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 1995:1 follows.


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 1995:1 follows.

“An Analysis of Value‐Added Taxes in Russia and Other Countries of the Former Soviet Union,” by Victoria P. Summers and Emil M. Sunley [95/1]

“Government Finance Statistics in the Countries of the Former Soviet Union: Compilation and Methodological Issues,” by Marie Montanjees [95/2]

“Saving Behavior in Low‐ and Middle–Income Developing Countries: A Comparison,” by Masao Ogaki, Jonathan D. Ostry, and Carmen M. Reinhart [95/3]

“Skills, Wages, and Employment in Eastern and Western Germany,” by Felix FitzRoy and Michael Funke [95/4]

“The Simple Economics of Benefit Transfers,” by Dennis J. Snower [95/5]

“Environmental Protectionism, North-South Trade, and the Uruguay Round,” by Piritta Sorsa [95/6]

“Evaluating Unemployment Policies: What do the Underlying Theories Tell Us?” by Dennis J. Snower [95/7]

“Inflation and Stabilization in Transition Economies; A Comparison with Market Economies,” by Ratna Sahay and Carlos Végh [95/8]

“The Pattern of International Trade Between Japan and the Pacific Basin Countries: A Comparison Between 1975 and 1985,” by Sayuri Shirai [95/9]

“Wage Contracts, Capital Mobility, and Macroeconomic Policy,” by Pierre‐Richard Agenor [95/10]

“Wage Expenditures of Central Governments,” by Daniel Hewitt and Caroline van Rijckeghem [95/11]

“Pricing to Market and the Real Exchange Rate.” by Hamid Farugee [95/12]

“Stabilization and Structural Change in Russia, 1992–94,” by Vincent Koen and Michael Marrese [95/13]

“Long‐Run Exchange Rate Modeling: A Survey of the Recent Evidence,” by Ronald MacDonald [95/14]

“Working Paper Summaries,” compiled by the Editorial Division, External Relations Department [95/15]

“Setting up a Treasury in Economies in Transition,” by Teresa Ter‐Minassian, Pedro P. Parente, and Pedro Martinez–Mendez [95/16]

“Excess Wages Tax.” by Alan A. Tait and S. Nuri Erbas [95/17]

“A Review of PPP‐Adjusted GDP Estimation and its Potential Use for the Fund’s Operational Purposes,” by Nancy Wagner [95/18]

“Public Policies and Private Savings and Investment in Sub‐Saharan Africa: An Empirical Investigation,” by Michael T. Hadjimichael and Daneshwar Ghura [95/19]

“Trade Liberalization and Unemployment,” by Pierre‐Richard Agenor and Joshua Aizenman [95/20]

“The Role of Foreign Currency Debt in Public Debt Management,” by Patrickde Fontenay, Gian Maria Milesi‐Ferretti, and Huw Pill [95/21]

“The Reform of Tax Administration,” by Vito Tanzi and Anthony Pellechio [95/22]

“Regional Integration in Eastern and Southern Africa: The Cross‐Border Initiative and its Fiscal Implications,” by Ferdinand Bakoup, Abdelrahmi Bessaha, and Luca Errico [95/23]

“Current Account Surpluses and the Interest Rate Island in Switzerland,” by Paolo Mauro [95/24]

“Fiscal Policy Coordination in the West African Economic and Monetary Union After the Devaluation,” by Christoph B. Rosenberg [95/25]

“The Design and Printing of Bank Notes: Considerations When Introducing a New Currency,” by Richard K. Abrams [95/26]

“Historical Experience with Bond Financing to Developing Countries,” by Juan Jose Fernandez‐Ansola and Thomas Laursen [95/27]

“Paradise Lost? Growth, Convergence and Migration in the South Pacific,” by Paul Cashin and Norman Loayza [95/28]

“Poverty Alleviation in a Financial Programming Framework: An Integrated Approach,” by Sheetal K. Chand and Parthasarathi Shome [95/29]

“World Public Debt and Real Interest Rates,” by Robert Ford and Douglas Laxton [95/30]

“Economic Effects and Structural Determinants of Capital Controls,” by Vittorio Grilli and Gian Maria Milesi‐Ferretti [95/31]

“Nonlinearity and Endogeneity in Macro‐Asset Pricing,” by Craig Hiemstra and Charles Kramer [95/32]

“The Italian Public Pension System: Current Prospects and Reform Options,” by Patricia Canziani and Dimitri G. Demekas [95/33]

“Measurement of Co‐Circulation of Currencies,” by Russell Krueger and Jiming Ha [95/34]

“Fiscal Restructuring in the Group of Seven Major Industrial Countries in the 1990s: Macroeconomic Effects,” by Leonardo Bartolini, Assaf Razin, and Steve Symansky [95/35]

“Wage Structure in the Transition of the Czech Economy,” by Robert J. Flanagan [95/36]