IMF Working Papers

Staff Papers draws on IMF Working Papers, which are research studies by members of the Fund’s staff. A list of Working Papers issued in 1989:2 follows; additions will be noted in future issues.


Staff Papers draws on IMF Working Papers, which are research studies by members of the Fund’s staff. A list of Working Papers issued in 1989:2 follows; additions will be noted in future issues.

“Currency Switch and the Choice of an International Reserve Currency,” by Harry Delias [89/27]

“Government Purchases and Relative Prices in a Two-Country World,” by Jonathan D. Ostry [89/28]

“The Recent Behavior of U.S. Trade Prices,” by Daniel Citrin [89/29]

“The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates,” by Robert P. Flood and Peter M. Garber [89/30]

“Structural Determinants of the Natural Rate of Unemployment in Canada,” by David T. Coe [89/31]

“A Model of Adjustment and Growth: An Empirical Analysis,” by Carmen M. Reinhart [89/32]

“Financial Crisis in Developing Countries and Structural Weaknesses of the Financial System,” by Guillermo R. Le Fort [89/33] “

“Deregulation and Consumption: Saving Dynamics in Nordic Countries,” by Olli-Pekka Lehmussaari [89/34]

“Real Exchange Rate and Output Variability: The Role of Sticky Prices,” by Bankim Chadha [89/35] “Gaining Policy Credibility in the EMS: The Case of Ireland,” by Jeroen J.M. Kremers [89/36]

“Balance of Payments Crises and the Structure of Adjustment Policies,” by Michael Frenkel and Martin Klein [89/37]

“Currency Substitution and Financial Innovation,” by Pablo E. Guidotti [89/39]

“Optimal Taxation Policies in the EMS: A Two-Country Model of Public Finance,” by Carlos A. Vegh and Pablo E. Guidotti [89/40]

“European Financial Integration and Revenue from Seigniorage: The Case of Italy,” by Lazaros Molho [89/41]

“An Economic Analysis of Tax Amnesties,” by Peter Stella [89/42]

“International Spillovers of Taxation,” by Jacob A. Frenkel, Assaf Razin, and Steven Symansky [89/43]

“Exchange Rate Movements and International Interdependence of Stock Markets,” by Jagdeep S. Bhandari and Hans Genberg [89/44]

“Government Expenditures and Economic Growth: An Empirical Investigation,” by Jack Diamond [89/45]

“Indexation and Maturity of Government Bonds: A Simple Model,” by Guillermo A, Calvo and Pablo E. Guidotti [89/46]

“Factors Affecting Saving, Policy Tools, and Tax Reform: A Review,” by Roger S. Smith [89/47]

“Monetary Control Procedures and Financial Reform: Approaches, Issues, and Recent Experiences in Developing Countries,” by R. Barry Johnston and Odd Per Brekk [89/48]

“Fiscal Policy, Locational Decisions, and Exchange Rates,” by Michael P. Dooley and Peter Isard [89/49]

“From Deficit Delusion to the Fiscal Balance Rule: Looking for an Economically Meaningful Way to Assess Fiscal Policy,” by Laurence J. Kotlikoff [89/50]

“Private Consumption and Saving: The Cases of Mexico and Chile,” by A. Gomez-Oliver [89/51]

“The Purchasing-Power-Parity Criterion for Stabilizing Exchange Rates,” by Kenichi Ohno [89/52]

“A Forward-Looking Macroeconomic Simulation Model for a Developing Country,” by Nadeem Ul Haque, Peter J. Montiel, and Steven Symansky [89/53]

“Growth, External Debt, and Sovereign Risk in a Small Open Economy,” by Jagdeep S. Bhandari, Nadeem Ul Haque, and Stephen J. Tumovsky [89/54]

A limited supply of IMF Working Papers is available free of charge to interested scholars and research institutions. In requesting a particular paper (or papers), please indicate the Working Paper number (for example, WP/89/1), title, and author(s). Requests should be made to:

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Macroeconomic Policies in an Interdependent World

edited by Ralph C. Bryant, David A. Currie, Jacob A. Frenkel, Paul R. Masson, and Richard Portes

This volume, a collection of papers delivered at a December 1988 conference in Washington, examines the theoretical basis for, and practice of, macroeconomic policy coordination. It represents the findings of various econometric models and examines interdependence in the context of European integration plans and North-South relations. The conference was cosponsored by The Brookings Institution, The Centre for Economic Policy Research, and the international Monetary Fund.

ISBN 1-55775-111-0

Price: $17.50

Orderfrom: Publication Services

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Volume 3

May 1989

Number 2

Three Decades of Industrialization

Moshe Syrquin and Hollis Chenery

Household Survey Data and Pricing Policies in Developing Countries

Angus Deaton

Settling Defaults in the Era of Bond Finance

Barry Eichengreen and Richard Portes

Trade Policies and the Highly Indebted Countries

Sam Laird and Julio Nogues

Real Exchange Rate Uncertainty and Exports

Ricardo J. Caballero and Vittorio Corbo

Imports under a Foreign Exchange Constraint

Cristian Moran

Subscriptions to The World Bank Economic Revieware complimentary for readers with mailing addresses in non-OECD countries. To request a complimentary subscription or receive information about subscription rates for readers with addresses in OECD countries, write to World Bank Publications, 1878 H Street, N.W., Washington, DC. 20433, USA.

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