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 1992:4 follows; additions will be noted in future issues.
“Private Sector Development in State-Dominated Economies,” by Assim M. Husain [92/79]
“Automating the Price Discovery Process: Some International Comparisons and Regulatory Implications,” by Ian Domowitz [92/80]
“Currency Substitution and Cross-Border Monetary Aggregation: Evidence from the G-7,” by Timothy D. Lane and Stephen S. Poloz [92/81]
“Issues in Managing and Sequencing Financial Sector Reforms: Lessons from Experiences in Five Developing Countries,” by Amer Bisat, R. Barry Johnston, and V. Sundararajan [92/82]
“Credibility Effects of Price Controls in Disinflation Programs,” by Pierre-Richard Agenor [92/83]
“Coordinating Public Debt and Monetary Management During Financial Reforms,” by Sergio Pereira Leite [92/84]
“Capital Inflows to Latin America: The 1970s and the 1990s,” by Guillermo A. Calvo, Leonardo Leiderman, and Carmen M. Reinhart [92/85]
“Structural and Macroeconomic Determinants of the Output Decline in Poland: 1990–91,” by Eduardo R. Borensztein and Jonathan D. Ostry [92/86]
“Implementation of Monetary Policy in EMS Countries Participating in the Exchange Rate Mechanism,” by M. Galy [92/87]
“Are Prices Countercyclical?” by Bankim Chadha and Eswar Prasad [92/88]
“China: An Evolving Market Economy: A Review of Reform Experience,” by Michael Bell and Kalpana Kochhar [92/89]
“International Trade, Distortions, and Long-Run Economic Growth,” by Jong-Wha Lee [92/90]
“The Savings Trap and Economic Take-Off,” by Carlos M. Asilis and Atish R. Ghosh [92/91]
“Price Liberalization in Russia: The Early Record,” by Vincent Koen and Steven Phillips [92/92]
“Linkages Between External Debt Data and Balance of Payments, Government Finance, and Monetary Statistics,” by Jan Bové [92/93]
“The European Community’s Trade and Trade-Related Industrial Policies,” by Miranda Xafa, Roger P. Kronenberg, and Joslin Landell-Mills [92/94]
“Managing Payments System Risk During the Transition from a Centrally Planned to a Market Economy,” by Andrew T. Hook [92/95]
“Asymmetry in the ERM: A Case Study of French and German Interest Rates Since Basle-Nyborg,” by E.H. Gardner and W.R. Perraudin [92/96]
“Fiscal Policy in Pakistan Since 1970,” by Nadeem U. Haque and Peter J. Montiel [92/97]
“The Terms of Trade and Economic Fluctuations,” by Enrique G. Mendoza [92/98]
“Money and Credit Under Currency Substitution,” by Carlos Alfredo Rodriguez [92/99]
“Optimal and Sustainable Exchange Rate Regimes: A Simple Game-Theoretic Approach,” by Masahiro Kawai [92/100]
“Financial Development and Economic Growth,” by José De Gregorio and Pablo E. Guidotti [92/101]
“Inflation and Fiscal Deficits: The Irrelevance of Debt and Money Financing,” by José M. Barrionuevo [92/102]
“Money and Banking Statistics in Former Soviet Union (FSU) Economies,” by Robert Di Calogero, K. Wilhelm Nahr, and Richard T. Stillson [92/103]
“International Environmental Taxation in the Absence of Sovereignty,” by Bernard Herber [92/104]
“Risk-Taking and Optimal Taxation with Nontradable Human Capital,” by Zuliu Hu [92/105]
“Testing the Neoclassical Theory of Economic Growth: A Panel Data Approach,” by Malcolm Knight, Norman Loayza, and Delano Villanueva [92/106]
“Fund Transactions and Reserve Creation,” by Samir Fawzi [92/107]
“Tax Policy and Trade Liberalization: An Application to Mexico,” by Andrew Feltenstein [92/108]
“The Volatility of Consumption in a Simple General Equilibrium Model,” by Gunnar Tersman [92/109]
“Macroeconomic Models for the PC,” by Willem Bier [92/110]
“Robustness of Macroeconomic Indicators of Capital Mobility,” by Enrique Mendoza [92/111]
“U.S. State and Local Government Finances over the Current Cycle,” by Tamim Bayoumi [92/112]