim Abdel-Motaal

  • “Analysis of the Yield on Foreign Exchange Bearer Certificates: Rationality and Financial Behavior in Pakistan”

  • WP/94/157 (December 1994)

    • by Steven Symansky and Leonardo Bartolini

  • “Financing the Transition of Previously Centrally Planned Economies: Macroeconomic Effects on Western Europe”

  • WP/94/158 (December 1994)

    • by Alun H. Thomas

  • “The Response of Wages and Labor Supply Movements to Employment Shocks Across Europe and the United States”

  • WP/94/159 (December 1994)

    • by Jeffrey A. Frankel

  • “Sterilization of Money Inflows: Difficult (Calvo) or Easy (Reisen)?”

Working Paper Summaries (WP/94/77 - WP/94/147)
Author: International Monetary Fund