Front Matter Page
IMF staff papers
Robert Flood
Editor and Committee Chair
Eswar S. Prasad
Co-Editor
Sean M. Culhane
Assistant Editor
Nicolas Magud
Research Assistant
Rosalind Oliver
Administrative Coordinator
Editorial Committee
Tito Cordelia
Enrica Detragiache
Atish R. Ghosh
Olivier Jeanne
Michael Keen
Andrei Kirilenko
Laura Kodres
Eduardo Ley
Donald J. Mathieson
Gian Maria Milesi-Ferretti
Miguel A. Savastano
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, or any other organization mentioned herein.
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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.
Front Matter Page
© 2004 by the International Monetary Fund
ISBN 1-58906-322-8
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
Contents
The Persistence of Corruption and Slow Economic Growth
Paolo Mauro
In Finance, Size Matters
Biagio Bossone and Jong-Kun Lee
International Liquidity and the Role of the SDR in the International Monetary System
Peter B. Clark and Jacques J. Polak
What Happened to Asian Exports During the Crisis?
Rupa Duttagupta and Antonio Spilimbergo
Financial Reforms and Interest Rate Spreads in the Commercial Banking System in Malawi
Ephraim W. Chirwa and Montfort Mlachila
High Inflation and Real Wages
Benedikt Braumann
A Brazilian-Type Debt Crisis
Assaf Razin and Efraim Sadka
Special Section on Data Issues: Preface
Robert P. Flood
Export and Import Price Indices
Jemma Dridi and Kimberly Zieschang