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 1992:3 follows; additions will 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 1992:3 follows; additions will be noted in future issues.

IMF Working Papers

“Alternative Forms of Mineral Taxation. Market Failure, and the Environment,” by Timothy R. Muzondo [92/49]

“Independent Currency Authorities: An Analytic Primer,” by Kent Osband and Delano Villanueva [92/50]

“Exchange Rates, Country Preferences, and Gold,” by Michael P. Dooley, Peter Isard, and Mark P. Taylor [92/51]

“The Sub-Saharan African Debt Problem: An Update,” by Joshua E. Greene [92/52]

“Multicountry Evidence on the Effects of Macroeconomic, Financial, and Trade Policies on Efficiency of Resource Utilization in the Developing Countries,” by Matthew Odedokun [92/53]

“Current Account Deficits, External Liabilities, and Economic Policy,” by John Pitchford [92/54]

“The Export Performance of Sub-Saharan Africa, 1970–90: A Survey,” by Roy C. Baban and Joshua E. Greene [92/55]

“Using an EC-Wide Monetary Aggregate in Stage Two of EMU,” by Tamim A, Bayou mi and Peter B. Kenen [92/56]

“Endogenous Creditor Seniority and External Debt Values,” by Michael Dooley and Mark R. Stone [92/57]

“Working Paper Summaries,” compiled by the Editorial Division, External Relations Department [92/58]

“The Output Decline in the Aftermath of Reform: The Cases of Bulgaria, Czechoslovakia, and Romania,” by E. R. Borensztein, D. G. Demekas, and J. D. Ostry [92/59]

“Inflation and Monetary Reform,” by Pierre-Richard Agénor and Anna Lennblad [92/60]

“Stock Market Response to Unexpected Macroeconomic News: The Australian Experience,” by Mehdi Sadeghi [92/61]

“Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors,” by Guillermo A. Calvo, Leonardo Leiderman, and Carmen M. Reinhart [92/62]

“Discretionary Monetary Policy Versus Rules: The Japanese Experience During 1986–91,” by Guy Meredith [92/63]

“Output Collapse in Eastern Europe: The Role of Credit,” by Guillermo A. Calvo and Fabrizio Coricelli [92/64]

“Currency Substitution: The Recent Experience of Bolivia,” by Benedict Clements and Gerd Schwartz [92/65]

“The Dissolution of the Austro-Hungarian Empire: Lessons for Currency Reform,” by Peter M. Garber and Michael G Spencer [92/66]

“Wage and Public Debt Indexation,” by Pablo E. Guidotti [92/67]

“Interest Rate Policy in Central and Eastern Europe: The Influence of Monetary Overhangs and Weak Enterprise Discipline,” by Adam Bennett and Susan Schadler [92/68]

“A Simple Monetary Model of a Shortage Economy,” by Shoukang Lin [92/69]

“Tax Farming—A Radical Solution for Developing Country Tax Problems?” by Peter Stella [92/70]

“The Implications of Cross-Border Monetary Aggregation,” by Jeroen J. M. Kremers and Timothy D. Lane [92/71]

“Macroeconomic Uncertainty, Precautionary Savings, and the Current Account,” by Atish R. Ghosh and Jonathan D. Ostry [92/72]

“Losing Credibility: The Stabilization Blues,” by Pablo E. Guidotti and Carlos A. Végh [92/73]

“Wage Claims, Incomes Policy, and the Path of Output and Inflation in a Formerly Centrally Planned Economy,” by Gian Maria Milesi-Ferretti [92/74]

“External Shocks and Inflation in Developing Countries Under a Real Exchange Rate Rule,” by Peter J. Montiel and Jonathan D. Ostry [92/75]

“A Taxonomy of Automated Trade Execution Systems,” by Ian Domowitz [92/76]

“Treatment of Intercompany Transfer Pricing for Tax Purposes—A Survey of Legislative and Administrative Issues,” by Yuichi Ikeda [92/77]

“Spain: Landmarks in Economic Development, 1939–92,” by Erich Spitäller and Michel Galy [92/78]

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