Abstract
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:
Publication Services
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NEW FROM THE INTERNATIONAL MONETARY FUND
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
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THE WORLD BANK ECONOMIC REVIEW
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.
In statistical matter throughout this issue,
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components of tables may not add to totals shown because of rounding.