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 1990:3 follows; additions wilt be noted in future issues.

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 1990:3 follows; additions wilt be noted in future issues.

“The 1990 Reform of United Kingdom Local Authority Finance,” by Tamim Bayoumi [90/58]

“Optimal Tax/Expenditure Competition Strategy of Governments in the Presence of Time Inconsistency: The Case of Investment Tax Abatements,” by Daniel P. Hewitt [90/59]

“Economic and Monetary Union in Europe and Constraints on National Budgetary Policies,” by A. Lans Bovenberg, Jeroen J.M. Kremers, and Paul R, Masson [90/60]

“Targeting the Exchange Rate: An Empirical Investigation,” by Shula Pessach and Assaf Razin [90/61]

“Fiscal Policy, Labor Markets, and the Poor,” by Mario I. Blejer and Ke-young Chu [90/62]

“Foreign Direct Investment,” by J. Saúl Lizondo [90/63]

“Risk and Capital Flight in Developing Countries,” by Liliana Rojas-Suárez [90/64]

“Systemic Financial Risk in Payment Systems,” by David Folkerts-Landau [90/65]

“Possible Implications of Integrating the Corporate and Individual Income Taxes in the United States,” by Krister Andersson [90/66]

“The Composition and Distribution of Financial Assistance from Arab Countries and Arab Regional Institutions,” by Pierre van den Boogaerde [90/67]

“The Impact of the EC’s Internal Market on Nonmember Countries: The Case of EFTA,” by Richard K. Abrams, Peter K. Cornelius, Per L. Hedfors, and Gunnar Tersman [90/68]

“Are Sovereign Debt Secondary Market Returns Sensitive to Macroeconomic Fundamentals? Evidence from the Contemporary and Interwar Markets,” by Mark R. Stone [90/69]

“Tax Policy and Reform for Foreign Direct Investment in Developing Countries,” by Tax Policy Division [90/70]

“On Noncooperative Capital Income Taxation in Open Economies,” by Kenneth M. Kletzer [90/71)

“Trends and Cycles in the U.S. Economy,” by Charles Adams [90/72]

“Monetary Policy in an Emerging European Economic and Monetary Union: Key Issues,” by Jacob A, Frenkel and Morris Goldstein [90/73]

“Issues in the Reform of Deposit Insurance and Regulation of Depository Institutions,” by Steven M. Fries [90/74]

“The Dynamics of Money Demand and Prices,” by Liam P. Ebrill and Steven M. Fries [90/75]

“Fiscal Indicators for Economic Growth: An Illusory Search?” by Jack Diamond [90/76]

“Debt Overhang, Debt Reduction, and Investment: The Case of the Philippines,” by Eduardo Borensztein [90/77]

“Macroeconomic Policies and the Balance of Payments in Pakistan: 1972–1986,” by Mohsin S. Khan [90/78]

“Transitional Arrangements for Trade and Payments Among the CMEA Countries,” by Peter B. Kenen [90/79]

“Stability of Velocity in the Group of Seven Countries: A Kalman Filter Approach,” by Eduard J. Bomhoff [90/80]

“Banks in Distress—The Case of Bangladesh,” by Tarisa Watanagase [90/81]

“Sustainability, Premia, and the Dollar,” by Bankim Chadha and Steven Symansky [90/82]

“Protection and Export Performance in Sub-Saharan Africa,” by Dean A. DeRosa [90/83]

“Exchange Restrictions and Devaluation Crises,” by Pierre-Richard Agénor [90/84]

“Economic Implications of German Unification for the Federal Republic and the Rest of the World,” by Paul R. Masson and Guy Meredith [90/85]

“The Japanese Tax Reform: Efficiency Versus Equity,” by Toshiaki Tachibanaki and Osamu Ichioka [90/86]

“The Optimal Mix of Inflationary Finance and Commodity Taxation with Collection Lags,” by Avinash Dixit [90/87]

“Market Valuation of Illiquid Debt and Implications for Conflicts Among Creditors,” by Leonardo Bartolini and Avinash Dixit [90/88]

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/90/1), title, and author(s). Requests should be made to:

Publication Services

International Monetary Fund

Washington, D.C. 20431, U.S.A.

Telephone: (202) 623-7430

Telefax: (202) 623-7201

Cable: Interfund