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Robert Flood Editor and Committee Chair
Ratna Sahay and Eswar S. Prasad Co-Editors
Helen Chin Assistant Editor
Stefan Hubrich Research Assistant
Rosalind Oliver Administrative Coordinator
Editorial Committee
Brian Aitken
Tamim Bayoumi
Sharmini Coorey
Tito Cordelia
Atish R. Ghosh
Kenneth Kletzer
Laura Kodres
Eduardo Ley
Donald J. Mathieson
Gian Maria Milesi-Ferretti
Sunil Sharma
The objective of IMF Staff Papers is to publish high quality research produced by IMF staff and invited guests on a variety of topics of interest to a broad audience including academics and policymakers in the member countries of the Fund. The papers selected for publication in the journal are subject to an extensive review process using both internal and external referees. IMF Staff Papers also welcomes outside comments, criticisms, and interesting replications of published work. The views presented in published papers are those of the authors and do not necessarily reflect the position of the Executive Board or of the IMF.
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EDITOR’S NOTE
The Editor invites from contributors outside the IMF brief comments (not more than 1,000 words) on published articles in IMF Staff Papers. These comments should be addressed to the Editor, who will forward them to the author of the original article for reply. Both the comments and the reply will be considered for publication.
The data underlying articles published in IMF Staff Papers are available on the journal’s website (http://www.imf.org/staffpapers). Readers are invited to use these data to expand on the material in the articles, and the journal will consider publishing such work.
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© 2001 by the International Monetary Fund
International Standard Serial Number: ISSN 1020-7635
This serial publication is catalogued as follows:
International Monetary Fund
IMF staff papers—International Monetary Fund. v. 1– Feb. 1950–[Washington] International Monetary Fund.
v. tables, diagrs. 26 cm.
Three no. a year, 1950–1977; four no. a year, 1978–
Indexes:
Vols. 1–27, 1950–80, 1 v.
ISSN 1020-7635 = IMF staff papers—International Monetary Fund.
1. Foreign exchange—Periodicals. 2. Commerce—Periodicals.
3. Currency question—Periodicals.
HG3810.15 332.082 53-35483